SHIB unveils plan for Shibarium updates

The team at Shiba Inu (SHIB), the popular meme coin, indicated in a recent announcement that it is preparing for a significant update to its Shibarium platform. The Shiba Inu team announced that this hard fork will be introduced on May 2.

The Shibarium upgrade will bring a host of new features aimed at improving the user experience and increasing engagement with the platform.

🧵 1/ SHIBARMY, we are on the brink of a transformative upgrade for Shibarium.

Through an upcoming hard fork expected to go live on May 2nd, we’re introducing a suite of new features designed to enhance user experience and empower our community of innovators and developers.

— Shib (@Shibtoken) April 25, 2024

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The upgrade will shorten processing times and also attempt to make transaction rates more predictable. There is currently still a lot of variation in transaction rates.

These changes should make Shibarium easier to use, but they should also make the platform more robust and secure.

The Shibarium platform plays an important role within the Shiba Inu ecosystem and that is why many investors wonder what the influence of this update will be on the Shiba Inu price.

Shiba Inu price forecast – will SHIB rise?

The Shiba Inu price rose by almost 3% today after the announcement about the Shibarium upgrade. This means that this well-known meme coin has now risen by more than 13% over the past 7 days. Nevertheless, the price is still worth 11.94% less than a month ago.

However, the upcoming upgrade could create the necessary enthusiasm within the Shiba Inu community. Many investors even expect Shiba Inu to rise towards $0.0001 in May.

Even though Shiba Inu, with its current value of $0.00002574, still has a long way to go towards $0.0001, SHIB does have a strong foundation.

With an RSI of 50 there is still more than enough room for increases and the MACD histogram simultaneously gives a buy signal. The price is also above all its major moving averages for both the short and long term.

This strong foundation together with the enthusiasm surrounding the new Shibarium upgrade will significantly increase the SHIB price. However, it may take some time before the SHIB price approaches $0.0001 and in the meantime there are several alternatives that can realize large profits in a shorter period of time.

Slothana (SLOTH) – New Solana meme coin

Slothana is a new Solana meme coin that quickly gained a lot of attention. Solana meme coins have recently become an increasing competitor to Shiba Inu as these meme coins were able to achieve market caps of over $1 billion in a short time. Slothana hopes to capitalize on this success and has therefore chosen to launch its SLOTH token on the Solana blockchain.

Slothana differentiates itself from other presale tokens by using a send-to-wallet airdrop system. With this system, users are able to transfer SOL tokens to Slothana’s wallet address to easily qualify for the native SLOTH tokens.

This system quickly proved to be a great success, as the presale managed to raise $10 million in a short time. With this, the presale achieved its hard cap goal, which means that investors now only have a few days left to purchase SLOTH tokens before the presale is completed and the SLOTH tokens are listed on exchanges.

1 SOL gives you 10,000 SLOTH tokens. With the current SOL price of $144, this equates to $0.0144 per SLOTH token.

Dogeverse (DOGEVERSE) – multi-chain alternative to Dogecoin

Dogeverse is developing a brand new and unique alternative to the largest crypto in the world, Dogecoin. By developing its native DOGEVERSE token for multiple blockchains, it is able to form a multi-chain alternative to DOGE. For this reason, Dogeverse will be developed for the Ethereum, Base, BNB, Polygon, Solana and Avalanche blockchains, among others.

This way, users can take advantage of their favorite features and benefits of these exchanges. The project also indicates that this will provide better liquidity, which will contribute to faster and cheaper transactions.

Of the 200 billion DOGEVERSE tokens, 30 billion will be available during the presale. In addition, another 20 billion tokens have been reserved for staking rewards. Users can already take advantage of these staking rewards even though the presale is still live. There is currently an APY of 100%.

Dogeverse’s presale has already raised more than $11 million. This once again confirms how much confidence investors have in the vision of this project. Tokens currently cost $0.00302 each and can be purchased via ETH, BNB, BASE, MATIC, AVAX, SOL, USDT and credit card.

WienerAI (WAI) – combines AI with meme coins

WienerAI is a new crypto meme coin that combines the worlds of meme coins and AI crypto. This makes it a unique project that can count on the necessary popularity, partly thanks to its very nice mascot.

The native WAI token has been launched on the Ethereum blockchain and will use the standard of an ERC-20 token. Although the project does not yet have a utility, it can already count on the necessary support from both the AI ​​and meme coin communities.

$300K! Viennese woofs!

Our Sausage Squad Is Unstoppable! 🌭🚀 pic.twitter.com/Ng3ii6WZcy

— WienerAI (@WienerDogAI) April 24, 2024

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The WienerAI token can also be used for staking. Users who stake their tokens will be able to generate passive income. According to the team itself, this will strengthen the “wiener army”. Currently, more than 400 million tokens have already been secured at an attractive APY of no less than 1,889%. This percentage will of course decrease during the presale, but early buyers are clearly able to realize nice profits.

WAI tokens currently cost $0.0007 each. The presale has already raised more than $371,000 and there is less than 1 day to go before the presale enters its next phase and the presale price will increase further. Tokens can be purchased via ETH, BNB, USDT and credit card.

Disclaimer: This article contains insights from independent authors and is not part of the editorial content of BitcoinMagazine.nl. This is not investment advice, please do your own research.