Shiba

Pepe Coin

Optimism

Shiba Inu

The self-proclaimed “Dogecoin&nbsp;Killer,” Shiba Inu price has soared more than 4% today, propelled by optimism surrounding the impending Shibarium upgrade. Notably, this boost comes as the Shiba Inu executive expressed confidence in the upcoming upgrade’s potential to enhance functionality and security within the SHIB ecosystem. In addition, the recent burning frenzy of the SHIB coin has further bolstered the investors’ sentiment.
<h2 id="span-data-preserver-spaces-true-shiba-inu-executive-optimistic-on-shibarium-upgrade-span">Shiba Inu Executive Optimistic On Shibarium Upgrade</h2>
Shiba Inu’s marketing lead, Lucie, shared insights into the upcoming <a href="https://coingape.com/shiba-inu-shib-teases-hardfork-to-unlock-new-capabilities-price-reacts/" target="_blank" rel="noopener noreferrer nofollow">Shibarium upgrade</a>, slated for May 2. In a recent X post, Lucie emphasized that the upgrade aims to revolutionize the SHIB ecosystem by introducing faster transactions, stable fees, and a transparent burn system, aligning with community feedback to enhance usability and innovation.
Meanwhile, the positive sentiment surrounding the Shibarium upgrade has reverberated throughout the crypto market, fueling anticipation among investors. In addition, the recent burning spree of the <a href="https://coingape.com/shib-price-shiba-inu-burn-rate-jumps-2000-igniting-recovery-hope/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a> crypto has further fuelled the traders’ confidence. 
Notably&nbsp;according&nbsp;to <a rel="noopener noreferrer nofollow" href="https://www.shibburn.com/" target="_blank">Shibburn</a>, the meme coin noted a surge of around 8% in the last 24 hours&nbsp;with&nbsp;22.29 million SHIB tokens incinerated, further underscoring investor confidence in the project’s future prospects.
On the other hand, the upcoming <a href="https://coingape.com/education/understanding-impact-of-shibarium-on-the-shib-inu-ecosystem/" target="_blank" rel="noopener noreferrer nofollow">Shibarium</a> upgrade represents a significant milestone for the SHIB community, promising enhanced user experience and empowerment for developers and innovators. With quicker block processing times and more predictable transaction fees, the upgrade addresses&nbsp;key&nbsp;pain points voiced by users, fostering a more accessible and efficient ecosystem.
Also Read: <a href="https://coingape.com/5-reasons-to-buy-hold-pepe-coin-right-now/" target="_blank" rel="noopener noreferrer nofollow">5 Reasons To Buy &amp; Hold Pepe Coin Right Now</a>
<h2 id="span-data-preserver-spaces-true-price-soars-amid-soaring-confidence-span">Price Soars Amid Soaring Confidence</h2>
By incorporating cutting-edge practices from the broader <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency</a> landscape, Shiba Inu aims to position Shibarium as a leading platform for decentralized finance (DeFi).&nbsp;The upgrade&nbsp;not only&nbsp;enhances platform transparency and efficiency&nbsp;but also&nbsp;reinforces the network’s security and reliability, laying a robust foundation for future projects.
Meanwhile, as the SHIB community prepares for the Shibarium upgrade, active participation and engagement are encouraged to shape the ongoing evolution of the platform. With these updates, Shiba Inu aims to redefine the future of finance, offering investors and developers&nbsp;alike&nbsp;the tools and support needed to push the boundaries of <a href="https://coingape.com/glossary/defi-decentralized-finance/" target="_blank" rel="noopener noreferrer nofollow">DeFi</a> innovation.
Notably, the <a href="https://coingape.com/price/shiba-inu/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu price</a> was up 4.08% to $0.00002592 as of writing, with its trading volume over the last 24 hours declining 13.81% to $737.26 million. Notably, the leading <a href="https://coingape.com/meme-coin/" target="_blank" rel="noopener noreferrer nofollow">meme coin</a> has added over 13%&nbsp;over the last&nbsp;seven days, reflecting the increasing confidence of the investors toward SHIB.
<figure id="attachment_193787" aria-describedby="caption-attachment-193787" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class=" wp-image-193787" src="https://coingape.com/wp-content/uploads/2024/04/Shiba-Inu-Price-Chart-26-04-24.png" alt="Shiba Inu Price" width="754" height="500" srcset="https://coingape.com/wp-content/uploads/2024/04/Shiba-Inu-Price-Chart-26-04-24.png 1021w, https://coingape.com/wp-content/uploads/2024/04/Shiba-Inu-Price-Chart-26-04-24-300x199.png 300w, https://coingape.com/wp-content/uploads/2024/04/Shiba-Inu-Price-Chart-26-04-24-768x509.png 768w, https://coingape.com/wp-content/uploads/2024/04/Shiba-Inu-Price-Chart-26-04-24-150x99.png 150w" sizes="(max-width: 754px) 100vw, 754px">
 <figcaption id="caption-attachment-193787" class="wp-caption-text">
 Shiba Inu Price
 </figcaption>
</figure>
Also Read: <a href="https://coingape.com/us-sec-sues-geosyn-mining-for-5-6m-fraud-fake-rig-claims-exposed/" target="_blank" rel="noopener noreferrer nofollow">US SEC Sues Geosyn Mining for $5.6M Fraud, Fake Rig Claims Exposed</a>
The post <a href="https://coingape.com/shiba-inu-news-shib-price-soars-exec-unveils-optimism-shibarium-upgrade/" rel="noopener noreferrer nofollow">Shiba Inu News: SHIB Price Soars As Exec Unveils Optimism Over Shibarium Upgrade</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Shiba Inu News: SHIB Price Soars As Exec Unveils Optimism Over Shibarium Upgrade

Table of Contents

Coingape News Media

Other articles published on Apr 26, 2024

With the Market in Flux Algorand & Sei Investors See Pushd’s E-Commerce Presale as the Next Big Move

Bitcoin Halving Unlikely To Impact Price For 18 Months: Kaiko

Leveraging Instagram as a hub for creativity

Researchers Unveil Automated Embryo Injection Technology with Broad Applications

Best Crypto to Buy Now April 26 – Bonk, Render, MultiversX

World Bank exposes key driver of high inflation

Join our free newsletter for daily crypto updates!