Shiba Inu News: In a market environment that is predominantly facing uncertainty around liquidity of crypto companies, developers continue to make progress in the background. Although the FTX collapse took the crypto market’s credibility backwards by a significant extent, it is not necessarily halting progress in terms of technology. In this context, reports suggest that the support for crypto projects from bigwigs like Elon Musk is all set to further adoption of web 3.0. It is well known that Musk is fond of popular memecoin Dogecoin (DOGE).
The impact of Musk’s social validation of DOGE is huge, so much so that it gave an entirely new dimension to the way memecoins are perceived. Meanwhile, the Shiba Inu (SHIB) developers are likely involved in a huge network upgrade that is perhaps more important than Shibarium, which is the layer 2 blockchain scaling solution of SHIB.
(by Anvesh Reddy)
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