Shiba Inu (SHIB) Presents Fireside Chats on Discord as SHIB Burn Rate Intensifies

It’s getting hot in here for Shiba Inu (SHIB), as the #12 cryptocurrency by market cap continues the hard work on SHIB: The Metaverse. This time, it’s a conceptual art reveal for the WAGMI Temple. In addition, the Shiba Army is waiting on the Layer-2 solution for Shiba Inu (SHIB) – Shibarium.

A Warm Fireside Chat with Shiba Inu (SHIB)

The major announcement of Fireside Chats on Discord comes just days after WAGMI Temple was released, the Zen-inspired building in the upcoming metaverse. In addition to revealing the WAGMI Temple, the team shared six black and white sketches to showcase the calming environment of the first HUB.

WAGMI stands for We’re All Gonna Make It. The first digital cultural hub by Shiba Inu (SHIB) inspired an online conference, as the official blog reads: “The Metaverse team will broadcast Fireside Chats throughout portions of the Metaverse creative process in order to address questions, ideas, inspiration.”

The WAGMI Temple Fireside Chat will take place on September 8th, 2022 at 8 PM EST. The SHIB metaverse team will introduce themselves and reveal a few thrilling things, including the name of the next HUB.

Over $85M of Shiba Inu (SHIB) Up In Smoke

With many exciting upgrades coming, including the stablecoin $SHI and $TREAT, it is little to no surprise that there’s a massive spike of 205% in the SHIB burn rate in the last 24 hours. At the time of publication, there’s been a colossal amount of $85,342,923 of Shiba Inu (SHIB) set ablaze. Moreover, the amount sets a stupendous milestone at $1.12B of Shiba Inu (SHIB) in weekly terms.

There’s been plenty of factors for such an uptrend, including SHIB SuperStore and the rise of $BONE. Moreover, the upcoming SB Visa Card, as announced by the Shibburn portal a couple of months ago, will have an automated burning function.

Nonetheless, the solid performance of the SHIB burn rate is slightly reflected on the price, as the dog-themed memecoin trades at $0.00001237, which is 2.2% less than 24 hours ago. Shiba Inu (SHIB) managed to survive against the bloodthirsty bears and regained 4.3% since last week, but is still 8.6% in the red for the fortnight.

On the Flipside

Why You Should Care

With the prominent success of the card game Shiba Eternity, other projects by Shiba Inu (SHIB) aroused public interest as well. As a result, Shiba Inu (SHIB) became the largest memecoin community on Twitter, surpassing Dogecoin (DOGE).

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Author

Tadas Klimasevskis is a reporter, focusing on the latest tendencies of the crypto galaxy. He spends his time digging deeper into specific areas like meme coins such as Shiba Inu (SHIB) & Dogecoin (DOGE), music NFTs, sports NFTs, digital art and Pop culture in Web 3.0. Tadas strongly believes in crypto as disruptive innovation and keeps an eye out for new crypto hubs being developed around the globe. His vast experience in social media lets him quickly spot what’s going on in the mercurial world of crypto and deliver stories with unique spins. He has been active in blockchain and cryptocurrencies since 2019.