Monday, November 28, 2022
 

Excitement About SHIB Metaverse Project Not Reflected In Its Price

  • New SHIB Metaverse project is not affecting the crypto’s price.
  • SHIB is still only up by just under 1% over the last day.
  • The meme coin’s data is somewhat contradictory at the moment.

Although the ShibArmy seems excited about Shiba Inu’s (SHIB) new Metaverse Temple project, it has not yet been reflected in the price of the meme coin. SHIB announced on September 3 that the WAGMI Temple project was gaining some momentum in its community.

The announcement also revealed that the WAGMI temple project looked at architectural designs from a few different countries, including, Hawaii, South Africa, Japan, and Myanmar.

As mentioned before, the SHIB community expressed their excitement about this new project, but the price of SHIB is still only up by just under 1% over the last 24 hours at the time of writing.

SHIB / TethetUS 1D (Source: CoinMarketCap)

According to the market tracking website, CoinMarketCap, SHIB is currently trading at $0.00001233 after reaching a high of $0.00001239 over the last day. The meme coin is also still down 0.81% over the last week.

Shib also saw a health drop in its 24-hour trading volume as it now stands at $197,358,310. This is a 36.60% drop over just one day. In terms of market cap, SHIB is ranked as the 14th largest crypto, with a market cap of $6,768,413,400.

Although SHIB’s new project has not made any monumental changes to the meme coin’s price, it is still important to acknowledge the fact that the project is still in the early stages.

In addition to this, SHIB’s data is a bit contradictory at the moment. Although SHIB is still maintaining its top position amongst ETH whales, data from Santiment indicates that SHIB’s 24-hour active addresses have declined to 4939, and the circulation over the last day has also dipped to 1.9 trillion.

These mixed messages make it very difficult to believe that SHIB is prepared for green in the coming days.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

  • New SHIB Metaverse project is not affecting the crypto’s price.
  • SHIB is still only up by just under 1% over the last day.
  • The meme coin’s data is somewhat contradictory at the moment.

Although the ShibArmy seems excited about Shiba Inu’s (SHIB) new Metaverse Temple project, it has not yet been reflected in the price of the meme coin. SHIB announced on September 3 that the WAGMI Temple project was gaining some momentum in its community.

The announcement also revealed that the WAGMI temple project looked at architectural designs from a few different countries, including, Hawaii, South Africa, Japan, and Myanmar.

As mentioned before, the SHIB community expressed their excitement about this new project, but the price of SHIB is still only up by just under 1% over the last 24 hours at the time of writing.

SHIB / TethetUS 1D (Source: CoinMarketCap)

According to the market tracking website, CoinMarketCap, SHIB is currently trading at $0.00001233 after reaching a high of $0.00001239 over the last day. The meme coin is also still down 0.81% over the last week.

Shib also saw a health drop in its 24-hour trading volume as it now stands at $197,358,310. This is a 36.60% drop over just one day. In terms of market cap, SHIB is ranked as the 14th largest crypto, with a market cap of $6,768,413,400.

Although SHIB’s new project has not made any monumental changes to the meme coin’s price, it is still important to acknowledge the fact that the project is still in the early stages.

In addition to this, SHIB’s data is a bit contradictory at the moment. Although SHIB is still maintaining its top position amongst ETH whales, data from Santiment indicates that SHIB’s 24-hour active addresses have declined to 4939, and the circulation over the last day has also dipped to 1.9 trillion.

These mixed messages make it very difficult to believe that SHIB is prepared for green in the coming days.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

 

Latest news