• Shiba Inu and SHIB The Metaverse team is set to open a WAGMI metaverse Temple for the community’s preview.
• It will be featured as an exclusive experience for attendees of a Virtual Reality/ Augmented Reality exhibition in March 2023. 
• Shiba Inu price is on track to break out of the ascending broadening wedge, potentially hitting $0.00001039 in a bullish scenario.

Shiba Inu, a dog-themed meme coin and Dogecoin competitor is gearing up to preview the first feature or so-called ‘HUB’ of their ecosystem’s metaverse at a Virtual Reality/ Augmented Reality exhibition in Austin Texas, in March 2023. 

HUBs are epicenters of activity within the metaverse, offering distinctive experiences rooted in different themes. Shiba Inu’s new offering is called the WAGMI Temple and it is the first of 11 HUBs attendees will have the opportunity to preview it in the Shib ecosystem’s metaverse. 

Also read: Peter Schiff urges Bitcoin holders to sell BTC above $19,000 after bullish start to cryptocurrencies in 2023

Shiba Inu and SHIB The Metaverse receive invite to VR/AR exhibit in Texas 

The Shiba Inu team has been invited to exhibit at this year’s SXSW XR Experience, in Austin, Texas. Shiba Inu’s metaverse hosts digital experiences and worlds where participants can own and monetize digital real estate, opening up new opportunities for investment and creator monetization. 

Immersion in the WAGMI Temple – named after the crypto rallying cry of “We’re All Going to Make It” – will offer attendees a realm with meditation, natural beauty, and spiritual connections in the metaverse. The experience will take the user through the history and discovery of SHIB token’s creation and its decentralized roots.

Sherri Cuono, Metaverse Advisor to Shiba Inu token was quoted as saying: “Each [HUB] offers special attractions that may only be experienced in that HUB. The common thread is extensive digital or digital-plus-IRL utility including activities, commerce, customization, expression, events, education, exploring and more. Users will be able to earn passive income, collect in-game resources, generate rewards, and even have their own space to build and manage their projects in SHIB: The Metaverse.”

With rapid development in its metaverse and ecosystem, the native token SHIB may be on track to witness a bullish breakout. 

Shiba Inu bulls prepare to push the meme coin to $0.00001039 

Shiba Inu price is in an ascending broadening wedge as seen in the chart below. The meme coin’s downward breakout target is $0.00000822, the lowest point on the lower trendline of the wedge, according to technical expert Thomas Bulkowski’s measurement rule. The upward breakout target is represented by C, at $0.00001039. 

SHIB/USDT price chart 

In the chart above, the zone between $0.00000900 and $0.00000940 is the key support for the meme coin as SHIB price resisted a drop below this zone and oscillated between the two levels for nearly three weeks from W3 Nov to W2 Dec 2022. 

Relative Strength Index (RSI), a momentum indicator signals trend reversals in assets. SHIB’s RSI is below the oversold region at 70. There is potential for a SHIB price rally, therefore bulls are cautiously optimistic as the meme coin climbs towards its upward breakout target. 

A decline below the lower level of the zone, at $0.00000900 could invalidate the bullish thesis and result in a drop towards $0.00000822.

Since the explosion of Dogecoin (DOGE) and the returns, its community has realised there have been iterations of the meme coin in crypto. Some follow the Dogecoin route and build purely a social token while others try to rally their community around causes using the meme coin as a means to finance and keep the community championing the cause. With these new strategies to create meme coins, there are some projects that stand out  and put a new spin on the crypto category. The trouble for investors is finding the narratives that stick or will build strong communities. Furthermore, investors are looking to find these projects when they are in the nascent stage so that they can ride it all the way to the top.

Three projects which have redefined the way meme coins operate and changed the culture are: Shiba Inu (SHIB), GM Wagmi (GM), and RoboApe (RBA). These coins are making an impact by driving a new narrative and building long lasting communities. They are bringing a deeper, more inclusive layer to crypto space. Here is a breakdown of these innovative meme coin projects.

Shiba Inu (SHIB)

Shiba Inu (SHIB) is a dog themed meme coin based on the Shiba Inu dog. This meme token was created in direct response to the success of another Shiba inu themed meme coin, Dogecoin. The Shiba Inu (SHIB) coin is billed as the “DOGECOIN KILLER” on its website and is listed on various exchanges, including ShibaSwap, its native DEX. The project was launched anonymously in August 2020 by a person or persons under a pseudonym, “Ryoshi.”

The SHIB token has spurred a host of copycat meme coin projects that want to emulate its success. Furthermore, it has built a strong and solid community that supports the token. Ethereum (ETH) founder Vitalik Butterin brought further popularity to the token by burning his share of the Shiba Inu supply, which was 50% of the total circulation at the time. This raised the token’s value and increased the community’s belief.

