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HomeCrypto NewsMarketShiba Inu to Sponsor Canada's Largest Web3 Event

Shiba Inu to Sponsor Canada’s Largest Web3 Event


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Shiba Inu is a sponsor of the Blockchain Futurist Conference in Canada this August, with the latest disclosure coinciding with a 9.72% rise in SHIB’s price to $0.00002545.

Shiba Inu is making headlines again with its role in the upcoming Blockchain Futurist Conference, Canada’s largest blockchain event which encompasses ETHToronto and ETHWomen, scheduled for August 13-14, 2024, in Toronto. This follows their recent participation in the TOKEN2049 conference in April.

The Shib Army and crypto enthusiasts may also hear from Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, who is expected to speak virtually at the conference.

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Complimentary Access to the Conference

This pivotal blockchain event in Canada will feature renowned speakers, exhibitor booths, and extensive networking opportunities, providing valuable insights into the latest trends and industry connections.

Notably, ETHToronto 2024 will cater to both experienced developers and newcomers, offering workshops, mentorship sessions, and hackathon challenges. The event will have a hybrid format, with virtual participation starting on July 1, and live activities at the Rebel Entertainment Complex on August 13 to 14.

This edition also promises an immersive experience with virtual components leading up to the in-person event. Participants can engage in online workshops and network with experts from July 1. The main event on August 13 to 14 will feature workshops, mentorship sessions, networking opportunities, and the inaugural ETHWomen event, aimed at empowering women in the blockchain space.

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Shiba Inu Previous Sponsorships

Earlier this year, Shiba Inu actively participated in the TOKEN2049 conference held in Dubai on April 18-19 as a gold sponsor. This involvement allowed the Shiba Inu ecosystem team to engage with other participants and showcase the potential of decentralization.

The 2023 edition of the Blockchain Futurist Conference was notable for the unveiling of the finalized Shib World paper, details about the TREAT token, and the launch of Shibarium.

It is also important to note that Toronto, often called the “Silicon Valley of the North,” holds special significance for the event. It is not only a tech hub but also closely linked to Ethereum, with Vitalik Buterin, Ethereum’s creator, hailing from the city.

Shiba Inu Spikes 9.72%

Following the announcement of the sponsorship roles, Shiba Inu has seen a surge in price. Shiba Inu currently trades for $0.00002545, reflecting a 9.72% increase in the last 24 hours and a 10.53% increase over the past week. 

The daily price action for SHIB/USD on Shibaswap shows a slight increase, with the price trading above the 9-day Exponential Moving Average (EMA). 

Shiba Inu 1D Chart
Shiba Inu 1D Chart

However, technical indicators like the Stochastic Relative Strength Index (Stoch RSI) show an overbought condition, suggesting a potential pullback or consolidation. High trading volumes during price increases point to strong buying interest, although significant sell-offs are also present.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Godfrey Mwirigi
Godfrey Mwirigi
Godfrey Mwirigi is a computer scientist-turned-journalist specializing in cryptocurrency and emerging technologies. His expertise spans cryptocurrency analysis, AI developments, the metaverse, Web3, and eSports, offering factual, in-depth insights on these cutting-edge fields.

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