The future of SHIB after its metaverse team expands and burn rate spikes 283%

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Shiba Inu (SHIB/USD) has become one of the largest meme-coins out there in terms of both market capitalization as well as project development.

What is dubbed the Dogecoin (DOGE/USD) killer has undergone numerous developments, where the teams are expanding in the Metaverse push, alongside an increase in its burn rate.

Metaverse team expansion and burn rate increase as catalysts for growth

Through an official announcement posted on the ShibaSwap’s blog on August 30, 2022, Shiba Inu announced an important update surrounding SHIB: The Metaverse. 

In it, the SHIB team announces that they have created two additional teams, which will play an integral role as an intermediary between the Shiba Inu community and the core executives of the project.

This represents the current structure constructed for the success and the development of the project:

  • Expert Metaverse Advisors – Marcie Jastrow, Sherri Cuono, David Kern
  • Shib: Developers & Project Lead Team – Shytoshi Kusama, Kaal Dhairya, Eric M

The main goal of creating these new teams is to establish a connection across all existing SHIB: The Metaverse structures, including the lead developers, expert advisors, and AAA studio. 

Furthermore, based on data from Shibburn posted on August 30, 2022, in the last 24 hours, there have been a total of 213,344,808 SHIB tokens burned and 14 transactions, which indicates that it has rocketed by 283% in the last 24 hours. 

Should you buy Shiba Inu (SHIB)?

On August 30, 2022, Shiba Inu (SHIB) cryptocurrency had a value of $0.00001267.

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When we go over its all-time high, on October 28, 2021, SHIB was worth $0.00008616.

However, when we take a look at how the cryptocurrency performed throughout the previous month, 

The lowest point of value for the SHIB cryptocurrency was on July 3 at $0.000009839.

Its highest point of value was on July 20 at $0.00001297.

Here we can see an increase in its value by $0.000003131 or by 32%.

With this in mind, investors might want to buy SHIB, as the cryptocurrency can reach a value of $0.00003 by the end of September 2022.

The post The future of SHIB after its metaverse team expands and burn rate spikes 283% appeared first on Invezz.

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