![Exploring the Shiba Saga Project & Analyzing the SHIA Coin-article](https://academy.moralis.io/wp-content/uploads/2023/08/Exploring-the-Shiba-Saga-Project-Analyzing-the-SHIA-Coin-article.jpg)
Shifting ahead, we’ll first cowl the fundamentals of the Shiba Saga crypto venture. We’ll clarify what it really is and likewise take a look at its workforce, group, roadmap, and extra. Then, we’ll deal with the SHIA coin. Amongst different features, we’ll cowl the asset’s tokenomics and utility, which is able to allow you to perceive what kind of coin $SHIA is.
With the basics of the Shiba Saga crypto venture and its native forex, the SHIA token, below our belts, we’ll deal with the SHIA crypto coin’s value. As such, we’ll take a look at the out there value knowledge for this new asset, carry out a primary TA, and even supply some speculative value predictions.
All in all, the next sections will allow you to decide whether or not or not $SHIA deserves your consideration. Nevertheless, on the subject of deciding if and when you should purchase the SHIA coin, you’ll wish to use Moralis Money.
Not solely is the latter the very best place to analysis and purchase $SHIA, however it’s also the last word device to identify different nice altcoin alternatives early.
![SHIA Coin project official website](https://academy.moralis.io/wp-content/uploads/2023/08/Exploring-the-Shiba-Saga-Project-Analyzing-the-SHIA-Coin-project-official-website-1024x471.jpg)
What’s Shiba Saga?
Shiba Saga is a brand new meme/GameFi crypto venture paying tribute to the favored Shiba Inu canine breed. The venture’s roots attain again to the top of 2022 when the SHIA workforce created the venture’s socials and printed its “woofpaper” (a.ok.a. whitepaper).
![Shiba Saga X (formerly Twitter) account page](https://academy.moralis.io/wp-content/uploads/2023/08/Exploring-the-Shiba-Saga-Project-Analyzing-the-SHIA-Coin-Twitter-account-1024x695.jpg)
Notice: Shiba Saga’s official web site, the above-mentioned whitepaper, and the venture’s socials are the sources of all the knowledge offered herein.
Whereas the workforce behind the Shiba Saga crypto venture classifies their enterprise as a meme coin with utility, it will be technically extra appropriate to offer it the GameFi label. In any case, in line with the venture’s plans, a whole ecosystem of video games is scheduled to launch, permitting gamers to earn crypto belongings (primarily NFTs).
As such, as quickly because the workforce delivers on these guarantees, Shiba Saga might be a correct P2E platform.
The venture’s web site already hints that we are able to quickly count on Shiba Kart and Shiba Crush video games. Plus, the web site additional outlines that customers will be capable of earn the SHIA crypto coin by enjoying the video games they already know and like. In any case, the workforce plans to make use of in style traditional video games and add the twist of getting Shiba San as the principle character.
The venture additional guarantees that each one the video games throughout the Shiba Saga crypto ecosystem might be interconnected. So, spending and incomes $SHIA might be attainable in all of them. Plus, the character or collectible NFTs unlocked in a single recreation can have their counterparts unlocked within the different video games as effectively.
The Shiba Saga workforce additionally guarantees to start out engaged on ShiaVerse proper after releasing the primary batch of the Saga video games. ShiaVerse might be a VR metaverse the place NFTs collected within the Saga video games can have a particular goal.
Shiba Saga Group
Within the crypto house, there are lots of tasks with nameless groups. That’s particularly the most typical observe amongst meme coin tasks. Nevertheless, on the subject of tasks that embrace merchandise/companies, such because the Shiba Saga video games, it’s normally higher if groups are absolutely doxxed. That manner, folks are usually extra accountable, enhancing the supply charge. That’s the case of the Shiba Saga venture’s workforce; it’s absolutely doxxed.
