Highlights
In the ever-evolving crypto domain, Shibarium positions itself as a promising contender amidst the ongoing Bitcoin bull run and the surge of inflows into the crypto market. Moreover, Lucie, a Shibarium representative, noted that the ecosystem is bracing for what it believes will be a monumental victory in the face of these market dynamics.
In a recent post on X, Lucie emphasized the significance of the current Bitcoin (BTC) bull run for Shibarium. She stated, “When the bull run hits, money flows into big players like Bitcoin and major altcoins. Then, it starts trickling down to smaller gems like Shibarium. That’s when we’ll truly shine!” This acknowledgment underscores Shibarium’s strategic positioning to capitalize on the broader market trends, leveraging the momentum generated by Bitcoin’s upward trajectory.
Amidst this backdrop, Shibarium’s collaborative approach to innovation within the Layer 2 solutions space becomes even more crucial. Furthermore, Lucie noted that the platform’s strategic partnerships with industry leaders reflect its commitment to navigating the evolving crypto landscape. In addition, she added that an “underdog” like Shibarium is also worth supporting since it “walks like the winner already.”
With assets like Shiba Inu (SHIB), Bone (BONE), and Doge Killer (LEASH) on its network, Shibarium is well-equipped to thrive in the current market environment. In addition, the community’s unwavering support, combined with strategic partnerships and a clear roadmap for development, positions Shibarium for success.
Also Read: Breaking: Bitcoin Leads With $1.09 Bln Inflow Amid Bullish Outlook On ETH & ADA
A recent report from CoinShares highlights significant weekly inflows of $1.1 billion into digital asset investment products. This surge has boosted year-to-date inflows to $2.7 billion. Moreover, it propelled total assets under management (AuM) to $59 billion, which is the highest level since early 2022.
The limelight is on the newly launched Spot Bitcoin ETFs in the U.S., which attracted a noteworthy $1.1 billion in net inflows just last week. Since their launch on January 11th, these ETFs have amassed inflows totaling $2.8 billion, signaling strong investor interest in Bitcoin exposure within the traditional financial infrastructure. Bitcoin remains the dominant force in attracting investor funds, capturing nearly 98% of the total inflows.
Also Read: Shiba Inu Burn Rate Jumps 130% With 56 Mln SHIB Burnt This Week
Bitcoin and Ethereum saw a remarkable surge after weak US jobs data and cooling inflation…
South Korea has lifted its 2018 ban that barred crypto-related companies from receiving venture capital…
The U.S. Bureau of Labor Statistics (BLS) is slated to release the Consumer Price Index…
Avalanche Foundation aims to raise $1 billion to establish cryptocurrency-focused treasury companies in the U.S.…
Largest meme coin, Dogecoin (DOGE), has been leading the crypto market rally today, extending its…
In the latest Ethereum news today, top Ethereum treasury companies Bitmine Immersion and SharpLink Gaming…