Shytoshi Kusama of Shiba Inu Announces Global Tour
  • To better understand the potential of Shiba Inu, Kusama is embarking on a world tour starting in Kyoto and heading to India, Canada and Thailand, aiming to engage with influencers and explore the transition to Web3.
  • Santiment revealed that Shiba Inu deviated slightly from other altcoins over the weekend as exchange whales’ holdings decreased while non-exchange whales’ holdings increased.

Hidetoshi Kusama, lead developer of the Shiba Inu Ecosystem, recently likened the SHIB token to a wide-eyed puppy, adding that this is just the beginning of the journey. Kusama made the analogy while chatting with a maiko (geisha) during a recent visit to Kyoto.

Kusama was impressed by the maiko’s dedication to their art. Becoming a geiko is a years-long journey that requires patience, discipline and a relentless pursuit of mastery. Even though maiko have only just begun their training, they have already earned respect and recognition.

Shiba Inu’s lead developer says many people still don’t fully understand the history and core values ​​of Shiba Inu, and to address this lack, Kusama has announced that he will be touring the world with the entire Shiba Inu team.

The tour aims to engage with influential people including celebrities, investors and companies while exploring the transition from Web2 to Web3, the decentralized internet.

We’ve made great progress over the past year developing a robust technology stack for ChaiJun, and this tour will showcase our work on ChaiJun. [SHIB community] And the world.

As per a report by CNF, the tour, which started in Kyoto, will see the team visit India, Canada and Thailand to gain a better understanding of the Shiba Inu’s ecological potential.

Shiba Inu non-exchange wallets are accumulating

On-chain data provider Santiment reported that Shiba Inu has slightly deviated from other altcoins over the weekend. The uptrend has been bolstered by the continued accumulation of non-exchange whales, while exchange whale holdings have been declining, which will likely please SHIB holders.

Courtesy of Santiment

The sell-off in the first week of July contributed significantly to Shiba Inu’s ongoing correction trend that has been ongoing since June. The meme coin has plummeted 57% from its previous high of $0.0000294 to a four-month low of $0.0000125.

SHIB prices are down after the weekend relief 27%, trading at $0.000016, raising the market cap to $9.48 Billion. If we analyze the daily chart, we can see that this reversal has formed a descending channel pattern.

In this pattern, two parallel trend lines act as dynamic resistance and support, guiding a steady downtrend. A bullish reversal within the channel could see the asset rally by 40% and challenge the upper trend line.

Provided by: Trading View

According to a report from CNF, the Shiba Inu may see further price increases after cryptocurrency exchange Coinbase announced it would offer Shiba Inu futures contracts.

Plus, another positive is that the burn rate of Shiba Inu coins has skyrocketed by 400% in the past two days, which will result in a large amount of Shiba Inu coins being taken out of circulation, Crypto News Flash reports.

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