Shiba Inu (SHIB) has succeeded in placing itself among the most important crypto assets with enormous earnings since the day it stepped into the cryptocurrency market. Shiba Inu (SHIB) currently has a market cap of $14 billion and is the 15th largest cryptoasset.
The Shiba Inu (SHIB) has seen some extremely important developments this week. So much so that these developments could work as an important catalyst for the crypto-asset to increase its value for the rest of the year.
Shiba Inu (SHIB), the crypto asset that crypto investors are most interested in, was integrated into the US-based commission-free crypto trading platform Robinhood this week. This development was important to the Shiba Inu in two ways. The first can be seen as the expansion of the Shiba Inu (SHIB) token trading in the US continent and reaching more investors, which will increase the trading volume.
The second factor that makes this listing important is that the Robinhood exchange is extremely meticulous in listing altcoins. Robinhood's decision to list Shiba Inu (SHIB) can be interpreted as increasing confidence in the altcoin, as the crypto assets to be listed on the platform have gone through a serious evaluation process.
With the construction of the SHIB Metaverse, the Shiba Inu stepped into a brand new industry. The popular trend of recent years will contribute to the growth of the Shiba Inu ecosystem after this week.
While early stage offers are received on Metaverse this week, users will be able to own virtual land in SHIB Metaverse from next week. It is thought that the trade in the SHIB Metaverse will take place with crypto assets in the Shiba ecosystem, especially the SHIB token, which will significantly increase the demand for the SHIB token. On the other hand, the burning of SHIB tokens used in the Metaverse is expected to contribute to the circulating supply of the crypto asset.
Another and perhaps the most important issue that the Shiba community cares about is the SHIB token burning activities. The Shiba team took up this issue and launched a portal called ShibaSwap 2.0 and rolled up its sleeves to create a standard burning mechanism.
Along with other mechanisms such as Shibarium, an annual burn of over 100 trillion SHIB tokens is expected, while this action, which will shorten the altcoin supply, is expected to positively affect the price.