Shiba Inu Price Prediction as Shibarium Beta Transactions Approach 10 Million – SHIB Adoption on the Rise?

cryptonews.com:

Shiba Inu (SHIB), the world’s second most popular and largest crypto meme token by market capitalization that lives as an ERC-20 token on Ethereum, has been range bound in the $0.00000850-0.0000090 area over the last few days.

The bears have been catching their breath after sending the cryptocurrency cascading lower earlier this month.

But near-term price predictions remain bearish.

At current levels in the $0.0000086s, SHIB was trading with losses of around 14% this month and is down around 45% versus its earlier yearly highs in the $0.000016 area.

SHIB is still up around 8% on the year.

But that pales in comparison to the gains seen in major cryptocurrencies such as Bitcoin, which is currently up in the region of 65%.

But the price action belies the fact that recent developments within the Shiba Inu (SHIB) web3 ecosystem have been largely positive.

For example, the beta version of Shiba Inu’s layer-2 Ethereum scaling solution Shibarium continues to perform exceptionally well and will soon hit 10 million transactions, as per puppyscan.shib.io.

Indeed, the number of daily transactions taking place on the network recent surged to around 400,000, suggesting that there is a lot of interest in Shibarium, implying the Shibarium mainnet launch should be a big success.

Shiba Inu community members and supporters hope that the launch of Shibarium will be the beginning of a new era of growth for the Shiba Inu web3 ecosystem and could lead to a rise in adoption.

The layer-2 scaling solution should mean much lower transaction fees, which act as a deterrent for SHIB trading and Decentralized Finance (DeFi) activity on the Ethereum blockchain.

According to comments made recently by Shiba Inu marketing specialist LucieSHIB, the Shibarium mainnet