The meme coin sector along with the rest of the cryptocurrency market is in a slump. But assets like Shiba Inu [SHIB] continue to gain support from its community. At press time, SHIB was trading at $0.0000216 following a 7% drop over the past 24 hours. Despite this dip, the SHIB ecosystem has been celebrating its recognition by Forbes, a major news portal.
Earlier this week, Forbes published an article highlighting Shiba Inu’s achievements in the cryptocurrency sector. The platform said that SHIB isn’t just a “pretty face” or “a joke.” Meme coins are often questioned about their utility. Forbes noted how this narrative is changing and these assets are developing real utility.
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Shiba Inu Community Reacts With Pride
While this seems like a small feat for the rest of the market, it is certainly a big achievement for the SHIB ecosystem. Lucie, the marketing specialist at the SHIB network celebrated this with the rest of the community. Sparing other details, Lucie highlighted four major points. This includes the technological innovation of the network, Shiba Inu’s partnership with Zama, creating utility as well as setting industry standards.
Lucie linked the progress of Shiba Inu to the developers working tirelessly in the network. She further wrote,
“Why am I highlighting this? Because I’m thrilled to see an objective source recognizing the developers’ hard work. Forbes points out exactly how Shiba devs are pushing $SHIB forward in the world of crypto.”
What’s in store for SHIB this June?
According to Changelly, SHIB is slated to encounter a bullish month. While the asset is currently struggling in the $0.0000216 level, it can reach a high of $0.0000405. The overall market sentiment will play a role in pushing the price of the meme coin along with several other factors.
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