The second-largest meme coin by market value, SHIBA INU (SHIB), shared something ambitious a few minutes ago. It’s common for meme coins to make such exaggerated announcements, but investors always leave the door open wondering, “Is something really big coming?” So, what’s happening?
Shiba Inu News
A few minutes ago, the Shiba Coin team made a statement that we will understand better in the coming days. With about 45 minutes left to the daily close, the price, which had dipped to $0.0000244, is now finding buyers at $0.0000252 due to the impact of this announcement and is trying to surpass the $0.00002535 region for further increases.
The team’s posts stated the following;
“(Today) we’re in second place, but the days are numbered for Dogecoin. We have the Shiba Army and Shibarium, along with secret weapons (projects, announcements, etc.) that we haven’t yet revealed. Get ready for the best meme coin.”
The quoted post had stated that according to Cryptocom, Shiba is the second-best meme coin by market value.
Shiba and Dogecoin
It’s not impossible for Shiba Coin to overtake Dogecoin in terms of market value. We haven’t seen such a bold announcement in a while. There were days when they competed fiercely in the ranking of the largest altcoins by market value. What makes this post significant is that the Shiba Coin team hasn’t announced a major product for quite some time.
The Shiba Coin team created great excitement at the beginning of last year with the Shibarium testnet and saw very little of the testnet period’s user activity even after moving to the mainnet in the second half of the year. Since then, the Shiba Coin team has likely been working on bombs to set off during bull markets, and today they gave the first major signal.
Investors should be prepared for potential rises in the coming days, depending on the announcement, even if the price has not yet reacted as expected. The initial announcement hype in the case of Shiba Coin triggers rapid ascents.
The nearest date for this announcement is likely to be when the BTC price recovers from the $59,000-60,000 support level.
