Shiba Inu SHIB/USD is one of the latest meme-tokens that has taken the crypto world by storm.
What once began as a joke or a meme directly inspired by cryptos such as Dogecoin eventually became into its own ecosystem, introducing BONE, LEASH, and ShibaSwap.
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Now, the Shiba Inu (SHIB) team is introducing something new and metaverse-related, which has the potential to increase the value of the SHIB token further, alongside its utility.
The Shiberse announcement as a catalyst for growth
On January 17, we covered the concerns regarding the value of the SHIB token after it declined by 65% from its highest point in 2021.
On January 24, in an official announcement made by Shibtoken on Twitter, SHIB is launching what is known as the Shiberse in 2022. This is intended to be an immersive experience for the SHIB ecosystem and the metaverse space.
What this essentially means is that the holders or even followers of the SHIB token can expect a lot more surprises in the upcoming weeks.
This new announcement is about a Metaverse project that will become a big part of SHIB’s overall ecosystem and increase the utility of the SHIB cryptocurrency.
While details regarding this project have not yet been disclosed, more information should come soon.
Shib Informer also assured its holders that the team is working on many new ideas, and many more developments are on their way. These developments include Shibarium, ShibaSwap 2 + burns, the game, along with some other new developments.
All of this has the potential to increase the value of the SHIB token.
Should you buy Shiba Inu (SHIB)?
On January 25, 2022, Shiba Inu (SHIB) had a value of $0.00002115.
To get a better perspective about what this value point means for the Shiba Inu (SHIB) token, we will go over its all-time high value as well as its performance throughout the previous month.
The all-time high value of the Shiba Inu (SHIB) token was on October 28, 2021, when the token reached a value of $0.00008616. This gives us an indication that, at its highest point of value, the token was $0.00006501 higher in value or by 307%.
In terms of the performance of the SHIB token in December, we can see that its highest point of value was on December 1, when the token reached a value of $0.0000482.
Its lowest value point, however, was recorded on December 20, when SHIB was valued at $0.00002856.
This gives us an indication that from the span of December 1 to December 20, the SHIB token decreased in value by $0.00001964 or by 40%.
With that in mind, at $0.00002115., the SHIB is a worthwhile buy as we can expect the token to climb in value to $0.00003 by the end of February 2022.
Where to buy right now
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Source: https://invezz.com/news/2022/01/25/shiba-inu-price-movement-how-will-the-shiberse-announcement-shape-the-value-of-the-shib-token/