Shiba Inu Takes On Fashion Industry As Designer Debuts SHIB-Inspired Clothing Line

Shiba Inu is a meme coin that has been able to make its way out of the industry and into the mainstream. It has already penetrated the payments sector with multiple crypto payment processors already accepting SHIB, as well as the food industry with the Welly's SHIB-themed fast food restaurant.

Timeline of Shiba-inu

A leading cryptocurrency hardware wallet provider plans to support Shiba Inu's (SHIB) major upgrade to the blockchain project. Ledger says plans are already underway to integrate SHIB's layer-2 blockchain called Shibarium, which is expected for release this year.

It was expected that Shiba Inu [SHIB] would see a pullback to the $0.0000115 area before a bullish continuation. However, price action developments over the past 24 hours invalidated this notion and suggested that another drop was likely.

For many crypto traders, the passion for Shiba Inu (SHIB) is as profound as their love for many of the other cryptocurrencies available on the market. The ‘SHIB army' believe in the promise of digital currency and is ready to ride out the volatility in the hope of reaping large gains in the long term.

Shiba Inu (SHIB), the second most popular and second largest dog-inspired meme cryptocurrency by market capitalization which currently lives as an ERC-20 token based on the Ethereum blockchain, has corrected about 6.7% lower in the last 24 hours according to CoinMarketCap. That pullback is in line with a broader drop in major cryptocurrency prices as trader take profit on recent long positions.

The Shiba Inu coin technical Chart showcases a textbook example of a rounding bottom pattern. In theory, this U-shaped shape structure of the pattern represents the buyers taking trend control from the seller.

Shiba Inu community's confidence in the ecosystem and lead developers are rising as they await the Shibarium Beta launch. Telegram messages by developer Shytoshi Kusama and the Unification blockchain team indicate an increase in development activity as the anticipated launch of Shiba Inu's Layer-2 blockchain solution Shibarium comes near.

Blockchain data shows that a massive Ethereum ($ETH) whale with over $500 million in total assets has now accumulated over 18.8. trillion Shiba Inu ($SHIB) tokens since they started buying the meme-inspired cryptocurrency in July 2022.

The altcoin market has been following the major cryptocurrencies in their recent rally. Shiba Inu (SHIB) is one of those tokens that maintained a solid performance in the last week.

Shiba Inu's [SHIB] performance in the last 30 days seemed to have erased the memories of the memecoin's abysmal performance in 2022. During the said period, SHIB recorded gains of 37.06%.

The meme-inspired cryptocurrency Shiba Inu ($SHIB) is currently leading the “trending” charts on popular crypto aggregator websites after it was listed on one of South Korea's largest crypto trading platforms by volume.