Shiba Inu, the self-proclaimed “Dogecoin Killer”, continues to gain attention from crypto enthusiasts as BitMEX co-founder Arthur Hayes joins the chorus of praise for the launch of SHIB Names. Despite a recent cooling in SHIB’s rally, excitement lingers, fueled by the introduction of this long-awaited development within the Shiba Inu ecosystem.

Besides, the meme coin buzz has been witnessed in the market lately, as evidenced by the surge in their prices in recent days.

BitMEX’s Arthur Hayes Joins the Chorus

BitMEX co-founder Arthur Hayes added his voice to the chorus of approval, amplifying optimism surrounding Shiba Inu’s latest update. Sharing D3’s announcement of early access to SHIB Names, Hayes underscored the growing influence of “dog money” in shaping the internet’s future, echoing sentiments shared by enthusiasts and community members alike.

The commendation from Hayes not only validates the significance of SHIB Names but also signals a broader acknowledgment of Shiba Inu’s evolving ecosystem within the crypto sector. As excitement mounts among market enthusiasts and within the Shiba Inu community, the launch of SHIB Names marks a pivotal moment in the meme coin’s journey toward mainstream adoption and utility.

Besides, with the “dog money” reference, the market experts are also anticipating it as an endorsement for other dog-themed meme coins like Dogecoin, dogwifhat (WIF), and others. For context, Arthur Hayes has previously lauded the WIF rally, which has also sparked optimism in the crypto market.

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Shiba Inu’s SHIB Names Launch Marks Milestone

The Shiba Inu community celebrated a significant milestone with the official launch of SHIB Names, a venture aimed at revolutionizing the community’s foray into Web3. Partnering with D3 Inc., a DNS domain company, Shiba Inu aims to empower its members in navigating the decentralized web space, ushering in a new era of innovation and accessibility.

Meanwhile, Shiba Inu led Shytoshi Kusama lauding the development also bolstered optimism among the market participants. In a recent X post, he emphasized the development as a milestone for the meme coin’s ecosystem.

In other words, the endorsement of Shytoshi Kusama further underscores the significance of this development. Kusama’s comparison of “*Shib” to “.com” reflects a bullish sentiment, hinting at the potential of SHIB Names to become a ubiquitous presence in the digital landscape, akin to the iconic domain extension.

However, as of writing, the Shiba Inu price was down 17.77% to $0.00003178, with its trading volume falling 58% to $5.31 billion. However, over the last seven days, the meme coin has added nearly 130% to its current price.

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The post Shiba Inu: BitMEX’s Arthur Hayes Lauds SHIB Name Launch appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am