The highly-anticipated layer-2 scaling solution, Shibarium, is set to launch soon, leading many to anticipate that it could catalyze a Shiba Inu ($SHIB) price rally.
By enhancing transaction speeds and cutting costs, Shibarium promises to increase $SHIB’s utility and reignite excitement post-launch.
Other meme coins, such as Wall Street Memes ($WSM) and Shibie Coin ($SHIBIE), might also capitalize on the rising investor interest due to Shibarium’s launch and its potential impact on the wider market.
1. Improved Utility for $SHIB
The first reason that Shiba Inu could turn bullish after Shibarium’s release is the vastly improved utility it will provide the token.
By implementing layer-2 technology to boost transaction speeds and cut network fees, Shibarium will make $SHIB a far more practical option for those looking to make transactions and payments.
With the ability to send $SHIB faster and cheaper, real-world adoption and usage of the token could increase significantly.
This expanded utility will likely boost demand as more individuals and businesses seek to acquire $SHIB to leverage its new capabilities.
According to data from Cryptwerk.com, only 767 merchants worldwide accept $SHIB – a figure that could rise post-Shibarium.
Ultimately, any demand increase would translate into more positive price movements, which would be further bolstered since $SHIB also has a built-in burn mechanism.
2. Renewed Hype Around the Shiba Inu Ecosystem
In addition to enhanced utility, the launch of Shibarium will likely boost the hype and investor interest around the Shiba Inu ecosystem.
The community has been waiting for Shibarium’s release for a while, meaning its launch is primed to generate tremendous excitement.
Cryptocurrencies often thrive on momentum, which is even more pronounced for meme coins like $SHIB – meaning the post-Shibarium phase could drive new token investment.
Additionally, $SHIB holders will be encouraged that the Shiba Inu team delivered on their promises, potentially convincing a percentage of the investor base to purchase more tokens.
This could create a snowball effect, where the price rises and FOMO ensues, leading more people to buy $SHIB.
Ultimately, a successful Shibarium rollout will kickstart the project’s momentum again, igniting the bullish sentiment around $SHIB from an investment perspective.
3. Increased Likelihood of New $SHIB Use Cases
The third factor likely to turn $SHIB bullish after Shibarium is the expanded adoption it could fuel by enabling new use cases.
By improving transaction efficiency, Shibarium opens the door to creating uses for $SHIB that weren’t previously viable.
This includes use cases related to NFTs, metaverse integrations, blockchain gaming applications, decentralized finance (DeFi) platforms, and more.
With a more scalable platform, decentralized application (dApp) developers are more likely to build their platforms on Shibarium, which will drive further adoption of $SHIB.
As of now, ShibaSwap is the only noteworthy platform on the Shiba Inu network, serving as the ecosystem’s native DEX
But with Shibarium lowering network fees and enabling faster transactions, the path is clear for many more dApps to be deployed.
This influx of new products and services could attract fresh users to the ecosystem, spurring demand for $SHIB.
Which Other Meme Coins Could Benefit from Shibarium’s Release?
While Shiba Inu stands to gain the most from Shibarium’s release, other meme coins could also capitalize on renewed investor interest.
Two meme coin projects worth watching that could ride the Shibarium hype are Wall Street Memes and Shibie Coin.
Wall Street Memes Presale Nears $23 Million Raised Ahead of Shibarium Launch
Wall Street Memes ($WSM) is an emerging meme coin that has raised nearly $23 million during its presale phase.
This impressive traction is thanks to the community interest around the $WSM token, which is available for $0.0331.
The creators of Wall Street Memes have leveraged their previous experience developing the popular Wall St Bulls NFT collection, which sold out rapidly back in 2021.
Now the creators aim to bring the same community-building expertise to the meme coin space with the release of $WSM.
A full 50% of the total $WSM supply is being allocated to presale participants, highlighting the community-focused approach of Wall Street Memes’ creators.
The other half will be split between exchange liquidity, marketing, and rewards.
Demand for $WSM shows no signs of slowing, with the project’s Telegram channel seeing hundreds of new members join daily.
$WSM demand has also been boosted by Wall Street Memes’ ambitious roadmap, which showcases plans for Tier-1 CEX listings and even a $1 billion market cap.
All in all, Wall Street Memes’ potential is clear – setting it up to benefit from the meme coin buzz that will likely surround Shibarium’s launch.
Visit Wall Street Memes Presale
Shibie Coin Also Looks to Ride Post-Shibarium Hype
Shibie Coin ($SHIBIE) is another brand-new meme coin that could benefit from the release of Shibarium’s mainnet.
This unique project brands itself as a Shiba Inu-Barbie crossover, aiming to capitalize on the hype surrounding the viral Barbie movie.
The token also leverages the popularity of “Doge-themed” meme coins, such as $DOGE and $SHIB.
Shibie Coin’s presale has been an instant hit with investors, raising over $265,000 in just two weeks.
Alongside $SHIBIE’s provocative branding, demand has also been spurred by the token’s low price of $0.000167.
According to Shibie Coin’s whitepaper, the project’s distribution structure has been designed with the community in mind, given that 60% of the total supply is reserved for presale investors.
This means over half of the $SHIBIE tokens will be in the hands of early adopters – establishing a broad token holder base essential for community engagement.
With Shibie Coin’s Twitter account seeing significant growth, the project’s social media marketing push is bearing fruit, positioning it to benefit from Shibarium’s long-awaited release.
Visit Shibie Coin Presale
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