Alpha Sigma Capital Research releases research coverage on Shiba Inu (SHIB) Ecosystem, highlighting a meme coin is evolving into a presence within the Web3 landscape.
BRADENTON, FL, Nov. 08, 2023 (GLOBE NEWSWIRE) — Alpha Sigma Capital Research, the prominent blockchain research firm, has released an in-depth research report on Shiba Inu (SHIB), documenting the evolution of a meme coin’s migration into a player in the Web3 landscape.
Access the Research Report here.
The research encapsulates the following key insights:
– Shiba Inu is shifting from a speculative token with a focus on price momentum and trading volume to a legitimate decentralized platform.
– The SHIB community, known as the “SHIB Army,” has grown to over 1.25 million wallets and a market cap of approximately $4 billion.
– SHIB has become one of the most traded coins in the market
– Various apps and tools have been developed to support the SHIB community, expanding its real-world use cases.
– The SHIB community is working to build a decentralized commonwealth with a focus on decentralization as its core ethos.
– The ecosystem has launched a Layer 2 protocol named Shibarium.
– Shib The Metaverse has also introduced an advertising platform, providing influencers and small businesses with easier access to online advertising.
Access the Research Report here. Sign up here to receive complimentary issues of Alpha Sigma Capital Research.
Fair Disclosure: Alpha Transform Holdings, the parent company of Alpha Sigma Capital is a strategic advisor to Shiba Inu and holds BONE and LEASH tokens, and TREAT tokens under the advisory lock up.
About Shiba Inu (SHIB)
The shiba inu coin, or SHIB, is an ERC-20 token that fuels the Shiba ecosystem. Comprising three separate tokens – SHIB, BONE and LEASH – that users can stake, swap or deposit into liquidity pools on the ShibaSwap decentralized exchange to earn interest and rewards. Created in August 2020 by an anonymous person or group using the pseudonym “Ryoshi”.