Cryptocurrency

Shiba Inu Aims Immortality and Price Rally with ‘Shiba Eternity’ Game

Satavisa Pati

Experts doubt that the new upgrade of the Shiba Inu Game will not be enough for the meme coin's price growth.

Shiba Inu is running towards 'eternity' with the latest new upgrade called Collectible Card Game. The memecoin recently tweeted the name of its much-anticipated Shib CCG. The team behind this popular canine-themed cryptocurrency told the Community that the Shib CCG game is officially named "Shiba Eternity." Sharing the details, the team confirmed that they are collaborating with a world-renowned video game developer, PlaySide Studios, on a testing schedule and an exciting game release on both the Apple App Store and Google Play Store.

The exciting announcement comes as Shiba Inu Project officially turns two years old. Shiba Inu Community has grown into one of the largest and most dedicated crypto communities in the past two years. Now, Shiba Inu boasts over 3.4 million followers on Twitter and a total of 1,199,121 (1.19M) holders, as per Etherscan.io data.

Instead of a large recovery, SHIB's movements over this time have not been remarkable in any way. At the time of the announcement, the meme coin was trading at $0.00001152 and is currently sitting at $0.00001189 at the time of this writing. This sort of lazy trend had been the reason behind the cryptocurrency losing its spot on the crypto top 10 and has now been pushed down to 15th place following the decline in its market valuation.

Ethereum whales' Shiba Inu holding has also shrunken over time. The biggest of ETH whale wallets now holds around $550 million worth of SHIB tokens. Meanwhile, the SHIB token is still the second largest meme cryptocurrency with a market cap of over $6.9 billion.

Shiba Inu started the year 2022 at an index price of $0.000033. In the first 180 days of the year, the price of the meme token declined by 69%. By 30 June, one SHIB token exchanged hands at $0.00001. In H1 (first half of a calendar year) 2022, as the price plummeted, trading activity for SHIB also declined. After a trading volume high of 4.79 billion on 7 February, trading activity for the token dropped significantly. SHIB closed H1 with an 85% decline in trading volume since the high of 7 February. Also, in the 6-month period, SHIB's market capitalization dropped from $18 billion to $5 billion.

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