What to expect from Shiba Inu after Shytoshi raises prize pool for monthly Shiba Eternity tournament?
- Shiba Inu lead developer Shytoshi Kusama raised the prize pool for the monthly Shiba Eternity tournament on March 5.
- The team behind Dogpad Finance, the official launchpad ecosystem for Shibarium, volunteered to sponsor the tournament and Kusama accepted the offer.
- SHIB price yielded nearly 10% losses for holders since February 26.
Shiba Inu’s lead developer Shytoshi Kusama recently announced an increase in the prize pool for the monthly Shiba Eternity tournament. Kusama increased the frequency of the tournaments to twice a month, fueling a bullish sentiment among SHIB ecosystem participants.
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Shiba Inu holders gear up for Shiba Eternity tournament
Shiba Inu ecosystem holds a monthly tournament for Shiba Eternity; Kusama recently announced an increase in the rewards to $500 for first place and $250 for second and third place.
Let's increase that to:
— Shytoshi™ (@ShytoshiKusama) March 3, 2023
$500 1st, $250 2nd & $250 3rd. I'll get a sponsor. And if you all want and can, we will move it to Bi-weekly with that amount. ($2k monthly.) To start. Thanks @shibaeternity and organizers!
Kusama found a sponsor for the prize pool, Dogpad Finance, the official launchpad ecosystem for Shibarium, sponsored the rewards. The tournament’s frequency will be increased to twice a month, offering players an opportunity to reap the benefits of the rewards.
Shiba Inu price has nosedived nearly 10% since February 26. The SHIB community is awaiting the launch of the layer-2 scaling solution Shibarium. The launch of the scaling solution is expected to catalyze a recovery in the Dogecoin-killer meme coin.
Kusama recently called public attention to a MetaMask feature aimed at improving the gaming experience for players. This move fueled the speculation that the lead developer might consider integrating Shiba Eternity with MetaMask.
The Dogecoin-killer meme coin is in a downtrend starting on February 26. SHIB price nosedived from $0.00001219 to $0.00001113 in response to the Silvergate FUD.
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.