![SHIA Coin team displayed](https://academy.moralis.io/wp-content/uploads/2023/08/Exploring-the-Shiba-Saga-Project-Analyzing-the-SHIA-Coin-team-1024x576.jpg)
The above screenshot reveals all the foremost members, with Carlos because the captain of this ship. In case you want to examine the workforce additional, use LinkedIn, X (previously Twitter), and different socials. For example, that is the venture CEO’s X account:
![Shiba Saga Crypto Project-CEO-Twitter-account](https://academy.moralis.io/wp-content/uploads/2023/08/Shiba-Saga-Crypto-Project-CEO-Twitter-account-1024x730.jpg)
$SHIA Group
Most crypto tasks are effectively conscious of the significance of a powerful group, and the Shiba Saga crypto venture isn’t any exception. As such, the venture already affords a number of channels the place anybody can be part of the SHIA group.
On the time of writing, customers who wish to be part of this rising GameFi venture get to decide on between X (previously Twitter), Telegram, Instagram, and Discord.
To keep away from touchdown on any scammy channels, we advocate accessing any of the aforementioned retailers through Shiba Saga’s official web site. There, you need to use the “Group” possibility within the high menu or just scroll to the underside of the venture’s homepage:
![Shiba Saga Community Page](https://academy.moralis.io/wp-content/uploads/2023/08/Shiba-Saga-Community.jpg)
Roadmap
You will discover a reasonably clear roadmap on the venture’s official web site and contained in the whitepaper. The latter additionally signifies the already reached milestones. Right here’s the roadmap from the woofpaper:
![Shiba Saga crypto project Roadmap](https://academy.moralis.io/wp-content/uploads/2023/08/Shiba-Saga-crypto-project-Roadmap.jpg)
Nevertheless, the whitepaper isn’t dynamic however is solely a static PDF doc. So, for a extra up to date model, learn the roadmap part on the homepage:
![Shiba Saga crypto project Roadmap on homepage](https://academy.moralis.io/wp-content/uploads/2023/08/Shiba-Saga-crypto-project-Roadmap-on-homepage.jpg)
What’s the SHIA Coin?
The SHIA coin is the ecosystem’s native cryptocurrency. It’s an ERC-20 token that went dwell on the Ethereum chain on August 22, 2023. Whereas the Saga video games are below improvement, the core utility of the SHIA crypto coin remains to be on standby. Nevertheless, anybody with web entry and a Web3 pockets, equivalent to MetaMask, can already commerce the SHIA token.
![SHIA coin-minting-tnx-on-Etherscan](https://academy.moralis.io/wp-content/uploads/2023/08/SHIA-coin-minting-tnx-on-Etherscan-1024x356.jpg)
SHIA Crypto Coin Tokenomics
- Image/ticker/title: SHIA or $SHIA
- Community: Ethereum
- Token kind: ERC-20
- Good contract deal with: 0x43D7E65B8fF49698D9550a7F315c87E67344FB59
- Most complete provide: 10,000,000,000 $SHIA
- Token allocation and distribution:
- 38% rewards
- 38% presale
- 10% workforce
- 5% liquidity
- 4% advertising and marketing
- 3% ecosystem fund
- 2% advisors
![SHIA coin allocation and vesting schedules](https://academy.moralis.io/wp-content/uploads/2023/08/SHIA-coin-allocation-and-vesting-schedules-1024x440.jpg)
Use Circumstances
At this level, you already know that the SHIA coin is the Shiba Saga crypto ecosystem’s native token. As such, it’s poised to function a utility token for the Saga video games and ShiaVerse.
The specifics relating to the SHIA crypto coin’s use circumstances throughout the video games and the ShiaVerse haven’t but been revealed. Nevertheless, in line with the venture’s official web site and whitepaper, gamers will be capable of spend and earn the SHIA token throughout the ecosystem.
The SHIA workforce has, to this point, shared some details about buyback and burn options. In keeping with woofpaper v1.6, Shiba Saga goals to revolutionize the incomes mannequin for Web3 video games. Their strategy is to not completely deal with crypto however to supply Saga video games to non-crypto avid gamers as effectively. Moreover, the workforce guarantees to make use of earnings generated from their non-crypto customers (through advertisements and in-app purchases) to purchase again $SHIA and burn that stack.
For extra awards, customers will even be capable of stake the SHIA coin. By using this selection previous to launch, $SHIA holders get to take pleasure in a further reward multiplier. In keeping with the venture’s whitepaper, staking rewards will come within the type of $SHIA in addition to unique in-game and group NFTs.
Except for the aforementioned rewards, those that stake will even get governance rights. So, the extra $SHIA holders stake, the higher their voting energy.
