Popular meme coin Shiba Inu (SHIB), with a significant development, deleted another zero from its transaction value. The cryptocurrency has witnessed a notable increase in its price and currently stands at $0.00001003. This represents a 5.7% increase over the last 24 hours.
What Does “Erasing a Zero” Mean for SHIB?
Koinfinans.com As we reported at , the concept of “erasing a zero” has become a symbolic and celebratory milestone in the Shiba Inu community, especially during the great bull run of 2021. This expression means that the SHIB price falls one decimal place while gaining value, that is, it moves the decimal point one place to the right. During the 2021 surge, SHIB was frequently “erasing zeros,” a phenomenon that galvanized its community. Each event was not just a numerical change, but a representation of growth in the cryptocurrency’s market value and investor interest.
Its market is experiencing a widespread uptrend, with most digital assets turning green. This positive trend is largely due to spot Bitcoin ETFThis is attributed to the recent approval of the SEC. This confirmation sent a new wave of optimism into the market, pushing up the prices of various cryptocurrencies, including the Shiba Inu.
Kusama’s Big Plans
Shytoshi Kusama outlined her ambitious plans for the future of the token. In a series of tweets, Kusama emphasized the development of a “network state” and the integration of SHIB into the broader internet infrastructure. This plan also includes the use of SHIB name tokens. This move is seen as an important step towards filling the gap between the traditional internet and the developing Web 3.0 world.