The week has been difficult for the cryptocurrency market. However, amid the ongoing bearish drop affecting a host of assets, Shiba Inu is expected to get a much-needed boost from an upcoming Ethereum (ETH) upgrade that may be able to reverse the ongoing 12% fall affecting SHIB.
In a post to X (formerly Twitter), the project’s marketing lead Lucie noted that Ethereum’s upcoming ‘Pectra’ upgrade on Shibarium should bring a host of improvements to the ecosystem. Slated to release in April of 2025, it will merge two notable improvements into one single evolution to improve scalability, staking, and user experience.
SHIBARIUM X ETHEREUM UPGRADE
Ethereum's Pectra upgrade will make Layer 2 solutions faster, cheaper, and easier to use.
✅Cheaper Bridging – Users won't need ETH for gas fees when moving assets, reducing costs and friction.
✅Easier Onboarding – New users can start using… https://t.co/gzmwcJisUd— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) February 27, 2025
Also Read: Shiba Inu to $0.0001? Here’s What 50 Million & 100 Million SHIB Holders Could Make
Ethereum’s Pectra Upgrade to Benefit Shiba Inu: So What Does That Mean for SHIB?
The second half of February has been a difficult one for the cryptocurrency market. Look no further than Bitcoin to see the extent of the damages. Indeed, the leading crypto had reached a price of $110,000 in January of this year. Alternatively, it traded at $84,000 to end the week.
That has hit the entire asset class as a whole. However, things could be poised to turn around for one meme coin in the near term. Specifically, Shiba Inu is expected to get a boost from the Ethereum (ETH) Pectra upgrade that could help SHIB reverse its most recent 12% fall.
Also Read: Shiba Inu Outperforms Bitcoin, XRP: SHIB To $0.000025 Soon?
In the wide-ranging post, Lucie noted that Pectra will “make Layer 2 solutions faster, cheaper, and easier to use.” Moreover, she noted that this will be due to the innovative features reducing friction and aiding accessibility. “Users won’t need ETHf or gas fees when moving assets, reducing cost and friction,” she added.
This could be set to get SHIB back on track. There are some who expect a quick turnaround for the second-largest meme coin. Cryptocurrency price prediction platform CoinCodex projects SHIB to jump 116% in March of this year. Indeed, they expect the asset to reach a $0.000030 maximum price before the month is over.