Shibarium layer-2 network can be a key factor in helping Shiba Inu breach the $0.01 mark.
The ‘1 Cent Dream’ seems to be growing stronger, as every single investor who placed money on Shiba Inu wants the token to reach $0.01. The path to breach 1 Cent is aplenty with constant business and community ‘burns’ among others. However, the Shibarium layer-2 solution is a dark horse that can push SHIB on the path to breach the $0.01 milestone.
Stock and crypto analyst Del Crxpto, who was the first to coin the iconic phrase the ‘1 Cent Dream’ took to Twitter predicting that Shibarium will push SHIB towards a steady growth trajectory. He predicted Shibarium will directly contribute to SHIB’s price rise and take it to the finish line of 1 Cent.
“#Shibarium L2 directly contributes to the #1CentDream. Anyone who does not understand how $BONE & $LEASH directly contribute to freeing $SHIB from ERC-20 congestion is doing injustice to the #ShibArmy.”
“When $SHIB is free from ERC-20 congestion and high gas fees, everyone will be able to afford $SHIB. When $SHIB is for everyone, $SHIB will make a #1CentDream come true for everyone who had the #ThinkMacro vision,” he tweeted.
Del, claims that Ethereum’s high gas fee is the reason which has kept several investors away from investing in Shiba Inu. The upcoming Shibarium layer-2 solution will reduce the congestion and make it affordable for investors to buy the token.
The Shibarium layer-2 network would drastically reduce the burden of gas fees and therefore add more investors into its fold. This could open the floodgates of another batch of new and first-time investors when the word is out (after release).
In other words, Shibarium can attract heavy buying pressure, make transactions affordable and also make the token available for everyone.
The development can push Shiba Inu find another path to reach the ‘1 Cent Dream’.
What is Shiba Inu ‘Shibarium’?
Shiba Inu’s Shibarium is a layer-2 solution that would run on top of the Ethereum platform. It would be a blockchain of its own similar to Ethereum but would charge lesser gas fees for transactions. Shibarium will be an in-house platform for all transactional purposes in the Shiba Inu ecosystem.
Nonetheless, a tentative release date for Shibarium is not revealed yet. However, it is expected to be launched sometime this year. At press time, Shiba Inu was trading at $0.00002377 and is down -4.4% in the 24-hours day trade.