What's new with the Shiba Inu (SHIB)?
How much do you know about the Shiba Inu? Apart from being a very cute dog, it is also a cool coin that achieved success two years ago and continues to amaze its community and other cryptocurrency enthusiasts. Let's see what's new in this project.
Shiba Inu is one of the most popular coins in the crypto industry. It was launched in 2020 along with many other meme coins, following the example of the first dog coin with the ticker DOGE.
Plans and prospects of Shiba Inu
Currently, the project team is developing its own metaverse called “SHIB: The Metaverse”. On October 4, the team presented the first concept developed by The Third Floor studio. They presented an image of game lands with spectacular landscapes, realistic flora and landscapes. Gameplay will include outdoor activities such as rafting, rock climbing, water skiing and more. All Shiba Inu coins such as SHIB, LEASH, BONE will participate in the metaverse economy. Stablecoin will also be added to the ecosystem to pay various rewards.
The developers of the Shiba Inu metaverse say that users will be able to earn various rewards, collect resources and receive passive income, as well as create their own projects and trade NFT lands.
Nevertheless, the metaverse from the authors of memcoin looks very promising. Considering the size of the universe being created, the diverse user set of tools and the earning opportunities described in the concept. The huge, powerful Shiba Inu community is a valuable asset to the metaverse that many existing competitors do not have.
Increased use of the SHIB coin due to the launch of the metaverse may have a positive impact on the growth in the number of transactions, which in the future may trigger an increase in the value of the coin.
The Shiba Inu team also announced the launch of a NFT card game called Shib Eternity. The game was developed by the experienced development team of PlaySide Studios and Shiba Inu Games under the leadership of William David Wolk, former Vice President of Technology at Activision (American Game Console and PC Company). Players can expect 10,000 NFT heroes, exciting battles and beautiful visuals.
According to the developers, the income received from player transactions in the application will be partially used to burn SHIB and LEASH coins. Active coin burning can cause the price of these tokens to greatly increase by reducing supply and increasing applicability.
Shiba Inu price analysis
Over the past 355 days, the coin has decreased by 89% of its ATH, which is justified by the global bearish trend of the entire crypto market. There is also no foundation for the project and a huge emission of 549 trillion.
Currently (January 2023) the coin ranks 15th in the Coinmarketcap ranking with capitalization $5,309,656,639.
For more than 4 months, the coin has been in a state of consolidation with a false conclusion from the range. It is worth watching for increased trade volumes as new projects are announced. This could mean increased interest from major players and increased community activity. These indicators will signal an upcoming price increase.
