{"id":487275,"date":"2022-03-31T09:34:47","date_gmt":"2022-03-31T09:34:47","guid":{"rendered":"https:\/\/wncen.com\/?p=487275"},"modified":"2024-06-11T14:18:50","modified_gmt":"2024-06-11T14:18:50","slug":"shiba-inu-kicks-off-metaverse-project","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-kicks-off-metaverse-project\/","title":{"rendered":"Shiba Inu Kicks Off Metaverse Project; SHIB Rallies 14% In The Last 7 Days"},"content":{"rendered":"
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.<\/p>\n
The project currently has more than 3 million followers on Twitter, which the development team attributes to a new degree of achievement.<\/p>\n
The team says that by launching its own metaverse venture, it will help position Shiba Inu for advancement.<\/p>\n
SHIB: The Metaverse is a virtual world with about 100,595 plots of virtual land and four unique districts.<\/p>\n
In a tweet, SHIB said:<\/p>\n
“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.”<\/p><\/blockquote>\n
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.<\/p>\n
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.<\/p>\n
SHIB Price Action<\/h2>\n
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.<\/p>\n
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.<\/p>\n
Suggested Reading | Fiat \u2013 Not Crypto \u2013 Still The Top Choice For Financial Crimes, US Treasury Says<\/a><\/em><\/strong><\/p>\n
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SHIB total market cap at $15.024 billion on the daily chart | Source: TradingView.com<\/a><\/pre>\nWhales Hoard Billions In SHIB<\/h3>\n
Meanwhile, unidentified whales acquired billions of Shiba Inu tokens this month, despite a 30% run, according to WhaleStats.<\/p>\n
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.<\/p>\n
The second whale, who bought a lower quantity of Shiba Inu tokens, completed a single transaction valued at around $1.3 million.<\/p>\n
Shiba Inu Maintains No. 15 Spot<\/h3>\n
The joke cryptocurrency remains in 15th place in terms of market value, having increased to $15.8 billion, according to Coingecko.<\/p>\n
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.<\/p>\n