Countdown Begins for Shiba Inu's Metaverse Project What Awaits Investors Xrp Price Today
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The #shibainu project is working on a metaverse called "Shib: Metaverse," which is expected to launch by the end of 2023. The metaverse will be developed on the Shibarium L2 network and will contain 100,595 virtual parcels of land. Landowners can earn passive income and collect in-game resources. The SHIB token will be used to purchase land and add images and logos to plots, burning SHIB tokens during the process. The project aims to discard the "memecoin" tag and become a serious player in the Web3 landscape.
In the legal realm, the SEC's appeal in the Ripple-SEC litigation concerning XRP's security status has caused some concern among the XRP community. However, XRP attorney John E Deaton believes that the appeal will take at least two years and the judge's decision will remain law until then. Deaton is confident that the appeal will not lead to a setback and believes the decision is a significant win for #xrp and its holders.
Regarding Stellar ( #xlm ) its price has surged around 60% since the Ripple win against the SEC. XLM and XRP have a high positive correlation, moving in tandem. From a technical standpoint, XLM's price rally has pushed its weekly RSI to its most overbought levels since April 2021, suggesting the potential for a sharp price correction in the coming weeks. In a bearish scenario, XLM price could decline, while a decisive close above the resistance confluence could lead to a rally. This information should not be considered as investment advice, and readers are advised to conduct their own research before making any decisions.