We have exciting Shibarium news for you! On 16 August, 2023, Shiba Inu's Shibarium Ethereum Layer 2 (L2) FINALLY went live on mainnet, after months of beta testing, which saw millions of the Shiba Inu faithful participate and 21 million wallets created. 

On a slightly sour note, though, the Ethereum L2 scaling solution almost immediately experienced an unprecedented surge of traffic, receiving millions of "compute units of traffic within moments”, according to Khal Dhairya, a top Shibarium developer. Unsurprisingly, this traffic rush led the system to go into fail-safe mode. 

In a detailed [blog post](https://blog.shib.io/shibarium-update/) published on 18 August, Dhariya outlined the course of action. 

The Shibarium team "slowly and carefully investigated where the problem occurred and found thousands upon thousands of contract creation and normal transactions IN ONE BLOCK. At this point, the amazing system of Shibarium (proudly a fork of Polygon) went into fail-safe mode and stopped to ensure funds are safu… and they are.” 

At the time of writing, the Shibarium and Unification teams have identified numerous plausible courses of action. They are working tirelessly to "execute" these plans to "bring up the blockchain". 

Considerable FUD followed and the price of Shiba Inu [(SHIB) was affected](/news/article/understanding-shitcoins). I expect the Shibarium development team to iron out these issues at the earliest. That said, what can we realistically expect from SHIB in 2023? 

## Shibarium news: SHIB price fell after scaling solution went live 

According to [CoinMarketCap data,](https://coinmarketcap.com/currencies/shiba-inu/) SHIB started the day at just over $0.00001 (16 August). Following the launch of the mainnet and the system's almost immediate transition into fail-safe mode, widespread FUD ensued. 

![Screenshot of conversation](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_09_08_at_09_32_07_a5a5610048.png)

This screenshot went viral on X (formerly Twitter), causing incredible harm to the Shibarium system’s state. Following the minutes and hours of this screenshot going viral, SHIB’s price plummeted nearly 25% to $0.000007843 in the wee hours of the morning on 18 August. 

Dhairya's blog post on 18 August calmed some nerves, though, and the cryptocurrency's price improved, albeit slightly, to a modest $0.000008475 at the time of writing. It is no secret that SHIB will recover, and the Shibarium scaling solution will go live soon, stronger than ever before. 

Dhairya urged X "to help identify the culprit so they can be brought to justice. Such attacks upon our system by bad actors will not be tolerated." 

Given Elon Musk’s [documented affinity](/news/article/bonk-cryptocurrency) towards SHIB, we would not be surprised if action is taken swiftly. 

The real question is, what price can we expect SHIB to achieve by the end of 2023 following the Shibarium news? 

## SHIB price predictions 2023 

It is never easy to predict the price of a cryptocurrency, especially in a bear market such as ours today. We asked ChatGPT the same question, and the AI tool did not provide us with a concrete answer. Google Bard, though, gave us some fascinating insights into what could influence the price of SHIB after the latest Shibarium news. 

According to Google Bard, the Shibarium Ethereum L2 scaling solution is designed to improve performance and scalability. The L2 could prove to be an attractive option for SHIB enthusiasts and other users looking for a high-performance and low-cost blockchain. A high adoption rate could see a rise in Shiba Inu’s price. 

Similarly, increased Shibarium adoption by developers could positively affect the cryptocurrency's price. If Shibarium is seen as a solid alternative to Ethereum for decentralised application (DApp) development, several projects could be open to building on the L2. 

On 15 August, Shytoshi Kusama, Shiba Inu’s lead developer, shared [a post on X](https://twitter.com/kuro_9696_9696/status/1691483805969006592?s=20) that suggests that there are already over 100 companies building on Shibarium! [The future seems bright](/news/article/shiba-inu-crypto). 

Last but not least, positive Shibarium news could go a long way in driving the price of SHIB upwards. Following the recent Shibarium FUD, the only way forward is to move forward! 

Taking all these factors into consideration, the cryptocurrency’s tokenomics, and existing price predictions by reliable sources, SHIB could end 2023 between $0.00001 and $0.00003. It is more likely than not that Shiba Inu will end 2023 between $0.0000125 and $0.00002. 

I am not very bullish. While I believe Shibarium is solid and necessary, the crypto market's current state is such that a massive price increase is very unlikely. 

As always, please DYOR. This is merely speculation, not financial advice. Hope for the best and happy SHIBing! SHIB to the moon! 

Shibarium news: SHIB to the moon? 

[Shiba crypto](/news/article/waves-crypto) has become a mainstay in the blockchain-based economy due to the hype its community members, collectively called the SHIB Army, have conferred on the project. 

