Cryptocurrency

Shiba Inu Lead Developer Teases Exciting Developments. Is SHIB Gearing Up for Notable Recovery? Details

Shiba Inu (SHIB) lead developer, Shytoshi Kusama, recently addressed his social media inactivity, shedding light on his intriguing interactions with key figures and platforms in the crypto space.

In a Telegram message, Kusama explained, “I’ve been talking to VERY important individuals and some top in the community for the next phase. Now I can return and support in any way I can as we keep building. We have also been busy with platforms to support the community and begin this network state.”

Kusama disclosed that he has been engaging in conversations with influential individuals and community leaders, hinting at upcoming developments for Shiba Inu (SHIB).

Kusama’s remarks have sparked optimism within the Shiba Inu community, suggesting that these interactions could pave the way for exciting collaborations and herald a new era for the project. As Kusama succinctly put it, “Sometimes silence is the best weapon.”

This development has intrigued crypto analysts and users, and major partnerships could help increase SHIB’s price. However, this news has not brought any significant price movement for SHIB.

Currently trading at $0.000007333, SHIB is up 4.28% in the past 24 hours and 3.13% in the past 7 days. However, SHIB is still down 2.70% in the past month, and it might be trying to reclaim its former price points and recover from the losses during the month.

In addition to the excitement surrounding potential collaborations, experts in the crypto world are emphasizing the importance of mass adoption and the continued development of Shibarium, Shiba Inu’s layer-2 blockchain solution.

Shibarium officially relaunched in August and swiftly caught the attention of the crypto community. At launch, it achieved remarkable milestones in terms of transaction volume, the number of wallets, and overall network activity.

It surpassed 1.1 million transactions and 1.1 million wallets in nine days but later lost its grip on adoption which could be seen on its daily transaction count. However, the launch of Shibarium brought initiatives shared by SHIB ecosystem official Lucie (@LucieSHIB), which could boost SHIB’s price.

These developments show potential significant growth in SHIB’s future. The community is eagerly waiting for Kusama’s announcements, and everyone wants to see how these partnerships will shape SHIB’s future.

Last month, Kusama shared his belief that SHIB needed adoption and not only token burns to see an increase in price. With potential partnerships on the horizon, SHIB might be gearing up for a bull run.


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Tobi Loba

Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.

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