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Shiba Inu’s ShibaFest Will Reign Over Michigan

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According to a tweet by LADs Shiba Sequoia Forest, a celebration for Shiba Inu enthusiasts will take place in Muskegon Heights, Michigan. ShibaFest, a seven-day event, will take place sometime in 2023. The team, however, did not offer a specific time for the same.

The Shiba Inu community has captured the attention of the Muskegon Heights city council. Andrew Prater’s efforts are credited with piquing the council’s interest. Prater is committed to preserving both big sequoia trees and the Shib Army.

Aside from that, the city council is debating whether it should be legal to take Shiba Inu (SHIB) and other cryptocurrencies as payment. The city also intends to obtain discounts on specific goods using specific LAD NFTs.

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Shiba Inu’s ShibaFest Will Reign Over Michigan 2

Shiba Inu to set its mark in Michigan

Shiba Inu (SHIB), according to Prater, is intended to become Muskegon Heights’ official cryptocurrency. The concept of creating a Shiba City is already being realized by a number of businesses. Prater added that a Shiba Inu store would be there and that it will be huge.

A city-owned property auction is also scheduled to happen at the end of the month. Shiba Sequoia Forest will have access to whatever is left over from that auction. They want to find the areas with the greatest concentration of valuable trees, and they want to buy such areas for Shiba Sequoia Forest parks and gardens.

Additionally, the squad does a lot of charitable work. Two different hospital networks are receiving help from LADS to meet their carbon offset goals. Additionally, these programs offer meals to the homeless and those in need.

SHIB has had a busy year, announcing a number of initiatives and projects that will start later this year. SHIB was trading at $0.00001483 at the time of publication, down 6.2% over the previous day.

Shiba Inu Game Players Flocking in From Vietnam, Says Game Industry Veteran

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Shiba Inu’s new collectible card game Shiba Eternity is already well-liked in Vietnam, according to William Volk, alpha director at Shiba Inu Games. In actuality, the team had to increase the game servers’ capacity by 50 percent due to higher-than-expected demand.

The Shiba Inu team unveiled a mysterious teaser on July 31st, and it has since attracted attention and traffic on social media. Now that the project’s much-anticipated game has been given the moniker “Shiba Eternity,” the official account has officially revealed it.

“And with that said, may we add an Ancestral Blessing to the ShibArmy on this birthday and a moment of silence for those who Sold Early,” project leader Shytoshi Kusama wrote.

According to the statement, the project’s creators collaborated with Melbourne, Australia-based PlaySide Studios, a maker of video games. Additionally, the game will be accessible on both the Google Play Store and the Apple App Store.

Vietnamese users got early access to the Shiba Inu game

Vietnamese iOS users get the chance to take part in Shiba Eternity’s early testing. They recently posted footage of themselves playing the card-based war game on social media. Last week, the Shiba Inu (SHIB) token’s price soared over the roof.

According to statistics from CoinMarketCap, it has moved up to 12th position in terms of market capitalization. Volk, a seasoned game developer best known for his work with Activision, was appointed as a principal consultant by the Shiba Inu team back in November. Related Mike Novogratz’s Galaxy Digital Facing Lawsuit from BitGo

Shiba Inu Games and PlaySide collaborated on a mobile game in December 2021 that will make use of NFTs from the “Shiboshi” series.

Many members of the Shib Army were shocked to learn the news, and rumors started to spread after the team tweeted that “A present would arrive shortly.”

According to TronWeekly, the chief developer revealed the game’s specifics and said in May that it will debut in early September 2022.

Shiba Inu takes lead over Dogecoin as its Twitter followers increase

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In the first part of 2021, Dogecoin was quite popular, but in the second half of the year, Shiba Inu overtook it as the most popular meme token. The euphoria surrounding Dogecoin faded when its price remained unchanged for months, and SHIB, in contrast, performed better in the indices. Shiba Inu’s fame thus increased dramatically, attracting more new investors to the market.

