- Shiba Inu is now a partner with the UAE Ministry of Energy and Infrastructure.
- The partnership aims to deliver enhanced services with ShibOS deployment.
The Shiba Inu (SHIB) memecoin recently expanded its global reach with a new partnership with UAE’s Ministry of Energy and Infrastructure (MoEI). Shiba Inu’s marketing lead, Lucie, spotlighted the collaboration in a recent X post, emphasizing its relevance to the ecosystem.
UAE’s Ministry of Energy and Infrastructure Utilizes Shiba Inu’s ShibOS
Lucie noted that the partnership would see UAE’s MoEI utilizing Shiba Inu’s Operating System, ShibOS, to enhance government services. It will also help to boost transparency and improve security.
As mentioned in CNF’s previous news brief, ShibOS lays the groundwork for a completely decentralized future. The platform allows enterprises, governments, and individuals to transition from Web2 to Web3 smoothly.
According to Lucie, Shiba Inu’s operational system will provide real-world utility to the UAE government. This includes its usage in powering smart cities, green infrastructure, and digital governance, establishing Shibarium as a key blockchain solution in the UAE. Additionally, it will help streamline advancements throughout operations in the energy ministry.
Lucie emphasized that the UAE is a prime market for Shibarium adoption as it has one of the highest crypto ownership rates at 25.3%. Moreover, the partnership strengthens Shiba Inu’s institutional and government legacy, broadening its reach beyond memes.
Overall, the UAE partnership highlights Shiba Inu’s potential for innovative solutions. The Shiba Inu ecosystem increasingly seeks to revolutionize business collaboration through a transparent digital platform.
Last year, PayPal allied with MoonPay to facilitate direct purchases of cryptocurrencies, including Shiba Inu, in the U.S. This collaboration allows U.S. users to seamlessly purchase SHIB directly through PayPal, as reviewed in our recent publication.
Furthermore, the Shiba Inu community is driving a potential integration within a cross-chain bridge between Shibarium and Solana. This integration will create a unified platform that allows Solana-based programs to interact effortlessly with the decentralized Shibarium system. As CNF discussed earlier, this would better serve the adoption and utility of both networks.
How SHIB is Reacting, What Next, and Prediction
At press time, SHIB price was trading at $0.00001503, down 6.3% in the last 24 hours. The memecoin rose 20.5% and 33.3% in the past week and month, respectively. Likewise, the daily trading volume declined by 35.4% to $333.5 million, showing dwindling investor interest.
The latest bearish sentiments on SHIB’s price come amid intense volatility in the broader crypto. In the last 24 hours, the global crypto market cap declined by 1.8% to $3.15 trillion.
Analyzing Shiba Inu’s chart shows that the memecoin has crucial support at $0.000016. SHIB’s ability to cross this level will determine its next movement.
Despite the underperformance, crypto market analysts remain bullish about Shiba Inu. As featured in our recent coverage, crypto analyst Professor Crypto suggested that SHIB may soon reclaim $0.0000201.
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