The Shiba Inu team has dropped hints about significant updates set to take place within the ecosystem that could see it overtake Dogecoin. This announcement comes amid SHIB’s impressive market performance recently, positioning the digital asset as a formidable contender to prominent cryptocurrencies like Dogecoin.
Shiba Inu Team Teases Game-Changing Updates
In a recent X (formerly Twitter) post, popular Shiba Inu marketing influencer, Lucie teased about upcoming plans set to launch in Shiba Inu’s virtual world, Shib The Metaverse. According to Lucie, the Shib team has put in place innovative plans for the virtual world, potentially aiming to further develop and improve the highly anticipated Metaverse.
Previously speculated to launch by the end of 2023, Shiba Inu’s metaverse remains unreleased, as the Shib team continues to keep the official release date under wraps. Nonetheless, indications of ongoing progress and developments within the metaverse persist, as evident in Lucie’s recent announcement of upcoming updates.
While the team is still working towards a potential launch, the Shib Metaversers has already achieved several milestones, opening land bids via its website and publicizing the Metaverse through its official X account.
In addition to Lucie’s remarks about the upcoming updates for the SHIB Metaverse, the Shiba Inu influencer has disclosed that one of its ecosystem’s soon-to-be-launched tokens, TREAT, would become an integral part of the Metaverse plans.
According to Lucie, SHIB’s solution powered by Zama will run on Treat, providing liquidity to Shiba Inu’s stablecoin, SHI. Additionally, the TREAT token will serve as a reward to individuals in SHIB The Metaverse.
SHIB Set To Overtake Dogecoin?
In a bold statement released via SHIB’s official X account, the Shiba Inu team has declared the demise of Dogecoin’s reign in the cryptocurrency space. According to the team, the Shiba Inu ecosystem is currently brimming with upcoming projects that could potentially transform the ecosystem and further solidify the cryptocurrency’s position in the market.
While the team has stated that specifics regarding the updates remain undisclosed, they have issued a compelling message to the broader cryptocurrency community: “Get ready for a new top doggo.”
Sharing a recent milestone achieved by the popular cryptocurrency, the SHIB team declared that “Dogecoin’s days were numbered,” emphasizing SHIB’s ascent to the position of the second-largest meme coin by market capitalization. The cryptocurrency has been steadily gaining ground against its primary rival, Dogecoin, experiencing substantial price rallies and heightened interest from investors and traders.
With more updates potentially set to take effect within the ecosystem, Shiba Inu could see its value surpassing Dogecoin’s. However, the optimistic outlook is yet to be confirmed, as SHIB is currently trading at $ 0.000025, and DOGE at $0.13, according to CoinMarketCap.
SHIB price begins recovery trend | Source: SHIBUSDT on Tradingview.com
Featured image from Analytics Insight, chart from Tradingview.com
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Author: Scott Matherson
