Earlier, Shytoshi Kusama had noted that the price of SHIB had barely changed over the previous few days. They continued by saying that genuine effort is required to raise prices. This is perhaps a reference to providing concrete outcomes rather than depending too heavily on the popularity that has grown around the idea of meme tokens. The principal developer has now publicly stated that the price may increase.
This declaration was made at the same time when Shytoshi Kusama was allegedly connected to the Bad Idea AI group. The joint venture aims to launch Shiba Inu’s AI ideas. The project centres on bitcoin and artificial intelligence and is designed for Shibarium. Actually, Kusama had hinted at this connection on Telegram, hinting that something was brewing. Restricted information on the partnership is anticipated to be made available later.
The community has also been cautioned not to interact with a Telegram message that originates from the account of Ragnar, a member of the SHIB team. According to reports, the account has been hacked, and the con artist is taking advantage of the situation to distribute phoney BONE airdrops.
The last time Ragnar was seen, he had changed the device and password to recover account control. However, it is best to exercise extreme caution before interacting with any content or message that originates from the source.
The token has not benefited significantly from Shytoshi Kusama’s comments. The price is currently rising at $0.000006949. This represents a loss of 3.18% on the previous day. If you go back 7 days, the decline is worse and is 4.71%. Shiba Inu forecasts suggest that the token may expire in 2023 with a maximum value of $0.0000220. That number is optimistic. It can go as low as $0.0000091.
The team has reduced the burn rate to 71.49%. 22,971,254 SHIB coins have been disposed of in total by the SHIB Army. The last 24 hours have seen a decline in the rate. SHIB set a record for the biggest burn by sending 10,000,000 tokens to an unusable wallet address. To destroy 341,152,570 tokens, 162 transactions were required.
When you consider that Shibarium was only introduced 40 days ago, it is performing fairly well. Over 3.3 million transactions have been made, with 12,850 taking place every day. On September 13, 2023, there were 200,000 people at its highest point. With 1,252,689 connected wallets, there have been more than one million blocks created.
SHIB‘s market capitalization has decreased by 3.12% to $4,097,683,573. However, within the past 24 hours, volume has increased by 103.46%. The amount is $116,085,7794.
Without providing many specifics, Shytoshi Kusama promised a new collaboration with Bad Idea AI. It is obvious that the goal is to advance AI efforts. In the upcoming days, the neighborhood can anticipate updates.