How Shibarium Impacts the Shiba Inu Community
Shiba Inu, a popular meme cryptocurrency inspired by the Shiba Inu dog breed, has been making waves in the crypto world. But what does Shibarium mean for Shiba Inu? How will shibarium drive growth and utility to Shiba Inu coins? Let’s delve into the depths of Shibarium -
What is a Shibarium?
The Shiba Inu community on Ethereum is creating the Layer-2 blockchain network known as Shibarium. With DeFi applications, metaverse apps, and blockchain games, the idea is to turn Shiba Inu from a meme coin into a complete ecosystem. Shibarium employs a proof-of-stake architecture to overcome Ethereum's scaling difficulties, providing faster transaction times, lower fees, and easier decentralised app development.
Shiba Inu Price Analysis July
The Shiba Inu token remains below $0.000008, with 81.81% of investors in a loss, while only 12.98% are in profit according to IntoTheBlock data. Social media platforms are flooded with expressions of frustration from Shiba Inu investors.
How Shibarium Impacts the Shiba Inu Community
As the Shiba Inu community's discontent grows, Lucie, a well-known influencer, uses Twitter to explain why the price of SHIB is not seeing the anticipated increase known as "mooning." She says that, according to her experience, crypto prices often display bearish tendencies about a year before the subsequent halving event.
In April or May 2024, the next halving of Bitcoin is anticipated. According to her shiba inu predictions, the summer may bring more pessimism, but hopes soar as we look forward to good news and developments in the autumn and winter.
Shibarium to Drive SHIB Value
The analyst reassures the community that Shibarium, the L2 scaling solution for the Shiba Inu ecosystem, is not a pump-and-dump scheme while addressing concerns about it. Instead, she thinks the technology will help SHIB and other ecosystem tokens like LEASH and BONE grow significantly and become more useful. In the long run, Lucie urges community members to have patience while making allusions to intriguing possibilities.
Notably, the debut of Shibarium, which is scheduled for later this year, is eagerly anticipated. Some others think that it might be revealed at the next Blockchain Futuristic Conference, which is set to take place next month.
Shiba Inu Price Prediction 2023
According to a significant update, Shibarium and the Shiba INU developers will continue to prioritize gaming and metaverse applications.
Growing regulations have made the price more volatile. If the bears over power the bulls then the market value could plunge to new lows. With this, shiba inu price prediction could range between 0.0000112 to $0.0000259 for the year with an average of $0.0000185.
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