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Source: Twitter

After a year has passed, Shiba Inu has surpassed Dogecoin in terms of Twitter followers. Dogecoin had a steadfast 3.1 million Twitter followers, but the Dogecoin-killer outperformed Doge in terms of ownership. SHIB now has 3,441,762 followers compared to Dogecoin’s 3,439,746. Dogecoin presently has 2,220 fewer Twitter followers than SHIB.

SHIB token joined Twitter in February 2021, whereas Dogecoin joined the social media network in December 2013.

By avoiding all Doge stood for, SHIB held true to its slogan of becoming the “Dogecoin killer.” SHIB temporarily surpassed Doge’s market cap and removed it off the top 10 cryptos list last year. However, Doge restored its position and is now the tenth-largest cryptocurrency, while SHIB is ranked twelve.

Endeavors of Shiba Inu

Numerous establishments all over the world accept Doge and SHIB as valid forms of payment. AMC Theatres revealed last month that they now accept both cryptocurrencies for online ticket purchases.

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Source: Twitter

Furthermore, the utility of Shiba Inu [SHIB] has advanced significantly during the past few months. However, in terms of price, it has remained largely stable or declining. The network’s changes, the frequent burns, and the significant whale movements did not appear to have an impact on the price. SHIB, however, had a significant increase over the weekend.

Shiba Inu was able to soar to a 90-day high on Sunday of $0.00001774. Many were startled by this because the majority of the competing cryptocurrencies in the market were sinking in the bloody sea. Santiment continued by pointing out that the rapid increase in whale transactions may have contributed to the 30 percent increase in SHIB.

At the time of press, SHIB was priced at $0.00001574 and had plunged by 2.27%.

Shiba Inu is now a part of Binance card

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Shiba Inu has gone a long way from its early days as a meme coin attempting to transform into something more practical. This effort of the Dogecoin Killer seems to be bearing fruits sooner than expected.

Recently, the network turned two, and the celebrations went on all week. Tuesday saw the name of the eagerly anticipated game revealed, and the network ended the week by getting a spot on Binance Card.

Three additional assets have been added to the Binance Card, according to the biggest cryptocurrency exchange in the world. This featured Avalanche (AVAX), Shiba Inu (SHIB), and XRP. The supported cryptocurrency assets are anticipated to launch right now. Binance took to Twitter to make the listing official.

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Source: Twitter

It should be emphasized that only users who reside in the European Economic Area [EEA] are eligible to use the card. Additionally, refugees from Ukraine who now reside in EEA nations may benefit from the most recent accession.

Shiba Inu’s participation is not shocking considering how widely used the meme coin has become. The asset has been housed on a variety of platforms during the past few months, enhancing its visibility.

Additionally, Binance Card increased the number of cryptocurrencies it supports to fourteen with the addition of SHIB, XRP, and AVAX. Along with SXP, other assets on the list include Cardano (ADA), Binance Coin (BNB), Bitcoin (BTC), Binance USD (BUSD), Polkadot (DOT), Tether (USDT), Ethereum (ETH), S.S. Lazio (LAZIO), Santos FC (SANTOS), FC Porto (PORTO), and SXP.

Shiba Inu’s commitment to growth

Shiba Inu’s dedication to expansion was demonstrated by the Shibaswap platform’s formal launch. Now, based on social indications, Shibaswap has taken the #1 spot on the list of the most popular Ethereum dapps.

According to research by crypto expert Ben GCrypto, this is the case. The DEX outperformed OpenSea and the Bored Ape Yacht Club, which placed second and third consecutively. This is an outstanding accomplishment for the DEX.

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Source: Twitter

Considering that Shibaswap had recently celebrated its one anniversary in July, the ranking demonstrates its rapid growth. More than 30 digital assets have so far been listed, bringing in a total value lock of almost $41.72 million.

Name of Shiba Inu’s Much Awaited Gaming Project Is Finally Out

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On July 31st, the Shiba Inu team released a cryptic teaser that has already generated buzz and traffic on social media. Now the official handle has finally unveiled the name of the project’s much-hyped game dubbed “Shiba Eternity.”

