Shiba Inu launches a new game named Eternity Launches Download Event soon – Can it influence Shiba prices for better

Eternity Release

The original release of the game developed by Shiba Inu, based on blockchain technology happened in Australia on September 17. This created a market surge for Shiba Inu resulting in the larger market sell-off which began on September 13 and rallied nearly 7% from September 17-18.

During this duration, the rally did not change in altered market sentiment. But there is a high chance that new information about the game’s release, may add some hype. It can create a market demand among the user base of Shiba Inu, resulting in a positive market change.

Updates on Social Media Accounts –

As per a recent tweet by Shib Rumours, the release date of the game is expected to be October 1. But, the latest post on the official Shiba Inu Twitter account indicates the worldwide launch of the game will actually happen on October 6. Shiba has a current trading range of $0.00001073 – 0.00001154.

Shiba Inu: Rising Market Value

After the latest sell-off on September 17-18, an increase in market prices has been noted and it has been very consistent till now. Point to be specified, this occurred the following day after the Australia release. It’s likely that the market fluctuation took place because of the buy and sell approach of the market. The long-term holders noticed the price increase and found a better opportunity to sell off their holdings for better profit margins.

While this happened, meme coin faced a pullback due to a huge market sell-off. This resulted in a market downtime for Shiba Inu and plummeted 8.5% immediately.

But after the Australia release, the market cap is high by more than 2.9%.

Current market status of Shiba Inu – The meme coin

The recent price movements have created a positive market growth pattern before to today’s breakout. During this, the price increased by more than 2.9%

As per market analysts, the reason for this price movement can be due to increased anticipation for the game’s October 6 release.

As per the WhaleStats, the top 1,000 ETH whales have more than $147.5 million. WhaleStats also considered Shiba Inu as the token with the highest dollar value position.

Keeping A Close Eye On The Market

Hence, there are a few things that future Shiba Inu players and investors should keep a view on.

One of those points is the price increase is frequently followed by a severe market correction, similar to what we saw on September 18 after a huge market sell-off on  September 17.

As October 6 approaches, analysts will have a better idea of how Shiba Inu’s situation will unfold. I.e. whether it’s an increase in value or, it is going to decline further.