Shiba Inu Coin News: One of the latest updates from the Shiba Inu team is the launch of the tier 2 scaling solution, Shibarium. According to recent updates, crypto analysts believe it will strengthen $SHIB’s reputation in the crypto market. Shibarium offers the benefits of scalability, lower costs, faster transaction times and more, which is exactly what all investors want to see. The question now is whether the launch of Shibarium can make the Shiba Inu price reach Rs.1?

Shiba Inu is a family of 1.3 million owners

The recent hype surrounding Shibarium and other promising partnerships has given the meme currency a much-needed boost.

As Coingape previously reported, Shiba Archives revealed through its official Twitter account that Shiba Inu (SHIB) has crossed the 1.3 million mark in total holders. This dog-themed meme cryptocurrency has had 25,813 holders as of January 1, 2023.

Source – CoinMarketCap

The past few weeks have been eventful for this meme coin. The Shiba Inu price, currently trading at $0.00001402 with a 24-hour trading volume of $431,723,602, has witnessed a massive increase. Many experts believe that if SHIB continues to rise, it could reach the new ATH this year. Read more news about Shiba Inu coins here…

Shiba Inu price to hit Rs.1?

The launch of Shibarium could also be an opportunity for investors to accumulate SHIB before 2023. Based on current fundamentals, Shiba (SHIB) could easily rise above Rs.1 in the near future.

For starters, a lot more people will be aware of this meme cryptocurrency because of its potential to turn ordinary people into millionaires. In addition, Shiba Inu is designed in such a way that the more people use it, the more the supply drops.

Of course, these are all conjectures and there is no certainty that Shiba will reach In Rs. 1. The only way to know is to have skin in the game (long term investment) and play it like a pro gamer.

Read also: When will Shibarium be launched? Shiba Inu Lead Dev drops hints

CoinGape consists of an experienced team of native content writers and editors who work around the clock to cover global news and present news as fact rather than opinion. CoinGape writers and reporters contributed to this article.

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

This post Shiba Inu Coin To Reach Rs.1 After Shibarium Launch?

was published first on


Write A Comment