Shiba Inu Price Prediction as Shibarium Beta Test Launched

Shiba Inu Price prediction is here. Shiba Inu unveiled the highly anticipated beta version of the Shibarium protocol over the weekend, causing a flurry of excitement among cryptocurrency investors. Its launch has sparked several conversations among investors and traders about Shiba Inu Price Prediction. 

Shibarium, as Shiba Inu's Layer 2 blockchain technology, has the ability to deliver enormous advantages to the Shiba Inu ecosystem, which might have a beneficial influence on Shiba Inu price prediction.

Shibarium has a substantial influence on the burn rate of SHIB, Shiba Inu's native token. Each transaction on Shibarium results in the burning of a proportional number of SHIB, lowering the overall supply of the token. 

This technique guarantees that SHIB's worth and scarcity are retained, which plays a crucial role in its long-term performance and enhances Shiba Inu price forecast.

Shibarium is also used to bring out the usefulness in all of the other tokens in the Shiba Inu ecosystem, which includes a complex interconnectedness of numerous protocols. 

With the release of Shibarium, traders and investors are now keeping a careful check on SHIB and its accompanying measures in order to make educated Shiba Inu price predictions, as they anticipate a considerable rise in the token's value in the near future.

Shibarium's introduction has already prompted massive whale transaction activity on the network, with many investors keen to profit from the protocol's potential benefits and make their own Shiba Inu price forecasts. 

The Shiba Inu ecosystem is primed for even greater success now that the new roadmap is in place, as Shibarium and other planned advancements present new opportunities for traders and investors alike, enhancing Shiba Inu price prediction.

In short,

• Shiba Inu launched beta version of Shibarium protocol, creating excitement among crypto investors.

• Shibarium has potential to bring immense benefits to Shiba Inu ecosystem and impact Shiba Inu price prediction positively.

• Emergence of Shibarium sparked whale transaction activity on network, with investors eager to capitalize on potential benefits and make Shiba Inu price predictions.

• New roadmap brings opportunities for traders and investors, boosting Shiba Inu price prediction.

Shiba Inu Price Prediction

Shiba Inu is now trading at $0.000011 USD with a 24-hour trading volume of $465,554,420 USD. Shiba Inu has increased by 8.49% in the previous 24 hours. SHIB is currently ranked #15 on CoinMarketCap, with a market cap of $6,066,100,854 USD. The circulation supply is 549,063,278,876,302 SHIB coins, and the maximum supply is not known.

Source: CoinMarketCap

Shiba Inu Price Prediction: Daily Chart

We have a three-month chart for Shiba Inu below, which illustrates how well the cryptocurrency has rebounded in the last month. SHIB is presently stabilising at 0.0000100 USDT after falling as low as 0.00000772 USDT in recent weeks.

SHIB has attained a Price index of 30, which we also refer to as a bottom, according to the indications. After this, SHIB is projected to increase sharply and break over the resistance level of 0.0000152.

Furthermore, owing to the forthcoming introduction of Shibarium, a layer-2 upgraded network of SHIB, the price is likely to climb as demand for the currency increases and coins burnt in transaction fees.

Channel down pattern indicating that the price will go further upward which shows a positive sign. MACD is in the red zone and the histograms are getting reduced. This move shows that bears are getting out of the market and bulls can come at any moment.

The RSI is at 41 and still keeping its head up. Bitcoin price prediction shows that bulls can enter at any moment as the token getting over the oversold market.

 

Source: TradingView

Shiba Inu price prediction may peak in 2023, according to analysts from a reputable cryptocurrency firm. SHIB cryptocurrency must maintain its current accumulation rate, as factors such as Shib burn rate are skyrocketing.

Shiba Inu coin price may rise in 2023, as Shiba Inu price has risen by approximately 28.78% year to date. While the Shiba Inu coin price remains below the 20, 50, 100, and 200-day moving averages.

Shiba Inu Price Prediction: Hourly Chart

Based on the current trendline, it appears that Shiba Inu is experiencing a downward movement in its price. However, this trendline has also triggered a short bull run, which suggests that the price may increase in the short term.

Additionally, there was a spike in volume on Monday, which indicates that there is significant interest from investors in Shiba Inu. This increased volume could potentially drive up the price of Shiba Inu in the coming days.

Therefore, while the current trendline shows a downward movement, the short bull run and increased volume suggest that the price of Shiba Inu may experience some volatility in the short term. It's difficult to predict the exact price, but with sustained investor interest and a bullish trend, Shiba Inu could potentially see an increase in price in the near future.

 

Source: TradingView

Shiba Inu Metaverse Shibarium Glimpses

The SHIB community's trip to SXSW was well worth it. Fortunately, a few members were willing to share their experiences. Following the premiere, some clips of the Metaverse experience surfaced, depicting scenic scenery with high mountains. "Scorchia" also clarified that no VR headset is required to enter the Shiba Inu Metaverse.

"Brandikono" also showed a very small section of the mountain landscape, with a temple hidden on top. A massive suspension bridge connects the mountains. She also stated that more views of the Shiba Inu Metaverse will be revealed.