These nine game-changing offerings highlighted by Shiba Inu marketing specialist Lucie could help SHIB reach the coveted price of $0.001 or $0.0001.
Several Shiba Inu community members are not giving up on the dream of SHIB’s potential rally to $0.001 or $0.0001. These enthusiasts have remained bullish on SHIB despite the asset’s recent low prices.
At press time, SHIB is currently trading at $0.00000774, up 2% over the past 24 hours, according to CoinGecko data.
SHIB to $0.0001 or $0.001
For SHIB to reach $0.0001 from the current price of $0.00000774, the token will need to rally 1,191%. In a similar development, the token would require a remarkable surge of 12,819% to reach $0.001.
Although the possibility of SHIB hitting $0.0001 or $0.001 could seem daunting from its current price, many fans have remained optimistic.
Shibarium Relaunch Fuels Community’s Hope
The optimism is mainly backed by the relaunch of Shibarium, Shiba Inu’s L2 blockchain. Notably, the Shiba Inu team has reiterated that part of Shibarium’s goal is to burn a massive chunk of SHIB’s 589 trillion circulating supply.
The team plans to achieve this feat by using a part of Shibarium’s transaction fees to buy and burn the token. However, Shiba Inu’s marketing expert, Lucie, urged the community to expect Shibarium’s impact on SHIB burns within the next eight to twelve months.
The number of SHIB tokens incinerated via Shibarium will solely depend on the network’s adoption. As many users adopt the L2 network for transactions, more SHIB tokens are expected to be burned, and vice versa.
Shibarium Adds 553 Wallets and 97K Transactions In 24 Hours
Meanwhile, Shibarium has been recording impressive feats since its launch. At the time of writing this line, the number of wallets that have interacted with Shibarium now stands at 1,118,203 (1.11 million).
Similarly, the L2 network has a total transaction count of 1,195,760 (1.19M), according to data from Shibariumscan. It bears mentioning that Shibarium had recorded 1,117,650 (1.11M) wallets, processing 1,098,480 (1.09M) transactions as of yesterday.
Consequently, the network has added 553 wallets and 97,280 transactions within 24 hours.
With adoption considered the major factor that can accelerate SHIB burns, Lucie recently shared nine Shibarium offerings that can lure both small and large corporations into using Shibarium.
9 Game-Changing Offerings to Take SHIB Beyond $0.001 or $0.0001
In a tweet yesterday, Lucie pointed out that Shibarium can help businesses save costs. According to her, businesses will be required to pay minimal transaction fees, enabling firms to manage their budgets effectively.
Secondly, Lucie highlighted Shibarium’s scalability feature as an essential offering that could make the L2 network the ideal choice for businesses.
Thirdly, the marketing specialist pointed out the speed it takes Shibarium to process transactions. Per the specialist, Shibarium’s speed could help businesses to save time.
According to Lucie, the rollout of Shibarium has made blockchain tech affordable for businesses of all sizes. Different businesses can access the L2 blockchain without having to fulfill stringent obligations.
For the fifth point, Lucie said Shibarium has a global reach, adding that businesses can easily connect with a worldwide audience.
Furthermore, Lucie stated that Shibarium is built on Ethereum’s solid architecture, thus providing adequate security for assets owned by businesses.
According to Lucie, another important offering that makes Shibarium an ideal network for businesses is its smart contract feature. She noted that the feature allows businesses to automate tasks, streamline transactions, and mitigate reliance on intermediaries.
In addition, the Shiba Inu marketing specialist said Shibarium provides a cost-effective way for businesses to explore the world of decentralized finance (DeFi).
Lastly, Lucie asserted that Shibarium is eco-friendly. Per Lucie, Shibarium consumes less energy, thus contributing positively to a “greener world.”
It is worth mentioning that as more businesses adopt Shibarium due to the offerings highlighted by Lucie, the network’s transaction rate is expected to spike tremendously in the future. Consequently, the number of SHIB tokens that will be incinerated will also increase significantly.
As more SHIB tokens are incinerated, the faster the token could hit the coveted price of $0.0001 or $0.001.