The Shiba Inu developer has unveiled an update that brings a self-storage ID to SHIB owners. The Shiba Inu community is now waiting for a new surprise. On the other hand, it is a matter of curiosity how this situation will be reflected in the price.
There is an important development for SHIB
There is important news in the crypto ecosystem from Shiba Inu, a dog-themed meme coin. Accordingly, SHIB brings self-custody identity to its holders. Shiba Inu developer Kaaldhairya mentioned a blockchain-based digital identity system for Shiba Inu owners in his comments on the October 28 announcement.
The Shiba Inu owner community is awaiting the release of a new feature for the SHIB token. In a tweet from the official X account, he hinted at a surprise for Shiba Inu token holders. Accordingly, in the statement: “Shib Army, get ready for a seismic change in the blockchain world!” There is an expression. Also “Attention Shib Army! We all love a good surprise. Yours is on the horizon. The first step to unlocking your unique Shiba Inu identity is just 72 hours away!” It also includes emphasis.
Details not shared yet
The developers of SHIB meme coin have not yet shared the details of the Self Sovereign Identity (SSI) feature. But the countdown continues. It is expected that the big announcement will be made on Tuesday, October 31. Self Sovereign Identity is a decentralized digital identity. This gives individuals sole ownership over their ability to control their personal data when interacting with a crypto asset or platform.
The launch of SSI will increase decentralization for SHIB. It is also expected to make the Shiba Inu ecosystem and the Layer 2 scaling solution Shibarium even more secure.
There is an expectation of an increase in prices
Analyst Akash Girimath evaluated the Shiba Inu price chart. Accordingly, the meme predicted a 10% rally in the coin. Shiba Inu price has gained 16% since October 26. Accordingly, the asset reached its local peak of $0.00000824 on October 26. Additionally, the Relative Strength Index (RSI) failed to confirm the uptrend. When we look at Kriptokoin.com, SHIB price is traded at 0.000000001306 dollars while writing the article. There has been a 4 percent increase on a daily basis.
Girimath states that the increase in buying pressure may result in a small pullback. Accordingly, he emphasizes that it may pave the way for a recovery in SHIB price. Additionally, the Shiba Inu price is likely to rise by 10%.
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