BNB 0.72%
BTC 0.59%
DOGE 0.73%
ETH 1.39%
PEPE 4.07%
XRP 0.00%
SHIB 0.88%
SOL 4.14%
presale is live

Shiba Inu Price Prediction as Lead Dev Shytoshi Kusama Hints at “Massive” Plans – Can SHIB 100x?

Simon Chandler
Last updated: | 3 min read
Shiba Inu Price Prediction as Lead Dev Shytoshi Kusama Hints at "Massive" Plans – Can SHIB 100x?

SHIB has risen by close to 1% in the past 24 hours, with the Shiba Inu price reaching $0.00002579 as the crypto market gains by a similar percentage today.

The meme token is also down by 1.5% in a week, but up by 9% in the last 30 days, as well as by 220% in a year.

This latter percentage is very healthy, and it’s possible that SHIB’s gains will only continue in the coming months, with developer Shytoshi Kusama hinting yesterday that Shiba Inu is working on a big new feature or project.

If revealed in the next couple of months, it could dovetail with macroeconomic improvements to provide a strong boost to the Shiba Inu price.

Lead Dev Shytoshi Kusama Hints at “Massive” Plans – Can the Shiba Inu Price 100x?

SHIB’s chart continues to look good, even if it has lost a little momentum in relation to its gains yesterday.

Its relative strength index (purple) rose as high 80 following the aforementioned Shytoshi Kusama tweet, and while it has dipped it arguably remains on a medium-term upswing, having spent much of the previous week down.

Shiba Inu price chart.
Source: TradingView

The coin’s 30-day average (orange) supports this suspicion, given that it climbed over the 200-day (blue) yesterday and should continue rising for a while yet.

SHIB’s 24-hour volume has also enjoyed a bit of lift, although at $500 million it could still stand to increase some more, especially when it reached over $2 billion at the end of May.

Part of the problem may be that, even though Shytoshi Kusama has hinted at something “massive”, the market can’t really get too excited without further details.

As seen above, his semi-cryptic tweet came in response to a post from Vitalik Buterin on what a “celebrity crypto project” has to do to have some genuine value.

Kusama’s implication therefore seems to be that the Shiba Inu team is currently working on a new launch or update that will involve a well-known personality, one which will operate on “a massive scale.”

But without any concrete information, investors can’t afford to get too exuberant just yet.

Still, the Shiba Inu price is likely to perform well in the coming weeks regardless, largely because macroeconomic improvements will buoy investor confidence.

For instance, the European Central Bank has today cut its interest rate from 4% to 3.75%, a sign that major economies want to begin moving more towards growth.

We may therefore see SHIB and cryptocurrencies in general respond accordingly in the near future, with the Shiba Inu price potentially reaching $0.00004 by the end of summer.

Alternative Meme Tokens May Offer Bigger Returns

For traders who want to diversify beyond established tokens such as SHIB, there’s a wide range of new meme tokens to check out right now, with several holding their presales.

One of the most promising is Sealana (SEAL), a Solana-based meme token that opened its presale a few weeks ago and has already raised in excess of $3 million.

SEAL has its sights set on being the next big Solana-based meme token, taking its cue from such over-performers as WIF and BONK.

It has adopted an anthropomorphic and playfully right-wing seal as its meme, which seems to be effective in attracting attention and investors.

Indeed, the coin’s official X account now counts over 12,000 followers, with these numbers growing quickly.

This is bullish because meme tokens gain much of their momentum from their community, who can help a coin stay in the limelight and also help attract new followers, building network effects.

While its sale has reached its final stages, newcomers can still join by heading over to the official Sealana website.

They can buy SEAL at a price of $0.022 per token, with investors able to purchase the token using either Solana, Ethereum, BNB and USDT.

It will list in the next few weeks, at which point it could surge and become one of the hottest new meme coins of the year.

Buy SEAL Today

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.