Following an unsuccessful initial Shibarium launch, a relaunch of the Layer-2 scaling network solution appears poised to play out today, as revealed by Shytoshi Kusama in one of our previous reports.
Recall that the Shibarium could not handle the exceedingly large traffic that came from its overwhelming adoption after launch. The massive rise in traffic made the team decide to halt block production on the Shibarium network.
Meanwhile, Kusama already allayed fears of the Shibarium never coming to life again. He assured the crypto community, especially the SHIB enthusiasts, that he and his team are working actively to forestall a future recurrence after a Shibarium relaunch, but in private mode.
Impacts Of These Happenings On SHIB’s Price Movements
Amid all these happenings, SHIB’s price seemed to decline. At the time of writing, the digital asset price is $0.00000817, changing hands between minimum and maximum price levels of $0.00000776 and $0.00001010, respectively, in the past seven days.
SHIBS prices above indicate a fall below several resistance levels, which the token had crossed before it started declining.
While Shiba Inu’s (SHIB) current market outlook might appear gloomy, some SHIB proponents still believe a $0.01 price mark is attainable.
Evaluating The Returns On Invest For an $850 SHIB Investment
At Shiba Inu’s current price, an $850 investment meant capital would procure 104,039,168 SHIB coins. So, if Shiba Inu succeeds in attaining the projected $0.01 level, the initial investment will amount to approximately $1,050,000.
Analyzing the returns on the above investment, a profit in the range of $1,049,150 is assured for investors who would embrace the project at its current price.
On the other hand, a Shiba Inu price target of $0.001 also seems attainable, as speculated by most crypto experts and top advocates.
If SHIB attains a price level of $0.001, 104,039,168 SHIB tokens would be worth around $104,039.168, reflecting gains in the region of $103,189.168.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
SHIB Nears Decentralization
Amid the hype about the Shibarium technology, Shiba Inu recently unveiled its world paper as the foundation for a decentralized digital nation.
The SHIB paper contained significant details about Shiba Inu principles, and it is termed the principal authority that could adopt the strength of Shiba Inu’s Shibarium technology to develop a decentralized digital global state.
It is left to see how these plans turn out. However, the time factor is required for the project to attain its full potential.
Follow us on Twitter, Facebook, Telegram, and Google News
