- Shiba Inu developer Kaal Dhairya signals a shift towards cutting-edge infrastructure for Web3 development.
- SHIB price recovered to $0.00001188 after bottoming at $0.00001029, buoyed by Bitcoin’s rally and broader equity market gains.
Developer Kaal Dhairya has outlined the next steps in the project, which is prepared for a technically advanced future in the Shiba Inu ecosystem. A few days ago, Dhairya tweeted about how the technology is being pushed towards scaling and privacy features by including technologies like rollups and Fully Homomorphic Encryption (FHE).
Shiba Inu’s Developer Reveals Future Plans
As market volatility sways, Dhairya asked community members to stay focused and support developers during what he termed a very crucial stage for SHIB. The scammers that made their billions off the SHIB ecosystem are quick to pounce on the dip, and the FUD rises, too.
He posted on X:
When markets dip, the FUD rises, especially from scammers who made millions off the SHIB ecosystem. Ignore the noise. This is your chance to build in the next phase: Rollups, FHE, and beyond. Remember: like WoofSwap builders build. No complaints. Just work.
Layer 2 scaling is a major improvement, rollups are seen as a mass upgrade, to reduce transaction costs and to have a more efficient network. Moreover, FHE, an emerging cryptographic method that enables a computation on encrypted data without decrypting it, is referred to, which indicates the focus on cutting-edge privacy solutions. These initiatives seem to be the technological evolution for the SHIB ecosystem as it aims to enhance its infrastructure in a growing Web3 environment, as highlighted in our previous report.
In response to a community member’s question asking about the progress of SHI, the long-awaited decentralized stablecoin linked to Shiba Inu, Dhairya mentioned regulatory issues. He said that SHI progress is still dependent on clear stablecoin regulations that are waiting.
Latest SHIB Price Update
The SHIB token also had a noticeable price shift in recent trading but the development updates indicate a more structured roadmap. The meme coin recovered after its price bottomed at $0.00001029 earlier in the day as Bitcoin price jumped. U.S. equities, notably the S&P 500, had their largest rally since 2008, followed by a strong session that saw the rebound. When Bitcoin saw momentum, so did SHIB, which made it to $0.00001214.
According to data at the time of reporting, SHIB was changing hands at around $0.00001188, increasing by 7.35% in the last 24 hours. The next potential resistance to watch may be found in the daily SMA 50, which is set to $0.000013. However, a break above such a level may extend bullish momentum, with $0.00001905 SMA 200 being taken as the next important target.
