- Shiba Eternity, Shiba Inu’s collectible card game, will be available for download worldwide on October 6, 2022.
- Shytoshi Kusama will reveal the plans for Shiba Eternity on October 1, and drop details about the games.
- Analysts believe Shiba Inu price has lost bullish momentum, it remains to be seen whether Shiba Eternity launch can reinvigorate it.
Shytoshi Kusama, the project lead for Shiba Inu, has dropped a teaser about Shiba Eternity games for the SHIB community. Proponents expect the launch of the collectible card game to be a bullish catalyst for Shiba Inu price.
Also read: Shiba Inu price: Ethereum whale swallows 272 billion SHIB, becomes investors’ favorite
Shiba Eternity download arrives worldwide on October 6
Shiba Inu holders have been eagerly awaiting the launch of Shiba Eternity, the SHIB ecosystem’s collectible card game. Over the last two months, Shiba Inu developers have rolled out updates pertaining to the game and it has been available for download in a few parts of the world.
Players in Vietnam and Australia, for example, had access to Shiba Eternity games and it is set to make its debut globally on October 6. Shiba Inu announced October 6 as its Download Day after initially scheduling it for October 1.
The official Shiba Eternity worldwide Download Day has been scheduled for October 6th, 2022.
— Shib (@Shibtoken) September 30, 2022
This will allow us to accomplish the following:
Announce the 30 Second Spot Winner on October 1st, 2022.
Release the entire lore of Shiba Eternity on October 1st, 2022.
1/3 pic.twitter.com/NPtEfhDhln
Shiba Eternity download day on October 6, 2022
Shytoshi Kusama will release crucial updates on how Shiba Eternity will play a key role in supporting the global SHIB community. The Shiba Inu announcement reads,
Shiba Eternity’s download day will make history as the day when ShibArmy reached new heights on the Apple App Store and Google Play Store.
Download Day @shibaeternity #OCT622
— Shib (@Shibtoken) September 30, 2022
Get Ready #ShibArmy pic.twitter.com/vYiYAb8uma
Analysts observe decline in Shiba Inu’s bullish momentum
Despite the bullish update from Shiba Inu developers, SHIB price itself has experienced a decline in bullish momentum. Shiba Inu price crossed the $0.00001127 level that aligns with the 61.8 Fibonacci retracement level and met strong resistance. RSI indicates the likelihood that Shiba Inu price will weaken further. Azeez Mustafa, a crypto analyst argues that Shiba Inu is likely to continue its downtrend and price could nosedive to $0.000009470.
SHIB-USD price chart
However, it remains to be seen whether Shiba Eternity acts as a catalyst for SHIB price and pushes the meme coin higher.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Michael Saylor predicts Bitcoin to surge to $100K by year-end
MicroStrategy's executive chairman, Michael Saylor, predicts Bitcoin will hit $100,000 by the end of 2024, calling the United States (US) election outcome the most significant event for Bitcoin in the last four years.
Ripple surges to new 2024 high on XRP Robinhood listing, Gensler departure talk
Ripple price rallies almost 6% on Friday, extending the 12% increase seen on Thursday, following Robinhood’s listing of XRP on its exchange. XRP reacts positively to recent speculation about Chair Gary Gensler leaving the US Securities and Exchange Commission.
Bitcoin Weekly Forecast: New high of $100K or correction to $78K?
Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC to 100k or pullback to 78k?
Bitcoin and Ethereum showed a modest recovery on Friday following Thursday's downturn, yet momentum indicators suggest continuing the decline as signs of bull exhaustion emerge. Ripple is approaching a key resistance level, with a potential rejection likely leading to a decline ahead.
Bitcoin: New high of $100K or correction to $78K?
Bitcoin (BTC) surged up to 16% in the first half of the week, reaching a new all-time high of $93,265, followed by a slight decline in the latter half. Reports suggest the continuation of the ongoing rally as they highlight that the current trading level is still not overvalued and that project targets are above $100K in the coming weeks.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.