As Bitcoin consolidates beneath the $48,000 mark, selected altcoins have used the opportunity to post significant gains. Notably, altcoins such as VeChain (VET,+14.35%), Zilliqa (ZIL,+67.35%), STEPN (GMT, +17.35%), MOBOX (MBOX, +13.01%), VeThor Token (VTHO, +15.84%), Bloktopia (BLOK, +40.85%), Mines of Dalarnia (DAR, +44%) are significantly up in the last 24 hours.
VeChain and VeThor Token are on the rise following positive investor sentiment as VeChain is added as a member of The Consumer Goods Forum (GCF). After yet another significant price increase, Zilliqa, which has been mostly under the radar for over a year, is on the verge of breaking into the top 60 cryptocurrencies by market cap, now ranking below Harmony (ONE) and BitTorrent-New (BTT).
It reached $0.164, its highest price since May 19, 2021, well exceeding the rest of CoinMarketCap’s top 100 cryptocurrencies.
Despite the broader cryptocurrency market’s poor performance, the crypto grabbed a lot of attention on March 26 after abruptly rising more than 100 percent in a single day. Despite some selling pressure, ZIL was able to keep the surge going, adding another 71 percent in the next three days.
It is worth noting that the rally came after Metapolis, a soon-to-be-launched Metaverse project powered by Zilliqa announced its tie-up with global talent awards app Agora.
In a March 30 blog post, the Shiba Inu team has revealed the details about its much-talked-about metaverse project called “SHIB: The Metaverse.”
There will be about 100,595 plot areas in the metaverse, some of which will be private. In stages, the plot lands will be unlocked. The team will unlock 36,431 plots during the initial phase, which will be divided into four tiers (“Silver Fur,” “Gold Tail,” “Platinum Paw,” and “Diamond Teeth”). Depending on the tier, prices range from 0.2 to 1 ETH. According to the developers, they wanted to use a neutral token for pricing.
While the trifecta ecosystem (SHIB, LEASH, and BONE) continues to grow and evolve, the Shiba Inu team promises that 2022 is aimed to be a year full of surprises with new implementations like Shibarium, which will be the Layer 2 (L2). It states that Shibarium will host the development of SHIB: the Metaverse, and SHI.
SHI, the upcoming stablecoin of the Shiba Ecosystem that hopes to open new investment opportunities through the system Shib is currently in progress. The Shiba Inu team caps it all to say that users who own land in SHIB: The Metaverse will be able to generate passive income, gather in-game resources, and generate rewards.
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