Expert Says Shibarium Paves Way for Shiba Inu to $0.01 As SHIB Now Free From ETH Congestion
A renowned crypto technical analysis expert recently highlighted why Shibarium would trigger a massive Shiba Inu rally in the next bull run, with a focus on $0.01.
Shibarium recently launched after months of sustained anticipation from the Shiba Inu community. Despite a few setbacks in the debut, pundits continue positioning the layer-2 network as a game-changer for the Shiba Inu ecosystem.
One such pundit is Del Crxpto, a well-known crypto analyst and expert. In a recent post on X, Del Crxpto called attention to Shibarium’s potential. The finance expert highlighted why the L2 solution could help boost SHIB’s price, championing the dream to $0.01.
$SHIB reached #3 in the world with $ETH transactions costing hundreds – thousands per… #Shibarium has free’d $SHIB of $ETH congestion & has made it affordable for everyone.
Next bull run… will be MASSIVE. #1CentDream $SHIB
— Del Crxpto (@DelCrxpto) August 17, 2023
Shiba Inu Claimed Top 3 Against All Odds
Del Crxpto called attention to the fact that Shiba Inu managed to soar to the top 3 list of largest crypto assets despite being plagued by high transaction costs from the Ethereum network.
Notably, Shiba Inu claimed a top 3 spot in 2021 amid its meteoric rally that year. The rally began in May 2021. SHIB initially surged to $0.00003043 but faced a retracement afterward.
Following the correction, Shiba Inu recovered, climbing to an all-time high of $0.00008845 in October 2021. At the ATH price, SHIB boasted a massive market cap of $37.6 billion, making it the third-largest crypto asset at the time.
Del Crxpto stressed that Shiba Inu achieved this remarkable feat while battling high transaction costs on Ethereum. Ethereum featured some of the highest transaction costs for any blockchain in 2021. However, this did not hamper Shiba Inu’s growth.
Shibarium to Catalyze Another Run
Despite the Ethereum Merge, which occurred in September 2022, Ethereum still has high transaction costs. Layer-2 solutions like Shibarium have emerged to resolve this issue and bolster transaction speed.
According to Del Crxpto, Shibarium’s arrival means freedom for Shiba Inu. The layer-2 network has freed the Shiba Inu ecosystem from the high transaction cost and congestion issues plaguing Ethereum.
This reality will likely boost the adoption rate for Shiba Inu and the Shiba Inu ecosystem. Interestingly, Shiba Inu lead developer Shytoshi Kusama recently confirmed that the Shibarium development team is witnessing more user influx than anticipated.
While this unanticipated high influx resulted in issues for investors, it also underscores the high adoption rate Shibarium will enjoy. Analysts like Del Crxpto believe this will help Shiba Inu rally by massive margins in the next bull run.
Particularly, Del Crxpto championed the dream of a Shiba Inu rally to $0.01. At its current price of $0.0000841, SHIB would need to surge by 118,806% to hit $0.01.
