Shiba Inu's latest Metaverse move - all 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 make personalized avatars. The news sent SHIB prices up, up more than 4% in seven days, trading at $0.00002179, with a market cap of over $12.8 billion.

However, NVT ratio rises

Despite the price increase, SHIB's NVT ratio rises, meaning the asset may be overvalued and there is a risk of price correction.

Buying pressure increases slightly

Recently, SHIB has seen an increase in buying pressure, with a decrease in on-exchange supply and an increase in off-exchange supply. At the same time, SHIB whales are active, large transactions have tripled, and the long/short ratio has risen sharply, indicating rising bullish sentiment.

Future price outlook

If SHIB successfully tests support, it may rise again to $0.000026. But if the support level is not tested, it may fall to $0.000015 in the next few days.

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