Shiba Inu's Latest Metaverse Layout - Unveiling the 'Breakthrough' Virtual World Project!
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Shiba Inu (SHIB) has recently launched its long-awaited 'Shiba Inu: Metaverse', a new platform that offers users the ability to own, trade, and develop virtual real estate, as well as support for personalized avatars and multiple customization options. The innovations brought by this update could become a catalyst for SHIB price increases.
SHIB Price Reaction
With the release of 'Shiba Inu: Metaverse', SHIB's price has risen by 4% over the past week. As of now, SHIB's trading price is $0.00002179, with a market cap exceeding $12.8 billion.
Increased Buying Pressure
Although SHIB's NVT ratio has risen, indicating that the asset may be overvalued, buying pressure for SHIB continues to increase. The supply on exchanges has decreased, while off-exchange supply has risen, indicating a strong interest from investors in the token. Additionally, SHIB whale trading is active, with a significant increase in transaction volumes exceeding $100,000, further boosting market bullish sentiment.
Support Levels and Future Trends
SHIB is currently close to a support level; if it successfully tests and rebounds, the price may break through $0.000026 again. However, if the support level fails to hold, SHIB's price may pull back to $0.000015.
Summary
The launch of SHIB's metaverse and the active trading by whales have fueled bullish sentiment in the market, and SHIB may face price fluctuations in the coming days. Investors should pay attention to the testing of support levels.
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