Shiba Inu's core developer, Shytoshi Kusama, has called on the community to focus on long-term ecosystem growth despite the ongoing price decline of SHIB. In a recent YouTube update, Kusama acknowledged the frustration among holders due to the token's prolonged weakness, with prices dropping 60-70% last year. He emphasized the importance of continuing to build tools and expand utility within the network, urging investors not to let short-term price dips dictate their strategy.
The SHIB token has faced significant selling pressure, with trading activity and social interest waning. Despite this, some analysts, like Crypto GVR, see potential for a rebound if SHIB can break key resistance levels. Currently trading near $0.0000058, SHIB's recovery will depend on renewed buying pressure and broader market stability. As fear dominates sentiment, the coming months will test the community's patience and the developers' commitment to their long-term vision.
Shiba Inu Developer Advocates Ecosystem Growth Amid Price Slump
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