Working on a full-fledged Web3 ecosystem, Shibarium’s team lead Shytoshi Kusama hints at what’s coming up next.
Longevity in the effervescent world of crypto currency is all about revenue, not utility. That’s the latest claim by Luis Delgado, a popular crypto market observer, who received an in-depth response from Shytoshi Kusama, the leading developer of Shibarium L2.
Here’s What’s Coming For SHIB
Getting ready to unveil a fundamentals-driven plan for Shiba Inu’s (SHIB) ecosystem, Shy Kusama touted that revenue is indeed the key driver behind any crypto project, just like any other business.
However, the ultimate question remains whether “SHIB Army”, otherwise known as the Shiba Inu holder community, will be ready to run on the foundation the developers have built. To that, Luis Delgado encouraged Shytoshi Kusama with the catchphrase “if you build it, they will run”.
Indeed, Shiba Inu’s developers have been hammering away with the ShibOS operational system, which already gained critical acclaim on a governmental level in the United Arab Emirates (UAE).
Meanwhile, the broader SHIB Army is embracing the Layer-2 Shibarium chain, which currently holds $3.57 million in total value locked (TVL), according to DefiLlama’s stats.
So far, the most demanded decentralized platform is K9 Finance DAO (KNINE), responsible for liquid staking services across the chain.
Shiba Inu’s Key Levels To Monitor
Presently, the crypto bears have retreated from controlling Shiba Inu’s (SHIB) price, as the popular canine coin is enjoying a double-digit rebound this week. Conversely, the monthly perspective has been all red, as Shiba Inu (SHIB) still has to lick its wounds with a remaining 10% deficit in 30 days.
Successfully keeping above the lowest-tier green Bollinger Band (BOLL), Shiba Inu’s price has one key hurdle facing. The trading volumes kept relatively low, netting below $200 million on most days this week. On top of that, large investors, popularly known as crypto whales, have not shown huge interest in dipping their fins into Shiba Inu’s dip.
Right now, Shiba Inu’s (SHIB) price is attacking the mid-tier Bollinger Band (BOLL), portrayed in blue color. Additionally, the $0.00001219 remains the short-term target, depicted in red. These levels can assist in restoring both retail & crypto whale confidence, as only 33% of current SHIB crypto custodians are making a profit, increasing the likelihood of a major sell wall.
On The Flipside
Why This Matters
It remains an open debate if crypto success is tied to revenue more than utility, but it’s crystal clear that both are significant in order to fulfill the vision backed by a comprehensive whitepaper.
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