SHIB Lead Kusama Throws Support Behind Upcoming Shiba Inu Event, SHIB Community Buzzing
Renowned figure in the SHIB crypto community, Shytoshi Kusama, has sparked excitement among SHIB holders with a tweet endorsing the upcoming ShibaCon, a highly anticipated blockchain conference organized by the Shiba Inu team.
Scheduled to take place in Bangkok, Thailand, ShibaCon is set to span slightly over a week, from November 5 to November 15. Notably, the event coincides with the annual DevCon conference in Bangkok, scheduled between November 7 and November 17.
Kusama’s tweet, featuring a ticket emoji and the hashtag #Shibacon, has piqued the curiosity and enthusiasm of the SHIB army. The Shiba Inu community eagerly awaits the start of the event, with some expressing disappointment that tickets cannot be purchased using Shibarium tokens such as SHIB, BONE, or LEASH.
ShibaCon will be a gathering of top leaders in the blockchain industry, covering areas such as DeFi, NFTs, Web3, and gaming. Keynote speakers and panel discussions will delve into various crucial topics. The conference also offers ample networking opportunities for developers, influencers, content creators, and others to connect with like-minded individuals and share experiences.
Meanwhile, the price of SHIB has encountered significant volatility this week. On Tuesday, the meme coin experienced a sudden drop of over 12%, going from $0.00001840 to $0.00001612. This decline was primarily influenced by a negative geopolitical development in the Middle East, affecting both Bitcoin and the wider cryptocurrency market.
However, within the past 24 hours, SHIB has witnessed a modest recovery, gaining 4.7% and currently trading at $0.00001688. Bitcoin, which also suffered a 5% crash on Tuesday, has partially rebounded, experiencing a 1.62% increase and currently exchanging hands at $61,730.
In terms of SHIB metrics, the burn rate has dipped below zero within the last 24 hours, indicating a -92% change. Only 800,000 SHIB has been burned in a single transfer, as reported by Shibburn, compared to more than 1,500,000 SHIB burned yesterday.
As anticipation builds for ShibaCon and SHIB holders navigate the price fluctuations, the endorsement and excitement generated by SHIB Lead Kusama’s tweet add to the overall fervor surrounding the event.