Welcome back to the channel everyone today, i want to talk about whether shiba inu can continue running. I also want to touch on a brief price prediction and, as always, give you some amc updates. So stay tuned and let's make some money. But before i dive into the video, if you haven't already be sure to sign up to moomoo using the link down below.

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So shiba enu aims for groundbreaking shift in primary architecture with the launch of its own blockchain. The shiba inu development team is working on its blockchain known as shivarium or shibarium, and it has advanced in stages now to the testing phase. This is according to information shared by members of the community and confirmed by the volunteer project lead. Reportedly, the blockchain will be a layer, 2 ethereum scaling solution which will, when completed, hosts the ship token.

As its native platform token, it will also help change the shiba swap whiffing system and rewards, which have become too expensive. Shiburin will be the proper blockchain of shib. That would work as a sideways. Parallel blockchain for the ethereum 2.0 network said a member believed to know the matter.

It is a blockchain on a blockchain that by time to time releases the information it gathered, such as transactions in a single block onto the ethereum network, therefore making it more efficient and cheaper overall as they're sending multiple data sources in a singular block. Thank you to everyone that braved the incredible gas fees to get a shiboshi. This showed without equivocation the need for our own blockchain platform shabarium. I get asked for updates constantly and i'm happy to inform the community that the development of shebarium is going well.

We're a few months away from the first tests and audit of the system, but the foundation is laid and carl is now able to focus on this project while the rest of the developers work with our aaa studio to get the shiboshi game into development updates to Shiba swap and our biggest top secret project already underway, the congestion and high fees are because ship is based on ethereum, which has been for quite some time now hit by skyrocketing gas fees. This has affected tokens based on the blockchain, including ship, as per social media posts from the community members. As a layer, 2 ethereum scaling solution. It means the blockchain will work like and compete directly with polygon.

The own blockchain will help scale the ship transactions and lower the cost of sheba swaps and transactions as well. Just like it worked to reduce gas fees for those using polygon blockchain. I think this is a brilliant move for shiba inu, because it means that it's going to be stepping away from the base ethereum network, and it won't just be a token on the ethereum network. It's effectively going to have its own blockchain.

This adds another layer of credibility to shiba inu. I think over time it's going to go from being 100 purely a mean coin, all the way to being a fully fledged credible crypto with its own pure use cases. Now, on top of that, the social investing at public has also listed shib for members with crypto access, although the platform is yet to launch crypto wallets, we've also seen brazil's largest cryptocurrency exchange network novadax, adding ship to its fiat crypto market as well, and also robin Hood is surveying users about listing ship. Therefore, we could still see shibb being listed on more and more trading platforms over the coming few weeks and the next few months, even though, as a whole, many people don't like robin hood, myself included.

It is still a very, very large trading platform and it would bring tons of media attention to shiba inu. I think as more and more media attention is brought to shiba inu and the transaction fees start decreasing as shiba inu moves on to its own blockchain. This is only going to increase the price of shibuyu as a tangible example of what i mean. Chiba inucoin reached over a million new traders through its listing on novadax, public.com and coinflex.

Therefore, that's a million new people that could and most likely will invest and purchase. Some shiba inu coin, another crypto exchange offered traders the opportunity to flip doge for ship and exchange dogecoins for shiba inu tokens. Now it does also say here an anonymous source close to the exchange revealed that robin hood had taken notice of the social media, support for shib and the platform plans to list shib soon. Robin hood did announce last week that they currently don't have plans to list shib, although it does seem that they're now surveying users to get their opinions.

So i don't think the listing is too far away, maybe over the next week, two weeks month at the latest. Maybe in terms of my price prediction for shiba inu over the last few weeks, we saw it run up very closely to the 0.786 fibonacci extension and it then came back and consolidated between the 0.5 and the 0.61a over this weekend. It then ran up again and i think it's now going to pull back and consolidate somewhere between the 0.618 and the 0.786 before running up again over the next say 2 or three weeks, all the way to the 1.618 fibonacci extension up here at 0.00006896. But let's now move on and talk about amc i want to relate what's going on now to what happened back in may and the institutional ownership may was according to me, this poster amc's most important month this year as it set the stage for the rally between The 24th of may and the 2nd of june when the stock increased more than 400 percent in seven trading days, as we all know by now.

This culminated on the 2nd of june, where the stock closed 95 higher than the day before and was trading as high as 126 percent higher at one point. But what exactly happened after the rally at the end of january? Amc was stuck between five and ten dollars. Sometimes peaking its head above 12 since february up to that point and there's two key dates that can be found throughout may, and i thought it was due time for some proper due diligence during the weekend about those two key dates effectively. On may 13, we saw a good price increase and a massive volume increase, but what happened here and what caused it well, in april amc announced they would offer an additional 43 million shares for an at the market equity program, and on may 13th, amc announced the Shares were sold netting, the company 428 million dollars on may 24th.

Again we saw a good price run up and a massive increase in volume here as well. But what happened here and what caused that, on that day, wonder announced they sold their 6.8 stake in the company effectively providing the market with a lot of new shares that were previously locked up with an institution and therefore, while share dilutions can be looked on. Unfavorably by many apes, it does bring more liquidity to the company and that news tends to drive the price up. But it's also important to note that most of the largest institutions holding amc, actually increased.

