Bad Idea AI, in partnership with Shiba Inu, has launched an upgrade known as version 2.0 Release Notes.
As part of the Shiba Inu community, BAD proposed the creation of a digital art gallery where artists can sell their work in the form of NFTs, with BAD tokens enabling users to make purchases.
Bad Idea AI, the artificial intelligence partner of Shiba Inu, unveiled a new upgrade that comes with a number of improvements. The BAD team made an exciting announcement in an X post, launching the version 2.0 Release Notes for Bad Idea AI. This update includes memory retention on a per-room basis, performance enhancements, and security updates.
Additionally, BAD proposed a crypto-related idea as part of the Shiba Inu community. They suggest creating a digital art gallery for artists to showcase and sell their work in the form of NFTs. With BAD tokens, users can purchase these digital art pieces, supporting both established and emerging artists while offering a unique marketplace for art enthusiasts.
BAD recently released a cold wallet in collaboration with Tangem, providing a convenient solution for users to store BAD tokens and various other cryptocurrencies.
Bad Idea AI is described as a decentralized experiment that blends blockchain, artificial intelligence, AI, and DAOs in a risky and meme-worthy concoction. Its collaboration with Shiba Inu focuses on enhancing Shibarium with AI-centric tools, some of which may be specific to Shibarium projects, while others could have a broader scope.
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The Shiba Inu Price Action
Amid consistent bearish pressure, SHIB’s price action is marked by the formation of several lower-high peaks. The 50-day EMA acts as a dynamic resistance level, limiting bullish momentum. An overhead descending trendline reflects strong selling pressure.
On the daily chart, descending trendlines, characterized by lower lows, complete a falling wedge pattern. This also results in Shiba Inu experiencing notable selling pressure within the wedge. However, buyers are showing interest at lower levels, increasing demand for the meme coin, especially as the broader market recovers.
Currently, SHIB is trading at $0.000000673, and a sharp intraday reversal has formed a long tail from the support trendline. This reversal increases the likelihood of a price surge.
If buyers regain momentum, SHIB may embark on a new bullish cycle within the falling wedge, potentially targeting resistance near $0.00000715. The current positive trend suggests the price could reach as high as $0.00000851. Conversely, a drop below the support line could further lead to a significant decline, possibly down to $0.0000060.
Shiba Inu Faces Competition
Shiba Inu Continues to face competition from its rivals like Floki Inu. Earlier this week, Floki Inu crypto locker FlokiLocker went live on 14 different EVM-compatible blockchain mainnets. FlokiFi Locker is a cutting-edge crypto locker protocol designed to secure a wide range of assets, including Liquidity Pool (LP) tokens, fungible tokens, NFTs, and multi tokens. This protocol prioritizes security and undergoes real-time auditing and monitoring by the industry’s leading security auditor, Certik. As an integral part of the trusted Floki brand, FlokiFi Locker also stands as the most innovative crypto locker protocol in the industry.
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