Whereas the Shiba Inu (SHIB) worth 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 neighborhood 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 neighborhood is now puzzling over whether or not the mysterious announcement might need to 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 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 might be launched very quickly, emphasizing the significance of subsequent yr for the venture:
Joyful Holidays to greater than half the world. Wen Shibarium? Please know it would come very quickly*, however not throughout an important time for individuals to spend with their household (or the ensuing New Years social gathering time). Take pleasure in these subsequent days, subsequent yr is a vital one for humanity.
Due to this fact, in all probability the most well liked wager for the mysterious announcement might be Shibarium. The Shiba Inu neighborhood is at the moment 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 drawback.
The purpose 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 just lately. He mentioned that Shibarium wants extra time as a result of the launch must be accomplished fastidiously.
Alternatively, the SHIB neighborhood speculates that the announcement might be a brand new partnership with one other blockchain firm. Nonetheless, there are not 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 worth could be a welcoming reward for traders 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 prime 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 capable of transfer the value. Throughout the final 24 hours, SHIB is posting a marginal achieve of 0.04%, and during the last seven days, a lack of 1.1%. The buying and selling quantity is right down to $59 million within the final 24 hours, an 8% drop from the day before today.
A take a look at the 4-hour chart of SHIB reveals that the token has been stagnating in a sideways pattern 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 worth. To construct momentum, the $0.00001029 resistance could be key.
Featured picture from VOI, Charts from TradingView.com