Shiba Eternity Download Day: The Big Catalysts Shiba Inu (SHIB) Needs?

Anvesh Reddy
October 3, 2022
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Shiba Inu COin News: SHIB Price Tanks 5%, Here's Why More Selloff Coming Soon Shiba Inu Coin news

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.

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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.

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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.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.