Shiba Inu Developer Shytoshi Kusama Explains ‘Myriad' of Use Cases for New Shibarium Identity Project

Shiba Inu's (SHIB) upcoming blockchain-based digital identity project will have a “myriad” of use cases that will help maintain decentralization, according to pseudonymous memecoin lead developer Shytoshi Kusama. Shib, the ecosystem's official Twitter account, announced last week that Kusama is planning to integrate Self-Sovereign Identity (SSI) in all Shiba Inu projects.

Timeline of Kusama, Shiba-inu

The world's largest crypto exchange platform by volume has announced support for memecoin Shiba Inu (SHIB) as a collateral asset for one of its loan programs. In a new company statement, Binance says that it's adding SHIB, alongside a handful of other altcoins, as collateral to its flexible loan feature.

Shiba Inu just accomplished a significant feat, which social analytics platform LunarCrush highlights. Shiba Inu has topped LunarCrush's AltRank, according to a tweet from the social analytics platform, with leading overall social and market activity when compared to the entire crypto market.

Shiba Inu (CRYPTO: SHIB) is seeing an extended upward momentum this weekend, with the dog-themed crypto taking a sharp leg up since early Saturday. What Happened: SHIB as well as its sister token Bone Shiba Swap (CRYPTO: BONE) were among the biggest gainers on Saturday, with the former advancing close to 13%.

Shiba Inu (SHIB) price crossed the $0.000095 milestone for the first time since May 2023. The price bounce came after Binance announced SHIB as an approved collateral asset for loans on the exchange.

Shiba inu was a notable gainer during Saturday's session, as the meme coin climbed to a three-month high. The move comes as traders continue to react to Binance's decision to approve the coin as a collateral asset, in addition to the upcoming launch of Shibarium. Dogecoin also snapped its recent losing streak today.

Maintaining a declining trend ever since the 2021 all-time high, the Shiba Innu coin price continues to make lower highs. With the early 2023 bull run of 78% forming a new lower high, the Shiba Inu coin price prolonged a downtrend leading to a new bottom formation at $0.00000667.

Shiba Inu Price Analysis: Defying the increasing FUD in the crypto market, the Shiba Inu price showed a significant upsurge in recent days. The uptick could be associated with the listing of Shiba Inu Ecosystem's Token LEASH on the Instant custody-free cryptocurrency exchange StealthEX.

The Shiba Inu (SHIB) ecosystem will make blockchain-based digital identity part of the project's future developments. Shib, the ecosystem's official Twitter account, says that lead developer Shytoshi Kusama is planning to integrate Self-Sovereign Identity (SSI) in all Shiba Inu projects.

In a stunning turn of events, the wallet of beleaguered U.S. crypto broker Voyager was inexplicably enriched with a whopping 7.45 billion Shiba Inu tokens, valued at approximately $60,754. The surprise did not end there, as additional SHIB tokens, worth more than $300,000, had been deposited into the same address just a few days prior.

Shiba inu was one of Friday's biggest movers, as markets reacted to the news that Binance had approved the meme coin as a collateralized asset. The cryptocurrency exchange confirmed that it was adding 22 new loanable and collateral assets to its Flexible and VIP Loan services. Solana was another notable gainer on Friday.