Shytoshi Kusama, a pseudonym Founder of Shiba Inu, has hinted that developments are underway as he returns from the Middle East. He published a post on X and expressed his satisfaction of spending time in the region. The Shiba Army is speculating that it is because partnerships, collaborations, and new use cases are on the table.
Partnerships and collaborations could be with local businesses – including the aspects of integrating SHIB as a payment method. New use cases could include enhancing cross-border payments via Shiba Inu. Partnerships and collaborations could also be with investment firms and/or government agencies. There is no official statement on these speculations but the community remains optimistic about them.
What gave away such hints is a portion of the post where Kusama said that it was great to meet and understand the culture of his cousins. Major developments, if underway, could trigger an uptick in the adoption and growth of SHIB in a region that is aiming to lead the global segment by becoming a hub for blockchain and crypto.
Alternative speculation is about Shibarium. The Shib Army believes that there could be an expansion of the layer-2 scaling solution that addresses the issue of scalability and efficiency. The trip to the Middle East is highly likely to have been undertaken for the purpose of strengthening relations that were established at Token2049, Dubai.
The event is known to host big names and firms under a single roof – thereby, giving opportunities to expand networks, forge deals, and initiate strategic partnerships.
The Shib Army is now waiting for an official announcement.
Anticipations like these have helped SHIB exchange hands at a higher value. The dog-themed meme coin is listed at $0.00002578 at the time of writing this article. It is up by 7.77% in the last 24 hours and down by 11.38% in the last 7 days. There is a notable upswing in the market cap and 24-hour trading volume by 7.77% and 6.53% at the press time. Shiba Inu’s market cap has breached the mark of $15 billion while the 24-hour trading volume has surpassed the value of $709 million.
SHIB remains at the second spot on the meme coin charts, following Dogecoin (DOGE) with a gap of around $7 billion. SHIB is next expected to achieve values of $0.00003350 and $0.00008465 in the next 5 days and 30 days respectively. The monthly growth translates to approximately 229.46% from the current value.
A lot depends on how true the speculations are for Shiba Inu. Shytoshi Kusama has only published a post on X appreciating the culture and people of the Middle East. It is very likely that the post was a genuine appreciation. Given the way the crypto market functions, the possibility of upcoming developments also cannot be ignored.
