SHIB Will Break New Year: Here are the Forecasts and What Will Happen!

Shiba Inu’s (SHIB) project leader, Shytoshi Kusama, announced the launch of Shiba Eternity for Vietnamese gamers. The game is ready for testing and the team is asking users to review the game.

Shiba Eternity put to test in Vietnam

Shiba Inu’s long-awaited game, Shiba Eternity, is open for testing for Vietnamese players. Shiba’s project leader, Shytoshi Kusama, recently announced the launch of the game. He invited Vietnamese users on Twitter to share their reviews and feedback on Shiba Eternity.

Shiba Inu’s game is currently in testing and only available to Vietnamese users on iOS. Shiba Inu announced the game in early August 2022. The first gameplay came earlier than expected. Users shared positive reviews on YouTube, giving gamers a sneak peek into how the game works. Meanwhile, Shiba Inu’s metaevrse and NFT ecosystem launches offer a positive outlook for the SHIB price.

SHIB to release longest weekly streak of positive performances since 2021

The Shiba Inu is getting ready to end the week on a positive note. Thus, he is preparing for the longest weekly green performance streak since 2021. According to the trading view chart, the Shiba Inu has gained 4.29% since last week. A close in the green this week marks the Shiba Inu’s fourth consecutive week of earnings.

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Here are other highlights from the SHIB ecosystem to watch out for

The price trend of the Shiba Inu is largely dependent on the overall crypto market trend. However, positive news and major releases also serve as positive catalysts for prices. For example, the release of ShibaSwap in July 2021 caught the interest of the Shiba Inu community. Within a day of launch, the price of the Shiba Inu rose slightly by 14%. Thus, the total value (TVL) locked on the platform has exceeded $1 billion. The event forms the basis for the increase in the price of the Shiba Inu in the following months. Meanwhile, SHIB price has largely recovered to reach its peak price of $0.000088 after just four months.

SHIB Will Sign a First

Expectations remain high for the imminent launch of the Shiba ecosystem’s Tier 2 project Shibarium and the Shiba Inu Financial Ecosystem (SHIBFE). Since Shiba Inu is an ERC-20 token, Ethereum is likewise affected by network congestion and high gas fees. So many expect the Shibarium to be a game changer for the Shiba Inu given that transactions could potentially become much faster and cheaper.

Therefore, the Shiba Inu will eventually become game-optimized. As we have reported, the distribution of Shibarium Public Beta TestNet is expected to be completed in the third quarter of 2022. However, forecasting price movements is still purely speculative due to the macroeconomic concerns plaguing the cryptocurrency industry. However, FXStreet analysts offer a positive outlook for the SHIB price.

Analysts predict SHIB rally will hit $0.00001550

FXStreet analysts predict that the Shiba Inu price trend will reach $0.00001550. Analysts have identified subtle clues that predict the Shiba Inu may fall. The price of the meme coin has been struggling to recover since the second trading week of August. While previous forecasts for the Shiba Inu price have been heavily downgraded, analysts are expecting a rebound in the SHIB. If the Shiba Inu recoups its losses, the meme coin will climb to the bullish target of $0.00001550.

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Larry Brown

I graduated from Yale University, Department of Television. I have been a professional news writer for 3 years. I am continuing my career here by establishing site 3 months ago.