Can meme games and playing to win on Shibarium increase the price of Shiba Inu?

• Shiba Inu’s Shibarium will provide the scalability and low transaction costs needed to power meme games and win.
• Shiba Inu will be giving more details about meme games and Shibarium to developers at Shiba Con 2024 in November.
• The price of SHIB is almost unchanged this week, down less than 1% and trading at $0.00001335 at the time of writing.

Shiba Inu (SHIB) is in a state of decline, even as the meme coin reveals plans for its Layer 2 scaling solution Shibarium. Lucie, behind the X handle @LucieSHIB, shared details on how Shibarium’s scalability and low transaction costs can help power win-win games and meme games in the Shiba Inu ecosystem.

SHIB is trading at $0.00001335 at the time of writing.

Shiba Inu could power Play-to-Earn games and memes through Shibarium

The narrative of meme coins has dominated this crypto cycle. The meme coin sector produced the highest earnings for traders in the first half of 2024. Shiba Inu, the second largest meme coin, could power meme games and Play-to-Earn games through its Layer 2 Shibarium platform.

Lucie, Director of Marketing at Shiba Inu, shed some light on what to expect from Shibarium and detailed low transaction costs and scalability. Shibarium is built on top of the Ethereum blockchain and turns Shiba Inu into a complete ecosystem that can power games.

Shiba Inu could expand earnings by nearly 11%

Shiba Inu price is almost flat this week, down less than 1% on Binance. The meme coin could extend gains by nearly 11% and revise the August 1 low of $0.00001484 as seen on the SHIB/USDT daily chart. This is a key level for meme currency as it acted as support for meme currency between March and August.

The MACD (Moving Average Convergence Divergence) indicator shows green histogram bars, signaling an underlying positive momentum in the Shiba Inu price trend.

SHIB/USDT Daily Chart

Shiba Inu could find support at the August 5 low of $0.00001078 in case of a correction in the coin.