Shiba Inu’s Head of Marketing, Lucie, revealed key insights into the launch of “Shib the Metaverse” which fueled optimism for SHIB.
The latest update from the Shiba Inu team on "Shib The Metaverse", a virtual playground in the SHIB ecosystem, has attracted widespread attention from the entire crypto space. Lucie, the marketing executive at SHIB, revealed that the launch of the metaverse in the meme coin ecosystem is getting closer. The announcement, which showcases the disruptive development of dog-themed tokens, has sparked optimism among investors around the world.
Shiba Inu Lucy Hints That "Shib The Metaverse" Is Coming Soon
On September 29, marketing lead Lucie came to X to highlight important details about “Shib the Metaverse: Where the Community Meets, Dreams, and Plans.” According to her post, the ecosystem of meme tokens will eventually launch the metaverse in the “foreseeable future.”
Additionally, the new “space will be the heart of the SHIB community, where user-generated content, creativity, and collaboration will flourish,” added Lucie.
The post states that SHIB holders may view the virtual playground as the "ultimate headquarters" within the ecosystem. With the upcoming version, users can discuss new ideas, vote on important proposals, and strategize for the future of the ecosystem. This move is expected to significantly boost activity within the Shiba Inu ecosystem while solidifying its user appeal.
Meanwhile, the marketing executive highlighted other developments in the ecosystem in a recent X post, which added to the optimism surrounding SHIB Token’s market position. The dog-themed meme token’s community revealed how it could further revolutionize the ecosystem by bringing fiat currency to Layer 2 Shibarium.
Interestingly, Lucie revealed that the future could be even more interesting, as Shib developers recently explored zkKYC, a privacy-focused method for verifying users without revealing personal data. Additionally, “they plan to launch fiat currency top-ups,” the marketing executive added.
SHIB price plummets
However, despite the aforementioned developments, the Shiba Inu token has seen a sell-off today. SHIB price has fallen nearly 6% to $0.00001873 in the past 24 hours. The token’s intraday low and high were $0.00001843 and $0.00001984, respectively. Furthermore, the token’s weekly chart shows a 27% gain, suggesting that today’s decline is in line with the broader market trend.
Coinglass data shows that SHIB futures OI fell 8% to $60.28 million today. In addition, derivatives trading volume plummeted 41% to $356.72 million, reflecting that investors lost interest in the asset due to the recent price decline. However, the above developments and the broader time frame charts have produced a very different market sentiment.
CoinGape Media recently reported that SHIB destruction rates have surged, which is a positive for Shiba Inu. Crypto market watchers continue to keep an eye on the coin amid the recent trend shift.
