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The Shiba Inu coin team announced their proposal to establish a Strategic Blockchain Innovation Center (S.H.I.B.) in the United States. This initiative has generated significant excitement within the cryptocurrency community. The project’s lead developer, Shytoshi Kusama, shared the news on the X platform, inviting presidential candidates and stakeholders to support the project. Shiba Inu’s endeavor aims to strengthen the impact of blockchain technology.
Objectives and Budget Plan of S.H.I.B. Project
On November 5, Kusama made an official statement regarding the project. He noted that the initiative aims to position the U.S. as a hub for blockchain technology and sustainable development. The project envisions efforts in infrastructure development, economic incentives, talent cultivation, and regulatory framework establishment, with an estimated budget ranging from $1.3 to $2.35 billion over 5 to 10 years.
The project is expected to yield outcomes such as job creation, attracting startups, increased employment, and technological advancement. Additionally, plans include strategies for global outreach and marketing, along with auditing sustainable practices. These details have contributed to the positive reception of the S.H.I.B. proposal within the community.
Community Response and Market Movements
Active member of the Shiba Inu community, Kaaldhairya, highlighted the project by tagging Donald Trump and Elon Musk. Kaaldhairya emphasized their aim to contribute to business and technology by establishing a “Crypto Valley” in the U.S. These statements have fostered optimistic expectations regarding the future of SHIB coin. Following the project announcement, the SHIB price rose by 4%, reaching $0.00001745.
Furthermore, Elon Musk’s involvement with the Department of Government Efficiency (D.O.G.E.) positively impacted Dogecoin 
$0.250874. This situation has drawn attention to other dog-themed meme coins as well.
Goals of the Shiba Inu Team
Shiba Inu’s S.H.I.B. project aims to support blockchain innovation in the U.S., promoting economic and technological growth. The project is viewed as a significant step not only for the Shiba Inu community but also for the broader cryptocurrency ecosystem. Kaaldhairya expressed that S.H.I.B. is an ideal candidate for America’s own “Crypto Valley.”
The Shiba Inu team’s initiative is regarded as a major advancement in the widespread adoption of blockchain technology and cryptocurrencies. The impact of the project in the coming period will be closely monitored.
