While the wait for the official launch of Shibarium continues, there is speculation suggesting that the SHIB price could reach $0.001

While the wait for the official launch of Shibarium continues, there is speculation suggesting that the SHIB price could reach $0.001

While the Shibarium beta has been received with optimism, the wait for the launch of the official version of the project continues. This has fueled speculation that the SHIB price could hover as high as $0.001. Is this actually realistic? If so, why hasn’t the upward movement started yet?

An influx of optimism

Shiba Inu (SHIB) is currently trading at $0.000008. This is a far cry from SHIB investors’ dream price, located at $0.001. Nevertheless, the Shiba Inu community is pinning its hopes on the success of Shibarium to support the achievement of this goal.

Shibarium, as an Ethereum-based tier two solution for the Shiba Inu ecosystem, is being promoted as an upcoming breakthrough in the SHIB world. The success of Puppynet, the beta version of the network, and recent previews of Shibarium are bringing new optimism to the community.

This one, in turn, has already had a chance to get acquainted with the dedicated Shibarium portal. The rationale behind the combustion mechanism suggests that the system will collect BONE, Shibarium’s gas token, and then convert them to SHIB.

Then, the resulting Shiba Inu tokens will be sent to the combustion portal. It is worth recalling that Shibarium’s documentation confirms the network’s willingness to burn 70% of its basic transaction fees. Providing details on how Shibarium intends to accomplish this reinforces confidence in Tier 2’s capabilities, helping to revive optimism.

Shiba Inu requires community action

The Shiba Inu community is eagerly awaiting whether Shibarium will indeed support Shiba Inu price increases and contribute to the ambitious $0.001 target. It is worth noting that achieving such a target would entail an increase of an impressive 12,400% over the current value of Shiba Inu.

In order for Shiba Inu to see price increases similar to those seen in the market in 2021, the community needs to intensify combustion activities and introduce utility into the ecosystem. While Shibarium promises to contribute, the extent of its contribution will depend on the level of user acceptance.

Is the SHIB community expecting the impossible?

However, let’s look at the reality. It is worth answering the question, why isn’t the price of SHIB already rising? After all, the beta version of Shibarium did a great job and promises a promising release of the official version. SHIB burns have also recently been done in huge numbers. Perhaps, then, the $0.001 target is greatly exaggerated? Let’s consider the fact that a 12,400% increase in the value of SHIB would mean not only minting a new, very high ATH of the coin, but also surpassing Bitcoin’s current market capitalization. And as we know, Bitcoin has real world applications, while Shiba Inu, is a project with completely different characteristics.

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

Share this article

More news


XRP outperforms Bitcoin and Ethereum

In the past week, XRP decisively outperformed its main rivals, Bitcoin (BTC) and Ethereum (ETH), in terms of capital flows. Moreover, it recorded an impressive $2.7 million…

Solana and Avalanche on the eye of investment funds

Two alternative coins, Solana (SOL) and Avalanche (AVAX), are gaining increasing interest and are successively attracting the attention of investment funds. Although bitcoin (BTC) remains the main…
All articles loaded
No more articles to load


Cryptocurrency wallets

Cryptocurrency wallets

We talked about security when trading crypto assets in an article titled “Online security“. We also mentioned how important it…
hardware wallets

Cryptocurrency hardware wallets

From the article titled “Cryptocurrency wallets” you learned about the different types of wallets. They were briefly characterized there. Let’s…
Where to buy cryptocurrency brokers

Which cryptocurrency Brokers to use

In the article “Where to Buy Cryptocurrencies (Exchanges)“, we introduced you to which exchange platforms you can purchase cryptocurrencies on.…
Trading cryptocurrencies

Trading cryptocurrency

In the cryptocurrency market, you face many opportunities to invest in cryptocurrency or buy or sell cryptocurrency. If you want…
All articles loaded
No more articles to load


All articles loaded
No more articles to load

Latest news

All articles loaded
No more articles to load