Project lead Shytoshi Kusama also tweeted saying, “And with that said, may we add an Ancestral Blessing to the ShibArmy on this birthday and a moment of silence for those who Sold Early.”

As per the post the developers of the project have worked alongside PlaySide Studios, a video game developer based in Melbourne, Australia.

Also, the game will be available both on Apple’s App Store and Google Play Store.

In December 2021, Shiba Inu Games partnered with PlaySide to work on a mobile game that will feature NFTs from the “Shiboshi” collection.

The news took many in the Shib Army by surprise as speculation grew after the team tweeted that “A gift will arrive shortly.”

As reported by TronWeekly, in May, the lead developer announced that the gaming project would be launched in early September 2022 and shared details of the game.

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Name of Shiba Inu's Much Awaited Gaming Project Is Finally Out 8

The developers also stated then that the team is serious about launching SHIB CCG as they want to increase the token’s utility. “The goal is to further prove that Shiba Inu is more than a just meme coin by providing more utility value for the token”.

Shiba Inu Celebrated 2 years Anniversary

On August 1, 2020, Shiba Inu turned 2 as the meme coin was launched in August 2020. Since its inception, the meme coin garnered immense popularity gaining entry on some of the top crypto exchanges across the world.

In other news, nearly $5 billion Shiba Inu tokens were set ablaze, totaling 505 transactions to a dead wallet, data from Shibburn showed.

4,762,745,494 $SHIB tokens have been burned in the month of July with 505 transactions. #shib #shibarmy

— Shibburn (@shibburn) August 1, 2022

This comes after Shibburn announced the upcoming SB Visa Card, which would allow any member of the community to burn SHIB tokens with every transaction. The card comes with a reward system based on BONE & TREAT tokens of the Shib ecosystem.

Shiba Inu Burn Rate Sees a Decline as Only 1.13B SHIB Burned in the Last 7 Days

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The amount of Shiba Inu (SHIB) tokens burned during the previous seven days was reported by Shibburn. 1.13 billion SHIBs were burned throughout the course of the previous week, according to the statistics presented.

Despite Shib Army’s best efforts, the amount represents just 0.0002 percent of the projected 550 trillion coin supply of tokens that are in circulation. Additionally, 1.13 billion SHIB only translates to $13,500.

Current Shiba Inu burns are worrisome

It would be an understatement to suggest that the figures are bleak. Given that burning is portrayed as the token’s primary deflationary mechanism, we may estimate that at this rate, the whole SHIB offering will take seven million years to burn.

There is little doubt that the SHIB owners who see “flying their tokens to the moon” lack the necessary time. Shibburn is just one of several burn gateways on Shiba Inu, but if the most well-known one is in this predicament, the broader picture is apparent.

Shiba Inu SHIB is the fifth most popular platform on
Shiba Inu Burn Rate Sees a Decline as Only 1.13B SHIB Burned in the Last 7 Days 10

Holders of SHIB will undoubtedly have to curb their desire for profit if the burning mechanism continues to run slowly. Shiba Inu now has a capitalization of around $6.5 billion.

It’s unclear how much additional money the project can raise or if it will be feasible in the future crypto market.

Numerous businesses are actively using SHIB as a form of payment, and the creators of Shiba Inu have committed to launching the Shibarium solution in the third quarter of 2022. But none of this will significantly alter the token’s price, which now has five zeros before the first digit.

Burning may provide the SHIB price with a much-needed lift and potentially narrow the market capitalization ranking gap between Shiba Inu and Dogecoin. However, it would seem best not to rely on the mechanism and to reevaluate your calculations if it is operating at such a slow rate.

Shiba Inu’s Teaser For Its Upcoming Project Creates A Lot Of Buzz

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Shiba Inu’s team dropped a teaser video showing an unidentified dark logo. Two days earlier, the official handle posted a picture of a gaming console. Then shortly after project lead Shytoshi Kusama too posted a cryptic tweet saying “GET IN POSITION” with the hashtag CCG.

