Shiba

K9 Finance

Unification

Shiba Inu

Amidst a backdrop of easing bearish pressures across the global cryptocurrency market, the lading memecoin Shiba Inu (SHIB) has positioned itself with a series of strategic updates aimed at navigating towards a potential recovery.&nbsp;
Following the conclusion of the IVS Crypto event in Kyoto, Shiba Inu’s pseudonymous lead developer, Shytoshi Kusama, has <a href="https://x.com/ShytoshiKusama/status/1810512842996740454" target="_blank" rel="noopener noreferrer nofollow">unveiled</a> plans for a global tour aimed at engaging SHIB enthusiasts and the broader crypto community. This initiative includes the introduction of the upcoming “SHIBACON” conference during their final stop in Bangkok later this year.
Kusama, recognized as one of the project’s co-founders, also provided specifics on the rollout of the TREAT token, the newest addition to the Shiba Inu ecosystem and a pivotal element in fulfilling Ryoshil’s vision.
<h3 class="wp-block-heading" id="h-shiba-inu-struggles-to-reach-new-highs">Shiba Inu Struggles to Reach New Highs</h3>
Recently, the memecoin has witnessed a surge in whale transactions, with significant buying activity. WhaleAlert data highlights an increase in transactions, peaking at 4.29 trillion SHIB on July 6, marking the highest daily volume in nearly two weeks.
Additionally, Shiba Inu’s burn rate soared significantly. In the last 24 hours, burned over 6 million SHIB, marking a 439% increase. Despite these developments, SHIB’s price has seen a decline. At the time of writing, Shiba Inu trading at $0.00001645, reflecting a 1.70% decrease over the past day. Daily trading volume has also dipped by over 21% to $402 million.
According to the Shiba Inu <a href="https://thenewscrypto.com/shiba-inu-shib-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">price prediction</a>, if SHIB faces resistance at $0.00002817, it is expected to climb to a new-year high of $0.00004353, following a descending channel pattern. Conversely, if SHIB fails to hold above $0.00001521, it could decline to $0.00001235. That potentially trapping SHIB in a bearish zone and setting a new six-month low of $0.00000833.
However, in efforts to expand its <a href="https://thenewscrypto.com/shiba-inu-marketing-lead-teases-collaboration-hinting-at-major-shib-burns/" target="_blank" rel="noopener noreferrer nofollow">ecosystem</a>, Shiba Inu has integrated partner tokens K9 Finance DAO (KNINE) and Unification (FUND) onto Shibarium. Shibarium is a Layer-2 scaling solution designed to enhance transaction efficiency and reduce costs. The integration was facilitated through the innovative Shibarium Bridge, enabling seamless asset transfers from Ethereum to the Shiba Inu blockchain.
Highlighted Crypto News&nbsp;
<a href="https://thenewscrypto.com/meme-coins-are-bouncing-back-amidst-market-fluctuations/" target="_blank" rel="noopener noreferrer nofollow">Meme Coins are Bouncing Back Amidst Market Fluctuations</a>

Shiba Inu Lead Developer Teases New Expansion and Strategic Plans

Table of Contents

TheNewsCrypto

Other articles published on Jul 9, 2024

Shiba Inu Price Prediction: SHIB Surges 4% As Traders Buy This P2E Shiba Inu Derivative Before Th...

German gov’t prepares for next $276M BTC sell-off

Monero (XMR) and Hedera (HBAR) Swayed By This New Ethereum Based Token As Experts Tip It As Top G...

BONK leads meme coin rally with 25% surge amid token burn and whale activity

Zodia Custody Partners with Maple Finance to Offer Secure Crypto Lending

Altcoin Price Movement in the Red, But Meme Coins Can Still Make New Highs – A New Era for Fun Cr...

Join our free newsletter for daily crypto updates!