Shiba Inu Surges 33.5% Amidst ETF Speculation
- Shiba Inu has surged by 33.5% in the past month, breaking out of a bullish reversal pattern.
- Anticipation of a potential SHIB ETF is fueling optimism for a significant price increase.
- Shiba Inus lead developer, Shytoshi Kusama, has shared a cryptic post on X, sparking speculation about his future involvement in the project.
Shiba Inu, the beloved meme coin is reigniting community enthusiasm with its impressive rally. The token has surged by 33.5% in the past 30 days, breaking out of a bullish reversal pattern that suggests further upside potential. Excitement is growing among SHIB investors as speculation intensifies about the possibility of a Shiba Inu exchange-traded fund (ETF) hitting the market. Such a development could significantly boost the tokens exposure and liquidity, potentially driving a substantial price increase.
The fervor surrounding the token has led some SHIB members to compare it to Amazon Prime Day, where shoppers flock to the online retailer to score incredible deals on a wide range of products. Similarly, the cryptocurrency market is also experiencing some movement. Members speculate that Shiba Inus rise is likely influenced by the overall sentiment surrounding Bitcoin (BTC).
But what has truly captured the communitys attention is a recent cryptic post by Shytoshi Kusama where the lead developer referenced Japanese mythology and a famous woodblock print, leaving many wondering what it could mean for the future of the Shiba Inu ecosystem.
Shiba Inu Community Buzzes Over Kusamas Enigmatic Post
Kusama, whose real identity remains a mystery, has been handling the Shiba Inu project ever since, Ryoshi, the original creator stepped down from the position in 2022. His leadership has been instrumental in guiding the projects growth and development, and his continued involvement has been a source of confidence for many SHIB investors.
The cryptic message from Kusama has sparked rumors that he may be preparing to step away from the project, similar to Ryoshi. While no concrete evidence supports these claims, the post has fueled speculation that a significant change may be on the horizon.
As the Shiba Inu community decodes the message behind Kusamas post, investors are closely watching for any further developments that could impact the price of SHIB.
Read more: https://www.tronweekly.com/shiba-inu-surges-amidst-etf-speculation/
Text source: TronWeekly
