The cryptocurrency market has seen a great gain in 2023 thus far. Bitcoin had it’s best month since 2021. Ethereum has surpassed US$200 Billion dollars in market cap again. But none have seen the gains of meme super-coin, Shiba Inu ($SHIB), which has spiked over 25% in the last 24 hours alone.
SHIB Army, the loyalist base of $SHIB coin users, are having an amazing weekend start. As of Friday, their primary token of investment has increased from US$0.000012 to $US0.000015. The minute ‘3 pence’ of growth equates to a massive 25% in growth.
$SHIB ROI in 18 Hours Unrivaled
In layman’s terms, an investment of $100 made before 6PM eastern on Friday, is now worth $125 at noon today, Saturday.
This is an incredible return on investment for less than 18 hours. The only other popular commodity being traded to make such massive gains across all markets this month, might just be META. No top 25 cryptocurrency compares.
This rise in $SHIB price was expected by CCO reporters since the ‘dogecoin killer’ held at resistance of US$0.000012 or higher most of this year.
Prediction — Shiba Inu Will Rise to US$0.0001
And beyond beating resistance, the coin’s evolution to a crypto with utility will likely send the value sky-rocketing even further. Past all-time highs will likely be eclipsed as commercial support grows from SHIB Army community and novice crypto users choose to adopt an easily obtainable token.
A rather large scale commercial adoptance will likely spawn from the cryptocurrency’s layer-2 Shibarium being launched. The Shiba Inu team wants to eliminate transaction speed issues that are hindering all of crypto. And if the rumored 1-Million transactions per second feature is true, $SHIB token would suddenly become the most useful token in crypto-commerce. Litecoin [$LTC], Bitcoin [$BTC], Ethereum [$ETH], nor Solana [$SOL] have a layer 2 technology that is
close to such a high TPS speed.
Other features coming with the Shibarium Network include umbrella cryptos, Leash and Bone. One will be required to use Shibarium while the other is projected to be a new ‘store of value’ and method to purchase luxury Metaverse products; NFTs are included.
Based on information given thus far, a growth in Shiba Inu coin price to US$0.0001 is a minimum expectation. However, the time taken to do so, cannot be specified nor guaranteed. Information is still speculative until Shibarium is launched with all features made open to public usage and securely.