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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 2

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.

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Shiba Inu Burn Rate Sees a Decline as Only 1.13B SHIB Burned in the Last 7 Days 4

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 6

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.

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.

Shiba Inu Enters the Top 10 Whale List as It Ramps up Its Burn Game

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Shiba Inu is now in the top 10 assets among the 100 largest ETH whales in terms of trading volume over the past 24 hours, according to WhaleStats. Among the top 5,000 ETH whales in a day, the meme coin also scores among the most popular smart contracts.

The top 100 ETH whales still possess $552,365,002 worth of SHIB, or 19.44 percent of their portfolio, making Shiba Inu their largest holding. According to data from WhaleStats, the number of Shiba Inu owners is likewise rising and is at 1,207,857 at the moment.

Shiba Inu increased by as much as 18% to hit highs of $0.00001243. After cutting some gains, SHIB was trading up 6 percent at $0.00001191 at the time of publishing.

Shiba Inu gets added to Schedulesite

According to Shibainuart, a Twitter account dedicated to the Shiba Inu community, SHIB has joined Schedulesite, a website that organizes events for users to attend: “The inclusion of SHIB events to our platform excites us! We appreciate your warm welcome to your home. Your community is impressive “In a recent tweet.

In other news, the burn rate of SHIB has increased dramatically during the last 24 hours, according to the Shibburn website. A staggering 571,482,054 SHIB tokens were burnt in one transaction, according to a tweet from the Shib Burn Twitter account a few hours ago. Other transactions containing a sizable sum of SHIB to be burnt came after this.

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Shiba Inu Enters the Top 10 Whale List as It Ramps up Its Burn Game 8

At the time of writing, the burn rate has increased by 602.77% in the last 24 hours.

Lead Shiba Inu Developer Says SHIB Burns Require A “True Community Effort”

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Shiba Inu’s lead developer Shytoshi Kusama stated that the burning of the SHIB tokens requires a true community effort. Replying to a user’s tweet who called for “massive burns to pep up the army”, Kusama added that they are working on the project which might take time, and hoped it would work out perfectly.

Data from the Shibburn website shows that 410,373,764,750,087 SHIB tokens have already been transferred to dead wallets from the initial supply of 1 quadrillion.

In the past 24 hours, the burn rate has reached 647.12% as per the data tracker.

Burns are calculated using three special addresses, two dead wallets which have no obtainable keys, and tokens sent to the Genesis address [Black Hole] which reduces the supply. The above chart uses the initial supply of 1 quadrillion.

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Lead Shiba Inu Developer Says SHIB Burns Require A "True Community Effort" 10

The latest tweets from the project developer indicate that efforts are being made to intensify the burning mechanism.

For the last one week, more than 1 billion SHIB has gone up in flames. The popular meme token has a total supply of 589,626,233,367,020, with a circulating supply of 557 trillion SHIB tokens and a market cap of $6.2 billion.

Shiba Inu Is Down By 87% Since Its ATH

At the time of writing this post, SHIB was exchanging hands at $0.000011. Since reaching all-time highs of $0.000088 in October last year, the 15th-ranked asset has shed nearly 87.19% of its value. Other cryptocurrencies have dropped drastically as well.

Despite the lackluster price performance, the canine-themed token has managed to gain acceptance on several well-known cryptocurrency exchanges, including Binance, Coinbase, Gemini, and, most recently, Bitfinex.

Similarly, another token of Shiba Inu’s ecosystem worth mentioning is 1CENT Token, a community-led burning project that destroyed 300 Bone ShibaSwap [BONE] in the past 7 days.

Regarding the Bone Shibaswap token, BONE, Team Shiba Inu recently adjusted the token’s current flow and minting rate to 1 BPB [BONE Per Block]. 

This adjustment was intended to prevent the over-minting of the Shiba Inu ecosystem token, thereby maintaining the integrity of the DOGGY DAO voting outcome and the reward system, while safekeeping the agreed minting ratios voted in by the community at 230 million BONE, the team claimed.

