Shiba Inu to Burn Coins and Leap Onto the Metaverse universe
The Shiba Inu meme coin has been in decline over the past month, with prices dropping by more than 40%. Shib is currently selling at $0.0000358, way down from its all-time high reached a few weeks ago. In the past three months, Shib’s price has increased by 375%.
SHIB has been disappointing
Shiba Inu founder, Ryoshi has said that the burn is expected to pave the way for Shiba to enter the metaverse space. The metaverse has become one of the fastest-growing spaces in cryptocurrency since the entry of Facebook.
The momentum in the cryptocurrency market could expire in the coming hours. If it does, then the value of SHIB would drop lower and continue to do so unless there’s a recovery in the market.