- Shytoshi Kusama addressed the Shiba Inu community and dropped details on how bugs in the Shiba Eternity guide are being addressed.
- Shiba Inu team is working on adjustments so that users can understand the Shiba Eternity tutorial.
- SHIB’s price plunged 3.5% as social media was flooded with criticism after the guide’s launch.
Shytoshi Kusama, the head of the Shiba Inu project addressed the SHIB community and promised a bug free Shiba Eternity guide. The meme coin’s price is struggling to recover from the recent decline and SHIB has yielded 7.3% losses over the past week.
Also read: XRPArmy wages war against Charles Hoskinson amidst SEC v. Ripple lawsuit
Shiba Eternity ranks in top 2 games on Google Play
Shiba Inu ecosystem’s collectible card game set a new record, ranking in the top two games on Google Play. After its worldwide launch on October 6, Shiba Eternity, the game has upwards of 10,000 downloads and ranks in top 2 free games on the Google Play Store.
The team behind Shiba Eternity recently released a guide for the game. Shytoshi Kusama, the leader of the Shiba Inu project addressed the bugs in the guide. Kusama informed users that there will be updates and bugs will be removed soon. In response to the criticism for the guide and the declining Shiba Inu price, the tweet assured the community of holders of quick updates and short response time in the SHIB ecosystem.
Wish I could move at the "speed of science". Sorry for the delay #SHIBARMY #SHIBAETERNITY guide is being completed and all bugs are being addressed. Had to make adjustments to make sure everyone can understand the tutorial. Thanks for your patience.
— Shytoshi Kusama™ (@ShytoshiKusama) October 11, 2022
Shiba Inu burn rages on
In the past hour, over a million Shiba Inu tokens have been burnt. The Shiba Inu burn rate has climbed 519% over the past 24 hours, indicating a spike in SHIB burn. Large volume Shiba Inu token burn is typically considered a bullish trigger for sentiment among SHIB holders.
In the past hour, there have been a total of 1,000,000 $SHIB tokens burned and 1 transaction. #shibarmy
— Shibburn (@shibburn) October 12, 2022
Shiba Inu price struggles to recover
Analysts have evaluated the Shiba Inu price trend and revealed a short-term bearish outlook. The Dogecoin-killer is struggling to recover from the decline below the $0.00001075 level. Analysts at FXStreet shared their outlook and strategy for a swing trade in Shiba Inu in the following video:
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Altcoin bull cycle 2023 picks by analyst: Ethereum, ChainLink, Arbitrum, Optimism
Crypto analyst Michaël van de Poppe picked four altcoins for the ongoing bull run, in his recent video on YouTube. The analyst believes these altcoins could outperform other assets and yield gains for traders, alongside Bitcoin price rally to $48,000.
Bitcoin core developer calls Ordinals a “vulnerability” for the BTC blockchain
Bitcoin community on the internet is embroiled in a debate on whether Ordinals are a vulnerability to the BTC blockchain. While Bitcoin core developers consider inscriptions as spam, they are being considered an evolution of the BTC blockchain by others.
Solana continues to see inflows from the Ethereum chain, SOL price sustains above $72
Solana has captivated market participants' attention and attracted capital inflows from the Ethereum chain. SOL is making headlines for airdrops in the Solana ecosystem and the token has yielded double-digit gains for holders in the past week.
MATIC price could face selling pressure from mounting inflow to exchanges
Polygon’s native token MATIC is likely to succumb to selling pressure from rising inflow of the asset to exchanges. Large wallet investors are sending MATIC to Binance and Coinbase, increasing the selling pressure on the asset.
Bitcoin Weekly Forecast: BTC uptrend capped by supply barrier at $43,860 as FOMO fails to suffice
Bitcoin (BTC) price uptrend has sustained since mid-September on the weekly timeframe but has since slowed down following the lack of tailwinds to drive the market. All along, narratives, themes and speculation were the driving factors, inspiring a wave of fear of missing out (FOMO) in the market. As it turns out, FOMO is not enough anymore.