The post SHIB Price Prediction: Can Shibarium Upgrade Drive Shiba Inu Price to $0.01? appeared first on Coinpedia Fintech News
Shiba Inu (SHIB) coin is surging upwards, driven by excitement among meme coin fans for the upcoming Shibarium upgrade. Shibarium is a new and innovative improvement to its blockchain, planned for release this August. This upgrade aims to fix the current issues of slow transactions and network congestion, making the SHIB coin even better.
SHIB Price to Hit $0.01?
Investors are eagerly waiting for this upgrade, and experts have shared their thoughts on how it could affect SHIB’s price. But what made them set the target to $0.01 in the current market? Do we see the surge by the end of August?
As of now assuming SHIB to surge with Shibarium is possible, but expecting it to reach $0.01 seems doubtful because there are so many tokens around. Unless the number of tokens goes down a lot, having each token worth 1 cent would make the total value really high, which doesn’t make sense. But if the Shibarium launch goes well, SHIB could become a more popular cryptocurrency by getting used more on its network.
But Experts Claim its Possible with Only “If”
Jonathan Merry, the CEO of Moneyzine.com, explained that Shibarium will make it easier to use SHIB coins and help developers create new projects. He believes that if Shibarium becomes very popular, SHIB’s value could rise, possibly reaching $0.01 or even more.
For him the only sentiment that works right now is “As long as Shibarium is used, SHIB will profit.”
However, Adam Garcia, the CEO of The Stock Dork, talked about how Shibarium will improve the blockchain, and increase adoption. Notably, this improvement could attract more people to use SHIB coins, which might increase their value. He thinks that as the blockchain becomes better, SHIB’s value could go up, especially in the short term.
He is confident that with the upgrade, Shib will surge “As the network capabilities are enhanced, and supply-side pressures are reduced.”
Any Change in the Current SHIB Price?
Right now, the price of SHIB is around $0.000008241. In the past 24 hours, it went down a bit, but over the week and the month, it went up by more than 4.3% and 7.4% respectively. This increase added about $300 million to its total value. However, compared to other cryptocurrencies like Bitcoin, SHIB’s gains this year are not as big.
Overall, all the experts share similar sentiments that the Shibarium upgrade is a big deal for the SHIB coin. It could make using SHIB easier and attract more users. If all goes well, SHIB’s value might go up, possibly reaching $0.01 or more. Many experts and even Google’s AI chatbot, Google Bard, see Shibarium as a key factor in predicting SHIB’s future price.