Shiba

ShibArmy

Kusama

Shiba Inu

Inu.

<ul> 
 <li>To enhance understanding of Shiba Inu’s potential, Kusama announced a global tour, beginning in Kyoto and extending to India, Canada, and Thailand, aiming to connect with influential figures and explore the transition to Web3.</li> 
 <li>Santiment reveals that Shiba Inu experienced a slight decoupling from other altcoins over the weekend, supported by the accumulation of non-exchange whales while exchange whale holdings decreased.</li> 
</ul> 
The lead developer of the Shiba Inu ecosystem Shytoshi Kusama recently compared the SHIB token to a wide-eyed puppy adding that this is just the beginning of its journey. Kusama drew this analogy during a recent conversation with a Maiko, an apprentice Geisha while visiting Kyoto. 
Kusama was impressed by Maiko’s dedication to her craft. Becoming a Geisha is a years-long process requiring patience, discipline, and a relentless pursuit of mastery. Despite being early in her training, the Maiko has already earned respect and recognition. 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/Shibtoken?ref_src=twsrc%5Etfw">@Shibtoken</a> <a href="https://twitter.com/treatsforShib?ref_src=twsrc%5Etfw">@treatsforShib</a> <a href="https://twitter.com/kaaldhairya?ref_src=twsrc%5Etfw">@kaaldhairya</a> A quick recap and forward marching orders. <a href="https://twitter.com/hashtag/India?src=hash&amp;ref_src=twsrc%5Etfw">#India</a> <a href="https://twitter.com/hashtag/Kyoto?src=hash&amp;ref_src=twsrc%5Etfw">#Kyoto</a> <a href="https://twitter.com/hashtag/IVS?src=hash&amp;ref_src=twsrc%5Etfw">#IVS</a> <a href="https://t.co/Ba6bpOzKMi">pic.twitter.com/Ba6bpOzKMi</a> 
 — Shytoshi Kusama<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@ShytoshiKusama) <a href="https://twitter.com/ShytoshiKusama/status/1810512842996740454?ref_src=twsrc%5Etfw">July 9, 2024</a>
</blockquote> 
The Shiba Inu lead developer stated that many still don’t have a complete grasp of Shiba Inu’s history and core values. In order to address this lacuna, Kusama has announced a global tour along with the entire team of Shiba Inu. 
The motive behind this tour is to connect with influential figures – celebrities, investors, and businesses – while exploring the transition of Web2 to the decentralized Internet of Web3. Kusama said: 
<blockquote>
 We’ve made significant progress this past year, alongside developing a robust Shiba-themed technology stack. This tour will showcase our commitment to the ShibArmy [SHIB community] and the world.
</blockquote> 
The tour, which began in Kyoto, will take the team to India, Canada, and Thailand, aiming to enhance understanding of the Shiba Inu ecosystem’s potential, per the CNF <a href="https://www.crypto-news-flash.com/shib-lead-devs-cultural-twist-wows-crowd-at-ivs2024/" target="_blank" rel="noopener">report</a>. 
<h3 id="shiba-inu-non-exchange-wallets-are-accumulating">Shiba Inu Non-Exchange Wallets Are Accumulating</h3> 
On-chain data provider Santiment has reported that Shiba Inu has experienced a slight decoupling from other altcoins during the last weekend. This upward trend is supported by the continued accumulation of non-exchange whales, while exchange whale holdings are decreasing, which is likely to please SHIB holders. 
<figure id="attachment_751640" aria-describedby="caption-attachment-751640" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="size-large wp-image-751640" src="https://www.crypto-news-flash.com/wp-content/uploads/2024/07/Shiba-Inu-Whale-1200x818.jpeg" alt="" width="788" height="537" srcset="https://www.crypto-news-flash.com/wp-content/uploads/2024/07/Shiba-Inu-Whale-1200x818.jpeg 1200w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/Shiba-Inu-Whale-300x205.jpeg 300w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/Shiba-Inu-Whale-768x524.jpeg 768w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/Shiba-Inu-Whale-1536x1047.jpeg 1536w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/Shiba-Inu-Whale-2048x1396.jpeg 2048w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/Shiba-Inu-Whale-150x102.jpeg 150w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/Shiba-Inu-Whale-450x307.jpeg 450w" sizes="(max-width: 788px) 100vw, 788px">
 <figcaption id="caption-attachment-751640" class="wp-caption-text">
 Courtesy: Santiment
 </figcaption>
</figure> 
The sell-off in the first week of July has significantly contributed to the ongoing correction trend of Shiba Inu observed since June. From its last swing high of $0.0000294, the meme coin plummeted 57% to a four-month low of $0.0000125. 
Amid a weekend relief rally, SHIB’s price rebounded by 27%, trading at $0.000016, while its market cap rose to $9.48 billion. Analysis of the daily chart reveals this reversal as forming a falling channel pattern. 
Within this pattern, two parallel trendlines act as dynamic resistance and support, guiding a steady downtrend. A potential bullish reversal within the channel could lift the asset by 40%, challenging the overhead trendline. 
<figure id="attachment_751660" aria-describedby="caption-attachment-751660" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="size-large wp-image-751660" src="https://www.crypto-news-flash.com/wp-content/uploads/2024/07/SHIBUSDT-1200x551.png" alt="" width="788" height="362" srcset="https://www.crypto-news-flash.com/wp-content/uploads/2024/07/SHIBUSDT-1200x551.png 1200w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/SHIBUSDT-300x138.png 300w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/SHIBUSDT-768x352.png 768w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/SHIBUSDT-1536x705.png 1536w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/SHIBUSDT-150x69.png 150w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/SHIBUSDT-450x207.png 450w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/SHIBUSDT.png 1946w" sizes="(max-width: 788px) 100vw, 788px">
 <figcaption id="caption-attachment-751660" class="wp-caption-text">
 Courtesy: Trading View
 </figcaption>
</figure> 
Shiba Inu is likely to get a further boost as crypto exchange Coinbase said that it would be offering futures contracts for SHIB, per the CNF <a href="https://www.crypto-news-flash.com/coinbase-to-offer-futures-contracts-for-chainlink-shiba-inu-and-three-other-cryptocurrencies-link-and-shib-poised-for-gains/" target="_blank" rel="noopener">report</a>. 
Additionally, another good thing is that the burn rate for the SHIB coins has recently surged by 400% in the past two days. This puts a large number of Shiba Inu coins out of circulation, <a href="https://www.crypto-news-flash.com/shiba-inu-burn-rate-soars-400-increase-in-a-week/" target="_blank" rel="noopener">reported</a> Crypto News Flash.

Shiba Inu’s Shytoshi Kusama Unveils Global Tour to Expand Web3 Influence

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Crypto News Flash

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