Shiba Inu Begins Auctioning Lands on Its Metaverse Ecosystem
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The SHIB team recently revealed that they plan on expanding their digital ecosystem to accommodate virtual lands, a queue system, and much more. That said, this new development means Shiba Inu token holders can acquire a portion of land on the ecosystem and become a part of the meme-themed Metaverse.
While the team has adopted the name ‘Shiberse’ as the name for the ecosystem, many believe it is only temporary, and the permanent tag will come by the end of this month.
In its official announcement via its blog, SHIB released some jaw-dropping numbers from the performance of small and large companies in the Metaverse to illustrate the exponential growth of the sector. In 2020 alone, estimates stipulated that the Metaverse had a total valuation of $478.7 billion. For context, that number is roughly the same size as the total home services industry in the US.
Finally, the blog post explained that the platform would include a queue system for bidding over properties and that meme coin Doge Killer (LEASH) holders will receive preferential treatment on the queue. The post detailed:
“This queue allows exclusivity by requiring interested parties to hold “$LEASH,” which gives priority and exclusive access to this first selling phase of the land plots in our Metaverse. In addition to the queue, we have also worked on an anti-dump system to protect $LEASH holders. The remaining lands will then unlock and become available for the public after this exclusive selling process finalizes.”
Key Shiba Inu Levels to Watch — February 9
SHIB has had an aggressively bullish session over the past three days as it prints a new yearly high. Shiba Inu has rallied by about 54% since Sunday and 61.3% over the last seven days, the highest weekly gain among the top 25 cryptocurrencies.
After hitting the $0.0000350 top on Monday, the meme token recorded a sharp 15% pullback to the $0.0000300 psychological support, where buyers immediately flooded the market and dissipated the bearish traction.
That said, SHIB has now returned into the 8%-large pivot zone between $0.0000350 and $0.0000325, as bulls show no sign of slowing down soon. Consequently, I expect a retest and a breach of the $0.0000350 yearly top and a push into the $0.0000400 area over the coming days.
Meanwhile, my resistance levels are $0.0000370, $0.0000345, and $0.0000400, and my support levels are $0.0000325, $0.0000300, and $0.0000275.
Total Market Capitalization: $1.99 trillion
Shiba Inu Market Capitalization: $18.1 billion
Shiba Inu Dominance: 0.89%
Market Rank: #13
