Shiba Inu is treating investors with new use cases, which has finally aided in its price rally

Shiba Inu has been on the news since August 2020 and has soared more than 60,000,000% since then. The self-proclaimed Dogecoin killer has demonstrated extreme bullish price rallies in 2021 but has drastically plummeted since the crypto market meltdown by the end of 2021. There are speculations that Shiba Inu has come here to stay but analysts believe that SHIB is one of the most volatile assets in the market and is not worthy of long-term investments. So, Shiba Inu developers took this opportunity to enhance the crypto's market value. Critics who once claimed that SHIB hardly has any real-world use cases were also impressed by the number of initiatives that the developers took to attract more investors to the asset. One of the most awaited initiatives by SHIB buyers was the launch of the SHI stablecoin. SHI, the stablecoin of Shiba Inu has been under development and is finally about to be launched. SHI is also accompanied by the new TREAT token that will act as a reward token for the upcoming developments in the ecosystem.

These initiatives have drastically heightened Shiba Inu's price scope. Infact, experts have revealed that SHIB buys are likely to overcome most other prominent cryptocurrencies in the market. It now seems like there is still hope for Shiba Inu to regain back its previous market prominence. Kusama asserts that this new TREAT token will serve as the new reward token for investors who would join the developing Shiba Inu ecosystem and the BONE token would act as a reward token for participants present in the Shibarium. Furthermore, the SHI token can also be used in the Shibarium and the Shiba Inu crypto game, which is being scheduled to be released in 2022 as well. Kusama assured in the post that the SHI stablecoin is about to enter the testing period quite soon enough and that its development is also progressing quite well.

Shiba Inu Might Witness a Bullish Price Rally Soon

Before this big announcement, SHIB developers also made their big announcement to enter into the metaverse that encouraged more Ethereum whales to buy millions of dollars worth of SHIB tokens. Shiba Inu also recently burnt millions of tokens which also spiked its market value drastically. This exercise basically reduces the supply of coins in the market, helping the prices to go up. Besides these initiatives, the Shiba Inu team also partnered with a restaurant in Naples, Italy, named Welly's. The restaurant adopted this blockchain technology to run operations. This was the first time real-world use case that SHIB developers undertook. If you are someone waiting for a signal to invest in Shiba Inu, this might turn into a golden opportunity. The crypto bear market has inherently disturbed the price movements of several major cryptocurrencies. But as most digital assets continue to plummet, volatile meme coins like Shiba Inu have embarked on their recovery journeys. SHI is expected to act as the new lifeline for Shiba Inu. But only time will tell if actually it will aid in enhancing SHIB's market dominance in the long run and attract more investors to it.