The Shiba Inu team’s latest update on ‘Shib The Metaverse’, a virtual playground within the SHIB ecosystem, has caught the attention of the cryptocurrency world. Lucie, SHIB’s marketing manager, revealed that the metaverse launch in memecoin’s ecosystem is approaching. This statement was an important development for the dog-themed altcoin and increased the confidence of investors.
Marketing manager Lucie shared important details under the title “Shib the Metaverse: Where Community Meets, Dreams and Plans Come True” in her post on the X platform on September 29. According to his post, memecoin’s ecosystem will launch the metaverse “in the foreseeable future.”
A New Central Space for the Community
The new virtual world will become the artery of the SHIB community, where user-generated content, ideas and collaboration will thrive, Lucie said.
Ecosystem Developments and Investor Interest
It was emphasized that the sharing will allow SHIB investors to see the virtual playground as the “ultimate hub” within the ecosystem, where users can chat about new ideas, vote on important proposals and develop strategies for the future of the ecosystem. This step is expected to significantly increase activity within the Shiba Inu ecosystem and solidify user appeal. “Shib The Metaverse will be an important step that will increase community engagement and strengthen the SHIB ecosystem,” said Lucie.
On the other hand, the ecosystem developments highlighted by the marketing manager in the last X posts increased optimism about SHIB coin’s market position. The dog-themed memecoin’s community has revealed that it has added fiat gateways to Shibarium, further revolutionizing the ecosystem.
Interestingly, Lucie explained that Shib developers are exploring zkKYC, a privacy-focused method to verify users without compromising personal data. He also stated that there are “plans to introduce fiat takeovers.”
However, despite these advances, the Shiba Inu coin lost value today. The price of SHIB decreased by approximately 6 percent in the last 24 hours, falling to $0.00001873. The daily lowest and highest prices of the coin were recorded as 0.00001843 and 0.00001984 dollars respectively. The weekly chart reveals that memecoin is up 27 percent and today’s downward move is in line with the overall market trend.
Moreover, Coinglass data shows that open interest on SHIB futures fell 8 percent today, with derivatives volume down 41 percent to $356.72 million. These data reflect waning investor interest during the recent price decline. However, the aforementioned developments and broader time frame charts create contrasts in current market sentiment.
The latest updates made by the Shiba Inu team regarding the launch of ‘Shib The Metaverse’ reflect both innovations in the ecosystem and market dynamics, offering important clues about the future of SHIB.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
