In a recent tweet, the meme coin creator asked for a fast voting round to gather their agreement about the offer to cooperate with WEF on its worldwide Metaverse Policy. This request was made in response to the call to collaborate with WEF. As a result, he gave the population the assurance that everything depended on their choice.

At this time, over 18000 people have participated in the poll, and over 60% of those people have chosen to accept the offer of a collaboration with the WEF. Earlier, Kasuma had said that the WEF metaverse-related initiative will also incorporate Sandbox, Meta, and Decentraland in its scope of participation.

The price of the SHIB token continues to fall, despite the great progress that has taken place.

Price Movement of the Shiba Inu

Recent data from Coingecko, a crypto data aggregator, shows that the price of SHIB has decreased by around 2% over the course of the past seven days. According to the same statistics, though, it has seen a gain of 0.55% over the course of the last twenty-four hours and is presently trading at $0.00000903.

The consistently shifting market conditions have, without a doubt, made a considerable and unfavorable contribution to the value of the meme currency. As a result, based on its current market capitalization, it is currently rated 15th, falling from its previous position as the 14th most valuable cryptocurrency.

On-chain data reveals that Ethereum's top whales were amassing more of the cryptocurrency with a meme theme, despite the fact that Ethereum's performance has been lackluster. It is important to note that the entire holding of these whales constituted for close to 3.14 percent of the total holding of SHIB.

Their assets are projected to be worth a total of $70 million based on the current value of the market. In addition to this, there has been a considerable rise in the total number of addresses that are now being used to access the asset. The number has increased to over 130,000 at this time, having been over 80,000 in October.

The Shib Community Pins Its Future Expectations on Shibarium

The SHIB community is still looking forward to the launch of Shibarium, which is a Layer 2 scaling protocol that would be developed on top of the SHIB Protocol. According to the blueprints for its construction, the Shibarium would operate more as a standalone network.

In addition, Shibarium is equipped with a system that enables token holders to destroy their holdings in order to cut down on the cryptocurrency's excessive supply. A blockchain-based card game called Shiba Eternity was released in September, and right now it could be an option for the SHIB community to burn their SHIB tokens while they wait for the Shibarium to arrive. Shiba Eternity was released in September.

Notably, the Trading Card Game operates similarly to Shibarium and is essential for the process of burning SHIB tokens. The result is an increase in demand, which, in turn, causes a relative movement in the price of the token.