Shiba Inu Price Poised To Reach $0.01 With Shibarium Upgrade, These CEOs Say
August 04 2023 - 5:28AM
NEWSBTC
Shiba Inu (SHIB) is experiencing a remarkable surge in its upward
movement, fueled by growing anticipation among meme coin
enthusiasts for the upcoming introduction of Shibarium, an
innovative upgrade to its layer 2 blockchain. Scheduled for
release this August, Shibarium holds the key to addressing the
prevailing scalability and network congestion issues that the Shiba
Inu blockchain currently grapples with. Its primary objective is to
propel the SHIB token to unprecedented success. Related Reading:
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While investors in Shiba Inu eagerly anticipate this significant
milestone, a group of financial specialists has recently been
consulted to offer their expert perspectives on how SHIB might
respond following the successful implementation of the Shibarium
upgrade. Shibarium’s Potential Impact On SHIB, According To Experts
Jonathan Merry, CEO of Moneyzine.com, elucidated that Shibarium is
a developer platform to revolutionize the accessibility of
SHIB-related token transactions. Additionally, it will establish a
central space for developers to forge and unveil their projects,
Merry elaborated. Merry noted:. “In any case, as long as
Shibarium is used, SHIB will profit. Suppose it is extremely
successful and becomes a global sensation. In that case, SHIB may
have a better chance of hitting the $0.01 target with the enhanced
Shibarium and the new burn mechanism.” Ultimately, the potential
realization of SHIB reaching $0.01 and the ascent of the BONE token
price from $1 to $1,000 could be catalyzed by Shibarium, the
executive suggested. SHIB market cap nearing the $5 billion level.
Chart: TradingView.com Adam Garcia, CEO of The Stock Dork, delved
into the significance of the forthcoming Shibarium upgrade,
underscoring its role in mitigating the scalability and network
congestion obstacles currently confronting the blockchain. Garcia
said: “The expectation is that an improved and more efficient
blockchain infrastructure could attract greater interest and
adoption, thereby increasing the demand for the SHIB token.” He
added that there is optimism that the token’s value could
experience a substantial increase in the short term, especially as
the network capabilities are upgraded and “supply-side pressures
are reduced.” A Pivotal Juncture For Shiba Inu The analysis
provided by these experts underscores the significance of the
Shibarium upgrade for the SHIB token’s future. This juncture marks
a technical evolution and a potential turning point in SHIB’s
journey toward greater adoption and value appreciation. Related
Reading: All Hype? BALD Meme Coin’s Volume Shaved By 96% The crypto
community awaits the unveiling of Shibarium this month, and all
eyes are on how this upgrade might catalyze a new era for Shiba Inu
and its associated tokens. At the time of writing, SHIB was trading
at $0.00000842, up 2.4% in the past 24 hours and notched a
seven-day surge of 7.4%, data from crypto market tracker CoinGecko
shows. (This site’s content should not be construed as investment
advice. Investing involves risk. When you invest, your capital is
subject to risk). Featured image from
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