Shiba Inu has partnered with a leading mobile upload platform that is ready to increase its adoption rate. Apart from that, there are tangible developments from the highly anticipated SHIB Metaverse. Will the price be able to support the news?
Shiba Inu opens to 150 million users in 160 countries
Shiba Inu continues its expansion across different platforms, outpacing other meme coin competitors. With the meme coin market at the forefront in recent weeks, Shiba Inu has also been making strategic moves to drive adoption.
Alpha Mobile Top-Up announced in a recent tweet that the Shiba Inu is now available for mobile phones and online shopping. The platform announced that it has joined Shiba Inu to serve its customer base. This new development further popularizes the use of the Shiba Inu. It will also allow it to be in a stronger position against other cryptocurrencies.
The Alpha Mobile upload platform is a Business-to-Business (B2B) solution that provides upload and data services for Web 3.0 focused business platforms as well as Blockchain companies and traditional businesses. The company currently serves more than 150 million customers globally through its partner network. Therefore, the partnership was quite an important step in the adoption of the Shiba Inu.
SHIB Metaverse starts on this date
Shiba Inu announced the official release date for SHIB: The Metaverse in April. Accordingly, the metaverse will open in December 2023 and will contain 100,595 plots printed by users.
“Although all development takes time, the MV team is confident that by the end of 2023 users will have the opportunity to explore, build, design, play and develop some areas in this fantasy world,” the developers said. However, not all areas of the metaverse will be fully completed as it is an ongoing project.
Bears cause another drop in prices after retesting resistance
Price-wise, SHIB bulls haven’t had a pleasant ride in the past two months. Range formation in March and April was followed by a severe downtrend in the second half of April and the bulls were unable to put up a real fight.
Data from Santiment showed that the average dollar investment age has been on the rise since late March. At the same time, the supply in the hands of the largest exchange addresses also fell. Together they probably showed accumulation by the bulls.
Still, the price is in a strong downtrend after the bearish market structure in mid-April. The 90-day MVRV also showed an extremely undervalued asset. The MVRV last dropped to these levels in November. However, further losses should not be overlooked with this data. The formation of a bullish divergence gave Shiba Inu bulls some hope, but it was unlikely to reverse recent losses.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.