In recent months, the market has not been too kind to the vast majority of cryptocurrencies, with meme coins suffering one of the heaviest losses. Although many internet-inspired currencies will not survive this crypto winter, since most of them lack real-life utility, there will be a notable exception.
Shiba Inu (SHIB) is looking to make a comeback to push Doge (DOGE) and other meme coins from the crypto Olympus. In today’s editorial, I would like to discuss why Shiba Inu (SHIB) is in its strongest position in years and why Persystic Token (PSYS) could be the hottest project of the summer.
Soon after its inception in 2020, the team behind Shiba Inu (SHIB) realised that the project would not get far purely on the meme legacy. Since then, a vast ecosystem called ‘Shibaverse’ has been in continuous development to enable users of this cryptocurrency to harness the power of blockchain to the fullest extent. And with recent news coming from the camp of developers, we are finally on the verge of entering the ‘Shibaverse’.
According to a recent announcement, the project’s much-anticipated game, “Shiba Eternity”, will arrive soon. Following the announcement, Shiba Inu developers posted a teaser on the cryptocurrency’s official Twitter account, promising to deliver the “best collectible game on the planet.” Shiba Inu’s team of developers 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, announced another update for the meme coin 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 that will play a vital role in wider applications across the vast Shiba Inu ecosystem, including the aforementioned game.
Overall, with a market cap of over $5.7 billion, Shiba Inu (SHIB) is currently the world’s 14th largest cryptocurrency, and judging by the massive changes coming to the Shibaverse, the project looks more robust than ever.
Decentralised Social Media: Persystic Token (PSYS) Star Is Rising
After the recent announcement of Elon Musk not purchasing Twitter, after all, the place of the next big social media remains vacant. And since it is unlikely that there will be a next Tik Tok anytime soon, the next gem will likely appear from the crypto domain. Potentially, Persystic (PSYS) has the potential to claim Mount Olympus and become the next big thing in the crypto and social media domain.
Persystic (PSYS) took the best parts of blockchain technology to create a dynamic platform where people retain their fundamental right to free speech without worrying about being cancelled. In traditional social media, users do not entirely own their content as it can be taken down or demonetised. However, Persystic (PSYS) offers an alternative to such an approach by making creators sole owners of their content, which is entirely secured and immutable.
Such a model provides room for developers to produce authentic content, allows them to take content down from the network permanently and enables them to be fairly compensated for their work. Powered by the Binance Smart Chain, the Persystic project retains vast interoperability and cross-chain functionality of the Ethereum blockchain, with significantly lower transaction fees (gas fees). Considering all this, Persystic (PSYS) has the potential to become a standardised and decentralised platform for the next generation of social media.
Persystic Token (PSYS)
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