The Shiba Inu community is waiting for eternity to download, what does this mean for SHIB?

ByLance T. Lee

Sep 29, 2022

After recently experiencing a price hike, the Shiba Inu (SHIB) community is gearing up for Eternity Game Download Day. Memecoin had for a brief period experienced a steady rally before a correction in price. The short rally was seen at a time when the overall crypto market suffered losses. The Shiba Eternity game download day is scheduled for October 1st. This could spur a price hike, but it all depends on how long the memecoin holds momentum.

Shiba Eternity Download Day

Shiba Eternity is a strategy card game that takes users from perfecting deck building to epic card wars. The game developers have already launched a Shiba Eternity 30 Seconds App Preview or Trailer Contest. The winner of the contest will receive $5,000 in $SHIB rewards, organizers announced. Meanwhile, SHIB continues to be the preferred token for Ethereum holders to buy. SHIB is currently the largest token position by dollar value, according to WhaleStats Dataa.

Shiba Inu (SHIB), the second largest memecoin by market capitalization, recorded high transaction values ​​among the top 100 holders. As of September 28, the memecoin has recorded a daily trading amount of around $23.50 million. With significant anticipation around the strategic card game, Download Shiba Eternity could still increase its price. At the time of writing, SHIB price stands at $0.00001104, down 1.58% in the last 24 hours, according to price-tracking platform CoinMarketCap. The memecoin price curve has been largely flat over the past week. But compared to last month’s price range, SHIB is a bit lower comparatively.

Short rally in preparation?

Recently, the Shiba Inu team launched the blockchain-based card game in Australia. This news led to a short rally in the price of SHIB. In this context, it is very likely that the memecoin could gain value in the coming week. It remains to be seen whether downloads of the Shiba Eternity game would lead to an increase in demand for the memecoin.

Anvesh reports major developments regarding crypto adoption and trading opportunities. Associated with the industry since 2016, he is now a strong advocate for decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @AnveshReddyBTC and contact him at [email protected]

The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.

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