‘Dogecoin Killer’ Shiba Inu Up 3%: What Is Going On?
Shiba Inu (CRYPTO: SHIB) is up 3.7% over the past 24 hours as positive news from its community bolster sentiment.
What Happened: Pseudonymous lead developer Shytoshi Kusama suggested establishing a blockchain innovation hub in the U.S., inviting presidential candidates to endorse a “Silicon Valley” for the blockchain sector.
This initiative, dubbed S.H.I.B., aims to drive economic growth, create quality jobs, and reinforce the U.S. as a leader in emerging technologies. Kusama estimated the project cost at $1.3 to $2.35 billion over 5-10 years.
By leveraging blockchain’s transformative potential, this S.H.I.B. initiative aims to stimulate economic growth, create high-quality jobs, enhance national security, and reinforce the United States’ leadership in emerging technologies.
Crypto analyst Javon Marks reaffirmed …
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