The price of Shiba Inu token has lost another 10 per cent of its value in 24 hours, after rocketing by 36 per cent on Monday.
Monday’s growth came after the coin’s developers announced a gaming partnership.
However, it dipped back to $0.00042 on Wednesday.
The meme cryptocurrency has failed to regain the heights of its $0.000088 record in late October.
But investors will now be hoping it is back on the uptrend, as it looks to venture into the metaverse.
What’s going on with Shiba Inu?
Shiba Inu now has over one million investors. The milestone appears to have prompted its developers to explore further growth, with a move into gaming and the metaverse.
Metaverse-related coins like SAND and MANA have been booming in popularity over the last month, after Facebook announced it was changing the name of its overarching company to Meta.
CEO Mark Zuckerberg also made a number of comments about the metaverse – a digital universe that allows humans to interact as avatars, letting people work, shop, learn and play in virtual reality spaces without being physically together.
He told…
