For anybody who follows the industry, we know how Shiba Inu has been putting together the best team to enter the Metaverse. From collaborating with large studios to employing the industry’s top talent, the project is set to make an impactful comeback to the market.
Fast forward to September, the Shiba Inu has entered the metaverse, and we couldn’t keep calm about it! Following weeks of speculation around a possible launch into the digital realm, Shiba Inu has debuted its first piece of concept art for the Metaverse.
SHIB Metaverse: The Next-Gen Of Possibilities
The team at SHIB recently took to social media to share a glimpse of ‘rocket pond,’ an area under the Shiba Inu’s metaverse.
It appears that Shiba Inu has made progress with the release of its new concept art with the addition of the rocket pond concept image. This concept image aims to depict what the Shiba Inu Metaverse would look like in the future.
Post the launch, the market has been under a lot of speculation regarding the ‘most immersive virtual world to look out for.’ Many believe this incident will be SHIB’s final step to the moon.
Besides, there is a chance that the altcoin’s future will be promising with the whales’ current interest.
But how far does this statement truly hold? Let’s find out in our latest blog piece below.
Rocket Pond: The Concept In Detail
Rocket Pond “brings the sensation of a resort buried in capitals, YMCA and KOA outdoors a camping ambiance with wild habitats merged with modern luxury/touring elements,” according to the website created to reveal precisely the same.
It is now unknown whether the Shiba Inu team would be able to fulfill their promises and also appease even the skeptics of the public. Shiba’s excitement has been made known by more than just Metaverse aficionados. The upcoming meta-project now has the attention of the whales.
Trend Movements Concerning The SHIB Metaverse
When it comes to the icons owned by the top 2000 ETH whales, Shiba Inu tops the list. It appears that the whales are carrying SHIBs valued at $142,619,591.
The atmosphere on social networks has been affected by the excitement surrounding meme coins. Shiba Inu’s well-being has increased by 59.64%, and their social media participation has increased by 2.3% in the last seven days.
There are still a few dispensaries open, but Shiba Inu tends to stir up more of a mix within the social media space. Loan providers should be aware of this before buying meme coins.
Shiba Inu Tops The Most Viewed Cryptos
Shiba Inu is one of the most prominent cryptocurrency initiatives of recent times. While the extent of SHIB’s appeal is occasionally overlooked, research suggests that SHIB ranked third among all projects in North and South America, Asia, and Africa as of August.
The popularity of SHIB seems to be escalating over time. In many ways, the two-year-old initiative has advanced. The video game Shiba Eternity, which is still in beta testing, is most likely to be the following major release once the metaverse is launched.
Shibarium, the team’s layer-2 protocol, will after be made public. Shi, a stablecoin, and TREAT, a reward token, are two new tokens on which the team is currently working.
SHIB was trading around $0.00001177 at the time of publication. It was learning before pursuing a career. Shiba Inu’s price is poised to increase to $0.000012.
Crypto expert and trader Michael Grullon provided a September price forecast for Shiba Inus. Grullon predicts that Shiba Inu will soon reach a high of $0.00001200 and, on the downside, might fall to a low of $0.00000976 set in July 2022.
It is anticipated that SHIB will increase, perhaps reaching the $0.00001225 mark. Shiba Inu or Shibarium’s release could spur a surge in the price of SHIB and lift it above $0.00001225.
Still Million Miles Away From The Moon?
The number of Shiba Inus is one of the factors that can cause investors to exercise caution. The token’s supply has decreased by -91.83% during the past seven days. In the graphs, its market capitalization importance is also declining by 3.68%.
Shiba Inu hasn’t bothered to venture far into the DeFi room. The project’s latest DeFi strategy, Shiba Swap, has proven to be an effective countermeasure, mainly since TVL has continued to take a plunge since April and shows no improvement.
While costs have increased by 1.12% during the past 24 hours, the SHIB value has decreased by -8.58% over the past week.
Shiba Inu has likewise failed to leave a lasting impression in the DeFi industry. Shiba Inu’s DeFi protocol Shiba Swap hasn’t been doing well lately, as its TVL has been declining since April and hasn’t been able to recover.
At the time of publication, Shiba Inu [SHIB] had been trading for $0.00001186. SHIB’s price increased by 1.12% on the most recent day, while it decreased by -8.58% during the previous seven days.
Shiba Inu [SHIB] has several favorable aspects, but traders are recommended to be cautious because meme coins are prone to significant volatility. As a result, it is advised that readers conduct research before entering a market.
Is Shiba Inu’s Metaverse A Bullish Catalyst For SHIB?
Last week witnessed several optimistic events in the cryptocurrency ecosystem. The recovery of the cryptocurrency market capitalization was spurred by completing Ethereum’s Merge. Shiba Inu and Dogecoin, two meme coins, are prepared to compensate for their losses.
Shiba Inu collaborated with the visualization firm ‘The Third Floor’ to release artwork of SHIB’s Metaverse. Images of Rocket Pond, a mountain poolside area with outdoor activities, including hot air ballooning, were shared by the Shib metaverse handle.
The visualization studio and the development team have regularly tweeted updates. SHIB holders have been greeted with expectation and intrigue surrounding the metaverse, from revealing a secret resort to dropping images of Rocket Pond.
While it might be too quick to judge if SHIB will take off to the moon, we might notice price fluctuations in the SHIB token as new developments unveil.