• Tue. Jul 16th, 2024

Shytoshi Kusama Predicts Shiba Inu’s Readiness For A Bull Run

Maria Bartiromo

ByMaria Bartiromo

Nov 14, 2023

Shytoshi Kusama, one of the SHIB project’s creators, has signaled that Shiba Inu (SHIB) is ready for a possible bull market. Kusama’s observations coincide with significant fluctuations in the cryptocurrency market, as evidenced by the fact that Bitcoin recently crossed the $37,000 barrier and several other events are changing the market dynamics.

Shiba Inu has just experienced a decline, down 2.5% over the last day, placing it among the worst-performing currencies over that period, according to CoinGecko data. The data says this will happen amid the larger cryptocurrency market showing optimism. Kusama’s remarks about Shiba Inu’s preparedness for a possible bull market provided insight into the project’s strategic goals and quest for ongoing expansion and improvement.

Schibarium Seeks To Solve Scalability And Transaction Efficiency

The rise of Bitcoin is one of the main causes driving the current cryptocurrency market rise. Bitcoin has broke above $37,000, indicating that investors and market players are again showing interest in it. Kusama’s remarks covered the advancements in cryptocurrency and strategic plans for Shiba Inu. Shiba Inu’s roadmap includes Centralized Exchanges (CEXs), Shibarium, and the project’s Layer-2 solution.

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Investigation shows that schibarium is seeking to solve scalability and transaction efficiency. This Kusama claims it is a key component of Shiba Inu’s ecosystem. Layer-2 solutions are also playing an important role in the improvement of the capabilities of the blockchain network.

Shitoshi Kusama’s indications that Shiba Inu is prepared for a possible bull market coincide with significant developments in the market. The larger market dynamics, the return of Bitcoin, and Shiba Inu’s strategic initiatives—such as Shibarium and engagement with CEXs— contribute to the project’s continued development and evolution.

Kusama Quotes Taylor Swift, SHIB Price Goes Down By 2%

Shiba Inu is working to increase its accessibility and reach for investors and users, which is shown in its participation with CEXs. This strategic strategy is said to augment Shiba Inu’s total ecology and facilitate its expansion.

Kusama, while explaining the competitive nature of the cryptocurrency market, insisted on the positive stance of the project. According to Kusama, the company must continue introducing new products if it stays afloat. He recommended products that come with progressive utility.

He believes that such products will be very relevant to Shiba Inu’s and Shibarium’s progress during every market bull run. Kusama also hinted at the need for a strategic plan involving Shiba Inu and  Shibarium Layer-2 solution and Centralized Exchanges (CEXs).

He also revealed that the company is currently working with friends for a better way to augment its services. In one of Kusama’s posts on X, he quoted four-lined lyrics from a song by the popular American singer Taylor Swift. The said lyrics have left the rest of the Shiba Inu community a clue about the coin’s future.

Recall, sometime in October, Kusama hinted his plan to work together with the team at  Bad Idea AI, which he had posted on his X handle. He went ahead to reveal that he has met with some of the members from the Bad Idea AI team to talk about how the AI project could assist Shiba Inu.

Meanwhile, as at press time, the price of SHIB went down by 2.94% in the last 24 hours to hit $0.000009013. The market capitalization declined by 2% to close at $5,311,691,138 after trading at $249,499,169, a 53.13% decline in the last 24 hours. However, Shiba Inu currently ranks #19 on CoinMarketCap.

Maria Bartiromo

Maria Bartiromo

Maria Bartiromo is a renowned news writer and journalist, celebrated for her insightful reporting and authoritative voice. With a career spanning years, she has established herself as a trusted source of accurate and comprehensive news analysis, keeping readers informed on vital global developments.

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