Could be any coin family, we have good news, we have bad news, and everything else in between in today’s blog. but do stay tuned until, the very end because, we do have something extremely exciting to talk about when it comes to shibarium a massive announcement and of course a ship the metaverse as well and how this is all going to be tying together in a massive way. Now I want to start with the fact that, Shiba Inu coin is indeed down 3.38 on the day and this is following Jerome Powell of the Federal Reserve raising the interest rates by 25 BPS.
Now what does this mean well, essentially it means that inflation isn’t where it needs to be consumer credit card debt is rising and the average investor has less money to throw into cryptocurrency. So some of the larger whales did sell off some Shiba Inu coin following that news as did a decent amount of retail as well. Now of course that’s not the greatest news because, following this we also got another announcement that Federal Reserve chair Jerome Powell is saying that, the FED officials don’t see rate Cuts, this year meaning that what we’re most likely going to see a couple more raid hikes during the 2023 year and of course, we’re also not going to be seeing any cuts which is kind of bearish for markets.
It kind of shows that, the next Bull Run most likely will actually be starting in 2024. so that’s something to keep in mind, if you are in the investing space whether, it’s crypto real estate or Shiba Inu coin it’s gonna be a great time to accumulate, during the bear Market you just want to be very smart with your finances and not spend unnecessary income because, well the average person is going to have less money in their pockets as credit card rates are high mortgage rates are high Etc.
But following all of this, we do have some great news that’s, currently happening Shiba Inu coin is getting listed on some Japanese exchanges that are actually having many users on their exchange. so, this is extremely bullish, we’re tapping into a new markets and Shiba Inu coin restaurants are actually continuing to open up as well, following this as well but perhaps the most exciting news of today guys, is that the shiba inu shibarium layer 2 blockchain is going to be launching on the ship.
The metaverse to process transactions at lightning speed and also incredibly cheaply now, I think many people knew this was most likely going to be the case. but, getting this confirmation from shaitoshi kusama is extremely bullish. because, now we know how big shibarium really is going to be not only is it going to be burning tons of Shiba inu coin but, it’s going to allow so much development and innovation in our entire community and the fact that, the metaverse which is probably going to be the largest growth factor in the entire Shiba Inu coin ecosystem is using shibarium really brings up the potential of shibarium to get to the 20 30 even 40 billion market cap range in the next 12 months to two years and that my friends is extremely exciting.
This is something to look forward to if you’re in Shiba unicorn, you’re going to be wanting to get a lot of bone right now. because, bone Powers shibarium everyone’s gonna need that, if they want to interact on this ecosystem, so that is going to be the largest growth Vector where I see that 20 to 40 billion market cap happening in the next couple of years. now, with that unicorn is still going to be hyper deflationary should be unicorn is still going to be an incredibly strong investment in my own personal opinion but that’s not Financial advice.
