As a seasoned analyst with over two decades of experience in the financial markets, I’ve seen my fair share of development announcements and price movements. The latest from Shiba Inu‘s leading developer, Shytoshi Kusama, is an interesting development indeed. A 44-episode podcast to delve deeper into the meme coin’s ecosystem could potentially strengthen community engagement.
However, as a pragmatist who’s been around the block a few times, I can’t help but notice that this announcement hasn’t seemed to have any immediate impact on SHIB‘s price. In fact, it’s currently down 20% over two weeks amid broader market correction. This could be due to several factors, including the overall bearish sentiment in the crypto market and increased selling pressure from centralized platforms.
One thing that always strikes me as amusing is how cryptocurrencies can rally on the slightest positive news but plummet just as swiftly when the winds of uncertainty blow. It’s like watching a game of musical chairs where everyone’s dancing until the music stops, and then it’s every man for himself!
In this case, let’s see if the music starts playing again for SHIB bulls. Until then, I’ll be keeping a close eye on the price action and the podcast episodes, hoping to learn a few tricks from Shytoshi Kusama himself!
TL;DR
- Shytoshi Kusama plans a 44-episode podcast to further engage the Shiba Inu community.
- Despite the announcement, SHIB’s price remains in decline, down 20% over two weeks, amid broader market correction.
The Upcoming Development
The developer of Shiba Inu, often known as Shytoshi Kusama, has announced plans to launch a podcast in 2025. This podcast will feature 44 episodes, exploring various facets of the entire meme coin ecosystem.
Kusama clarified that each Monday, the podcast’s focus will shift towards meme coins, while Tuesdays are set aside for Treat (TREAT). This token plays multiple roles, one of which is serving as a reward for users who engage in activities within the Shiba Inu ecosystem.
Each Thursday, you’ll find a “tech talk” streaming. On Fridays, Kusama will engage in “shootouts and follow-ups,” and Saturdays are dedicated to “spiritual discussions.” No podcast is scheduled for Wednesdays or Sundays.
“Next year will be epic, and I am so excited to share what we’ve built,” the developer concluded.
In the near future, a new podcast will be shared as part of our community-focused initiatives. Back in 2021, Kusama and Kaal Dhairya – two anonymous developers behind Shiba Inu – announced their plans to step down by December 2024, transferring complete control to the SHIB Army. They explained that this transition supports their goal for genuine decentralization within the cryptocurrency sector.
SHIB Price Outlook
Regardless of the upcoming development, the value of the meme coin is still decreasing. At the moment, it’s being traded at approximately $0.00002165, representing a 3% drop over the last day and a 20% decrease in the past fortnight.
The poor performance of [cryptocurrency] is happening at the same time as the overall drop in the cryptocurrency market since the last FOMC meeting. It’s worth mentioning that Bitcoin (BTC) dropped from over $108,000 on December 17 to its current level of $93,500 following hints from America’s central bank that interest rate cuts might be halted as early as 2025 due to growing concerns about inflation.
One indication that Shiba Inu (SHIB) bulls may face more hardship in the upcoming days is the exchange netflow. According to CryptoQuant, inflows exceeded outflows on many days last week. This trend might indicate a move from self-storage methods towards centralized exchanges, which could be perceived as a bearish sign because it boosts immediate selling pressure.
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2024-12-30 15:20