From the above, things point out to Shib Collectible Card Game [CCG] which is a play-to-earn game.

Earlier in May, the lead developer revealed that the project would be launched in early September 2022 and shared a graphic from the game, which depicts a Shiboshi [ a collection of 10,000 exclusive Shiba Inu generated Non-Fungible Tokens] being hit by a baseball bat on the head, with an inscription that reads “Bonk!”

The Shiba Inu developers also stated then that the team is committed to the launch of SHIB CCG as they want to expand the token’s utility. “The goal is to further prove that Shiba Inu is more than a just meme coin by providing more utility value for the token”.

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Shiba Inu's Teaser For Its Upcoming Project Creates A Lot Of Buzz 12

Kusama shared that as part of the game development, spinning a SHIB narrative to include in the CCG story, gives it more depth and makes it more interesting than just battle cards and memes.

While nothing has been confirmed by the team as of now, the ad has generated a quiet abuzz in the community.

“Shiba Inu’s Metaverse Will Be Unreal”

Some commented it could be related to SHIB’s much-hyped metaverse project as Kusama recently revealed in a Discord chat that its metaverse will look completely unreal, without specifying any further details.

As reported by TronWeekly, the team shook hands with The Third Floor [TTF], one of the world’s leading visualization studios, known for its Marvel blockbusters such as “Wonder Woman,” “Avengers: Infinity War” “Thor: Ragnarok,” “Mad Max: Fury Road,” and so on.

According to TTF’s chief creative officer Dane Smith, The Shiba Inu community’s artistically driven mission, is “inspiring.” “The metaverse may be able to provide an infinite amount of opportunities and mixed-reality experiences,” he added.

On July 20, the Shiba Inu Twitter account released a teaser of palm trees during a storm. In response to that, gaming veteran William Volk tweeted that “something” was coming.

534 Billion Shiba Inu Scooped up by Ethereum Whales

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Shiba Inu was reporting small increases in accordance with the most recent relief rally in the cryptocurrency market, according to statistics from CoinMarketCap. SHIB was up 1.90 percent in the last 24 hours and is currently trading at $0.00001067 at the time of writing.

As investors were influenced by macroeconomic worries at the beginning of the week, the cryptocurrency market came under selling pressure. According to WhaleStats, two Ethereum whales have just scooped up around 534 billion SHIB. It took three sizable trades to do this.

Ethereum whales scooped up Shiba Inu in three transactions

According to WhaleStats, the 248th-ranked Ethereum whale, “Gimli,” purchased 187,000,000,000 SHIB for $1,991,550 all at once.

Top whale “Gimli” has already purchased 199,999,999,999 SHIB for $2,075,999, according to WhaleStats. Shiba Inu is the Ethereum whale “Gimli’s” largest holding, according to a look inside his wallet (address).

Currently, “Gimli” has 391 billion SHIB ($4,312,591) in his wallet. The top ETH whale, “BlueWhale0159,” who is now rated 373rd on WhaleStats, just acquired a massive 147,000,000,000 SHIB worth $1,556,730.

In other news Shiba Inu appears to be in negotiations with Shopping.io, an online store that enables customers to purchase and pay for items at well-known stores like Amazon, Walmart, eBay, and Etsy using cryptocurrency. 

At the time of publication, the conversation’s specifics were unclear. This was hinted at when Milkshake, a Twitter account dedicated to Shiba Inus, posted on July 26 about a meeting with Shopping.io. 

This tweet was also published by the e-commerce site as what appeared to be confirmed. In subsequent tweets, Arbel Arif, CEO of Shopping.io, responded to Milkshake’s tweet with the comment, “Big things coming to Shibtoken + shopping io,” outlining the main points of the gathering for the user.

In subsequent tweets, Arbel Arif, CEO of Shopping.io, responded to Milkshake’s tweet with the comment, “Big things coming to Shibtoken + shopping io,” outlining the main points of the gathering for the user.

