Shiba Inu Coin News: Shiba Inu Will Make Millionaire | Shiba Inu Price Prediction

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Shiba Inu Millionaire Potential

Latest Shiba Inu Coin News suggest that Shiba Inu, is the cryptocurrency with potential to make one a millionaire. It is worth considering if you’re interested in holding SHIB tokens. There’s still a high possibility of substantial returns from Shiba Inu investments.

On May 21st, the price of Shiba Inu was around 862 units. Although it experienced a slight decrease of 0.81% within the last 24 hours, its trading volume reached $61 million. The token currently has a market cap of over $5.1 billion, ranking it as the 16th most valuable cryptocurrency. Keep in mind that prices may have changed since this writing and this content is not financial advice.

Shiba Inu Coin News
Image via CoinMarketCap

The token initially had a supply of one quadrillion coins; however, due to coin burns occurring daily, its circulating supply has decreased to approximately 589 trillion Shiba coins.

SHIB Gains New Listings | Cold Wallet Update

Shiba Inu (SHIB) has recently gained two new exchange listings, exciting the community. CoinMENA, a Bahrain-based crypto exchange, confirmed their listing after hinting at it earlier in the week. Brazilian exchange also announced its SHIB listing and is celebrating with a giveaway.

In addition to these listings, updates on the highly anticipated SHIB-themed cold wallet have generated excitement within the Shiba Inu community. A Twitter account revealed that pre-orders for this limited-edition wallet will begin on May 29th. Due to high demand from both communities, wallet builder Tangem plans to increase production to over 2,000 units.

Furthermore, LUCIE—an official of the Shiba Inu ecosystem—shared her enthusiasm regarding upcoming developments in the SHIB Metaverse by posting a teaser video online.

Shiba Inu and NOWNodes Partnership on Shibarium Trading Bot

Shiba Inu community partners with NOWNodes for trading bot revolution in Shibarium. NOWNodes, a leading blockchain node infrastructure provider, recently praised the Shiba Inu community for their dedication and commitment to developing trading bots on Shibarium. The partnership between Shiba Inu and NOWNodes highlights the innovative potential of the network in the blockchain space.

On May 5th, NOWNodes published a comprehensive tutorial aimed at assisting the Shiba Inu community in building trading bots on Shibarium. This guidance was provided to help them leverage Shibarium’s capabilities effectively. Community members were encouraged to seek further assistance from NOWNodes if they encountered any difficulties during this process. As more members of the Shiba Inu community continue to embrace Shibarium, it solidifies its position as an innovative and promising solution within the crypto landscape.

The Growth and Potential of Shibarium Beta in the Shiba Inu Ecosystem

Shibarium beta’s rapid growth signals a promising future for the Shiba Inu ecosystem. As the beta version of Shiba Inu’s upcoming L2 platform, Shibarium beta has reached significant milestones, generating excitement in the crypto community. The Shiba Inu cryptocurrency project, based on the popular Shiba Inu dog meme and operating on the Ethereum blockchain, positions itself as a Dogecoin competitor.

The Shiba Inu ecosystem consists of three distinct tokens: SHIB, BONE, and LEASH. SHIB serves as a decentralized currency driven by its global user community. Launched in late 2020 on Ethereum blockchain, it has gained worldwide recognition and can be used at various locations or through intermediary services for payment purposes.

Shiba Inu Price Prediction
Image via Shib Token

BONE is the governance token with a total supply of 250 million. It allows users to vote on proposals via Doggy DAO and lays the foundation for Shibarium – Shiba Inu’s L2 network. Meanwhile, LEASH offers exclusive benefits to dedicated supporters due to its limited supply of 107,646 units; these perks include increased BONE rewards for providing liquidity, Shibaswap exclusive rights to Mitsubishi NFTs and priority access to land sales within the Shiba Metaverse project.

To address Ethereum’s limitations such as slow speeds and high transaction costs, developers have created an L2 blockchain called “Shibarium.” Currently in beta testing (also known as Puppynet), it recorded over 9 million transactions between May 11th-18th according to Blockscout data. This impressive performance highlights Shibarium Beta’s potential impact on both Shiba Inu’s ecosystem and broader crypto landscape.

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