Shiba Inu Turns On DeFi Mode: Can SHIB Regain Momentum?
Shiba Inu (SHIB), one of the most popular meme coins in the market, has just taken a new step in its journey to become a comprehensive DeFi platform. With the implementation of a series of new features, including an automatic token burning mechanism and a multi-protocol yield-integrated staking system, the SHIB community is expecting a big boost to help the token price regain momentum.
DeFi comprehensive upgrade Automatic SHIB burning and enhanced staking yield
Shiba Inu's layer 2 blockchain Shibarium has now integrated an automatic SHIB burning mechanism based on user activity. Specifically, every time a user trades, stakes, or swaps tokens in the Shiba Inu ecosystem, a small portion of SHIB will be burned permanently, reducing the circulating supply and supporting the potential for price appreciation.
In parallel, the new staking system on Shibarium allows for yield optimization through Precision LPs focused on specific tokens to maximize capital efficiency. The ecosystem's four powerhouses SHIB, BONE, LEASH, and TREAT are all deeply integrated into the new staking strategies, providing more flexible options for users.
In particular, smoother cross-chain bridges and LP locking features according to expected price zones also help professional on-chain investors optimize yield and reduce volatility risks.
SHIB price is fluctuating around the average zone Are the bulls back?
The latest technical data shows that SHIB is trading near the current Bollinger Band average of $0.00001260. The bulls are trying to push the price above the minor resistance at $0.00001286. If the daily candle closes above this threshold, the Bull Bear Power (BBP) indicator will turn bullish, opening a positive signal for a recovery.
However, SHIB's trading volume in the spot market is still weak, mostly fluctuating below $200 million per day since May. This shows that the buying power has not really broken out, and SHIB still needs more catalysts to overcome short-term selling pressure.
Why are these changes important?
Although once considered a "pure meme coin", Shiba Inu is gradually repositioning itself as a serious DeFi platform. The new changes not only help increase the applicability of the SHIB token but also retain the community and attract long-term cash flow, which is necessary to break the short-term speculative cycle associated with these coins.
Conclusion
Shiba Inu is transforming strongly, from a mere meme coin to a multi-functional DeFi ecosystem. Combining the automatic burning mechanism with high yield staking and upgraded technical infrastructure on Shibarium could be the key to help SHIB regain its growth momentum in the coming time.
However, to truly enter a sustainable growth cycle, Shiba Inu will need to maintain the momentum of the ecosystem, while attracting new capital flows from both the community and institutional investors.