Shiba Inu Now On RadioShack’s Radar

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Shiba Inu [SHIB] might soon land itself in one of the US’s iconic online electronic retailers. RadioShack recently posted a query on its Twitter handle tagging Shiba Army asking if it should accept the meme coin.

Users were quick to respond with affirmatives.

“At this point, is that even a question? Hell yeah!!”, “Always a good idea to keep up with the trends, correct? Do it! List shib!”, “The SHIBARMY welcomes anyone that wants to join our ranks. That would be a huge YES!”, etc are some of the replies.

RadioShack, formerly RadioShack Corporation, is a retail firm founded in 1921 by two brothers named Theodore and Milton Deutschmann as a supplier of the then-emerging area of amateur radio.

Over time, it grew to become a giant electronics retailer in collaboration with Tandy Corporation and now operates stores in the United States, Mexico, United Kingdom, Australia, and Canada.

Besides those territories, the retailer licensed other firms to use the RadioShack brand name in parts of Asia, North Africa, Latin America, and the Caribbean.

After its bankruptcy and subsequent acquisition, RadioShack decided to jump on the crypto bandwagon launching its own crypto exchange Radio Shack Swap. It also rolled out its native token called RADIO.

That said, the latest development would undoubtedly act as a major booster in Shiba Inu’s adoption.

Recently the popular token was accepted by another homegrown cryptocurrency exchange Bittrex as reported by TronWeekly. Late in June, the Switchere Exchange also announced the listing of the SHIB, LEASH, and BONE trio.

Shiba Inu’s Price Has Retraced

The meme coin has been dominating the top position as the largest token position by dollar value among the largest ETH whales.

Even though the Ethereum whales are still holding on to their Shiba Inu reserves, it still could not impact the price of the cryptocurrency.

At the time of writing this post, SHIB’s value dropped by 2.2 percent to trade at $0.000010, giving the 14th-ranked asset a market valuation of $5.81 billion.

As a result, there have been massive losses among the holders of the token.

Data from IntoTheBlock showed that the vast majority of SHIB investors have been drowning in losses currently, with only 24% of these investors in the profit territory.

Shiba Inu Bags Another Boarding; Gets Listed on Bittrex

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As another significant exchange joins the list, Shiba Inu (SHIB) is now formally listed on Bittrex, the leading cryptocurrency exchange in the United States. In September 2018, competitor Dogecoin was published on Bittrex.

Shiba Inu is presently tradable on a number of renowned cryptocurrency exchanges, notably Binance, Coinbase, Gemini, and others, as a consequence of numerous listings since last year.

SHIB was finally listed on the well-known cryptocurrency exchange Bitstamp in June, while stock trading platform Robinhood did so in April.

Late this month, the Switchere Exchange also revealed the listing of the SHIB, LEASH, and BONE Shiba Inu trio. As was previously reported, the German-based financial services company Vivid Money also endorsed SHIB around that period.

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Shiba Inu Bags Another Boarding; Gets Listed on Bittrex 12

Shiba Inu keeps burning away

Over 43,143,474 SHIB tokens have been burnt in the last day, according to the Shib burn Twitter handle, which reports 14 transactions.

Shiba Inu whales, or huge holders, are on the move, according to IntoTheBlock statistics, as large transactions have increased by 30% over the past day.

The average transaction is frequently in excess of $100,000, and notable spikes in transaction volume are periodically associated with increased activity by whales that are transacting heavily on SHIB.

SHIB has achieved a brand-new milestone that breaks records. There are now 1,202,755 Shiba Inu holders registered, according to WhaleStats. Among the top 100 ETH whales, SHIB now holds the position with the most number of tokens held.

SHIB’s price once again achieved the support level of $0.000010 after it had been broken on July 13. SHIB was trading up 5.8 percent at $$0.00001087 at the time of publishing.

Shiba Inu and Robinhood-a great relationSHIB

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Shiba Inus, Bitcoin, and other readily available digital assets can now be moved in and out of the well-known trading software Robinhood by users.

