The Shiba Inu team announced the metaverse launch.
Despite significant announcements, SHIB’s price has dropped by around 6% in the last 24 hours.
However, developments within the ecosystem are boosting investor confidence.
The Shiba Inu team’s latest update about the virtual playground within the SHIB ecosystem, ‘Shib The Metaverse,’ has captured the attention of the crypto world. SHIB’s marketing manager Lucie revealed that the metaverse launch is approaching within the memecoin’s ecosystem. This announcement is a major development for the dog-themed altcoin, increasing investor confidence.
- Metaverse Launch Approaches
- A New Central Hub for the Community
- Ecosystem Developments and Investor Interest
Metaverse Launch Approaches
On September 29, marketing manager Lucie shared important details on X under the headline “Shib the Metaverse: A Place Where the Community Meets, Dreams, and Plans Come to Life.” According to the post, the memecoin ecosystem will launch its metaverse “in the foreseeable future.”
A New Central Hub for the Community
Lucie stated that the new virtual world would become the lifeblood of the SHIB community, a place for user-generated content, ideas, and collaboration to thrive.
Ecosystem Developments and Investor Interest
The post highlighted that SHIB investors would view the virtual playground as the “ultimate hub” within the ecosystem, allowing users to discuss new ideas, vote on key proposals, and develop strategies for the ecosystem’s future. This move is expected to significantly increase activity within the Shiba Inu ecosystem and strengthen user engagement. Lucie added, “Shib The Metaverse will enhance community interaction and be a crucial step in empowering the SHIB ecosystem.”
In her recent X posts, Lucie emphasized ecosystem developments that have sparked optimism about SHIB’s market position. She revealed that the dog-themed memecoin’s community has integrated fiat onramps into Shibarium, further revolutionizing the ecosystem.
Interestingly, Lucie mentioned that Shib developers are researching zkKYC, a privacy-focused method to verify users without compromising personal data. She also stated that there are plans to introduce fiat onramps.
Despite these advancements, the Shiba Inu coin lost value today. SHIB’s price dropped approximately 6% in the last 24 hours, falling to $0.00001873. The coin’s daily low and high were recorded at $0.00001843 and $0.00001984, respectively. Weekly charts show a 27% increase for the memecoin, with today’s decline aligning with the overall market trend.
Moreover, Coinglass data shows that SHIB open interest in futures fell by 8% today, and derivatives volume decreased by 41% to $356.72 million. This data reflects a drop in investor interest during the recent price decline. However, these developments and wider timeframe charts reveal contrasting sentiments in the current market.
The latest updates from the Shiba Inu team regarding the ‘Shib The Metaverse’ launch reflect both ecosystem innovations and market dynamics, offering important insights into SHIB’s future.
