Shiba Inu (SHIB) Main Developer Teases Additional SHIB Burning Options By DailyCoin

2022-09-23 18:53:41 By : Ms. Ella Zeng

Last weekend was a wild one for the Shib Army, as the Shiba Eternity card game launched in Australia. While only available on iOS at the time of writing, an Android version is expected to be made available in the following days.

In other news, pseudonymous developer Shytoshi Kusama stepped in to suggest new ways of burning Shiba Inu (SHIB). According to reports, the new burn avenue will be set up in conjunction with the Shiba Eternity card game. The blockchain version of Shiba Eternity is still in development, in partnership with PlaySide Studios.

— Shytoshi Kusama (@ShytoshiKusama) September 17, 2022

The Shiba Inu burn rate reached its peak last week, hitting triple-digit gains for a couple of days. At firstglance, the burn mechanism seems to be working well, with $61,329,300 worth of $SHIB set ablaze in the past week alone. However, despite the SHIB burn rate once again being up 42% as of Monday 19th, it has hardly impacted the market price of Shiba Inu (SHIB).

At press time, the Japanese-dog themed coin trades at $0.00001076, after recording an 8.5% deficit over the last 24 hours. The savage bears have maintained pressure on Shiba Inu (SHIB), driving into losses of 16.2% for the last 14 days. Despite this, the popular, two-year old meme coin project maintains a healthy 37% gain for the year, according to CoinGecko.

Warm Clothes for the Shib Army as Fall Sets In

In related news, the Shiba Inu x John Richmond clothing line is set to launch soon. The news was confirmed by English-Italian fashion designer John Richmond, who recently posted a sneak peak into the upcoming designs. The Shib Army’s voice was heard by CHAMPION, the American activewear brand, who have been vocal that many members of the SHIB Army would enjoy a cozy Shiba Inu hoodie for the chilly fall.

— John Richmond (@JRichmondstyle) September 16, 2022

An effective and consistent burning mechanism of a cryptocurrency can oftentimes play a significant role in raising its market value.

Read the latest news on the top dog meme currencies DOGE & SHIB:

Dogecoin (DOGE) Price Crashes Despite Reclaiming TOP 10 By Market Capitalization

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