![SHIA coin utility outlined](https://academy.moralis.io/wp-content/uploads/2023/08/SHIA-coin-utility-1024x434.jpg)
What Kind of Coin is $SHIA?
From a technical perspective, the SHIA coin is an ERC-20 token. This implies it lives on the Ethereum blockchain, following the preferred token commonplace (ERC-20).
However, from a class and utility perspective, $SHIA may also be categorized as a GameFi or a P2E token. Plus, since SHIA holders will be capable of earn extra SHIA by staking it, it isn’t flawed to say that this crypto asset additionally has a DeFi nature.
Nonetheless, as stakers are promised sure governance energy, the asset may additionally be labeled a governance token.
SHIA Coin Worth Evaluation
In case you are primarily taken with making some good income by buying and selling the SHIA coin, then this part is for you.
![$SHIA-crypto-coin-price-action](https://academy.moralis.io/wp-content/uploads/2023/08/SHIA-crypto-coin-price-action-1024x490.jpg)
Trying on the above picture, you may see the complete value motion for the SHIA token. After being listed on Uniswap on August 22, 2023, at $0.003954, the value of $SHIA went on fairly a run. The asset’s worth reached the $0.098-ish stage after the primary hour of buying and selling. That was a greater than 24x improve!
The preliminary $SHIA pump was backed by elevated on-chain exercise, and Moralis Money customers – those on Starter and Pro plans – have been capable of spot SHIA’s growing momentum. As such, many merchants within the know acquired their baggage of this GameFI token in its second hour of buying and selling. These with the very best timing have been capable of enter at as little as $0.059-ish.
Nevertheless, the window for such discounted costs closed quick. In any case, the SHIA coin rallied additional and reached $0.3929 throughout the first 13 hours after itemizing.
Following that native excessive, the Shiba Saga crypto asset retraced roughly 50% and took a brief pause. Once more, there have been a number of Moralis Cash customers who used this consolidation interval to purchase SHIA at as little as $0.1945.
The SHIA token stayed round this stage till August 24, 2023, when it began to extend in worth once more. Over the subsequent 55 hours, the asset elevated by almost 300%. After all, there have been some pullbacks alongside the way in which, however nothing main. Nevertheless, after setting the present all-time excessive (ATH) at $0.7928 on August 26, 2023, the token began to lose its momentum.
Submit SHIA ATH Worth Motion
From its present ATH, the Shiba Saga crypto asset pulled again roughly 50% over the subsequent two days. As such, the token discovered short-term help on the $0.4-ish area, which served as resistance and help earlier than. However on August 29, 2023, that help failed to carry, and the SHIA crypto coin retested the $0.33-ish stage.
Thus far, that stage has held sturdy, and on the time of writing, the Shiba Saga crypto token is trying to interrupt again into the $0.4-ish area.
![$SHIA-price-chart-TA](https://academy.moralis.io/wp-content/uploads/2023/08/SHIA-price-chart-TA.jpg)
Technical Evaluation (TA) of the Shiba Saga Cryptocurrency
It’s value stating that we should work with a restricted quantity of value knowledge for $SHIA. In any case, the asset has solely been buying and selling for barely over per week. Thus, our TA is reasonably restricted. Nevertheless, we are able to nonetheless use the asset’s four-hour chart to find out important value ranges.
So, trying on the above picture, it’s best to be capable of see blue horizontal traces. They mark all an important ranges of help and resistance for the SHIA crypto coin.
We additionally added a downsloping trendline (white line). The latter reveals you that the token’s value simply broke out and is coping with the above resistance.
SHIA Coin Worth Prediction – Future Forecast
The above TA tells us that the Shiba Saga crypto asset is at a reasonably vital level. After revisiting the highest of the preliminary pump, turning it into help, and breaking out of the downsloping trendline, $SHIA has a superb probability of occurring one other run.
After all, for that to occur, the asset should acquire extra buying and selling quantity and break above the $0.4-$0.41-ish area. In case that situation have been to play out, the most definitely value predictions are the highlighted ranges above.
Nevertheless, in case the token doesn’t handle to collect sufficient power, the SHIA value might revisit the $0.32-ish stage. And in case the complete crypto market was to plunge additional, $0.2-ish would in all probability come into play. So, these are the most definitely quick to mid-term value predictions for SHIA.
