Designed with a meme as its central theme, Shiba Inu (SHIB) has scared its community with its recent cryptic text showing “progression.” The protocol’s official X account post features just three special characters, including “4,” a newspaper headline, and a forward arrow sign with the word “soon.”
4️⃣ 📰 🔜
– Shib (@Shibtoken) November 27, 2023
While community members have different interpretations of this post, a crucial assumption is that four potentially massive updates are coming to the Shiba Inu ecosystem in the near future. This teaser has sparked a meme context as followers of the Shiba Inu account went crazy, sharing memes that connote their excitement and expectations about the upcoming mega reveal of the project.
Shiba Inu is a project that urgently needs innovative revelations that can revive its fundamentals and spark a new growth trigger. This terrible demand depends on the current price outlook of the meme coin. At the time of writing, SHIB is changing hands at a price of $0.00000809, down 4.86% in the last 24 hours.
The currency, despite consistency and positivity in the burn rate throughout the year, has also plunged more than 10% since the beginning of the year.
Shiba Inu’s recovery was long overdue
Shiba Inu started the year on a solid footing as it inspired its community with renewed hope that key milestones will be reached this year. The protocol actually recorded the milestones it projected when it launched Shibarium, its Layer-2 scaling solution.
However, since the protocol’s launch, anticipation has outpaced the delivery of actual value, further keeping SHIB and its associated assets at a lower valuation compared to other altcoins in the industry.
SHIB’s core developers have promised new innovations ahead of the market’s bull cycle and every hint of Shiba Inu, including this latest cryptic post raising the expectations of community members.
