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- Shiba Inu
developers are preparing for the launch of a new metaverse universe.
- If SHIB price cannot hold important support levels, a drop may occur.
- An Ethereum whale’s high amount of SHIB token purchases caught attention.
The Shiba Inu (SHIB) team is preparing to launch a new metaverse universe. A drop may occur if SHIB price cannot hold onto this support!
Shiba Inu Trying to Hold onto Support!
The second most popular memecoin Shiba Inu is still hanging loosely on the edge of the cliff. However, the likelihood of the upcoming metaverse supported by the result reversing the upward trend is higher.
After remaining relatively unchanged in the last 24 hours, Shiba Inu is changing hands at $0.00001027 on Saturday. Most crypto assets are showing signs of growth, but with no volatility, price movement may be under pressure over the weekend.
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Meanwhile, for the Shiba Inu price, the $0.00001 support should be held to prevent the possibility of gaining traction to test the December low of $0.0000078.
On the other side of the fence, if SHIB recovers from the same support, $0.00001574, this could significantly change in favor of breaking the highest level reached in February, $0.00001574.
Shiba Inu is Preparing for the New Metaverse
Shiba Inu developers announced the launch of a new metaverse world called Rocket Pond. Although the details of the new meta universe are secret, the team is organizing a giveaway to start a new era. Participants will be looking at winning land titles in the metaverse.
Investors are currently buying land for 0.2 ETH or about $380 in the Shib – The Metaverse section.
In a recent update, the SHIB team stated that Rocket Pond aims to visually showcase the essence of Shiba Inu’s journey with an attractive presentation while being hidden away in the mountains.
In addition, the architecture is inspired by various famous structures such as Lake Tahoe and Cape Canaveral and blends them seamlessly into its design. The team also said:
“Rocket Pond gives a hidden mountain getaway feel, mixing modern luxuries/tourist elements with the wild nature around you, YMCA or KOA camp atmosphere blended with resort buildings that climb the mountains mixed with wildlife and clear waters.”
Shiba Inu Price is Fluctuating But Recovery is Expected
SHIB bulls have been holding onto the $0.00001 support since the correction from $0.00001574 in the second week of March. Attempts to break the significant resistance of $0.000012 have been frequent but none have been successful.
However, the bulls have little choice but to weaken the seller congestion zone and open the way for a significant recovery to close the gap to $0.00001574 and then the all-time high of $0.00008616.
SHIB/USD daily chart
The launch of Rocket Pond has the potential to make SHIB more attractive to buyers in the market, especially those already excluded by larger assets such as Bitcoin and Ethereum.
Whales are accumulating massive amounts of Shiba Inu (SHIB), and the 19th largest Ethereum whale surprisingly bought 76,316,827,917 SHIB tokens.
This whale activity, considered a positive indicator, indicates an increasing concentration in large holder positions, signaling increased market confidence.
Shiba Inu is at the beginning of a reversal of the trend with a break above the decreasing trend line on the daily chart and is likely to trigger a significant rise in the coming days.