- 1 In a recent post, Shiba Inu lead developer stoked anticipation by teasing a major announcement.
- 2 The Shiba Inu lead pointed at an upcoming announcement that targeted LEASH token holders.
Recently on August 13, 2023, Shytoshi Kusama, the lead developer and co-founder of Shiba Inu, shared plans to reveal something special on Tuesday at 1 PM EST. Although, as per his post, after a day a new utility for the Leash token will be introduced.
Notably, Leash token, or the “Doge Killer,” is one of the three native tokens within the Shiba Inu ecosystem (along with BONE and SHIB). When staked on ShibaSwap, LEASH provides its holders the opportunity for substantial rewards.
As per the data from CoinMarketCap, at press time Doge Killer price is trading at $578.54 with a 24-hour trading volume of $ 2.04 Million. Doge Killer is up 6.06% in the last 24 hours while its ranking is 326, with a current market cap of $61.49 Million.
The Response of Community Over Shiba Inu Lead’s Hint
Over Shiba Inu lead’s hint, the community response has been mixed. As many of the community members are eagerly awaiting the announcement. On the other hand, some showed a more cautious stance, stressing the need for the Shiba Inu leadership to continue their promises.
Moreover, adding to the expectation is the yet-to-be-released Shibarium layer-2 solution, which was originally scheduled for an August launch. This enhancement, focused on increasing transaction speed and reducing fees, has not seen its mainnet launch as of August 13, 2023.
In spite of the wait, the Shiba Inu team has continued to promote what they’ve dubbed the “Summer of Shibarium.” They suggest more announcements might be on the horizon soon. Whereas at the same time, the Shiba Inu team has urged the KuCoin, a crypto exchange, to list the BONE and LEASH tokens, recently.
Shiba Inu Price Analysis
According to CoinMarketCap, a cryptocurrency price tracking site, at press time Shiba Inu price is trading at $0.000011 with a 24-hour trading volume of $394.54 Million. The meme coin is down 0.97% in the last 24 hours. Its current CoinMarketCap ranking is 13, with a current market cap of $6.21 Billion.
In the recent 24-hours, SHIB rose up to $0.00001066 whereas its low was $0.00001001. However, SHIB price has shown over 15% rise in the last 7 days. Whereas, in the last month Shiba Inu price doubled its price gain with over 30% rise.
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.