Shiba Inu: Will UAE Partnership Push Price To $0.00003?


Shiba Inu (SHIB) has inked a new partnership with the United Arab Emirates Ministry of Energy and Infrastructure (MoEI).

The focus of this alliance is to advance the “next-generation, Web3 solutions in energy, infrastructure, and beyond.”

In achieving this, the Shiba Inu team believes it will further solidify its reputation as “a global leader in digital transformation.”

Shiba Inu and the MOEI Partnership

On X, dhelSHIB, a renowned SHIB advocate, described the new deal as a game-changing partnership and a historic move.

As part of the alliance, Shiba Inu will push blockchain technology into the government sector, easing specific operations.

This includes green infrastructure enhancements and citizen-focused governance models.

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With the integration of this solution, MoEI aims to achieve revolutionized efficiency, transparency, and service delivery.

The Undersecretary for Energy and Petroleum Affairs at MoEI, His Excellency Eng Sharif Al Olama, noted that the partnership represents a pivotal moment in the nation’s journey toward redefining government services.

Of all Shiba Inu’s blockchain solutions, its Operational System (ShibOS) will help in unifying development across MoEI operations.

This partnership is a significant milestone for Shiba Inu, primarily as it seeks expansion into real-world applications beyond the digital asset industry.

Proponents of the partnership noted that the broader Web3 is bound to benefit from this alliance as it brings a unique highlight to the market.

Shiba Inu and Growing Ecosystems Partnerships

This new integration with MoEI is one of Shiba Inu’s recent partnerships.

Less than two months ago, Shiba Inu’s Layer-2 scaling solution, Shibarium, partnered with Chainlink.

Per the terms of this linkup, the memecoin said it will integrate the Cross Chain Interoperability Protocol (CCIP).

This deal aims to enhance cross-chain functionality and boost Decentralized Applications (dApps) scalability.

In October, Shiba Inu partnered with ‘Mass Build,’ hinting it would be the new ‘financial layer of the Shiba State.’

This entity boasts of remarkable Artificial Intelligence AI-driven solutions. Stripe, an online payments company that partners with Mass, backed this venture.

A few months before the alliance with Mass Build, top payment firms Visa and MasterCard inked a strategic deal with Shiba Inu.

As a result of this partnership, users get to buy BONE and USDC using the partner platforms.

This served as Shiba Inu’s strategy to simplify the process for both newbies and seasoned users. Ultimately, its goal is to boost the overall adoption of the SHIB ecosystem.

Amid its push for expansion, Shiba Inu also has a functional collaboration with K9 Finance and Zama

SHIB Pivot to Tech Powerhouse and Price Outlook

Markedly, SHIB’s alliance with Mass Build reflects the protocol’s pivot towards tech, as does the deal with the Ministry of Energy and Infrastructure.

With such strategic collaborations, it may only be a matter of time before the SHIB token achieves stability in the market.

In the past 24 hours, SHIB has exhibited extreme volatility, with its price experiencing an intense dip.

The cryptocurrency saw a sharp dip to $0.000012 before recovering to a high of $0.00001622.

This indicates heightened market fluctuations and active trading but with most traders suffering liquidations.

As of February 4, the token has seen fluctuations, including a slight price recovery.

At the time of this writing, SHIB’s price traded at $0.00001596, up slightly by 0.31% in the last 24 hours.



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