It’s Time For Shiba Inu To Shine, Says David Gokhshtein

Shiba Inu fan David Gokhshtein believes that the popular meme coin would do “epic shit”, tweeting he has “enough SHIB” at the moment.

His comments suggest that he recently purchased more of these well-known meme coins and is now anticipating a rise in the price.

Gokhshtein, who is also the founder of Gokhshtein Media, supported the memecoin throughout last year and believes the metaverse that is currently being created will succeed once it is launched.

Previously, the crypto enthusiast commented about how those who invested in the Shiba Inu meme coin early on, upon its inception in 2020, probably made millions of dollars while others missed the opportunity.

Gokhshtein claimed that not all meme coins have the same potential for success as Shiba Inu does. Despite his “extensive research”, he hasn’t yet come across anything that can be compared to SHIB.

Apart from SHIB, David also admitted to holding DOGE in his portfolio as he expects both the popular meme tokens to skyrocket during the next bull run on the crypto market.

That said, Shiba Inu’s performance in 2023 is quite notable. SHIB rose over 87% in Feb this year catching the attention of traders and investors alike.

Now the token has gained further precedence over the imminent launch of its scaling protocol.

Shiba Inu’s Project Lead Announced An Important Update

As reported by TronWeekly, Shiba Inu’s lead developer Shytoshi Kusama has launched a new website and intake system. According to the blog published by the team, the new site will contain projects proposed by developers, content creators, business owners, and job seekers.

It’ll allow us to meet the army and remain organized in the process. It’ll allow us to grow Shibarium’s reach with professional companies, and allow us to reset our relationships with businesses that we’ve connected to in the past. Finally, it’ll help us find the right validators.

As the intake system goes live, the team said it will be updating the Wiki and releasing further information about Shibarium’s beta launch soon.

Similar to other layer-2 scaling solutions like Polygon [MATIC], Shibarium is set to ramp up transaction speed and lower costs in the Shiba Inu ecosystem.

At the time of writing this post, SHIB is trading at $0.00001242, down by 2% in the daily index, according to CoinMarketCap.