Shiba InuMemecoins like Shiba Inu are going up while Crypto giants face a fall in price.

The Russia-Ukraine war led crypto giants to fall in price suffering from exceptional loss. But, experts have revealed that the picture was quite the opposite with Shiba Inu. As the war provoked a widespread sell-off of cryptocurrencies worldwide, the price of Shiba Inu suddenly jumped 40% high. It helped the coin to overtake Polygon, which was top of the crypto gainers chart. It is being predicted that the Shiba Inu coin currently valued at about $0.00001962 will reach $0.000088 by the third quarter of 2022.

A Brief about the Coin

Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." Ryoshi says himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming. This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin. Vitalik Buterin was long believed to be the originator of Shiba Inu but denied such rumors on the Lex Fridman podcast on June 5, 2021. Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin's Srypt-based mining algorithm. Shiba Inu and the SHIB token are part of a swarm of dog-themed cryptocurrencies, including Baby Dogecoin (BabyDoge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token (LASM). These lesser-valued tokens have attracted investors who missed the Dogecoin pump from 0.0002 to nearly 0.75 USD.

Shibverse! 

Amidst the hike in value, the official Shib coin Twitter account tweeted the announcement Monday, saying that there will be a new, immersive space for Shiba fans. The tweet read, “In 2022, we are reaching new heights and welcoming the #Shiberse. An immersive experience for our ecosystem and the Metaverse space!” This announcement has excited the Shiba Inu community and brought a ray of hope amid the market downturn. Social media is flooding with posts about the latest SHIB update and how the upcoming metaverse will change the fortunes of the tokens