Shiba Inu (SHIB) Rally Soon?: Crucial Update On Eternity Awaited

After the Shiba Inu (SHIB) announced plans to reduce the total circulating supply, the developers will give yet another update. On Thursday, SHIB developers are scheduled to give further update on Shiba Eternity, the game recently launched by the team.

Timeline of Shiba-inu

The crypto market has changed drastically in the last six months. Since projects have suffered heavily during the market crash, investors are forced to revamp their investment strategy.

Shiba Inu recently implemented a rigorous token burn campaign, leaving the SHIB army ecstatic, but will the price manage to recover? The post Shiba Inu Price Readies for Rally After 410 Trillion SHIB Burned to Date appeared first on BeInCrypto.

Shiba Inu is one of the tokens attempting a comeback after a rough weekend in which its price fell below the $0.00000010 threshold. The digital asset, a part of the best meme coins, relies on strong fundamentals to propel it to new heights, although macroeconomic factors may slow its ascent. 

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Shiba Inu investors have seen the meme coin gain nearly 150% measured from the bottom in mid-May to the top in mid-August.

Shiba INU price has been closely trading along the crucial support zones ever since the markets retraced in the recent past. While the expectations of a notable upswing hovered the SHIB price rally, the bearish pressure may soon shed huge gains.

Shiba Inu (SHIB/USD) is a project that has an ever-expanding ecosystem; where according to the latest cryptocurrency news, one of the latest additions is a mobile game known as “Shiba Eternity.

Along with Bitcoin, the world's first cryptocurrency, Ethereum and other altcoins are currently on a downward trend. Among these altcoins, even meme currencies like Dogecoin and Shiba Inu are facing the heat. However, with the latest announcement, Shiba Inu holders are quite relieved.

Shiba Inu holders are finally getting some relief after their token became the latest victim of the crypto slide. One of Shiba Inu's leading developers, Shytoshi Kusama announced the arrival of important updates to the Shiba ecosystem.

The first testing of Shiba Eternity took place in Vietnam where in the recent past Axie Infinity, a blockchain-based play-to-earn game, exploded as a viable source of income among users.

Shiba Inu has released its first concept art to break into the Metaverse realm. With several whales now showing interest, there is a possibility that the altcoin's future could be positive.