Shiba Inu, the network behind the notable meme coin SHIB, and Polygon, the network behind the MATIC token, are firing up for monumental network upgrades. The upgrade is highly promising for both networks and is well-positioned to send the prices of both assets to new levels.

A popular crypto analyst Pentoshi is now harbingering that MATIC will hit a new high against Bitcoin.

“Last tweet for the night MATIC ath vs BTC could be this week or next. Look how it performed during the bear. Now add a catalyst world’s first zkEVM mainnet coming in a month, and people in a rush to short. Imo tops closer to 10-14 days out from event. Also, finally broke 1.30.” Pentoshi stated in a recent tweet. 

Polygon, the blockchain scaling platform that connects and grows Ethereum-compatible blockchain networks, has revealed that its zero-knowledge Ethereum Virtual Machine (zkEVM) beta main network will go live on the 27th of March.

The announcement comes shortly after Polygon unveiled its zkEVM testnet that deployed the Ethereum Virtual Machine (EVM) for its ZK rollup.

Shiba Inu expected to dethrone rival meme coin Dogecoin 

On the other hand, Shiba Inu is also poised to hit unprecedented levels as the launch of the Shibarium layer-2 scaling solution draws near.

After waiting for months, Shiba Inu supporters are excitedly awaiting the launch of Shibarium, scheduled for next week. Initially, the Shiba Inu lead developer Shytoshi Kusama initially hinted that the launch would take place before May. Following the hint was a recent tweet from a crypto YouTuber YourPop8, who claimed that Shibarium would go live next week.

Shytoshi Kusama refuted claims that the YouTubers’ comments were false in a tweet, saying, “When he is right, you owe him an apology.” 

The launch of Shibarium is expected to trigger a price pump for Shiba Inu. The meme coin is expected to hit a new yearly high as adoption for the Shiba Inu ecosystem is poised to increase after Shibarium’s integration.

Although at press time, Shiba Inu is recording mild losses within the daily and weekly timeframe. But trading volume is expected to surge as the launch draws near. Many Shiba Inu proponents also predict that SHIB will unseat its rival, Dogecoin, to become the 10th most-valued asset by market valuation.

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Filed under: Bitcoin - @ March 4, 2023 6:41 pm