The price of the Shiba Inu coin can significantly increase anytime soon, and the catalyst for this was the launch of the long-awaited decentralized exchange (Dex) ShibaSwap. Shiba Inu, like other altcoins, is now in the bear market networks, where a clear downward trend is visible, After Bitcoin declines, it naturally pulls all other altcoins, in particular the SHIB coin.
Now, the meme coin is trading at the level of 0.00000080 and it is clear that the digital asset has fallen by 8% over the past day. The potential killer of Dogecoin rose in price by more than 6% immediately after the launch of the decentralized exchange. In addition, the Shiba Inu cryptocurrency was added to the platform Shopping.io and now buyers can make purchases and conduct transactions on huge global marketplaces, such as Amazon and eBay.
This news can also become a significant catalyst for the Shiba Inu coin's upward trend. The decentralized ShibaSwap platform now allows users to conduct transactions and small trades, which can serve to attract significant interest from institutional investors.
The developers also said that they are working on another digital token, which will be called BONE, and in the very near future they said that the capabilities of the Shiba Inu digital currency will be significantly expanded with NFT through the decentralized ShibaSwap platform - and all this will be this summer.
Not so long ago, Shiba Inu was considered some kind of meme and just a joke, but now, many people can consider the token seriously as a real digital means of payment. Shiba Inu coin can significantly increase in price in the future, namely within 5 years, and even overtake Dogecoin with the proper development of the decentralized ShibaSwap platform.
The intense consumer interest in this digital currency is clearly visible. And after adding it to the platform Shopping.io with the possibility of paying for it on a platform such as Amazon, interest in the currency has significantly risen. This can serve as a huge catalyst for the demand, popularity, and consolidation of the SHIB cryptocurrency in the very near future.
The material has been provided by InstaForex Company - www.instaforex.com