Introduced into the saturated cryptocurrency market in August 2020, a period when the centralized and decentralized finance markets were recovering from the lows suffering during the peak of the coronavirus pandemic (March and April) by Ryoshi, the "Shiba Inu Ecosystem" is one of the most popular whitepapers in the industry. 

Almost three years after its introduction, the project has experienced several highs and lows in terms of making millionaires and also plunging the portfolios of millions of others into several losses.  

Below, we take an in-depth look at the pros and cons of Ryoshi's innovation that will serve as a thesis to measure whether Shiba crypto remains one of the most underrated projects in the sector. 

## Shiba crypto has surpassed its meme status 

Shiba crypto was introduced into a market of more than 10,000 cryptocurrencies in 2020 to poke fun at the meme-inspired digital currency Dogecoin (DOGE), a project Billy Markus and Jackson Palmer launched in 2013.  

Before 2020, many developers tried to question DOGE's status as the largest meme coin by market capitalization.  

Unfortunately, they all failed to pose a strong test to the dominance of a[ coin](/news/article/vra-coin-doubles) that created several millionaires along the way.  

Unlike the others, including Dogecoin, which was also created to poke fun at the idea of Satoshi Nakamoto introducing Bitcoin (BTC) to challenge centralized finance (CeFi), Shiba has a strong infrastructure to lead the innovation into the next phase of this emerging sector.  

While Dogecoin remains on an independent blockchain that relies on the layer one infrastructure of processing transactions, Shiba has moved on to other areas, such as decentralized finance (DeFi) and the Metaverse.  

This has been made possible in large part thanks to the project’s association with Ethereum, the most popular smart contracts-backed blockchain in the industry to date.  

Despite the significant reduction in total value locked ([TVL](https://defillama.com/chain/Ethereum)) across the sector, Ethereum remains the largest DeFi chain by TVL, with approximately $26 billion, as of 12 July 2023.  

Thousands of decentralized applications (DApps) in lending, yield aggregation, exchange, and insurance have been added to the market thanks to the possibilities of Ethereum. 

Among them is [ShibaSwap](https://www.shibatoken.com/), the native decentralized exchange (DEX) of the Shiba Inu Ecosystem that provides a great way for the swapping of SHIB tokens safely and securely.  

ShibaSwap joined a new area of cryptocurrency trading platforms dominated by Uniswap, the largest DEX by trading volume, and PancakeSwap, the second-largest DEX by trading volume. 

Having seen an opportunity to draw millions onto its platform, the developers added several features to help users earn diverse passive income. Among them are dig (liquidity), bury (staking), and Shiboshis (NFTs).  

While many DEXs such as Balancer, DODO, BiSwap, QuickSwap, Synthetix, ApeSwap, SpookySwap, Thena, Maverick, Clipper, and SushiSwap records awesome monthly trading volumes, the consistent innovation being thrown at ShibaSwap has propelled the DApp to see a minimum of [$50 million](https://dune.com/hagaetc/dex-metrics) in monthly trading volume.  

With millions of users' increasing demand for anonymity, consistent upgrades of ShibaSwap, which opens the DApp to trading many cryptocurrencies and more digital collections instead of the project's products, could propel the DEX to new milestones in the future. 

## Shiba crypto has made its way into the Metaverse 

The Metaverse has been described by many as the next iteration of the internet, where we transition to Web3 from our current Web2 status. 

This means that humans can experience life through single, shared, immersive, persistent, and three-dimensional (3D) spaces using AR (augmented reality) and VR (virtual reality) technologies.  

The potential impact of this emerging space has seen Mark Zuckerberg, Chief Executive Officer (CEO) of the parent company that owns Facebook, Threads, Instagram, Messenger, WhatsApp, Oculus Quest, Horizon Worlds, Workplace, and Mapillary, rebrand his firm's name to Meta Platforms Inc.  

Metaverse's impact has extended beyond the social media sector to many facets of our daily public lives.  

In June 2022, [Ajman Police](https://www.thenationalnews.com/uae/2022/06/06/uae-police-set-up-metaverse-service-to-help-the-public/) in the United Arab Emirates (UAE) announced that citizens could meet and interact with them via the Metaverse. Avatars of officers have been made active to answer the queries of residents. 

The buzz around the Metaverse deepened in April 2022 when Yuga Labs, the development team behind the popular NFT collection Bored Ape Yacht Club (BAYC), announced a new collection borne out of what it called the [Otherside Metaverse](https://watcher.guru/news/bayc-metaverse-otherside-launch-date-released).  

This Metaverse gave birth to NFTs called Otherdeeds, which have generated more than [$1 billion ](https://www.cryptoslam.io/otherdeed)in sales volume.  

SHIB has not left its community behind and also has Shib the Metaverse, a virtual representation of the project’s collective history aimed at helping the army collect in-game resources, generate rewards, and earn consistent passive income.  

