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After the Shiba Inu meme coin was listed on the Robinhood app, the price of SHIB rose by up to 40%. The fundamentals have become even more optimistic after the new events in SHIB: The Metaverse.
The developers put up for sale 36,431 plots of land, the owners of LEASH and SHIBOSHI will be able to take part in the auction:
ShibArmy, the waiting period has come to an end. We are happy to announce that the first BID EVENT is now live on https://shib.io.
Important: To participate in this event, you must block LEASH or SHIBOSHI and use the blocking system.
The launch of SHIB: The Metaverse has been a welcome development for Shiba Inu owners, as the metaverse enhances the functionality of the SHIB ecosystem and can foster acceptance.
In addition, after the implementation of the burning mechanism, the number of SHIB tokens in circulation continues to decrease every day. A significant role in this process was played by the so-called incendiary parties, during which 4.4 billion SHIB were withdrawn from circulation.
Along with this, two Ethereum whales identified as “Light” and “BomBur” have added $8.95 million worth of Shiba Inu to their holdings. Together, these developments support the rise of the crypto-meme.
Analysts at FXStreet believe that Shiba Inu could continue its growth if bitcoin maintains or improves its position. Now SHIB is trying to establish support at $0.0000271 to prepare a foothold for a break to $0.000037.
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