Altcoin
What Is ShibDev Portal? Shiba Inu Coin Price Path To $1 On Shibarium Development
Shiba Inu coin’s marketing lead Lucie on Thursday shared vital insights into the ShibDev portal, “a key enabler for developers to build on Shibarium.” The marketing lead took to X, revealing how the portal revolutionizes building on Shibarium, Shiba Inu ecosystem’s Layer 2 blockchain. Notably, Lucie spotlights that the portal enhances security, performance, while also providing a seamless development experience on the ecosystem, among other things.
Meanwhile, the broader market speculates whether this ecosystem development could propel a SHIB price rally to $1.
What’s ShibDev Portal? Shiba Inu Exec Reveals Crucial Insights
As per an official post by Lucie dated September 5, the ShibDev portal comes with a top-notch suite of tools and resources that enable seamless dApp building across the ecosystem. These tools range from API management to node access, with the portal standing at the forefront of the development.
The core features of the Shibarium portal includes a centralized dashboard, API key management, node access, on-chain data access, and a test token faucet. Further, Lucie’s post highlighted that users are set to experience a simplified development experience with diverse use cases and applications on Shibarium.
ShibDev portal’s branches stem out to DeFi, NFT marketplaces, supply chain tracking, identity verification, and cross-chain interoperability, among other things. Meanwhile, Lucie’s post added that, “Looking ahead, the portal will continue to evolve as new features are added and feedback from the developer community is incorporated.”
Overall, the development has garnered significant attention across the broader industry, igniting optimism for Shiba Inu coin’s future. Simultaneously, the coin today soared nearly 2%, sparking investor curiosity over future movements in light of the development.
SHIB Price Soars, Is $1 Possible?
SHIB price gained over 2% in the past 24 hours to trade at $0.00001328 while writing. The coin’s intraday lows and highs were $0.00001307 and $0.00001367, respectively.
However, Coinglass data today illustrated a nearly 6% fall in the asset’s futures OI to $26.09 million, sparking contrasting sentiments despite the abovementioned development. Notably, the coin’s futures OI saw a remarkable decline as August ended and September kicked off.
Moreover, even SHIB’s RSI stood at 46, indicating some downside pressure on the asset. This hints that the token could potentially fall further, losing support of $0.00001250. Altogether, despite the ShibDev portal garnering attention, the chances of Shiba Inu hitting $1 this year remain shrouded in an enigma.
Coingape Staff
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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