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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
The cryptocurrency market has been looking extremely gloomy recently. Digital currencies, including top memecoins like Shiba Inu and Dogecoin, are on an oscillation. Shiba Inu's, whose price has soared in 2022, was trading at $0.000022, down over 6% in the past 24 hours. According to Coingecko, Shiba Inu, and Dogecoin have lost over 30% valuation in the past month. Although Dogecoin and Shiba Inu are predicted to make a comeback once the market recovers, but it's still uncertain how long will it take? Meanwhile, some Sectors like Metaverse continue to defy market sentiment. Metaworlpad, a newly launched metaverse crypto, has increased over 850% in the last two weeks since its launch.
Metaverse is among one of the fastest sectors in cryptocurrencies. MetaworldPad will lead the growth of this maturing sector by providing a platform where the project developers and investors can unite to develop high-quality, vetted metaverse project's from scratch. The key benefit for MetaworldPad's token holders is early access to new metaverse presales at discounted prices. Metaworldpad token holders also earn up to 9% from all transactions in USDT as stable passive income. Using a DAO voting system, the community will decide projects to be listed on the launchpad. Other utilities of the project include tokenization, NFTs infrastructure, and Play-to-earn games.
Shiba Inu developers are working on a scaling solution called Shibarium and jumping into Metaverse, which will give an edge to the cryptocurrency. Shiba Inu (SHIB) may be one spot behind Dogecoin (DOGE), but its returns were far greater than its biggest rival, Dogecoin. Shiba Inu saw a staggering increase of 70,200,000% from the beginning of 2021 to the end of October 2021. Investing only $1 in SHIB would have made its investor a millionaire.
SHIB's price saw a decline of 11% over seven days. According to predictions, The major shift of Shiba Inu from a memecoin to a utility-backed token could trigger Shib's price, and SHIB could reach US$0.000033 in 2022. According to data shared by WhaleStats, the largest Ethereum whales hold over $1.4 billion worth of the Shiba Inu, and the top 1,000 whales by assets are further buying and increasing their Shiba Inu holdings. For instance, Steven Cooper, CEO of Bigger Entertainment, recently supported the SHIB community in burning 10% of Shib's circulating supply.
