TL;DR

  • Shiba Inu’s co-founder hints at significant partnerships during his recent silence on social media.
  • SHIB saw a 2% increase in 24 hours and 1% weekly, with potential for further growth from major collaborations.
  • The layer-2 solution, Shibarium, which achieved notable milestones, is viewed as a catalyst for SHIB’s price growth.

Bullish Sign for SHIB?

Shiba Inu’s lead developer, who uses the pseudonym Shytoshi Kusama, has recently shed more light on their inactivity in social media. The leading developer revealed they have interacted with some “important” individuals and platforms, hence their absence.

“I’ve been talking to VERY important individuals and some top in community for the next phase. Now, I can return and support in any way I can as we keep building.”

In addition, Kusama raised hopes that the potential collaborations could be beneficial for the Shiba Inu community and begin a new phase of the network. “Sometimes silence is the best weapon,” they concluded.

Some analysts and even the AI-powered language model ChatGPT have previously estimated that major partnerships between the memecoin project and prominent companies could have a boosting effect on SHIB’s valuation.

The self-proclaimed Dogecoin killer has risen approximately 2% in the past 24 hours and a mere 1% for the last seven days.

SHIB Needs More Catalysts

Besides such probable collaborations, experts have argued that mass adoption and the further advancement of Shiba Inu’s layer-2 blockchain solution – Shibarium – could also play a role in a future SHIB price increase.

The L2 network went officially live at the end of August and quickly grabbed the attention of the crypto community. It managed to blast through several milestones in terms of transaction volume, number of wallets, and overall activity. Those willing to learn more about Shibarium could take a look at the clip below:

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