Key Doge Killer Takeaway
- The creators of Shiba Inu unveiled a virtual real estate called Shiba Lands in an announcement made Tuesday.
- In doing so, they also promised free lands on the metaverse for LEASH holders.
- LEASH is a ticker which represents ‘Doge Killer,’ a meme cryptocurrency that aims to become a Dogecoin killer.
LAGOS (CoinChapter.com) — Doge Killer (LEASH), a native token on ShibaSwap, has skyrocketed by over 46% after Shiba Inu announced its metaverse project.
Following the metaverse announcement, LEASH’s price surged to almost $2,000 on Wednesday after trading near as low as $1,150 a day before. Nonetheless, the token corrected lower to below $1,800 on profit-taking sentiment near its sessional highs.
Currently, LEASH’s price has dropped by 3.1% as the entire crypto market plummeted after failing to sustain the recent bullish climb. In addition, the overall crypto market volume in the last 24 hours has declined by 22.8 percent to $69.25bn on February 13.
However, the Doge Killer token hourly price chart indicates progress as it was starting an upward climb, trading at around $1,400 on the hour. As a result, it is safe to say more profit is on the way.
Meanwhile, Doge Killer’s uptrend has been credited to several factors, but the main reason is the Shiba Inu metaverse announcement. However, it is important to note that Shiba Inu’s decision to burn a substantial amount of SHIB tokens has positively affected its ecosystem.
Shiba Inu Introduces Metaverse Real Estate
The project, which aspires to be an Ethereum-based alternative to Dogecoin, announced plans to launch a virtual real estate in the metaverse known as Shiba Lands. According to the announcement, Shiba Lands will be available for purchase or auction using Doge Killer (LEASH) tokens.
Hence, the massive rally of LEASH tokens. In a press release, Shiba disclosed that LEASH holders would be given priority to buy land plots in its metaverse.
LEASH currently has a total supply of 107,646 tokens, suggesting that massive demand for the Doge Killer token will arise. In addition, the crypto platform explained that it is developing a queue system to prevent bots and gas wars.
It is also working on what it described as an “anti-dump system” designed to protect its community and token holders. The initiative will ensure token holders’ investments are secured, and they get value for their assets.
“Overall, our focus is not only to disrupt the Metaverse industry but many industries in and outside the crypto world. Therefore we are early, but most importantly, our Metaverse serves as the anchor in our sustainable ecosystem,” Shiba Inu said.
More Organizations Will Build In The Metaverse
The crypto community has also expressed delight with Shiba Inu’s decision to develop virtual real estate in the metaverse. Furthermore, several individuals opinionated that more companies and global institutions will also join the metaverse to guarantee their place in the future.
Duncan Gray, via his official Twitter handle, expressed excitement with the announcement. He noted that Shiba Land would aid Shina Inu’s native token growth.
Similarly, in a statement, Alexander Mamasidikov, co-founder of mobile digital bank MinePlex, lauded Shiba Inu’s move. He explained that the metaverse is currently in vogue, and more multinational companies will roll out plans to join the train.
He said, No one will want to be left out on the action as the metaverse will arguably subsume every major innovation that surrounds social interactions, community engagement and all, and with Shiba Inu boasting of a large community, shifting the memecoin’s experiences into the metaverse will be a major milestone for its growth in the near future.”
Shaun Heng, vice president of growth and ops at CoinMarketCap, also credited Shiba Inu metaverse launch for the token growth.
He said, “The Shiba Lands Metaverse news is quite significant for LEASH. As it essentially posits the crypto as an exclusive ticket into Shiba’s corner of the metaverse, whatever that will be.”
