Altcoin
Shiba Inu Price Eyes Rally As Shytoshi Kusama Hints At ‘More TREATS’ For SHIB
Shiba Inu price appears to be gearing up for a major rally ahead, primarily in the wake of recent ecosystem advancements. On Wednesday, the token’s lead developer, Shytoshi Kusama, spotlighted ‘SHIB: The Metaverse’ launch while also saying ‘more TREATS soon,’ sparking optimism across the SHIB community.
Notably, this comes amid soaring speculations of a looming TREAT token launch for the meme coin’s ecosystem that is expected to enhance governance and act as the network’s stablecoin. Amid this, Kusama’s recent statements have gained considerable traction while also igniting hope for the token’s price despite the market’s recent volatility.
Shiba Inu Price Aims For Rally Amid Recent Ecosystem Developments
SHIB lead developer Shytoshi Kusama took to X on December 25, spotlighting the recent launch of “SHIB: The Metaverse.” This recent endeavor has marked a monumental stride for one of the top dog-themed meme crypto community, offering it enhanced market visibility. Besides, it has also fueled speculations over a potential rally in the Shiba Inu price ahead.
Notably, in light of this development, Kusama stated, “Merry Christmas to you all. More TREATS on the way SOON.” This statement has gained significant traction, primarily as the broader industry keenly awaits the TREAT launching shortly. Notably, the arrival of the new token is expected to boost crypto’s ecosystem governance and DeFi capabilities. Altogether, the enhanced offerings pave the way for further market interaction with the asset, projecting optimism over its future endeavors.
Meanwhile, CoinGape revealed that the ecosystem’s layer-2 network, Shibarium, also saw a significant surge in activity. Shibarium addresses reportedly jumped and crossed the 2.02 million milestone, marking another monumental stride for the dog-themed meme coin’s community. Overall, the recent ecosystem advancements have ignited soaring waves of optimism for Shiba Inu price as the token’s ecosystem continues to bring about revolutionary market changes.
SHIB To Breakout Ahead?
At the time of reporting, SHIB price noted gains worth 3% intraday and is currently trading at $0.00002307. However, the weekly chart indicated a 10% drop in light of the recent market volatility. Nevertheless, a recent CoinGape report revealed that the latest on-chain data flagged an ongoing bullish trend for SHIB.
According to the report, the meme coin’s exchange supply witnessed a substantial drop in recent days, indicating that investors are withdrawing and expecting future gains in the asset. SHIB whale activity also saw a remarkable surge recently, adding to market bullishness surrounding the asset.
Further, leading crypto analyst Ali Martinez recently took to X, revealing that Shiba Inu price also has an eye for a rebound to $0.000026 or even $0.000029. This bullish projection aligns with the TD Sequential indicator that presented a buy signal on the daily chart as of December 24. Market watchers continue to gauge the coin’s price movements for further shifts in light of the abovementioned developments.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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