Shiba Inu (SHIB) Rallies After Announcing Plans to Enter Metaverse

The world’s second favorite memecoin Shiba Inu (SHIB) is on quite the rally as it gears up for an entry into the exciting world of the metaverse, offering its users and investors more value. At the time of writing, SHIB/USD is trading around $0.000034. up by nearly 60% over the past one week.

On Tuesday, the developers behind the meme token confirmed that they were in the early stages of developing a Shiba Inu Metaverse, codenamed as Shiberse. They also let on that they will announce the real name of the initiative later this month.

More on Shiba Inu’s Metaverse

Like Decentraland and The Sandbox, the memecoin’s metaverse will allow users to purchase and auction Shiba Lands within its ecosystem. The developers shared that they are working on a fair queue system which will prevent bots and gas wars from taking advantage of the upcoming venture.

In the proposed system, Shiba Inu’s developers will find ways to give priority to interested users who own LEASH tokens to purchase land plots in the metaverse. They are also coming up with an anti-dump system to protect the interests of LEASH investors. After the exclusive sale ends, Shiba Inu’s metaverse will open up for public sale of its virtual land plots.

An entry into the metaverse will give the Shib Army more power and value from their holdings. The excitement has been building up ever since the team made this announcement and hinted at interesting partnerships coming up as well, taking the SHIB token higher.

SHIB/USD Technical Analysis

Taking a look at the H4 price chart of SHIB/USD, we find a strong bullish bias among moving averages and the momentum indicator. However, the MACD suggests some selling interest in the market too.

Shiba Inu is trading well above the pivot point at $0.000025 and has crossed the first resistance at $0.000031 too. Let’s see if buyers can take SHIB past the second resistance coming up at $0.000034 soon.

ABOUT THE AUTHOR See More

Aiswarya Gopan

Financial Writer & Editor - Asia & Europe Desk

Aiswarya Gopan is a financial journalist, editor, and content strategist with more than 19 years of experience across financial markets, fintech, blockchain, and technology. She has worked with leading cryptocurrency exchanges, including BingX and KuCoin, driving content strategy, market research, and editorial initiatives covering digital assets, DeFi, Web3, and global financial markets. Drawing on a background in cybersecurity, technology journalism, and market research, Aiswarya specializes in translating complex financial and blockchain developments into clear, timely insights. At FX Leaders, she covers cryptocurrency, stocks, forex, and macroeconomic developments across the Asian and European trading sessions.

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