GM Wagmi (GM)

GM Wagmi (GM) is a meme coin that embodies the crypto ethos. GM and wagmi are both crypto words that mean “Good Morning” and “We Are All Gonna Make It”, respectively. With the crypto frenzy that took over in 2021, the infectious crypto spirit was bound to give birth to a crypto token. The GM Wagmi token is a project that hopes to capitalise on the popularity of these crypto communities to launch a token and build a strong following.

GM token is referred to as the first culture token because the project claimed it was launching off the existing crypto culture. The meme coin has since garnered massive support and was listed on multiple exchanges in the first week of its launch. GM has built a massive community behind its project and is poised to be a huge success.

RoboApe (RBA)

RoboApe (RBA) is a meme coin poised to change the crypto space forever. With its charity causes, organised gaming events, and RoboApe academy, the RBA token is set to have a lot of utility behind it. The project also aims to lower the barrier to entry of crypto by teaching newbies the concepts surrounding crypto and introducing them to these concepts in a low pressure environment. The RoboApe merch will unite its community by allowing them to commune in person.

The RBA token will power the RoboApe ecosystem by allowing its holders to access swaps and liquidity pools. This project is poised to increase in value and launch its token price to insane heights. To join this project, you can check out the official links and handles below.

Website: roboape.io
Instagram: https://www.instagram.com/roboape.token
Twitter: https://twitter.com/ROBOAPE_TOKEN
Telegram: https://t.me/ROBOAPE_OFFICIAL

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

 

Understand The Meme Coin Hype

Although cryptocurrency has been going viral on social media, it is meme coins that are breaking the internet. These are frequently used to publicise new blockchains.

Not only are meme coins very popular but these have proven to be extremely profitable as well. This is because the tokens can benefit from the popularity of trends, memes and other viral events.

There have been plenty of examples of meme coins that took advantage of a fleeting hype. An example of this is Omicron which was named after the COVID19 variant.

Earn With These Cryptos

Dogecoin (DOGE)

Launched in December 2013, Dogecoin is a decentralised finance (DeFi) token and peer-to-peer digital currency that allows investors to easily send money online.

As a meme coin, the DOGE token was designed to resemble a Shiba Inu. This Japanese dog breed was popularised as an online meme and later became a representation for Dogecoin.

Dogecoin is a community-driven cryptocurrency that allows investors to participate in the community. After its launch, the token did not take long to develop the money-making opportunities it offers today.

As of now, Dogecoin is the favourite platform of many and the project’s native token is one of the top ten biggest cryptocurrencies by market capitalisation.

Multi-billionaire Elon Musk is Dogecoin’s most famous supporter. Earlier this year, Tesla began accepting the token for merchandise purchases on the company’s website which ensures the future utility of DOGE.

The Dogecoin price today is $0,086897 with a market cap of $11.5 Billion.

GM Wagmi

Launched in November 2021, GM Wagmi is another very successful meme token and is based on the popular “gm” meme which took plenty of social media platforms (mostly Crypto Twitter) by storm in 2021.

The term ‘gm’ is the abbreviation for “good morning”. This is a customary greeting between crypto accounts on Twitter, irrespective of the time of the day.

Due to the popularity of meme coins across social media, the GM token has managed to take advantage of and cash in on the popularity of the “gm” meme.

The GM is an ERC20 token and is built on the Ethereum blockchains. It is the governance and utility token of the GM Wagmi community. The GM Wagmi price today is $0,000009 USD with a 24-hour trading volume of $2.8 Million.

Pac-man Frog (PAC)

Designed with the goal to create a соmmunitу for both nоn-сrурtо and сrурtо enthusiasts, the Pac-man Frog ecosystem was created to provide entertainment аnd generate maximum profits.

The network aims to become the strongest platform for DeFi, Gаmеfi, NFTѕ, and a DAO соmmunitу through its many innovative features.

Onе оf Pac-man Frog’s most praised features is the multiсhаin launchpad and gaming tokens. But the network is big on NFTs as its NFT marketplace and aggregator promise a smooth start to NFT launches. There, investors can also find pricing data for NFTs.

It further enables еаrlу-ѕtаgе ассеѕѕ to many cryptocurrency рrоjесtѕ for retail buyers. This is possible because Pac-man Frog encourages ѕtrеаmlining, motivating and mentoring virtual gaming рrоjесts.

But most impressively, the project lеvеrаgеѕ the Sоlаnа есоѕуѕtеm. This allows Pac-man frog to achieve fast low-cost transactions and so, investors can trade PAC аt a ѕрееd of more than 50,000 transactions per second with less than $0.00001 per transaction.

The PAC coin is Pac-man’s Frog governance and utility token. It launched on 30th March 2022 and is currently in its presale stage. This is your best opportunity to acquire the token for its cheapest price.

The market for meme coins continues to acquire popularity across every social media platform and cannot help but grow to massive levels. More investors are joining in the cryptosphere to acquire meme tokens and you should consider doing so too.

Join Pac-man Frog’s Presale:

https://presale.pacmanfrog.io/register

https://pacmanfrog.io/

 

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