Shiboshi NFTs are receiving a significant upgrade on Shibarium.
The SHIB price has returned to positive territory following developments in the ecosystem.
The Shiba Inu (SHIB) team is preparing to release new updates for Shiboshis, Ethereum-based Non-Fungible Tokens (NFTs) on Shibarium. These updates are designed to bring new opportunities and exciting ways to interact within the SHIB community. With recent ecosystem developments, community members are now speculating on the future price movement of SHIB.
Key Changes to Shiboshis
Lucie, the Marketing Lead for Shiba Inu, took to the X platform to outline the new features for the Shiboshis NFTs on the ecosystem’s Layer-2 solution Shibarium. The first feature highlighted by Lucie is enhanced utility, aiming to create more value and ways for users to participate in the ecosystem.
Lucie also emphasized the introduction of exclusive events and rewards as a second new feature for Shiboshis. This feature incentivizes Shiboshi holders, allowing them to earn rewards and connect within the community. The team hopes this will encourage more users to engage with the blockchain. Additionally, Shiboshis are expected to play a significant role in future expansions across the Shib ecosystem, offering unique interactions and potential benefits for community members.
The Marketing expert also mentioned that the team will focus on lowering gas fees while gradually bridging on the network. She advised users to follow Shiboshi holders on Discord for tips on how to bridge for as little as $2.
The recent update comes shortly after the team introduced a new game called Shiboshi Rush to the community. As CNF reported, the game takes players on an exciting adventure as the Shiboshi army faces off against the Shadowcat army.
Is SHIB Set for a Bullish Rally?
The recent ecosystem development has had a positive impact on SHIB as the price shows signs of rebound. As of now, SHIB is trading at $0.00001705, up 3% in 24 hours. The 24-hour trading volume has also increased by 25.15% to $197.3 million, indicating renewed interest from investors.
Crypto market participants remain optimistic about the memecoin’s long-term prospects, citing recent advancements, crypto whale actions, and a favorable chart setup. In addition, SHIB has seen reductions in supply due to a surge in the token burn rate, which has had a positive impact on the coin’s future. Speculations regarding the issuance of an Exchange-Traded Fund (ETF) have also increased optimism about SHIB’s future price movements.
As CNF previously reported, Lucie has expressed her opinion that a SHIB ETF may be issued soon. Analysts estimate that SHIB’s market capitalization might increase by an additional $315.65 billion if a potential ETF receives 50% of Bitcoin’s capital inflows.
