Look up anything

Look up anything

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

back to top

Shiba Inu Layer-2 Resolution Set to Assist Play-to-Earn Meme Gaming

Related Article

Bitcoin miner Hut 8 elevated its hashrate by 79% within the first quarter of...
As of Might 7, 2025, three fiat currencies—the Swiss franc (CHF), Japanese yen (JPY),...
Bitcoin price began a gradual improve and cleared the $92,000 resistance. BTC is now...
21Shares filed a Type S-1 with the U.S. Securities and Change Fee (SEC) on...
NOIDA (CoinChapter.com) — Bonk (BONK) price has surged sharply in late April 2025, using...
Sui (SUI) is heading right into a essential week. 74 million tokens, valued at...
Shiba Inu Resolution Set to Assist Meme Gaming

LUCKNOW (CoinChapter.com) — Shiba Inu (SHIB) is getting ready to launch its Layer-2 scaling resolution, Shibarium. This new platform goals to energy meme gaming and Play-to-Earn (P2E) experiences inside the Shiba Inu ecosystem. Lucie, a advertising and marketing govt at Shiba Inu, lately shared insights about Shibarium’s potential on social media. Based on her, platform’s low transaction prices and excessive scalability will energy the following era of blockchain video games.

Shiba Inu's Layer 2 Solution Set to Support Play-to-Earn Meme Gaming
Supply: X

Meme Gaming and P2E Could Flourish on Shibarium

Constructed on prime of the Ethereum blockchain, Shibarium elevates Shiba Inu from a mere meme coin to a complete ecosystem. This ecosystem shall be able to supporting advanced gaming purposes. Meme gaming is predicted to flourish on Shibarium. The platform will allow builders to create video games that not solely entertain but in addition construct robust communities the place gamers actively contribute to the expansion and worth of their favourite video games.

The Play-to-Earn mannequin is one other key focus for Shibarium. P2E permits gamers to earn real-world worth via in-game actions.

Shibarium’s integration with the broader Shib ecosystem, together with tokens like $BONE, $SHIB, $LEASH, and the yet-to-be-launched $TREAT and $SHI, will present builders with a wealthy toolkit for creating gameplay and financial fashions. For sport builders, Shibarium affords ShibaHub, a set of instruments designed to facilitate the creation and integration of latest video games inside the ecosystem. 

You Could Additionally Like: Shiba Inu (SHIB) Rival Bonk Crypto Turns into Official Companion of Baseball United

Bearish Sentiment Dominates SHIB

Regardless of this optimistic information, SHIB’s price has continued to say no. It’s at present buying and selling at $0.00001324, down 5% from every week in the past.

Shiba Inu, Shiba Inu Layer-2 Solution Set to Support Play-to-Earn Meme Gaming
SHIB/USD Day by day Value Chart. Supply: TradingView

The Exponential Shifting Averages (EMAs) are stacked in a bearish alignment, with shorter-term averages under longer-term ones. This configuration usually signifies a robust downtrend available in the market.

SHIB’s price is at present buying and selling under all 4 EMAs, which is one other bearish sign. The cryptocurrency has struggled to interrupt above these shifting averages since June, suggesting robust overhead resistance.

The Relative Energy Index (RSI) on the backside of the chart is hovering round 35, indicating that SHIB is approaching oversold territory however isn’t fairly there but. This means that whereas the asset is beneath important promoting stress, there’s nonetheless potential for additional draw back earlier than a doable rebound.

current price motion, SHIB seems to be consolidating in a decent vary close to its current lows. This might point out that the market is looking for a backside, however with out a clear bullish catalyst, it could proceed to face promoting stress.

Given these technical indicators, the short-term outlook for SHIB seems bearish. The price might proceed to check decrease ranges except it will probably break above the 20-day EMA, which might be the primary signal of a possible pattern reversal.

For a extra bullish outlook, SHIB would wish to decisively break above all 4 EMAs and preserve that place. This might doubtless require important optimistic information or a broader cryptocurrency market rally.

You May Additionally Like: Shiba Inu (SHIB) Whale Transaction Apart, Bearish Dangers For The Token Persist

Related Article

Bitcoin miner Hut 8 elevated its hashrate by 79% within the first quarter of...
As of Might 7, 2025, three fiat currencies—the Swiss franc (CHF), Japanese yen (JPY),...
Bitcoin price began a gradual improve and cleared the $92,000 resistance. BTC is now...
21Shares filed a Type S-1 with the U.S. Securities and Change Fee (SEC) on...
NOIDA (CoinChapter.com) — Bonk (BONK) price has surged sharply in late April 2025, using...
Sui (SUI) is heading right into a essential week. 74 million tokens, valued at...