Shiba Inu

<div class="watcher-guru"> 
 <p>Two finance experts, and CEOs of their respective firms, have given their insights on Shiba Inu’s price after the launch of Shibarium. Shibarium, SHIB’s layer-2 network, has been in development for quite some time. Although the network was supposed to go live in 2022, it was pushed back due to developmental delays. However, many, including SHIB lead developer Shytoshi Kusama, have mentioned that the network could potentially go live this month. </p> 
 <p><strong>Also Read: Shiba Inu: Number of Addresses Surge Prior to Shibarium Launch</strong></p> 
 <p>The first expert is Adam Garcia, who is the CEO of The Stock Dork. He acknowledges that Shibarium will address a lot of issues in regard to scalability and network congestion. Garcia notes that an improved and more efficient blockchain <strong>“could attract greater interest and adoption.”</strong> Moreover, he stated that greater interest could lead to more demand for Shiba Inu. This consequently will lead to an increase in price. </p> 
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828227"></div> 
  </div> 
 </div> 
 <p>Garcia further added that, <strong>“There is optimism that the token’s value could experience a notable boost in the short term. As the network capabilities are enhanced, and supply-side pressures are reduced.”</strong></p> 
 <p>The second expert is Jonathan Merry, who is the CEO of Moneyzine.com. According to Merry, Shiba Inu (SHIB) could reach a new all-time high after Shibarium’s launch. Merry claimed that <strong>“As long as Shibarium is used, SHIB will profit.” </strong></p> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <p>The finance expert further added that <strong>“If it is extremely successful and becomes a global sensation, SHIB may have a better chance of hitting the $0.01 target with the enhanced Shibarium and the new burn mechanism.”</strong></p> 
 <h3 class="wp-block-heading" id="h-can-shiba-inu-really-hit-0-01">Can Shiba Inu really hit $0.01?</h3> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" width="1024" height="802" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="shiba inu moon rocket" class="wp-image-103185 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp.webp 300w, https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp.webp 768w, https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp.webp 380w, https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp.webp 550w, https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp.webp 800w, https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp.webp 1040w" data-srcset-img="https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp 1024w, https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp 300w, https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp 768w, https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp 380w, https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp 550w, https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp 800w, https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp 1040w" data-eio="j"> 
  <noscript> 
   <img decoding="async" width="1024" height="802" src="https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp" alt="shiba inu moon rocket" class="wp-image-103185" srcset="https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp 1024w, https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp 300w, https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp 768w, https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp 380w, https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp 550w, https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp 800w, https://cdn.thebittimes.com/images/2023/08/03/4b59c263575123666deca4134a0180d3.webp 1040w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  </noscript> 
  <figcaption class="wp-element-caption">
    Source: freepik.com 
  </figcaption> 
 </figure> 
 <p>Although it is possible that SHIB could reach new highs with Shibarium, a target of $0.01 seems very unlikely. Given the vast number of tokens in circulation, the target price does not make sense. If each SHIB token were to be worth 1 cent, without a significant decrease in circulation supply, the market cap will be unrealistically high. However, it is possible that SHIB could potentially become a top-10 crypto, given that the Shibarium launch is successful, increasing on-chain activity for the network.</p> 
 <p><strong>Also Read: Shiba Inu: $1000 Investment on ShibaSwap Debut, Profit Revealed</strong></p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828233"></div> 
  </div> 
 </div> 
 <p></p> 
</div> 
<div class="cs-entry__tags"> 
 <ul> 
  <li>shib</li> 
  <li>shiba inu</li> 
 </ul> 
</div>

Shiba Inu: CEO Says SHIB Has a Chance for $0.01 With Shibarium

Tabla de contenidos

TheBitTimes

Otros artículos publicados el 3 ago 2023

Web3 Creator Platform Nifty's will Cease Operation

Binance Encounters Transfer Scam, Scammers Use Addresses with the same Starting and Ending Charac...

U.S. SEC Open to Considering Ethereum Futures ETF Applications Amid Growing Interest

Bernie Sanders and other Democrats demand urgent action by the IRS on Crypto tax reporting

3rd Annual Digital Identity & Authentication Summit MENA 2023

Ripple (XRP): Profit-Taking Phase is Over, Here’s the Next Price Target

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!