{"id":50746,"date":"2025-03-09T11:30:37","date_gmt":"2025-03-09T11:30:37","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=50746"},"modified":"2025-03-09T11:30:37","modified_gmt":"2025-03-09T11:30:37","slug":"shiba-inu-shib-to-the-moon-but-under-this-crucial-condition-bitcoin-advocate-weighs-in","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=50746","title":{"rendered":"Shiba Inu (SHIB) \u2018to the Moon\u2019 But Under This Crucial Condition (Bitcoin Advocate Weighs in)"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Jeremie Davinci sees SHIB soaring if Shibarium\u2019s adoption and utility issues are addressed.<\/span>
\nThe price may also benefit from Shiba Inu\u2019s token burning mechanism, which aims to reduce the circulating supply, alongside a potential bull run in the broader cryptocurrency market.<\/p>\n

<\/a><\/span><\/h2>\n

SHIB Can Explode if This Problem Gets Solved<\/h2>\n

Despite underperforming in the past few months, the popular meme coin remains the subject of bullish price predictions. One of those came from the well-known figure in the cryptocurrency space \u2013 Jeremie Davinci. <\/span><\/p>\n

To the uninitiated ones, the analyst has been promoting Bitcoin (BTC) as a long-term investment and has been a vocal supporter of the cryptocurrency for many years. In a video from 2013, he advised people to purchase the asset when its price stood at a mere $1.<\/span><\/p>\n

Earlier this week, he <\/span>suggested<\/span><\/a> that Shiba Inu (SHIB) could go \u201cto the moon,\u201d but this progress would rely heavily on Shibarium\u2019s advancement.\u00a0<\/span><\/p>\n

\u201cI like Shiba Inu, as you know, and I think it will do relatively well in this cycle, but it may not go as high as you expect. I think Shiba Inu has a lot of utility now that they have Shibarium, and basically, it\u2019s a chain that you can <\/span>actually<\/span> run all kinds of applications.<\/span><\/p>\n

However, nobody is using it, and there are no applications for using your tokens on Shibarium yet. If they get that solved, Shiba Inu will go to the moon,\u201d Davinci stated on X.<\/p>\n

Shibarium serves as the meme coin\u2019s layer-2 blockchain solution <\/span>and <\/span>is specifically<\/span> designed<\/span> to foster its development.<\/span> It aims to reduce transaction fees, enhance scalability, and improve speed.\u00a0<\/span><\/p>\n

During the first months of the year, the protocol made the headlines by processing multi-million transactions daily. In February, the total number of transactions on the network <\/span>surpassed\u00a0<\/span><\/a>900 million. Over the past several weeks, though, Shibarium substantially stalled its progress.<\/span><\/p>\n

The decline might signal lower user activity or challenges in adoption or usage by developers and dApp creators. <\/span>This<\/span>, in turn,<\/span> could lead to less demand for SHIB tokens and a potential downward pressure on the valuation.<\/span>\u00a0<\/span><\/p>\n

Additional Catalysts<\/span><\/h2>\n

Another factor that might positively impact the price of the self-proclaimed Dogecoin killer is the Shiba Inu burning mechanism. <\/span><\/p>\n

Its ultimate goal is to reduce the tremendous circulating supply of the asset, and substantial burns combined with non-decreasing demand should have a positive effect on the valuation. Since adopting the program, the team and the community have <\/span>sent<\/span><\/a> over 410.7 trillion tokens to a dead wallet, leaving approximately 584.3 trillion in circulation (which remains <\/span>quite<\/span> significant).<\/span><\/p>\n

Last but not least, SHIB\u2019s price rally might depend on the overall condition of the cryptocurrency market. Meme coins often mimic the ongoing trend in the sector, meaning they could head north in the event of a renewed bull run for BTC and the leading altcoins.\u00a0<\/span><\/p>\n

\u00a0<\/p>\n

\u00a0<\/span><\/p>\n

The post Shiba Inu (SHIB) \u2018to the Moon\u2019 But Under This Crucial Condition (Bitcoin Advocate Weighs in)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Jeremie Davinci sees SHIB soaring if Shibarium\u2019s adoption and utility issues are addressed. The price may also benefit from Shiba Inu\u2019s token burning mechanism, which aims to reduce the circulating supply, alongside a potential bull run in the broader cryptocurrency market. SHIB Can Explode if This Problem Gets Solved Despite underperforming in the past […]<\/p>\n","protected":false},"author":0,"featured_media":50747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-50746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/50746"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50746"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/50746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/50747"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}