According to the team, “big things are on the way” for Shiboshis on Shibarium.
Much to the excitement of the global crypto community, the Shiba Inu team has once again announced that plans are in motion for a new upgrade. That is, as it concerns its Shiboshis NFTs on the Shibarium blockchain.
The exciting news was shared by Shiba Inu’s marketing lead Lucie via an X post. Although the post could not confirm the exact date that the update is set to be released, it did detail the variety of new features to expect, even as the upgrade aims to boost the utility and appeal of Shiboshis.
Exciting Upgrades and Exclusive Features for Shiboshis on Shibarium
Shiboshis are a unique set of Ethereum-based NFTs within the Shiba Inu ecosystem. With the upcoming upgrade, they are set to become a major part of SHIB’s ecosystem.
According to Lucie, “big things are on the way” for Shiboshis on Shibarium. The marketing lead mentioned enhanced utility, exclusive events, and rewards, as well as future expansion as part of the things that Shiboshi holders may expect from the upgrade.
Meanwhile, the team is not only focused on improving Shiboshi’s appeal. Per Lucie, work is also in progress to reduce gas fees on the Shibarium network.
For what it’s worth, high gas fees continue to be a major concern for users. So, lowering them could make SHIB SHIB $0.000012 24h volatility: 1.7% Market cap: $7.19 B Vol. 24h: $107.03 M transactions more accessible and affordable.
Presently, Lucie confirms that Shiboshi holders are already sharing tips on how to bridge costs down to as little as $2. This possibility has also added to the excitement around the project’s new direction.
Will SHIB’s Price Surge Follow This Development?
Following the announcement, the market’s reaction so far has not been as pronounced as expected. However, that may be due to the indecision of the Shiba Inu community given that the official date of the full release of these upgrades has not yet been communicated.
As of publication, though, Shiba Inu (SHIB) was seen trading at 0.00001706, up 1.04% in the past 24 hours. This already hints at a possible price surge. More so, considering that the broader meme coin sector has recently been in a downward trend.
Also, crypto market participants are very optimistic about the SHIB’s long-term prospects. This optimism, however, does not solely rest on the upcoming upgrade.
Instead, it may be attributed to the fact that the meme coin has witnessed a notable reduction in its supply. This reduction is a direct result of the recent surge in the SHIB burn rate.
Lastly, activity on the Shibarium network has been climbing quite remarkably. This points to the potential for sustained growth and may positively impact SHIB’s market value in the coming months.
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