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Helium Breaks Falling Channel: Can HNT Rally Surpass $10?

Albert Brown
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0
Helium Breaks Falling Channel: Can HNT Rally Surpass $10?

Will the Helium (HNT) token’s breakout from the falling channel rally surpass key Fibonacci levels, leading to a crossover above $10?

Despite a surge in supply pressure as Bitcoin approaches the $95,000 support level, the altcoin segment continues to see strong performers. Helium is one of the top-performing cryptocurrencies, with its native token, HNT, increasing by 33.55% last week to reach a market price of $8.52.

The HNT market capitalization is on the verge of surpassing $1.5 billion. Will the recovery rally in the HNT price push it beyond the psychological $10 mark in such a volatile market? Let’s explore further.

HNT Price Run Surpass $8

On the daily chart, Helium’s price action shows three consecutive bullish candles, with the rally beginning on Saturday, November 30. The price action registered a breakout from a falling channel pattern.

Further, the breakout rally extended to a 24-hour high of $9.377. HNT price is currently trading at $8.484, reflecting an intraday gain of 5.01%.

Helium Price Chart
Helium Price Chart

With a triple white soldier pattern (three consecutive bullish candles), Helium is challenging the 78.60% Fibonacci level. A bullish close above this level within 24 hours would confirm a new breakout rally.

This resistance level had caused a failure in the bullish trend in September, triggering the falling channel pattern. Therefore, a breakout above this crucial resistance level could lead to a new 52-week high, potentially surpassing $11.16.

The MACD and signal lines are in positive alignment, with an increase in positive histograms supporting the bullish trend. Additionally, the 50-day and 100-day EMAs are showing a bullish crossover, signaling the potential for an extended rally.

Increased Helium Data Credits Burning Fuels the HNT Bull Run

In a recent X post, James Fayal, the founder of Zest, shared statistics supporting the bullish rally in HNT tokens. James posted data on Helium’s network activity, showing a significant rise in Helium data credits burned for network usage.

The statistics revealed a massive spike of over 10,000 Helium data credits burned for two consecutive days, signaling rising network usage and boosting market demand for HNT tokens. Furthermore, this has a deflationary impact on the circulating supply and increases positive sentiment due to broader adoption.

Helium Price Targets

The trend-based Fibonacci levels suggest an immediate price target near the psychological $10 mark. A bull run beyond $10 could target the 1.272 Fibonacci level at $11.96.

On the other hand, if the rally fails to close above the 78.60% Fibonacci level, the price may retest the 61.80% Fibonacci level, currently at $7.37, reflecting a downside risk of nearly 13%.

Here Are Projected Timelines for Dogecoin to Hit $10

Lele Jima
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Here Are Projected Timelines for Dogecoin to Hit $10

Despite Dogecoin’s slow performance recently, top experts still think the asset would surge by 2,233% to $10. 

Following its remarkable rally in early November, Dogecoin (DOGE) has been hovering around the $0.4 price mark over the past week. Since the rally, Dogecoin has not registered any significant upward movement, as it keeps fluctuating around 40 cents. 

Despite this, market observers have remained confident about DOGE’s potential, with some predicting an incredible rally exceeding $10. Hitting a target of $10 requires Dogecoin’s price to rise by 2,233% from its current value of $0.4285. 

Fresh Forecasts for DOGE to Hit $10 

Notably, prominent crypto analyst Dima James Potts recently forecasted that Dogecoin would exceed $10 this bull cycle. In a recent tweet, James highlighted a historical pattern observed in Dogecoin’s weekly chart. 

Referencing a red line on the accompanying chart, James noted that this indicator usually aligns with Dogecoin’s peak price in each market cycle. According to the expert, the red line for the ongoing cycle reflects a target of $24 for Dogecoin by 2025, with the price expected to increase over time. 

The expert forecasted that if the pattern repeats itself, Dogecoin’s price might exceed $10 before the end of this cycle. 

In addition, pseudonymous crypto analyst Gladiator suggested that Dogecoin’s current price movements mirror those witnessed in the previous bull cycle. 

