Leading market analyst, trader and podcaster, who calls himself “The Wolf of Wall Street,” Scott Melker believes he has detected “background signals everywhere” for the second-largest meme coin in terms of market capitalization value: Shiba Inu (SHIB).
His valuations in the chart he presented appear to be based on the Alpha trend indicator, which shows definitive buy or sell signals, depending on the market situation of the asset in question.
This time, Melker wrote, he detected all the possible bottom signals in this chart for Shiba Inu.
Still, when one of his 914,100 followers tweeted that the community shouldn’t “buy this guy’s SHIB bags,” Melker responded, “I’ll gladly buy yours,” showing that he’s prepared to expand his holdings of Shiba Inu as currency. . He, he believes, is about to sink.
Shibarium partners with digital merchandising platform RSTLSS
Earlier this week, it was reported that the SHIB team partnered with RSTLSS, the major UGC creator platform. This platform creates “next-generation wearable devices” for Web3, gaming, IRL (both in and out of VR and gaming), and other similar spheres.
RSTLSS gives brands, artists and various influencers the opportunity to create and sell their own digital products – wearable devices, various accessories and things that can be uploaded to avatars – and do so cross-platform. Create your own crypto-native brands and move traditional IPs to the metaverse through curated wearable NFT drops.
This company, once created by digital fashion pioneer Charli Cohen, will begin using the Shibarium Layer-2 solution created by the SHIB team to run its platform. Such a move will allow it to expand its offering and begin producing physical clothing based on designs related to the metaverse. Speaking of which, Shibarium is the basis of its own SHIB Metaverse, which is currently being developed by the team led by Shytoshi Kusama.
This pseudonymous lead developer stated that RSTLSS is a perfect partner for Shibarium. In addition to other notable RSTLSS partners, there are major game creators such as Epic, Roblox, and Ubisoft.
