There have been two important developments for the popular cryptocurrency Shiba Inu (SHIB). Also, there have been predictions about where the price will go in the current market crash. Here are the details…
Staking option available on OKX for Shiba Inu
Seychelles-based global cryptocurrency exchange OKX has launched the OKX Staking program with up to 12% annualized return (APY) for Shiba Inu (SHIB) and Ripple (XRP). Seychelles-based cryptocurrency exchange OKX has added Shiba Inu (SHIB) and Ripple (XRP) to OKX Earn while promoting its Gold Rush Bonus promotion. The promotion allows SHIB holders to earn high staking rewards with up to 12% APY.
https://twitter.com/okx/status/1570710844052475904
So thanks to the newly launched OKX Earn Gold Rush Bonus promotion, owners of SHIB, DOGE, XRP, LTC and FIL; They will be able to enjoy high rewards by staking their favorite cryptocurrency with up to 12% APY.
Shiba Eternity to attend SHIB burning
Following the release of the Shiba Inu game Shiba Eternity in Australia, the lead developer of the SHIB project, Shytoshi Kusama, said that the play-to-win game will soon be rolled out around the world. When the game is released worldwide, SHIBArmy members will get a feel for the game. It is not yet clear whether the game will be released as a beta version. However, Kusama hinted that the game will be made public globally. Meanwhile, Kusama continued to share interesting details about the game and what players can expect when Shiba Eternity launches globally.
#SHIBARMY… there will be burns from the game period. Upcoming details will explain why #ShibaEternity is powerful, challenging, great for Shib, Shiboshi holders, and Shibarium once the blockchain version is released. The real question is where will you be on #downloadday ? pic.twitter.com/duUBent2oH
— Shytoshi Kusama™ (@ShytoshiKusama) September 17, 2022
As we have reported as Kriptokoin.com, the game first entered the market in Vietnam. Shiba Eternity has been widely adopted since the start of public testing, with over 3,000 downloads recorded in Vietnam alone. The team expects Shiba Eternity to be widely adopted when it launches globally. The game server is already taking important steps to increase its capacity by more than 50 times.
Important predictions for Shiba Inu price
Aside from the above developments, the price of SHIB is grappling with the overall crypto market bearish. The Shiba Inu briefly added an extra zero to its price tag on September 18 as it touched key support near $0.000009. Currently, the Shiba Inu is trading at $0.0000102, down 10 percent. The Shiba Inu has seen a weak recovery after dropping to $0.00000994 the previous day as the bulls lost ground amid the recent price drops in the market. The meme coin is swinging around support at $0.0000010, where it is currently trading. According to analyst Tomiwabold Olajide, if SHIB breaks the $0.000009 support, the next stop could be near the $0.000007 mark.
A drop near the $0.00007 level could result in a double bottom formation that could lead to an upside in the short term. For SHIB to rekindle an uptrend, buyers may need to push the price higher from $0.0000126 and then $0.0000155. Otherwise, the price may return to the current consolidation range. The RSI is approaching the oversold 30 levels, which could signal a relief bounce in the short term. However, given the current macroeconomic uncertainty, the market forecast remains bleak. Therefore, technical indicators can be put to the test.
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