Amid months of anticipation within the Shiba Inu community, the launch of Shibarium has recently taken place. Despite some initial hiccups, experts are hailing the layer-2 network as a potential game-changer for the Shiba Inu ecosystem.
One notable advocate is renowned crypto analyst Del Crxpto, who has highlighted Shibarium’s transformative potential. Emphasizing the goal of boosting SHIB’s price to $0.01, Del Crxpto underscored how Shiba Inu managed to achieve a top 3 position among crypto assets, despite grappling with exorbitant transaction costs on the Ethereum network.
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$SHIB reached #3 in the world with $ETH transactions costing hundreds – thousands per… #Shibarium has free’d $SHIB of $ETH congestion & has made it affordable for everyone.
Next bull run… will be MASSIVE. #1CentDream $SHIB
— Del Crxpto (@DelCrxpto) August 17, 2023
Shiba Inu’s meteoric rise began in May 2021 when it surged to $0.00003043, eventually correcting. However, it rebounded to reach an all-time high of $0.00008845 in October 2021, with a staggering market cap of $37.6 billion, solidifying its position as the third-largest crypto asset at the time.
Del Crxpto pointed out that Shiba Inu achieved this feat while navigating Ethereum’s high transaction costs. Despite Ethereum’s transition, known as the Ethereum Merge, to address this issue in September 2022, its transaction costs remain substantial. The emergence of solutions like Shibarium, a layer-2 network, aims to alleviate these concerns and enhance transaction speed.
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According to Del Crxpto, the advent of Shibarium heralds a new era of freedom for Shiba Inu. By liberating the ecosystem from Ethereum’s cost and congestion issues, Shibarium is poised to boost adoption rates significantly. This sentiment was echoed by Shiba Inu’s lead developer, Shytoshi Kusama, who confirmed the unexpected influx of users to the Shibarium platform.
While the influx initially posed challenges for investors, it also underlined the platform’s strong adoption potential. Analysts, including Del Crxpto, speculate that this momentum will propel Shiba Inu to substantial gains during the forthcoming bull run.
Del Crxpto’s ambitious vision revolves around a rally that could drive Shiba Inu’s price to $0.01. Currently valued at $0.0000841, achieving this goal would necessitate an extraordinary surge of 118,806%. This hopeful projection captures the excitement surrounding Shibarium and the potential it holds for the Shiba Inu community.