• Shiba Inu (SHIB) token has seen a 60% YTD rally as the team prepares to launch its layer-2 network, Shibarium.
• The announcement of Shibarium’s Beta release has caused SHIB prices to jump 25% in the past week.
• Analysts predict that SHIB prices could rise up to 75% in the near future.
The crypto market is abuzz with the upcoming launch of Shiba Inu’s layer-2 network, Shibarium. Shiba Inu (SHIB) token has seen a significant rally of 60% YTD, making it one of the top performing altcoins so far in 2023. The announcement of Shibarium’s Beta release has caused SHIB prices to jump 25% in the past week, leading many analysts to predict a further 75% surge in the coming days.
Shiba Inu is a memecoin inspired by Dogecoin (DOGE) and is based on the Ethereum network. The launch of Shibarium is expected to provide a major boost to Shiba Inu’s scalability and transactional costs. Shibarium is a layer-2 network that will run on top of the Ethereum mainnet, which will enable developers to create and launch decentralized applications.
Shiba Inu gained immense popularity in the crypto space, mainly due to its unique use case and FOMO-inducing marketing tactics. The Shiba Inu team has also been very active on social media, further increasing the hype around the project. This has resulted in a massive influx of investors looking to capitalize on the SHIB price rally.
The SHIB price is currently at $0.00001294, its highest since early November 2022. This has led many analysts to predict that the SHIB price could surge up to 75% in the near future. However, it is important to remember that the crypto market is highly volatile and unpredictable, and investors should always conduct their own research before investing.