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welcome back to shib Kai everyone Shiba Ina burn is confirmed by Google's CEO prepare to never work again the news on Monday at South by Southwest hours following the demise of Silicon Valley Banks which threaten the viability of most tech businesses hundreds of Festival attendees filed into a virtual Zen Escape complete with charming bamboo and Cherry Tree forests that sued in the wind as well as an iconic Monument honoring the Japanese hunting dog breed known as the shiba en which was given the name W agmy temple in reference to the cryptocurrency catchphrase were all going to make it in this video the Google CEO verifies the shiba inu burn it provided a break from the collapsing Financial ecosystems and the first Glimpse at the metaverse being constructed by the creators of the shba euu money prepare to never work again remember to give this article a massive thumbs up without further Ado let's get started with the video share and subscribe to the channel to view our most recent information on Expert analysis and price predictions for Shiba decentralization of cryptocurrency amid Bank runs like Fridays is unavoidable as more people become aware of this and choose to diversify that 5% Global adoption number increases Sher kusuma the enigmatic lead developer of Shiba Inu who goes only by his pseudonym and uses an avatar of a hooded figure in a long cloak tells Fast Company via Google meet that he has turned off his video camera and is typing into a chat bar without speaking aloud he sings Banks fractional reserves web 3 enthusiasts continue to be a specialized portion of Twitter but inside the crypto Dean's ship may have inspired the most cult-like fan base producing two when a the tokens conception began as a joke two years ago with the intention of creating a Dogecoin killer to surpass the Rival meme based token Dogecoin however its devoted supporters known as the Army couldn't have been more serious together they propelled shabbu into the top 10 cryptocurrencies at one point with a 44 billion doll market capitalization all thanks to a social media rally and the launch of shibba swap a decentralized exchange platform along the way the universe of the token has grown to include 10,000 Sher nfts pixelated Shibu characters with various accessories such as a pirate hat or a pizza slice hanging from the dog's mouth it was the third most Googled cryptocurrency globally now Shibu is taking its biggest leap yet with its layer to blockchain called sheram which rolled out in beta last week along with a set of new tokens in preparation for a flagship metaverse ship the metaverse which will open with its first virtual storefront for rock and roll fashion designer John richm Shibu also won shoutouts from ethereum founder of a talet buttering and crypto influencer Elon Musk what started as glib trolling by the main C Crow has grown to 3.6 million followers on cryptocurrency Twitter who are also some of the loudest on a platform quick to dock pile onto news blasts the strange mythology surrounding Shiba enu adds to their Allure their founder Rosie was also veiled in mystery before abruptly disappearing from the internet last summer his ironically cat-shaped Avatar vanished from Discord but he didn't Disappear Completely Rashi left behind a road map that Sher joined after the token had amassed 6,000 wallets but before musk's tweet sentage skyrocketing has been following ever since Sher metaverse land plot sales fund metaverse development the team has not yet decided on the tokenomics for leash and bone or if they will keep a share they have not disclosed whether they take a cut of the transaction fees from shibba swaps and the money from Sher nft sales is spent elsewhere Venture Capital but the ship's biggest boast is its Community a term that appears frequently in magazine interviews blog postings and tweets as led advisor Marcy gastro ship metaverse tells Fast Company the team hired a company to build the metaverse using Unreal Engine software and even as they plotted they're taking into account feedback from the ship Army however there isn't a creative director on board so they first create concept art in black and white sketches publish the drafts on a Blog and wait for social media activity before making constant changes to the coloring and rendering in 3D the first of the 11 zones under development the wmi temple is an unspoiled Fantasy Land complete with grazing deer and outdoor yoga the community even extends to other metaverses like the Central and the sandbox or yugal lab's other side which is typically seen as competition but jastro insists that the Pioneers must come together for a space as meaningful and transformative as the metaverse she Compares it to the early days of virtual reality saying that while it might seem overly friendly particularly during the lean times of the cryptocurrency winter when Venture Capital funding has frozen over and survival feels more Cutthroat than ever jastro is not incorrect because every metaverse struggles to sell people on the idea of living on a web 3 or even a 3D web 2 despite Mark Zuckerberg's fervent campaign for Horizon world's meta people are now more focused on artificial intelligence than the metaverse so what's good for one may be excellent for all the idea on which Zuckerberg Stak his company's reputation following the metaverse division's $ 13.3 billion loss in 2022 grayscales to Central and ETF was trading at a discount of 60 cents on the dollar late last year various metaverse coins are down by as much as 80% with a total of 589 trillion tokens in circulation and a price of 0.000000001 central an arguably the leader in the space has only 8,000 daily active users with its present market capitalization of $6 billion Shibu would have an amazing implied valuation of $589 trillion much above even the gross domestic product if the token were to hunt for a value of $1 per token as previously projected shu's most recent developments keep making headlines due to the increased demand for Shiba Inu Shiba Inu has become more and more popular among investors who are drawn to its potential for large returns Shibu the token powering the second largest mean coin flew 15% to trade at 0.120 at the time of writing Shibu price retested critical descending Trend trend line support earlier in March and rebounded implying the trend was ready to changeed northwards before the correction to 0.000000001 which coin exited with the trend line of course any serious investor will realize that such a price would not be attainable without drastic reductions in Supply but many crypto enthusiasts are enticed by the potential profits of investing in this unique Millennial driven cryptocurrency given its current low price and high potential rewards despite the recent double digigit surge shib had emerged in January Rising 96% to a new yearly high of 0.000000001 15 1576 by early February a few boxes need to be taken by Shibu before investors can be certain that a new bull market has begun with a market capitalization of $6.6 billion the second most popular main coin is currently trading at 0.00000000 001120 over the past 24 hours in spite of the immediate resistance a break above the 100 day exponential moving average is still necessary for ship to maintain the breakout from the falling trend line shu's trading volume has increased by 30% to $321 million suggesting that investors are piling in more money as they expect a much larger move in the price over the next few days important momentum metrics such as the convergence of the moving average after the market as a whole in schwaba Inu were dumped o to Silicon Valley Banks failure Divergence revealed a Resolute bullish face the daily time frame chart showed a Buy Signal from the ma on the for our chart the ma maintains the Buy Signal while remaining above the main line the price of the shiba enu is above the 100 day moving average 100 EMA which is at 0.111 on the 4-Hour chart keep in mind that the 100 EMA is the immediate resistance on the daily chart a daily close above 0.111 could confirm that support is intact and the path with the least resistance is to the upside that concludes today don't forget to smash the thumbs up buyers are determined to hold on to the precious gains this time especially during this week's recovery ahead of the Federal Reserve decision on a possible interest rate hike on March 22nd to view our most recent content please like And subscribe to the channel
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