Shiba Inu (SHIB) Exec Predicts Major Win Beyond “Shitcoin”

Godfrey Benjamin
May 25, 2024
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Shiba Inu Coin Lead Reveals Game-Changing Partnership for SHIB Financial Layer

Highlights

  • Shiba Inu Executive said SHIB will win in the long run
  • The Executive used Czech Republic Ice Hockey story to showcase strength in unison
  • Shibarium, ShibaSwap are among the protocols that can drive SHIB's growth

Shiba Inu (SHIB), the second-largest memecoin in the crypto ecosystem is growing, albeit, beyond “shitcoins” many might attribute to it. The project’s marketing executive Lucie SHIB made this declaration recently on the X platform as a new effort to inject optimism into the ecosystem.

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The Shiba Inu Hockey Analogy

In order to drive encouragement into the hearts of Shiba Inu proponents, Lucie SHIB shared the story of the 1998 Winter Olympics in Nagano, Japan. This walk down the memory bears connotation to the glory in a seemingly impossible success story.

The Olympics games for Ice Hockey features the victory of Czech Republic, an underdog team against dominant sides like the United States, Canada and Russia. After a tight win against Canada in the Semi-Finals, Czech Republic went on to defeat Russia in the finals. This switch was not preconceived by anyone until the trophy was lifted.

Narrowing it down to Shiba Inu and the Shibarium ecosystem, Lucie rhetorically advised those who keep chasing shitcoins to continue. However, the Executive noted that the serious minded innovators “will keep building and collect the fruits of our seeds at the right time.”

Since Shibarium launched in August 2023, many in the community believe the growth of the L2 network remains slow-paced. The marketing executive said rather than the 30-50% growth many might have envisaged, it has different numbers in mind and will continue building until this ultimate end goal is achieved.

Recently, ShibaSwap, the dominant Decentralized Exchange (DEX) in the Shiba Inu ecosystem went live on Shibarium. This validated the Shibarium protocol as one that could power Ethereum native applications with even better efficiency.

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Protecting SHIB Users

With the prospects of Shibarium and the broader Shiba Inu ecosystem visible to developers, many are beginning to take advantage of users. In light of this, Lucie SHIB recently issued a note of caution to the community, highlighting that the highly-anticipated TREAT tokens are not launched yet.

In order not to fall victim of the gimmicks of these scammers, Lucie SHIB advised the community members to only rely on information from official media platforms.

Read More: Crypto Market Analysis: BTC Climbs to $69K, Altcoins Stagnate Amid ETF Uncertainties

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.