- The TREAT token signals Shiba Inu’s transition from a meme coin to a serious contender in the DeFi space.
- TREAT leverages FHE to enable private and secure transactions across various DeFi applications within the Shiba ecosystem.
- Shiba Inu aims to create a complete on-chain “Network State OS,” offering a suite of secure, privacy-protected DeFi tools for its community.
Shiba Inu (SHIB) is making waves again with the launch of its TREAT token. This decision demonstrates Shiba’s ambition to move beyond its meme coin status and become a major player in the decentralized finance (DeFi) space. Let’s explore what TREAT means for Shiba Inu.
TREAT positions itself as a privacy-focused DeFi that would unlock the potential of fully homomorphic encryption (FHE) within the Shiba ecosystem. FHE allows complex calculations on encrypted data. This feature is configured to enable private transactions on various DeFi applications such as lending, borrowing, and token management.
More importantly, TREAT will lay the foundation for Shiba Inu to develop a complete “network state operating system” on the blockchain. Rand Hindi, CEO of Zama, a crypto company, highlights Shiba’s evolution into a “network state.” This concept refers to a community built around a shared vision, and for Shiba, this vision fosters a fun and accessible DeFi experience.
Millions of Shiba enthusiasts, or “Shibizens,” are already actively participating in the Shiba ecosystem. This operating system would run entirely on-chain, offering fans a suite of secure, privacy-protected DeFi tools. Shiba’s lead developer, Shytoshi Kusama, highlights the long-term potential of TO TREAThinting at a future filled with innovative products built by the Shiba development team.
Potential Gains for Shiba Inu Investors
Although the future remains uncertain, the launch of TREAT demonstrates Shiba Inu’s commitment to growth and innovation. Here is how we can potentially benefit from it:
The first is that early investment in a potentially revolutionary project such as Shiba’s Network State operating system could lead to significant gains if the project prospers. If one believes in Shiba’s vision and the usefulness of TREAT, holding on to SHIB tokens could be lucrative in the long term.
Meanwhile, the weekly Shiba Inu chart is giving bullish signals, exciting traders. The 21-day simple moving average (SMA) has crossed above the 50-day SMA, a classic bullish crossover. The Relative Strength Index (RSI) is climbing above 65, indicating strong bullish momentum.
Additionally, the Stochastic RSI (SRSI) looks very similar to its pattern during a previous pump. Technical analysts are closely monitoring potential targets at the 0.786 and 1 Fibonacci retracement levels.
However, this is not financial advice; The cryptocurrency market is inherently volatile. One should always conduct thorough research before investing in any crypto project, including SHIB and TREAT.