SHIB Jumps By 14% In A Single Day, As Shiba Inu “Worldpaper” Gets Closer

The price of Shiba Inu (SHIB) continues on its bullish run, having gathered great momentum in the past week. Following its breakthrough at the $0.000007 threshold, the token price has been on a nearly 20% price upswing.

Timeline of Shiba-inu

Shytoshi Kusama, the creator of the renowned memecoin Shiba Inu, has recently published a substantial update that provides the dog community with a great deal of thrilling news. The update contains information regarding Shibarium, the introduction of authenticated collectibles (Shibacals), and the forthcoming World Paper.

In a stunning turn of events, the crypto space witnessed a rapid reversal in fortunes for the Shiba Inu token shortly after celebrating a remarkable 15% growth. In just half an hour, everything changed as a massive sell-off sent shockwaves through the market, resulting in a significant price drop of over 2.3%.

In a remarkable turn of events, the Shiba Inu token (SHIB) has reclaimed its value, causing more than 35 trillion tokens to become profitable once again, as confirmed by crypto analyst portal IntoTheBlock. This surge in profitability is attributed to SHIB's price skyrocketing from $0.000007 to $0.0000084 over the past three days.

Shiba Inu (SHIB), widely recognized as the second-largest meme coin within the cryptocurrency ecosystem, has commenced its journey towards price recovery, in line with the broader surge experienced across the crypto market.

In a blog post published on Wednesday (21 June 2023), Shiba Inu's pseudonymous lead developer, Shytoshi Kusama, introduced Shibacals, a novel concept within the Shiba Inu Ecosystem. Shibacals aims to authenticate physical collectibles, bridging the gap between the tangible and digital worlds in a unique way.

As the Shiba Inu price skyrocketed within the past 24 hours, the SHIB army has shown a lot more activity in moving SHIB dog-themed coins to dead wallets over the same period of time, raising the SHIB burn rate quite significantly. Nearly all 341 million of the burned SHIB coins were moved out of the circulating supply for good in a single move.

Shiba Inu (CRYPTO: SHIB) surged 11% after the project's developer announced plans to introduce a new service that connects physical objects with non-fungible tokens (NFTs). Lead developer Shytoshi Kusama revealed details about the upcoming “Shibacals: Authenticated Collectibles” in a recent blog post.

Key Points: Shiba Inu ecosystem are working on a new service that will link real-world assets to non-fungible tokens (NFTs) to establish ownership as part of their Shibarium ecosystem rollout.

Shiba Inu lead developer Shytoshi Kusama recently published a new blog post about the latest developments in the SHIB ecosystem. However, while the focus of Kusama's blog post was on Shibacals, there was a more hidden news: Shibarium's partnership with AI meme token project Bad Idea.AI.

Shiba Inu (SHIB), the meme-inspired cryptocurrency, has witnessed an unprecedented surge in its burn rate with staggering 7000% rise. This triggered a remarkable 10% increase in its market capitalization and its price over a day.