Based on the similarities, the analyst predicted that Dogecoin would embark on a parabolic run starting next year. They noted that this rally could see DOGE trade between $5 and $10 in the first quarter of next year.  

Changelly Forecast 

Besides James and Gladiator, other prominent crypto experts still believe Dogecoin will surge to $10 in its lifetime. 

For instance, analysts at crypto trading platform Changelly echoed this sentiment in their recent analysis of Dogecoin. However, they projected that DOGE would trade close to $10 by 2040, approximately 16 years from now. 

In 2040, Changelly experts expect Dogecoin to trade at a minimum price of $9.35, an average price of $9.84, and a maximum price of $11.19. 

ChatGPT Prediction 

Furthermore, we consulted the popular AI chatbot ChatGPT services to ascertain whether Dogecoin could hit the $10 mark in its lifetime. 

Interestingly, ChatGPT thinks Dogecoin can achieve this feat, forecasting a potential timeline of 5-10 years. This puts the projected timeframe for Dogecoin to hit the $10 target at 2029 – 2034. 

The chatbot highlighted certain factors that could propel DOGE to $10, such as Dogecoin’s continuous use as a payment method and a strong bull market led by Bitcoin and Ethereum. 

Other Predictions Regarding DOGE Surge to $10 

In October, famous crypto expert Ali Martinez asserted that $10 is a realistic target for Dogecoin. Although he did not specify a timeline for Dogecoin’s surge to the $10 mark, he highlighted a chart showing DOGE’s uptick from the base of its weekly rising wedge. 

According to the analysis, if Dogecoin moves to the tip of the wedge in the chart, it will hit the $10 target. 

Major Threat to Dogecoin Rise to $10 

Meanwhile, Dogecoin’s inflation model poses a major challenge for the asset. Every new year, Dogecoin adds 5 billion tokens to its supply, suggesting that the asset would need a higher valuation to reach the $10 target if it takes longer to achieve the milestone.  

To put this into perspective, with Dogecoin’s circulating supply at 147 billion tokens, DOGE would need a market cap of $1.47 trillion to clinch the $10 target. However, if another 5 billion tokens are added to the circulating supply, bringing it to 152 billion next year, DOGE would require a market cap of $1.52 trillion.  

Nonetheless, Dogecoin can still clinch the $10 target amid growing demand from retail and institutional investors, as well as Elon Musk’s continuous endorsement of the token. This article should not be taken as financial advice; hence, caution is necessary. 

At press time, DOGE trades at $0.4285, down 6.88% over the past seven days. Conversely, the token’s value has skyrocketed by 148.85% in the past 30 days and 6.41% in the past day. 

Ethereum Price Struggles: Is a Dip to $3,392 Imminent Amid Momentum Loss?

Albert Brown
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Ethereum Price Struggles: Is a Dip to $3,392 Imminent Amid Momentum Loss?

Will a supply surge within a rising channel push Ethereum’s price below $3,600 as the crypto market experiences a momentum drop?

With a sudden shift in intraday sentiment, Ethereum is edging closer to the $3,600 support level. After a 2.41% decline in the past 24 hours, Ethereum’s market cap has fallen to $435 billion.

As Bitcoin tests the $95,000 support, will the sudden loss of momentum in the crypto market drag Ethereum below $3,600? Let’s find out.

Ethereum Warns Channel Breakdown

On the 4-hour chart, Ethereum’s price action shows a rising channel pattern. Currently, the price trend reveals a bullish failure to break through the overhead resistance trend line, leading to a negative cycle.

Ethereum price chart
Ethereum price chart

The price of ETH has dropped from the 24-hour high of $3,762 to the current market price of $3,619. It recorded a 24-hour low of $3,582. The ETH price trend is showing low price rejections from the local support trend line, indicated by the long tails in the 4-hour candles.

The MACD and signal lines have diverged negatively, increasing the likelihood of a bearish outcome. Furthermore, the bearish histograms on the MACD indicator are on the rise, maintaining a sell signal for Ethereum.

