Experts researching Shiba Inu (SHIB) found a link with Ethereum co-founder Vitalik Buterin. According to Figaro Research’s findings, Vitalik Buterin or Ethereum core developers can be associated with the creation and development of SHIB. Meanwhile, analysts think the Shiba Inu is ready to make an explosive move and continue the uptrend. For details of the news cryptocoin.com keep reading.
Does SHIB, which analysts call booming, have any connection with Vitalik Buterin?
Dogecoin killer Shiba Inu ranks eleventh by market cap. After flipping Dogecoin several times, the SHIB price has dropped about 15% over the past two weeks. According to crypto analyst Ekta Mourya, SHIB is on its way to recovery as on-chain activity explodes. 24-hour SHIB trading volume exceeded $5.6 billion across exchanges.
A research firm called Figaro Research has launched an investigation into SHIB founder Ryoshi’s connection to the Ethereum core development team. The firm has extensively investigated the link between SHIB and Vitalik Buterin through Blockchain records and transactions with different wallet addresses. The author of the research paper believes that Vitalik Buterin’s wallet “vb2” funds wallet “X”, which has close links to the wallet address that distributed Ryoshi and SHIB. Interestingly, the “X” wallet is important as it interacts with the wallet addresses of the developers on the Ethereum core team. The findings seem consistent with speculation around the link between SHIB and the Ethereum development team.
The SHIB community is waiting for the release of an NFT game to burn more SHIB tokens, reducing the percentage of the circulating meme-coin supply. Bricks Buster, a mobile game, is burning SHIB tokens through ad revenue.
Cryptocurrency analyst Mark Cullen evaluated the SHIB price trend and predicted that the Shiba Inu is highly likely to break out of the downtrend channel. The analyst’s initial target for the SHIB price is $0.000786.
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