Davinci Jeremie, a well-known early Bitcoin investor, has said that he believes the upcoming Shibarium layer-2 network could be a major catalyst for the price of Shiba Inu (SHIB).
Jeremie, who is known for his YouTube channel where he discusses crypto and blockchain technology, made the comments in a recent video shared with his over 519,000 followers on Twitter. He said he’s “excited” about the potential of Shibarium and believed it could help SHIB shed its meme-coin tag and become a more legitimate project.
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“Shibarium is going to be something big,” Jeremie said. “If they accomplish what they’re setting out to do, it could be a major game-changer for SHIB.”
Big things are happening for $shib looking forward to see what happens! pic.twitter.com/u2FYsmb5TM
— Davinci Jeremie (@Davincij15) August 1, 2023
Shibarium is a Shiba Inu layer-2 scaling solution designed to run on top of the Ethereum blockchain but will be able to process cheaper and faster transactions. This could make SHIB more attractive to investors who are looking for a more efficient and cost-effective way to trade the digital asset.
In addition, Jeremie noted that Shibarium will also burn SHIB tokens for every transaction that is processed on the network. This could help reduce the overall supply of the digital asset and could, in turn, drive up its price.
“I think Shibarium is going to be a big deal for SHIB,” Jeremie said. “I’m excited to see how it plays out.”
The Shibarium testnet is currently live, and the team is currently working to launch it on the mainnet. If the mainnet launch is successful, it could be a major catalyst for the price of SHIB.
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Other Investors Are Also Bullish on Shibarium
Jeremie is not the only investor who is bullish on Shibarium. A number of other investors have also expressed their excitement about the potential of the layer-2 network.
For example, Shytoshi Kusama, the lead developer of SHIB, has said that he believes Shibarium could help SHIB reach $0.01. He has also said that Shibarium will make SHIB more scalable and efficient, which could make it more attractive to institutional investors.
The upcoming launch of Shibarium could be a major catalyst for the price of SHIB. A number of investors are bullish on the layer-2 network, and they believe that it could help SHIB shed its meme-coin reputation and become a more legitimate investment. Only time will tell if Shibarium will live up to the hype, but it is certainly a project to watch.
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