The price of SHIB may not have changed significantly, despite the positive potential impact of the new wallet version on the overall growth of Shiba Inu.
The Shiba Inu wallet is an intellectual product developed by memecoin and Tangem. This latest version of the hardware wallet can securely and simply store all user’s cryptocurrency assets.
A member of the Shiba Inu community has revealed an email they received from the development team of the platform, stating that the wallets are expected to be released on July 24th.
If the expected products function as anticipated, Shiba Inu will become the first memecoin to launch a dedicated wallet for the developing Shibarium ecosystem. This would be a remarkable achievement that most comprehensive Layer-1 blockchains have yet to accomplish.
Tangem wallet is expected to enhance the security and storage capabilities of tokens linked to memecoins, including BONE and LEASH, along with other token types.
Despite the potential impact on the ecosystem, the SHIB community appears to be less focused on the news of this hardware wallet development. At the time of writing, SHIB is still trading at approximately $0.000008, showing a 1.2% increase in the past 24 hours and a 2.19% increase over the past 7 days.
According to some cryptocurrency observers, while the hardware wallet may not have a direct impact on the memecoin itself, it is designed to contribute to the overall growth of Shiba Inu. This is likely to have fundamental long-term effects on the price of the token.