SHIB News: Shytoshi Kusama’s Absence Sparks Speculation but Optimism Remains High

The cryptocurrency community is buzzing with speculation as Shytoshi Kusama, the pseudonymous former lead developer of Shiba Inu (SHIB), has been inactive on social media for several weeks. Despite this, there’s a sense of optimism among SHIB proponents who believe that Kusama’s silence could be a sign of something big in the works.

Shiba Inu’s Shytoshi Kusama Vanishes: The Calm Before the Storm?

SHIB’s former lead developer, Shytoshi Kusama, hasn’t posted on X since March 7, causing some puzzlement in the community. However, Shibarium’s marketing strategist reassures that Kusama is focused on ambassadorial duties. Many SHIB proponents remain optimistic, expecting major partnerships or developments once Kusama resurfaces. Kusama, the pseudonymous former lead developer and strategist behind Shiba Inu (SHIB), has been very active on X in the past, often providing updates on the project. Their recent silence has left some community members baffled.

Shiba Inu Burn Rate Skyrockets; Bitcoin Eyes $220K - What’s Next for SHIB Price?

The Shiba Inu burn rate has surged 62,000%, removing over 505 million tokens from circulation. This dramatic reduction in supply comes amid growing cryptocurrency market volatility and renewed interest in Shiba Inu price predictions, as Bitcoin targets the $220K level in the coming years. The burning mechanism is currently a key factor influencing Shiba Inu market trends, with unprecedented burn activity levels.

Shiba Inu Gains Momentum: SHIB Price Breaks Above 100-Day Moving Average

Shiba Inu is gaining momentum as its price breaks above the critical 100-day moving average, signaling a potential trend reversal and renewed upward potential. If SHIB can sustain this breakout, it could attract more bullish interest and trigger a rally toward higher resistance levels. However, traders remain cautious and any failure to hold above the moving average may lead to renewed selling pressure.

Shiba Inu (SHIB) Price Prediction for March 17

Shiba Inu (SHIB) is currently trading at $0.00001286, experiencing a minor 0.56% decrease over the last 24 hours. However, its 30-day performance shows a 21.64% decline, indicating volatility and short-term bearish pressure. The 10-day and 20-day moving averages for SHIB have been converging, suggesting the formation of a short-term support zone around the $0.00001280 to $0.00001290 range. Despite this potential support, the overall market sentiment remains cautious.