'Dogecoin Killer' Shiba Inu Surges 14% Past Week, Prepares DAO Launch To Empower Holders With Voting Rights
Portfolio Pulse from Khyathi Dalal
Shiba Inu (SHIB) has surged 14% over the past week due to community developments and positive trader outlooks. The cryptocurrency plans to launch a decentralized autonomous organization (DAO) to empower holders with voting rights, enhancing its governance structure. Increased transactions and bullish sentiment suggest potential further gains.
August 26, 2024 | 12:17 pm
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Shiba Inu (SHIB) has seen a 14% price increase over the past week, driven by plans to launch a DAO, which will give holders voting rights. This move is expected to strengthen its governance and community engagement, potentially leading to further price increases.
The announcement of a DAO launch is a significant development for Shiba Inu, as it enhances community involvement and governance. The increase in large transactions and active addresses, along with a predominantly bullish sentiment, supports the potential for further price appreciation.
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