{"id":11385,"date":"2023-05-20T10:49:56","date_gmt":"2023-05-20T14:49:56","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/shiba-inu-price-prediction-as-shibarium-beta-transactions-approach-10-million-shib-adoption-on-the-rise\/"},"modified":"2023-05-20T10:49:57","modified_gmt":"2023-05-20T14:49:57","slug":"shiba-inu-price-prediction-as-shibarium-beta-transactions-approach-10-million-shib-adoption-on-the-rise","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=11385","title":{"rendered":"Shiba Inu Price Prediction as Shibarium Beta Transactions Approach 10 Million \u2013 SHIB Adoption on the Rise?"},"content":{"rendered":"
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Shiba Inu (SHIB), the world\u2019s second most popular and largest crypto meme token by market capitalization that lives as an ERC-20 token on Ethereum, has been range bound in the $0.00000850-0.0000090 area over the last few days.<\/p>\n

The bears have been catching their breath after sending the cryptocurrency cascading lower earlier this month.<\/p>\n

But near-term price predictions remain bearish.<\/p>\n

At current levels in the $0.0000086s, SHIB was trading with losses of around 14% this month and is down around 45% versus its earlier yearly highs in the $0.000016 area.<\/p>\n

SHIB is still up around 8% on the year.<\/p>\n

But that pales in comparison to the gains seen in major cryptocurrencies such as Bitcoin, which is currently up in the region of 65%.<\/p>\n

Is SHIB Adoption on the Rise?<\/strong><\/h2>\n

But the price action belies the fact that recent developments within the Shiba Inu (SHIB) web3 ecosystem have been largely positive.<\/p>\n

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For example, the beta version of Shiba Inu\u2019s layer-2 Ethereum scaling solution Shibarium continues to perform exceptionally well and will soon hit 10 million transactions, as per puppyscan.shib.io.<\/p>\n

Indeed, the number of daily transactions taking place on the network recent surged to around 400,000, suggesting that there is a lot of interest in Shibarium, implying the Shibarium mainnet launch should be a big success.<\/p>\n

Shiba Inu community members and supporters hope that the launch of Shibarium will be the beginning of a new era of growth for the Shiba Inu web3 ecosystem and could lead to a rise in adoption.<\/p>\n

The layer-2 scaling solution should mean much lower transaction fees, which act as a deterrent for SHIB trading and Decentralized Finance (DeFi) activity on the Ethereum blockchain.<\/p>\n

According to comments made recently by Shiba Inu marketing specialist LucieSHIB, the Shibarium mainnet launch could come in the second half of 2023.<\/p>\n

Shiba Inu developers also hope to release SHIB: The Metaverse before the end of this year as well.<\/p>\n

If the project remains on track and delivers these two major milestones this year, 2024 could be a year of explosive growth and rising adoption for SHIB.<\/p>\n

Price Prediction \u2013 Where Next for Shiba Inu (SHIB)?<\/strong><\/h2>\n

Shiba Inu (SHIB) remains on course to retest its late-2022 lows under $0.000008, given the current still dire technical outlook.<\/p>\n

Sell pressure unsurprisingly remains elevated in wake of SHIB\u2019s bearish breakout from a descending triangle structure earlier this month.<\/p>\n

And with SHIB below all of its major moving averages and having just experienced a death cross (when the 50DMA goes below the 200DMA), price momentum remains decisively negative.<\/p>\n

With Shiba Inu trading well below recent and historic highs, it certainly isn\u2019t too late to buy SHIB for those betting on a longer-term recovery<\/p>\n

Buy Crypto Now<\/p>\n

Shiba Inu (SHIB) Alternatives to Consider<\/strong><\/h2>\n

Investors should always be on the lookout to diversify their crypto holdings.<\/p>\n

One high-risk-high-reward investment strategy that some investors might want to consider is getting involved in crypto presales.<\/p>\n

This is where investors buy the tokens of up-start crypto projects to help fund their development.<\/p>\n

These tokens are nearly always sold very cheap and there is a long history of presales delivering huge exponential gains to early investors.<\/p>\n

Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application\/platform.<\/p>\n

If an investor can identify such projects, the risk\/reward of their presale investment is very good.<\/p>\n

The team at Cryptonews spends a lot of time combing through presale projects to help investors out.<\/p>\n

Here is a list of 15 of what the project deems as the best crypto presales of 2023.<\/p>\n

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.<\/sup><\/i><\/p>\n<\/p><\/div>\n