After its metaverse updates, the Shiba Inu-themed restaurant Welly’s announced the opening of new locations.
Shiba Inu, the second-largest memecoin by market capitalization, has been making ripples in the cryptocurrency community, with recent news highlighting community engagement and a prominent supporter.
After the release of its Rocket Pond trailer and metaverse updates, there have been two significant developments: Welly’s announcement of new fully connected stores and US politician Shannon Bray’s support for Shiba Inu.
Shiba Inu Developments: Expansion and Assistance
Welly, a restaurant with a Shiba Inu theme recently announced its intention to establish two new locations. The Welly team highlighted their commitment to community engagement and connectivity, ensuring that the recent locations will be fully connected with their token holders.
This announcement signifies a significant milestone in Welly’s expansion plans and demonstrates its dedication to integrating the Shib community into its operations.
The leading developer of Shiba Inu (SHIB), Shytoshi Kusama, reacted enthusiastically to Welly’s announcement. Kusama took to Twitter to express his enthusiasm for Welly’s bold strides forward by using the well-known crypto community acronym “LFG” (Let’s Freaking Go) and the eye-popping emoji.
LFG! 👀 https://t.co/DFZYHDggcS
— Shytoshi Kusama™ (@ShytoshiKusama) June 13, 2023The SHIB token holds above support levels and has an oversold RSI (Relative Strength Index), per Crypto Market Trends on Twitter. In the past, a significant rebound was observed from this support, indicating the possibility of a bullish rally.
US Politician Optimistic About SHIB
Meanwhile, a prominent US gubernatorial candidate from North Carolina, Shannon Bray, has publicly endorsed Shiba Inu. Bray took to Twitter to express his exuberance for the digital asset amid market volatility.
“I get paid tomorrow, and I’m still buying SHIB.”
The conversation between Bray and SHIB KNIGHT, an influential member of the Shib community, began when SHIB KNIGHT inquired about the meme coins that people were investing in during the current meme coin season.
Bray responded with assurance that he intended to acquire additional SHIB tokens, reiterating his faith in the asset despite the availability of alternative options.
The value of the SHIB token has increased slightly over the past hour and the past 24 hours. The current price of SHIB is approximately $0.000006862, representing an increase of 0.20% over the past hour and 0.77% over the past 24 hours.