Expert opinion: Shiba Inu capitalization will reach $1 trillion

In recent months, meme cryptocurrency developers Shiba Inu (SHIB) have made several partnerships and updates to their products. These include a partnership with Zama, a company specializing in FHE encryption technology, as well as improvements to the scalability of Shibarium, a Level 2 blockchain.

All these actions have served as a bullish catalyst for the price of the SHIB coin, so some traders expect a rise soon. For example, investor Casey Stubbs predicts that the market value of the token will reach $1 trillion. At the time of writing, the capitalization of Shiba Inu is $11 billion.

What is the reason behind the SHIB phenomenon?

The Shiba Inu team is moving forward, coming up with new ways to attract traders to their project. Now the developers are preparing to launch a coin called TREAT. The asset will play the role of a useful token and management cryptocurrency in the new Level 3 network. Although the name of this blockchain has not been disclosed yet, it is known that it will be privacy-oriented and will be built on Shibarium.

All in all, 2024 can be called a landmark year for dog-themed meme coins. Dogecoin, Shiba Inu, and Dogwifhat have seen over 100% growth, so it’s no surprise that the industry is seeing promising new cryptocurrencies with the Doge mascot. There are now two contenders in the market that are capable of reaching the same heights after launching on exchanges.

Investments in ICOs are always associated with high risk. Developers of a new project or representatives of the platform cannot guarantee the growth of the coin’s value after listing on the exchange.

1

ByBit

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바이비트는 암호화폐 거래를 위한 편리하고 안전한 조건을 제공하며, 낮은 수수료, 높은 수준의 유동성, 시장 분석을 위한 최신 도구를 제공합니다. 현물 및 레버리지 거래를 지원하며 직관적인 인터페이스와 튜토리얼을 통해 초보자와 전문 트레이더를 돕습니다.

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바이낸스

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암호화폐 세계에서 빠르고 안전하게 여정을 시작할 수 있는 최대 규모의 암호화폐 거래소입니다. 이 플랫폼은 수백 개의 인기 자산, 낮은 수수료, 거래 및 투자를 위한 고급 도구를 제공합니다. 간편한 등록, 빠른 거래 속도, 안정적인 자금 보호 기능을 갖춘 바이낸스는 모든 수준의 트레이더에게 최고의 선택입니다!

Cryptogames are particularly popular, and combining these mechanics with memes has long been a recipe for success. Apparently, this is exactly what the developers of PlayDoge (PLAY) thought – a new meme coin that boasts a famous mascot in a classic 2D style.

The asset’s usefulness is expressed through its Play-to-Earn feature, and it is available at a low cost. The pre-sale has already raised $4.7 million, while PLAY can be purchased for just $0.0051.

The crypto-game is based on the 1990s popular Tamagotchi. PlayDoge users who wish to receive the token must care for and nurture their virtual pet. Early investors are also guaranteed the benefit of staking with a projected 154% annualized return.

Many meme tokens could quickly take over the crypto space, but only a small fraction of them offer real utility. Base Dawgz (DAWGZ), unlike its competitors, combines the appeal of “dog memes” with the ability to switch between different blockchains.

Although the token is based on Base, it is compatible with multiple networks at once. Using blockchain bridges such as Portal Bridge and Wormhole, DAWGZ holders can transact and trade the asset on Ethereum, Avalanche, Solana, and Binance.

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