Here’s Why The Shiba Inu ShibaCon Conference Was Postponed (Details)

TL;DR

Shiba Inu’s ShibaCon, originally scheduled for November 9, has been postponed. Ticket holders will receive refunds and complimentary VIP tickets to the rescheduled event. Despite this, SHIB’s price has risen substantially of late, with a market capitalization reaching $11 billion. About 53% of all investors are currently profitable. Change of Plans

Shiba Inu was about to hold a world conference in Bangkok, Thailand on November 9. The meeting, called ShibaCon, aimed to bring together developers, supporters and enthusiasts from around the world to discuss the project’s technological progress and possible ecosystem developments.

Recently, however, the team behind the meme coin postponed the event “to ensure an even more exciting experience” for users.

“We can’t wait to bring Web3 pioneers, developers, and the ShibArmy to the next reimagined ShibaCon,” the announcement reads.

The team assured that all ticket holders will receive an email and full refund. They will also receive free VIP tickets when the new venue and dates are revealed.

The announcement left users with mixed feelings, with some suggesting that interest in the conference wasn’t that high, hence the postponement. Others, however, considered themselves lucky to receive the best tickets at the future free meeting.

SHIB Price Rally

The postponed conference call (communicated earlier this week) did not negatively affect the valuation of the meme coin. In fact, SHIB has been on the run for the past month, with its price increasing by more than 40%. It is currently trading around $0.00001867 (according to CoinGecko data) with a market cap of approximately $11 billion.

SHIB Price, Source: CoinGecko

Those willing to explore some of the reasons that have potentially driven the Shiba Inu manifestation can check out our detailed article here.

The resurgence has benefited numerous holders of the meme currency. According to IntoTheBlock, 53% of its total investors are currently in some profit on paper. 43% are underwater, while only 3% are in balance. The situation looked much worse in September last year, when almost 90% of all SHIB holders were in the red.

Most investors (almost 80%) jumped on the bandwagon more than a year ago. 19% did so in the last 12 months, while only 2% joined the ecosystem in the last 30 days.

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