Shiba Inu Strategic US Hub Plan Sends SHIB Price On A 23% Moonshot

Name	Symbol	Market	Market Cap ($)	Algorithm
Solana	SOLUSD	Crypto	106,100,570,724	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Solana

SOLUSD

Crypto

106,100,570,724

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-12.23	-5.16%	224.62	224.63	224.64

Price Change

Price Change %

Current Price

Bid Price

Offer

-12.23

-5.16%

224.62

224.63

224.64

High Price	Low Price	Open Price	Prev. Close	52 Week Range
238.50	224.00	236.72	236.85	56.89 - 264.63

High Price

Low Price

Open Price

Prev. Close

52 Week Range

238.50

224.00

236.72

236.85

56.89 - 264.63

Exchange	Last Trade	Size	Trade Price	Currency
BSTP	08:43:36	33.45	224.51	USD

Exchange

Last Trade

Size

Trade Price

Currency

BSTP

08:43:36

33.45

224.51

USD

Price x Volume	Volume	Base Symbol	Related Pairs
161,696,446.02	698,642.18	SOL	SOLEUR	SOLGBP	SOLBTC

Price x Volume

Volume

Base Symbol

Related Pairs

161,696,446.02

698,642.18

Shiba Inu Strategic US Hub Plan Sends SHIB Price On A 23% Moonshot

11/11/2024 10:30am

NEWSBTC

A meme coin developer is pushing for an ambitious plan of establishing a new American metropolis, similar to Silicon Valley, that is designed solely for the blockchain industry. Shiba Inu creator Shytoshi Kusama is urging the Donald Trump administration to consider the idea of a hub devoted to blockchain innovators and entrepreneurs. Related Reading: Unstoppable Bitcoin: BTC Price Barrels Past $81,000 For New ATH — $82k Now Within Reach Shiba Inu City: An Ambitious Plan In a post, Kusama puts forward his audacious proposal to create the blockchain version of Silicon Valley to allow the blockchain ecosystem to thrive. Kusama called the new city the Strategic Hub for Innovation in Blockchain (S.H.I.B), which he claimed is aligned with Trump’s vision of establishing new technology-centered American cities. Well, would you look at that. Guess my S.H.I.B. proposal was ahead of its time… BY LESS THAN A WEEK. ICYMI https://t.co/pjUBcjgZJ3 A thread🧵 https://t.co/p8wRKhxThh — Shytoshi Kusama™ (@ShytoshiKusama) November 9, 2024 In 2023, Trump announced that once he got elected as US president, he will build 10 cities on federal land. He said these will be called “freedom cities”. These new US cities, he pointed out, would give the country a “new American future” after the nation, according to him, has “lost its boldness.” With Trump emerging victorious in the US election, the Shiba Inu creator saw this as an excellent opportunity to push for his proposed blockchain hub. Cost Effective Kusama agrees that transforming one of the American cities and making it a hub for the blockchain industry would be expensive in the short term. The meme coin developer said that establishing the SHIB would cost the US government around $1.3 billion to $2.35 billion and would require five to 10 years to build. However, he noted that the Trump administration should not focus on the short-term expenses but on the long-term economic and geopolitical benefits it will bring to the country. He said that SHIB’s outcomes would offset the cost of building it, explaining that in one to two years, he predicts that the blockchain hub would create 5,000 jobs. The crypto developer added that the project could bring around $500 million into the local economy. It would also attract more than 100 blockchain startups to establish their business in the hub. Kusama said: “By leveraging blockchain’s transformative potential, this S.H.I.B. initiative aims to stimulate economic growth, create high-quality jobs, enhance national security, and reinforce the United States’ leadership in emerging technologies.” Related Reading: $1,400 On The Horizon? Solana Breach Of $200 Excites Analysts A Strategic Investment Kusama sees S.H.I.B. as a project that is transformative for the country, saying that it is a step to allow the US to clinch a strategic advantage in blockchain technology. He predicted that the hub would become a self-sustaining ecosystem that could bring over $5 billion to the US economy every year, adding that it would also bring $500 million in tax revenues annually. The crypto market responded favorably to the plan, pushing SHIB price to hit the $0.00002727 mark — a 23% increase in 24 hours. Kusama believes that the project is a “strategic investment” essential for the country’s future since the proposal would generate significant economic returns and would make the country the leader in blockchain technology. “With the President’s support, we can embark on this transformative journey, ensuring prosperity and security for generations to come,” he concluded. Featured image from MDogsW, chart from TradingView

	Real-time Prices	Level 2
London Stock Exchange
Chi-X Europe
BATS Europe
Aquis Exchange
New York Stock Exchange
NASDAQ
American Stock Exchange
Dow Jones Indices
Precious Metal

London Stock Exchange
Advanced charts
Premium community
Data download

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

SOLUSD Solana