Despite the harsh conditions of last year, Shiba Inu (SHIB) managed to stay among the top 20 according to market value. The Shiba Inu team now plans to explode in 2023 with SHIB-themed restaurants and new DEX, NFT and metaverse projects.
Next catalysts: Shiba Inu-themed restaurants and game upgrades
Shiba Inu launched its first app in the center of the Middle East when Welly, a Shib-themed burger joint, recently signed an agreement to open a branch in Dubai. Lead developer Shytoshi Kusama explains the first steps to Shiba Inu’s real-life projects one by one. In a recent announcement, SHIB announced that the token will become a method of payment in these stores and the Shiba Inu community will have a 15% stake in Welly’s earnings.
A new patch has been released for the Shiba Eternity game
The Shiba Inu CCG game was released in October 2022. Since then, the game has kept up to date with upgrades to give users the best experience. According to Mazrael, a Twitter account focused on the SHIB community, “A new patch has been released for the Shiba Eternity game.”
https://twitter.com/Materocks/status/161775609126891520
New DEX platform Shibarium sparks anticipation among Shiba Inu investors
Shibarium, a layer-2 blockchain, plans to serve different industry areas such as the metaverse, Web3 innovation and gaming. The developers of Shiba Inu describe Shibarium as “Layer 2, an aggregated blockchain that scales and invites solutions, innovation and security into the decentralized finance realm.”
cryptocoin.com As we have also reported, Shibarium was launched very recently. SHIB price has also gained around 10% since the beginning of the year, accompanied by all these developments.
🍖 Introduction to Shibarium: Shiba Inu's Layer 2 Network — Rejoice #ShibArmy! Shibarium Beta is about to be launched, and through this article we want to introduce some basic concepts in order to provide clarity to the community.
Read more: https://t.co/mvV5iw54Ts
— Shibarium Network (@ShibariumNet) January 15, 2023
Ethereum whales save SHIB from bears
A look at the whale trends that directly impacted price growth shows Shiba is back in the top spot among these investors. SHIB has been going through a phase of increasing selling pressure lately, just like many other cryptocurrencies. However, according to a recent WhaleStats alert, it has managed to become the most traded token by the biggest ETH whales in the last 24 hours.
📰 JUST IN: $SHIB @Shibtoken flipped $NMR for MOST TRADED token among top 100 #ETH whales
Check the top 100 whales here: https://t.co/N5qqsCAH8j
(and hodl $BBW to see data for the top 5000!)#SHIB #NMR #whalestats #babywhale #BBW pic.twitter.com/WnD70M3mVj
— WhaleStats (tracking crypto whales) (@WhaleStats) January 25, 2023
Technical analysis can give us a better understanding of what’s going on at SHIB right now. Currently, the bears have managed to correct up to 15% from the current monthly high to the 24-hour low. Instead of more downside, we’ve seen some bullish relief over the past few hours.
This bullish relief coincides with whale activity observed by WhaleStats. He suggests that ETH whales are adding to the buying pressure. In other words, these whales may have blocked further bearish momentum. In summary, the meme token, backed by the Shibarium, Shiba Eternity, and Shiba Inu-themed restaurants, continues to keep individual and whale investors voracious.
