Shiba Inu: HEEL Unleashes Innovative Staking – Can it Drive SHIB Price to $0.0001? Report

• The HEEL ecosystem plans to unveil an NFT collection and migrate a liquidity pool to Shibarium from Ethereum. 

• Shiba Inu currently has a market cap of about $5.2 billion, but nearly $75 billion is needed to push the price to $0.0001.

The Shiba Inu (SHIB) ecosystem continues to innovatively develop rails much needed for the next crypto bull market. With the upcoming launch of the Shibarium layer two mainnet ecosystem, the second-largest memecoin by valuation continues to balance between speculation and real-world utility. Moreover, the volatility of Shiba Inu could significantly stabilize in the future – like Bitcoin or Ethereum – if more DeFi developers tap into the Shibarium network.

Currently, the Shiba Inu ecosystem takes pride in more than 1.3 million holders who have transacted SHIB over 10 million times. As a result, the SHIB token has gained a higher valuation over the years, amounting to about $5.2 billion. In the past 24 hours, the SHIB traded volume was about $86 million, according to the latest crypto price oracles.

HEEL NFTs on Shiba Inu and Shibarium Network

The Shiba Inu metaverse ecosystem has significantly grown in the past year amid the mainstream adoption of NFTs on the Ethereum network. Crypto investors understand the importance of NFTs as valuable art with the potential for high returns on investment. 

An upcoming NFT project on the Ethereum blockchain dubbed HEEL is in the early stages of transitioning to the Shibarium network. The HEEL NFTs V1.0 with 300 collectibles have already been listed on OpenSea for trading.

In the latest HEEL development, the minting of the adventures of Young Ryoshi and Shiba kicked off on Monday in a collection dubbed V3.0

With a minting price of 0.0375 ETH, 3475 HEEL NFTs are publicly available for minting in the next 48 hours. Whereby the HEEL team has reserved 225 for the early discounted mint passes, about 300 HEEL NFTS have been reserved for the v1.0 holders, and approximately 444 NFTs have been reserved for various Good Dog House staking reward pools.

According to the official Good Dog HEEL website, approximately 25 percent of mint proceeds will go directly to the Good Dog Foundation multi-sig, which is basically the HEEL Governance entity, along with 25 percent of all future royalties collected from NFT trades. Reportedly, the fund will be used to vote on proposals to discuss an array of subjects affecting the HEEL NFT ecosystem including but not limited to marketing, CEX listing, liquidity addition, burns, and staking reward ideas.

In the near term future, the HEEL ecosystem plans to unveil an NFT collection and migrate a liquidity pool to the Shibarium from Ethereum. Additionally, the HEEL ecosystem has plans to continually develop quality DeFi platforms on the Shibarium scaling solution.

Price Action

For comparison purposes, Shiba Inu’s price is 16X away from flipping the market capitalization of Tether, which is currently at about $84 billion. As a result, the development of quality DeFi platforms on Shibarium will significantly help scale the Shiba Inu ecosystem to such heights.