Shiba Inu: SHIB developers launch DOGGY DAO

The Memecoins shaped the crypto landscape in 2021 and they are also making headlines this year. The so-called Doggy DAO was started at Shiba Inu (SHIB), a decentralized and autonomous organization that allows investors who are invested in the SHIB ecosystem to make decisions together.

Specifically, the community can now manage the decentralized ShibaSwap exchange itself. With the go-ahead, however, the beta, which bears the title DAO 1, begins first. First of all, it will be a matter of voting on the trading pairs on ShibaSwap. If you want to participate, you need BONE and have to take part in the staking. BONE is the DAO's governance token.

Later on, the developers plan to start DAO 2 to allow the community, among other things, to formulate open proposals and put them to a vote.

SHIB remains flat

In the meantime, this could not bother the market, because most investors are still in hibernation. This is particularly noticeable in the lower volume and in the low price fluctuations on the market.

At the moment, it is therefore likely to be of greater importance in which direction the Bitcoin course will turn in the coming weeks. Should SHIB fall, special attention should be paid to the possible support at $ 0.00003, as this was asserted on December 4 and December 20, 2021.

In the event of a bullish breakout, it would first have to successfully break the resistance at $ 0.00004 to consider hitting the November 30, 2021 high.

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