SHIB, popularly known as Shiba Inu token, has skyrocketed yet again. This surge has brought great attention towards the coin. Matter of fact, CoinGecko has stated SHIB has now flipped DOGE, Dogecoin, and made it into the top 10 cryptocurrencies.
CoinGecko records also show that Shiba Inu’s 24-hour transaction volume has surpassed that of a majority of other coins listed in the top ten. This has led to a surge in the coin’s price to an all-time high of $0.000059. It has also caused a spike in this token’s on-chain activity.
Shiba Inu Anticipating The Doggy DAO Planned Upgrade
Now Shiba Inu wants to introduce Doggy DAO to their ecosystem. This, is the next big thing for this popular coin. After the upgrade, it will be possible for BONE token holders to propose suggestions and vote.
That said, this price surge and exploding on-chain activity is a result of several factors. Among these factors are ever-growing returns in SHIB-WETH pools, scheduled upgrades like Shibarium. Another key factor is the rapidly growing market capitalization.
Doggy DAO’s greatest advantage is the completely decentralized governance it will bring. First, it will lead to a growing number of holders’ and traders’. Furthermore, this will most likely result in an increase of SHIB wallet addresses, SHIB’s trading activity.
According to acclaimed cryptocurrency analyst and YouTuber, December DeMarco SHIB can get to $0.01 in the near future. Other analysts also seem to be of a similar opinion, and Shiba Inu also remains highly optimistic.