Arslan Butt
Following the release of weaker US CPI figures, Shiba Inu price prediction has turned bullish, trading at $0.0000090. SHIB/USD opened at $0.00000896 on December 13, and after reaching a high of $0.0000093 and a low of $0.00000863, it is now trading at $0.0000090. During the last 24 hours, the price has risen by more than 2.5%.
Shibarium Development On Track
Due to the Ethereum network’s low scalability and high gas costs, the Shiboshi NFT Project, SHIB Metaverse, DEX features, and Shiba Inu games have not reached their full potential.
Shibarium intends to cut costs by moving some transaction data to a customized Layer 2 infrastructure while maintaining a direct connection to the Ethereum network.
#Shibarium. It will unlock the full potential of shib, with lower transaction fees, faster transactions, better performance,#SHIB burn mechanism to boost the value of tokens. Plus, it will encourage the development of #dApps within the ecosystem, including the metaverse project.
— SHIB FORCE 柴犬 (@sunshineSHIB) December 13, 2022
Shibarium will lay the groundwork for the expansion of the Shiba ecosystem. Once released, all other Shiba Inu products, including the decentralized exchange, metaverse, games, and NFTs, would run from there. Shibarium, the Shiba Inu layer-2 scaling solution, is progressing as planned. Shibarium developers are teasing its release as SHIB holders await the project’s launch date. Shibarium’s release date is unknown. It is, however, expected to arrive in 2023.
Shibarium will Send $SHIB Flying to New All Time High! pic.twitter.com/pepHWSCamI
— Crypto Bezos (@BezosCrypto) December 13, 2022
Even if it is not the utility token, SHIB/USD will remain an important part of the ecosystem and may gain value after the launch.
SHIB Clothing Line
On December 12, English-Italian clothing designer John Richmond took to Twitter to seek advice from the Shiba Inu (SHIB) community about what outfits to design next. Mr. Richmond informed the SHIB Army that he needed their assistance in boosting the John Richmond brand’s reputation. The fashion designer joined the SHIB team at the start of the year and designed outfits for the upcoming SHIB: The Metaverse initiative.
#Army #Important #MarocWBZ #Metaverse #MrBowtie #November #SegoeUI #CryptoNews Shiba Inu’s (SHIB) John Richmond Asks Community Advice on SHIB Clothing Line Position added successfully to: https://t.co/D0EwefCJHH
— CryptoNewsMaker (@CryptoNewsMaker) December 13, 2022
In addition, both Shanghai Fashion Week and Milan Fashion Week featured John Richmond’s clothing line. In addition, the latter hosted a cocktail party exclusively for the SHIB Army. Last month, John Richmond collaborated with renowned supermodel Josie Conseco to provide a first look at the Fashion Week ’22 collection for Flaunt Magazine.
In terms of public exposure, this was a significant step forward for the SHIB clothing line. Furthermore, the SHIB community asked Champion, an American sportswear company, to design sweatshirts with Shiba Inu designs. Champion, on the other hand, has yet to respond.
The SHIB clothing line is not yet available for purchase online. However, combining meme currency with a clothing line has the potential to significantly increase retail crypto acceptance. As a result, the news is favorable to SHIB/USD.
Increased Shiba Inu Addresses and Burn Rate
Shiba Inu (SHIB) addresses have reached a new high, according to a Glassnode report published on December 13. The number grew to nearly 3 million addresses and continued to grow. As per historical data, SHIB addresses have increased by 35% since 2022 began.
According to Glassnode data, despite the volatile state of the crypto market, the number of addresses is constantly increasing. According to a recent report from the well-known SHIB burn tracker Shibburn, 42,842,867 SHIB were burned in the last 24 hours, compared to 18,415,087 SHIB burned yesterday.
Shiba Inu burn rates have increased by more than 140%. It has contributed to the success of SHIB. Despite the fact that the meme currency has performed exceptionally well in the last day, the price of the SHIB/USD has not yet increased.
Shiba Inu Price Prediction – Daily Technical Levels
Support Resistance
0.00000857 0.00000924
0.00000817 0.00000951
0.00000790 0.00000991
Pivot Point: 0.00000884
Shiba Inu Price Prediction
After breaching the $0.0000089 resistance level, the SHIB/USD is trading bullish near $0.0000090. If candles close below this level, Shiba Inu is likely to move towards $0.00000844 or $0.00000828.
Shiba Inu Price Chart – Source: Tradingview
While the resistance remains at $0.00000094, the next resistance for SHIB is at $0.00000997.
Top Alternative Coins with Massive Growth Potential
Let’s take a look at some alternative coins that have massive upside potential!
Dash 2 Trade (D2T)
D2T is one of the most important new cryptocurrency projects of 2022 because the team understands what cryptocurrency traders and investors require in today’s market. The capabilities and features of Dash 2 Trade can help traders make better investment decisions by speeding up the asset selection process.
Following the presale, the project will be listed on the BitMart and LBank exchanges. Despite the fact that the presale is still in its early stages, the platform is nearing the end of its final stage. D2T, the platform’s native token, will be used to pay for platform services as well as participate in community events and tournaments. Cryptocurrency sales have already raised nearly $9.6 million.
RobotEra (TARO)
Active and passive money can be earned in RobotEra by completing missions and taking part in community events like concerts, planting holy trees, mining, staking, and a variety of other activities. Lbank Labs has also provided the program with financial and advisory support to ensure its success.
On November 9, the RobotEra pre-sale began. It is one of the most popular presales for 2022, and it serves as the currency of the multiverse. You can buy tokens directly if you have USDT or ETH in your wallet.
At the moment, 0.020 USDT equals 1 TARO. The first presale will soon come to an end, with a $0.025 price increase. TARO, the platform’s native cryptocurrency, is now on presale and has raised over $540,500.
Calvaria (RIA)
Calvaria, a free-to-play game, defies conventional pay-to-earn gaming by awarding NFTs to users as soon as they sign up. As a result, game participants do not need any financial or technological resources. The network hopes to accelerate the adoption of Web3b gaming by making it easier for investors. One of the main reasons Web3 games haven’t taken off more widely is the high barrier to entry for non-crypto gamers.
Calvaria intends to address this issue by making all game features available to non-crypto players. Calvaria gives points to players who compete using trade cards or NFTs. The Calvaria ecosystem will be powered by the RIA ERC-20 token. It is the platform’s governance token. Calvaria’s early-round crowdfunding piqued the interest of investors.
The first four stages of its presale sold out quickly, and the fifth stage is nearly 79% sold out. Investors looking to purchase 30.77 RIA tokens for USDT 1 must act quickly before the presale ends. Calvaria has raised about $2.4 million since the presale began. The total project funding will be $3,075,000 when stage 5 is completed.
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This article was written for Business 2 Community by Arslan Butt.
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