The Shiba Inu team proposed to turn the U.S. into a crypto valley, inviting Musk and Trump to join. SHIB price rose by 4%, and investors are bullish.
On Tuesday, the Shiba Inu coin team announced a proposal to introduce a Blockchain Innovation Strategy Center (SHIB) in the United States, sparking a frenzy in the cryptocurrency space. Notably, the chief developer of the meme coin, Shytoshi Kusama, recently unveiled this proposal and invited 'presidential candidates or relevant parties' from across the country to promote this effort. Meanwhile, another well-known community member, kaalhairya, called on U.S. presidential candidate Trump and billionaire Elon Musk to pay attention to this matter.
The Shiba Inu team announced the SHIB proposal.
In an official X post on November 5, Shytoshi Kusama proposed to establish SHIB (Blockchain Innovation Strategy Center) in the United States. Notably, the initiative aims to transform the U.S. into a hub for blockchain technology and sustainable development. The proposal emphasizes that as competition for blockchain and digital asset-based investments intensifies, this move could be crucial.
Additionally, the details in the proposal also suggested a potential budget plan for developing a strategic hub in the U.S., covering key aspects such as infrastructure development, economic incentives, talent development, regulatory frameworks, establishing and monitoring sustainable practices, marketing, and global promotion. According to the plan revealed by Kusama, the development cost of the hub is expected to be between $1.3 billion and $2.35 billion over the next 5 to 10 years.
Furthermore, the project also focuses on creating jobs, attracting startups, increasing employment, and developing technology. Overall, the proposal has sparked enthusiasm among market participants and raised interest in the cryptocurrency project of the meme coin Shiba Inu.
Meanwhile, as the U.S. presidential election unfolds, meme coins seem to be stealing the spotlight. Notably, the legendary efficiency department of Elon Musk (DOGE) has injected a lot of optimism into another dog-themed meme cryptocurrency, Dogecoin. Recently, CoinGape Media reported that this American billionaire hired a critic of the Federal Reserve: Ron Paul, to gain expertise on DOGE, aiming to minimize government spending.
Executives criticize Trump and Musk, sparking optimism in the market for SHIB prices.
On the other hand, another key member of the meme coin team, kaalhairya, also joined X, reiterating Kusama's statements while mentioning Elon Musk and Donald Trump. According to Kaal, this effort could lead to 'America's own crypto valley'—calling it SHIB, the super intelligent cousin of DOGE, bringing jobs, technology, and a future world!' In summary, this announcement has attracted significant attention across the market, resonating with optimism regarding the future prospects of Shiba Inu.
Given the support for the proposal, the price trajectory of this meme coin may also undergo a paradigm shift. Notably, the price of SHIB is $0.00001745, rising 4% in sync with the announcement. The coin's 24-hour low and high prices were $0.00001642 and $0.00001743, respectively. Cryptocurrency market enthusiasts continue to pay attention to this coin amid recent developments, expecting future trends to shift further.
