It appears that evidently the favored meme coin Shiba Inu (which is the second largest one when it comes to market capitalization after Dogecoin) has once more develop into a pattern on the social media big purchased by Elon Musk this October.

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

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

— Ragnar Shib (@RagnarShiba) December 16, 2022

Here is what’s happening in SHIB ecosystem now

At the moment, there are two issues that the SHIB military is trying ahead to. That’s the Shiba Inu Metaverse, which is being developed by the SHIB group 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 group. Nevertheless, there is no such thing as a even approximate launch date for Shibarium that has been introduced by the builders but.

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

SHIB market motion beneath 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 could elevate the rate of interest once more, this time it could be a smaller elevate of fifty foundation factors. 

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