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Designed with a meme as its central theme, Shiba Inu (SHIB) has spooked its community with its recent cryptic text that shows "progression." The post from the protocol's official X account features just three special characters, including "4," a newspaper headline and a forward arrow sign with the word "soon."
Tomiwabold OlajideWhile the members of the community have different interpretations of this post, a crucial assumption is that this connotes the impending release of the 4th issue of the Shib Magazine.
On the loose end, it might also imply that four potentially massive updates are coming to the Shiba Inu ecosystem in the near future. This teaser has sparked a meme context as followers of the Shiba Inu account went on a rampage, sharing memes that connote their excitement and expectations of the next mega reveal from the project.
Shiba Inu is a project in dire need of game-changing revelations that can revive its fundamentals and spark a new growth trigger. This dire demand hinges on the current price outlook of the meme coin. At the time of writing, SHIB is changing hands at a price of $0.00000809, down by 4.86% in the past 24 hours.
The coin, despite consistency and positivity in burn rate all year round, has also plunged by more than 10% since the start of the year.
Shiba Inu turnaround long overdue
Shiba Inu started the year on a strong footing as it inspired its community with the renewed hope that key milestones will be attained this year. In reality, the protocol recorded the milestones it projected as it launched Shibarium, its Layer-2 scaling solution.
Yuri MolchanHowever, since the launch of the protocol, anticipation has surpassed actual value delivery, further keeping SHIB and its associated assets at a lower valuation compared to other altcoins in the industry.
Core SHIB developers have promised new innovations ahead of the bull market cycle and every hint from Shiba Inu, including this latest cryptic post triggering the expectations of members of the community.
Alex Dovbnya
Vladislav Sopov
Dan Burgin