Shiba Inu (SHIB) launched its Shibarium layer-2 network in 2023. While many anticipated the asset’s price to take off due to more utility, SHIB’s price did not rise as many anticipated. Although there have been some developments on Shibarium, the number of applications on the network is still quite low. However, this aspect could change in the near future.
Real World Use Cases on Shiba Inu’s Shibarium Network
The Shibarium network could see significant growth over the next few years. The network’s speed and low transaction fees could be an attractive facet that brings more developers and users to the Shiba Inu ecosystem. Retail purchase, e-commerce, and gaming are three sectors that could see substantial development over the next few years. NFTs for in-game characters and accessories also have a lot of growth potential.
Also Read: The Real Reason Why Shiba Inu Has Struggled Since 2021
Apart from Shibarium, Shiba Inu’s ShibOS platform is another part of the SHIB ecosystem that could generate substantial momentum. ShibOS aims to help businesses transition from Web2 to Web3. The Web3 space is expected to grow at unprecedented speeds over the coming years. Shiba Inu’s ShibOS could capitalize on the demand for Web3 transitions.
Will SHIB’s Price Benefit?
Many fans and investors believe that another massive burn could propel Shiba Inu’s (SHIB) price to new heights. However, lead developer Shytoshi Kusama had stated that burns alone will not help SHIB’s price. The project needs more adoption for better growth and price rallies.
If more people flock to the Shiba Inu ecosystem, the demand for SHIB will consequently grow. This is why we need more development on Shibarium. More applications and real-world use cases will greatly improve SHIB’s current predicament. Despite its popularity, SHIB is still lacking in real-world utility. More development will significantly increase SHIB’s chances of hitting a new all-time high.