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Shibaverse (VERSE) Surges 162% as Metaverse Hype Grows

Shibaverse's VERSE token sees a significant price increase, driven by metaverse excitement and NFT sales. Explore the factors behind this surge and its implications for the Shiba Inu ecosystem.
Published on 2022-09-02

Shibaverse (VERSE) Sees 162% Daily Surge

The Shibaverse (VERSE) token has surged by 162% in a single day, capturing the attention of the crypto community. This rally follows another governance token in the Shiba Inu ecosystem, $BONE, which also saw triple-digit gains recently.

Genesis District Sold Out, Fueling Demand

The Shibaverse Genesis District, known for its photorealistic graphics, has sold out quickly. This has contributed to the spike in VERSE's price. The project's realistic visuals and immersive metaverse experience are attracting both investors and enthusiasts.

Growing Adoption and Listings

The number of VERSE holders has surpassed 4,000, signaling strong adoption. The token is currently available for purchase on ShibaSwap, but upcoming listings on major exchanges could further boost its price.

Supporting SHIB Burn Initiative

Shibaverse developers are donating 5% of NFT and land sale revenues to burn SHIB tokens. This initiative, combined with efforts from Shibburn and Shiba SuperStore, is expected to increase the SHIB burn rate significantly.

Market Performance Contrast

While VERSE and $BONE have seen impressive gains, the main Shiba Inu (SHIB) token has faced a 13% weekly decline. This highlights the dynamic and unpredictable nature of the cryptocurrency market.

Why This Matters

As blockchain companies compete in the metaverse space, tracking their progress is essential for understanding Web3 leadership. The Shibaverse's rapid growth and innovative approach make it a project to watch in the crypto space.

Stay updated on the latest developments in the Shiba Inu ecosystem and the evolving metaverse landscape.

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