Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Shiba Eternity Released On Apple Store, Coinbase Users On SHIB Buying Spree

Published 08/12/2022, 09:00 AM
Updated 08/12/2022, 09:31 AM
Shiba Eternity Released On Apple Store, Coinbase Users On SHIB Buying Spree

It’s a sunny day for SHIB Army, as the highly anticipated card game Shiba Eternity hit the stores today. Firstly, the pleasant surprise was announced by one of Shiba Inu’s social influencers, Lucie Sasinkova. The sneak peek of Shiba Eternity on iOS can be seen below. The influencer also took the time to thank Shiba Inu (SHIB) developers and PlaySide Studios for their hard work. The Shiba Inu (SHIB) card game was in development for over two years.

Shytoshi Kusama Is Working Hard

Moreover, one crypto enthusiast asked “Wen Shib to the moon?” and the mysterious leader, Shytoshi Kusama humbly replied “That’s why I am working ser”, confirming that a spike in price is one of the main goals for the team behind Shiba Inu’s ecosystem.

On top of that, it’s fair to say that the whole SHIB Army is working hard to convince Shiba Inu (SHIB) to eat another zero from its price. According to Shibburn, there’s a 111.59% increase in Shiba Inu (SHIB) burn rate in the last 24 hours, with a whopping $30 million SHIB already up in smoke.

Ultimately, the dog-themed token burning process might see new highs, as Shiba Inu (SHIB) is set to release the SB Visa (NYSE:V) card. The card would help the holder burn a certain amount of SHIB each time the card is used in retail stores. The SHIB Army also gets juicy rewards for the deed, for instance, $BONE or $LEASH, which can be used to buy land in the upcoming SHIB metaverse.

Coinbase Users Going Wild for Shiba Inu (SHIB)

As the recent up hike in the crypto world has brought about many positive changes both in the market prices and public reputation, Shiba Inu (SHIB) is often mentioned as a top target in retail buying sprees. For instance, Coinbase’s Shiba Inu (SHIB) trading activity is 92% on the buying side, meaning that only 8% of users are shorting their SHIB stock. The green market sentiment could also indicate a rapid growth of Shiba Inu’s community.

Shiba Inu (SHIB) is Still Shaking Off Crypto Winter

Despite the market’s ups and downs, it seems that Shiba Inu (SHIB) hasn’t made the breakthrough in its price yet. At press time, the popular meme coin trades at $0.00001233, according to CoinGecko. That’s a 3.9% in the green zone for the week, while on monthly terms the price grew by 23.3%. Ultimately, Shiba Inu (SHIB) is showing consistency throughout the year, with a 57.7% yearly growth rate.

On the Flipside

  • Shiba Inu (SHIB) & rival meme coin Dogecoin (DOGE) both kicked out of Crypto.com Earn program
  • Polkadot (DOT) recently overtook both meme coins in ranking by total market capitalization

Why You Should Care

Shiba Inu (SHIB) has arguably the most active community in crypto – the SHIB Army. Crypto projects with large and active communities tend to benefit the crypto world with the publicity needed for a faster retail adoption.

Find out more about $BONE & $TREAT, the new governance tokens of Shiba Inu’s ecosystem

Find out why 9 out of 10 users of Coinbase (NASDAQ:COIN) hold Shiba Inu (SHIB)

Continue reading on DailyCoin

Latest comments

What a lot of c r a p... Nothing but a game. What is it even doing here on an investing website?
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.