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Shiba Inu (SHIB), the popular meme coin, defied expectations last week with a bullish 14% surge. This upswing comes as the SHIB network actively sheds its “meme coin” label and embraces a future as a utility token.
The network’s focus on expanding its ecosystem and integrating real-world use cases fuels the community’s belief in a significant price rise. SHIB enthusiasts are not only aiming to crack the 1 cent barrier but also dream of a monumental leap to 4 cents per token.
Currently, SHIB trades at $0.00001498, reflecting a modest 1% daily gain. This recent uptick aligns with the broader market’s positive trend and the network’s exciting announcement: the launch of a Decentralized Autonomous Organization (DAO).
Lucie, the Shiba Inu’s pseudonymous marketing head, revealed over the weekend that the team is establishing a DAO. This will empower SHIB holders to directly influence the project’s future by voting on upcoming initiatives.
SHIB already thrives on a strong community-driven foundation. The introduction of a DAO has the potential to significantly impact the token’s price.
However, reaching the ambitious 4-cent mark necessitates a staggering 266,554% increase from SHIB’s current price. Realistically, achieving this feat won’t happen overnight or even within the next year. Data from Telegaon suggests this milestone might be reached sometime between 2035 and 2040.
While the road to 4 cents is undeniably long, the potential benefits for patient SHIB holders remain substantial. The network’s dedication to utility and community engagement paints a promising picture for the future of SHIB.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
