In recent months, the market hasn’t been too kind to the vast majority of cryptocurrencies, with coins even suffering one of the heaviest losses. Although many internet-inspired currencies will not survive this crypto winter, as most of them lack real utility, there will be one notable exception.
Shiba Inu (SHIB) is looking to make a comeback to push Doge (DOGE) and other Olympus crypto meme coins. In today’s editorial, I’d like to explain why Shiba Inu (SHIB) is in its strongest position in years and why Persystic Token (PSYS) might be the hottest project of the summer.
Shortly after its inception in 2020, the team behind Shiba Inu (SHIB) realized that the project wouldn’t go far solely on the legacy of the meme. Since then, a large ecosystem called “Shibaverse” has been in continuous development to allow users of this cryptocurrency to exploit the power of the blockchain to the fullest. And with the latest news coming from the developer camp, we are finally about to enter the ‘Shibaverse’.
According to a recent announcement, the project’s highly anticipated game, “Shiba Eternity”, will arrive soon. Following the announcement, the developers of Shiba Inu posted a teaser on the cryptocurrency’s official Twitter account, promising to deliver the “best collectible game on the planet.” The Shiba Inu developer team is currently working with PlaySide Studios, a video game developer located in Melbourne, Australia, to ensure the smooth delivery of this game to the masses.
On top of that, the lead developer behind Shiba Inu (SHIB), Shytoshi Kusama, has announced another update for the meme room community. The company plans to launch a stablecoin for the SHIB ecosystem and a reward token. With plans to expand its network, a new reward token called TREAT, will soon be introduced and will play a vital role in wider applications across the vast Shiba Inu ecosystem, including the aforementioned game.
Overall, with a market capitalization of over $5.7 billion, Shiba Inu (SHIB) is currently the 14th largest cryptocurrency in the world, and judging by the massive changes coming to the Shibaverse, the project seems more robust than ever.
Decentralized Social Media: Persystic Token (PSYS) Star Is Rising
After Elon Musk’s recent announcement not to buy Twitter, after all, the place of the next big social network remains vacant. And since there is unlikely to be a next Tik Tok anytime soon, the next gem will likely appear from the crypto realm. Potentially, Persystic (PSYS) has the potential to claim Mount Olympus and become the next big thing in crypto and social media.
Persystic (PSYS) has taken the best elements of blockchain technology to create a dynamic platform where people retain their fundamental right to free speech without worrying about being undone. In traditional social media, users do not fully own their content as it can be taken down or demonetized. However, Persystic (PSYS) offers an alternative to such an approach by making creators the sole owners of their content, which is completely secure and immutable.
Such a model gives developers the ability to produce authentic content, allows them to permanently remove content from the network, and allows them to be fairly compensated for their work. Powered by the Binance smart chain, the Persystic project maintains extensive interoperability and cross-chain functionality of the Ethereum blockchain, with significantly lower transaction fees (gas fees). Given all of this, Persystic (PSYS) has the potential to become a standardized and decentralized platform for the next generation of social media.
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