As a seasoned crypto investor with over five years of experience under my belt, I must admit that the recent turn of events surrounding Shiba Inu (SHIB) has left me both intrigued and amused. The postponement of their much-anticipated global conference, ShibaCon, initially slated for November 9, was certainly an unexpected twist. However, it’s not uncommon in the crypto world, where dates on calendars often serve as mere suggestions rather than hard facts.
TL;DR
- Shiba Inu’s ShibaCon, originally scheduled for November 9, has been postponed. Ticket holders will receive refunds and free VIP tickets for the rescheduled event.
- Despite that, SHIB’s price has surged substantially as of late, with its market cap reaching $11 billion. Approximately 53% of all investors are currently in profit.
Change of Plans
Initially, Shiba Inu had planned a worldwide conference slated for Bangkok, Thailand on November 9th, which they referred to as ShibaCon. This event aimed to unite developers, advocates, and fans from various parts of the globe to deliberate on the project’s technological advancements and prospective ecosystem expansions.
More recently, however, the creators of the meme coin have decided to delay the event in order to create an even more thrilling experience for their users.
We’re eagerly anticipating welcoming Web3 innovators, developers, and members of the ShibArmy to our revamped ShibaCon event,” the statement says.
The team guaranteed that every ticket holder would be notified via email and fully refunded. Additionally, once the new venue and dates are announced, they will receive complimentary VIP tickets.
The announcement elicited a variety of reactions among users, as some perceived that attendance for the conference might not have been particularly strong, leading to its delay. However, others were thrilled at the prospect of getting free admission to the upcoming event, considering themselves fortunate.
SHIB Price Rally
The delayed conference, announced earlier this week, did not affect the valuation of the meme coin negatively. On the contrary, SHIB has been experiencing a surge in its price for the past month, increasing by more than 40%. Currently, it is trading at around $0.00001867 (as per CoinGecko’s data), with a market capitalization of approximately $11 billion.
If you’re interested in delving into some possible factors driving Shiba Inu’s surge, we invite you to check out our comprehensive article right here.
Recently, a surge in popularity has led to positive returns for many investors holding the meme cryptocurrency. According to IntoTheBlock’s analysis, about half (53%) of its total investors are currently enjoying paper profits, while 43% are still losing money and only a small percentage (3%) are at break-even point. In comparison, just over a year ago in September, the situation appeared dire as nearly 90% of all SHIB holders were experiencing losses.
Approximately 80% of investors jumped on board over a year ago. About 19% have invested in the past year, and only 2% have recently joined the community within the last month.
Read More
- W PREDICTION. W cryptocurrency
- AAVE PREDICTION. AAVE cryptocurrency
- Top Gift Ideas for Your League of Legends-Obsessed BF on a Budget
- PRCL PREDICTION. PRCL cryptocurrency
- NUUM PREDICTION. NUUM cryptocurrency
- PENDLE PREDICTION. PENDLE cryptocurrency
- Top gainers and losers
- PAXG PREDICTION. PAXG cryptocurrency
- COW PREDICTION. COW cryptocurrency
- NGL PREDICTION. NGL cryptocurrency
2024-10-17 06:34