The crypto ecosystem is threatened by many swings that are causing panic in the markets. Since the cryptocurrency crisis, several digital assets have been threatened with extinction. Among these, Shiba Inu. As financial experts predict its demise, crypto is on track to rise again. SHIB’s sales rewards should definitely be a catalyst.
Hope for the SHIB to recover
The price of the Shiba Inu has not been good since the cryptocurrency crisis. Last year, buying this crypto was practically the best investment for many buyers. Indeed, the value of crypto has increased by more than 500,000% in 2021. This phenomenon has led more and more people to reconsider their views on crypto investing.
However, 2022 doesn’t seem like the best year for SHIB. Over the past 5 months, the crypto has been steadily declining and today the price is scaring the market participants more and more. For some, Shiba Inu does not have much time before the value is zero.
However, Shiba Inu is not going to fail without trying something. In an effort to stabilize its course, the ecosystem has set up a reward system. Therefore, SHIB sales rewards allow the metaverse to attract investors to its platform. To do this, they just need to use the LEASH LOCKER function. These are based on country event sales. Thus, buyers who bid or locked in LEASH during the first two early access phases are eligible.
So far, however, no acquirer has received any rewards. According to the platform, this is because the country is not yet exhausted. Only 5,500 plots have already been sold, while 19,400 are for sale. However, they may be available soon.
According to the official Shiba Inu blog, holders could receive their amount due as early as July 2. According to shibainuartthe ecosystem is in the process of setting up a new contract so that holders can receive their 3% reward before the lots are sold in full.
Shiba Inu is down nearly 7%
Despite all the measures the ecosystem is taking to recover, things don’t seem to be going well. According to statistics from Whale Statistics, the crypto acquired many holders within days. The total number is currently around 1,175,890.
However, the Shiba Inu’s course has not yet found the catalyst that can allow it to exit the red. According to CoinMarketCap, the price of the Shiba Inu has fallen by 5.40% in the past 24 hours. So, despite the relentless developments in the ecosystem in recent weeks, the crypto asset continues its decline that started seven weeks ago.
Three days ago, the crypto created its seventh weekly red candle. It seems that even the SHIB sales rewards don’t do much about it. Indeed, burning the tokens should have helped the crypto regain its value. This move is not the only one since Shiba Inu has also expanded its ecosystem and has been adopted by many crypto exchanges.
SHIB is therefore adding new holders, but the crypto’s nearly 7% drop is making investors wonder. Why is the decline continuing when these measures should have contributed to growth? For financial experts, the current situation of the Shiba Inu confirms its descent into hell.
The current situation of the Shiba Inu is a growing concern for financial experts. For them, the fall of the crypto assets is imminent and could happen in a few years. However, the ecosystem doesn’t seem to settle down. Thanks to the SHIB sale prices and other developments, the platform reassures investors and maintains its activity.
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The world is changing and adaptation is the best weapon for survival in this undulating universe. As a crypto community manager at the grassroots level, I am interested in everything directly or indirectly related to the blockchain and its derivatives. To share my experience and make known a field that fascinates me, there is nothing better than writing informative and relaxed articles at the same time.