As a seasoned crypto investor with a knack for sniffing out promising opportunities and a penchant for meme coins, I find myself intrigued by the upcoming ShibaCon event. The fact that it’s happening around the same time as DevCon in Bangkok only adds to the excitement. I’ve attended my fair share of conferences, but this one promises to bring together some of the brightest minds in the blockchain industry, including DeFi and NFTs, Web3, gaming, and more. The opportunity to network with like-minded individuals and exchange ideas is something I always look forward to.
The enigmatic figure in the cryptocurrency world, commonly referred to as Shytoshi Kusama, has piqued the interest of the SHIB community with a tweet hinting at the upcoming ShibaCon – a significant blockchain gathering organized by the Shiba Inu team.
ShibaCon event looms on horizon
ShibaCon will happen in Bangkok, Thailand, and it’s scheduled to run for about a week, starting on November 5 and ending on November 15.
The event is scheduled for around the same period as the yearly DevCon gathering in Bangkok, happening from approximately November 7th to November 17th.
🎟!!! #Shibacon
— Shytoshi Kusama™ (@ShytoshiKusama) October 1, 2024
At this upcoming event, many influential figures from the blockchain sector, such as DeFi, NFTs, Web3, gaming, and more, will take center stage as keynote speakers and engage in insightful discussions about a range of significant topics. Furthermore, attendees can anticipate ample chances for networking with developers, influencers, content creators, and others who share similar interests, allowing them to swap experiences and ideas.
In response to Kusama’s tweet, members of the Shiba Inu community expressed excitement as they looked forward to the commencement of the event. However, some users lamented that tickets could not be purchased using Shibarium tokens such as SHIB, BONE or LEASH, and also through Shibarium itself.
Shiba Inu price action
This past week, SHIB, the second-largest meme cryptocurrency, experienced significant price fluctuations. On Tuesday, there was a sudden drop of over 12%, causing its value to dip from approximately $0.00001840 to $0.00001612. Interestingly, this sharp decline had a ripple effect on Bitcoin and the entire cryptocurrency market. The cause appears to be a negative shift in the geopolitical climate of the Middle East that transpired during this week, which also impacted Bitcoin and the stock market.
Over the past 24 hours, the situation has slightly changed for the better for SHIB – it has staged an increase of 4.7% and at the time of writing this material is changing hands at $0.00001688.
On Tuesday, Bitcoin experienced a dip of nearly 5%, moving from around $63,900 to $60,750. However, it has since partially recuperated, increasing by about 1.62% to reach the current trading price of $61,730.
SHIB burn rate below zero
Over the past 24 hours, one significant metric for SHIB, the burn rate, has fallen below zero, currently standing at a decrease of about 92%.
Over the past morning, the Shiba Inu community has carried out a single transaction burning 800,000 SHIB tokens. Yesterday, Shibburn recorded over 1,500,000 SHIB being incinerated.
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2024-10-02 11:22