Plainly the favored meme coin Shiba Inu (which is the second greatest one when it comes to market capitalization after Dogecoin) has once more turn into a development on the social media big purchased by Elon Musk this October.

Twitter person, member of the SHIB group has shared that at the moment SHIB is trending with round 18,000 tweets associated to it a technique or one other.

#Shib is trending on #twitter yet one more time as normal ❤️ pic.twitter.com/lTYmK9kdw9

— Ragnar Shib (@RagnarShiba) December 16, 2022

Here is what’s happening in SHIB ecosystem now

At present, there are two issues that the SHIB military is wanting ahead to. That’s the Shiba Inu Metaverse, which is being developed by the SHIB staff in collaboration with The Third Ground visualization studio. 

The second is the layer two protocol for Shiba Inu referred to as Shibarium, which the lead developer Shytoshy Kusama is engaged on with the remainder of the staff. Nonetheless, there isn’t a even approximate launch date for Shibarium that has been introduced by the builders but.

As for the Metaverse, the dev staff has unveiled a number of new essential hubs that can permit SHIB Metaverse customers to get pleasure from a greater and deeper expertise of interacting with this digital world. These hubs had been revealed primarily within the type of idea arts. These embody Dunes, WAGMI Temple, Canyon, Rocket Pond, and so forth.

SHIB market motion below present sell-off

SHIB has been trending regardless of the sell-off within the crypto market that started earlier this week, when the Fed Reserve introduced it might increase the rate of interest once more, this time it might be a smaller increase of fifty foundation factors. 

Nonetheless, the crypto market started taking place with Bitcoin rolling again under $17,000 and Ethereum dropping below $1,200. Shiba Inu is now exchanging arms at $0.00000813 after a big 9-percent drop confronted at the moment.