The Shiba Inu Ecosystem team used the X platform to send warm wishes to members of the SHIB community to commemorate the Lunar New Year.
In a tweet yesterday, the team wished SHIB holders a “Happy Lunar New Year.” The team also highlighted their vision to make the new season the most prosperous year for Shiba Inu enthusiasts.
SHIB and other cryptos surge on Lunar New Year
It is no longer news that East Asia recently ushered in its biggest festival, dubbed the Lunar New Year. According to local residents, Lunar New Year 2024 will become one of the luckiest seasons. It is interesting to note that Chinese New Year is celebrated as the “The Year of the Dragon.”
According to the Chinese zodiac, the dragon represents strength, power and good fortune. The symbolic nature of Chinese New Year 2024 is reflected in the crypto market. The prices of various crypto assets have surged significantly, with Bitcoin leading the way.
Data from CoinGecko shows that Bitcoin (BTC) climbed to around $48,000 while the price of Ethereum (ETH) surpassed $2,5000.
Shiba Inu was notably included in the recent rally, with the asset jumping 2% in 24 hours to around $0.00000944. As a result, many Shiba Inu enthusiasts are hoping that bulls will continue to take over the market, which could push the cryptocurrency to the psychological price of $0.00001.
Team Shiba Inu plans for 2024
Meanwhile, the Shiba Inu team is working tirelessly to make 2024 a prosperous year for investors. The team has made significant progress in its quest to revolutionize digital identity in the Web 3.0 industry.
As reported Earlier, the team partnered with D3 Global for an initiative that could give rise to the much-awaited Shib Name Service (SNS). The SNS solution will serve as a universal key to unlock the different Web 3.0 protocols.
Another plan Shiba Inu has this year to make its L2 Shibarium blockchain awesome. The network continued to see widespread adoption, as shown by the total number of transactions.
As of press time, Shibarium has processed over 341 million transactions in less than six months. So far, 2024 has gone well for Shiba Inu. Shibarium recently reached an important milestone after doubling the number of its user accounts to more than 63,000 in just ten weeks.
Additionally, Robinhood recently in partnership with Metamask allows its users to easily purchase various crypto assets including Shiba Inu.
As 2024 progresses, Shiba Inu is expected to record significant achievements that could make the year prosperous for SHIB holders.