Shibarium is expected to be launched anytime in the next few days. Why is Shibarium so important?
The aim of Shibarium is to provide a powerful and scalable solution for DeFi, Metaverse, Gaming, and Web3 innovation so as to ensure the widespread use of Shiba Inu Token. Just like every other Ethereum Layer-2 Solution, Shibarium can facilitate
- Faster and cheaper transactions
- Improving the user experience for small transactions.
Most DeFi, Gaming and NFT apps that are on the Ethereum Blockchain will be available on Shibarium after launch.
BONE is the native token used to pay for gas transactions and rewards Validators and Delegators within the Shibarium protocol. Every transaction on Shibarium will burn a certain number of Shiba Inu tokens from circulation.
How is Shibarium Likely to be different from other Ethereum Layer-2 Blockchains?
The biggest difference is that Shibarium (via Shiba Inu) will begin with very high name recognition in the United States for example. Second, Shiba Inu easily leads the other layer-2 tokens on Community strength.
How have other Ethereum Layer-2 Tokens performed in the last 12 months?
- Matic: -19.8%
- Immutable X: -37.5%
- Loopring: -53.7%
- OMG: -57.4%
- Skale: -62.9%
Except for Matic and IMX, the rest of the Layer-2 Tokens are either on par or underperformed Shiba Inu.
How is Shiba Inu better than Matic?
There are two main advantages of Shiba Inu compared to Matic
- Shiba Inu is a far more popular coin than Matic. Given its unit values, Shib Ownership is more widespread (1.2 Million addresses) than Matic (0.58 Million addresses). So any upgrade to Layer-2 should push Shiba Inu Market Cap closer to Matic (Matic is currently 60% higher on Market cap)
- Shiba Inu community is one of the most active communities on social media which gives any new services or product launches massive support. A layer-2 could help this process further.
How much is Shiba Inu Price likely to rise after Shibarium launch?
- Shiba Inu’s Market Cap is unlikely to cross that of Polygon Matic. So the max that Shiba Inu Price will rise is $0.0000198.
- Shiba Inu’s Market Cap will certainly breach Polkadot (because of being on Ethereum and with a huge market cap) which means that Shiba Inu Price will rise by at least $0.0000138
- However, given Solana’s security issues in the last 12 months, Shiba Inu may rise just above Solana’s Market Cap. This translates to a price of $0.0000155
To Summarize, after Shibarium’s launch date is announced, here are 3 scenarios
- Max Shiba Inu Price: $0.0000198
- Minimum Shiba Inu Price: $0.0000138
- Most likely Shiba Inu Price: $0.0000155
This is of course a more theoretical way of forecasting the price but perhaps a logical one. In reality, a lot of the pump will also depend on Macro variables playing out at that time. So what do you feel?
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.