 It’s interesting to note that Shopping.io supports SHIB, thus it’s unclear what the impending relationship would entail.

Shiba Inu, DOGE Arrives In Switzerland’s 116-Year-Old Travel Firm 

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Shiba Inu has gained entry into one of the oldest Swiss business travel entities, thanks to a partnership between Kuoni and digital payment services provider BitPay. This would now facilitate Kuoni customers to pay for services using cryptocurrencies.

Apart from SHIB and DOGE, other cryptocurrencies that are currently available for payment through BitPay are Bitcoin [BTC] Ethereum [ETH], Bitcoin Cash [BCH], Litecoin [LTC], and Wrapped Bitcoin [WBTC].

Speaking on the latest collaboration, the CEO of the tour operator said that by adopting crypto as a means of payment, Kuoni is positioning itself as a leading player among its competitors.

Founded in 1906 by the entrepreneur Alfred Kuoni in Zurich, Kuoni Business Travel has carved a niche in the field of business trips for men and women alike for more than a century, growing to be the biggest travel company in Switzerland.

In 2014, the travel agency was selected as one of the Sunday Times’ 100 Best Companies to Work For in the mid-sized category, while a new website for the company was launched that year.

Coming back to Shiba Inu, the world’s second most popular meme coin has been accepted by a major Dutch VIP travel firm, this year.

Shiba Inu Adoption Spikes

Netherlands-based Taylor Travel Management Group has extended support to include SHIB, as well as DOGE, Bitcoin, Ethereum, Bitcoin Cash, and several popular USD-backed stablecoins via BitPay.

The company has more than loyal 1,200 customers and has worked in over 100 cities.BitPay officially added support for Shiba Inu in December last year.

That being said, the recent crisis has failed to dampen the Swiss blockchain industry as a whole.

“It’s just one of the characteristics of the crypto markets that we have these crashes. This was no big surprise,” said Andy Flury, founder of the trading technology firm AlgoTrader, based in Zurich.

In fact, the Switzerland blockchain industry has expanded to more than 1,000 firms supporting 6,000 jobs.

As per a report, “The self-styled ‘Crypto Nation’ has yet to see job cuts on the level of the US-based Coinbase exchange, crypto lending firms Celcius, Voyager Digital, and Blockfi, or the Singapore-based digital asset lending outfit Vault.”

Shiba Inu Burn Rate Sees Significant Rise Post SHIB Card Release

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The Shiba Inu foundation’s release of a crypto card is the major driver of the current 200 percent burn rate rise, which led in the burning of 144 million SHIB tokens during the previous day.

The number of coins burnt in the market increased by 65%, according to the Shiba Inu burn website. The SHIB Burn Visa Card was originally revealed on the Shib Burn Twitter account on July 25. Each time a user makes a payment, a tiny number of tokens will be burned.

Since the supply held by smaller investors is still too great and prevents the token from regaining any of its lost market value, Shiba Inu’s continual burning efforts remain one of the best and most efficient ways to help the cryptocurrency on the market.

Due to many strong rallies that may have brought the token back into the green, Shiba Inu (SHIB) has been actively competing for market dominance. Unfortunately, there was a lot of selling pressure on the memetoken, which led to a return of extremely low values.

Now you can accept salaries in Shiba Inu

Employers of SHIB holders may now offer them the choice of getting paid in SHIB. The NOWPayments gateway provides a Mass Payments platform for companies wanting to integrate SHIB salaries and other kinds of mass Shiba payments.

Businesses may simplify the process of sending crypto salaries and other types of bulk payments by using the mass payment tool.

A step-by-step explanation of how this can be done is explained by NOWPayment in a blog post. To transfer SHIB salary, businesses essentially simply need a SHIB address. In essence, companies may pay employees’ salaries if they have a SHIB address and the required quantity of SHIB in their wallets.

SHIB is currently trading at $0.00001053, with a 24-hour loss of 6.5%. The entire crypto market has been dragged into a bloodbath.