Research and Markets forecast the global metaverse market to grow by more than [$175 billion](https://www.globenewswire.com/en/news-release/2023/01/25/2594933/28124/en/Global-Metaverse-Market-Report-2023-Market-Value-to-Grow-by-Over-175-Billion-from-2022-to-2027.html) by 2027. While projects like Illuvium, Roblox, Decentraland, and Axie Infinity were mentioned, Shib remains one of the dark horses that can contribute to reaching the forecasted valuation. 

## Shiba crypto launches Shibarium in August 

Many [crypto](/news/article/is-crypto-regulated-across-the-globe) projects, such as Binance and TRON, started on Ethereum but later branched out to individual chains to boost the functionality of their respective protocols. 

Ryoshi and his team have made plans to upgrade their protocol with the launch of Shibarium in August 2023.  

This is a layer two blockchain network built on Vitalik Buterin’s chain for the Shiba Inu project. With this, the project tagged as a Dogecoin Killer due to its meme status will become a complete ecosystem. 

Some of the advantages of [Shibarium](https://cointelegraph.com/explained/what-is-shibarium-and-what-does-it-mean-for-shiba-inu) include but are not limited to seamless DApp development, increased token utility, lower fees, and improved scalability (higher transaction speeds). 

## Will the new ecosystem be safe to use?  

Yes, the protocol will be safe to use, according to Certik, a security-focused platform that monitors and analyzes DeFi projects and blockchain protocols.  

Certik gave the project a security score of [90.72](https://skynet.certik.com/projects/shib), weighted on code security, fundamental health, operational resilience, governance strength, market stability, and community trust. 

With millions of SHIB wallet addresses holding onto their tokens and a thriving ecosystem, Shiba crypto is one of the most underrated projects. And so is its native asset SHIB. 

Is the Shiba crypto project underrated? 

[Shiba Inu](/news/article/could-shiba-inu-price-reach-10-by-2024) crypto has survived the bullish days and bearish seasons of the blockchain industry to remain one of the most popular and traded digital assets in the sector. 

Despite the introduction of competitor meme coins such as Pepe (PEPE), Floki Inu (FLOKI), Baby DogeCoin (BABYDOGE), Dogelon Mars (ELON), and Milady Meme Coin (LADYS), among others, SHIB, the novel token behind the [Shiba Inu](/news/article/shiba-inu-holders-value-of-bone) ecosystem remains a medium-cap digital asset by market capitalization. 

With more than [$4 billion](https://coinmarketcap.com/currencies/shiba-inu/) in market value, the crypto token continues to see millions of dollars in daily volume, and this has led to a revision of forecasts made by analysts involved in the space.  

While the project has struggled to create the millionaires it once did during the peak of the market in 2021, it has been trending recently due to upcoming upgrades, and other events, that could propel it to new price milestones in the not-too-distant future. 

Below, we take an extensive look at some of the positives and negatives that could explain whether this meme-inspired [crypto](/news/article/what-is-gmt-crypto) is an asset you can consider adding to your investment portfolio.  

## Pros of buying Shiba Inu crypto 

Created by a group of people named Ryoshi in August 2020, [Shiba Inu ](/news/article/shiba-inu-news-will-it-rise)is one of the most impactful projects in the space aside from Bitcoin, Ethereum, and the Bored Ape Yacht Club (BAYC).  

While it was supposed to remain a joke project borne out of the meme-inspired digital currency frenzy, Ryoshi and his team have taken their innovation to the mainstream.  

Here are some pros you should consider before deciding investment-wise on the token. 

- Scarcity – Many meme coins rely on their community to lift the coin to new price milestones. Aside from that, most of them are inflationary as development teams add more coins to satisfy the needs of demanding fans without considering the effects on tokenomics. While meme projects such as Dogecoin (DOGE) remain inflationary, [Shiba Inu](/news/article/shiba-inu-price-gbp) is a deflationary token. While inflationary tokens are increased over time, deflationary tokens decrease periodically. Deflationary cryptocurrencies are subject to token burning, a process where a significant part of the virtual currency is removed from circulation. Once this happens, scarcity takes hold of the particular crypto asset. The latest [token burning](/news/article/shiba-inu-coin-burn) came on 11 July 2023, when [Shibburn](https://twitter.com/shibburn/status/1678615120648208384), an account dedicated to tracking SHIB tokens, shared with their followers that around 601 million SHIB have been burned. While many do not consider the token a store of value due to its total and maximum supply, it still possesses all the attributes of a currency. Aside from scarcity, it is non-counterfeitable, divisible, transportable, durable, and can be used to settle transactions (transactional currency). With consistent burns ahead of the token, many analysts, including [Daria Morgen](https://changelly.com/blog/shiba-inu-price-prediction/) at Changelly Blog, foresee the digital currency nearing its all-time high (ATH) of $0.00008845 in October 2021 on the back of scarcity. According to her, its value could increase to the best possible prices of $0.00002382 by the end of 2025, $0.00005009 (2027), and $0.00015853 by the year’s end of 2030.   

