In the latest developments from Shiba, a new trailer has emerged about Rocket Pond, which will be one of the 12 centers of the highly anticipated new metaverse. The Shiba Inu team also shared tips on two fascinating new developments in the metaverse.
Shiba Inu team heralded new developments regarding the metaverse project
More details will emerge from Shiba’s metaverse project, SHIB: The Metaverse, in the coming weeks, according to a new blog post. The Shiba team released a new trailer on Twitter today showing what the metaverse will look like. The video below is of Rocket Pond, one of the 12 centers of the metaverse.
Attention all Shib-fans! Get your engines revved up for an exhilarating ride! We're thrilled to unveil the mind-blowing teaser video of Rocket Pond! 🎥 Brace yourself for a journey through the Metaverse like no other. Join us and get ready to be amazed! @mvshib #ShibTheMetaverse pic.twitter.com/FsuxlmMNAO
— Shib (@Shibtoken) June 7, 2023
Two more metaverse hubs announced
Ryoshi Plaza
Amid the excitement surrounding Rocket Pond, Shib also announced that another hub, Ryoshi Plaza, will soon appear. This center will capture moments unique to Japan’s rich cultural heritage. Rocket Pond had emerged rather as a center of entertainment and exploration.
Game Builder
Other than that, Game Builder, one of the pillars of Shib’s metaverse, takes center stage in this groundbreaking release. Game Builder is a user-friendly development tool with customization options. With the advanced physics engine, users will be able to build their own worlds using 3D models, game logic objects and custom game templates.
Does the SHIB price support the latest developments?
The Shiba Inu fell more than 5% to December lows on Monday. The drop came in the midst of the Binance lawsuit, which has angered the crypto market. Meanwhile, Bitcoin saw a sharp drop from $26,000 to $25,000. Solana and BNB were the biggest losers.
According to technical analysis, BTC’s weak state gives SHIB sellers more advantage in the market. Also, it has now reached the oversold territory on the RSI. This highlights the rising selling pressure recently when the meme coin was under.
SHIB price reaches expected technical level
SHIB also reached the critical $0.000008 price level, which analysts are calling the “Final Destination”. This level has long been seen as the region that would indicate the potential for a trend reversal for the SHIB. However, the uptrend that many investors rely on has yet to materialize. This raises concerns, especially among SHIB owners.
In the broader landscape, SHIB has been in a bearish trend for a while. Despite a few upbeat rallies, it did not experience a significant rise. This brought the SHIB price to a technically critical juncture. The $0.000008 price point is seen as a strong support level. It has often served as a springboard for price recovery in the past.
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