The Shiba Inu community gathered for a grand Thanksgiving celebration, ignited by a heartfelt message from the Shiba Inu (SHIB) X account. Labeling the ShibArmy as the “greatest community in the crypto space,” this message set the stage for a vibrant meme fiesta, showcasing the community’s creativity through colorful images of the iconic Shiba Inu breed.
Celebrating the Journey: Shiba Inu and Its Community
Transitioning to the journey of Shiba Inu and its community, the project has consistently positioned itself as community-driven since its inception. From its early days, Shiba Inu shared its visions with the community, which passionately embraced the mantra. This collective effort propelled the once relatively unknown token in early 2020 to its current status with a market capitalization of $4,840,430,927, securing the 19th spot among digital currencies.
Related article: Shiba Inu Price Prediction Stirs Community Anticipation
The Shiba Inu community’s central vision revolves around challenging Dogecoin (DOGE), the pioneer “memecoin” in the Web3.0 world. While Dogecoin aspires to reach $1, Shib aims for a price target between $0.001 and $0.01. These ambitious goals continue to fuel bullish sentiments, transforming Shiba Inu from a fun token to one with practical utility.
Beyond its role as a means of payment, Shiba Inu’s core developers introduced Shibarium, an Ethereum Layer-2 scaling solution with advanced capabilities. Shibarium has surpassed 4 million transactions, a testament to its growing adoption.
Notable platforms launched on Shibarium include the DEX platform Marswap and the NFT trading platform Pawzaar, both contributing to the ecosystem’s vibrancy.
Price Reflections and Future Projections
Reflecting on Shiba Inu’s price outlook during the Thanksgiving celebration, the token’s market price stood at $0.000008229, marking a 0.56% increase despite a 7% dip in trading volume to $97,811,131. The Year-to-Date (YTD) slump by 1.52% indicates a relatively subdued momentum compared to peers.
Analysts, however, project an upward trend for SHIB, with Bard AI forecasting a year-end token price of $0.00001038.
As the Shib community joyfully celebrates Thanksgiving, they also take stock of their journey, acknowledging achievements and anticipating a promising future.