Shiba Inu has announced its sponsorship of the Blockchain Futurist Conference, Canada’s largest blockchain event, set for August 13-14, 2024, in Toronto. This news coincides with a 9.72% rise in SHIB’s price to $0.00002545.

The conference, which includes ETHToronto and ETHWomen, follows Shiba Inu’s participation in the TOKEN2049 conference in April. Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, is expected to speak virtually at the event, offering a significant draw for the Shib Army and crypto enthusiasts.

Complimentary Access And Activities

The Blockchain Futurist Conference will showcase speakers, exhibitor booths, and networking opportunities, providing insights into industry trends. It will begin virtually on July 1 and transition to live activities at the Rebel Entertainment Complex on August 13-14.

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ETHToronto 2024 will cater to both experienced developers and newcomers, offering workshops, mentorship sessions, and hackathon challenges. Participants can engage in online workshops and network with experts from July 1. The main event will include workshops, mentorship sessions, networking opportunities, and the inaugural ETHWomen event, aimed at empowering women in the blockchain space.

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Earlier this year, Shiba Inu sponsored the TOKEN2049 conference in Dubai on April 18-19 as a gold sponsor. This involvement allowed the Shiba Inu team to engage with other participants and showcase the potential of decentralization.

Shiba Inu Price Surge

The 2023 Blockchain Futurist Conference unveiled the finalized Shib World paper, details about the TREAT token, and launched Shibarium. Toronto, dubbed the “Silicon Valley of the North,” is a tech hub closely tied to Ethereum, as its creator, Vitalik Buterin, is from the city.

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Following the sponsorship announcement, Shiba Inu’s price surged. It trades at $0.00002545, up 9.72% in the last 24 hours and 10.53% over the past week. SHIB/USD on Shibaswap sees a slight increase, trading above the 9-day Exponential Moving Average (EMA).

However, technical indicators like the Stochastic Relative Strength Index (Stoch RSI) show an overbought condition, suggesting a potential pullback or consolidation. High trading volumes during price increases point to strong buying interest, although significant sell-offs are also present.