There may be a Shiba Inu (SHIB) rally coming soon.
Recent events have sparked widespread interest in the Shiba Inu project and its native cryptocurrency. On Thursday, the company’s founder and chief programmer, Shytoshi Kusama, informed the SHIB Army that the company’s development team is working on a burn mechanism that will have implications for the entire Shiba Inu ecosystem.
SHIB holders can’t help but be giddy about the future, what with the community’s official Twitter account teasing yet another major update.
Shiba Inu ‘Eternity’ Excitement
A lot has happened since the Australian release of Shiba Eternity. All of this excitement and eagerness is only heightened by the latest statement made by the official account tweet.
Thank you to all the wonderful #SHIBARMY listeners, participants, and those who asked questions.
You rock!
See you on Download Day, October 1st/2nd!! 😍😍 #SHIB #Shiboshis #ShibaEternity #SHIBARMYSTRONG https://t.co/TcGVBZIM10
— SHIBQueenie (@SHIBQueenie) September 23, 2022
The Shiba Inu team just announced via the Twitter Space Event “Shiba Eternity Community Update” the official date for the global debut of the Shiba Inu Collectible Card Game.
According to the announcement, Shiba Eternity will launch on October 1. The Shiba Inu Community will celebrate the release as “Download Day” while simultaneously breaking the Android and iOS App Stores.
There was consequently a lot of excitement about the coin and the overall ecosystem.
There is additional good news for the ecosystem. As of this writing, the development team is still putting the last touches to Shibarium, the upcoming update that is anticipated to debut on or about September 30.
That Much-Needed Scalability
Supposedly, this upgrade will provide scalability to the Shiba Inu ecosystem and cut gas expenses for everyone, particularly on the gaming side.
Will this, however, be sufficient for the coin to rally?
Currently, the coin’s value is between $0.000000957 and $0.00001230. This indicates that the currency is trading within its June price range, which is a less favorable period for cryptocurrencies.
Chart: TradingView.com
This decline in price, which followed a progressive climb from June to August, is the result of larger market factors.
The recent 0.75 percent increase in interest rates and the news of worsening year-over-year inflation caused investors and traders to feel dread. The price decreased by a…
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