Shiba Inu lead developer Shytoshi Kusama nabbed substantial market interest on Saturday, hinting that the TREAT token launch lies shortly ahead. In a recent X post, the lead developer indicated that loads of work needed to be done in a few days for the launch, echoing a market buzz surrounding the dog-themed meme token. In turn, market participants are now eagerly awaiting the token launch, with traders and investors further taking a bullish stance on SHIB’s long-term prospects.
Shiba Inu’s Shytoshi Kusama Indicates TREAT Launch Shortly Ahead
In an official X post dated January 4, Shiba Inu lead Shytoshi Kusama stated, “Have the TREAT launch and two extremely important papers to complete, so I’m stepping away from X for a few days.” This statement has sparked noteworthy market optimism with soaring anticipation of the TREAT token launch ahead. Although Kusama guaranteed that he would return soon, the statement appears to have hinted towards a significant milestone for SHIB.
Notably, Kusama confirmed the TREAT token launch earlier, which has further cemented sentiments of a looming token launch. Meanwhile, the launch follows another remarkable development, SHIB: The Metaverse’ launch, adding to market optimism on future movements.
Simultaneously, the constant Shiba Inu burns have dealt a phenomenal blow to the circulating supply. Following the law of supply and demand, market watchers anticipate phenomenal gains in the top dog-themed meme token.
Is 45% Gains Imminent For The Token?
At the time of reporting, SHIB price witnessed gains worth 5% intraday and is currently trading at $0.00002426. Its 24-hour low and high were $0.00002319 and $0.00002585, respectively. Intriguingly, many anticipate the current rally was also fueled by Shytoshi Kusama’s statement on TREAT.
Moreover, a recent SHIB price analysis by CoinGape revealed that the token eyes 45% gains ahead, primarily against the backdrop of strong market technicals. The analysis revealed that a bullish move would see Shiba Inu coin rise and retest the resistance at $0.00003270. This level is approximately 45% of the current price level.
In turn, market watchers extensively eye SHIB rally, especially with the recent statement of the Shiba Inu lead Shytoshi Kusama regarding the TREAT token launch. On the other hand, the current rally in the broader crypto market, alongside the top meme coins, has further fueled sentiment. Notably, a top market expert has recently shared bullish price targets for Pepe Coin, SHIB, DOGE, and others, which signals a robust meme coin rally ahead.
Coingape Staff
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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