The Big Catalysts Shiba Inu (SHIB) Needs?

With the Shiba Eternity download day now scheduled for October 6, Shiba Inu (SHIB) is starting to show signs of optimism. Supporters of the memecoin have pinned hopes on the prospects of Shiba Eternity’s success. The game download day was originally scheduled for October 1 but the developers pushed the date for a bit. While the community awaits the strategy card game from Shiba Inu team, there is huge traction for the token. The SHIB price movement in the last few days reflects a trading behavior that is ideal for a breakout situation.

SHIB Community Looking For A Catalyst?

SHIB has been showing a clear pattern of sideways movement for more than two weeks now. This situation of rising accumulation zone is generally favored for a price breakout position. Interestingly, the Shiba Eternity download day is set for later this week. According to SHIB Knight, who claims to be a Shiba maxi on Twitter, the download day could be a catalyst to this situation. He wondered if the download day could be one of the catalysts for a massive SHIB breakout.

“SHIB is rising in the accumulation zone. Need some big catalysts for a huge breakout. Can Shiba Eternity Download Day be one of them?”

Recent data showed that SHIB continues to be the favorite token to accumulate for top Ethereum holders. This makes it even more credible for SHIB holders to continue backing the second largest memecoin by value. Barring a couple of big fluctuations, the memecoin has largely had a quiet second half of September. With a consistent sideways price pattern, the token continued to maintain the $0.000011 range.

As of writing, SHIB price stands at $0.0000111, up 1.20% in the last 24 hours, according to price tracking platform CoinMarketCap. It remains to be seen whether the download day anticipation would elevate the token price going forward.

The Collectable Card Game

Shiba Eternity is a collectable card game based on the SHIB characters and stories. The game allows users to play the online and mobile games free of charge. However, users can use money to purchase Shiba Eternity virtual features, and other services within the context of the games.

Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @AnveshReddyBTC and reach him out at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.