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Shiba Inu price prediction remains bullish above $0.0000088 as it has closed Doji and spinning top candles above this level. Much of the bullish trend is due to the increase in Shiba Inu trading which has reached $1 billion. Several changes have taken place in the Shiba Inu ecosystem in the past few months. The number of meme currency holders has increased, and community-led burning has taken center stage amidst this. Despite these changes, the SHIB price has remained stable.
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SHIB Metaverse Team Has Launched Two New Hubs
Earlier this week, the SHIB team announced two new metaverse hubs and shared concept images on Twitter. The first, Dunes, is an oasis, a “large, modern-looking environment with grand buildings and cool water for online visitors.”
The second part of the metaverse concept describes the tech trench hub. Leading academic institutions and universities influence the design of the latter. Yale and Princeton in the United States are among them, as are Otemon Gakuin University, Mode Gakuen Cocoon Tower in Japan, and the Rolex Learning Center in Switzerland.
Additionally, as the popular meme coin prepares to become a standalone ecosystem, Tech Trench HUB will undoubtedly be a natural place where community distribution of cultural learning experiences can be found. In July, the SHIB development team worked on the metaverse with The Third Floor (TTF), a significant visualization company. As a result, the announcement of two new hubs could benefit Shiba Inu.
Shibarium Update
On October 29, Shitoshi Kusama, who is working on the Shibarium project, stated that he was “heads down working”.
"I'm sure you'll enjoy the upcoming updates."
It was still being determined what would be included in the update at the time. On October 9, the first indication of the Shibarium update was released. Twitter user Lucie included a screenshot of a Kusama post in a tweet. According to the post, the developer thought it would be great to test Shibarium using the SHIB metaverse game.
Following the initial tweet a few weeks later, SHIB price briefly dropped before starting a multi-day uptrend. Despite the price drop, SHIB investors may have some good news to look forward to, which could cause the SHIB/USD pair to outperform other altcoins.
Burning SHIB Portal Reveals Strategy to Boost SHIB Price
The Shiba Inu community-led burning has been the center of attention, but it has still kept the price of SHIB stable. However, Shibburn, a well-known platform, pointed out that it is different from how the burning process works, while the community has asked the burning portal to destroy more SHIB to increase the price. Shibburn stated in a tweet on November 15 that burning alone will not drive the price of SHIB.
According to the burning portal, several additional strategies will reduce the supply of SHIB. This includes the long-awaited release of Shibarium. The Layer-2 method aims to turn the meme currency into a self-sustaining ecosystem. The soon-to-be-released SB Visa Card will also be useful. SHIB also has a Web 3.0 initiative called SHIB, Metaverse. Given that more than half of the total supply of SHIB has already been burned, the potential expansion of the SHIB burning mechanism could lead to a bull run for SHIB.
Shiba Inu Price Prediction
The current Shiba Inu price is $0.000009, and the 24-hour trading volume is $121 million. Shiba Inu has decreased by less than 0.50% in the previous 24 hours. CoinMarketCap is now ranked 13th, with a live market cap of $5 billion. The circulating supply is 549,063,278,876,302 SHIB coins.
SHIB/USD has formed a symmetrical triangle pattern on the 4-hour timeframe, which is supporting it near $0.0000088. A bullish reversal is more likely if the Doji and Spinning top candles close above this level. Shiba Inu could be hit by the $0.0000085 level if it breaks below $0.0000088.
Investors should look to buy at $0.0000088 as the RSI and MACD are both in the buy zone. Shiba Inu may face immediate resistance near $0.0000095 or $0.0000099 on the upside.
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