Shiba Inu Price Soars 5% Amid News Lead Developer Shytoshi Kusama Will Step Down, While Experts Say Buy This SHIB Derivative For 100X Gains

The
Shiba
Inu
price
surged
5%
in
the
last
24
hours
to
trade
at

$0.0000138
as
of
5.30
a.m.
EST
on
trading
volume
that
skyrocketed
82%
to
$218.5
million.

The
second-largest
meme
coin
saw
its
price
go
up
as
part
of
a
wider
crypto
rally
which
has
allowed
most
digital
assets
to
see
a
similar
surge.

News
involving
Shiba
Inu’s
lead
developer,
Syhtoshi
Kusama,
may
have
also
contributed
to
the
project’s
price
boost.

In
an
AB
Majlis
exclusive,

@Shibatoken‘s
enigmatic
founders

@ShytoshiKusama
and

@KaalDhairya
break
their
silence.
Will
they
ever
reveal
their
true
identities?

Join
host
Matthew
Amlôt
(@MatthewAmlot)
as
he
delves
into
the
world
of
memes,
masks,
and
millions.
Discover
the
vision…

pic.twitter.com/C5Baso5MZV

—
ArabianBusiness.com
(@ArabianBusiness)

August
19,
2024

The
Shiba
Inu
developer
appeared
in
the
latest
episode
of
the
AB
Majlis
podcast
alongside
Kaal
Kaal
Dhairya,
unveiling
their
intention
to
pass
the
control
of
the
project
entirely
to
its
community
by
the
end
of
the
year.

In
other
words,
the
lead
developer
intends
to
step
down
and
put
Shiba
Inu
on
the
road
to
true
decentralization,
which
is
something
that
the
network
has
been
dedicated
to
for
a
long
time
now.

This
will
finally
put
Shiba
Inu
back
on
track
with
the
original
vision
of
its
founder,
Ryoshi.

Shiba
Inu
Price
Prediction

While
SHIB
did
see
a
major
price
surge
in
the
last
day
or
so,
the
project’s
technical
indicators
suggest
that
Shiba
Inu
price
could
soon
see
a
strong
correction.

Shiba
Inu’s
Bollinger
bands
have
suddenly
narrowed,
which
is
a
bearish
sign,
even
though
its
price
is
still
pushing
the
upper
band
further
up.
The
lower
band
is
closely
approaching,
however,
which
could
signal
a
potential
correction
in
hours
to
come.

Another
technical
indicator,
the
project’s
Relative
Strength
Index
(RSI)
recently
ventured
deeply
into
the
overbought
zone,
reaching
and
exceeding
the
value
of
80.

While
it
has
dropped
since,
suggesting
that
some
traders
started
selling
to
take
profit,
it
is
once
again
moving
toward
the
overbought
zone.

If
the
next
correction
takes
place
at
the
time
when
the
wider
crypto
market
starts
to
correct
as
well,
SHIB
could
end
up
seeing
a
sharp
drop
that
could
potentially
nullify
its
recent
gains.

In
other
words,
traders
who
plan
to
enter
late
and
start
buying
SHIB
now
should
at
the
very
least
be
highly
cautious.

Furthermore,
those
who
lack
the
experience
to
handle
cryptos
in
a
highly
volatile
market
might
want
to
consider
a
safer,
more
promising
alternative.

Promising
Alternatives
to
Shiba
Inu

With
Shiba
Inu
possibly
correcting
soon,
it
might
be
a
good
idea
for
investors
to
consider
some
alternative
projects,
especially
if
they
are
concerned
about
crypto
volatility.

There
are
plenty
of
high-potential
meme
coins
that
are
still
in
presale
right
now,
which
means
that
they
are
immune
to
sudden
price
changes,
at
least
while
they
remain
in
the
ICO
stage.

One
great
example
is
a
Shiba
Inu-inspired
project
called

Shiba
Shootout
(SHIBASHOOT)
—
a
Wild
West-themed
project
that
also
launched
its
own
game.

The
token
is
a
meme
coin
that
will
double
as
a
P2E
project
once
its
token
goes
live.
While
its
game
is
already
out
and
available
for
Android
and
iOS
devices,
it
currently
still
lacks
the
P2E
model
that
will
reward
users
with
SHIBASHOOT
tokens
for
playing
the
game.

$SHIBASHOOT
isn’t
just
another

#memecoin
????

It’s
a
Wild
West
adventure!
????
Strategy,
fun,
and
real
value
with
a
clear
roadmap.

Join
the
duel
and
experience
the
charm
of

#SHIBASHOOT!
????

pic.twitter.com/g3UczQovFY

—
shibashootout
(@shibashootout)

August
17,
2024

The
update
will
come
after
the
token’s
launch,
allowing
users
to
win
sharpshooter
duels
in
the
fictional
town
of
Shiba
Gulch,
and
receive
rewards
for
doing
so.

In
the
meantime,
you
can
join
the
project’s
presale
and

buy
SHIBASHOOT
tokens
while
their
price
is
still
low,
currently
sitting
at
$0.0199.

Many
have
already
done
so,
believing
that
the
project
has
massive
potential
and
that
it
might
even
challenge
the
original
Shiba
Inu.

This
is
why
its
ICO
has
already
raised
$987k.
If
you
decide
to
join
the
presale,
you
can
buy
SHIBASHOOT
with
ETH,
USDT,
BNB,
or
credit/debit
cards.

The
project
has
attracted
the
eyes
of
quite
a
few
experts,
including
highly
popular
crypto
YouTuber
ClayBro,
who
recently
said
that
this
new
crypto
game
could
lets
investors
earn
huge
for
free.

If
you
are
interested
in
buying
SHIBASHOOT
tokens,
act
before
a
price
hike
in
less
than
3
days.

Visit
the
official
SHIBASHOOT
website
here.

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