Summary:
Shiba Inu (SHIB) is a memecoin that aims to surpass Dogecoin’s market cap. With the launch of Shibarium, a layer-2 blockchain within its own ecosystem, this goal may be achievable. If SHIB had Dogecoin’s market cap, it would be worth $0.000011 per coin, offering a potential upside of 45%. Shibarium could create more demand for SHIB by providing faster and cheaper transactions on the Ethereum ecosystem. The launch of Shibarium was initially expected in May but is now set for two weeks after August 11. The impact of Shibarium on SHIB’s price will depend on overall market sentiment, demand for the token, and other positive developments in the SHIB ecosystem.
Key Points:
– Shiba Inu wants to surpass Dogecoin’s market cap.
– Shibarium is a layer-2 blockchain that could help SHIB achieve its goal.
– SHIB could be worth $0.000011 if it had Dogecoin’s market cap.
– Shibarium will offer a decentralized exchange, metaverse, and blockchain games.
– The launch of Shibarium was delayed but is now expected after August 11.
Hot Take:
Shiba Inu’s launch of Shibarium could have a significant impact on the price of SHIB. If successful, it may help SHIB reach its goal of surpassing Dogecoin’s market cap. However, the extent of this impact will depend on various factors, including overall market sentiment and demand for the token. Investors should consider these factors before making any investment decisions.
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