Connect with us
Active Currencies 14791
Market Cap $2,469,545,528,576.10
Bitcoin Share 51.84%
24h Market Cap Change $-2.13

Here’s where Shiba Inu [SHIB] may land on Eternity’s D-day

2min Read

Share this article

The Shiba Inu [SHIB] team announced that its Shiba Eternity game will be available globally on 6 October. According to the update, the game’s lead developer, Shytoshi Kusama, gave the order to switch on the green light.

While there were no in-depth details at press time, Twitter handle SHIB stated that all the plans would be in the public domain on 1 October.

In line with the update, comments indicated that the SHIB army had anticipated the game launch. However, the price of SHIB, at the time of this writing, did not participate in the excitement.

Community plays, not me

SHIB proved why the game was all about the community. At press time, the memcoin was trading at $0.00001125 with a 0.8% surge in the last 24 hours.

However, on 30 September, SHIB traded at $0.000011, and did not seem ready to produce profits for the day. Interestingly, the meme token spent almost the whole of 29 September around the same spot. So the hope may remain around Shiba Eternity churning out short-term profits for SHIB investors. 

Furthermore, as per its movement on the charts, SHIB’s probability of performing excellently seemed bleak. The Relative Strength Index (RSI) examination showed that SHIB’s momentum was not in buyers’ control. 

Considering its value at 46, SHIB seemed to be more in agreement with the neutral state of its price. However, the Awesome Oscillator (AO) although below the zero line, preferred to stay in the green. The Moving Average Convergence Divergence (MACD) showed a slight bullish streak as the blue line moved above the red line. 

Source: TradingView

No permanent interests 

In addition, SHIB seems to have been affected by a dwindling whale interest. Based on the information available at WhaleStats, SHIB was not among the top 10 tokens traded by the top Ethereum [ETH] whales in the last 24 hours. 

However, that didn’t stop SHIB from holding 5.47% of the total holdings. All of these amounted to $136.95 million. In times past, more whale accumulation sometimes drove a SHIB price uptick. 

Source: WhaleStats

Moreso, SHIB’s positive and negative sentiments took partial sides according to Santiment. As of data on 30 September from the on-chain platform, the positive sentiment of SHIB was 42. On the other hand, negative sentiment was 6.98.

Source: Santiment

Share

Saman Waris works as a News Editor at AMBCrypto. She has always been fascinated by how the tides of finance and technology shape communities across demographics. Cryptocurrencies are of particular interest to Saman, with much of her writing centered around understanding how ideas like Momentum and Greater Fool theories apply to altcoins, specifically, memecoins. A graduate in history, Saman worked the sports beat before diving into crypto. Prior to joining AMBCrypto 2 years ago, Saman was a News Editor at Sportskeeda. This was preceded by her stint as Editor-in-Chief at EssentiallySports.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.