Will This New Update Help Shiba Inu Price To Skyrocket?

Shiba Inu, the world’s second largest meme cryptocurrency marked the completion of 2 years in the world of cryptocurrencies. To make this day special SHIB team came up with an announcement to expand its ecosystem.

Shiba Inu to get its own CCG

In a post, Shiba Inu mentioned that the ShibaARMY has managed to grow into one of the biggest crypto communities. In order to grow further, SHIB revealed its new Collectible card game (CCG). The team named it “Shiba Eternity”.

Shina Inu added that they are working with Playside Studios to fix its testing schedule. It also added that its release date will be announced soon. However, the SHIB game will be available for both Apple and Android phones.

Back in December 2021, Shiba Inu and Playside games joined hands to develop content for the meme crypto. As per the agreement, Playside games will only be developing the planned CCG game which will be launched in a fixed period of 8 months.

Will this Impact SHIB price?

On the market side, the Shiba Inu prices have been tumbling since the beginning of the year. It attained its all time high of $0.00008845 on October 28, 2021. At the press time, SHIB is trading at an average price of $0.000012 which is still down by over 86% from its ATH.

However, Shiba Inu prices haven’t shown any price action over this announcement. While it’s the 2nd anniversary craze seems to be fading away over the community.

Shiba Inu’s price has dropped by over 2% in the last 24 hours. SHIB is trading at an average price of $0.000012, at the press time. Its 24 hour trading volume has also dropped by 42% to stand at $377.8 million.

Ethereum whales’ Shiba Inu holding has also shrunken over time. The biggest of ETH whale wallets now holds around $550 million worth of SHIB tokens. Meanwhile, SHIB token is still the second largest meme cryptocurrency with a market cap of over $6.9 billion

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me 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.