The Shiba Inu (SHIB) token has surged once more, bringing excitement to the widely talked about coin. According to CoinGecko, the coin has now flipped Dogecoin (DOGE) and makes it’s way into the top 10 cryptocurrencies.
The 24-hour transaction volume of SHIB has surpassed that of most of the top ten coins according to crypto data aggregator CoinGecko. SHIB’s price has reached an all-time high of $0.000059, and the token’s on-chain activity has skyrocketed.
The introduction of Doggy DAO is the next important development to the Shiba Inu ecosystem. Following the upgrade, BONE token holders will be able to propose suggestions and vote.
The rising returns in SHIB-WETH pools, planned upgrades (Shibarium, Doggy DAO, and Shiboshi game), and the cryptocurrency’s rapidly growing market capitalization are the key factors for exploding on-chain activity and a surge in SHIB price.
Doggy DAO’s development of completely decentralized governance is likely to increase the amount of SHIB wallet addresses, enhancing holders’ and traders’ SHIB trading activity.
Shiba Inu has an optimistic view, with analysts predicting a price breakthrough in SHIB. December DeMarco, a cryptocurrency analyst and YouTuber, believes SHIB will reach $0.01 in the near future.
