Shiba Inu Price Prediction – Can This New Meme Token Overtake SHIB and DOGE?
Shiba Inu price prediction continues to be mixed, as the coin has formed a symmetrical triangle pattern, indicating investor indecision. Even though Shiba Inu (SHIB) was one of the worst hit cryptocurrencies during the recent market crash, the token has made a respectable comeback over the past week.
According to statistics from CoinMarketCap, Shiba Inu's price increased by 2.15% in the past week, making it one of the top 20 performing cryptocurrencies.
This increase in value amounted to nearly $250 million, pushing the live market cap to $6.2 billion. When looking at the token overview, the on-chain metrics that give a broad picture of the profit made with Shiba Inu show that 26% of SHIB holders are profitable at the present price, while 69% are losing money, and only 5% are breaking even.
The official Shiba Inu Twitter account has been teasing the introduction of a collectible card game that it claims is the most difficult ever created. It has been announced that the highly awaited video game project, titled "Shiba Eternity," will be released on October 6 all over the world.
Developers announced the game's release date on September 23 at a Twitter Spaces event. The 'Download Day' has been formally postponed from its original October 1 launch date.
The game was tested in Vietnam and Australia before its release date, quickly becoming popular in both countries. Furthermore, the game's primary creator, Shytoshi Kusama, stated that he has been playing it for quite some time and is excited to see it go public.
Meme currencies have long been chastised for offering users little more than an infinite supply of tokens. Shiba Inu's goal is to solve this. If Shiba Eternity is a success, the GameFi utility could significantly impact
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