Shiba Inu Kicks Off Metaverse Project; SHIB Rallies 14% In The Last 7 Days
31 Marzo 2022 - 3:34AM
NEWSBTC
Despite the backlash it receives from cryptocurrency analysts, the
Shiba Inu meme coin continues to make a loud noise, and on March
30, it revealed additional details regarding its own metaverse,
which will be appropriately named SHIB. The project currently has
more than 3 million followers on Twitter, which the development
team attributes to a new degree of achievement. The team says that
by launching its own metaverse venture, it will help position Shiba
Inu for advancement. Shiba Inu Marks Territory In The Metaverse
SHIB: The Metaverse is a virtual world with about 100,595 plots of
virtual land and four unique districts. In a tweet, SHIB said: “We
would like to extend a warm welcome to SHIB: The Metaverse. An
immersive experience that has the potential to expand into a large
setting in which the Shib Army may learn, share, and benefit.” In a
blog post captioned in the announcement, the Shiba Inu team
describes SHIB: The Metaverse as the fulfilment of the community’s
history, visually portrayed in a layer of stunning graphics that
highlight its inventiveness and cohesion while providing a place to
call home. Using the name “SHIB: The Metaverse” to honor the
Metaverse would not only establish the project’s identity, but it
would also allow the community to focus on its basic ideals. SHIB
Price Action As this developed, the profitability of the
second-largest meme cryptocurrency, Shiba Inu (SHIB), has climbed
to 46% from 35% earlier in March, according to IntoTheBlock data.
The meme coin is currently trading at $0.000027, down from March 28
peaks of $0.0000296. SHIB has increased by 14% in the last week,
according to CoinMarketCap data. Suggested Reading | Fiat – Not
Crypto – Still The Top Choice For Financial Crimes, US Treasury
Says SHIB total market cap at $15.024 billion on the daily chart |
Source: TradingView.com Whales Hoard Billions In SHIB Meanwhile,
unidentified whales acquired billions of Shiba Inu tokens this
month, despite a 30% run, according to WhaleStats. The first whale,
who accumulated 420 billion SHIB, engaged in two significant
transactions. Three hours before the second transaction, valued
$7.3 million, the first transaction was worth $4 million. The
second whale, who bought a lower quantity of Shiba Inu tokens,
completed a single transaction valued at around $1.3 million. Shiba
Inu Maintains No. 15 Spot The joke cryptocurrency remains in 15th
place in terms of market value, having increased to $15.8 billion,
according to Coingecko. Shiba also announced the launch of a new
domain, SHIB.io, which will serve as the home for the Shiba Inu
Metaverse and the community’s future expansion. Suggested Reading |
Bitcoin Helps Market Hover Past $2 Trillion As BTC Nears $48,000
Featured image from Coingape, chart from TradingView.com
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