The Shiba Inu ecosystem is constantly evolving. Although the token is trading under bearish waters, it is busy unveiling new projects that can enhance its profit-bearing credibility.
With SHIB forging new milestones with each project launch, here’s how it may perform this weekend. Will SHIB claim a new ATH by the end of this week?
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Shiba Inu Ecosystem Updates and Price Predictions
Shiba Inu: Ecosystem Update
The Shiba Inu Ecosystem is ushering in some monumental changes. These changes are major catalysts that may create a new era for SHIB. As per Lucie, SHIB’s marketing lead, the ecosystem is busy launching SHIB Socials, SHIB DeFi, and SHIB Marketplace to bolster its presence in the space.
At the same time, the platform has launched ShibTorch, a new mechanism for burning SHIB tokens in an orderly manner.
ShibTorch: Burning Tokens on Shibarium
In the crypto world, “burning” tokens means permanently removing them from circulation, typically by sending them to a burn address—a place where tokens go and can never be spent again.
Why Burn Tokens?
•Inflation Control: Helps… pic.twitter.com/sSvP6Q9fjO
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) August 16, 2024
Lucie further took to X to announce the potential qualities of the SHIBDev Portal. Dubbed a portal for developers, the platform enables app building in Shibarium, fostering a sense of community and enhancement within the Shib ecosystem.
“The Shib DevPortal is a robust platform designed to streamline the creation of decentralized applications (dApps) on Shibarium, Shib’s Layer 2 blockchain. It provides a wide range of tools and resources aimed at enhancing the development experience for both Web2 and Web3 developers.”
SHIB’s marketing lead shared on X that WoofVertise, ShibsSwap, and SHIBidentity are already in progress to enhance the ecosystem.
Also Read: Shiba Inu: Shibarium Hits Major New Milestone: Will SHIB Reach $0.01?
AI-Based Shiba Inu Price Prediction for the Weekend
According to CoinCodex, Shiba Inu may surge and trade at a price of $0.00001781, surging 27%.
For September 1st, the token can spike by 63% to hit the $0.00002290 price mark.
For September, SHIB may note a slight decline in its price. It may shed 1% to trade at $0.00001379. SHIB is currently trading at the $0.00001402 price mark.
According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to drop by -1.35% and reach $0.00001379 by September 28, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 29 (fear).
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