July 20 could be a big day for the Shiba Inu. Shytoshi Kusama, a Shiba Inu cryptocurrency influencer, announced on Twitter that there will be a virtual Shiba Inu coin party on July 20. Investors are preparing to attend the party to talk about the ShibaSwap exchange and a new sculpture for the Shiba Inu coin.

Why July 20 matters for Shiba Inu coin

As we’ve noted before, cryptocurrencies such as Dogecoin and Shiba Inu often rise in value when there’s a lot of social media hype. A constant conversation about the meme coins can encourage more people to invest, which will ultimately raise the price and value of the meme coins.

The original release of the ShibaSwap exchange created a 14% spike in price for Shib coin. However, the coin eventually dropped to around the price of $0.0000388, which is 78% below the coin’s all-time high.

The Shiba Inu community has been paying attention to the ShibaSwap exchange, which is a new interface that allows token holders to invest the coin in more places.

“While some networks have been accused of using spam transactions to increase on-chain activity, this is not the case with Shiba Inu coin as the total value locked on the platform surpassed $1 billion just one day after its launch,” Coin Telegraph reports.

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