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If you want to understand what is the Shiba Inu coin future, you need to closely evaluate what is happening with the coin today.
Perhaps, Shiba is among the most famous and innovative small coins currently on the market. Having been in the market for barely 2 years, it has already made major moves in product development and value addition.
Some of the notable successes so far are getting over a million investors and rising through the market to become a top coin in valuation.
Shiba developers have already hinted at the ongoing strategies that could add more value to the coin in the long term. Below are some of the projects that will define the future of the coin.
Non-Fungible Tokens Driver
Shiba is emerging as a key player in the NFT market since its launch of shiboshis NFTs in 2021. These are a group of virtual images on the network that are trading in the market today.
The virtual asset market is growing by the day and promising to become a big business in the future. Currently, the NFT market produces about $40 billion of value every year. A number that is fast rising.
By placing itself in the middle of this development, Shiba could generate more value with the growth in the market.
Metaverse is another area Shiba is actively engaging in since the launch of its metaverse games. The concept of the metaverse is transforming the virtual world in areas such as gaming and media.
This makes Shiba a key player in this sector going into the future. A key factor that could play part in giving it value if it’s successful.
Metaverse space is becoming more competitive as more players both centralized and decentralized join the space.
After riding on the Ethereum blockchain, Shiba is in the process of developing its own layer 2 blockchain known as shibarium. This is being marketed as a game-changer as it will give the coin flexibility and scalability.
With very few coins having their blockchain, Shiba will join an elite list. An ability that could propel it to a major player in the future.
However, it is critical to note they are yet to launch it with the prediction being the third quarter of 2022.
These solutions will define and help answer the question of what is the Shiba Inu coin future. The fact is some of these blockchain solutions are gaining adoption and could become big industries in the future.
In return, this translates to higher value returns for Shiba investors and developers.