Shiba Inu Fanbase Awaits Eternity Download Event – Will It Boost SHIB Price?
01 Ottobre 2022 - 05:26AM
NEWSBTC
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. During this time span, the rally
did not significantly alter market sentiment. New information about
the game’s release, though, may add some hype. According to a
recent tweet by Shib Rumours, the release date of the game is set
for October 1. However, the latest post on the official Shiba Inu
Twitter account indicates that the worldwide launch of the game
will take place on October 6. SHIB has a current trading range of
$0.00001073 – 0.00001154. Could the meme coin see a resurgence
after the game’s release? Related Reading: Uniswap Could Slide
Below Support Zone – No Demand For UNI This Week? Shiba Inu:
Increasing Speed After the latest sell-off on September 18, an
uptrend has been noted and has been very consistent up to
the time of writing. Given that this occurred only a day after the
Australia release, it’s likely that long-term token holders
witnessed the price increase and sold off their holdings. During
this period, the memecoin saw a pullback and plummeted 8.5%
immediately. Currently, the recent price movements have created a
head and shoulders pattern before to today’s breakout. During this
breakout, the price increased by 2.9% Given the current state of
Shiba Eternity, this price movement can be regarded as a sign of
increased anticipation for the game’s October 6 release. ETH whales
are also contributing to the hype train. According to WhaleStats,
the top 1,000 Ethereum whales have more than $147.5 million.
WhaleStats also regarded Shiba Inu as the token with the highest
dollar value position. Related Reading: ApeCoin Performance Could
Attract The Whales – How About The Bulls? Keeping A Close Eye On
The Market Therefore, there are a few things that future Shiba Inu
players and investors/traders should be aware of. One of these is
that a price increase is frequently followed by a severe market
correction, similar to what we experienced on September 18
following the rally on September 17. As of this writing, SHIB is
trading at $$0.00001137, up 2.5 percent in the last seven days,
data from Coingecko show, Saturday. As October 6 approaches, we
will have a better sense of whether Shiba Inu will increase in
value or decline further. SHIB total market cap at $6.29 billion on
the daily chart | Source: TradingView.com Featured image from VOI,
Chart: TradingView.com
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