Shiba Inu Lead Dev Shares Mysterious ‘Where’ Video As SHIB Readies For Breakout?

Jake Simmons

1 year ago

3 mins read

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Shibarium, the highly anticipated layer 2 solution by Shiba Inu, is facing significant delays, leaving investors in a state of uncertainty. Despite initial expectations for a launch between the second and third quarter of 2023, the exact release date remains unknown.

However, Shiba Inu chief developer Shytoshi Kusama released a new video today that may give the community renewed optimism. Alluding to the most frequently asked question of when Shibarium will finally be released, Kusama wrote via Twitter today: “Wen is so last year. The real question is… WHERE?” and shared numerous hashtags: #SHIBARMY #SHIBARIUM #SHIBOSHIS #SHIBAETERNITY #MVSHIB #SHIBACALS #WELLY #UNIFICATION #BADIDEAI #SEEYOUTHERE.

The video features the Shiba Inu logo and a major (American) city. The message of the video is: “Something is coming. Actually we are going somewhere.” Apparently the developers of Shiba Inu are planning a big event, whether it is the launch party for Shibarium is the one million dollar question. At least that’s what Kusama’s words suggest, as it’s apparently no longer a question of when, but where. However, it could just be a Shiba Inu convention or an event to announce something else, so far it’s all speculation.

#wen is so last year. The real question is… #WHERE? #SHIBARMY #SHIBARIUM #SHIBOSHIS #SHIBAETERNITY #MVSHIB #SHIBACALS #WELLY #UNIFICATION #BADIDEAI #SEEYOUTHERE pic.twitter.com/vLDAXVwWGn

— Shytoshi Kusama™ (@ShytoshiKusama) June 29, 2023

But the chances are very high that it will be an event that puts Shibarium at the centre of attention. After all, Kusama uses the hashtag Shibarium second, right after #SHIBARMY. Obviously, the entire Shiba Inu community will meet, as Shiboshi NFTs, the collectible card game Shiba Eternity, SHIB The Metaverse, Shibacals, Bad Idea.AI and Shibarium developer Unification are also mentioned in the hashtags.

Shiba Inu Price Remains Flat Despite Announcement

The lack of clarity on Shibarium currently seems to be causing concern among Shiba Inu traders and is affecting the valuation of the SHIB token. Apparently, the delay in the release of Shibarium has had a negative impact on the price of SHIB in recent weeks.

Lately, SHIB experienced a significant decline, falling from $0.000011 to $0.00000591, a level the price last saw on September 09, 2021. Even though SHIB managed a 40% rally, the price failed to break the 23.6% Fibonacci retracement level and the descending trend channel that has been formed since early February.

At press time, Kusama’s teaser video did not generate much hype among SHIB investors. The price remained stuck at $0.00000726, but in position to attack the top of the descending trend channel again. A breakout above the area between $0.000080 and $0.00000833 (23.6% Fibonacci retracement level) is the key resistance at the moment.

Shiba Inu SHIB — SHIB price about to break out?, 1-day chart | Source: SHIBUSD on TradingView.com

Featured image from iStock, chart from TradingView.com

Jake Simmons

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.

His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.

Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.

For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.

As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.

In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.

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