Shiba Inu, the famous ‘Dogecoin Killer’ memecoin, after the establishment of Elon Musk’s D.O.G.E, proposes to establish the S.H.I.B, a Strategic Hub for Innovation and Blockchain in the USA. Meanwhile, the general crypto rally drives SHIB in bull but still underperforming compared to DOGE.
Summary
Shiba Inu: the proposal to establish the Strategic Hub for Innovation and Blockchain or S.H.I.B
Shiba Inu, the memecoin project that began its career with the nickname ‘dogecoin killer’, is now dealing with new initiatives.
The head of the Shiba Inu development Team, Shytoshi Kusama, has presented his proposal to establish the Strategic Hub for Innovation and Blockchain (S.H.I.B) in one of the cities in the USA.
“I propose a Strategic Hub for Innovation in Blockchain (S.H.I.B.). I invite the candidates for the presidency and/or the interested parties to respond if they support this “Silicon Valley for the Blockchain industry.”
With Trump’s victory in the 2024 presidential elections, Elon Musk has become the new head of the Department of Government Efficiency (D.O.G.E). It is a government agency conceived by Musk to reduce excessive government spending, which, interestingly, shares the same initials as the Dogecoin ticker DOGE.
Here is how, even for the memecoin Shiba Inu, something similar has arrived that will be brought to the attention of the new President of the USA, the most pro-crypto ever.
Specifically, the proposal aims to transform primarily a city in the USA into a global epicenter for blockchain technology and sustainable development.
The S.H.I.B initiative aims to use the blockchain to stimulate economic growth, create high-quality jobs, improve national security, and strengthen the leadership of the United States in emerging technologies. Not only that, the hub will integrate sustainable practices, aligning with national goals of environmental management and sustainable economic development.
Shiba Inu: the price of SHIB and memecoins compared after Trump’s victory
Taking a look at the prices of memecoins, even SHIB seems to have ridden the general crypto rally motivated by Trump’s victory in the 2024 presidential elections.
At the time of writing, SHIB is in a pump of +8% compared to a week ago. The price of SHIB has gone from $0.000016 on November 5th to nearly reaching $0.0000195.
Obviously, such a price pump is incomparable to that recorded by DOGE, which turns out to be the memecoin most in the spotlight at the moment.
DOGE is now in a pump of +20% compared to a week ago, with the price having risen from $0.16 on November 5 to nearly $0.21. At the time of writing, DOGE is worth $0.19.
In third place for market capitalization in the memecoin category is PEPE, which is also in a pump of +20% compared to a week ago. The price of PEPE went from $0.000008 on November 5th to reach $0.000012. At the time of writing, PEPE is worth $0.000010.
Price prediction for SHIB according to AI
Recently, the AI was asked to provide a price prediction for SHIB. The response suggests that the price of SHIB could rise to $0.00003019 by November 10 (the day after tomorrow).
To motivate the response, the AI seems to have considered one of the most significant developments of Shiba Inu, namely the launch of the SHIB Doggy DAO which aims to ensure transparent governance.
In this sense, it would be the community making the key decisions regarding Shiba Inu with the SHIB Doggy DAO acting as the “legal custodian”.
The AI has considered this element as positive for the crypto-community, which will appreciate SHIB in the short term.
