• The Shiba Inu (SHIB) community reacts to a “something big is coming” announcement as the marketing lead highlights some critical projects in the pipeline. 

• Lucie has also cautioned the community against using centralized exchanges and campaigns for Decentralized Finance (DeFi) wallets. 

The marketing lead of the Shiba Inu (SHIB) team, identified as Lucie, has dropped a cryptic message, signaling an upcoming development that could transform the ecosystem significantly. In her post, Lucie disclosed that a major discussion is ongoing in the “realm of Shiba State.”

According to her, this has triggered an excitement among “Shibizens.” It is important to note that the “Shiba State” in this context refers to the ecosystem, while the Shibizens refer to the individual users. 

Our investigation reveals that the Shiba team is working on multiple projects, including SHIB Metaverse, Shib Marketplace, and TREAT token, as well as the layer three blockchains being built on Shibarium. In her post, Lucie admitted that the announcement could be about any of these projects or even a “whole new world.”

In the lively realm of Shiba State, excitement buzzes among the Shibizens. A mysterious message hints at a groundbreaking project: “Something big is coming!”
Speculation fills the air—will it be ShibMarketplace, Shibahub, or Treat, or a whole new world? pic.twitter.com/2i6CePyM9a— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) September 23, 2024

What is the SHIB Marketplace?

The SHIB marketplace is reported to be a decentralized trading platform built on the Shibarium layer 2. According to the team, successfully implementing this initiative would enhance transaction efficiency, reduce operational costs, and significantly improve the user experience for “buying, selling, and trading digital assets.” 

Currently, specific details of the project have not yet been revealed. However, it is expected to provide a variety of crypto assets and Non Fungible Tokens (NFTs) for trading. In an interview with Shiba Inu’s lead developer, Shytoshi Kusama, he disclosed that the long-term plan is to make the project the “world’s first trillion-dollar decentralized entity.” 

TREAT Token

The TREAT is the latest addition to the Shiba Inu ecosystem. This is expected to be an integral part of fulfilling Ryoshi’s vision of a globalized exchange of value with SHIB, LEASH, BONE, and SHI. 

In addition to these projects, the Shiba team has rolled out major hard forks on Shibarium to improve transaction speed and performance and lower gas fees. 

Recently, Lucie highlighted the risk of using centralized exchanges by pointing out the recent exploit of the BingX exchange when 3.8 billion KNINE tokens were stolen. This alludes to a recent CNF publication where she criticized the centralized exchanges for chasing profit rather than genuine projects in their listing procedure. To address these issues, Lucie urged the community to embrace Decentralized Finance (DeFi) by learning how to use the DeFi wallet. 

If you’re serious about DeFi, get your tokens on Shibarium and enjoy low fees and fast transactions. It’s time to bridge over and stop relying on exchanges that ghost you. Tangem Hardware Wallets: Worried about security? Tangem’s got your back—now supporting Shibarium. Keep your assets locked up safely where only you can access them. Take control of your crypto journey—stop waiting for exchanges to “maybe” help. I’ll keep banging this drum because way too many ignore it, and then they’re the first to cry when things go south.

At press time, SHIB was trading at $0.0000147 after surging by 1% in the last 24 hours. 

According to an analyst identified as ChartingGuy, SHIB has a bullish outlook and could “break out from a symmetrical triangle pattern in the weekly chart.” In his analysis, ChartingGuy pointed out that $0.000016 and $0.0000226 are the current overhead resistance levels based on the Fibonacci retracement levels. Breaching these levels could send the price to $0.000045.