SHIB, which saw a serious rise at the close of the week, was withdrawn to the $0.000015 band with the effect of profit sales at the beginning of the new day. According to the comments of analysis companies, the last wave of rise was realized with high volume purchases by large investors. While commenting on the latest Shiba bounce, Santiment wrote that whales have been very active in the Shiba market lately, with 433 transactions totaling $100,000 in the last 4 months.
On the other hand, there have been important developments regarding the Shiba Inu in recent days. One of them was the addition of the SHIB option to all payment cards used in Binance's Europe region. Thus, Binance Card holders have the opportunity to pay with SHIB tokens at more than 60 million businesses around the world. Receiving 8 percent cashback for payments made with SHIB is another advantage.
Could the SHIB Metaverse be the trigger for the Shiba price?
Shiba Inu continues to be a remarkable ecosystem with some prominent projects in 2022. The SHIB Metaverse project, announced this year, is seen as one of the most important developments for the Shiba Inu. As previously announced, 100,595 virtual plots will be sold in SHIB Metaverse. Virtual lands divided into 4 categories are expected to be offered for sale between 0.2 and 1 ETH. With the start of land sales, the Shiba ecosystem is also expected to be activated.
Considering these important projects, the fact that the project, which started as a joke crypto money, turned into a long-term benefit is a positive situation among crypto money comments. Market participants think that if the SHIB Metaverse project can be successfully run, the ecosystem can gain significant momentum. However, experts seem to agree that it should be cautious yet due to the high competition in the Metaverse space.
While there has been some selling pressure in the crypto money markets since yesterday, SHIB continues to stay in the positive zone among cryptocurrencies with high market capitalization. On the other hand, Bitcoin (BTC), after testing the $25,000 band again in the early hours of the day, saw hard sales in the morning and regressed to the 24,000 limit. Ethereum (ETH), on the other hand, is currently finding buyers at $ 1,910 with sales after testing $ 2,000.