- Shiba Inu’s pseudonymous project lead, Shytoshi Kusama, publishes a mysterious tweet after a prolonged silence.
- On June 19, Kusama said that development on the Shiba Inu projects is moving well, and a major announcement would be made soon.
- Analysts believe Shiba Inu’s price could continue its uptrend as the meme coin enters the “buy zone.”
Shytoshi Kusama has taken up the leadership of Shiba Inu since the mysterious disappearance of Ryoshi, the founder of the meme coin project. Kusama made a comeback with a mysterious tweet: “Today I write. Tomorrow I will have a LOT to say #Shibarmy.”
The ShibArmy anticipates several new updates on Shibarium, Shiba Inu’s layer-2 solution, and Shiba games. Shytoshi Kusama’s tweet has hyped up the Shiba Inu holder community seeking updates on the status of Shibarium’s development and the tentative launch date.
On June 24, 2022, the Unification Foundation announced in a blog post that the launch of Shibarium’s beta phase is scheduled for the end of Q3 2022. Fifteen days ago, Kusama tweeted to the Shiba Inu community, assuring them that the development of projects was moving quite well on all fronts. Kusama disclosed that over the next few weeks, Shiba Inu holders will begin to see “the things we’ve been working on come to fruition at, what looks to be when Shib (and the world) needs it most.”
The cryptic tweet has triggered speculation in the crypto community, and Shiba Inu holders are awaiting details on the launch of Shibarium’s documentation, Shiba Inu Games, and “Shib: The Metaverse,” among other things.
Interestingly, Shiba Inu’s decentralized exchange ShibaSwap is nearing its first anniversary, and there are speculations that Kusama might announce updates on the platform’s development.
Shiba Inu burn portal Shibburn hit the 410 trillion milestone recently, and the community expects a new mechanism to be implemented for the rapid destruction of SHIB. 41% of Shiba Inu coins from the circulating supply have been permanently deleted, reducing the number of SHIB in circulation.
Shiba Inu’s price chart has revealed “buy signals” as the meme coin wipes out gains from the last two weeks. At the time of writing, Shiba Inu’s price recovered 22% from the slump 14 days ago. The meme coin is primed for a comeback, and SHIB could hit the target of $0.000010 and $0.000011.
SHIB-USDT price chart (Source:TradingView)
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies.