Crypto News Update; Here’s What You Might Have Missed As Shiba Inu & Solana Are The Topic Of Discussion 

July 9, 2023

SHIB

Shytoshi Kusama, the anonymous lead developer for Shiba Inu, a cryptocurrency project, has shared his vision to create a more decentralized and persistent community for SHIB. He proposed wrapping the existing “Shiba Doggy DAO” with the Cayman Foundation in the blog and to divide the governance into four segments based on the core tokens. He also announced the sponsorship of some blockchain events in Toronto, where he will showcase the completed projects and reveal more details about Shibarium, the L2 network for SHIB.

SOL

Solana experienced over $1 billion of inflows in a single day, which is a record high for the cryptocurrency. Many people have claimed that Solana is challenging Ethereum as the leading platform for decentralized applications and that it has a bright future ahead.

Image via coinmarketcap

There is some truth to SOL challenging ETH, as buying pressure has influenced the asset’s price trajectory, comfortably holding above the $20 support level. In the 7D trajectory, SOL has increased by almost 10%. At the time of writing SOL is valued at $21.82. 

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