The Crypto market has been on a downward spiral recently. The value of digital currencies, especially popular memecoins like Shiba Inu and Dogecoin, is fluctuating. Shiba Inus, whose price has risen dramatically in 2022, were trading at $0.000022, down almost 6% in the last 24 hours. Shiba Inu and Dogecoin, according to Coingecko, have lost nearly 30% of their value in the last month. Although Dogecoin and Shiba Inu are expected to make a comeback once the market recovers, how long it will take is yet unknown. Meanwhile, other industries, such as Metaverse, continue to defy market expectations. In the two weeks after its inception, Metaworlpad, a newly created metaverse coin, has surged by over 850 percent.
Users who stake MetaworldPad tokens will get 18% of all transaction fees in USDT from the MetaworldPad token. Metaworld receives 6 USDT for each buy and 9 USDT for each sell, for a total of 12 percent for each buy and 18 percent for each sell transaction fee. The Metaworldpad token’s mission is to become one of the most popular and profitable BEP-20 tokens on the Binance smart chain, while also rewarding its holders with USDT.
The MetaWorldPad platform is an exciting new addition to the digital asset, virtual reality, and blockchain industries. It will aid in the development of future distributed business, commerce, and entertainment opportunities in virtual reality, similar to how it currently assists the Metaverse blockchain community in the development of new projects.
Shiba Inu has recently decided to venture into the metaverse in order to expand the utility of SHIB. The official name of the Shiba Inu metaverse is yet to be disclosed, however for the time being it’s termed ‘Shiberse’.
According to a recent Gartner research, one out of every four people will spend at least an hour every day in the Metaverse for work, shopping, and other purposes by 2026. Users can own avatars, land, digital clothes, and other objects in the planned NFT-powered metaverse, and migrate them across platforms using their crypto wallet. Users and producers alike will benefit from Metaverse’s economic potential, whether through play-to-earn games like (Shiba Inu’s Shiberse), making things that others may purchase as NFTs, or even inventing games and apps.
Metaverse is one of the most rapidly growing cryptocurrency sectors. MetaworldPad will drive the growth of this maturing sector by providing a platform for project developers and investors to collaborate on the creation of high-quality, vetted metaverse projects from the ground up. The primary advantage for MetaworldPad token holders is early access to new metaverse presales at reduced prices. As a stable passive income, Metaworldpad token holders can earn up to 9% of all USDT transactions. The community will decide which projects will be listed on the launchpad using a DAO voting system. Tokenization, NFTs infrastructure, and play-to-earn games are some of the project’s other features.
Shiba Inu developers are working on a scaling solution called Shibarium and jumping into Metaverse, which will give an edge to the cryptocurrency. Shiba Inu (SHIB) may be one spot behind Dogecoin (DOGE), but its returns were far greater than its biggest rival, Dogecoin. Shiba Inu saw a staggering increase of 70,200,000% from the beginning of 2021 to the end of October 2021. Investing only $1 in SHIB would have made its investor a millionaire.
SHIB’s price saw a decline of 11% over the last seven days. According to predictions, the major shift of Shiba Inu from a memecoin to a utility-backed token could trigger Shib’s price, and SHIB could reach US $0.000033 in 2022. According to data shared by WhaleStats, the largest Ethereum whales hold over $1.4 billion worth of Shiba Inu, and the top 1,000 whales by assets are further buying and increasing their Shiba Inu holdings. For instance, Steven Cooper, CEO of Bigger Entertainment, recently supported the SHIB community by burning 10% of Shib’s circulating supply.