Despite Shiba Inu witnessing a recent price collapse, the ecosystem’s marketing lead, Lucie, still believes the future is bright for SHIB.
She made the declaration while shedding light on the developments and growth happening behind the scenes for Shiba Inu. In an X post yesterday, Lucie characterized these developmental efforts as remarkable.
The marketing lead acknowledged that although these advancements may not immediately impact the price of Shiba Inu, she promised a bright future for the dog-themed token.
Furthermore, she suggested that the ultimate goal is creating ‘something exceptional’ for Shiba Inu through ongoing developments and collaboration.
The amount of development and growth happening behind the scenes is amazing. Yes, this won’t reflect in the price now, but the future is bright.
All the giants working together can build something exceptional.
— ????? | SHIB.IO (@LucieSHIB) June 25, 2024
SHIB Endures Intense Price Decline
Lucie’s assertion comes days after she provided an outlook on the current market performance, with an emphasis on SHIB. It is worth mentioning that Shiba Inu suffered significant losses following the recent bloodbath in the market.
The dog-themed token, which spiked above $0.000045 in early March, is currently down 60.8% at the current price of $0.00001762.
Shiba Inu plunged to a 3-month low earlier this week, crashing to $0.00001638 on June 24. At the current price, SHIB is down 32.1% MTD, 28.1% in 30 days, and 42.3% in the past three months.
In contrast, Shiba Inu has witnessed a daily surge of 1.76% over the past day, with a daily trading volume of $303.09 million.
Team’s Focus on Long-Term Vision
Although Shiba Inu has incurred significant losses lately, Lucie revealed that the team is focused on the long-term vision and is actively working behind the scenes to ensure future success. This behind-the-scenes effort involves developing utility projects that could potentially drive Shiba Inu’s adoption.
In particular, the team is actively working to roll out the Shibarium version of Shiba Eternity – the ecosystem’s P2E game – for closed beta testing. The closed beta is scheduled to commence in Q3 2024, with public testing expected to follow soon after.
Shiba Inu’s ecosystem team is also developing its metaverse project, SHIB: The Metaverse, with Lucie speculating that it could launch this year or next. Another project undergoing development is Shiba Inu’s upcoming L3 privacy blockchain.
All Shiba Inu ecosystem projects are expected to drive the adoption of the ecosystem tokens, including SHIB, leading to a tremendous spike in their prices in the long term.