Shytoshi Kusama Hints at Progress in Shiba Inu’s Ambitions
Shiba Inu lead developer Shytoshi Kusama has shared insights into the strategic direction of the project on X (formerly Twitter). Kusama emphasized the importance of domains in the digital world and announced a partnership with D3 to apply for the .shib Top-Level Domain (TLD). This move aims to establish a seamless identity layer for Shib across the internet, simplifying user interaction with the ecosystem and revolutionizing digital identity verification and interaction on Web3 platforms.
Shiba Inu’s Vision for .shib Domains
Kusama envisions a future where .shib domains can be used for various purposes, including hosting websites, sending and receiving emails and digital assets, and serving as usernames on Web3 platforms. This integration with broader internet infrastructure could have a significant impact, tapping into infrastructure used by 5.3 billion people worldwide.
Shiba Inu Price Analysis
On the technical analysis front, the SHIB/USD pair shows a cautiously optimistic outlook. The breakout from a downtrend has been successful so far, with key support levels maintained on the weekly time frame. The maintenance of price above the 20-week EMA is a bullish indicator, potentially leading to a retest of higher Fibonacci levels. The volume profile also indicates robust buying pressure.
Hot Take: Shiba Inu Makes Strides Towards Web Integration
Shiba Inu’s partnership with D3 to apply for the .shib Top-Level Domain (TLD) demonstrates its commitment to integrating with broader internet infrastructure. This move could simplify user interaction with the ecosystem and revolutionize digital identity verification on Web3 platforms. With a cautiously optimistic price outlook, Shiba Inu continues to make strides towards its ambitions.
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