The Shiba Inu meme currency continues to be a popular choice despite the criticism it gets from crypto analysts. On March 30, the Shiba Inu coin revealed more details about its metaverse. It will be named appropriately SHIB.
It currently has over 3,000,000 followers on Twitter. The development team credits this to an unprecedented level of success.
It is believed that Shiba will benefit from the launch of its metaverse venture by positioning her for success.
Shiba Inu Declares Territorial In The Metaverse
SHIB: Metaverse is a world that has approximately 100,595 virtual land plots and four distinct districts.
SHIB stated in a tweet:
“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
This development led to the success of Shiba Inu (SHIB), the second-largest meme cryptocurrency. It increased to 46% from 35% in March according to IntoTheBlock data.
The current price of the meme coin is $0.000027. This is down from its March 28 peak at $0.0000296. CoinMarketCap data shows that SHIB rose 14% during the week.
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SHIB's total market cap is $15.024Billion on the daily charts | Source: TradingView.com
SHIB Whales Keep Billions Of Money
WhaleStats says that undeidentified whales have bought trillions of Shiba Inu tokens despite an 30% drop in sales.
Two significant transactions were made by the first whale who had accumulated 420billion SHIB. Four million dollars was spent on the initial transaction three hours before it became the second, worth $7.3million.
Second whale bought less Shiba Inu tokens than the first and made a transaction worth approximately $1.3million.
Shiba Inu Keeps No. 15 Spot
According to Coingecko, the joke cryptocurrency is still 15th in market value and has reached $15.8 Billion.
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.
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Featured image by Coingape. Chart from TradingView.com