The Shiba Inu Ecosystem is known for consistent updates and moves; this time, they have brought forth big news. As announced by Lucie, the marketing dev of the SHIB ecosystem, a Shiba Inu dao is currently under work. The news has compelled investors to consider whether this monumental community change will help SHIB claim a new price of $0.00003.
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Shiba Inu DAO: Details
Per Lucie, a Shiba Inu Dao is currently under construction and will soon be launched for SHIB community members. She later shared expansive details about the project, adding that the new DAO will bring significant utility to SHIB investors and members.
Dubbed the SHIB Doggy DAO Foundation, the decentralized autonomous exchange will be pivotal in ensuring SHIB’s evergreen decentralized future.
“The introduction of the Shib Doggy DAO Foundation is about to become reality, marking the next chapter for Shib State and setting the stage for a fully decentralized and autonomous future.”
Lucie took to X to share more details, adding that the DAO will ensure steady community decisions and their proper execution. The DAO will come with additional elements, including a Doggy Treasury, which will help manage assets and ensure smooth governance across the board.
“The SHIB Doggy DAO Foundation will legally wrap around the DAO. Ensuring that the decisions made by the community are properly executed. It will manage assets like the Doggy Treasury and prevent any future misallocations, providing transparency and security. This move demonstrates to the world that Shib isn’t just another project—it’s a serious player with a long-term vision.”
Lucie added more details about the associated tokens and explained that the governance will be evenly distributed among the SHIB, BONE, LEASH, and TREAT tokens.
“Governance will be split across four key areas: Shib governs the community itself. Bone powers Shib’s technology. Leash offers protection and exclusivity. Treat empowers and funds community projects.”
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The Token’s Price Analysis: Will It Reach $0.00003 Soon?
The DAO launch dubbed “imminent” by Lucie has certainly compelled investors to think about whether the development will help SHIB claim a new price mark.
According to CoinCodex, Shiba Inu may continue to trade at a low pace and may hit a new price level of $0.00001801 by the end of this month.
“According to our current Shiba Inu price prediction. The price of Shiba Inu may rise by 0.83% and reach $0.00001801 by November 16, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 71 (greed). Shiba Inu recorded 16/30 (53%) green days with 11.10% price volatility over the last 30 days. Based on the Shiba Inu forecast, it’s now a good time to buy Shiba Inu.”
CC predicts that SHIB will claim a $0.00003 price level by 2025.
“According to our Shiba Inu price prediction, SHIB may trade within a price range of $0.00001507 and $0.00003802 next year. Shiba Inu will increase by 103.04% and reach $0.00003802 if it reaches the higher value target for 2025.”
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