• SHIB The Metaverse team released concept art work in association with visualization studio The Third Floor. 
  • Shiba Inu unveiled land in the metaverse, nestled in the mountains Rocket Pond hit the spotlight for SHIB holders. 
  • Analysts believe Shiba Inu price is likely to resume its uptrend and make a comeback above the $0.000012 level by mid September. 

Post the successful completion of Ethereum’s Merge and a recovery of the crypto ecosystem’s market capitalization, Shiba Inu is on track to recover from its losses. SHIB The Metaverse has announced the launch of digital land and dropped new artwork in recent tweets. 

Also read: China plays both sides in crypto: Trading is legal, crypto payments illegal

Why Shiba Inu’s metaverse is a bullish catalyst for SHIB

The crypto ecosystem has witnessed several bullish catalysts in the past week. The successful completion of Ethereum’s Merge fueled the recovery of crypto market capitalization. Meme coins like Shiba Inu and Dogecoin are ready to recoup their losses.

Shiba Inu released artwork from SHIB The Metaverse, in association with the visualization studio The Third Floor. The Shib metaverse handle released images of Rocket Pond, a poolside area amidst the mountains with adventure sports, hot air ballooning and outdoor activities. 

Rocket Pond from SHIB The Metaverse

Rocket Pond from SHIB The Metaverse

The team of developers and the visualization studio have consistently shared updates on Twitter. From unveiling a hidden resort to dropping pictures of Rocket Pond, SHIB holders have been met with anticipation and mystery surrounding the metaverse. 

The design, inspiration and concept behind the Rocket Pond came from landmarks in the US and Russia, such as Cape Canaveral (Florida), the Monument to the Conquerors of Space (Moscow), Lake Tahoe, Glenwood Caverns Adventure Park (Colorado) and Heavenly Village. The Shiba Inu community is awaiting the launch of the metaverse, considered a bullish catalyst for SHIB price. Shibarium, Shiba Inu’s layer-2 scaling solution and the Shiba Inu metaverse are the two events that are likely to fuel a rally in SHIB. 

Shiba Inu price is ready to climb to the $0.000012 level

Michael Grullon, a crypto analyst and trader presented his September prediction for Shiba Inu price. Grullon believes Shiba Inu is ready to climb to the $0.00001200 level and on the downside, SHIB could drop to its July 2022 low of $0.00000976. 

It is likely that SHIB climbs above $0.00001219, possibly to the $0.00001225 level. The launch of Shibarium or the Shiba Inu metaverse could fuel a rally in SHIB, pushing the price beyond the $0.00001225 level. 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Why is Pepe meme coin rallying? What’s next after PEPE’s ATH? Premium

Why is Pepe meme coin rallying? What’s next after PEPE’s ATH?

Pepe (PEPE) price shows signs of continuing its uptrend, but it might come after a correction. This short-term pullback could be used by sidelined buyers to accumulate PEPE for the next leg up.

More Pepe News

Grayscale launches new investment vehicles for NEAR and STX

Grayscale launches new investment vehicles for NEAR and STX

Grayscale announced the creation and launch of Near Protocol (NEAR) and Bitcoin Layer 2 Stacks (STX) single asset trusts. The company stated that the launch is an attempt to satisfy increased investors' demands for diversified crypto-asset exposure.

More Cryptocurrencies News

Ethereum on the brink of 75% rally as SEC approves ETH ETFs

Ethereum on the brink of 75% rally as SEC approves ETH ETFs

Ethereum (ETH) bounced back after a brief dip on Thursday as the Securities & Exchange Commission (SEC) approved spot ETH ETFs in a shocking U-turn. US lawmakers had earlier penned a letter to Chair Gary Gensler, urging him to approve the ETFs.

More Ethereum News

XRP set for rally after Coinbase listing in New York

XRP set for rally after Coinbase listing in New York

Coinbase's Chief Legal Officer announced the listing of XRP for its New York clients. XRP was initially removed from the exchange in January 2021 due to an SEC lawsuit on claims of the asset breaking securities regulation.

More Ripple News

Bitcoin: Is BTC out of the woods? Premium

Bitcoin: Is BTC out of the woods?

Bitcoin price shows signs of continuing its uptrend, providing a buying opportunity between $64,580 to $63,095. On-chain metrics forecast a bullish outlook for BTC ahead. If BTC clears $70,000, the chances of resuming the uptrend would skyrocket.

Read full analysis

BTC

ETH

XRP