HomeNewsReality Check: Is Shiba Inu's $1 Milestone Realistic with Shibarium as the...

Reality Check: Is Shiba Inu’s $1 Milestone Realistic with Shibarium as the New L2 Standard?

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    • Shiba Inu (SHIB) is a meme cryptocurrency that has gained popularity among investors.
    • The arrival of Shibarium, a platform that offers genuine utility, is expected to push SHIB’s price in the future.

Shiba Inu (SHIB) experienced a surge in buying volume at the beginning of February 2023, leading to a bold attempt to break through the $0.000015 barrier. However, prices experienced a severe correction and produced a bearish engulfing candle. The arrival of Shibarium, expected to mark a new era for SHIB, was announced on March 23, 2023.

Shibarium is a platform that offers genuine utility and facilitates micro transactions over SHIB-based dApps. The launch of Shibarium was accompanied by the launch of the TREAT token, which will be used as a reward token on SHIB-based metaverse and games such as the Shiba Collectible Card Game.

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Shiba Inu was founded in 2020 by an anonymous techpreneur and has been successful in attracting people who missed the Dogecoin craze previously. Investors seeking to join the joke have increased the popularity of memecoins, which are not supposed to be taken seriously. However, SHIB has become more than just a memecoin with the arrival of Shibarium.

Shiba Inu has a lot of promising possibilities that will keep pushing the market. Its extremely low price, which is why a lot of people keep buying it, works in its favor. In addition, its upcoming Metaverse project improves this project’s allure from a tokenomics perspective. As a memecoin, the value of SHIB is driven by how bullish (and large) the Shiba Inu community is at a given point in time.

Shiba Inu’s Price, Market Cap, and everything in between

During the crypto-bloom of 2021, SHIB’s price continued to soar and hit 0.00003503 in mid-May. Its price further rose by over 34% when it got listed on the crypto-exchange Coinbase in September 2021. When the Shiba Inu community clamored to get the cryptocurrency listed on Robinhood Markets Inc., its price soared to an ATH of $0.00008845 in late October 2021.

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The altcoin, however, was not listed on the exchange before April 2022. As the cryptocurrency market crashed during Q2 of 2022, SHIB’s market price also continued to fall. SHIB, at press time, was trading at $0.000009959, with a market cap of $5.8 billion and a 24-hour trading volume of $95 million.

Shiba Inu Coin’s 2025 and 2030 Predictions

As per Changelly, after studying SHIB prices and market fluctuations, experts predict that SHIB could hit as high as $0.0000440756 and as low as $0.0000366063 in 2025. According to some crypto experts, the Shiba Inu Coin price can hit a new ATH in 2025, with the minimum and maximum prices of SHIB this year predicted to be $0.00009839 and $0.0001928, respectively. In 2030, SHIB could hit as high as $0.0002908409 and as low as $0.0002463454, with its average price expected to remain at $0.0002532547, according to Chanelly.

In conclusion, while the future of cryptocurrency and memecoins is uncertain, SHIB’s promising possibilities, including the launch of Shibarium and the upcoming Metaverse project, suggest that it could be one.

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Brian Johnson
Brian Johnson
A dedicated Bitcoin journalist passionate about uncovering the latest trends, developments, and innovations in the world of cryptocurrency, while delivering engaging and well-researched articles to inform and educate readers on the dynamic digital finance landscape.
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