Will Shiba Inu Reach $1 With Launch of Metaverse? Bullish Shiba Inu Price Prediction Indicates Breakout While PlutoChain Attracts Even More Whales – Shiba Inu News Today

They recently revealed that over 100,000 virtual land plots will be available in the Metaverse, which offers users opportunities to build and monetize in its digital ecosystem.

With excitement building, many wonder if this move could push SHIB closer to the $1 mark.

Meanwhile, PlutoChain ($PLUTO) could turn heads as a rising project.

This Layer-2 solution may bring smart contracts and decentralized apps to Bitcoin’s blockchain, which could activate new possibilities for the world’s leading crypto.

Let’s check out the deets.

Technical Data Analysis Reveals – Can Shiba Inu Hit $1 with Metaverse Launch? 

Shiba Inu (SHIB) has released some major new developments that could influence its future trajectory.

The launch of “SHIB: The Metaverse” introduces over 100,000 virtual land plots, where users can monetize them in a digital space.

Shytoshi Kusama, SHIB’s lead developer, has announced plans for a 44-episode podcast series in 2025, to get into SHIB’s technological advancements and future plans.

This virtual world could impact the token’s use and appeal, which has many wondering if this could drive the price up to $1—something that’s long been a goal for Shiba Inu users.

While SHIB has gained some momentum, reaching $1 would still be a huge challenge.

At the moment, SHIB is trading at about $0.00002106, with a slight decrease of around 0.04% over the past day.

The next resistance level (a price point SHIB would struggle to surpass) sits around $0.0000222.

If SHIB can break past that, it could open the door for a climb toward $0.0000233. On the downside, if the price drops below $0.0000207, it might struggle to stay above its current levels.

Analysts have varied opinions on SHIB’s future price movements.

Experts at Changelly predict a potential increase to $0.0000377 by December 31, 2024, representing a 70.98% rise.

A recent tweet from user @frienndShib shared Fibonacci-based price targets for Shiba Inu (SHIB). According to the post, the short-term target for SHIB is set at $0.00003265, while the long-term target could reach $0.00004349.

Is PlutoChain the Solution for Smart Contracts on Bitcoin? Here’s How This New Layer-2 Project Works

PlutoChain ($PLUTO) is rolling out a Layer-2 solution that could improve Bitcoin’s blockchain by potentially making it compatible with smart contracts and decentralized apps (dApps).

Bitcoin’s slower 10-minute block time has always been a barrier to supporting these advanced features, which is why faster blockchains like Ethereum and Solana have gained popularity.

PlutoChain could change that, offering transaction speeds as quick as 2 seconds on its L2 chain.

This would open the door for developers to tap into Bitcoin’s solid, decentralized network to build new applications, potentially broadening Bitcoin’s reach and role in the blockchain world.

PlutoChain is packed with features that could truly change the way Bitcoin operates. Its testnet is already handling over 43,200 transactions a day, showing it’s scalable and ready for actual use.

One of the platform’s key strengths is its community governancemodel, which lets users vote on updates to the protocol. This ensures the network stays decentralized and in line with what the community wants.

PlutoChain has also built trust by passing audits from well-known firms like SolidProof, QuillAudits, and Assure DeFi.

Additionally, its compatibility with Ethereum’s Virtual Machine (EVM) could connect Bitcoin’s security with the flexibility of Ethereum, which might open doors for new projects in DeFi, NFTs, and AI.

Final Thoughts 

While Shiba Inu’s metaverse launch may capture attention, other projects could be more interesting to keep an eye on in the upcoming months.

By introducing a Layer-2 solution for Bitcoin, PlutoChain could bring smart contracts and decentralized apps to the biggest blockchain.

While Bitcoin is renowned for its security, this innovation could address its speed limitations, potentially unlocking new possibilities for scalability and functionality.

This article is not financial advice. Past results are not indicative of future returns, and the crypto market is inherently unpredictable. Readers must conduct their own thorough research before purchasing any crypto coin or token. These forward-looking statements are subject to risks and may remain unchanged.

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.