Shiba Inu is a cryptocurrency that originated as a meme-inspired alternative to Dogecoin. The developers behind Shiba Inu have been focused on building new utilities and features aimed at benefiting the project’s community members.
One of their major technical initiatives has been the launch of Shibarium, which is designed as a layer-2 scaling solution for improving transaction speeds and reducing fees on the Shiba Inu network.
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Shibarium officially launched on the mainnet in early 2023. However, since going live, the scaling solution does not appear to have significantly boosted Shiba Inu’s price action based on market data. SHIB team member LUCIE recently shared a tweet highlighting her thoughts on the reason for the dip in price.
LUCIE says short-term victories fade fast
In her tweet, Lucie noted that the crypto markets overall have been “a little bumpy” lately. This includes SHIB’s price dipping as part of this short-term turbulence. However, she recommended that long-term-oriented SHIB investors and community members keep perspective during periods of fluctuation.
Lucie expressed her belief that the Shiba Inu community has come a long way. She advises current holders to remain patient and positive rather than give up hope. Her statements indicate a view that crypto prices can be unpredictable in the short term. However, investors should judge on their long-term potential for real-world traction and adoption.