The entire cryptocurrency market was painted green. Most assets in the ecosystem witnessed a notable uptick over the past 24 hours. Shiba Inu (SHIB) was one among them. The asset saw a 5% uptick throughout the past day.
At press time, SHIB was trading at $0.00001393. The meme coin went from a low of $0.000013 to a high of nearly $0.000014.
Also Read: Buy Jio Financial Services Shares, Target 407: Says Analyst
Shiba Inu’s Recent Developments And Future Predictions
Introduction Of Bone Crusher
It looks like Shiba Inu was slowly moving out of its price rut. More recently, the network was seen making developments to boost the SHIB ecosystem’s utility. As an official Shib project, K9 Finance Dao introduced a liquid staking platform for Shibarium with the main net launch.
This newest offering is called Bone Crusher. Shiba users will now earn knBONE, which they can use for K9 platform farming rewards by staking their Ethereum BONE on Shibarium.
Potential Price Uptick
Through this, SHIB could witness a major uptick in its price. While the 1 cent dream has stayed strong in the community, Shiba Inu could move beyond this mark.
Also Read: Bitcoin: When Will BTC Peak? Analyst Predicts Exact Timeline
Here’s When Shiba Inu Will Hit 4.5 Cents
At its current price, Shiba Inu is currently 84% below its all-time high of $0.00008845. While this seems like a big task, the asset will take longer to hit the 1-cent mark.
According to data from Changelly, the meme coin will reclaim its all-time sometime between 2026 and 2027. The 4.5 cents mark, however, isn’t as easy as achieving its all-time high.
Telegaon data highlighted that SHIB will surge to 4.5 cents in 2040. Since this is over a decade away, Shiba Inu must patiently hold onto the asset.
Also Read: Donald Trump Buys Burgers With Bitcoin in Seconds!
Credit: Source link