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Why Shiba Inu Token $0.001 Price Journey has Started with The Recent Rally

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Shiba Inu Token’s $0.001 journey is commencing with the coin recording a 30% price gain in the last 24 hours. This is the first time the coin is gaining with such a huge margin in the last few weeks. Before this jump, the coin had lost over 50% of its peak value.

Although it is still far from its previous high, analysts are predicting this bullish momentum is adequate in pushing the coin to a new all-time high.

Why Shiba Inu Could Become the Biggest Metaverse Disruptor in the Industry

Since its creation slightly over a year ago, the Shiba token has become one of the most successful cryptocurrencies. This growth has made it the 12th largest cryptocurrency in the market with its valuation exceeding 25 billion dollars.

What is Shiba Inu Token?

Shiba is a decentralized token that was created in 2020 and is commonly known as the dogecoin killer. Dogecoin is the competitor coin with both having famous dog names.

Initially created as a fun coin, Shiba has been rapidly evolving in its quest to become a mainstream cryptocurrency with competitive utilities.

What Shiba Inu Investors are Planning to do When the Coin Hits $0.01

Successful creation and deployment of these utilities are attracting numerous investors with the list hitting the 1-million-mark last week. Shiba investors call themselves SHIBARMY whose job is to market and drive the coin’s value higher. 

The 1 million investor threshold is a big achievement with only a few top coins getting to this level. The Shiba Inu token $0.001 journey has several supporting factors.

Non-Fungible Tokens Shiboshis

In mid-October, the Shiba network launched its first NFTS to the market known as Shiboshis. This is a list of 10,000 Shiba images. The Shiboshis runs on the Ethereum blockchain.

You can trade them on the ShibaSwap platform. ShibaSwap is the Shiba platform that enables some functionalities such as coin swapping and NFT trading.

Most players in the crypto industry are betting on NFT products to be the next big growth platforms. Since Ethereum availed the concept in 2015, The NFT concept has grown to become a multimillion-dollar industry with most networks rushing to create their platforms.

NFT involves the transaction of digital assets such as art. This is a revolutionary concept as it makes it easier and verifiable trading of digital assets.

All the Shiboshis were taken up immediately after their release indicating the demand for such solutions is high.

Shiba Inu Coin Rise to the Moon Has Begun with The Coin Rising 30% In the last 24 Hours

Shiba Gaming Metaverse Venture

Shiba made a recent announcement they will be launching a gaming metaverse known as Shiboshis games This is already creating market excitement with most investors terming it as revolutionary.

While detailing the plan, the renowned Shiba developer Shytoshi Kusama said the company would be engaging the services of David Volk to help make the project a reality.

Although there are no clear timelines on when the concept will be ready, the idea is already fueling the Shiba Inu token $0.001 dream.

Shiba Inu Token $0.0001 Price

Currently, this remains a theoretical price that most coin investors believe will be realized in the future.

Getting to this price requires the coin to keep up creating value through innovation and partnership. In return, it will attract more investors.  

Hopefully, with the full creation and deployment of these utilities, they will help the coin achieve this fulfilling price.

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