Shiba Inu Gains Momentum Amidst Bad Idea AI’s New Tangem Partnership
Shiba Inu, the second-largest meme coin, attracted significant attention in the market due to a major announcement by long-time partner Bad Idea AI. This partnership, watched closely by the Shiba Inu community, has recently expanded through a special collaboration with Tangem.
In an exciting development, Bad Idea AI unveiled plans to release 350 custom-branded hardware wallets for their community. The collaboration with Tangem, a prominent name in the crypto hardware wallet space, has sparked enthusiasm among Shiba Inu enthusiasts.
The recent partnership announcement followed hints from Bad Idea AI on October 4, suggesting that something extraordinary was in the works with Tangem. Emphasizing the importance of securing crypto assets, Bad Idea AI’s move aligns with the industry’s growing emphasis on security.
Bad Idea AI’s partnership with Shiba Inu, which began in July, has flourished over time. In August, Tangem Wallet added support for the $BAD token, fulfilling the Shiba Inu community’s request to have the cryptocurrency listed on the platform.
Exploring the Shiba Inu Ecosystem
While the Shiba Inu community has witnessed several recent developments that could influence the coin’s future performance, the cryptocurrency market remains highly volatile due to ongoing geopolitical turbulence.
Despite a significant 98.57% increase in the Shiba Inu burn rate over the past 24 hours, which reached 44.93 million SHIB tokens, the coin’s price struggled to maintain resilience amidst global financial market concerns. Shiba Inu’s price experienced a 3.21% decline to $0.000006948, accompanied by a notable 106.53% surge in trading volume to $117.007 million.
Simultaneously, the Bone ShibaSwap (BONE) faced a 3.18% drop in price to $0.7626, with its market cap decreasing by 3.24% over the last 24 hours to $175.23 million.
In the Shibarium Tech group on Telegram, Shytoshi Kusama, the lead developer of SHIB, addressed questions about BONE staking rewards and the number of network validators. Kusama explained that the SHIB team adopts a specific strategy for adding validators to ensure the network’s safety. He mentioned that “rewards have been increased and forthcoming” while highlighting the gradual accumulation of BONE for SHIB burns.
The SHIB team’s commitment to achieving significant goals behind the scenes is evident in Kusama’s statements. He emphasized that they prefer to remain discreet about their strategy, sparking anticipation for a significant development in the works.
The Shib Journal: A New Initiative
Shytoshi Kusama, the enigmatic leader of the Shiba Inu development team, has confirmed the existence of a new SHIB-themed publication called “The Shib.” This announcement followed Kusama’s extensive thread titled “A Bark of Peace on Deaf Ears” on the X platform.
Kusama’s remarks came amid heightened conflicts between Israel and Palestine, as he advocated for peace. In an exclusive interview, Kusama officially confirmed the forthcoming publication, highlighting its role in facilitating increased communication with the SHIB community. However, specific details and release timelines for “The Shib” remain a well-guarded secret, with Kusama offering only the tantalizing hint, “SOON.”
Shiba Inu enthusiasts can anticipate a new platform that will spotlight positive changes within the community and serve as a valuable communication channel.