There is a lot happening with Shib. It's evolved from a simple meme coin like Doge into a legitimately useful coin. 10000 Shiboshi NFT's sold our in about 20 minutes, some for as much as 50 Eth. When a Shiboshi is renamed by its owner Shib is burned. Shib is now accepted as payment by EBay, PayPal, Mastercard and I think also Visa as well as many other retail outlets and other businesses adopting it. Some places will pay part of your wages in Shib if you want. Being based on the Etherium blockchain it has had high gas fees, which was an issue with the Shiboshi sales. To counteract that there is a level 2 solution being developed where Shib will have its own block chain with cheap gas fees. There is a Shiba inu game being released soon in which actions within the game trigger burns. With each burn the price goes up gradually. There are also a heap of projects that are in the works that based on using the new blockchain when it comes on line. Shib is on the verge of entering the top 10 traded cryptos has just overtaken Terra Luna, and is setting its sights on Doge. Traders will trade and take profits, and there's nothing wrong with that. But with whales buying in big amounts and both retail and institutional investors ape in Shib is gaining traction every day. Out of the coins in my portfolio Shib is the only 1 not down today. For whatever that's worth. I think it's up about 18 or 20% on yesterday at the time of writing this. I wouldn't be surprised to see it hit 1 cent in the next few months. And it is now a sponsor of a Mars expedition, so it could well go to Mars and bypass the moon. :lol: I plan on hodling, a few years could see it hit a dollar, you never know.
