Shiba Inu’s Long-Term Vision: Promising Future Amid Price Volatility
Despite the recent price collapse of Shiba Inu, Lucy, the ecosystem’s marketing director, remains optimistic about SHIB’s future. She made this statement while highlighting the behind-the-scenes developments and growth occurring within the Shiba Inu ecosystem. In a recent post on X, Lucy described these developmental efforts as impressive.
The marketing executive acknowledged that while these developments might not immediately impact Shiba Inu’s price, she promised a bright future for the dog-themed token.
Moreover, she suggested that the ultimate goal is to create something extraordinary for Shiba Inu through continuous development and collaboration.
SHIB Faces Sharp Price Decline:
Addressing the current market performance, Lucy focused on SHIB, noting that Shiba Inu had suffered significant losses following the recent market downturn. The token, which soared above $0.000045 in early March, is currently down by 60.8%, trading at $0.00001762.
Earlier this week, Shiba Inu fell to a three-month low, dropping to $0.00001638 on June 24. At the current price, Shiba Inu has declined by 32.1% monthly, 28.1% over 30 days, and 42.3% in the past three months. Conversely, Shiba Inu saw a daily increase of 1.76% in the last 24 hours, with a daily trading volume of $303.09 million.
Team Focus on Long-Term Vision:
Despite the recent significant losses, Lucy revealed that the team remains focused on the long-term vision, actively working behind the scenes to ensure future success. These behind-the-scenes efforts include developing utility projects that could potentially lead to Shiba Inu’s adoption.
Specifically, the team is actively working on launching the Shibarium version of Shiba Eternity, the ecosystem’s P2E game, to test the closed beta version. Public testing is expected to follow shortly after, in the third quarter of 2024.
Read more Shiba Inu (SHIB) Strives for a Sustainable Recovery
The Shiba Inu ecosystem team is also developing its Metaverse project, SHIB: The Metaverse, with Lucy predicting it could be launched either this year or next. Another project in development is Shiba Inu’s upcoming privacy-focused L3 blockchain.
All Shiba Inu ecosystem projects are expected to drive the adoption of the ecosystem’s tokens, including SHIB, leading to a significant price surge in the long term.
Important Notice: The content presented in this article is intended for informational purposes only and should not be interpreted as financial advice. Coinshibainu.com bears no responsibility for any investment decisions made relying on the information contained herein. It is highly recommended to consult with a qualified expert or financial advisor before making any investment decisions.
