Strategy card game Shiba Eternity’s blockchain implementation was first made available on September 17 in Australia. Shiba Inu (SHIB) rose roughly 7% over September 17 and 18, following the broader market sell-off that started on September 13.
The rally did not appreciably change market sentiment during this time. However, fresh details on the game’s launch may heighten anticipation.
The game’s release date has been set for October 1, as tweeted by Shib Rumours. However, the game will be launched worldwide on October 6, according to the most recent tweet by the official Shiba Inu Twitter account.
The current range for price of SHIB is £0.0000096 to £0.000010.
A very persistent uptrend has been seen since the most recent sell-off of September and is still going strong as of press time. Given that this happened the day after the launch in Australia, the long-term holders of the token could have sold their holdings on the price rise.
SHIB experienced a pullback during this time and promptly fell 8.5%. Before today’s breakout, the recent price movements formed a head and shoulders pattern. This breakout saw a 2.9% price gain.
Shiba Eternity is currently in a stage where SHIB’s price fluctuation might be interpreted as growing excitement for its release on October 6. The hype train is also supported by ETH whales.
The top 1,000 Ethereum whales, according to WhaleStats, have more than £132.2 million in SHIB. It enjoyed the highest dollar value rank according to WhaleStats.
One of the things to be aware of is the common occurrence of a major market correction following a price increase, such as what happened on September 18.
As of the time of writing, SHIB is trading at £0.000010, up 2.5 percent over the past seven days.
Its price will be better predicted as October 6 draws nearer.