Shiba Inu’s Shibarium, the Ethereum layer-2 solution, has successfully gained traction since its recent launch, witnessing an impressive adoption rate. However, despite Shibarium’s success, the steady growth of SHIB’s price has not been attained, leading to sporadic FUD (Fear, Uncertainty, and Doubt) and concerns within the project.

Addressing these concerns, Lucie, an esteemed member of Shiba Inu’s development team and a dedicated content marketer, took to X, a popular social media platform, to calm the waters.

Quieting The Storm

Lucie’s tweet acknowledged the influx of direct messages expressing worry regarding the future of Shiba Inu. However, she reassured the community that these concerns primarily stem from SHIB pessimists seeking to promote their own projects.

She emphasized that there is no cause for alarm, as the cryptocurrency industry naturally experiences volatile market conditions.

Shibarium’s Impact and the SHIB Army

Shibarium’s launch initially sparked excitement within the SHIB community, leading to investors accumulating tokens in anticipation of the benefits brought by this new scaling solution. Consequently, SHIB’s market capitalization grew significantly, propelling it to become the 14th largest cryptocurrency by market cap.

Despite this initial enthusiasm, SHIB’s market performance has experienced a decline of 13% over the past month, causing it to slip to 17th place in terms of market capitalization. To counter the waning enthusiasm, Lucie urged the SHIB Army ecosystem to remain focused on the upcoming bull run of SHIB.

In a tweet, she stated, “$SHIB is strategically positioning itself for the upcoming bull run. Bone will recover once Shibarium is established, and we’ll focus on serious projects, not quick pumps and dumps.”

The Future of the Shiba Inu Ecosystem

While SHIB’s price action currently appears calm, it is essential to note that Shiba Inu’s development team continues to work diligently behind the scenes, with ongoing projects in progress.

According to data from Shibariumscan, the layer-2 solution has been meeting expectations. It has garnered over 1.24 million wallet addresses and is rapidly approaching three million transactions in total.

Furthermore, Shibarium recently achieved a significant milestone with the inclusion of Welly, an Italian-based fast food franchise. Welly launched on the Shibarium blockchain, leveraging its cutting-edge technology to manage operations, customer loyalty, and food-based incentives.

Operating initially in Naples, Italy, the web3 restaurant aspires to expand its reach, thanks to the support of the SHIB community and the robust infrastructure of the Shibarium blockchain.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The NFT and cryptocurrency market is highly volatile, and readers should conduct thorough research before making any investment decisions.