Ethereum ETFs Boost Bullish Sentiment

The Ethereum ETF market had a positive run last week, supporting the potential for a bullish recovery. Between November 25 and November 29, U.S.-based spot Ethereum ETFs saw a net inflow of $467 million.

Leading the charge, BlackRock’s ETF saw a net inflow of $300 million last week, followed by Fidelity with a net inflow of $120 million. As Ethereum ETFs continue to see increased inflows, this trend is likely to drive demand for ETH in the crypto market.

Image
Image showing inflows to Ethereum ETFs last week

Ethereum Price Targets

At present, the chances of sustaining a bullish momentum above the support trend line are limited, as Bitcoin is experiencing increased supply pressure. The immediate support below the rising trend line is the $3,570 pivot level.

However, the increased supply suggests a potential bearish breakdown, with the next test being the S-1 pivot support at $3,392.46. If the broader market recovers and Ethereum manages to maintain dominance above the $3,600 mark, the next resistance is in the supply zone, around $3,740.

For a bullish continuation, Ethereum’s price must break through the overhead resistance trend line, boosting the likelihood of reclaiming the $4,000 price point.

Dogecoin to $2.28, Top Analyst Predicts Cycle 3 Impact on DOGE

Elendu Benedict
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Dogecoin to $2.28, Top Analyst Predicts Cycle 3 Impact on DOGE

Notable market analyst Javon Marks asserts that Dogecoin would target a surge to new peaks, citing historical bull cyclical market performance.

In today’s Dogecoin (DOGE) news, the asset continues to trade above $0.4000, but down over 17% from November’s monthly high of $0.4800. The leading meme coin has maintained this disposition, mirroring Bitcoin’s recent price performance.

As market participants continue to observe Dogecoin’s performance, analyst Javon Marks has speculated on the asset’s cyclical endgame. In a December 1 tweet, the expert speculated that Dogecoin would target a three-figure percentage uptick to $2.28 this bull cycle.

Dogecoin to $2.28

Marks noted that Dogecoin is in the third bull cycle in its lifespan. Historically, the market expert mentioned that the leading meme coin has surged from its market bottom to the 1.618 Fibonacci extension in the last two bull cycles.

In an accompanying chart, Marks identified the upsurge pattern, as seen in the 2017 and 2021 bull cycles. Per the chart, DOGE grew from the market bottom at $0.00009 and peaked a little above the 1.618 Fibonacci level at $0.8750.

Dogecoin chart

A similar pattern occurred in the 2021 bull cycle, where DOGE surged from the bottom at $0.00168 to the same Fibonacci extension. The meme coin peaked at its current ATH at $0.73995, still within the 1.618 Fibonacci range.

As a result, Marks expects a similar outturn for Dogecoin this cycle. His analysis shows that Dogecoin’s bottom for the cycle is $0.06004, and its 1.618 Fibonacci extension from the price level is $2.28.

Hence, the analyst expects a further 457% uptick from the current price to the Fibonacci extension. Notably, data from other cycles show that DOGE moves a little further from the Fibonacci level, suggesting the asset could see more upswing from $2.28 if history repeats.

Short-Term Dogecoin Analysis

Meanwhile, an analysis from the Rose Premium Signals shows Dogecoin could move to $0.77148. The Sunday analysis suggests the meme coin could surge 87.5% from the current market price, citing an imminent break from a bullish price structure.

Dogecoin price Analysis
Image Source: @VipRoseTr, X (twitter)

Rose Premium cited a developing cup and handle pattern on the DOGE/USDT 1D timeframe. Per the commentary, Dogecoin is forming a bullish pattern close to its support zone between $0.35985 and $0.30688.

Meanwhile, a breakout from the handle’s resistance would spark an uptrend to three profit-taking levels. The analyst mentioned that Dogecoin would surge to $0.51483, $0.64038, and $0.77148.

Notably, DOGE has corrected 3.44% in the past 24 hours, trading at $0.4128 at press time. The token ranks 7th among the largest crypto assets, with a market cap of $60.7 billion.

