Shiba Inu has been accumulating value over the past two months. The price of the SHIB has bottomed out and returned to its pre-explosion price in the fall of 2021. However, investors’ sentiment remained bullish all thanks to Microsoft.
A Shiba Inu spokesperson said Microsoft’s recent acquisition is very similar to the SHIB developer’s vision. Things started turning rosier in the summer of 2021 thanks to the announcement of the decentralized exchange Shibaswap. This initiative has allowed users to earn passive income by betting on their holdings. This proves that the developers are completely absorbed in implementing the upgrade and have announced their partners in the development of the Shiba Inu Metaverse.
Microsoft’s Activision buy may help Shiba Inu’s cryptocurrency get out of the bearish stage and also drive profits by launching new products. However, Microsoft’s acquisition of Activision Blizzard for nearly USD 70 billion will significantly support Shiba Inu.
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