In an announcement on X, Lucie (@LucieSHIB), the marketing lead for Shiba Inu, delineated the commitment of the Shiba Inu team towards implementing a robust governance framework centered around their digital asset LEASH. With a fixed supply of 107,000 units, LEASH serves as a key financial asset and as a linchpin in the governance structure of the Shib ecosystem, particularly within the Shib State’s Environmental Council.

Shiba Inu’s Solution For Decentralized Governance

Lucie emphasized LEASH’s critical role in the Environmental Council’s Protection & Policy branch, a new initiative within the Shib State aimed at reinforcing the ethical standards and sustainability goals of the community. This branch is tasked with protecting the community’s rights and ensuring adherence to its values through a system that prevents misuse of power by any governance branch or individual within the ecosystem.

The responsibilities of the Protection & Policy branch are foundational to the maintenance of the Shib ecosystem’s integrity and align with the directives laid out in “The Canine Code.” This document serves as the ethical constitution of the community, guiding the creation, implementation, and oversight of policies.

The branch focuses on several key areas: the protection of rights and values of community members, implementing and maintaining an oversight system robust enough to identify and prevent potential abuses of power within the governance structures and formulating policies that reflect the principles of The Canine Code and enforcing them across the Shib ecosystem.

The exclusivity of LEASH is by design, limiting its supply to 107,000 tokens to highlight its value and strategic importance. This exclusivity affords LEASH holders unique access to launches and initiatives within the Shib ecosystem. Lucie explained, “Leash is not only a premium asset but also serves as a gateway to exclusive Shib ecosystem launches and initiatives. This unique status aligns with Shib’s broader goals of ethical governance and environmental responsibility, offering holders special access and benefits.”

As Bitcoinist reported yesterday, LEASH holders received an exclusive gift just this week. LEASH holders have early access to the beta version of the first Shibarium-based Web3 game in the Shiba Inu ecosystem, Shiba Eternity, before all other users, including Shiboshi NFT holders.

Lucie also reinforced the dual role of LEASH in environmental and ethical governance. The Environmental Council, underpinned by the activities of the Protection & Policy branch, is actively engaged in developing initiatives and policies that focus on sustainability and ethical governance. This commitment is a response to growing demands within the crypto community for greater responsibility and accountability in project governance.

At press time, SHIB traded at $0.00001418.

As Bitcoin nears $70,000, many altcoins are set for major growth. This surge is fueled by new blockchain technologies and market trends. Digital assets are also evolving, and this might offer investors the chance to earn. Let’s explore this topic further and see what altcoins can surge in the next period of time.

Also Read: Shiba Inu (SHIB) & Dogecoin (DOGE) Weekend Price Prediction

Altcoin Surge: Exploring Blockchain Innovations and Future Trends

1. NEAR Protocol (NEAR)

NEAR Protocol’s scalable platform could see rapid growth as blockchain adoption increases. It’s projected to surge 231.60% to $14.48 by September 2024 from its current $4.50 price.

The Fear & Greed Index at 34 suggests caution. However, NEAR’s 14-day RSI of 48.15 and 15.44% volatility hint at a breakout. Its 40% green days last month support this.

2. Arweave (AR)

Arweave’s permanent storage solution may become crucial in the data economy. Forecasts place AR at $34.86 by September 2024, a 39.52% jump from $25.17.

The Fear & Greed Index is at 34. Yet, AR’s slightly bullish 14-day RSI of 54.20 suggests strength. With 47% green days and 17.24% volatility, AR seems to be gaining momentum despite market uncertainty.

Also Read: BTC Fees Surge 120x: Babylon Staking Frenzy Shakes the Market!

3. Dogecoin (DOGE)

Dogecoin is still one of the most popular altcoins on the market. That said, it still has some challenges to deal with. It’s expected to drop to $0.091335 by September 2024, a 13.96% decrease from $0.10708.

The Fear & Greed Index is 34, reflecting market scepticism. DOGE’s neutral 14-day RSI of 48.69 indicates a holding pattern. With 30% green days and 11.10% volatility, DOGE appears to be consolidating.

4. Fantom (FTM)

Fantom’s fast blockchain might surprise investors. It’s expected to rise 3.56% to $0.499224 by September 2024 from $0.493645.

The Fear & Greed Index is 34. However, FTM’s bullish 14-day RSI of 63.91 shows strength. With 50% green days and 13.21% volatility, FTM seems to be doing well

Also Read: Binance Coin: BNB Price Prediction For September 2024

5. Chainlink (LINK)

Chainlink’s Oracle network is extremely important but it is under pressure. It’s expected to drop to $8.16 by September 2024, a 29.44% decrease from $11.70

The Fear & Greed Index is 34. However, LINK’s 14-day RSI of 53.64 shows strength. With 47% green days and 12.52% volatility, LINK might be gearing up for a rebound.

6. Avalanche (AVAX)

Avalanche’s DeFi-friendly platform might lead the altcoin surge. Not very surprising, right? It’s projected to rise 225.80% to $85.11 by September 2024 from $25.94.

The Fear & Greed Index is low at 34. However, AVAX’s bullish 14-day RSI of 59.73 shows momentum. With 40% green days and 12.76% volatility, AVAX could be gearing up for a strong run.

Also Read: Top 3 Cryptocurrencies That Could Rally This Weekend

7. Theta Altcoin (THETA)

Theta’s video streaming solution could transform content delivery. A 6.51% increase to $1.408884 is predicted by September 2024 from $1.337002.

The Fear & Greed Index is 34. THETA’s 14-day RSI of 58.35 is slightly bullish. With 43% green days and 11.32% volatility, THETA is steadily gaining ground.

8. Render Altcoin (RENDER)

Render Token’s decentralized rendering could revolutionize graphics. A 231.27% rise to $16.88 is forecast by September 2024 from $5.20.

The Fear & Greed Index is 34. RENDER’s neutral 14-day RSI of 47.26 masks its potential. With 37% green days and 14.79% volatility, RENDER may be underestimated.

Also Read: S&P 500 Index To Reach 6,000: Explains Analyst

As Bitcoin climbs, these altcoins show some great growth potential, so why not take advantage of it? The changing digital asset market offers some exciting crypto opportunities, and we will present them to you!