Shiba Inu Partner Drops Hint: Shibarium-Inspired Restaurant to Open This Month as SHIB Approaches a Potential Breakthrough
- The Shiba Inu-themed restaurant has hinted at a grand opening for later this month stirring excitement in the SHIB community.
- SHIB looks poised for a breakout after successfully climbing above a local resistance level, setting itself up for long-term gains.
Shiba Inu-themed restaurant Welly fast food store has revealed that it will be celebrating its grand opening this month. Through its X (formerly Twitter) account, the store called on the community to guess the date of the opening. Based on the date of the message, many in the SHIB community have been guessing that the launch could take place this month.
In its post, the restaurant further shared an image showing the layout of the restaurant. Others have been guessing that the debut will not come until the end of the month.
10/??/2023
Guess the opening day!
🍔🥗🌯🥙🍗🥓🍦🧋 pic.twitter.com/I7HBj49JJI— WELLY 🍔 (@wellyfriends) October 15, 2023
The project has long been in development with its success key for the Shiba Inu ecosystem and PB5, Welly’s business developer, who described the upcoming fast food as the “first of many.” This has led to speculation that although the first restaurant is launching in Naples, Italy, others will spring up all over the world through franchise deals.
The fast food is not only backed by Shiba Inu but also the recently launched Layer-2 solution, Shibarium. Through Shibarium, the restaurant will improve on customer experience through food-based incentives and customer loyalty programs. Additionally, the developer has recently revealed plans for a blockchain-based food-tracking technology. According to the developer, this technology will not only serve Welly but restaurants globally.
As earlier reported, the restaurant plans to sell the classics, including fried chicken sandwiches, burgers, fries, and drinks.
Shiba Inu (SHIB) Posied for Long-term Gains after Breakout
The upcoming launch is a welcome development for the SHIB community who are looking forward to long-term success based on recent SHIB price movements. Its recent price patterns have hinted at a possible reversal and short-term to long-term gains. A technical look at the latest price movement shows that the meme coin is struggling with the 21-day Exponential Moving Average (EMA) which is an indicator of bullish or bearish price patterns.
Supported by rising trade volumes, SHIB looks poised to break out of its local resistance which is in the $0.0000075 level before moving further and recording short-term and ultimately long-term gains.
At the time of press, SHIB is trading at $0.00000706 after a 2 percent increase in the last 7 days. At current prices, the altcoin is still a long way from its all-time high of $0.00008616 set nearly 3 years ago but investors remain confident of retesting these levels in the next bulls run.