Shiba Inu in Metaverse instead of meme coin:

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Shiba Inu is in excellent health despite a massive correction of around 58 percent since the all-time high on October 28, 2021. The crash was more due to the dragging effects of large-volume-hodlers, so-called whales.

As data from Whalestats show, the wallets with the highest Shiba-Inu balances have massively reduced their stocks in the course of the last exchange rate correction. While the share of Shib coins in the top 1,000 ETH wallets with the highest Shiba Inu share was around 15 percent on December 1, the share is currently only eight percent. The so-called whales have thus sold Shiba Inu worth more than 400 million US dollars.

Nevertheless, Shiba Inu remains the coin with the highest aggregated dollar value among the top 1,000 ETH wallets and, with a current performance of 9.65 percent, puts Bitcoin and Ethereum, but also its meme competitor Dogecoin, in the shade. The token with the widest quantitative distribution remains UNI, the token of the decentralized crypto exchange Uniswap. Both can be assigned to the Web3 – or, as it will probably be called synonymously in the near future, to the Metaverse.

Shiba Inu wants to create its own metaverse with Oshiverse

Meanwhile, the fantasy behind Shiba Inu is changing. Because the development team is working on the so-called Oshiverse , a metaverse around the Shib token. As lead developer Sytoshi Kusama recently announced on Medium , the Oshiverse will have a strong gaming focus, i.e. compete with Decentraland, The Sandbox or Axie Infinity.

The former technology co-boss of Activision, William Volk, who is also considered to be the inventor of the very first iPhone game, should help with the development. The expectations of one’s own success are high. A Shiba-Inu-Game should surpass the gaming experience of all other Metaverses.

Kusama speaks confidently of a “new Shiba universe”, for which the technological basis is now being created. They don’t just want to create any metaverse, they want to “offer users real added value”. If that succeeds, the Shiba-Inu rate should easily jump over its previous all-time high of $ 0.00008841.

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