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Crypto: Binance Prepares a Surprise for the Shiba Inu Army

Mon 15 Jul 2024 ▪ 3 min read ▪ by Mikaia A.
Getting informed Altcoins

The Shiba Inu team is preparing a surprise for the ShibArmy, and it’s Binance itself that is promoting it. The world’s largest crypto exchange platform has published an enigmatic image that has the SHIB community drooling. The future of Shiba Inu could take an exciting new turn with some juicy new developments on the horizon.

Paquet de cadeau avec logo de Binance et chien Shiba Inu

Binance and Shibarium: Towards a New Evolution?

There are new developments at Shiba Inu apart from the recent public appearances of Shytoshi Kusama. Indeed, the Shiba Inu community is buzzing after Binance’s teaser showing a Shiba Inu alongside two oranges on a suitcase.

Some speculate on a possible integration of Shibarium, the Shiba Inu layer 2 solution aimed at improving blockchain scalability and efficiency.

Shibarium could enable faster transactions and lower costs, making SHIB even more attractive to users.

Oh, dear Binance, you are quite the tease. Is this a nod to Shibarium? Or maybe you’ll offer Shib a tasty BONE and a LEASH? #TheShibArmy can’t wait!” tweeted Sand, a popular figure in the SHIB community.

This speculation is also supported by Kuro, an influential member of the Japanese Shiba Inu community, who redrew the teaser image to include the logos of Shibarium, BONE, and LEASH.

Crypto Burn and New Listings: What’s Next for SHIB?

Another theory circulating among Shiba Inu enthusiasts is that Binance could launch a token burn program for SHIB, similar to its ongoing efforts with Terra Luna Classic (LUNC).

Lola, a significant figure in the community, has pressed Binance CEO Richard Teng to extend this token burn model to SHIB, using a portion of spot trading and margin fees for the burn.

This mechanism, operational since 2022 for LUNC, could reduce token supply and potentially increase their value.

Meanwhile, some believe that Binance might list a new token from the Shiba Inu ecosystem, like Pawzone (PAW), the main token of the Shiba Inu ecosystem’s NFT market. The lack of an official clarification from Binance continues to fuel discussions and speculations.

Speculations include:

  • The integration of Shibarium;
  • A token burn program;
  • The listing of a new token like Pawzone (PAW).

Excitement is at its peak in the Shiba Inu community following Binance’s mysterious announcement. Whether it’s the integration of Shibarium, a new token burn program, or the introduction of a new crypto, these developments could transform the Shiba Inu ecosystem.

As noted in a recent article, the potential introduction of a spot ETF could also stabilize and invigorate the crypto market.

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Mikaia A. avatar
Mikaia A.

La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.