The Shiba Inu team recently announced the postponement of their highly anticipated global conference, ShibaCon, originally scheduled for November 9 in Bangkok, Thailand. The gathering aimed to unite developers, supporters, and enthusiasts to discuss the project's technological advancements and potential ecosystem developments.
In an official statement, the Shiba Inu team expressed their desire to "secure an even more exciting experience" for attendees. The announcement read, “We can’t wait to bring Web3 pioneers, developers, and the ShibArmy to the next reimagined ShibaCon.”
The team assured that all ticket holders would receive an email notification, full refunds, and complimentary VIP tickets for the rescheduled event.
The decision to postpone the conference elicited mixed reactions from the community. Some users speculated that the interest in the conference might not have met expectations, prompting the delay. Others felt fortunate to receive VIP tickets for the future event, viewing it as a positive outcome.
Interestingly, the postponement of ShibaCon has not adversely affected the price of Shiba Inu (SHIB). In fact, the meme coin has seen a remarkable rally over the past month, with its price surging by over 40%. As of the latest data from CoinGecko, SHIB is trading at approximately $0.00001867, boasting a market capitalization of around $11 billion.
For those interested in understanding the factors behind Shiba Inu's price resurgence, a detailed analysis can be found in our comprehensive article on the topic.
The recent rally has proved beneficial for many SHIB holders. According to data from IntoTheBlock, around 53% of investors are currently experiencing paper profits. In contrast, 43% are in the red, while only 3% are break-even. This is a significant improvement compared to September of last year when nearly 90% of SHIB holders were at a loss.
Most SHIB investors—approximately 80%—acquired their holdings over a year ago. Meanwhile, 19% entered the ecosystem within the past year, and a mere 2% joined in the last 30 days.
While the postponement of ShibaCon has stirred varying opinions among the Shiba Inu community, the project continues to gain momentum in the cryptocurrency market. With a strong price rally and a significant portion of investors enjoying profits, Shiba Inu remains a noteworthy player in the meme coin sector. The upcoming rescheduling of ShibaCon promises to be an exciting event for all involved, potentially further fueling the community’s enthusiasm and engagement.
October 2024, Cryptoniteuae