Shiba Inu Price Prediction – Here’s Why SHIB Can Pump This Week
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Shiba Inu (SHIB) has been moving downward in line with the broader market in recent weeks. However, recent developments in the Shiba ecosystem could lead to a price pump.
Currently, Shiba Inu trades at $0.0000117. The digital asset’s price has decreased by 2.46% in the past 24 hours, a 0.5% increase in the past week.
The crypto asset is trading in line with the broader market, which has declined by 0.75% in the past 24 hours.
SHIB price dynamics indicate some weakened technicals. The crypto is trading below all its moving average (MA) indicators, especially the 10-day MA of $0.000012. SHIB’s negative moving average convergence divergence (MACD) also indicates a sell signal.
SHIB’s relative strength index (RSI) of 50.11 shows that the coin remains underbought.
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A significant source of bullish momentum will be Shiba Eternity, the mobile game developed by Shiba Inu and PlaySide Studios. According to reports, the game was on the list of top 20 apps on the Apple App Store on its first release day.
Shiba Eternity is a free card strategy game. It is also a part of the SHIB burning strategy; transactions within the game are subject to token burns that help to reduce SHIB’s circulating supply.
With a reported 10,000 downloads on its first day, Shiba Eternity demonstrates impressive momentum. Continued adoption should spur the game even more, and reflect well on the price of SHIB as well.
While SHIB looks to see some impressive gains, value-seeking investors can also consider IMPT, the widely-proclaimed greenest cryptocurrency, which allows individuals to join the war
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