Can Shiba Inu Price Rally to $0.0001 as Final White Paper, ShibDAO Go Live?

Shiba Inu (SHIB) price has dropped below a key technical level as two major ecosystem developments unfold. In the last 24 hours, the SHIB price dropped 7%, to $0.00001333, setting a new low for May.

At the same time, Shytoshi Kusama resumed development work, and the project introduced its long-promised ShibDAO governance system.

Final White Paper Boosts Bullish Outlook For Shiba Inu Price

After some days of silence, SHIB lead Shytoshi Kusama returned to social media on May 29. In his profile update, he said that he is working on the last white paper for the Shiba Inu ecosystem.

The report will discuss artificial intelligence, updates on Shibarium, and the team’s overall plans in Web3.

Kusama also addressed questions surrounding cross-chain compatibility. He explained that developer Kaal is creating swaps that will allow Shibarium to interact with several other blockchains.

No expected date was specified, but the post showed that the main infrastructure work is ongoing. Kusama tweeted that he was working in the “AI Web3 futurist VC zone,” suggesting he plans for the long term. Many within the SHIB community greeted his return from many quiet exits this year with some hope.

In a recent report, Shiba Inu price was predicted to face pivotal resistance at $0.00002865, with a breakout possible if bulls sustain momentum. Following key developments like the Shibarium launch and rising SHIB utility via ShibaSwap, analysts noted a bullish pattern forming.

Shiba Inu lead announcement highlighted real-world adoption and ecosystem growth, fueling optimism for SHIB price rally.

ShibDAO Launch Marks Governance Shift

Meanwhile, Shiba Inu launched ShibDAO when Kusama came back. As a result of its decentralized structure, owners of SHIB, LEASH, BONE, and TREAT can make important decisions.

The platform operates through Bury 2.0, a staking mechanism that issues voting escrow (VE) tokens like veSHIB.

Users’ voting weight in staking depends on the amount and time their tokens are locked. These votes decide the outcome of changes to Shibarium and how the token is used. Notable sub-DAOs for groups such as artists or developers are also available.

Each token now holds a specific role in governance. Social initiatives are overseen by SHIB DAO, development by BONE DAO, and innovation by TREAT DAO.

LEASH DAO helps resolve governance conflicts. The project’s official account reports that this launch ends the era of centralized control in the ecosystem.

Developers also hinted that more upgrades are in progress. Although more details weren’t shared, the change in governance is viewed as a key moment for SHIB holders.

Shiba Inu Price Drops Below Support Zone as Traders Adjust

Shiba Inu price fell to $0.00001333 after losing support between $0.0000139 and $0.0000144. This zone had held for much of May.

Now, below both the 50 EMA at $0.00001426 and 200 EMA at $0.00001456, SHIB trades at a technical disadvantage. The Relative Strength Index (RSI) is near 46, showing neutral market momentum.

Analyst Tryrex shared details of his live SHIB trade. Initially, he bought the meme coin at $0.00001412 and then bought more at $0.0000136. His stop-loss is at $0.0000125.

Tryrex feels Shiba Inu price is currently worth less than DOGE and PEPE, but it could soon rise to the same level.

According to him, consolidation among altcoins is happening, and if key supports come back, there could be a rebound.

In contrast, the SHIB community account Shib Spain posted a more aggressive prediction: “$SHIB is going +$0.0001.” Many people shared the statement online, showing how optimistic some members of the community are.

SHIB Burn Rate Declines Sharply as Market Cap Slides

More so, burning tokens on the blockchain has significantly declined. According to Shibburn, just 200,000 Shiba Inu coins were burned during the last 24 hours, a reduction of over 98%. But the current burn for the last seven days is 143.5 million, a rise of 18.98% from the previous week.

Altcoins have also decreased in price as the crypto market slows down. The long-term outlook for Shiba Inu price is driven by broader trends, but in the short term, the meme coin relies on recovering key technical levels.

Analysts believe Shiba Inu price trend could change if it moves above both the 50 and 200 exponential moving averages.

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