Shiba Inu, a well-known meme symbol, has had a tumultuous few months to say the least.This move occurred one morning in late November, when the crypto market appeared to be steadier. The majority of major cryptocurrencies are up today, with several even moving into positive territory for the week.
However, it looks that anticipation about this meme token playing a role in the metaverse is driving Shiba Inu a lot higher. Shytoshi Kusama, a Shiba Inu ambassador, made a Medium article this weekend regarding a possible Shiba Inu metaverse game. As a result of this news, it appears that investors are now pricing in a more positive future for Shiba Inu.
According to one article, the Shiba Inu development team is considering a major collaboration to create an online game. Notably, this project has enlisted the help of renowned video game creator William David Volk.
When it comes to the game industry, Volk has a solid track record. His 36 years of expertise include a senior management position at Activision Blizzard and a variety of high-profile initiatives that have investors enthusiastic about the collaboration's possibilities.
This post also implies that the current blockchain version of the game will someday utilize Shiba Inu's decentralized network, bringing Shiba Inu into the metaverse. The current buzz around the metaverse might lead to some major speculative momentum in the near future.
It was a significant improvement for this dog-themed token compared to the price action of the previous month on most days. In fact, Shiba Inu prices have dropped by over 45 percent in the previous month.
One of the most common complaints investors have about Shiba Inus is their lack of utility. There's not much beneath the hood outside being a meme token with a lot of excitement and a large and growing community. According to several studies, Shiba Inu has the fewest active repositories of any significant project.
Sure, this coin has a decentralized exchange, will be accepted for payments by significant organizations like AMC Entertainment Holdings, and recently exceeded 1 million wallet holders – which is fantastic.
This prospective shift to the metaverse and blockchain gaming sphere, on the other hand, is possibly Shiba Inu's most palpable catalyst in a long time. Of course, this coin is still highly speculative and comes with a significant level of risk. Meme tokens are one of the most challenging digital assets to assess on a fundamental level. As a result, investors who are considering Shiba Inu's bullish drivers should also examine the token's potential dangers.
With so many tokens breaking price records on a near-daily basis, it's worth asking: Who realy profits from crypto moves? If you want to earn money with crypto investments, you need to be able to profit regardless of which way a specific token is moving on any given day.We've discovered one firm that has properly positioned itself as a long-term picks-and-shovels solution for the whole crypto industry — Bitcoin, Dogecoin, and all the rest.