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- Shiba Inu executive has highlighted the steady progress the project is making.
- Visible success points include the growing partnerships and evolution of Shibarium.
Shiba Inu’s (SHIB) marketing expert, Lucie, has disclosed key drivers contributing to a major power boost for the memecoin. In a recent post on X, the executive likened the growth of SHIB to bodybuilding.
Lucie Spills SHIB’s Power Boost
Like weightlifters progressively build muscle, Lucie reveals that the team aims to amplify SHIB’s power and push token adoption by forging strategic collaborations. The team sees these partnerships as crucial for building a solid and sustainable SHIB ecosystem.
“The more partnerships we form, the more robust and powerful $SHIB becomes,” Lucie noted.
The executive highlighted several key partnerships that the SHIB ecosystem has built. Chief among them is a recent partnership with Playside Studios on the highly anticipated Shiba Eternity game. As previously reported by Crypto News Flash, the game had over 100,000 downloads in a few weeks after launch.
Think of $SHIB as bodybuilding.
The power of $SHIB lies in its ability to form strategic partnerships and expand its ecosystem. We, the team behind it, are actively pushing the adoption of the tokens by pursuing strategic partnerships with great enthusiasm.
By forming these… pic.twitter.com/erAS1tQnA5
— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) June 30, 2024
Lucie also highlighted another collaboration that revolves around integrating liquid staking on Shibarium, the Layer-2 solution, through K9 Finance. As Crypto News Flash earlier indicated, this collaboration seeks to amplify the economic performance of Shibarium.
Another partnership pointed out by Lucie was with Zama, an open-source AI cryptography company. This focus on partnerships reflects the team’s dedication and vision for the future of Shiba Inu.
Furthermore, Lucie highlights the launch of Shibarium as an important initiative for the SHIB ecosystem. According to her, the Layer-2 protocol has a laser focus on the Metaverse and gaming applications. This is in addition to the launch of the ShibaSwap decentralized exchange, which permits users to provide liquidity and stake tokens to earn interest.
The team is actively exploring opportunities to expand the reach of SHIB, BONE, LEASH, and SHEB tokens, anticipating that this ongoing expansion will solidify SHIB’s position in the crypto space.
The Shiba Inu Ecosystem Rewards Its Users
Meanwhile, the SHIB executive recently announced a 10 million SHIB giveaway to celebrate its community members’ commitment to growth.
To participate, users must follow the mysterious SHIB lead Shytoshi Kusama and developer Kaal Dhairya on the X platform. They must also like and retweet the giveaway announcement. Finally, they should add a comment with the Shibarium hashtag and tag a friend who should follow Shiba devs.
This giveaway announcement follows impressive burn activity within the SHIB community. According to a recent Shibburn wallet tracker post, the community burned 918,079,655 million SHIB tokens in June. Essentially, this burning activity helps to reduce the overall supply of SHIB, potentially leading to price appreciation in the long run.
With a clear vision for growth, strategic partnerships, and a passionate community, SHIB is on track to be a major contender in the memecoin ecosystem. At press time, SHIB is down 0.41% in 24 hours and is trading at $0.00001702. The 24-hour trading volume and market cap stood at $160 million and $10 billion, respectively.
