Shiba Inu dev proposes crypto strategic hub in the US, SHIB pumps 40%

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As a seasoned researcher who has witnessed the rollercoaster ride of cryptocurrencies for years now, I must say that Shiba Inu’s latest surge seems to be more than just a mere coincidence following Kusama’s proposal. The timing couldn’t have been more perfect, and it’s almost as if Kusama is the crypto world’s own Nostradamus!

The value of Shiba Inu has increased significantly after the lead developer, Shytoshi Kusama, put forward a plan for establishing a cutting-edge blockchain innovation center in the United States.

The announcement coincided with a major price pump for Shiba Inu (SHIB).

Shiba Inu developer shares vision

In the run-up to the U.S. presidential election, Kusama presented a bold vision for creating a “cryptocurrency equivalent of Silicon Valley” only a few days prior.

As an analyst, I’m projecting that the strategic hub we’re considering would require a significant investment of several billions of dollars. My objective here is to help propel the United States to the forefront of global blockchain innovation.

It seems my SHIB proposal was almost a week too early… nearly missed it by a whisker! In case you missed it, here’s the story in a nutshell. 🧵

— Shytoshi Kusama™ (@ShytoshiKusama) November 9, 2024

Kusama stated:

Instead of merely benefiting Shib, I suggested it as a means to create a Silicon Valley-like hub for cryptocurrencies. My hope was that by adopting this approach, the U.S. could foster innovation and potentially match the pace set by other global leaders in this field.

Shiba Inu pumps 40%

With great excitement, the market accepted the proposal. Remarkably, the value of SHIB soared up to $0.00002727, marking a significant 40% growth over the preceding 24-hour period.

The token’s trading range pumped from $0.00001925 to $0.00002768, while weekly gains exceeded 65%.

Even though Shib has experienced a significant rise, it is currently 68% lower than its record peak of $0.00008616, which was reached in October 2021.

It appears that the recent increase isn’t solely due to Kusama’s proposition. A significant factor might be the generally positive sentiment in the cryptocurrency market.

The Shiba Inu Foundation intends to formally submit a proposal to the new government, advocating for the use of funds collected via their D.O.G.E. project to finance these innovative ideas.

Kusama underscored that this presents an opportunity for us to make the world aware of our continued presence, for our technologies to be embraced globally, and as evidence that our inventions hold promise for the betterment of our planet.

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2024-11-11 01:20