According to the latest news, the next 2 updates turns Shiba Inu into privacy coin:
- The non-custodial privacy dApp Bermuda announced support for Shiba Inu (SHIB) allowing its users to conduct anonymous transactions.
- The Shiba Inu ecosystem continues to expand as the community eagerly awaits the launch of the Layer-2 Shibarium protocol.
Is it on the whole possible to turn a regular coin into privacy one? And does that mean that its rate will now start growing?
On the contrary, I think otherwise, if it become a privacy coin then investors are going to stay away with it. Haven't you notice any privacy coin such as Monero having a good run during the last bull run? The reason is that regulars are hot on their tail, and some of the biggest exchanges have delisted Monero because of the pressures from regulators.
For me it's a bad move for Shiba to dig their hands on the privacy coin niche. It could be their downfall, just saying.