Market Psychologist Shares Craziest Thing About XRP Pump, Expect FOMO To Follow

Abdulkarim Abdulwahab
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Market Psychologist Shares Craziest Thing About XRP Pump, Expect FOMO To Follow

Market psychologist Michael XBT sees XRP still trading below its peak as a key bullish indicator, suggesting a larger FOMO frenzy could follow.

XRP is experiencing heightened investor interest amid its ongoing spectacular rally, which has taken many by surprise. Today, XRP traded as high as $2.50, a level last seen about seven years ago. This impressive price surge comes as XRP has seen over 400% growth since last month.

As a result, this remarkable performance has attracted optimistic commentary from market watchers, including former renowned XRP critics.

One such observer, Michael XBT, a market psychologist known for his bullish XRP calls, took to X today to share his thoughts on the current rally. According to Michael, the “craziest thing” about the ongoing XRP uptrend is that the asset is yet to reach its all-time high, suggesting it’s almost as if it is in the initial stages.

FOMO May Follow XRP Breaking ATH

He urged market participants to envision what could happen when XRP finally breaks its all-time high and enters price discovery. This perspective suggests that the ongoing FOMO surrounding XRP will intensify.

At press time, XRP is trading at $2.44, just 37.25% below its all-time high of $3.84. Essentially, this means XRP will surpass its all-time high if it sees an additional 57% price increase.

Meanwhile, XRP has risen by over 64% in the last seven days, making an additional 57% seem within reach.

Many Still Underestimating XRP Potential 

Michael has also proudly reminded market participants that he accurately predicted the ongoing XRP price surge. In July, when XRP traded below $0.50, he boldly declared that a historic breakout was imminent for XRP. He noted that he had never seen any cryptocurrency undergo such a prolonged seven-year consolidation phase as XRP.

“We might be about to witness one of the most significant breakouts in crypto history,” he said at the time.

However, because XRP largely lagged behind the overall market bull momentum, his bullish call was met with resistance from critics. Despite this, Michael stood firm in his position. Four months later, the projected breakout occurred, and XRP has seen about 5X growth since then.

XRP breakout call
XRP breakout call by Michael

According to Michael, many are still underestimating how high XRP could go in this bull market. Experts have also noted that there is still room for growth over the next 12 months before the bull market ends, presenting a wide window for XRP’s continued ascent.

How High Can XRP Go?

Regarding how high XRP could go, Michael initially set $2 as his first target for the asset. He had planned to sell at that point. However, with the recent rally, he has revised his stance, stating that he is no longer taking profits at this price level. 

Target
Michael post

While Michael has become even more convinced that XRP will continue to rise, he has yet to reveal his next target for the asset.

Nonetheless, he often challenges other analysts who are predicting a 300X run for XRP in this cycle. He believes that a 10X increase would be a more realistic projection.

Robert Kiyosaki Says Bitcoin Will Soon Hit $100K, But Peter Brandt Expects Disappointment for Young Investors 

Lele Jima
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0
Robert Kiyosaki Says Bitcoin Will Soon Hit $100K, But Peter Brandt Expects Disappointment for Young Investors 

Robert Kiyosaki, the author of the top personal finance book ‘Rich Dad Poor Dad,’ predicts that Bitcoin (BTC) will soon break the historic six-digit price level. 

The Rich Dad Poor Dad author shared this view in a lengthy X post, where he encouraged his followers to acquire top assets like Bitcoin and gold instead of saving fiat currencies like the dollar and euro.

According to him, people who invest in Bitcoin, Gold, and Silver will get richer and see their wealth increase. Conversely, he indicated that people who choose to save fiat currencies will be poorer, referencing an excerpt from his Rich Dad Poor Dad book in which he warned that “savers are losers.” 

Bitcoin to Hit $100,000 Soon 

Notably, Kiyosaki, who recently shared tips on how investors can become millionaires with BTC, predicted that BTC will soon clinch the $100,000 target. This comes as Bitcoin failed to achieve the milestone on several occasions. 

