• Shiba Inu (SHIB) is a top cryptocurrency among retail investors due to its high development potential.
• The wide adoption of cryptocurrencies can affect the price of SHIB in the future.
• The Shiba Inu community is awaiting the release of Shibarium, a layer-2 scaling solution which will benefit the environment by speeding up and lowering the cost of transactions.
What is Shiba Inu (SHIB)?
Shiba Inu (SHIB) is an ERC-20 token that keeps staying among the top cryptocurrencies among retail investors due to its high development potential. It has quickly become one of the market’s most frequently discussed cryptocurrencies as more people continue to deal in cryptocurrencies.
What Factors Affect The Price Of SHIB?
The demand for SHIB may climb along with investor interest as more people continue to deal in cryptocurrencies. Additionally, SHIB could see an increase in worth from any important partnerships or developments such as Shibarium, which is a layer-2 scaling solution being eagerly awaited by the community without having an official release date yet.
How Is Shibarium Expected To Benefit The Environment?
Shibarium is expected to improve scalability on Ethereum by speeding up and lowering the cost of transactions, thus benefiting the environment. Additionally, it will work with Ethereum (ETH) to carry out transactions on the Shibarium ecosystem, lightening the total burden thereby optimizing blockchain performance and efficiency.
What Is The Current Price Of SHIB?
According to CoinMarketcap, SHIB currently trades for $0.00001253 with a $279,474,649 hour trading volume at present time and has decreased by 4.17% during the past 24 hours.