Shiba Inu’s recent price metrics have displayed a bearish trend. Investors are keen to explore narratives where SHIB can replicate its historic 2021 price rally, the one in which the token was at its prime to disseminate stellar returns.
In this wake, the SHIB ecosystem has launched a new exciting element through which the SHIB burn mechanism can increase its performance.
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SHIB To Burn Brighter Than Ever
The Shiba Inu Ecosystem has finally launched its beta version of the Shiba Eternity Game.
The web3 version of the game is set to play a vital role in determining the future price of SHIB, as it will contribute to the evergreen SHIB burn mechanism.
According to Lucie, Shiba Inu’s marketing lead, the game will help burn significant SHIB tokens. She shared how users will be compelled to make transactions within the game using the bone token.
Since the game is launched on Shibarium, using BONE tokens will directly help burn SHIB tokens, thereby adding a new use case for robust SHIB burning. This has been done with Shibarium’s core value in mind, which is to stabilize SHIB by burning some of its fees.
In addition, Lucie shared how the development will help spike Sheboshi’s NFT demand. The players of Shiba Eternity must own at least one Sheboshi to explore the Shiba Eternity Game, which may help surge the demand for these NFTS.
61% Price Surge on Cards in August
With such positive price developments taking over the realm, Shiba Inu may note a significant price hike this month.
According to CoinCodex, the token may surge by a whopping 60% to hit the new price mark of $0.00002525.
“The Shiba Inu price forecast for the next 30 days is a projection based on the positive and negative trends. Based on these Shiba Inu projections. SHIB will be changing hands at $0.00002525 on August 8, 2024, gaining 61.27% in the process.”
At the same time, Changelly shares that the token can claim a new ATH of $0.0000150 in August 2024.
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“Crypto analysts expect that at the end of summer 2024, the SHIB price will be around $0.0000251. In August 2024, the Shiba Inu cost may drop to a minimum of $0.0000150. The expected peak value might be $0.0000353 in August 2024. Potential ROI: 120.6%.”
We’re excited to see how SHIB’s price evolves in the coming days and months!