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Seeking Alpha 2021-12-06 13:54:58

Shiba Inu founder says upcoming coin supply reduction will enable metaverse entry



Meme coin Shiba Inu’s (SHIB-USD) token supply is expected to decline in the coming weeks due to a crypto burning process, though SHIB coins continue to decline even further from its all-time high towards the end of October, FX Empire reports. Meanwhile, Shiba Inu (SHIB-USD), with 549T total coins in circulation, slides nearly 10% to $0.000034 per token, according to data from CoinMarketCap. Shiba Inu’s (SHIB-USD) Founder Ryoshi says the anticipated destruction of coins will pave the way for the project to enter the growing metaverse space, FX Empire notes. Ryoshi says The Shiba Inu Core Devs is working towards developing its own metaverse dubbed Oshiverse. “The anonymous developer stated that “we are working on so many aspects of Shiba Inu including Shibarium, Shi Shibanet, The Decentralized Shiboshi Game, Incubator and much more that won’t become evident until the near future.” Previously, (Nov. 24) Shiba Inu market cap pulls back to 13th

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