Shiba Inu to Launch Official SHIB Burning Portal, 99,000 Plots of Shiba Metaverse Land & More
Following the AMA session held today, Shiba Inu has disclosed a number of significant updates that will be unveiled in the near future.
The Shiba Inu team said it will be launching a burn portal for SHIB that will ultimately reduce the cryptocurrency’s total supply. According to the team, the burn portal will be featured in the upcoming ShibaSwap 2.0.
While Shiba Inu urged the SHIBArmy not to expect 90% burn for the 1 quadrillion SHIB total supply, the team said the upcoming initiative will further improve the utility of the dog-themed cryptocurrency.
“We want to make the burn rate grow with the utilization rate of the platform. So if you think about it, this is kind of a new utility. It’s about getting the supply slowly reduced as you use the platform,” the Shiba Inu team noted.
Shiberse Upcoming Land Sale
As part of its upcoming initiatives for Shibarmy, the team further disclosed that it will be launching 99,000 plots of landed properties in Shiberse, Shiba Inu metaverse, which is tipped to feature several real estate properties.
Per the announcement, a total of 35,000 pieces of land will first be made available in phase one for $Leash holders, while the other plots of land will be released in subsequent phases for everyone.
Notably, the land sale will utilize a bidding system, with prices ranging between 0.2 ETH and 1 ETH. The closer the property is to the dog park, the more expensive the land will be sold, Archangel commented.
Nonetheless, the pricing of the lands have not been revealed and will be out only during the 10-day land event. Shiba Inu’s Metaverse will include transaction options of the whole ecosystem- SHIB, BONE & LEASH.
The maximum a ‘wallet’ can purchase is 100 plots with a 10 by 10 land. To purchase lands in the Metaverse, Shiberse, you need to pay in Ethereum. Leash allows access only to early bidding but investors need to pay in ETH to purchase lands. Also, Shiboshis will get 2000 lands that will be exclusively reserved for the Shiba Inu NFT Holders.
Shiba Inu Game
Volk, during his speech, reiterated that the upcoming Shiba Inu game will not be like the regular card game people are used to.
”I want to make it clear this is not just a clone of an existing game. Collectible card games are really kind of unique. Something that is very interesting about it is that it has a very sustainable economy. It includes both the mobile and blockchain game,” Volk added.
Not planning to give the community details of all upcoming initiatives, Queenie disclosed that Shytoshi Kusama, Shiba Inu pseudonymous founder, told her that an important announcement that will be remembered forever will be made in the coming days.
Shiba Inu Continuous Development
Shiba Inu has been delving deeply into the decentralized ecosystem, as the team behind the project continues to create more utility for the cryptocurrency.
Despite being initially created to overthrow the first dog-themed cryptocurrency Dogecoin (DOGE), Shiba Inu has shown the world in the last couple of months that it is no longer a memecoin, and has constantly rejected the title.
The project is also developing Shibarium, a layer 2 blockchain that will host all of its numerous projects, including SHIB, Shiboshi, ShibaSwap, and Shiberse.
Shiba Inu (SHIB) Price Prediction 2022
We shall consider the Shiba Inu (SHIB) price prediction 2022 with the ADX indicator and the structure levels at supports and resistances.
Shiba Inu (SHIB) Price Prediction – ADX
Let us now look at Shib’s Average Directional Index (ADX). In particular, the ADX assists traders in finding the strength of a trend rather than its direction. It can also be utilized to determine whether the market is changing or if a new trend is beginning.
The value of ADX for SHIB is 33.52 which indicates that the recent trend is strong since it lies between 20 and 40.
Shiba Inu (SHIB) Price Prediction – Resistance and Support Levels
The chart below shows that Shiba Inu (SHIB) price has reduced in the past few days. Moreover, the SHIB price is down by 24.13% in the last 24 hours. If this trend continues, SHIB might continue bearish, thereby breaking its $0.0.00001822 price at support1 level and pushing lower.
Conversely, if the investors go bullish in the crypto, SHIB will experience and uptrend which could make it to break most of the present resistance levels since other investors would pump money into the market to avoid missing out. This could make it break its present all-time high of $0,00008845.
Meanwhile, a neutral market could create more panic in the market since short term investors could ignite a continuous sell order which would make the price to plummet to the lowest support level at $0.00000517 as seen on the chart which represents over 70% reduction in price.
However, the price of SHIB is expected to trade between $0.00002304 and $0.00002846 soon as seen from resistance5 and resistance4 respect on the chart once there is a reversal.
The 2022 bullish price of SHIB is from $0.00005678 at resistance1 to $0.00008067 at the resistance level.