Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Shiba Inu Marketing Lead Talks About Upcoming Developments and New Tokens

Source Beincrypto

Shiba Inu (SHIB), the second largest meme coin, is trying to advance with new developments. Lucie, the marketing lead for Shiba Inu, recently revealed plans for a new layer-3 blockchain and several new tokens, signaling a pivot towards a more substantive ecosystem.

Despite various development efforts, SHIB has underperformed compared to various other meme coins.

Shiba Inu Faces Criticism Despite New Development Plans

Lucie emphasized the expansion and also talked about two upcoming tokens.

“From SHIB, LEASH, BONE, SHEB, Shiboshis, ShibtheMV, and coming soon: TREAT and SHI, to innovative decentralized applications, our ecosystem offers endless possibilities. One of the most interesting things coming is our very own L3,” Lucie said.

This initiative comes on the heels of Shiba Inu reportedly securing a $12 million investment in April, specifically for this new layer-3 platform. The fundraising rounds escalated to valuations reaching $200 million, according to several reports.

Read more: How To Buy Shiba Inu (SHIB) and Everything You Need To Know

According to Lucie, the forthcoming layer-3 blockchain, built atop the existing Ethereum layer-2 blockchain Shibarium, is set to integrate Fully Homomorphic Encryption (FHE). This encryption will allow developers to process data securely without the need for decryption through a collaboration with the open-source cryptography firm Zama.

These developments come as Shiba Inu is trying to bring in real-world utility. In December 2023, Shytoshi Kusama, a Shiba Inu developer, shared a vision for moving beyond memes.

However, this rapid expansion has been met with criticism from some community members. Concerns have been raised about the pace and scope of development.

“This is our biggest problem: jumping to something else before finishing one thing. What is L3 before finishing L2? Finish the job at hand first,” a community member said.

Lucie’s announcements arrive at a crucial time when Shiba Inu is still around 80% down from its all-time highs.

Year-to-date, Shiba Inu is up by 65%. However, new meme coins like Pepe (PEPE), Dogwifhat (WIF), and Bonk (BONK) continue to outperform SHIB.

Read more: Shiba Inu (SHIB) Price Prediction 2024/2025/2030

Shiba Inu (SHIB) Price Performance. Source: TradingView

The community sentiment is a mixture of anticipation for new developments and frustration over existing strategies.

“This is why I went to Bonk coin. [Shiba Inu] got 30 coins when it could just work on SHIB. [The developer] won’t burn tokens and there is no increase in the auto burn,” another frustrated community member said.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Why a Quiet 2025 Signals a Massive 2026 Crypto Bull Run: Bitwise CIO Explains Bitwise's Matt Hougan Predicts a Crypto Boom in 2026 Amid Current Market Struggles

Author Mitrade

Nov 13, Thu

Bitwise's Matt Hougan Predicts a Crypto Boom in 2026 Amid Current Market Struggles

Ethereum slides 5% as bears lean on $3,500 cap and put $3,150 support in focus Ethereum (ETH) drops more than 5% after a failed push above $3,550, with price sliding to $3,153 and now holding below $3,350, the 100-hour SMA and a bearish trend line at $3,500; unless bulls reclaim the $3,350–$3,500 zone, the short-term bias stays bearish and a clean break under $3,150 could expose $3,050, $3,000 and even the $2,880–$2,850 support area.

Author Mitrade

Nov 14, Fri

Ethereum (ETH) drops more than 5% after a failed push above $3,550, with price sliding to $3,153 and now holding below $3,350, the 100-hour SMA and a bearish trend line at $3,500; unless bulls reclaim the $3,350–$3,500 zone, the short-term bias stays bearish and a clean break under $3,150 could expose $3,050, $3,000 and even the $2,880–$2,850 support area.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP flash deeper downside risks as market selloff intensifies Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) trade in red on Friday after correcting more than 5%, 10% and 2%, respectively, so far this week.

Author FXStreet

Nov 14, Fri

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) trade in red on Friday after correcting more than 5%, 10% and 2%, respectively, so far this week.

Bitcoin slides deeper into red as bears lean on $96,600 wall and eye $90,000 Bitcoin extends its decline after failing to reclaim $96,500, trading below $95,000, the 100-hour SMA and a bearish trend line near $96,600; unless bulls can force a decisive close back above $96,600–$97,200, the short-term path of least resistance stays lower, with $92,500, $90,000 and the main $88,500 support zone in focus.

Author Mitrade

4 hours ago

Bitcoin extends its decline after failing to reclaim $96,500, trading below $95,000, the 100-hour SMA and a bearish trend line near $96,600; unless bulls can force a decisive close back above $96,600–$97,200, the short-term path of least resistance stays lower, with $92,500, $90,000 and the main $88,500 support zone in focus.

Bitcoin briefly loses 2025 gains as crypto plunges over the weekend.Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant. The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year. Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus. Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses. Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.

Author Mitrade

4 hours ago

Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant. The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year. Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus. Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses. Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.

Popular Symbols