Having a difficult time in terms of price, Shiba Inu (SHIB) aims to gain momentum with new cold wallets that it will launch under its own brand. Details regarding the SHIB×Tangem cold wallet have surfaced today.
Shiba Inu announces pre-order date for their cold wallets
According to the official Twitter account of the SHIB ecosystem, the highly anticipated Shiba Inu cold wallets will be available for pre-order on May 29. Shiba Inu is working with Swiss-based cryptocurrency hardware wallet manufacturer Tangem on this project.
With the cold wallet, users will be able to keep SHIB and other cryptocurrencies under their own surveillance. According to the announcement, the wallet will have the capacity to support up to 6,000 currencies.
Lucie Sasnikova, one of the leading names in the SHIB community, mentioned that the wallet will provide users with easy access to DeFi, DEX, NFTs and start offers. According to the Shiba Inu marketing team’s explanation, the cold wallet size will be similar to that of a credit card. Therefore, it offers innovative solutions in terms of ease of use.
Features of Tangem SHIB wallet
Cold wallets will have a similar design to a regular credit card. In this way, they can be used via a smartphone. This feature was very important to SHIB owners. Compared to other cold wallets, it provides significant ‘portability’. It also has a “smart backup” feature that prevents users from losing access to their wallets.
This feature is accomplished with add-on cards that use seed words as a backup source. For this reason, Tangem Wallet is usually sold in sets of two or three cards.
The features and prospects of the cold wallet, and the role it will play once it goes live on the Shibarium network, are reasons to be excited. Meanwhile, no external batteries or cables will be required to use the hardware wallet. Users will only need to connect their mobile devices.
At the same time, users will not need to upload their personal data for the card to work. After passing Kudelski Security’s independent evaluation, the card earned secure and EAL6+ security certification and the Near field communication (NFC) technology it uses.
Shiba Inu price under bears control despite announcement
As a meme coin, Shiba Inu is expected to respond to news like this with optimal growth momentum. However, in the hours following the pre-order date’s announcement, the SHIB price is on the decline. Currently, the last 24-hour loss is at 1.5%.
Whales carry heavy SHIB
The latest developments surrounding the Shiba Inu have been whale transactions carrying 20 trillion SHIB within hours. cryptocoin.com We have included the details of gigantic transactions in this article. On the other hand, according to some financial experts, the Shiba Inu is falling out of favor for investor interest. The crypto community complains about the SHIB team, which has made no tangible progress despite making countless promises.
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