Nevertheless, on the subject of altcoins with comparatively low market caps, value strikes may be large and occur quick. As such, it isn’t not possible for $SHIA to set a brand new ATH sooner reasonably than later.
In that case, the token would enter value discovery mode. Consequently, we are able to use the Fibonacci retracement device to find out how excessive it could go. Essentially the most optimistic stage (the “4.236” extension) factors to $2.3-ish.
![Shiba Saga crypto-price-prediction-using-Fibonacci-retracement-tool](https://academy.moralis.io/wp-content/uploads/2023/08/Shiba-Saga-crypto-price-prediction-using-Fibonacci-retracement-tool.jpg)
Nevertheless, you will need to needless to say SHIA’s circulating provide isn’t fastened. It is going to improve because the tokens unlock, which will even have an effect on the token’s value.
![Should-you-buy-or-not-SHIA-token](https://academy.moralis.io/wp-content/uploads/2023/08/Should-you-buy-or-not-SHIA-token.jpg)
Ought to You Put money into the SHIA Token?
Based mostly on the above-covered sections, it’s best to be capable of resolve whether or not or not you discover SHIA attention-grabbing. If sure, then you definately must analysis this crypto additional utilizing Moralis Cash’s $SHIA token web page.
With that device in your nook, you’ll be capable of reply the above query with confidence. Plus, due to the real-time, on-chain metrics (a.ok.a. alpha metrics) it affords, this web page will even allow you to get the timing of your $SHIA commerce proper. In any case, on-chain exercise at all times precedes value motion!
So, observe the “$SHIA” hyperlink above or use the interactive widget beneath to analysis the SHIA coin:
Greatest Place to Purchase $SHIA
As soon as on the above-presented web page, you’ll be capable of see the Moralis Cash instant crypto swap function:
![Where-to-buy-SHIA-token](https://academy.moralis.io/wp-content/uploads/2023/08/Where-to-buy-SHIA-token-1024x477.jpg)
Because you’re already utilizing that web page to analysis the asset, it’s clearly probably the most sensible path to purchasing $SHIA. Nevertheless, other than being user-friendly and providing unbelievable velocity, this swap function can be one of many most secure and most reasonably priced choices.
So, when you resolve to get your bag of the SHIA crypto coin, join your pockets and execute a swap.
Notice: In case you are new to crypto swapping, take a look at our step-by-step information on how to swap ERC-20 tokens.
![Exploring the Shiba Saga Project & Analyzing the SHIA Coin-Moralis-Money](https://academy.moralis.io/wp-content/uploads/2023/08/Exploring-the-Shiba-Saga-Project-Analyzing-the-SHIA-Coin-Moralis-Money.jpg)
Exploring the Shiba Saga Challenge & Analyzing the SHIA Coin – Key Takeaways
- The Shiba Saga crypto venture is a brand new and extremely formidable GameFi venture that has its roots in late 2022.
- One of many venture’s milestones was the launch of its native token, SHIA, which went dwell on August 22, 2023.
- The SHIA coin can have a number of use circumstances, together with in-game purchases and earnings, rewards, staking, and governance.
- On the time of writing, the SHIA value sits at a reasonably vital stage. And a chance of shifting upwards being barely extra probably.
- To find out if and when to purchase $SHIA, use Moralis Cash’s $SHIA web page and analysis the venture additional.
- On that web page, you too can purchase SHIA with out breaking a sweat or the financial institution.
Whether or not you resolve to purchase $SHIA or not, needless to say there are lots of different altcoin alternatives. In any case, the typical altcoin tends to extend by 50-70x throughout a bull market. So, now’s the very best time to learn to find tokens before they pump.
Luckily, due to Moralis Cash’s core function, Token Explorer, recognizing altcoins with potential has by no means been easier. All it takes is a few clicks!
Plus, you may run preset or distinctive methods throughout all main chains. This contains Ethereum, BNB Chain, Polygon, Fantom, and others. As such, you can begin recognizing altcoin alternatives amongst meme cash (e.g., DOBO) and different tasks with extra tangible use circumstances (e.g., OPNX, ESPR, BAZED, and so forth.).
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