Proceeds from Shiba Inu Eternity will be subject to incineration

Shiba Inu records 3.6 billion SHIB burned in August

SHIB’s incineration process is expanding. Shytoshi Kusama informed the community about the next move he plans to make for his ecosystem. 

Shiba Eternity’s slow expansion

Although the Shiba Inu Eternity card game has not yet been officially unveiled, its substitute is slowly appearing in yet another country. Initially, a demo version was made available to the people of Vietnam. We wrote about it in an article titled “Shiba Inu Eternity Gameplay Revealed”. Take a look if you haven’t read it yet. Today, similar facilities can be enjoyed by residents of Australia.

Recently, things have been getting hotter and hotter around the game. Mainly due to Shytoshi Kusama and his activity on the Shiba Inu Discord.. In doing so, he revealed the appearance and meaning of the newly designed cards. On the other hand, via Twitter, he singled out a leader among the game’s fans. He also accomplished this through the card:

He also shed much light on the cooperation between the game and its combustion mechanism. Here, he points out, the Shiba Inu team is taking on some very important responsibilities.

Combustion will be more efficient

There has been extensive discussion in the public space about SHIB combustion and the impact of the procedure on the price of the asset. Many are highly dissatisfied that despite the commitment to the process, the price of Shiba Inu is not registering any significant movement. Some have even been tempted to call on developers to significantly step up their efforts. Kusama decided to respond to this call by saying:

“In order to burn more Shiba Inu, we need to implement a plan like the one you see. It’s fun to work on it, but burning billions of dollars is not an easy task. Trust me.”

To cool down the prevailing excitement, the SHIB team declared that 5% of all profits earned from Shiba Eternity will also be gradually exited from the market. This process is expected to accelerate the dynamic reduction of the supply of moenta, which thanks to this, in the future, could significantly gain in value.

Shiba Inu and its immediate future

Work on the Shiba Inu Eternity game is still underway, and as Shytoshi Kusama announces, another 500 cards are expected to be revealed soon.

Meanwhile, the coin itself shows no particular signs of entering a phase of long-term growth. At the time of this writing, SHIB is trading around $0.00001. However, a bullish RSI divergence is emerging, as well as MACD gaining bullish momentum. These may positively influence short-term price action. However, in the longer term, the main influencing factor will probably still be the Bitcoin price movement. 

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

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