The latest update from Shiba Inuâs team on âShib The Metaverse,â a virtual playground within the SHIB ecosystem, has garnered noteworthy attention across the crypto landscape. SHIBâs marketing lead, Lucie, revealed that the metaverseâs launch on the meme coinâs ecosystem is closer. This statement, showcasing a game-changing development for the dog-themed token, has reverberated investor optimism globally.
Shiba Inuâs Lucie Hints âShib The Metaverseâ Launch Is Imminent
Marketing lead Lucie took to X on September 29, spotlighting vital details on âShib the Metaverse: Where the Community Meets, Dreams, and Schemes.â As per her post, the meme tokenâs ecosystem will finally see the launch of the metaverse in the âforeseeable future.â
Further, the new âspace is set to become the beating heart of the SHIB community, where user-generated content, ideas, and collaboration thrive,â Lucie added.
The post pointed out that SHIB holders may think of the virtual playground as the âultimate HQâ within the ecosystem. With the upcoming rollout, users can chat about fresh ideas, vote on essential proposals, and foster strategies for the ecosystemâs future. This mover is expected to substantially boost activity within the Shiba Inu ecosystem while also solidifying its user appeal.
Meanwhile, additional ecosystem developments spotlighted by the marketing lead in recent X posts have added to optimism about the SHIB coinâs market stance. The dog-themed meme coinâs community reveals how it brought fiat on-ramps to Shibarium, a Layer 2, further revolutionizing the ecosystem.
Intriguingly, Lucie revealed that the future might be even more intriguing, as Shib developers recently explored zkKYC, a privacy-focused method for verifying users without compromising personal data. In addition, âthere were plans to introduce fiat top-ups,â the marketing lead added.
SHIB Price Plummets
However, despite the abovementioned advancements, the Shiba Inu coin saw a selloff today. SHIB price slipped nearly 6% to $0.00001873 in the past 24 hours. The coinâs intraday low and high were recorded as $0.00001843 and $0.00001984, respectively. Besides, the weekly chart for the token illustrated a 27% uptick, hinting that todayâs slumping movement aligns with the broader market trend.
Coinglass data indicated an 8% downswing in SHIB futures OI to $60.28 million today. Further, the derivatives volume plunged 41% to $356.72 million, mirroring the loss of investor interest in the asset amid the recent price drop. However, the abovementioned advancements and the broader time frame charts have birthed contrasting market sentiments.
CoinGape Media recently reported the SHIB burn rate to have skyrocketed, weighing the scales towards the bullish side for Shiba Inu. Crypto market watchers continue to monitor the token amid recent trend shifts.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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