Shiba Inu Surges Higher Today on Metaverse Speculation

Prominent meme token Shiba Inu (CRYPTO: SHIB) has been on a volatile ride of late, to say the least. Today, the dog-inspired token was up 3.4% at 9 a.m. ET.

This move came amid what appears to be a more stable crypto market Monday morning. Most major cryptocurrencies are higher today, and some have even moved into positive territory for the week.

However, the key driver taking Shiba Inu higher today appears to be speculation around this meme token playing a role in the metaverse. Shiba Inu ambassador Shytoshi Kusama posted on Medium this weekend about a potential Shiba Inu metaverse game. Today, it seems investors are factoring in a more bullish outlook on Shiba Inu on this news.

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Source Fool.com