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 recent gasoline 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 should 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” May it have something to with a brand new partnershib or perhaps 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 just lately as Christmas Eve, Kusama tweeted that Shibarium can be launched very quickly, emphasizing the significance of subsequent 12 months for the mission:
Joyful Holidays to greater than half the world. Wen Shibarium? Please know it can come very quickly*, however not throughout an important time for folks to spend with their household (or the ensuing New Years social gathering time). Take pleasure in these subsequent days, subsequent 12 months is a crucial one for humanity.
Subsequently, most likely the most popular wager for the mysterious announcement could possibly 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 purpose of the layer-2 blockchain is to put the groundwork for constructing the Shiba Inu ecosystem, which can include a metaverse, a DEX, and blockchain video games. Shibarium has been in improvement for fairly a while.
One other developer, Trophias, put the brakes on the discharge just lately. He mentioned that Shibarium wants extra time as a result of the launch must be performed fastidiously.
However, the SHIB group speculates that the announcement could possibly be a brand new partnership with one other blockchain firm. Nonetheless, there are not any conclusive indications as to who the corporate could possibly be.
Shiba Inu (SHIB) Worth Caught In Downtrend
A brand new increase for the Shiba Inu value could be a welcoming reward for traders within the meme coin. Because the 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 even if the token enjoys very excessive popularity. As Binance made public on December 19, SHIB is among the high 3 most watched crypto belongings on the trade in 2022, alongside Bitcoin and Ethereum.
Nonetheless, even the current announcement of the Shiba Inu lead developer has not been in a position to transfer the value. Inside 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 gone by.
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.
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 could be key.
Featured picture from VOI, Charts from TradingView.com
