Amid waves of volatility in the cryptocurrency market, the Shiba Inu price appears to be stabilizing. Meanwhile, Shiba Inu Marketing Director Lucie provided important insight into upcoming developments as she revealed the roadmap for the anticipated “journey.”
The next “Shibarium journey”
In her most recent tweet, Lucie expressed the magnitude of Shibarium’s upcoming journey. She fixed, “Undertaking the Shibarium journey is a big task that requires a lot of time and commitment. Our goal is to create exceptional decentralized applications (dApps) that people will love and use.”
When putting together the roadmap, Lucie delved into the multi-faceted strategy that Shiba Inu plans to implement. She highlighted the important plans in store for the development of the project’s tokens, SHIB, BONE and LEASH. Lucie underlined the goal of ensuring that these tokens “are not only valuable but also have great utility within our ecosystem.” These improvements are expected to attract more users and investors, thus amplifying the benefits to the Shiba community.
On the topic of decentralized applications, Lucie emphasized her focus on creating “exceptional dApps that will revolutionize the decentralized world.” According to her, the upcoming dApps will be designed to be user-centric, innovative and meet community demands.
Lucie also touched on the virtual realms the team is focused on: the Shiboshi NFTs and the SHIB Metaverse. She believes these virtual environments “will serve as vibrant hubs for our community to connect, interact and explore.” By shaping immersive and engaging online spaces, Lucie envisions fostering a deep sense of community.
Lucie concluded her tweet by affirming commitment to growing Shibarium as an L2 solution, stating, “Our firm commitment to building Shibarium as a successful L2 solution remains unwavering.”
She defended the collaborative and innovative spirit that forms the basis of tokens and the burgeoning Shibarium ecosystem, saying:
This journey, marked by collaboration, innovation and dedication, is the foundation of the triumph of our tokens and the thriving Shibarium ecosystem. Together, we are shaping the future of decentralized applications, one innovative step at a time. #ShibariumTravel
However, not all members of the SHIB community agree with the project’s current trajectory. A remarkable cheep from @a_king_li reads: “@ShytoshiKusama: L2 was launched two months ago and there are no major projects, no good ecosystem, and no reliable exchange. As a responsible official, should we publish some official cooperative ecosystems or exchange them, so that funds can arrive with peace of mind?
The concerns mainly arise from the absence of a major dApp on Shibarium, as Lucie mentioned. Notable projects like ShibaSwap and Metaverse are not yet operational on Shibarium. Additionally, a decrease in Shibarium user and transaction statistics has been observed. After an initial buzz with over 200,000 daily transactions following launch, recent numbers are hovering around just under 10,000 transactions per day.
Shiba Inu price stabilizes
The stagnation in Shibarium development may be a contributing factor to the dissatisfaction of some community members, as well as the recent SHIB price action. As detailed in our latest in-depth analysis, SHIB price is currently moving on decisive technical bases, influenced by two important chart patterns.
On the 1-week chart, SHIB is showing a promising quad bottom formation, indicating a potential bullish rally of up to 250% if realized. In contrast, a descending triangle pattern, which has evolved for 60 weeks, suggests a bearish slowdown. This is highlighted because SHIB price, currently at $0.00000682, has fallen below the crucial descending triangle neckline of $0.00000715.
For now, SHIB has stabilized and recovered slightly, having fallen to $0.00000671 yesterday. Hope also comes from previous cases, such as the June drop followed by a 59% rebound, suggesting the possibility of a quick recovery.
However, for this to happen, SHIB needs to record a weekly close above $0.00000715 this week or next. This could consolidate the quadruple fund’s bullish trajectory. In case the scenario does not play out, SHIB could fall back towards the yearly low of $0.000006.
Featured image from Shutterstock, chart from TradingView.com
