SHIB The Metaverse has been invited to exhibit at this year’s SXSW XR Experience.
Interest in whales increased and the statistics favored SHIB.
Shiba Inu [SHIB] announced a new development regarding the highly anticipated SHIB The Metaverse on January 13. According to the update, SHIB The Metaverse has been invited to exhibit at this year’s SXSW XR Experience. The virtual and augmented reality showcase will be open to all badge holders at SXSW 2023, held in Austin, Texas.
For Immediate Release: Shiba Inu & SHIB The Metaverse have been invited to exhibit at this year’s SXSW XR Experience. The showcase for VR/AR experiences is open to all badge holders at SXSW March 2023 in Austin, Texas @sxsw
Read more: https://t.co/51Oa3DwshY
— Shib (@Shibtoken) January 12, 2023
Read Shiba Inus [SHIB] Price prediction 2023-24
What is SHIB The Metaverse about?
SXSW 2023 shows a new preview of SHIB The Metaverse’s WAGMI Temple. Festival attendees will get an exclusive preview of WAGMI Temple, the first of 11 hubs in SHIB the Metaverse.
The official announcement described the hub as:
“WAGMI Temple – named after the crypto battle cry “We’re going to make it all” and is a zen-like world of calming sensations, meditation, natural beauty and spiritual connections to the world.”
On January 12 also SHIB announced a collaboration with Buggati alongside the release of a “collectible NFT” collection. In addition, SHIB also remained quite popular among the whales.
According to WhaleStats, a Twitter account that posts updates on whale activity, SHIB was among the top 10 cryptos by trading volume of the 500 largest Ethereum whales in the past 24 hours.
— WhaleStats (crypto whale tracking) (@WhaleStats) January 12, 2023
How many 1,10,100 SHIBs worth today?
Positive impact on Shiba Inu?
These developments definitely had a positive impact on SHIB, as the price rose nearly 14% over the past seven days. According to CoinMarketCap, SHIB was at press time trade at $0.000009509 with a market cap of over $5.2 billion.
SHIB’s on-chain stats also looked bullish, suggesting continued gains. For example, the meme coin’s MVRV ratio has risen significantly over the past week, which has been bullish. Social volume has also skyrocketed in recent days, reflecting its popularity in the crypto community.
from CryptoQuant data revealed that SHIBNet deposits to exchanges were low compared to the seven-day average, which was bullish as it indicated lower selling pressure. However, SHIB’s network growth slowed sharply on January 13, which could spell trouble.
This post Can Shiba Inu’s Metaverse Update Help SHIB Continue Its Bull Rally?
was published first on https://ambcrypto.com/can-shiba-inus-metaverse-update-help-shib-continue-its-bull-rally/