{"id":41821,"date":"2025-02-05T09:36:37","date_gmt":"2025-02-05T09:36:37","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=41821"},"modified":"2025-02-05T09:36:37","modified_gmt":"2025-02-05T09:36:37","slug":"massive-shiba-inu-shib-announcement","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=41821","title":{"rendered":"Massive Shiba Inu (SHIB) Announcement"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

SHIB\u2019s price surged by 8% on a 24-hour scale as the meme coin partnered with the UAE\u2019s Ministry of Energy and Infrastructure.
\nShibarium blasted through another major milestone, which could also be interpreted as a bullish element.<\/p>\n

<\/a><\/span><\/h2>\n

The Main Factor<\/h2>\n

The cryptocurrency market experienced severe turbulence in the past few days, largely caused<\/a> by Donald Trump\u2019s trade war with China, Mexico, and Canada. In the last 24 hours, most leading digital assets consolidated or charted minor losses, but this was not the case with Shiba Inu (SHIB).<\/span><\/p>\n

The price of the popular meme coin increased by 8% during that timeframe, currently trading at around $0.0000164 (per CoinGecko\u2019s data). Its market capitalization jumped above $9.5 billion, and thus, SHIB re-entered crypto\u2019s top 20 <\/span>club<\/span>.<\/span><\/p>\n

<\/a>SHIB Price, Source: CoinGecko<\/p>\n

Perhaps the<\/span> most apparent reason fueling the rally is Shiba Inu\u2019s partnership with the Ministry of Energy and Infrastructure of the United Arab Emirates.<\/span> The team behind the meme coin explained<\/a> that the collaboration aims to transform how nations embrace Web3.<\/span><\/p>\n

\u201cFor the first time, a world government is integrating blockchain at a\u00a0federal level. <\/span>This<\/span> isn\u2019t just another crypto partnership \u2013 it\u2019s a nationwide movement unifying Shiba Inu\u2019s\u00a0Operating System across all Emirates,\u201d the disclosure reads.<\/span><\/p>\n

Speaking on the matter was<\/span> H.E. Eng Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at MoEI.<\/span> He <\/span>said<\/span> the deal \u201crepresents a pivotal moment in our journey toward redefining government services.\u201d<\/span><\/p>\n

\u201cBy embracing emerging technologies, we aim to set a global benchmark for innovation, delivering transformative solutions that benefit both our citizens and the wider community. Together, we are shaping a future built on sustainability, connectivity, and digital excellence,\u201d he added.<\/span><\/p>\n

Additional Reasons<\/span><\/h2>\n

Other elements that may have boosted SHIB\u2019s price are Shibarium\u2019s advancement and Shiba Inu\u2019s burn rate. The layer-2 blockchain solution recently hit another major milestone as total transactions processed on the network <\/span>surpassed<\/span><\/a> 900 million.\u00a0<\/span><\/p>\n

Shibarium <\/span>is specifically designed<\/span> to foster the development of the Shiba Inu ecosystem, and according to some industry participants, its progress could <\/span>be viewed<\/span> as a bullish factor.<\/span><\/p>\n

For its part, SHIB\u2019s burn rate <\/span>exploded<\/span><\/a> by almost 600% in the last 24 hours, resulting in nearly 18.7 million tokens sent to a null address. Continuous efforts in that field will reduce the meme coin\u2019s circulating supply and potentially create upward pressure on the price (should demand remain constant or head north).\u00a0<\/span><\/p>\n

\u00a0<\/p>\n

The post Massive Shiba Inu (SHIB) Announcement<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR SHIB\u2019s price surged by 8% on a 24-hour scale as the meme coin partnered with the UAE\u2019s Ministry of Energy and Infrastructure. Shibarium blasted through another major milestone, which could also be interpreted as a bullish element. The Main Factor The cryptocurrency market experienced severe turbulence in the past few days, largely caused by […]<\/p>\n","protected":false},"author":0,"featured_media":41822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-41821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/41821"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41821"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/41821\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/41822"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}