Bitcoin’s major shot at $100,000 occurred on November 22, when it surged to an all-time high of $99,655. Afterward, BTC plunged below $91,000 four days later before rebounding to $98,152 yesterday. At press time, Bitcoin is changing hands at $95,267, down 4.73% from the $100,000 mark. 

Interestingly, Kiyosaki forecasted that Bitcoin will soon break $100,000. If this happens, he suggested that it will be near impossible for the poor and middle class to catch up, as only the ultra-rich and institutions can purchase the asset. 

“Don’t let the rich get richer…without You,” Kiyosaki warned. 

Peter Brandt Highlights Bitcoin Diminishing Returns 

Meanwhile, in a separate development, veteran financial expert Peter Brandt highlighted Bitcoin’s diminishing returns over the past bull cycles. Data from the tweet shows that Bitcoin witnessed a 483-fold growth from July 2010 to January 2011. 

While Bitcoin returns surged 571x between October 2011 and November 2013, the top asset’s growth rate dropped to 119x from January 2015 to December 2017, and 21x between December 2018 and November 2021.

Furthermore, the data also reveals that Bitcoin grew 6.4x between November 2022 and November 2024. Brandt noted that even though Bitcoin remains a good hedge against fiat currencies, its potential to deliver hefty returns, as observed in the early days, has plunged dramatically. 

In particular, he suggested that young investors hoping to become rich through Bitcoin would be disappointed as BTC’s “bloom is off the rose.” 

Bitcoin at Crossroads: Will $95K Hold or Is a Major Drop to $90K Imminent?

Albert Brown
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Bitcoin at Crossroads: Will $95K Hold or Is a Major Drop to $90K Imminent?

Bitcoin stands at a crossroads where a potential slip could test the $90k support. Will buyers drive the rally beyond $100,000 as the market witnesses altcoins reaching new all-time highs?

Despite the broader market seeing top performers like XRP crossing the $2 psychological mark, Bitcoin’s price is stalling near the $96,000 level. While the market anticipates Bitcoin reaching the $100,000 target in December, its price action tells a different story.

Will Bitcoin regain bullish momentum and cross the $100,000 milestone in the coming week? Let’s find out.

Bitcoin Price Analysis

On the 4-hour chart, Bitcoin’s price trend shows a local resistance trendline, which has kept bullish growth in check. This has led to multiple lower-high formations, fueling the ongoing pullback.

Bitcoin Price Chart
Bitcoin Price Chart

However, Bitcoin has managed to maintain dominance above the 100 EMA, forming a support trendline. As a result, Bitcoin’s price action has formed a triangle pattern on the 4-hour chart.

Bitcoin is consolidating between the 50 EMA on the 4-hour chart and the overhead resistance trendline. The MACD and signal lines have formed lower highs, with their current convergence warning of a potential bearish crossover.

However, the MACD and signal lines no longer show signs of bearish divergence at Bitcoin’s price peaks. Thus, a bullish comeback is likely, and the lines may regain their positive alignment.

Bitcoin Derivatives Light Hope in a Volatile Market

Over the last 24 hours, the crypto market has lost $205 million worth of long positions, with total liquidations reaching $370 million. Amid this, Bitcoin short sellers lost $27.24 million, nearly double that of the long traders, who lost $15.78 million. 

In support of the upcoming rally, Bitcoin’s open interest is inching closer to $60 billion, with options open interest surpassing $34 billion. Furthermore, Bitcoin and options trading volumes have surged to $55.22 billion and $1.65 billion, respectively. These figures suggest that underlying sentiment for Bitcoin remains bullish.

Bitcoin Price Targets

The rejection from the supply level has dropped Bitcoin’s current market price to $96,277. The dynamic support at the 50 EMA stands at $95,930. A pullback below this support will likely lead to a retest of the local support trendline.

