The Shiba Inu (SHIB) is back with new announcements, with plans to expand its ecosystem. However, SHIB price is trading under huge selling pressure due to volatile market conditions. Here’s what you need to know about the SHIB price and updates for the coming days.
Shiba Inu (SHIB) ecosystem prepares for 2 major updates
The Shiba Inu stands at the target of two major updates this week. Two major updates: Shibarium layer-2 documentation and ShibaEternity video game release. It also includes the ‘Download Day’ global event for the new game. Unification xFund, the company that created the Shibarium layer-2 network, confirmed in a blog post that the public beta testnet will launch in Q3 2022. However, they also added an extra sentence that says “or shortly after that”…
Therefore, it is unclear whether the Shibarium public beta testnet will be released in September or “soon”. We will have to wait for official confirmation from the SHIB team regarding the launch of the Shibarium documentation.
Another major update to the world of Shiba Inu is the release of the video game ShibaEternity. The lead developer of ShibaSwap Shytoshi Kusama revealed in a recent Discord chat that the game’s ‘Download Day’ will be October 1, 2022. Shytoshi also confirmed that 5% of game revenue will be for burning SHIB. Therefore, ShibaEternity will help reduce the supply by burning SHIB daily.
What is the ShibaEternity ‘Download Day’?
Shytoshi plans to start a storm when the announcement and release date of the game ShibaEternity is announced. ‘Download Day’ is a campaign that asks SHIB investors to download the game immediately after it goes live. The video game will be available for download on both iPhone and Android devices via Google PlayStore and Apple AppStore.
According to SHIB, the worldwide SHIB community will make the game available for download on October 6, 2022. With this program, Shiba Inu will accelerate token burning activities. What you need to know about the game and the latest developments cryptocoin.com as discussed in this article.
Will SHIB price skyrocket?
Meanwhile, this announcement has not yet had an impact on the Shiba Inu price. However, the price has been rising for the last 24 hours, accompanied by the overall market. Thanks to this momentum, the SHIB price has gained 6% in the last 7 days.
The Shiba Inu is trading at an average of $0.00001125 at the time of writing. This week, we saw the Shiba Inu regain its status as the most popular token among Ethereum whales. Shiba dropped stETH back to take the top spot. However, this news came about when the Shiba Inu token went downhill. According to WhaleStats, the top 100 Ethereum whales currently hold about $136.9 million worth of Shiba Inu tokens.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.