The dog-themed cryptocurrency Shiba Inu (SHIB) has seen a notable rally this past week, reaching highs of $0.000001005 in today’s trading session. This impressive feat has brought SHIB closer to achieving an important milestone: erasing zero from its price.
The dog-themed cryptocurrency Shiba Inu (SHIB) has seen a notable rally this past week, reaching highs of $0.000001005 in today’s trading session. This impressive feat has brought SHIB closer to achieving an important milestone: erasing zero from its price.
Clearing a zero, or “killing” a zero, is an event that many SHIB enthusiasts see as a sign of success and growth, similar to reaching $1, $10, $100, etc. It’s a small step in the quest for a more substantial valuation and higher market ranking. For SHIB, which started with 10 zeros after its decimal point, erasing one of them would be a historic achievement and a testament to its popularity and resilience.
Shiba Inu started rising on February 7 after a brief price consolidation. Out of ten trading days, Shiba Inu has marked eight of them in green as bulls continue to push SHIB price higher. Shiba Inu’s breakthrough came this week after it surpassed the daily MA 50 at $0.0000094, which had restricted its price since mid-January.
The bulls took advantage of this, as well as the positive sentiment in the cryptocurrency market that saw Bitcoin (BTC) surpass $52,000 this week to boost the price of SHIB.
At the time of writing, SHIB had risen 2% in the last 24 hours to $0.000010, erasing a zero from its price.
Do Expectations Drive Shiba Inu Price?
The Shiba Inu community is abuzz with anticipation ahead of Shiba Inu’s NFT debut, SHEboshis.
SHEboshis marks the genesis of the next phase of Shiba Inu NFTs and would first be distributed to SHIboshi holders as a claimable token/NFT for free.
As reported, the Shiba Inu ecosystem anticipates a large number of updates.
The Shiba Eternity game is in the process of being updated to fix bugs that some players encountered in the iOS and Android versions. Unique play-to-win or bet-to-win opportunities for game owners, artists and players are also being finalized.
Team Shiba Inu member Lucie offers a hint of what’s to come. According to her, “Shiboshis haven’t even started yet. Play-to-Earn (P2E) gaming will soon move to Shibarium which will boost transactions along with Shib burns.”
