Shiba Inu is on course to have one of its longest winning streaks, spanning months and even years, this week.
Shiba Inu has seen increases for six weeks running since July as a result of a steady rise in price, printing six consecutive weeks of green weekly candlesticks. The spectacular price climb of the cryptocurrency asset will have seen seven green weeks if this week ends on a favourable note.
Late in September of 2021, Shiba Inu produced six consecutive weekly candles, which culminated at all-time highs of $0.000088 in October of that same year.
Due to the size of the gains and the market’s lacklustre price movement, the most recent weekly winning run did not have the same effect as the one stated above.
While Bitcoin’s price performance stayed steady in recent weeks, Shiba Inu and a few other outliers saw a growth in market worth. SHIB’s price significantly increased as a result of its temporary decoupling from BTC and the altcoin pack.
Shiba Inu reportedly seen an increase in social volume as many traders turned their attention to the crypto asset, according to Santiment, an on-chain analytics company. At the time of writing, SHIB has decreased considerably during the previous 24 hours to $0.0000104. The value of the cryptocurrency has increased 17% during the last week.
Golden moment arrives
As Shiba Inu teases “some serious Shib excitement,” conscious of its big week, expectations are mounting.
Tens of thousands of attendees from all over the world will congregate tomorrow, Aug. 15, for the Blockchain Futurist Conference, Canada’s largest and longest-running Web3 event, to examine the future of blockchain technology.
Major announcements are anticipated because Shiba Inu is the blockchain event’s official title sponsor.
Shiba Inu leader Shytoshi Kusama stated that “there” is where the Worldpaper would be shown in its entirety, where all SHIB-branded products will be unveiled, and where TREAT will be extensively debated for the first time in public. It’s also quite probable that we’ll talk about and perhaps even publish our long-awaited L2 Shibarium.
At the conference, Kusama will also deliver a speech using AI for the first time.
