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Shiba Inu investors seem more bullish on burn portal, not Metaverse

Admin May 5, 2022 2 min read

The Metaverse project of the Shiba inu project team is not under better level consideration among the crypto Investors, which is an unfortunate analysis.

Shiba Inu is a popular meme coin, which entered the crypto industry without any concept use in August 2020. Thanks to Elon Musk’s shoutout, which helped this coin to grab traction in the crypto industry more likely than Dogecoin. Tesla CEO Elon Musk loves Bitcoin, Ethereum and Dogecoin only but still Shiba in token seems not ready to go down in terms of popularity like doge. 

On 27 April, Archangel, a member of Shiba in the project team, tweeted a poll for the Shiba inu token investors and lovers to vote for their main focus on the ongoing project of the Shiba inu.

Through the poll, Archangel asked the followers, which news was the bigger part of traction for them out of burn portal and Metaverse.

Around 61% of people voted in support the of Shiba Inu burn portal, while only 39% of people supported for Metaverse project.

Which was bigger news of the last two weeks? #SHIBARMY

— Archangel (@RealCryptoAngel) April 26, 2022

This poll result is showing that the majority of the Shiba inu token holders are willing to see huge numbers of Shiba Inu tokens burn, instead of the real use case of the token. However this poll result doesn’t reflect the long-term interest of Shiba Inu token lovers but still, it is enough to show that people are not ready to go with those things, which are not accessible and can’t be experienced  on a small scale. 

Recently, the Shiba inu project team unlocked the users to buy virtual land in the Shiba Inu Metaverse, Shiberse, with the use of the Shiba Inu token. 

And also a few days ago, ShibaSwap launched Burn Portal to reduce the supply of Shiba Inu tokens more rapidly. All the Shiba Inu token holders, who will contribute to the Shiba Inu token burn through the burn portal, will get a reward in the new coin RYOSHI VISION. 

Read also: Iconic fashion brand Gucci will accept Bitcoin

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