Shiba Inu (SHIB) has become an exciting topic of discussion within the community as anticipation builds for a major upcoming update. Despite a recent dip in price, SHIB has experienced a remarkable rally, with a 243.83% increase over the past seven days.
The success of Shiba Inu can be attributed to the overall hype in the mainstream market, fueled by Bitcoin’s surge to an all-time high. However, the teaser of an upcoming update by Shytoshi Kusama, the lead developer of Shiba Inu, has also played a significant role.
Kusama has hinted at a future valuation of Shiba Inu surpassing $100 billion, especially as the token’s market capitalization recently exceeded $13 billion and displaced Avalanche as the 10th largest cryptocurrency.
Despite a market correction, SHIB has showcased resilience by maintaining a steady price above $0.000035. Looking ahead, Kusama has held meetings and consultations with partners to release a new Shib-themed service. He aims to capitalize on Shiba Inu’s current growth momentum by introducing products that can complement the ongoing rally.
One recent announcement from Kusama is the launch of Shib Name Service (SNS) in partnership with D3. With the spotlight now shining on Shiba Inu as it seeks to surpass Dogecoin, Kusama remains optimistic that these new products and services will further strengthen SHIB’s momentum and propel it to new heights.