Shiba Inu has surged to the forefront of the altcoin market, with its recent success being attributed to substantial whale influence. This development signals a promising 18% rally for the well-known cryptocurrency. As the altcoin industry grapples with decentralization issues, Shiba Inu shines as a standout example amid the ongoing evolution.
Over the years, the altcoin industry has been tackling the decentralization dimension of the blockchain trilemma. While scalability and security have been addressed through the adoption of layer one and layer two chains, achieving greater decentralization in altcoin distribution remains a work in progress in many projects.