October 9th, 2024
The FED changing its mandate to support the labor market is what markets have been waiting for. Lower rates reduce borrowing costs, encourage speculation, and increase the system’s liquidity.
This ShibDev Portal is only one of Shiba Inu’s recent additions to its ecosystem. Last month, the protocol deployed a new version of the Bor software (v1.1.2-bone).
SunPump.meme, introduced in August 2024, allows users to create their own meme token with minimal capital investment. The concept is similar to Solana’s Pump.Fun, where users can issue new tokens for a small fee.
Despite a general downturn in the market, the introduction of Agent Shiboshi for iPhone users has captured investor attention, positively impacting the market.
DeFi tokens and meme coins in the Ethereum ecosystem have the highest centralization, with the top 10 investors controlling the lion’s shares.
This new burn mechanism is significantly reducing the amount of SHIB in circulation, as evident in the recent percentage burn rate reported.
Shiba Inu’s upcoming DAO will give Leash token holders an important role in maintaining order, protecting the ecosystem, and governing the community’s sustainability initiatives.
The Shiba Inu DAO would allow the SHIB voters to vote on future initiatives such as having a say in the future direction of the project.
The launch of the Shiba Inu burn portal ShibTorch has also increased the odds of a SHIB rally ahead as it seeks to burn more tokens from Layer-2 Shibarium network.
Web3 game Shiba Eternity is currently running on the Shibarium mainnet thereby providing a decentralized gaming experience that represents players’ inventory cards as NFTs.