Shiba Inu's Latest Metaverse Layout - Revealing the 'Breakthrough' Virtual World Project!

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Shiba Inu (SHIB) recently launched its long-awaited 'Shiba Inu: Metaverse', a new platform that offers users the ability to own, trade, and develop virtual real estate, along with supporting personalized avatars and multiple customization options. The innovations brought by this update could become a catalyst for a rise in the SHIB price.

SHIB Price Reaction

With the release of 'Shiba Inu: Metaverse', the price of SHIB has increased by 4% over the past week. As of now, the trading price of SHIB is $0.00002179, with a market cap exceeding $12.8 billion.

Increased Buying Pressure

Although the NVT ratio of SHIB 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 high interest from investors in the token. Additionally, SHIB whale transactions are active, with a significant increase in transaction volumes exceeding $100,000, further driving bullish sentiment in the market.

Support Levels and Future Trends

SHIB is currently close to support levels, and if it successfully tests and rebounds, the price may break through $0.000026 again. However, if the support level fails to hold, the price of SHIB may retrace to $0.000015.

Summary

The launch of SHIB's metaverse and the active trading of whales have boosted 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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