Shiba Inu Receives High Praise From Forbes, Here Are The Major Highlights Of The Report

Source Bitcoinist
Jun 15, 2024 01:00

In a remarkable achievement for the Shiba Inu ecosystem, Forbes, the world’s leading business media magazine has featured the doggy-themed meme coin, SHIB in a recent article. The media company lauded Shiba Inu for its impressive accomplishments, highlighting key developmental milestones fulfilled by SHIB in the crypto industry.   

Shiba Inu Appears In Forbes Magazine

“All hail Shiba Inu, cutest of all the dogs!” Forbe declared in its magazine. On June 11, Sandy Carter, the COO at Unstoppable Domains featured Shiba Inu in a Forbes piece dedicated to some of the industry’s most popular meme-based cryptocurrencies. 

The Forbes article, which described SHIBas “beyond cute,” highlighted the meme coin’s massive growth within the crypto space, singing high praises for its notable achievements. 

According to the magazine, SHIB was not just a meme coin with a “pretty face” or a joke theme. Rather, this meme-based cryptocurrency was a great paradigm of how meme coins in the industry are developing real utility and paving the way for other key digital currencies. 

Forbes placed a key emphasis on Shiba Inu’s impressive developments in the crypto space, specifically focusing on its recent strategic partnership with Zama, an open-source cryptographic company which helps build open-source homomorphic encryption solutions for blockchain and Artificial Intelligence (AI). 

This innovative alliance is set to bring new solutions that focus on identity, security, privacy and risk mitigation and management in the Shiba Inu ecosystem. Through Zama, SHIB will be able to integrate these major financial technological solutions within its payments system. 

Moreover, the results of the collaboration are set to bolster enhanced privacy and security for Shiba Inu and the broader cryptocurrency sector. The creation of these technological solutions is also poised to set major standards within the traditional finance industry which has been increasingly integrating with the cryptocurrency industry. 

SHIB Developers Get Recognized

Following the release of Forbe’s publication featuring Shiba Inu, the meme coin’s market lead, Lucie, took to X (formerly Twitter) to summarize and further explain the details of the magazine to the SHIB community. Lucie expressed happiness that an objective source such as Forbes has recognized the hard work and achievements of Shiba Inu developers. 

She disclosed that the Forbes magazine had successfully pointed out the substantial impact Shiba Inu developers have had on the ecosystem and how they have propelled SHIB forward within the crypto industry. Currently, SHIB holds the rank as the world’s second-largest meme coin by market capitalization, directly trailing behind Dogecoin (DOGE) which holds the top spot.

It could be said that Shiba Inu has transcended its origins as a meme coin, achieving remarkable growth over the years and cultivating one of the largest communities in the crypto space. SHIB’s impressive growth rate has driven its price to new all-time highs and elevated its market capitalization to over $12.7 billion. 

This impressive ascent highlights the meme coin’s status as a key player in the crypto industry and showcases its potential for long-term sustainability and influence in the market. 

Shiba Inu price chart from Tradingview.com
Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Copper Long-term forecast: Will Copper Price Expected To Soar In 2023?The price of copper is affected by various of factors. You may wonder how the price of cooper will be in 2023, check out our forecast analysis.
Author  Mitrade
The price of copper is affected by various of factors. You may wonder how the price of cooper will be in 2023, check out our forecast analysis.
placeholder
Bitcoin CME gaps at $35,000, $27,000 and $21,000, which one gets filled first?Prioritize filling the $27,000 gap and even try higher.
Author  FXStreet
Prioritize filling the $27,000 gap and even try higher.
placeholder
Japanese Yen stands tall near one-month top against USD on hawkish BoJ talksThe Japanese Yen (JPY) rallied to the highest level since early February against its American counterpart on Friday amid bets for an imminent shift in the Bank of Japan's (BoJ) policy stance.
Author  FXStreet
The Japanese Yen (JPY) rallied to the highest level since early February against its American counterpart on Friday amid bets for an imminent shift in the Bank of Japan's (BoJ) policy stance.
placeholder
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Author  FXStreet
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
placeholder
Biden dropping re-election bid a question of when, not if- TD CowenInvesting.com-- President Joe Biden is likely to drop his bid for reelection, TD analysts said in a note, amid growing concerns over his health and whether he will be able to effectively run against R
Author  Investing.com
Investing.com-- President Joe Biden is likely to drop his bid for reelection, TD analysts said in a note, amid growing concerns over his health and whether he will be able to effectively run against R
goTop
quote