In a bid to boost optimism, Shiba Inu, the self-proclaimed Dogecoin killer, recently unveiled the newest edition of its magazine, ‘The Shib,’ spotlighting pivotal cryptographic ventures for the dog-based meme coin. This garnered significant attention among crypto market traders and investors globally as SHIB, the native token of the Shiba Inu ecosystem, witnessed a substantial drop in it’s price recently due to market corrections.

Coming in tandem with SHIB’s plunge to $0.000026, the newly released magazine spotlighted a plethora of developmental endeavors for Shiba Inu’s ecosystem, encompassing NFTs, collaborative measures, and many other ventures the meme coin’s community embarked upon. This added a tint of optimistic market sentiments for Shiba Inu, piquing the broader crypto market’s attention.

‘The Shib’ 19th Edition: Diving Deep

Intriguingly, the 19th edition of Shiba Inu’s magazine primarily spotlighted three vital quests for the meme coin. Among these three, the one that nabbed significant investor attention was K9 Finance’s DeFi vision, followed by the TFW (Tutti Frutti Women’s) NFT collection and Shiboshis’ creator’s vision for the NFT space.

Notably, per the magazine, K9 Finance recently ruled out a blueprint for a tri-phase product launch that further resembles the DeFi platform’s evolutionary journey throughout Shibarium, Shiba Inu’s L2. K9 Finance’s journey is all set to begin with the launch of Hesper on Testnet in late Q2. This will be followed by K9 Finance’s transition to Boro, which will launch on Mainnet in Q3, and finally, Caninae, the finalization of the K9 Finance product in Q4. This post nabbed significant attention among crypto market enthusiasts, although the community offered no additional details on the product launch.

Meanwhile, Dark Flower, the visionary writer and producer of Shiboshis: The Beginning, a blockchain-based comic book casting Shiboshi NFTs as comic characters, expressed immense optimism about the limitless potential of amalgamating blockchain technology with creative pursuits, hinting at another book in the works.

Moreover, another post in The Shib drew keen attention to Tutti Frutti Women (TFW) NFTs, which stage as a beacon of empowerment for cancer warriors. Ever since its inception into Shibarium in January 2024, the TWF project has made significant strides, minting 116 out of 5,000 NFTs and burning 1.5M $SHIB, per the magazine’s post. This further underscored Shibarium’s rising popularity despite the NFT market slump witnessed in today’s era.

Additionally, TFW’s milestones now revolve around every 100 mints, when the project supports a warrior, unlocks 500 $BONE for holders, and gives away various NFTs from other projects. At 500 mints, TFW burns 1% in $SHIB, and at 1,000 mints, it introduces staking. This is collectively attributed to the storm of breakthroughs TFW showcased within Shiba Inu’s ecosystem.

However, the meme coin contrastingly continued taking a bearish stage today, resulting from market corrections, as mentioned above.

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Shiba Inu Slips

As of writing, the Shiba Inu token’s price has noted a substantial 4.91% dip over the past 24 hours and is currently trading at $0.00002595. The bearishness birthed with this drop further anchored itself, as the SHIB’s market cap slipped 4.92%, followed by a 30.45% plunge in 24-hour trading volume.

However, with staggering developments happening within Shibarium, with some also looming over Shiba Inu’s cryptographic horizon,  as mentioned in ‘the Shib,’ cushioned prices for the token remains much expected among crypto market enthusiasts. Moreover, with the Shiba crypto community’s continued efforts to jack up the SHIB tokenomics, as seen by continued burning of Shiba Inu tokens, ,the broader market expects the token to reflect rising price actions in the long-term.

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The post Shiba Inu Unveils Newest Edition of ‘The Shib’ Magazine, K9 Plotting Something Big? appeared first on CoinGape.

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