SHIB might seem to decline, but the Shiba Inu community members appear convinced about the possibilities of $0.001 and $0.0001 price targets playing in the long run.
One of the main factors that seem to be driving the conviction about SHIB’s potential ability to spike is Shibarium, which appears to be making giant strides after its relaunch.
Shibarium’s Soaring Adoption
At the time of writing, Shibarium boasts over a million wallet addresses and transactions. Data on shibariumscan.io revealed Shibarium’s daily transactions to be 88.64k, with 518,112 blocks produced.
The remarkable figures above are evidence that the Shibarium would do well in terms of burning SHIB tokens to a reasonable extent.
Recall Lucie’s explanation per one of our previous reports, which clarified how users can contribute to SHIB burn by building on top of Shibarium. She also noted that “Shibarium offers very low fees, making it ideal for small businesses and companies.”
Shibarium Notable Initiatives
Per a recent tweet, Lucie, a prominent Shiba Inu development team member, revealed nine remarkable Shibarium features that would attract more users to Shibarium, which would invariably boost the technology’s burn potential and eventually spike SHIB’s market value.
- A low transaction charge on Shibarium would undoubtedly save monetary expenditures for firms and platforms adopting Shiba Inu.
- Shibarium’s immense scalability would propel seamless growth for businesses or platforms building on it.
- Shibarium boasts a rapid transaction time that would save time while being efficient and dependable.
- The Layer-2 scaling network solution was designed in a manner that makes blockchain technologies readily available for establishments of any size, whether big or small.
- The Shibarium is a global initiative that can connect with a multinational audience.
- Assets stored or invested in the Shibarium are safe from attacks or infringements, as the scaling solution is built on Ethereum’s solid foundation.
- Shibarium’s Smart contract features enable businesses to simplify operations, automate duties, and reduce the dependence on intermediaries to facilitate transactions.
- Shibarium offers establishments leverage to explore what Decentralized Finance (DeFi) is all about at market-friendly costs.
- Finally, Shibarium does not contribute to greenhouse gas emissions; it is eco-friendly and would contribute positively to the environment, especially the atmosphere.
Meanwhile, Shiba Inu’s price at the time of reporting is $0.00000764, changing hands between minimum and maximum price levels of $0.00000744 and $0.00000799, respectively, in the past seven days.
Achieving price targets of $0.0001 and $0.001 from SHIB’s price today would imply increases of about 1200% and 13,000%, respectively.
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