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.
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.”
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.
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.
Follow us on Twitter, Facebook, Telegram, and Google News
In the ever-evolving landscape of cryptocurrency, emerging tokens often captivate the attention of investors with…
While recent court decisions haven't directly impacted XRP's price, a cloud of uncertainty hangs over…
On May 16, 2024, Whale Alert, a cryptocurrency transaction tracking platform, identified a significant transfer…
Recent market data reveals a growing trend of XRP accumulation by large investors, also known…
The Shiba Inu (SHIB) token has seen a significant price increase in recent days, coinciding…
Abdullah "Abs" Nassif, host of the popular cryptocurrency podcast Good Morning Crypto, has recently shared…