Shiba Inu Lead Developer Shytoshi Kusama Suggests SHIB and Other Ecosystem Tokens Will be Going to the Moon

The Shiba Inu leader made this known in reaction to an inquiry from the leading crypto trading platform HTX.

The enigmatic leader of the Shiba Inu project, Shytoshi Kusama, has hinted that SHIB and other ecosystem tokens might be "going to the moon." In response to a query from the prominent crypto trading platform HTX, Kusama made this suggestion.

On Thursday, HTX posed the question to its more than 1.5 million followers on X post, asking them to identify the asset that will be “"going to the moon!"” This well-known expression in the crypto world denotes an asset's anticipated substantial gains.

HTX's query sparked reactions from cryptocurrency enthusiasts, including Shiba Inu's lead. The Shiba Inu leader responded with the term "WOOF," which is frequently used by SHIB enthusiasts to greet one another.

The WOOF expression has gained popularity among members of the Shiba Inu community. It serves as a dog's bark sound representation given Shiba Inu's dog theme. However, in response to HTX's query, Kusama playfully uses "WOOF" to indicate the potential for substantial rallies in Shiba Inu ecosystem tokens, including SHIB, BONE, and LEASH.

This hint from the lead Shiba Inu developer came shortly after his speech at the Blockchain Futuristic Conference on Wednesday. As previously reported, Kusama highlighted Shiba Inu's achievements since its beginning and outlined the ecosystem's roadmap.

Shiba Inu ecosystem tokens are still attempting to recover from the recent market downturn, which significantly impacted the prices of several assets. At press time, SHIB had experienced a daily gain of 1.47%, currently trading at $0.00001378.

Despite Shiba Inu's recent difficulties, several analysts remain optimistic about a potential price increase for the asset. On Tuesday, The Crypto Basic reported a higher low pattern on Shiba Inu's chart, indicating a potential price increase.

Notably, popular market watcher MMBTtrader speculates that SHIB could be preparing for a parabolic 116.92% rally, which might quickly drive its price to $0.00003. In the meantime, some analysts have set more ambitious targets for Shiba Inu, with some projecting SHIB's price to hit $0.0001 in a bull market.

The above is the detailed content of Shiba Inu Lead Developer Shytoshi Kusama Suggests SHIB and Other Ecosystem Tokens Will be Going to the Moon. For more information, please follow other related articles on the PHP Chinese website!