Will Shiba Inu Become $1 When Metaverse Starts? Bearish Shiba Inu Price Prediction Means Breakout, and PlutoChain Brings in Even More Whales

Shiba Inu (SHIB) is getting ready to start “SHIB: The Metaverse,” a virtual space that could make the group more popular and useful.

They just recently said that the Metaverse will have more than 100,000 plots of virtual land. This will allow users to build and make money in its digital environment.

A lot of people are wondering if this move could bring SHIB closer to $1.

PlutoChain ($PLUTO), on the other hand, could become known as a growing star project.

This Layer-2 approach could add smart contracts and decentralized apps to Bitcoin’s blockchain. This could open up new options for the most popular cryptocurrency in the world.

Let’s find out more.

The analysis of technical data shows that Shiba Inu could hit $1 with the launch of Metaverse

Shiba Inu (SHIB) has introduced some important new features that could change its future course.

When “SHIB: The Metaverse” first comes out, it adds more than 100,000 plots of virtual land that users can sell for money in a digital world.

SHiB’s lead developer, Shytoshi Kusama, has announced that there will be a 44-episode podcast series in 2025 that will talk about SHIB’s technology progress and plans for the future.

Many people are asking if this could drive the price up to $1, which has been a goal for Shiba Inu users for a long time. The virtual world could change how the token is used and how appealing it is.

Even though SHIB is moving faster, it will still be very hard to get to $1.

Right now, SHIB is worth about $0.00002106. It has gone down a little over the last day, by about 0.04%.

The analysis of technical data shows that Shiba Inu could hit $1 with the launch of Metaverse.

Around $0.0000222 is the next level of resistance, which means that SHIB would have a hard time breaking through.

If SHIB can get past that, it might be possible for it to go up to $0.0000233. If the price falls below $0.0000207, on the other hand, it might be hard for it to stay above its current level.

Analysts have different ideas about how the price of SHIB will change in the future.

Changelly experts think it could go up to $0.0000377 by December 31, 2024, which would be a 70.98% rise.

Recently, @frienndShib sent out a tweet with price targets for Shiba Inus (SHIB) based on Fibonacci numbers. On the post, the short-term goal for SHIB is set at $0.00003265, and the long-term goal could be $0.00004349.

On the post, the short-term goal for SHIB is set at $0.00003265, and the long-term goal could be $0.00004349.

Is PlutoChain the key to making Bitcoin smart contracts work? This new Layer-2 project works like this:
There is a new Layer-2 option being released by PlutoChain ($PLUTO) that might make Bitcoin’s blockchain better by letting smart contracts and decentralized apps (dApps) work with it.

Bitcoin’s 10-minute block time has always made it hard to support these more advanced features. This is one reason why faster blockchains like Ethereum and Solana have become more common.

PlutoChain ($PLUTO) is a real project that will help people.

That might be different with PlutoChain’s L2 chain, which lets transactions happen as fast as 2 seconds.

Developers would then be able to use Bitcoin’s strong, independent network to make new apps. This could increase Bitcoin’s reach and importance in the world of blockchain.

There are many features in PlutoChain that could really change how Bitcoin works. Its testnet already handles more than 43,200 deals every day, which shows that it can grow and is ready to be used.

What’s Unique About PlutoChain?

The community governance model, which lets users decide on changes to the protocol, is one of the best things about the platform. This makes sure that the network stays open and follows what the people want.

A lot of people trust PlutoChain because it has passed audits from well-known companies like SolidProof, QuillAudits, and Assure DeFi.

Also, the fact that it works with Ethereum’s Virtual Machine (EVM) could link Bitcoin’s safety with Ethereum’s adaptability, which could lead to new projects in DeFi, NFTs, and AI.

Last Thoughts

People may be interested in Shiba Inu’s launch into the metaverse, but there may be more interesting projects to follow in the coming months.

PlutoChain might be able to add smart contracts and decentralized apps to the biggest blockchain by adding a Layer-2 option for Bitcoin.

This new idea could help Bitcoin’s speed problems, even though Bitcoin is known for being safe. This could open up new ways for it to be used and expanded.