Cardano

Summer

Read

Shiba Inu

Memecoin

<ul> 
 <li>Lucie highlights SHIB’s deflationary mechanism but remains cautious about promising value appreciation.</li> 
 <li>The Shibarium Layer 2 solution aims to decrease SHIB’s circulating supply through a token burn.</li> 
 <li>SHIB ascends in market capitalization, gaining acceptance among thousands of global retailers.</li> 
</ul> 
<p>Lucie, Shiba Inu’s Marketing Officer, has distilled key insights from the SHIB paper, revealing a nuanced view of SHIB’s future. The token’s deflationary aspect, enabled by the Shibarium Layer 2 solution, is certain to reduce its circulating supply. Yet, Lucie cautions that this doesn’t assure an increase in SHIB’s value.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> IS, AND ALWAYS WILL BE, OUR<br>CORE<br><br>Our heartbeat, our collective rhythm, resonates in one token:<a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> . <br><br>With thousands of retailers worldwide that accept Shib, and it's current top 15 rank, while being up 15 MILLION percent as of the drafting of this charter in it's… <a href="https://t.co/m0NfV2cTP3" rel="noopener noreferrer nofollow">pic.twitter.com/m0NfV2cTP3</a></p>— 𝐋𝐔𝐂𝐈𝐄 | Summer of Shibarium (@LucieSHIB) <a href="https://twitter.com/LucieSHIB/status/1696796084511584684?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 30, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>The Shibarium Layer 2 plans to burn substantial amounts of SHIB by converting gas fees paid in BONE. This will lock trillions of SHIB in inferno wallets indefinitely. Despite this, the correlation between the decrease in supply and an increase in value remains murky. Lucie’s comments come as SHIB solidifies its standing as the 15th largest cryptocurrency by market cap and gains widespread acceptance among retailers.</p> 
<p>Given its deflationary mechanism, investors should tread carefully, understanding both the potential and pitfalls. Nevertheless, Shiba Inu and SHIB continue to make strides in the crypto landscape, promising a vibrant future for those who dare to engage.</p> 
<p>As for the future of Shiba Inu and SHIB, the token appears poised for an eventful journey. As it gains acceptance and utility, especially among retailers, it might very well become an essential player in the ever-evolving crypto space.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/shiba-inus-positive-outlook-amid-stagnant-trend-shib-is-not-a-pump-and-dump-scheme/" rel="noopener noreferrer nofollow">Shiba Inu’s Positive Outlook Amid Stagnant Trend: SHIB is Not a Pump-and-Dump Scheme</a></li> 
 <li><a href="https://cryptonewsland.com/cardano-altcoin-opportunities-community-insights/" rel="noopener noreferrer nofollow">Surge in Cardano Altcoin Opportunities: A Call for Community Insights</a></li> 
 <li><a href="https://cryptonewsland.com/why-smart-investors-are-eyeing-xrp-now-insights-from-renowned-analyst/" rel="noopener noreferrer nofollow">Why Smart Investors are Eyeing XRP Now, Insights from Renowned Analyst</a></li> 
 <li><a href="https://cryptonewsland.com/shiba-inu-shib-is-no-longer-classified-as-a-memecoin/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB) Is No Longer Classified as a Memecoin</a></li> 
 <li><a href="https://cryptonewsland.com/shiba-inu-shib-will-be-next-to-run-with-the-bulls/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB) Will Be Next To Run With The Bulls</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/shiba-inus-marketing-officer-drops-major-shib-insight/">Shiba Inu’s Marketing Officer Drops Major SHIB Insight</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Shiba Inu’s Marketing Officer Drops Major SHIB Insight

Crypto News Land

Other articles published on Sep 1, 2023

While Solana and BNB Trend Parallel, Borroe Shatters the Red Price Barrier

SWIFT dan 10 Bank Internasional Uji coba Tokenisasi, Gandeng Chainlink

Futuristic Fusion: Empowering NHL Betting with Smart Contracts and Betting Trends

Over $208,000,000 in Bitcoin Transferred to This Exchange, Just as Monthly Candle Closed Bearish

Best Crypto Presales of 2023: A Close Look at the Top Cryptocurrency Presales this Year

To celebrate the grand launch of HashKeyExchange and our partnership with HelloHashKey, FBBank_cc!

Join our free newsletter for daily crypto updates!