This trendline aligns with the 100 EMA at $93,485. Therefore, Bitcoin’s immediate downside risk is approximately 2.65% in the next 24 hours. Meanwhile, using the prevailing bull run and the ongoing pullback, the trend-based Fibonacci level indicates strong support at $90,742.

Additionally, the Fibonacci levels suggest immediate price resistance at $98,378, with a price target of $103,102.

Pundit Says This Could be the Last Time to Accumulate Cardano

Elendu Benedict
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Pundit Says This Could be the Last Time to Accumulate Cardano

Notable Cardano pundit Dapp Central has suggested that this could be the last time to accumulate Cardano amidst bullish Bitcoin predictions.

In a recent commentary, the analyst argued that Cardano (ADA) could be on course for an explosive bull cycle following price predictions from founder Charles Hoskinson. For context, the Input-Output Global (IOG) CEO recently predicted that Bitcoin would trade between $250,000 and $500,000 in the next 12-24 months.

Dapp Central stated that Bitcoin’s foray to the price mark would mark the biggest bull cycle for the industry giant as well as altcoins. Furthermore, he insisted it would be the last time users could accumulate Cardano at a discounted price.

Notably, the market pundit based his assertions on Cardano’s position as the “next in line” after Bitcoin. 

Analyst Says Cardano Targets Another 143% Surge to $2.7709

Meanwhile, analyst Javon Marks says Cardano has continued to show bullish momentum. In a December 1 post, the market speculator asserted that this sustained sentiment would ensure further uptrends for the sixth-largest cryptocurrency by market cap.

Marks suggested that ADA’s next uptrend would target a 143% surge from the current market price to $2.7709. Notably, such uptrend propensity would ensure the asset hits a price level last seen in November 2021.

Nevertheless, the seasoned analyst noted that history suggests that Cardano could surge further from the $2.7709 price mark. In an accompanying chart, Marks shares the digital asset could complete a 2,727% price upswing from its market lows, similar to the 2021 cycle.

ADA Analysis per Javon Marks

If history repeats, Cardano will target price levels at $5.296 and $7.82, as seen in Marks’ chart. Meanwhile, it remains below the $10 price speculation from pundit Lark Davis.

Cardano Tipped for Bullish Start to 2025

With Cardano nearing a 200% year-to-date uptick, enthusiasts have enjoyed considerable gains. However, analyst Dawson Allen expects further gains in the first two months of next year.

In an analysis today, the commentator showed that Cardano saw massive January and February upticks in the last bull cycle year. Specifically, he stated that the sixth-largest crypto asset by market cap gained a cumulative 367% within these months.

Cardano Monthly Returns

He speculated that a similar appreciation would push ADA to at least $3.67 per coin, accounting for a 222% upsurge from the current market price. Notably, the price mark would also be a new all-time high for Cardano, which peaked at $3.10 in September 2021.

Meanwhile, ADA trades at $1.14 at the time of writing, up 7% in the past 24 hours.

Speculations Suggest Ripple Could Use XRP for Its RLUSD Reserve: Here’s What We Know

Sam Wisdom Raphael
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Speculations Suggest Ripple Could Use XRP for Its RLUSD Reserve: Here’s What We Know

Rumors circulating within the XRP community suggest that Ripple could leverage its XRP holdings as reserves for its upcoming RLUSD stablecoin.

These rumors have made the rounds, particularly as Ripple nears regulatory approval for RLUSD. For context, FOX Business reporter Eleanor Terrett confirmed late last month that the New York Department of Financial Service (NYDFS) was on the verge of approving the stablecoin for launch.

Speculation Around RLUSD and XRP

Amid the anticipation, market commentator Luis “Del Crypto” Delgado has fueled the latest circulating speculation with his recent posts.

He suggested that Ripple might use its XRP escrow holdings to establish RLUSD’s initial reserves. Delgado proposed that this move would allow Ripple to mint RLUSD, sell it to On-Demand Liquidity (ODL) partners, and simultaneously unlock significant working capital for the company.

Notably, if true, this approach could inject massive liquidity into the XRP Ledger (XRPL), potentially boosting the ecosystem’s functionality. Furthermore, it could control XRP’s circulating supply, reducing its total availability and bolstering deflationary pressure on the token.

