Shiba Inu: Will the Popular Dog Coin Break out in 2022?

Paigambar Mohan Raj
Source: Bloomberg

Shiba Inu (SHIB) might be one of the most popular crypto tokens at the moment. It has one of the most loyal and supportive fanbases out there. Currently, there are over a million people who own SHIB tokens. However, SHIB’s lack of utility has often held it back. Nonetheless, SHIB’s upcoming releases might just change that.

New Developments

NOWPayments, the popular payment gateway, has added a new SHIB use case. The platform now allows direct Fiat currency withdrawals for Shiba Inu tokens.

NOWPayments works with Switchere to bring the auto-conversion feature to Shiba Inu holders. Nonetheless, businesses can use NOWPayments to exchange their SHIB holdings for fiat currencies.

Additionally, SHIB: The Metaverse is moving full swing ahead. The team recently announced the onboarding of David Kern to the Shiba Inu Metaverse team. Kern is the former Principle Technical Artist for Sony at Zipper Interactive.

While there, he worked on 17 video game titles. He was also the Technical Director for Technicolor Animation & Games. He recently established TOKENSOLID, a business whose goal is to create a metaverse environment for Dimensional Art & Commerce.

Upcoming Shiba Inu releases

SHIB developer Shytoshi Kusama recently published a blog highlighting all of SHIB’s upcoming releases. The first is the launch of Shiba Inu’s very own stablecoin called Shi. Shi’s mission is to counter and balance payments without being affected by market volatility.

Moreover, Kusama also stated the launch of a fourth token in the SHIB ecosystem. This coin is named TREAT and is aimed to be the new reward token.

Furthermore, fans, users, and investors are eagerly waiting for the launch of Shibarium. This is SHIB’s layer-2 protocol. With the Shibarium launch, the network will witness lower transaction fees. SHIB is also working on its very own metaverse video game. The teaser for the game was released recently.

Given the amount of development in the SHIB ecosystem, it would not be surprising if the project shed its “meme coin” status. SHIB is heading towards actual utility and use cases. And this is something to be taken seriously. Moreover, The Herald magazine recently called SHIB “Top meme coin to explode in 2022.”

At press time, SHIB was trading at $0.00001041, up by 2.9% in the last 24 hours.