Shiba Inu developments continue to shape progress
The decreasing correlation is noteworthy, as Shiba Inu seems to be on the path of creating a trajectory for itself as developments in its ecosystem shape its progress.For instance, Shiba Inu was a top gainer in July, closing the month by over 12%. Kaiko noted that this price boost was spurred by a wave of developer activity on the network. That particular month saw the introduction of self-sovereign identity as well as progress on Shibarium.
However, the tide changed as Shiba Inu erased the gains after Shibarium paused shortly after its Aug. 16 launch. Shiba Inu has yet to rebound from the August falls and is currently down by 7.13% in September.
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