Shiba Inu surged over 7% after the team teased the potential announcement with a cryptic social media post.
Shiba Inu team has posted a cryptic social media post containing just one word, “Soon ™️.” This has ignited a wave of speculation among the crypto community – specifically the Shiba Inu Community.
— Shib (@Shibtoken) August 11, 2023
The enigmatic message left investors and enthusiasts pondering over potential developments or announcements that might be on the horizon.
The tweet has generated immense engagement, with 1,659 reposts, 108 quotes, and 6,457 likes.
Clues from Shytoshi Kusama
In a recent telegram group chat, Shytoshi Kusama, the lead developer of Shiba Inu, confirmed that the team is gearing up to unveil three new partnerships. In addition, Kusama dropped a cryptic equation, Shib > X. This equation has captured even more attention as it suggests that Shiba Inu could be greater than crypto Twitter.
NOWNodes Countdown to Shibarium Mainnet
On the other hand, NOWNodes, a key partner in the development of Shibarium, has officially initiated a countdown to the launch of Shibarium Mainnet. In a recent tweet, NOWNodes confirmed that the Shibarium RPC Node launch is just around the corner. The only remaining puzzle piece is the release of the highly anticipated final version of Mainnet.
Countdown to the launch ⏰
We have a special feature – $BONE is the token of the week 🦴
— NOWNodes ⛓️ (@NOWNodes) August 11, 2023
The update from NOWNodes hints at the launch of Shibarium Mainnet at the upcoming Futurist Blockchain Futurist Conference 2023, slated for August 15th and 16th.
SHIB Becomes 11th Biggest Cryptocurrency by Market Cap
Amidst these developments, Shiba Inu has climbed the ranks to become the world’s 11th-largest cryptocurrency by market capitalization, beating Polkadot (DOT), Litecoin (LTC), and Polygon (MATIC).
Shiba Inu witnessed a 7.66% surge in its price over the past 24 hours. This surge has led SHIB to reclaim the valuation of $6,361,742,907 ($6.36 billion). As of press time, Shiba Inu is trading at $0.00001079, with a 24-hour trading volume of $595,522,985 ($595.52 million).