Shiba Inu’s Global Conference Postponed, Price Surges Nonetheless
ShibaCon, a global conference for the Shiba Inu community, has been postponed by the project’s developers in order to “secure an even more exciting experience” for attendees. Initially scheduled for November 9 in Bangkok, Thailand, ShibaCon aimed to bring developers, supporters, and enthusiasts from around the world to discuss the project’s progress and potential ecosystem developments.
Ticket holders will receive a full refund and VIP tickets for free when the new location and dates are announced. Despite the postponement, Shiba Inu’s native token (SHIB) has experienced a surge in value, with its market capitalization reaching $11 billion. Approximately 53% of SHIB investors are currently in profit, while 43% are underwater and 3% are break-even.
The Shiba Inu team has not disclosed any details about the reasons behind the postponement, leaving users with mixed reactions. Some suggested that the interest in the conference may not have been as high as expected, leading to the decision to postpone. Others expressed excitement about receiving the best tickets for the rescheduled event for free.
SHIB’s recent price surge could be attributed to various factors, such as increased interest in meme tokens or positive developments within the project’s ecosystem. The team behind Shiba Inu has been working on the development of its decentralized exchange (Shibaswap), as well as the Shiba Eternity card game.
These projects have the potential to contribute to the token’s value and attract new investors.
