Whereas the Shiba Inu (SHIB) value has been stagnant since mid-November, the most recent cryptic information from the meme cryptocurrency’s lead developer might present contemporary gas for a rally. Because the SHIB group noticed, Shytoshi Kusama has as soon as once more up to date his profile.
The Shiba Inu lead developer’s standing now reads “We Are Not Alone.” As well as, Kusama’s present Twitter location says, “With a brand new fren…guess who?” The SHIB group is now puzzling over whether or not the mysterious announcement might must do with a brand new partnership or the launch of Shibarium, a layer 2 resolution.
Hey $SHIB Household @ShytoshiKusama has as soon as once more up to date his profile. “We Are Not Alone” and “With a brand new fren…Guess Who” Might it have something to with a brand new partnershib or possibly even #SHIBARIUM? I’m stumped. Assist me out right here household. pic.twitter.com/fX6AAhTpUB
— Shib Dream * Shiba Inu Information * Shib Military Social 💎 (@theshibdream) December 27, 2022
As not too long ago as Christmas Eve, Kusama tweeted that Shibarium will probably be launched very quickly, emphasizing the significance of subsequent 12 months for the venture:
Blissful Holidays to greater than half the world. Wen Shibarium? Please know it can come very quickly*, however not throughout an important time for individuals to spend with their household (or the ensuing New Years get together time). Take pleasure in these subsequent days, subsequent 12 months is a vital one for humanity.
Due to this fact, in all probability the most well liked guess for the mysterious announcement might be Shibarium. The Shiba Inu group is presently eagerly anticipating its launch. Shibarium is a layer-2 blockchain resolution for Shiba Inu that targets Ethereum’s excessive transaction value and low transaction velocity downside.
The aim of the layer-2 blockchain is to put the groundwork for constructing the Shiba Inu ecosystem, which is able to include a metaverse, a DEX, and blockchain video games. Shibarium has been in growth for fairly a while.
One other developer, Trophias, put the brakes on the discharge not too long ago. He stated that Shibarium wants extra time as a result of the launch must be achieved rigorously.
However, the SHIB group speculates that the announcement might be a brand new partnership with one other blockchain firm. Nonetheless, there aren’t any conclusive indications as to who the corporate might be.
Shiba Inu (SHIB) Value Caught In Downtrend
A brand new enhance for the Shiba Inu value can be a welcoming present for buyers within the meme coin. For the reason that starting of the bear market, SHIB has misplaced about 90% of its worth. The all-time excessive was $0.00008819 and was reached on October 28, 2021.
The deep fall of Shiba Inu additionally occurred although the token enjoys very excessive reputation. As Binance made public on December 19, SHIB is likely one of the high 3 most watched crypto property on the change in 2022, alongside Bitcoin and Ethereum.
Nonetheless, even the latest announcement of the Shiba Inu lead developer has not been in a position to transfer the value. Throughout the final 24 hours, SHIB is posting a marginal achieve of 0.04%, and over the past seven days, a lack of 1.1%. The buying and selling quantity is all the way down to $59 million within the final 24 hours, an 8% drop from the day before today.
A have a look at the 4-hour chart of SHIB reveals that the token has been stagnating in a sideways development since mid-November, trending barely decrease. Simply final week, SHIB marked a 6-month low at $0.00000794.
SHIB value, 4-hour chart
The 1-week chart additionally paints a darkish image and divulges the huge crash within the Shiba Inu value. To construct momentum, the $0.00001029 resistance can be key.
SHIB value, 1-week chart
Featured picture from VOI, Charts from TradingView.com
