Shiba Inu lead developer Shytoshi Kusama recently announced that the Shibarium mainnet launch would be done in August. 
Since that announcement, Shiba Inu has seen its market surge by $610 million in one month as the asset indicates a bullish market sentiment. 

The Shibarium mainnet launch is fast approaching as the team has not yet encountered any major challenges in the testing phase. Over the past few months, there have been several updates including strategic partnerships, upcoming development, dedicated and active community, and growing interest in the crypto ecosystem at large. Recently, Shytoshi Kusama, the lead developer of Shiba Inu, disclosed that Shibarium would be launched at the Blockchain Futurist Conference in Toronto in August. This was also confirmed in a blog post by Shytoshi. He mentioned that they would be the title sponsor of the program.

We think this is kinda a big deal. This level of sponsorship puts us alongside larger exchanges and projects and solidifies our stance as a major player in crypto. And of course, it is approximately, the 3rd birthday of Shib and the birthplace of Eth. It’s there that the Worldpaper will be on display, fully completed, where all Shib branded projects will be revealed, and where Treat will first be publicly discussed in detail. It’s also highly likely we will discuss and even release our long-awaited L2 Shibarium.

How Far Shiba Inu Price Can Go

Analysts believe that the Shibarium launch and other projects would send the Shiba Inu price to the moon. According to on-chain metrics and price prediction firm DigitalCoinPrice, the price could rise by 927 percent in the next seven years. The analyst also predicts that Shib could kill some zeros to hit $0.000108 by 2030. This is a 1,334 surge from its current price. This means an investment of $1,000 would be around $14,340 in 2030. Regardless, the crypto market is highly unpredictable as the price can remain stagnant or even take a nosedive from its current price by the end of the decade. 

As of press time, Shiba Inu had surged by 10 percent in the last seven days to trade at $0.000008. In the last 24 hours, the price has surged by 6 percent. Its market capitalization has also increased to $4,709,658,409 ($4.7 billion) after rising by $610 million in the last month. This indicates that the asset has recorded a significant price surge since June 14. 

Shytoshi’s recent comment hints that the asset has a huge potential to stage one of its biggest bull-runs. According to him, the initial vision of the Shiba Inu founder has been proposed to complete and add more intention to the original idea. Some of the launched projects including the Shibarium testnet are already doing well, indicating how the vision of the ecosystem has been accepted by the crypto community. 

To be sure, Shib is and always has been fully decentralized. But to ensure everything is truly “perpetual” requires a bit more finesse, time, thought, planning, technology, strategy, and a tight structure that no other meme even comes close to fulfilling. Our unique decentralized structure described in the final Worldpaper, all the hard work of the thousands of decentralized Shib projects, and the power of the ShibArmy gives us a backbone, unlike any other project.

 

---

Filed under: Bitcoin - @ July 14, 2023 7:25 pm