Shiba Inu: Legendary Game Developer to Attend Canada's Largest Blockchain Conference

The 5th annual Futurist Conference, Canada's premier blockchain and cryptocurrency event, is poised to gather a star-studded list of speakers on Aug. 15-16. Amidst the expected sea of startup founders, investors, and financial magnates, a new name has emerged in the lineup: William Volk, a renowned game developer with a storied career in the tech industry.

Timeline of Shiba-inu

In a remarkable turn of events, Shiba Inu (SHIB), the cryptocurrency born out of internet meme culture, has orchestrated an astonishing ascent, boasting an impressive 20% surge within the past week.

The week is gradually coming to an end, and most altcoins are exploring ways to wriggle out of their protracted losses over the trailing seven-day period. Shiba Inu (SHIB) is one of these ambitious altcoins, having gained a small 2.73% to push its price to $0.000009984 at the time of writing.

Data from Santiment indicated that Shiba Inu has captured the attention of many traders considering what's lined up for the memecoin. However, excited investors may need to be on the lookout for what comes after a massive surge in prices.

While the broader crypto market consolidates, the Shiba Inu (SHIB) price has surged 3% in the last 24 hours. Thanks to the 79 million SHIB tokens burnt in the last 24 hours, thereby reducing market supply and leading to upward price pressure.

The buzz around Shiba Inu (SHIB) seems to never die down, and a closer look reveals a compelling reason behind the latest price surge. Since July 1, SHIB has witnessed an impressive 25% hike.

The pseudonymous lead dev of Shiba Inu, Shytoshi Kusama, has made an announcement in the official Telegram channel “Shibarium Tech”, teasing three new partnerships for SHIB that are coming soon. The SHIB army calls them ‘partnerSHIBs'.

Amidst a more extensive revival in the cryptocurrency market, the value of Shiba Inu has witnessed a significant upward trend today, giving investors of the meme coin a reason to be happy. The surge in its value can be attributed not only to the prevailing favorable feeling in the cryptocurrency industry, but also to a fundamental reason that is bolstering its worth.

SHIB's title of the best-performing cryptocurrency of the last few weeks may be about to witness a change as exhaustion of the bulls has taken over. A bearish price action could be the reality of SHIB over the next couple of days.

SHIB Price Analysis: On August 5th, the Shiba Inu price provided a bullish breakout from the rising wedge pattern. The coin price breaking above the resistance of the chart setup that is following an ascending trend indicates the strong bullish momentum in the market.

Recently, Shiba Inu, often referred to as the “Dogecoin killer,” has become the center of the meme coin market due to its unstoppable bullish rally. As the Shibarium's launch is just a few days away, the SHIB price is preparing for a notable surge.