- Shiba Inu metaverse land bid event is around the corner; investors lock their LEASH or Shiboshi for access.
- The Dogecoin-killer's price could break out, reversing the recent downtrend in Shiba Inu.
- Analysts have predicted a 70% gain in Shiba Inu as the meme coin prepares for a trend reversal.
Shiba Inu is set to auction lands over the weekend, fueling a bullish narrative among investors. The Dogecoin-killer is ready to auction 36,431 land plots in its metaverse.
Shiba Inu to auction land in the metaverse over the weekend
Shiba Inu, the Dogecoin-killer, recently announced the sale of virtual plots in its metaverse. 36,431 plots of digital real estate will be up for sale over the weekend. Shiba Inu has announced the sale to its followers on Twitter.
Shytoshi Kusama, the lead developer of Shiba Inu revealed that metaverse lands could become available "really soon." Since Kusama's previous announcement, the metaverse with digital real estate has been under development.
Early Access Land Bid Event Starting Soon!— Shib (@Shibtoken) April 7, 2022
We are excited to announce the drop is almost here. Have you locked your $LEASH or #SHIBOSHI yet?
"Landing" this weekend keep an eye on https://t.co/56VsqOrDb1 ️! pic.twitter.com/PqUEl1ewLK
Shiba Inu's Shibarium has now moved to the next development phase, and layer 2 has hit a key milestone.
The #SHIB MV is coming #SHIBARMY! Lands are becoming available really soon and you can get in early by locking your $LEASH or SHIBOSHIS at https://t.co/klp5m8DaQL. (Wonder if you'll end up near my land?)— Shytoshi Kusama™ (@ShytoshiKusama) April 5, 2022
The metaverse is currently in the Alpha phase and could soon shift into the Beta phase. Developers are looking into further updates, in a year full of surprises for the investors.
The Shiba ecosystem has opened up new investment opportunities for traders holding the meme coin and LEASH. The meme coin is getting prepared to launch its burn portal and pull more SHIB out of its circulating supply.
FXStreet analysts have evaluated the Shiba Inu price trend and predicted a 70% in the memecoin's price. There is an Adam and Eve pattern in the meme coin's price chart. A daily close above $0.0000329 could push Shiba Inu price closer to breakout, offering buyers a 70% gain.
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.