At the beginning of August 2023, the cryptocurrency Shiba Inu (SHIB) is experiencing price declines after a recent rally, prompting discussions about its future and development strategy.
Price Dynamics of Shiba Inu
According to TradingView data, SHIB fell by 2.09% at the start of August following a 9% surge in July. Over the past week, the price decreased by 13.23%, but in the last 24 hours, there has been a slight recovery to $0.000012. The decline began after reaching a high of $0.00001598 on July 21 and further reduced to $0.0000116 by August 2.
Developer Priorities for Shiba Inu
Shiba Inu developer Kaal Dhairya highlighted the community's main priorities, calling for unity. In a tweet, he emphasized the importance of coming together in the face of external pressures that have contributed to Shiba Inu's exit from the top 10 cryptocurrencies.
The Significance of Unity for the Community
Kaal underscores that the primary challenge facing Shiba Inu today is a lack of unity due to internal divisions and constant conflict, which undermine collective growth. He urged the community to support the Shibarium project driven by democratic principles, ensuring that every community member has a voice and that decision-making is transparent.
The decline in Shiba Inu's prices illustrates the current challenges the project faces, but the developers' efforts to build a united and democratic community may be key to restoring its positions.
