According to U.Today, Shiba Inu (SHIB) may experience a bullish rally this week, driven by an upcoming event featuring Shyoshi Kusama, the ecosystem’s lead developer. This development follows a period of sideways movement in SHIB’s price over the past week.

Shiba Inu's head marketer, Lucie, announced in an X post that Kusama will speak at the 2024 Blockchain Futurist Conference. Kusama is scheduled to present at the WonderFi Main Stage today, Aug. 13, between 5:05 p.m. and 5:20 p.m. EDT. The Blockchain Futurist Conference 2024, now in its sixth year, is being held in Toronto, Canada, at the Rebel Entertainment Complex and Cabana on Aug. 13 and 14. The conference gathers leading figures in crypto, Web3, NFTs, DeFi, staking, DAOs, and more to discuss the potential of blockchain technology.

The SHIB community is hopeful that Kusama will announce a new project during this year’s conference, potentially boosting SHIB’s price. This optimism is not unfounded, as Kusama announced the launch of Shibarium, Shiba Inu’s layer-2 solution, during the 2023 conference, which had a positive impact on SHIB’s price. Kusama’s influence on the Shiba Inu ecosystem is significant, and his major announcements have historically affected SHIB’s price.

While the specifics of Kusama’s upcoming speech remain unknown, many SHIB community members are optimistic about a favorable outcome for SHIB’s price. Kusama has played a crucial role in the Shiba Inu ecosystem, and his announcements have often led to price movements. Despite his influence, Kusama’s identity remains a mystery. He has maintained anonymity since taking over from the mysterious founder, Ryoshi, in 2021. Last month, Kusama appeared on video at the IVS 2024, a major annual Web3 start-up event in Japan, wearing two masks to conceal his identity.