Shiba Inu’s lead developer, Shytoshi Kusama, is creating considerable excitement within the crypto community as he hints at the imminent launch of the TREAT token. His recent messages on the X platform reveal that extensive preparations are underway, further heightening anticipation among market participants regarding this new dog-themed meme token.
Is the TREAT Token Launch Just Around the Corner?
In a post made on January 4, Kusama clarified that he will temporarily step back from X to finalize the launch of TREAT along with two critical documents. This statement has spurred positive sentiment in the market, leading many to believe that the launch could represent an important moment for Shiba Inu (SHIB).
How Are Investors Reacting to the News?
Kusama’s earlier confirmation about the TREAT token has reinforced growing expectations for its release. Following SHIB: Metaverse’s introduction, many traders are optimistic about a potential upward trajectory for SHIB. The ongoing burn events for SHIB are also expected to influence the market positively by reducing the circulating supply.
Currently, SHIB is trading at $0.00002426, marking a 5% increase for the day. With daily lows and highs of $0.00002319 and $0.00002585, respectively, traders believe that Kusama’s announcement has propelled this rally.
- The price might reach a targeted increase of 45% based on market analysis.
- SHIB’s expected resistance level is identified at $0.00003270.
- Investor confidence is rising, largely due to the TREAT token’s forthcoming launch.
As the market eagerly awaits the TREAT token’s launch, many are optimistic about Shiba Inu’s potential for substantial growth. Current market conditions combined with the anticipation surrounding TREAT suggest that investors may be in for notable price movements soon.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
