Shiba Inu ‘To The Moon’: Lead Kusama Unveils Key Catalysts
November 22 2024 - 9:30PM
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Shiba Inu (SHIB) is currently consolidating after a massive rally
earlier this month, which saw the token surge to $0.00003046 (on
Binance). However, the momentum waned as SHIB retraced to levels
below $0.00002303. With Bitcoin witnessing a push towards $100,000,
SHIB investors have urged the development team to implement
strategies that could catalyze a substantial rally Key Catalysts
For Shiba Inu Price In response to these appeals, Shytoshi Kusama,
the lead developer of the Shiba Inu ecosystem, addressed the
community’s concerns by highlighting SHIB’s achievements and
catalysts which will enhance the SHIB token valuation. Emphasizing
the token’s prominence on the Ethereum blockchain, Kusama first
stated via X: “‘Hey dude send Shib to the moon.’ Checks we are
still #1 eth token in the world.” Addressing the notion that SHIB
is merely a get-rich-quick scheme, a user commented: “What people
don’t get is this token is about function and not just get rich
quick.” Kusama agreed, replying that a superior technology and
adoption are the key catalyst for the Shiba Inu token price:
“Because through function we change the world and wagmi. No leader.
Lots of tech. Unparalleled vision in the entirety of crypto. What
more can you ask for?” Kusama wrote. Related Reading: Shiba Inu
Could See A 53% Surge If This Resistance Breaks, Analyst Explains
The conversation also turned to SHIB: The Metaverse, a project
anticipated to drive broader adoption of the Shiba Inu ecosystem.
When asked about its launch, Kusama revealed: “I expect a MV update
in the Shib Mag soon :)” SHIB: The Metaverse is envisioned as a
virtual world within the SHIB ecosystem, offering a digital
playground where users can socialize, game, and trade digital
assets. This metaverse aims to integrate Shiba Inu’s community,
tokens, and services like ShibaSwap into a cohesive online
environment. Users will be able to purchase virtual land, create
unique experiences, and potentially mirror real-life businesses.
Concerns about competition from other meme tokens were also
addressed by Kusama. When a user asked about the competition from
Dogecoin (DOGE) and BONK, Kusama emphasized that the SHIB ecosystem
will be on an enterprise level: “I hope all memes do well so that
wagmi. But they are playing ‘I Declare War’ and I am on the
enterprise playing multilevel chess with the shields raised saying
Check to a Klingon. #kipla” he stated. Related Reading: Shiba Inu
(SHIB) Ready To Roar! Analyst Calls For A 200% Spike Further
emphasizing upcoming developments, Kusama announced via X:
“Analysis: Shib is still King! Bone is key. Leash is strong. TREAT
is Coming.” He added shortly after: “Reminder that TREAT released
by Shib Core is not yet available.” The TREAT token, designed as an
access key to advanced features within the Shiba Inu ecosystem, is
set to be released soon. This token will complement the existing
SHIB, BONE, and LEASH tokens, each serving distinct roles within
the ecosystem. While LEASH focuses on exclusivity and BONE on
technology, TREAT will unlock advanced functionalities, enriching
the overall user experience. In July, Kusama elaborated: “As you
may know, Shib is home to a variety of tokens, including Shib,
Bone, Leash, and our upcoming unreleased token: TREAT. Each token
has its own utility and governance, and TREAT is the access token
to all the advanced features of our system, in contrast to Leash,
which is about exclusivity, or Bone, which focuses on technology.”
Hinting at another potential catalyst, Kusama retweeted a post by
artchick.eth (@digitalartchick), who speculated: “Memecoin ETF
within 10 months.” Kusama commented: “I didn’t say it…. but I did
RT it.” The prospect of a memecoin ETF in the United States is
significant. Similar to the US spot Bitcoin and Ethereum ETFs, a
memecoin ETF could attract substantial inflows from investors
currently unable to access memecoin markets. Given its status as
the second-largest memecoin by market capitalization, Shiba Inu
would be a prime candidate for inclusion. At press time, SHIB
traded at $0.00002502. Featured image from Shutterstock, chart from
TradingView.com
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