Their stake quarter by quarter vanguard, increased theirs by 18.7 percent and blackrock increased theirs by 11.5 percent. On top of that, you've also got a state street that increased theirs by 25.6 and geode increased theirs by 23.4. Yes, we know these big institutions are lending out. Their shares of amc to the hedges and that's why utilization and borrowing fees are so low, but at the end of the day they wouldn't have increased their shares and their stake so massively if they didn't see amc going up in the future.

Because there'd be no point increasing your holdings of amc if amc is going to fall by 30 and you're only going to generate a 1 interest rate on your share lending now. Some of you may also remember that asked me anything that mark cuban did and i wanted to touch on what he said about the sec mark said the sec is a mess. I wouldn't trust them to do the right thing ever it's an agency built by and for lawyers to be lawyers and win cases, rather than do the right thing. If the sec gave a poop about anyone other than wall street you'd be able to go there right now and read bright line guidelines about insider trading shorting.

What a pump and dump actually is what the rules are for cutting off the purchases of stocks like what happened with gamestop and amc back in january, but they won't, they would rather litigate and regulate, which means they'd love to sue people in order to create new Legal presidents, all you need to know about the sec and how badly they want to screw over. The little guy is that the sec have the option of using judges that work for the sec when they sue you, rather than you having the option to have a jury of your peers in front of a judge that is independent. That is how bad the fcc is. If you want fair markets that don't benefit wall street, call your local politician and show them this message.

Basically, if the sec are suing you, they can have a judge that works for the sec dictate the case and therefore it's obviously going to go in their direction. But hopefully this in a way could be a good thing for monday. Obviously, citadel are suing the sec, and potentially the sec could have a judge, judging the case that also works for the sec and therefore it could definitely go in their favor. And now i also wanted to touch on the wider market and inflation pressures are now brutal because of the supply squeeze with prices being forced up by disruptions.

Consumer spending and corporate earnings are at risk dual produced throughout the supply chains on which corporate america depends on are translating into widespread inflationary pressure. A string of u.s companies revealed this week, disrupting their operations and forcing them to raise prices for their customers. Whirlpool on friday blamed inefficiencies across the supply chain for pretty brutal increases in the prices for steel, resin and other materials, saying these would add almost a billion dollars to the appliance manufacturers costs for this year. On wednesday, the federal reserve's beige book summary of economic conditions reported that survey chain bottlenecks and labor shortages had slowed the pace of economic growth in much of the country.

Most districts reported significantly elevated prices, fueled by rising demands for goods and raw materials, and this is why inflation is going to continue to stay around and only grow, and it's going to be around until well into 2022, maybe even longer until the supply chain disruptions, dissipate And this is why inflation is such a massive massive problem at the moment and we're currently holding a higher average inflation rate for the entire year than we were back in 2008. The last time we had a major recession, i think, throughout the rest of this year. In october november and december, inflation is only going to grow unless the market crashes. Now you may have also seen jack's recent tweet saying hyperinflation is going to change everything.

It's happening a lot of people disliked this tweet and said he was clueless and said that the us will never face hyperinflation. Now i don't think we're going to see inflation rates like venezuela saw back in 2019 of 65 000 inflation per year, but i do think that boss plants did a brilliant job of explaining his thoughts. He said i'm not jack, but let me have a go. The fact that 33 of all money in the us was printed in one single year in 2020 by the fed is a massive massive problem, and also we have the supply chain crisis where demand can't be met by supply due to the lack of workers.

Poor and warehouse space, and now you also have to compound that by a record number of people quitting being fired or being out of work due to unconstitutional pandemic mandates and strikes worldwide. Additionally, truck drivers are being paid less than ever, leaving the industry in record numbers due to electronic log regulations, emission system regulations and worker misclassification laws in california, preventing owner-operated drivers from working as contractors. You've also got the real estate moratorium laws no longer in effect, which will lead to further bankruptcies and homeless. Tenants.

You've also got a massive decrease in the number of mortgage loans being serviced, which has decreased by 15 month over month. For the last four months, you've got 2.1 million less loans being written in september than in august. You've also got a lack of metals for computer chips, which continues to elevate the cost for used and new cars. Meanwhile, the global daily supply of barrels per day for oil is around a negative 200 000 barrels per day.

This therefore adds to a compounding energy crisis worldwide, mostly being felt in europe, australia and brazil, and they've already seen triple digit increases in costs of energy in various forms. The only way to get around most, if not all, of these issues is by printing, more money and obviously printing more money will cause more inflation, and this only supports the fact that inflation is here to stay and the system is in a very tricky tricky situation. Guys be sure to, let me know down in the comments below what you think about shiba inu and whether you think it's going to continue running. And if you haven't already be sure to sign up to moomoo, using the link down below in the description.

To get those free stocks, because, at the end of the day everybody likes free money and as always guys if you enjoyed this video, be sure to check out some of my others. Alternatively, subscribe to the channel and ding that notification bell, because that way, you'll be alerted when i upload a new video cheers.