Shiba Inu's Latest Metaverse Moves - Everything About the 'Breakthrough' Virtual World Project! 🔥🔥🔥
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Shiba Inu [SHIB] Launches Metaverse
People can own, trade, and develop virtual real estate on the blockchain, and create personalized avatars. This news has caused SHIB's price to rise over 4% in seven days, trading at $0.00002179, with a market cap exceeding $12.8 billion.
However, the NVT Ratio is Rising
Despite the price increase, SHIB's NVT ratio has risen, indicating that the asset may be overvalued and there is a risk of price correction.
Buying Pressure Slightly Increased
Recently, SHIB's buying pressure has increased, with a decline in supply on exchanges and an increase in supply off exchanges. Meanwhile, SHIB whales are active, with large transaction volumes tripling, and the long/short ratio has significantly risen, indicating bullish sentiment.
Future Price Outlook
If SHIB successfully tests the support level, it may rise again to $0.000026. However, if it fails to test the support level, it could drop to $0.000015 in the coming days.
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