What's Going On With Dogecoin Killer Shiba Inu? Lead Developer Hints At 'Game-Changing Announcement'
Portfolio Pulse from Khyathi Dalal
Shiba Inu (CRYPTO: SHIB), an Ethereum-based memecoin, is in the spotlight after a significant transfer of 4.2 trillion SHIB and a teaser from its lead developer about an upcoming 'game-changing announcement.' The announcement is speculated to be related to the Shibarium L2 Blockchain, which will start automated SHIB burns in January 2024. Shibarium has seen an increase in daily transactions and has processed 93.6 million transactions since its mainnet launch. SHIB's price has risen 1.5% in the past 24 hours.
December 12, 2023 | 9:10 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Shiba Inu (SHIB) is experiencing heightened attention due to a large transfer and the anticipation of a significant announcement by the lead developer, which could impact its price in the short term.
The large transfer of SHIB tokens and the expected announcement are likely to create speculation and potentially increase trading volume and price volatility in the short term. The recent price action and increased transactions on Shibarium suggest a positive sentiment among investors, which could lead to a price increase.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100