1.7 Trillion Shiba Inu Token Added By Whales Amid BSC Hack

Shiba Inu crypto Ecosystem dropped its most anticipated Shiba Eternity, a CCG game amid the volatile market conditions. However, on the official download day (October 6) the building anticipation failed to pump the Shiba Inu prices.

Timeline of Bowscoin, Shiba-inu

Shiba Inu (SHIB) just announced the global rollout of its Shiba Eternity game. Its developers have been working towards generating real-world utility as highlighted in their roadmap.

Many cryptocurrency fans have been impatiently waiting to make the leap and invest in platforms that may help them exit the bearish market since crypto has experienced a significant decline over the past few months. The good news is that several new cryptocurrencies are trying to take the crypto world by storm every day, even though there has been a lot of uncertainty.

SHIB's price continues to struggle as price ranges in a descending triangle with a major breakout imminent.  SHIB trades below key resistance as price ranges under 8 and 20-day EMA.

Shiba Inu (SHIB), the world's second largest meme crypto prices have surged around 5% over the past 7 days amid the hype of its most awaited game announcement. However, this building anticipation hasn't led to any explosive SHIB price jump.

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.

Shiba Inu's [SHIB] trading volume jumped 49.14% in the last 24 hours, and the increase could be the impact of recent large transactions. Based on information from Etherscan, one of the top 100 Ethereum [ETH] whales made two huge transactions within the aforementioned period.

The original release of the blockchain implementation of Shiba Eternity occurred in Australia on September 17. Shiba Inu followed the larger market sell-off that began on September 13 and rallied nearly 7% from September 17-18.

The popular meme currency, Shiba Inu (shib), has suddenly gained popularity. Though its competitor Dogecoin is ahead of Shiba Inu in terms of market capitalization, SHIB is much ahead in terms of development. On the other hand, Shiba Inu has also been the victim of volatility as the currency has been declining.

Shiba Inu (SHIB) had an impressive year in 2021, rising by over 1,000% to become one of the market's best performers. However, like many other coins, SHIB has been on a bear run this year. 

Shiba Inu's price trend has been bearish and has been consistent with the rest of the cryptocurrency market. Notably, SHIB is still trying to regain the heights it attained in 2018 when the joke coin's value and popularity skyrocketed.