Wednesday, June 19, 2024
HomeCryptocurrencyCEO Expresses Optimism about Shiba Inu (SHIB) Using Shibarium to Reach $0.01

CEO Expresses Optimism about Shiba Inu (SHIB) Using Shibarium to Reach $0.01

While we continue to anticipate the Shibarium mainnet launch, especially its potential impact on Shiba Inu (SHIB) market value and overall performance, two Chief Executive officers (CEOs) of top financial and stock market firms recently waded into discussing a possible price ascent of SHIB following a successful Shibarium launch.

For context, Shibarium, the SHIB’s layer-2 network, has been under construction for quite a long time. Its release was anticipated last year, but due to some circumstances, it was pushed to this year, specifically August, as hinted by the Shiba Inu lead developer, Shytoshi Kusama.

Read Also: Elon Musk Receives Cryptic Invitation to Shibarium Mainnet Unveiling

Adam Garcia: Shibarium Will Solve Problems Of Scalability And Network Congestion

Adam Garcia, the CEO of The Stock Dock, noted that Shibarium will tackle most Shiba Inu-specific problems ranging from scalability to network congestion. 

In addition, Adam remarked that by improving the Shiba Inu blockchain, the platform would attract more interest, leading to greater demand and an increase in SHIB’s valuation. 

“There is optimism that the token’s value could experience a notable boost in the short term. As the network capabilities are enhanced, and supply-side pressures are reduced,” Adam remarked.

Read Also: Shiba Inu Team Announces Shibarium Hackathon with $5,000 Grand Prize. Here’s How to Qualify

Jonathan Merry: $0.01 SHIB Achievable

Jonathan Merry, the CEO of Moneyzine.com, a finance enterprise, maintained that SHIB could be on the path to hitting a new ATH. “As long as Shibarium is used, SHIB will profit,” Jonathan stated.

In addition, Jonathan added, “If it is extremely successful and becomes a global sensation, SHIB may have a better chance of hitting the $0.01 target with the enhanced Shibarium and the new burn mechanism.”

Does A $0.01 Price High Seem Pragmatic For Shiba Inu? 

While it appears seemingly convincing that Shiba Inu would come with significant improvements, the possibility of attaining the $0.01 price mark remains highly uncertain, considering SHIB’s massive token supply.

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At the time of filing this report, SHIB is trading at $0.000008421, with a 2.5% price upsurge in the last 24 hours, according to CoinMarketcap.


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Chinedu Agbakwusi
Chinedu Agbakwusi
Chinedu Agbakwusi is a medical student at the prestigious Nnamdi Azikiwe University with sound knowledge of the crypto space. I am here to be a reliable plug for well-researched crypto content ranging from crypto news to market analyses and blockchain inventions.
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