• SHIB The Metaverse has been invited to exhibit at this yr’s SXSW XR Expertise.
  • Whale curiosity elevated, and the metrics have been in SHIB’s favor.

Shiba Inu [SHIB] introduced a brand new growth concerning the much-awaited SHIB The Metaverse on 13 January. Based on the replace, SHIB The Metaverse has been invited to exhibit at this yr’s SXSW XR Expertise. The digital and augmented actuality expertise showcase shall be open to all badge holders at SXSW 2023, which shall be held in Austin, Texas. 

Learn Shiba Inu’s [SHIB] Price Prediction 2023-24

What’s SHIB The Metaverse all about? 

SXSW 2023 will showcase a brand new preview of SHIB The Metaverse’s WAGMI Temple. Pageant attendees will get an unique preview of WAGMI Temple, which would be the first of 11 hubs in SHIB the Metaverse. 

The official announcement described the hub as: 

“WAGMI Temple – named after the crypto rallying cry of “We’re All Going to Make It” and is a Zen-like realm with calming sensations, meditation, pure magnificence, and non secular connections to the world.”

On 12 January, SHIB additionally announced a partnership with Buggati alongside the discharge of a “collectible NFT” assortment. Furthermore, SHIB additionally remained fairly standard among the many whales.

Based on WhaleStats, a Twitter account that posts updates about whale exercise, SHIB was among the many high 10 cryptos by buying and selling quantity among the many 500 largest Ethereum whales within the final 24 hours.

How a lot are 1,10,100 SHIBs price right now?

Constructive impression on Shiba Inu?

These developments undoubtedly affected SHIB positively, as its value rallied by almost 14% within the final seven days. Based on CoinMarketCap, at press time, SHIB was trading at $0.000009509 with a market capitalization of greater than $5.2 billion.

SHIB’s on-chain metrics additionally appeared optimistic and advised a continued surge. For example, the meme coin’s MVRV Ratio went up significantly over the previous week, which was bullish. Its social quantity additionally spiked throughout the previous couple of days, reflecting its recognition within the crypto neighborhood.

CryptoQuant’s data revealed that SHIB’s internet deposits on exchanges have been low in comparison with the seven-day common, which was bullish because it indicated decrease promoting stress. Nevertheless, SHIB’s community development decreased sharply on 13 January, which may convey bother. 

Supply: Santiment

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