Shiba Inu price: Shiba Eternity download day the biggest bullish catalyst in SHIB history?
- Shiba Eternity, Shiba Inu’s collectible card game, will be available for download worldwide on October 6, 2022.
- Shytoshi Kusama will reveal the plans for Shiba Eternity on October 1, and drop details about the games.
- Analysts believe Shiba Inu price has lost bullish momentum, it remains to be seen whether Shiba Eternity launch can reinvigorate it.
Shytoshi Kusama, the project lead for Shiba Inu, has dropped a teaser about Shiba Eternity games for the SHIB community. Proponents expect the launch of the collectible card game to be a bullish catalyst for Shiba Inu price.
Also read: Shiba Inu price: Ethereum whale swallows 272 billion SHIB, becomes investors’ favorite
Shiba Eternity download arrives worldwide on October 6
Shiba Inu holders have been eagerly awaiting the launch of Shiba Eternity, the SHIB ecosystem’s collectible card game. Over the last two months, Shiba Inu developers have rolled out updates pertaining to the game and it has been available for download in a few parts of the world.
Players in Vietnam and Australia, for example, had access to Shiba Eternity games and it is set to make its debut globally on October 6. Shiba Inu announced October 6 as its Download Day after initially scheduling it for October 1.
The official Shiba Eternity worldwide Download Day has been scheduled for October 6th, 2022.
— Shib (@Shibtoken) September 30, 2022
This will allow us to accomplish the following:
Announce the 30 Second Spot Winner on October 1st, 2022.
Release the entire lore of Shiba Eternity on October 1st, 2022.
1/3 pic.twitter.com/NPtEfhDhln
Shiba Eternity download day on October 6, 2022
Shytoshi Kusama will release crucial updates on how Shiba Eternity will play a key role in supporting the global SHIB community. The Shiba Inu announcement reads,
Shiba Eternity’s download day will make history as the day when ShibArmy reached new heights on the Apple App Store and Google Play Store.
Download Day @shibaeternity #OCT622
— Shib (@Shibtoken) September 30, 2022
Get Ready #ShibArmy pic.twitter.com/vYiYAb8uma
Analysts observe decline in Shiba Inu’s bullish momentum
Despite the bullish update from Shiba Inu developers, SHIB price itself has experienced a decline in bullish momentum. Shiba Inu price crossed the $0.00001127 level that aligns with the 61.8 Fibonacci retracement level and met strong resistance. RSI indicates the likelihood that Shiba Inu price will weaken further. Azeez Mustafa, a crypto analyst argues that Shiba Inu is likely to continue its downtrend and price could nosedive to $0.000009470.
SHIB-USD price chart
However, it remains to be seen whether Shiba Eternity acts as a catalyst for SHIB price and pushes the meme coin higher.
Author
Ekta Mourya
FXStreet
Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.
