Altcoin
What Is ShibHub? Shiba Inu Lead Shares Key Details
Shiba Inu’s lead developer, Shytoshi Kusama, has recently shared vital insights on ShibHub, a super app a.k.a. ‘the heart of the Shiba Inu ecosystem.” Speaking at this month’s ETHToronto conference, the project lead introduced the super app that the crypto community initially got a glimpse of the previous year. Meanwhile, Kusama also broke silence on revealing his identity recently, a topic that currently remains shrouded in enigma.
These developments have collectively garnered noteworthy attention to the native token of the ecosystem, SHIB.
Shytoshi Kusama Rolls Out Details On ShibHub
Speaking at this year’s ETHToronto conference, Kusama revealed how the super app is not only a platform, but a “self-sustaining digital nation within the Shiba Inu ecosystem.” The app comes as a mover to enhance user appeal by collectively facilitating earning, learning, connecting, and creating a decentralized environment on Shibarium, the dog-themed meme coin‘s Layer-2.
The ShibHub app’s dashboard offers a customizable view of users’ assets, community feeds, NFT marketplaces, events, and news, all in one place. Further, the platform also enhances social networking for users, leveraging Web3. Community members can share thoughts, connect with friends, and engage in discussions, enjoying traditional social networking features on a blockchain-based platform.
Additionally, the super app also takes DeFi to the next level with unique tools for users, facilitating a seamless and revolutionary range of financial opportunities. These include activities ranging from token staking to NFTs trading. Also, the community hasn’t forgotten about Web3 gaming enthusiasts, offering a plethora of Web3 games in-portal.
Simultaneously, the project’s lead developer, Shytoshi Kusama, talked about revealing his identity recently. Speaking in an interview at Arabian Business, the dev hinted that he currently has no plans to reveal his identity. Further, the lead dev also drew attention to SHIB’s phenomenal global presence without needing a face reveal of who’s behind the project.
SHIB Price Slips
However, contrary to the abovementioned ShibHub development, SHIB price slipped 1.46% over the past day to reach $0.00001338. Its intraday lows and highs were recorded as $0.00001302 and $0.00001358, respectively.
Despite Shiba Inu’s community witnessing remarkable advancements in recent days, the coin struggles to gain an upward trajectory. Besides, Coinglass data spotlighted a significant 7.58% increase in the token’s futures OI and an 89% upswing in derivatives volume. This data sparked contrasting market sentiments among global crypto enthusiasts.
Additionally, the RSI moved along 38, underscoring downside pressure on the asset today. Altogether, the current market sentiment orbiting SHIB remains uncertain despite recent Shibarium and related developments.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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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