Shiba Inu Price Poised To Reach $0.01 With Shibarium Upgrade, These CEOs Say

Christian Encila

1 year ago

3 mins read

Man holding Shiba token on natural background

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Shiba Inu (SHIB) is experiencing a remarkable surge in its upward movement, fueled by growing anticipation among meme coin enthusiasts for the upcoming introduction of Shibarium, an innovative upgrade to its layer 2 blockchain.

Scheduled for release this August, Shibarium holds the key to addressing the prevailing scalability and network congestion issues that the Shiba Inu blockchain currently grapples with. Its primary objective is to propel the SHIB token to unprecedented success.

While investors in Shiba Inu eagerly anticipate this significant milestone, a group of financial specialists has recently been consulted to offer their expert perspectives on how SHIB might respond following the successful implementation of the Shibarium upgrade.

Shibarium’s Potential Impact On SHIB, According To Experts

Jonathan Merry, CEO of Moneyzine.com, elucidated that Shibarium is a developer platform to revolutionize the accessibility of SHIB-related token transactions. Additionally, it will establish a central space for developers to forge and unveil their projects, Merry elaborated.

Merry noted:.

“In any case, as long as Shibarium is used, SHIB will profit. Suppose it is extremely successful and becomes a global sensation. In that case, SHIB may have a better chance of hitting the $0.01 target with the enhanced Shibarium and the new burn mechanism.”

Ultimately, the potential realization of SHIB reaching $0.01 and the ascent of the BONE token price from $1 to $1,000 could be catalyzed by Shibarium, the executive suggested.

SHIB market cap nearing the $5 billion level. Chart: TradingView.com

Adam Garcia, CEO of The Stock Dork, delved into the significance of the forthcoming Shibarium upgrade, underscoring its role in mitigating the scalability and network congestion obstacles currently confronting the blockchain.

Garcia said:

“The expectation is that an improved and more efficient blockchain infrastructure could attract greater interest and adoption, thereby increasing the demand for the SHIB token.”

He added that there is optimism that the token’s value could experience a substantial increase in the short term, especially as the network capabilities are upgraded and “supply-side pressures are reduced.”

A Pivotal Juncture For Shiba Inu

The analysis provided by these experts underscores the significance of the Shibarium upgrade for the SHIB token’s future. This juncture marks a technical evolution and a potential turning point in SHIB’s journey toward greater adoption and value appreciation.

The crypto community awaits the unveiling of Shibarium this month, and all eyes are on how this upgrade might catalyze a new era for Shiba Inu and its associated tokens.

At the time of writing, SHIB was trading at $0.00000842, up 2.4% in the past 24 hours and notched a seven-day surge of 7.4%, data from crypto market tracker CoinGecko shows.

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

Featured image from iStock, chart from Tradingview.com

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.