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Early in April, the second-largest meme cryptocurrency, SHIB, was officially added to Robinhood after receiving more than 500,000 votes in a Change.org petition.

Shiba Inu has been added to the list of cryptocurrencies, including Solana (SOL), Polygon (MATIC), and Compound (COMP), making a total of 11 cryptocurrencies accessible.

The cryptocurrency that Robinhood users had sought the most was the canine token. 559,661 people have signed a petition on Change.org calling for the quirky coin to be listed.

Shiba Inu should be listed on the platform, but Robinhood CEO Vladimir Tenev and other prominent executives have evaded the topic again and time again, stoking rumors among the public. Christine Brown, the business’s chief operations officer for its crypto division, made it plain in November 2021 that the company valued quality over numbers, perhaps as a dig at crypto-native rivals with laxer listing regulations.

In the beginning of 2018, Robinhood added support for cryptocurrency trading, starting with Bitcoin and Ethereum. Later in the same year, it also included Litecoin, Ethereum Classic, Bitcoin Cash, and Dogecoin in the mix. Even though the cryptocurrency industry has advanced significantly since 2018, the corporation had held off until now on launching new coins.

Shiba Inu’s lead developer reveals TREAT

On Wednesday, the principal developer of the widely used meme cryptocurrency SHIB hinted at plans to expand the Shiba Inu ecosystem with a decentralized stablecoin, the TREAT reward token, and a collectible card game for its metaverse.

Shytoshi Kusama, a pseudonymous developer, said in a Medium blog post that “independent developers” are creating a decentralized stablecoin called SHI that “seems to sidestep the pitfalls identified in prior moonshots” — most likely alluding to the multibillion-dollar Terra/luna disaster. The blog post stated that the team hopes to release SHI later in 2022 and expects to provide more details as it approaches its final form.

At the time of writing, Shiba Inu was priced at $0.00001111 with a daily rise of 5.55% according to CoinMarketCap data.

Shiba Inu community sees hope through Shytoshi’s Tweet

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Despite being relatively new to the cryptocurrency market, Shiba Inu [SHIB] has experienced tremendous growth in popularity. The broad adoption it attracted was advantageous for the entire crypto market, not just SHIB alone. The primary developer now shifted attention to the network’s development side as its pricing tried to recover. Shytoshi Kusama teased the crowd for two long days before finally publishing his eagerly anticipated Medium post.

The Shiba Inu community has been anticipating a number of changes that are planned for the network. However, many have been suffering as a result of the ongoing weak market. Shytoshi Kusama nevertheless intends to follow out Ryoshi’s strategy “forcefully.”

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The primary developer talks about the much awaited Shibarium in the Medium post. This Shiba Inu layer-2 solution has been under development for a while. Shytoshi provided updates even though this is scheduled to appear in Q3 of 2022.

“Shibarium is a key component in this uncanny war we find ourselves in as it will allow us to move assets on-chain with minor BONE (gas) fees empowering micro transactions.”

The Shiba Inu creator added that everything was proceeding as planned. The Public Beta date, however, hadn’t yet been announced by the creators.

Shiba Inu network to follow TerraUSD pattern?

The algorithmic stablecoin UST of Terra was destroyed in front of the entire globe. While some people have chosen to avoid all things stablecoin, the Shiba Inu network was continuing as usual. Shytoshi confirmed that the 2022 release date for SHI is still on schedule.

Currently, a team of programmers has presented a version of SHI that addresses the problems with previous projects. SHI would also be used in conjunction with this to balance payments without regard to market movements. Shytoshi elaborated on the same, saying,

“This will be an experimental protocol, like everything decentralized that Shib does, and a more detailed and complex set of information will be released about this token as it is finalized.”

The Shiba Inu network is hiding something! A brand-new prize coin called TREAT has been “quietly” being created by the developers. Shytoshi continued by explaining the rationale for this covert action. According to reports, the network sought a fairly clear-cut use case for the token. They also didn’t want to hurriedly place another symbol in the area.