This year, SHIB hasn't been all that it used to be. However, in terms of development activity, few other chains come close.
According to data from TradingView, Shiba Inu has only been up by about 20% this year. However, there may be signs that SHIB is about to end the year on a spectacular note, and we will be going over all of these.
Shytoshi Kusama, the mysterious lead developer of SHIB, has been teasing a "year-ending surprise" for the SHIB Army.
In a series of tweets posted over the weekend, Kusama mentioned that he (and the other SHIB developers) were working on something "revolutionary" that would "change the game" for Shiba Inu.
Adding to the mystery, Kusama mentioned nothing about what the surprise really entails but has hinted that it would involve burning ore SHIB tokens (likely billions or even trillions)
Kusama went further to hint that these series of new updates to SHIB might transform it from the memecoin it is currently known as, to a full-fledged network that can solve real-world problems.
Kusama also emphasized the importance of global adoption for Shiba Inu, saying that Web3 disruptors need to work harder to make Shiba Inu accessible and appealing to the masses.
Shiba Inu's marketing lead, LUCIE also shared a "leaked" chat with Kusama last week, hinting that a huge Shiba Inu surprise was coming this week.
As if on cue, Shibarium metrics also skyrocketed. For example, the daily processed transactions on the network shot up to more than 6 million transactions.
According to Shibariumscan, the number of wallet addresses created so far on the network has also broken through the 1.3 million mark and currently sits at about 1,316,316 wallets created so far.
The number of transactions performed on the network has also soared above 130 million transactions, putting the total at around 134,744,497 and counting.
At the time of writing, SHIB currently trades at around $0.00000845, with a daily price decline of around 7% over the last day.
This price decline comes as a result of the general market decline, which has seen Bitcoin and Ethereum decline by more than 2% each, over the last day.
Shiba Inu's price action currently looks like this:
As shown above, the current Shiba Inu decline comes after a break above $0.00001 and a price rejection around $0.000011.
This comes in contrast to analyst, Ali, who predicted that as long as SHIB maintained its standing above the $0.00001 zone, it was bound to hit $0.000014 resistance.
Shiba Inu, so far, has declined lower than $0.00001 and is retesting the $0.0000097 resistance.
If this new update is as spectacular as Kusama says, then we can see SHIB bounce off $0.000097 and rally by another 45% before year-end, straight up to the $0.000014 target.
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