SHIB Lead Dev Proposes Strategic Hub for Next U.S. President
- Shiba crypto price spiked 9% on United States Presidential Election Day.
- Shytoshi Kusama draws a 10-year plan for a globally-leading crypto hub.
- In the case of a grant, SHIB Hub aims to add $2B to the U.S. economy annually.
Shiba Inu’s (SHIB) mysterious leading developer, Shytoshi Kusama , has unfolded a long-term plan to leverage blockchain technology in the United States (USA). The plan requests collaboration with the upcoming President of the United States, whether it’s the Democratic or Republican candidate, as Americans flock to voting ballots this Tuesday.
Shiba Inu’s Strategic Hub Vision for the United States
Kusama plans to reach his main goals within five to ten years, highlighting the United States government’s aspirations to maintain a frontrunner status in the field. “It is imperative for the U.S. to maintain its technological edge,” asserts the blog entry for the Strategic Hub, directed at both Kamala Harris and Donald Trump.
The plan involves a three-fold infrastructure: building data centers, blockchain nodes, and networks across the 50 states. State-of-the-art research labs, incubators, and co-working spaces are mapped for educational initiatives, including renewable energy research.
Sponsored
Offering to implement Shiba inu coin’s native Shibarium Layer-2 blockchain as a “city-wide blockchain network,” Kusama promised low costs and a safe environment for testing and deploying Web3-based applications.
The ultimate crypto hub would attract start-ups, and its contribution to economic growth is estimated at $500 million in the first two years. In this short span, 5,000 job positions would arrive, while the five-year plan expands to 20,000 jobs and a $2 billion annual impact.
The SHIB Strategic Hub plan marks a “projected return of $10 for every $1 invested over a decade,” requiring ultra-high-speed broadband networks like 5G and beyond. The estimated cost to build the blockchain infrastructure potentially ranges from $700 million to $1.2 billion.
Shiba Crypto Powers Up 8% Gains on Election Day
SHIB sparked up 8.78% on the Election Day in the United States. However, Tuesday’s bull rally was mostly dominated by Shiba Inu’s rival meme coin, Dogecoin (DOGE), which soared by 12.5% to retest the $0.1765 weekly peak.
Meanwhile, Shibarium’s developer Kaal Dhairya invited Elon Musk and Donald Trump to build the leading crypto hub worldwide. “Let’s make blockchain great again!” he urged, calling SHIB the “hyper-smart cousin” of DOGE.
As of press time, SHIB is changing hands at $0.00001828, fetching a $738 million daily trading volume on Spot markets. SHIB is still 4% down in a seven-day time frame, but the meme coin asset saw renewed interest in leveraged plays as Derivatives volume soared to $331.35 million, according to CoinGlass.
On the Flipside
- Despite approaching a directive towards both candidates, the blog entry is tagged with “Harris” on SHIB.io.
Why This Matters
Blockchain tech and crypto have been hot topics in the recent United States political scene, with both candidates promising to nurture crypto adoption.
Read DailyCoin’s trending crypto stories:
Mining 1 Bitcoin Costs $80k? Sorry, This Math Isn’t Mathing
More Mt. Gox BTC on the Move, But Payday Still Far Off
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MARA's stock jumps after raising $1 billion via convertible notes to buy more bitcoin
MARA Holdings announced the successful closing of its $1 billion offering of 0% convertible senior notes due 2030.The bitcoin miner plans to allocate around $199 million of the proceeds to repurchase $212 million in principal of its existing convertible notes due 2026. The remaining funds will be used to acquire more bitcoin.
Gold loses luster as institutional demand fuels bitcoin price surge, analysts say
Bitcoin’s 46% surge over the past month, contrasted with gold’s 3% decline, highlights a shifting investor preference toward alternative store-of-value assets, analysts say.Derivatives traders are buying up bitcoin call options ahead of Trump’s inauguration, signaling strong bullish sentiment for the beginning of 2024.
SEC is 'engaging' Solana ETF applicants: report
SEC “engaging” on Solana ETF applications, sparking optimism for potential approval in 2025.VanEck, 21Shares, and Bitwise lead Solana ETF filings amid pro-crypto White House hopes.SOL token rises 4.6% to $247.91, bolstered by Solana’s strong DeFi ecosystem and demand.
Shiba Inu Developer Says SHIB Is No Longer a Memcoin