- SHIB: The Metaverse introduces a fishing game, setting the stage for an in-game economy.
- Despite broader market challenges, Shiba Inu is expanding its metaverse, aiming for long-term growth.
Shiba Inu’s metaverse project, SHIB: The Metaverse, is expanding with a play-to-earn fishing game designed to establish an in-game economy. The game will allow players to collect, trade, and utilize in-game currency while enhancing their fishing skills.
Holders of TREAT, a Shiba Inu ecosystem token, will be granted early access before the full launch. Meanwhile, SHIB’s price has struggled amid broader market downturns, leaving analysts divided on its future trajectory.
Fishing Game to Drive SHIB: The Metaverse Economy
Shiba Inu’s Marketing Lead, Lucie, introduced the new fishing mini-game, emphasizing its role beyond simple entertainment. The game is designed to serve as the foundation for a broader in-game economy within SHIB: The Metaverse. Players will need precision and skill to advance through the ranks, unlocking new abilities as they progress.
Shiba Inu Lays Groundwork for SHIB: The Metaverse In-game Economy with Its Latest Fishing Game https://t.co/5LRx09UoSs
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) March 11, 2025
The game features an inventory system, allowing players to manage their catch effectively. Players can also hunt for rare and exclusive fish or items, earning special rewards. Additionally, the team has promised special perks for SHIB: The Metaverse landowners. While the in-game assets hold no real-world value, they will play a crucial role in the metaverse’s economic framework.
At launch, TREAT holders will gain early access, receiving premium fishing locations and exclusive rewards. The official release date for the early access phase has not been announced yet.
SHIB’s Price Struggles Amid Market Uncertainty
SHIB has faced significant price declines, dropping 28.88% over four days to $0.000010 before recovering to $0.000012. Since March 2024, it has lost 65.8% of its value, mirroring the broader downturn in the crypto market. Macroeconomic conditions, including inflation concerns, Federal Reserve policies, and global trade tensions, have influenced the decline.
A renewed trade war between the United States and the European Union, along with additional tariffs on Canada and Mexico, has weakened investor confidence. Risk appetite in the crypto market has diminished, causing SHIB and other digital assets to experience large outflows.
Meme coins like SHIB are particularly volatile, with sharp price swings driven by market sentiment. The uncertainty surrounding inflation and the labor market further complicates SHIB’s recovery prospects. If global economic conditions improve, risk assets like SHIB may regain momentum, but continued instability could lead to further declines.
Analysts Divided on SHIB’s Future Outlook
Crypto analysts remain split on SHIB’s long-term trajectory. TheHunters_Company, a popular market analyst, predicts that SHIB could rally by 531% to reach $0.00007380, based on Fibonacci projections. This optimistic forecast suggests that SHIB could see a strong resurgence if market conditions turn favorable.
On the other hand, CoinCodex has issued a bearish outlook, predicting that SHIB could drop another 15% to $0.000009971 by June 2025. This projection reflects the uncertainty surrounding the crypto market, where external economic factors play a significant role in price movements.
Despite these challenges, the Shiba Inu team remains committed to the project’s long-term vision. As discussed by ETHNews, Lucie has reaffirmed this commitment by stating that SHIB is to its ecosystem what Bitcoin is to the broader crypto market.
