SHIB Army Backs Hoichi Bridge Launch: SHIB Eyes 160% Rally to $0.0000323

Vladimir Popescu
Shib running Hoichi bridge
Shib running Hoichi bridge

Shiba Inu’s Hoichi Bridge has actually been launched on Shibarium right now, and it’s connecting over 60 blockchains along with 1,500 different tokens. The Shibarium ecosystem growth is being driven by this new development, while crypto bridge security features have been enhanced significantly. The Shiba Inu community is showing strong support for this launch, and current Shiba Inu price prediction models are suggesting a potential 160% rally that could push SHIB to $0.0000323.

Shiba Inu Hoichi Bridge Boosts Shibarium Growth And Price Potential

Shiba Inu Hoichi Bridge running
Shiba Inu Hoichi Bridge – Source: Watcher.Guru

The Shiba Inu Hoichi Bridge represents a major step forward for cross-chain connectivity, and it’s addressing some long-standing issues that have been plaguing blockchain interoperability. According to a recent Shy Speaks SHIB podcast episode featuring the project’s developers, this development is strengthening Shibarium ecosystem growth by creating smoother pathways between major networks, including Ethereum, Base Chain, and also Arbitrum.

Stan from the Hoichi team had this to say during the podcast:

“Hoichi Token was created under under those parameters, under those ideas. And the original plan was to create a smart contract where everybody has the ability to have input and to have the power to influence the decisions of the whole of the group of the community.”

Revolutionary Security Features

The Shiba Inu Hoichi Bridge is utilizing advanced Fusion DCRM technology right now for enhanced crypto bridge security. This system actually breaks encryption keys into multiple shards that get distributed across different wallets, and it requires collaborative effort from multiple key holders to process any transactions.

Stan explained the security implementation during the podcast interview:

“The Fusion DCRM tech makes it so that the bridging process, the protocol that is used is pretty much up until this point impenetrable.”

He also emphasized the community-driven nature of the security:

“In order for any transactions to occur on the Tory gateway with the Fusion tech, there must be a collaboration of those keys and those multi sigs in order to conduct any type of transactions.”

Technical Analysis and Price Targets

SHIB price prediction chart showing various timeframe targets
SHIB price prediction chart showing various timeframe targets – Source: CoinCodex

Current Shiba Inu price prediction models are indicating potential for some significant upward movement right now. The launch of Shiba Inu Hoichi Bridge is creating additional utility demand, and technical indicators are suggesting that a breakout pattern might be forming. Information about the project’s capabilities was revealed during the podcast discussion.

Stan described the bridge’s impressive scope:

“We’ve got 1500 different tokens over 60 plus block chains all connected. And we don’t want to stop there. We want to we want to bust open the bridge as wide as we can get it and make it all-encompassing.”

The bridge connects multiple major networks, which significantly expands accessibility for the Shiba Inu community. This increased connectivity could actually drive trading volume and support the bullish $0.0000323 target that analysts are projecting.

Also Read: Shiba Inu Falls 5% as 44% Burn Drop Spurs Leadership Doubts

Community-Driven Development Approach

Spotify podcast episode interface showing Hoichi developers discussion
Spotify podcast episode interface showing Hoichi developers discussion – Source: Spotify

The project emphasizes true decentralization through its DAO structure, where Shiba Inu community members get to vote on important decisions. This governance model has been fostering strong bonds since the project’s August 2022 launch, and it’s creating a more inclusive environment. Details about the community structure were shared by Lucie SHIB on X and discussed extensively in the podcast.

Samantha from the development team stated:

“We are a dao. I think that’s one of the things that attracted people to the project as well. And we have implemented different kind of voting systems where you have an extra layer of protection on top of that where you don’t have to worry about whales or somebody that could come in and take advantage of the community.”

She also highlighted the community’s resilience:

“Through the times that you know, that we’ve been together, we’ve had people stay, we’ve had people leave. But the the ones that truly believe in the project are still here. And we were fighters, you know, we just, we just keep going each day.”

The team is planning to expand beyond EVM-compatible networks, and they’re targeting Solana along with Tron integration while developing fiat on-ramp functionality. These developments could further boost Shibarium ecosystem growth and strengthen crypto bridge security standards across the industry.

Samantha outlined their future plans during the podcast:

“Right now our tech supports EVM only. We do want to expand to support non EVM. We want to be able to incorporate Solana Tron non EVM networks. And also we want to make sure that we are able to upgrade our bridge and build a better interface that’s that’s friendly and it’s safe.”

Also Read: Will Shiba Inu Coin Reach $1 Soon? SHIB Price Prediction Revealed