Shiba Inu's latest announcement about the launch of "Shib The Metaverse" has failed to generate excitement among investors. The price of SHIB has dropped by almost 10% in the past 24 hours and is expected to fall further. The planned virtual space aims to be a central hub for community members, but SHIB holders have not reacted positively to the news. The declining open interest and Chaikin Money Flow suggest reduced market participation and a potential liquidity outflow. If market interest continues to decline, SHIB's price could fall further, but a resurgence in demand could lead to a price increase.
- Content Editor ( beincrypto.com )
- 2024-09-30
Shiba Inu Price Retreats with Holders Unimpressed by ‘Shib The Metaverse’