Key Takeaways
- Shytoshi Kausama claimed that Shibarmy will achieve the same product market fit differently. This remark is focused on TRON’s native coin.
- TRX-based USDT is more adopted than ETH-based USDT because of its low-cost fast stable coin remittance in global markets.
- The marketing Shiba Inu Lucie recently revealed that the total value locked on Shibarium hit an all-time high at $ 8.75 million
The lead developer of Shiba Inu Shytoshi Kausama praised TRON’s Justin Sun on Tuesday over the recent milestone achievement of the blockchain. He highlighted that TRX product market fit (PMF) in stable coin use cases, emphasizing the pioneering stance of the network as a decentralized, fast, and adorable solution.
The developer claimed that Shibarmy will achieve the same product market fit differently. Market watchers speculate that the broader industry will focus on the launch of tokens shortly ahead.
Shytoshi Kausama replied to an X post by Justin Sun stating that Justin Sun has been a big inspiration for him from the beginning and he is proud to see the achievements of Justin Sun in creating a product market fit in that space. This remark is focused on TRON’s native coin. The native coin TRX achieves strong product market fit in stable coin use cases.
The TRONS blockchain is 92% of US dollar transactions and hosts a sum of $60 billion in US dollars. The market capitalization is only $17 Billion This is an indication that TRX-based USDT is more adopted than ETH-based USDT. It offers low-cost fast stable coin remittance in global markets.
Speculations of TREAT Token launch
Treat ($TREAT) token is a new addon to the Shiba Inu ecosystem. The developers envision a token with a vision of globalized exchange of value, where the core tokens of the platform perform their functions. The $TREAT token will serve multiple purposes providing liquidity to the $SHI stablecoin. It is also going to replace the $BONE token as a reward for ShibSwap. The token also provides rewards for Metaverse and the blockchain versions of the Shiba Collectable card game.
Justin Sun showcased immense optimism after pointing to this achievement. The achievement is further highlighted by Shytoshi Kausama indicating that the SHIB ecosystem also aims to achieve the same product market fit differently. This statement provides hints about a looming achievement for the dog-themed coin. This can be considered as a hint that the TREAT token launch further supports the SHIB ecosystem.
In the middle of this increased optimism by considering above mentioned developments there is a substantial increase in layer 2 network Shibarium’s Total value locked. This has created a market enthusiasm around the meme coin. The marketing head of the meme coin LUCIE recently revealed that the total value locked on Shibarium hit an all-time high at $ 8.75 million. The data creates a positive optimism about the future of the coin.
SHIB: Current Price Analysis
At the time of reporting the SHIB price is traded at $0.00002437 and its 24-hour high and low were $0.00002436 and $0.0000264, respectively. The market capitalization of the token is $14,363,631,026.The 24-hour trading volume of the token is $1,246,989,682. The circulating supply of the coin is 589,260,295,554,104 and a total supply of 589,512,446,631,622.
SHIB: Historical price analysis
The highest price for Shiba Inu (SHIB) is $0.00008616 and the lowest price for Shiba Inu is $0.00000000005637. The current price is 43,046,626.76% higher than the all-time low price. Shiba Inu can be traded on centralized crypto exchanges. Binance is the most popular exchange for trading the crypto. The most active trading pair is SHIB/USDT. Other exchanges for trading SHIB include OKX and DigiFinex.
SHIB Recent Price Fluctuations
Crypto enthusiasts are eagerly watching the dog-themed meme coin in the middle of a highly bullish Q4. The monthly chart of the token indicates a gain of 48 %. The optimistic sentiment on the token is created as a result of the broader bullish movements accompanied by plans. Shiba Inu is focusing on further gains by burning the supply of the coin. The market expectations remain bullish followed by the recent ecosystem developments.
