- 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.
Also read: Bitcoin vs. Ethereum, race for NFT dominance with Bored Ape-parent Yuga Labs TwelveFold auction
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.
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
Bitcoin, Ethereum prices struggle after mixed US NFP data
BTC and ETH prices experienced a temporary pullback as crypto market participants reacted to the news of the US NFP data release for May. Similar to the situation in April, the number of Nonfarm Payrolls added far exceeded the market’s expectations.
Solana: A break above $26.30 would spell doom for bears
SOL price has been trading with a bullish bias after an explosive breakout on December 30. However, because of volatility and the gloom in the broader crypto market, SOL has been unable to break above a key hurdle at $26.30, causing the price to trade sideways.
Bitcoin Weekly Forecast: BTC targets $30,000 as short-term bias turns bullish
Bitcoin (BTC) price shows a clear sign of the bulls’ victory. After failing to trigger a steep correction, bears look now out of context, at least in the short term, allowing buyers to restart a minor uptrend.
China crypto community picks Ethereum, Arbitrum and BNB Chain as top protocols
Ethereum, Arbitrum and BNB Chain protocols are top picks for the Chinese crypto community, data from a report shows, a possible bullish catalyst for tokens related to these protocols as Hong Kong opens the door of crypto to retail investors.
Bitcoin: BTC targets $30,000 as short-term bias turns bullish
Bitcoin (BTC) price shows a clear sign of the bulls’ victory. After failing to trigger a steep correction, bears look now out of context, at least in the short term, allowing buyers to restart a minor uptrend.