The Shiba Inu team got investors excited with the new update after announcing their new plan to reduce the supply of SHIB.
Will this news be enough for the SHIB rally?
The developers will make another update after the Shiba Inu announced their plans to reduce the total amount in circulation. More updates came from the developers on Thursday about a new game release, Shiba Eternity. As you follow on Kriptokoin.com, the Blockchain-based card game was made available to Australian users on September 17 as part of the testing phase. The SHIB community is currently waiting for new information on the game’s expansion strategies.
Latest updates for the new game Shiba Eternity
In anticipation, the developers plan to provide more information on Shiba Eternity and the token burning mechanism on Thursday. An event is scheduled for later on Thursday to make additional announcements about this. The Shiba Eternity project will be the subject of a community update event on Twitter. Details of the announcement were made public on the SHIB official Twitter account. Game expert William Volk and Shiba lead developer Shytoshi Kusama will be presenting the update. According to the announcement:
A Shiba Eternity Community Update Twitter Event is scheduled for September 22. Shiba Eternity will receive critical updates from William Volk and Shytoshi Kusama. Shib Army’s most talked about game!
Meanwhile, the Shiba Inu price has been on the decline since last month. In fact, SHIB is now very close to where it was three months ago. According to CoinMarketCap, SHIB price rose slightly on the day to reach $0.00001077. It should not be ignored that it has lost more than 8% in value since last week.
The community is excited about upcoming updates
Shibarium, the second-tier Blockchan network, is another project in the hands of SHIB developers. Users and developers can create applications for the Blockchain ecosystem with the help of the Shibarum tool. For the Shiba Inu and the community, the tool will serve as a premium tier-2. Fast, low-cost transactions are possible for the game, according to the Shibarium project.
Meanwhile, the former US politician drew attention to Shiba’s token burning events. Shiba Inu has one of the most enthusiastic communities on the market for token burning. Even investors of other high-supply projects like Cardano have requested similar events from their founders. For now, Shiba Inu continues its token burning activities without slowing down. According to data provided by Shibburn.com, the community has sent over 410 trillion SHIB dead wallets to date. According to the data, more than half of the total supply has been permanently out of circulation so far.
As a result of these efforts, SHIB manages to stay among the top 10 cryptocurrencies despite the bear market.