ShibaInu gets a new metaverse update, but can it help SHIB go up?
Not only this but a new Tech Trench concept was also revealed. The Tech Trench setting is modeled around an immersive trench from antiquity that has advanced into a highly technological area., “This hub allows for a deeper connection with cultural reassurance and lessons learned from the innovative and daring journey SHIB as a project & community has endured.
On the other hand, Santiment’s data showed that SHIB’s NFT ecosystem witnessed growth over the last week. The total number of NFT trade counts along with the total NFT trade volume in USD spiked over the past seven days, which was a positive signal.However, the question is- Will the metaverse updates and growth in the NFT space be enough to provide aid toSHIB’s performance has not been impressive lately, as it has failed to register any upticks, thanks to the bearish market condition.
According to CoinMarketCap, SHIB’s price decreased over 6% in the last seven days, and at press time, it was at $0.000009138. Interestingly, things might soon change in favor of SHIB as several of the on-chain metrics were in favor of the buyers.revealed that SHIB’s exchange reserve was decreasing, which was good news as it indicated less selling pressure. Moreover, SHIB’s stochastic was in an oversold position, further increasing the chances of a price surge in the days to follow.
Interestingly, the whales’ confidence in SHIB gave further hope to investors. According to WhaleStats,