David Gokshtein, who turned his attention to crypto and founded Gokhshtein Media, has just tweeted for the popular meme coin Shiba Inu (SHIB). David Gokhshtein, a former candidate for the US Congress, believes the Shiba Inu is about to “make another move”. Here are the details…
David Gokshtein comes to the fore in praise of SHIB
cryptocoin.com As we reported, the second big meme coin SHIB has made a significant rally recently. On August 14, the cryptocurrency rose more than 36 percent from $0.00001281 to $0.00001748. Following this rise, Gokhshtein stated that SHIB is “preparing for another rise.” “It looks like SHIB wants to break up too,” he said a week ago.
Overall, this year, Gokhshtein comes up with positive comments for the Shiba Inu. Last week, the former US politician tweeted that SHIB has “a great model”. He recommended users watch to see how their ecosystem plays out over the next 12 months. In March, he even predicted that the price of the token would reach $0.001.
Why did the Shiba Inu rise?
So why has SHIB risen lately? In light of recent developments, there are several developments behind the rise of SHIB. The SHIB ecosystem was expected to undergo several positive changes in the coming days. First of all, the Shiba Inu token has gained momentum with the latest developments towards Shibarium. As is known, the Shiba Inu token is hosted on the Ethereum (ETH) Blockchain. The cost of transactions in applications hosted on the Ethereum Blockchain can also be high.
SHIB ran into this issue last year when they launched their non-fungiable token (NFT) and at one point gas fees were up to $800 per transaction. To overcome this issue, a new layer 2 blockchain called Shibarium will likely be released by Q3 2022, according to developer group Unification Foundation.
On the other hand, two weeks ago, SHIB partnered with Binance to provide support for the Binance card. Therefore, SHIB is now used for payments in select European countries, with the possibility of eight percent BNB cashback or other cost reductions. Finally, two weeks ago, SHIB hinted that it plans to launch the new game called “Shiba Eternity”. This game will be available for both Android and iOS devices. It is being developed by Australian-based game developer Playside Studios.
Shiba whales cost $191 million
On the other hand, the WhaleStats data showed surprising data. Within 24 hours, the top 100 whales on the Ethereum chain added $187,257,510 to their holdings, according to the data. Received $4.3 million worth of SHIB. Now, the chart on the WhaleStats website shows that the 100 largest whales hold a total of $191.2 million in SHIB. This accounts for 5.96 percent of crypto investment portfolios.
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