With the success of cryptocurrency, people have shown ample interest in looking for topics like wallets that supports Cardano, or which is the best hardware wallet for Cardano, etc on crypto-based websites. Bitcoin has been a famous cryptocurrency and is still known to lead the pack of altcoins. However, it is not the only cryptocurrency left in the crypto verse to gain prime attention now. There are many alternate coins now to hold attention. One such is Shiba Inu. But today we are going to put emphasis on Shibarium and find out whether it will cause a boost in the price of the latter meme coin and bring more investors.
Shiba Inu began its journey as a popular crypto meme coin and created a lot of buzzes among crypto explorers. Very soon it rose to remarkable popularity dragging the attention of most investors and traders in the past few months. Witnessing the tremendous success of SHIB, people even started terming it a Dogecoin killer. And now efforts have been taken by the Shiba Inu team to look for newbie methods aiming to enhance the network and draw investor traffic to result in more popularity of SHIB.
Shibarium & its ultimate objective
And one such method to make it possible is Shibarium. This comes as a new decentralized exchange that is expected to escalate the price of Shiba Inu to attract more investors. Let us know more about it further. As per the update of Shiba Inu’s lead developer and another main player, the launching of the Shibarium is to be next week. A tweet has brought much excitement among the SHIB’s enthusiasts.
But some people have doubts about the authenticity of the source information. And this is genuine to be so since there has been no official data that validates the claim. One of the users of Twitter has also mentioned that it would be foolish to rely on the early tweet. The announcement of the release of Shibarium won’t be done by a YouTuber.
Responding to the tweet appearing on the initial claim of a YouTuber, Shytoshi Kusama, the primary Shiba Inu developer has mentioned that if he is right then one owes an apology to him. And this brings the confirmation of the launch of Shibarium the much-awaited Shiba Inu project.
Will Shibarium result in boosting the price of SHIB?
Shibarium comes as a newbie decentralized exchange that has been created especially for the Shiba Inu ecosystem. It aims to provide a seamless and secure platform to boost trading of not only SHIB tokens but other tokens that fall under the Shiba Inu ecosystem and is created on the Ethereum blockchain. The project has been under work by some experienced blockchain specialists and seasoned programmers with detailed knowledge of the Shiba Inu ecosystem.
The main role of the Shibarium will be to resolve the persisting problems in the DEX system. These include high fees and pathetic speed of transactions which makes it difficult for traders in executing deals instantly and effectively. Coming to the question is whether Shibarium results in boosting the price of SHIB for a faster and low-priced platform for trading SHIB. Its ability in trading SHIB on a DEX will provide a new use case for Shiba Inu. And this will certainly lead to a huge demand for this crypto meme currency and can also result in its price hike.
Finally, there is a possibility, that Shibarium will certainly enhance the value of Shiba Inu and will also increase investor traffic for the Shiba Inu ecosystem. Most investors will find this platform more appealing in terms of investment possibility all because of its amazing benefits including speed, less price, and interoperability of blockchain apps and wallets. With the efforts of the team, Shibarium will soon become a top innovation in the crypto space.