Delgado asserted that such a move might drive XRP’s price upward while enabling Ripple to provide liquidity without creating new tokens. Interestingly, these developments could have positive implications for Ripple and the XRP ecosystem.

XRP Recent Market Performance

XRP’s recent market performance has also contributed to these rumors. The asset recently surged past the $2 mark, peaking at $2.50 before stabilizing at $2.41. This rally boosted XRP’s market capitalization to $137 billion, placing it as the third-largest cryptocurrency, surpassing Solana and USDT.

This price surge has reignited discussions about XRP’s potential to reach new heights. Delgado suggested XRP could reach $1,000 if Ripple’s rumored strategy materializes.

Another community figure, Vincent Van Code, mentioned similar speculations in a separate disclosure. In a post on X, he highlighted the potential liquidity boost to XRPL and the benefits to Ripple’s operational capital.

Here’s What We Know

Despite the excitement, official disclosures suggest these speculations might not materialize. For instance, Ripple’s official announcement regarding RLUSD emphasized that the stablecoin would be backed entirely by USD deposits, short-term U.S. government treasuries, and cash equivalents.

WrathofKahneman (WOK), a notable figure in the XRP community, highlighted this disclosure and urged caution regarding unsubstantiated rumors.

WOK argued that regulators might oppose RLUSD being backed by XRP due to its less conventional collateral status than cash or treasuries. Another community member supported this view, pointing out that regulators prefer well-established forms of collateral over cryptocurrency, even if over-collateralized.

However, he proposed a compromise where tokenized versions of cash-backed RLUSD could coexist with XRP-backed reserves on the XRPL. Such an approach could balance regulatory compliance with the benefits of leveraging XRP’s liquidity. 

Shiba Inu Lead Announces New Tournament with Rewards

Lele Jima
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0
Shiba Inu Lead Announces New Tournament with Rewards

Shiba Inu lead Shytoshi Kusama calls attention to a new tournament on Shiba Eternity, with participants eligible to win BONE rewards and SHIFU airdrop. 

In an X post yesterday, Kusama announced the latest competitive event for Shiba Eternity, Shiba Inu’s collectible card game (CCG). According to him, Shiba Eternity gamers will compete for two different rewards, such as a prize pool of 500 BONE tokens and SHIFU airdrop points. 

While the team would distribute the 500 BONE tokens among the winners of the new Shiba Eternity contest, participants will also earn points, boosting their eligibility in the SHIFU airdrop. 

For context, SHIFU is a new crypto project affiliated with Shiba Inu’s gaming arm, Play With Shib. The token was created as part of a partner airdrop initiative between Play With Shib and Imaginary Ones. This initiative seeks to drive growth and rewards within the Play-to-Earn (P2E) space. 

Shiba Eternity Tournament V 

According to Play with Shib, the latest event, dubbed Tournament V, is a four-day competition that will run from November 29 at 04:00 a.m. (UTC) to December 2. 

The contest is taking place in the Web3 version of Shiba Eternity. This move is part of efforts to boost engagement with the beta version of Shiba Eternity in anticipation of the mainnet launch. 

Recall that the beta testing for the Shiba Eternity Web3 version commenced on August 21, with LEASH stakers granted initial access. A few weeks later, the team extended access to holders of Shiba Inu-related NFTs, including Shiboshi and SHEboshi. 

Shiba Eternity’s open beta officially launched on October 31, giving everyone access to the Shibarium-powered collectible card game. The open beta came with new cards and strategies. Additionally, the team converted all Web 3 cards within the game to NFTs, allowing players to trade them among themselves. 

So far, the team has introduced different contests to boost gameplay, including the 15-Day Web 3 tournament launched in September. The tournament, which resets every 15 days, puts participants in a fierce competition where they get to compete for rewards, such as in-game assets and NFTs.  

In the meantime, Shiba Eternity is still in beta, with no specific date for its mainnet launch. 

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