As it stands today, Shiba Inu (CCC:SHIB-USD) has been on a downward spiral for over two months. In fact, SHIB prices are almost back to where they were before a fall 2021 explosion. And yet, there’s still reason to be bullish. Shiba Inu crypto holders are waking up and smelling the roses today, and it’s all thanks to Microsoft (NASDAQ:MSFT). As the company prepares its newest acquisition, a Shiba Inu spokesperson says the news is bullish for the SHIB community.
Shiba Inu developers have been making moves to beef up the project’s offerings. After long being criticized for its lack of use cases, things began changing in the summer of 2021. This is thanks to the introduction of the ShibaSwap decentralized exchange. This new initiative came with opportunities for users to earn passive income by staking their holdings.
In proving that developers are really dedicating themselves to these upgrades, they have announced their partners in developing the Shiba Inu metaverse. Australian game studio Playside Studios will handle the brunt of development, with Activision Blizzard (NASDAQ:ATVI) ex-patriate William Volk heading the ship.
Microsoft’s Activision Buy Stands to Help the Shiba Inu Crypto
There’s a lot lined up for the Shiba Inu crypto that will surely spur gains as it launches new products. Yet, news this week from the Microsoft camp could prove to help SHIB as well. The company, as it turns out, is acquiring Activision Blizzard in a deal worth nearly $70 billion.
ICYMI: This acquisition echoes our last move to bring aboard former Activision VP .@william_volk and hiring of .@PlaysideStudios to work on our game. It’s fun to see the big players share the same vision as a “meme coin” on the MV too. #bullish! #SHIBARMY https://t.co/KBOEWeG7q9
— Shytoshi Kusama™ (@ShytoshiKusama) January 18, 2022
Shiba Inu’s resident spokesperson, Shytoshi Kusama, took to Twitter yesterday to tell SHIB owners that the news is promising for the project as well. Of course, the SHIB network has its own Activision connection via William Volk. Kusama says the acquisition “echoes” Shiba Inu’s decision to bring in Volk. They also said that Microsoft and the project share similar visions, as evidenced by the news.
Kusama’s comments are helping to rally the community. Lots of replies to Kusama’s post show bullish attitudes toward the coming metaverse product. While the community gets excited over the connection, SHIB is paring a slight loss, trading down by a half a percent.
On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.