Shiba Inu Recovers More Than 20% as Shytoshi Kusama Highlights Crucial Partnership
Amid the recent developments witnessed in the shiba inu ecosystem, the price of the meme coin jumped over 20% today, February 29, attracting the attention of crypto market enthusiasts across the world. On a related note, Shiba Inu lead developer Shytoshi kusama shared a post about X, drawing attention to the developer’s vital partnership for meme money. With this partnership, the Shiba crypto community engages in revolutionary encryption and privacy within its ecosystem. Meanwhile, the developer also shed light on the latest release of The Shib magazine, spawning more bullish thoughts on the Shiba Inu token.
A Closer Look at Kusama’s Post and Shib Magazine
Shytoshi Kusama’s latest post In parallel, Kusama highlighted the merger with Zama, a cryptography company that supports FHE (Full Homomorphic Encryption) solutions for blockchain and AI. With the aforementioned partnership, the community aims to create an impenetrable cryptographic blanket for transactions on their blockchain.
Our latest partnership is a HUGE one. Pay close attention to why Encryption and Privacy are important to the Shib Ecosystem and its state!
#SHIB #time #FHE
— Shytoshi Kusama(@ShytoshiKusama) February 28, 2024
Moreover, with the reveal of the latest issue of The Shib magazine in Kusama’s post, the numerous new features of the Shiba Inu appearing on the crypto horizon have sparked additional curiosity among traders and investors in the crypto world.
The community offered the first 3000 users a chance to get the fourteenth cap NFT for free. Meanwhile, in line with the merger of D3 Inc., all of the highly anticipated name tokens will be announced on March 5.
Additionally, the upcoming launch of KNINE, reflecting the partnership with K9 Finance, has increased market optimism for Shiba Inu. The merger with crypto wallet services platform Tangem, which appeared in The Shib magazine, also attracted attention. According to the community, Tangem began integrating Shibarium, Shiba Inu’s L2, aiming for revolutionary security and greater scalability for L2. In particular, sharbi‘s FETCH bridge, which facilitates seamless bridging across Shibarium, arbitrum, and Ethereum, appeared in the latest edition of The Shib, generating additional bullish thoughts.
Collectively, these developments, along with many others listed on The Shib, appear to be leading to great optimism for the Shiba Inu token, as evidenced by the phenomenal pump witnessed by SHIB today.
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Shiba Inu Price Is Rising
As of the time of writing, the Shiba Inu price has recorded a phenomenal rise of 21.54% in the last 24 hours and is currently trading at $0.00001321. The market value and 24-hour trading of the Meme coin also increased noticeably, with an increase of 20.99% and 66.60% as of the time of publication.
This phenomenal rally appears to be due to a flurry of recent breakthroughs marked by the Shiba Inu crypto community, including the recent SHEboshi launch. Coinglass’ data also pointed to a bullish trend for the meme coin in the market, consistent with SHIB’s pump. Open interest increased significantly by 25.96%, while volume skyrocketed by 127.11%.
Also Read: Bitcoin (BTC) Price Faces Rejection at $64,000, Per US Government Decision. $1 trillion moved in BTC
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