- Shiba Inu hints at leveling up towards another bull run to endeavor previous highs.
- The analyst expects SHIB price to lead another leg-up reclaiming its lost glory.
The global crypto industry has been vivid to digital currencies, while some have risen in a logarithmic trend. Other coins have been gearing up towards lost gains. Meme coins have run an impressive run, out of the blue. Several lesser-known meme coins have gained prominence in the industry. Traders have been fond of SHIB, which has given fortunes out of penny-like investments.
Consecutively, the Doge-killer has been cooling of late. The digital currency is growing in terms of protocol utility, and adoption by institutions. The multi-bagger crypto asset has outthrown predictions by critics. The coin seems to be warming up for its next leg-up, from current statistics. An analyst, on the other hand, is expecting SHIB to surge to levels of $0.000062 in the short term.
Will SHIB Munch Zeros Yet Again?
The meme coin at press time is trading at $0.00005649 with gains of 8.4%. While the market cap is around $30,692,084,831. The trading volume for around the clock is at about $5,633,422,790. The coin falls short of its ATH of $0.00008616 by 36.3%, it has been a fortnight’s time since the ATH. The meme coin has slipped down to the 11th position by market cap rank.
The next target for the digital would be at $0.000057 to $0.000058 levels. On the flip side, the prices could lower to levels of $0.000050. An analyst mentions that the 9h 200EMA is acting as a support for SHIB. He expects the digital coin to retrace its price to $0.00006200 levels. And hints at the probability of continual cooling down, owing to the insane previous upswings.
Collectively, the meme coin is in no sluggish momentum towards the retrieval of losses. In fact, is greater than bigger coins in the industry. The growing utility, adoption, and blueprint, could help the Doge-killer orbit around the moon.
Premiere League Clubs Under Investigation Over Dubious Crypto Partnerships
The English Premiere League is investigating questionable crypto deals.
The English Premier League will take a closer look at the increasing number of cryptocurrency deals signed by its clubs, The Times reports.
The top tier of the country’s football pyramid doesn’t regulate such partnerships.
The news comes after Manchester City had to put a cryptocurrency deal on hold after it came to light that none of the executives mentioned in the press release had any sort of online presence. This gave ground to speculation about whether or not the company actually exists.
According to the Times, the EPL itself is mulling over forming a tie-up with a non-fungible token platform for issuing digital collectibles.
Strapped for cash, clubs view cryptocurrencies and NFTs as a viable source of revenue, but they are also concerned about their negative impact on fans.
Shiba Inu Whales Gobble Up Billions Worth of SHIB Following Announcement of New Gaming Partnership
Crypto whales are loading up on more Shiba Inu (SHIB) following news of the altcoin project’s potential expansion into the metaverse.
Whale-tracking platform WhaleStats reports that of the top 100 Ethereum wallets holding SHIB, the average balance increased by a whopping 42.7% to 2.523 billion in the past 24 hours alone.
The quick accumulation puts the average value of Shiba Inu sitting in each of these wallets at over $100 million at time of writing.
The massive accumulation comes in the wake of the Shiba Inu team announcing that the company has hired gaming industry veteran William Volk to help guide its foray into the metaverse.
Volk brings decades of video game experience to his new role, including having previously served as vice president of technology for industry leader Activision.
In a blog post by SHIB developer Shytoshi Kusama, he explains that while the overall project remains decentralized, Shiba Inu Games will utilize skilled contractors to create a product compatible with the Apple and Android operating systems.
“The only way to create a 7-figure game that is worthy of 1 million FriendShibs is to find a perfectly fitting AAA studio and build it with them. However, landing a great AAA game studio that has worked with the likes of Disney and Warner Bros. isn’t enough. To manage making a game, from concept to completion, requires dedication, experience, connections and wisdom that only a few people can provide.
I’m happy to announce that the consultant who will lead the charge for the Shiba Inu Games version of the Shiboshi game is none other than William David Volk. Will has seen the vision in full (and knows the AAA studio) so I’m actually excited to share his quote on working with on this unique project:
‘I am honored to be working with an amazing team on what will become one of the most significant games of all time.’”
At time of writing, SHIB is up 4.78% on the day to $0.00004. It is one of the best-performing cryptos of the year, currently up over 73,000,000% since November of 2020.
What future does Shiba Inu [SHIB] hold in gaming and metaverse?
It seems Shiba Inu is planning to launch a blockchain game benefiting from the metaverse concept and working with famous developers. Shytoshi Kusama published a blog post about plans in the Shiba Inu community to develop a game. It talks about a AAA game that can push Shiba one step higher in the market.
The blog post starts with plans for growing the Shib ecosystem. Gaming is the first answer to this plan. The teams and community supporting SHIB are focusing on entering the game industry. It won’t be a regular game because Shytoshi says they’re looking for AAA studios to develop it. But finding a studio that plans to work with the so-called Shib Army isn’t easy. But it seems a studio is found, and they’re signing the NDA documents now.
The next step for developing a high-quality game is to work with people who have dedication, experience, connections, and wisdom in all steps of designing and developing the game. Shytoshi is requesting recruiters who can find a leader for the game design, development, and launch operations.
There is one person who is currently accepted as the leading of the Shiba game development. William David Volk will work with the teams in the Shiba community. William David Volk has been working in the game industry for many years and was VP of Technology in Activision. He has his own game studio and is one of the most famous mobile game developers in the industry.
Developing a blockchain game needs a focused team to work with various people and users. Shiba Inu Games is responsible for the game plans of the Shiba Inu decentralized community. This entity works with consultants and contractors. It should work as a registered brand to be able to publish the game on Android and iOS.
Shytoshi talks about the blockchain concepts are the future game:
“…the completed game will be licensed solely to the decentralized team at Shiba Inu for use on Shibarium. They’ll also be able to add various decentralized elements to enhance this mobile version. *WINK* This will provide unique opportunities within the Shiba Inu Ecosystem ($SHIB, $LEASH & $BONE), while Shiba Inu Games remains completely separate from this activity.”
The new announcement from the Shiba community may be followed by some scams that claim to be a Shiba game. Shytoshi warns users about these scams and suggests users wait for the official announcement from Shibatoken.com.