- Investor Confidence – You do not want a situation where you are only after a particular cryptocurrency. As of 21:00 UTC on 12 July 2023, the cryptocurrency has seen a minimum daily trading volume of around $71 million in the seventh month of the year. While trading volume is not discussed much, you should know that it plays an important role in technical and fundamental analysis. Aside from liquidity, the number of long-term holders is another area that makes SHIB a token worth considering. Data from [IntoTheBlock](https://app.intotheblock.com/coin/SHIB/deep-dive?group=ownership&chart=all) shows that the number of addresses holding the crypto for at least one year has reached a new milestone. The number of wallet addresses with SHIB for more than a year has surpassed 835,000, and they make up around 67% of all token holders. Holding onto digital currencies for a long period means anticipation of a potential rise in price in the future.   

- Ecosystem Expansion – According to multiple reports online, [Shibarium](https://blog.shib.io/) will be going live in August 2023 after its beta test went live in March. Shibarium is a layer two network, making the project a full ecosystem where all sectors of the blockchain-backed economy will be featured (Metaverse, NFTs, DApps, video games, and many more). This way, the project will not thrive on the price performance of Bitcoin (BTC) and other market movers such as DOGE to increase significantly. 

## Cons of buying Shiba Inu crypto 

The most important con of the Shiba Inu crypto project is the introduction of popular memes such as Pepe (PEPE), which has claimed a substantial part of the meme coin market over the past months. 

As the months roll over, if Ryoshi and the team do not introduce new products that compete with others in all the essential areas of the economy, the project may fail to cross the $1 milestone that’s been missing for most meme-inspired digital assets.  

Consider the above pros and cons and supplement the information here with further research. Also, weigh the risks against the rewards of buying the token. If they are in your favour, you can consider adding it to your investment portfolio. 

Shiba inu crypto coin with Shiba smiling 

Is Shiba Inu Crypto Still a Good Investment?

The Shiba Inu token Shib, the meme-inspired crypto that started as a joke, has been making news in the crypto market lately. 

The cryptocurrency has made a highly anticipated addition to its ecosystem, Shibarium L2 scaling solution. The development has been the buzz of the crypto market, and the Shib Army is optimistic about big price action on the back of the Shib news. 

Shiba Inu is the second most popular meme coin known for having an active community. Therefore, all Shib news tends to create hype for the token.  

So, is the Shibarium release gainful for the token? 

## Shib news about the release of Shibarium  

The Shiba Inu team long ago promised its community an Ethereum layer 2 scaling solution, Shibarium. It was supposed to launch in 2022, but was delayed several times. However, a pseudonymous developer, Shytoshi Kusama, has now disclosed the release of a beta testnet for Shibarium.  

In a [Shib news blog post](https://blog.shibaswap.com/shibarium-early-beta-test-is-live/), Kusama announced that the beta testers can now access the testnet. In addition, the developer mentioned that the layer 2 solutions will be using Puppynet tokens. These tokens are not real assets and are only introduced for an early beta test. Only the [Shib testnet](https://www.shibrpc.com/?ref=shiba-inu-ecosystem) is currently available, while the mainnet is still being developed.  

## Shib’s position in the market 

After Dogecoin, Shiba Inu is the most impactful [meme coin](/news/article/memecoins-whats-popular) in the crypto market. The project takes pride in its highly active and enthusiastic community known as Shib Army. Due to this, the token's value depends heavily on the market sentiment. 

The coin launched in 2020 and has seen high volatility. However, the token marked its all-time high value in the bull cycle of 2021. According to [CoinMarketCap](https://coinmarketcap.com/currencies/shiba-inu/), the token touched $0.00008845 on 28 October, 2021, and is currently down by more than 88%. The current price of Shib is around $0.00001034. 

The token has a market cap of around $6 billion. Although it is half the market capitalisation of Dogecoin, it is ranked 15th among all cryptocurrencies. This shows the [potential of Shiba Inu](/news/article/could-shiba-inu-price-reach-10-by-2024) as an asset.  

## The impact of Shib news on Shiba Inu price 

The [release of Shibarium](/news/article/shibarium-release-date-update) was first confirmed by Shytoshi Kusama in October 2022. In addition, the Shib ecosystem also mentioned the introduction of several other projects with the L2 solution. These included the addition of [SHIB: The Metaverse](https://www.shib.io/) in the ecosystem. The news exploded and created hype around the value of the Shib token.   

Just before the launch of the L2 blockchain, Shib’s price surged by more than 7% in March's first week. Curiously, it was when most cryptocurrencies showed a downward trend. In the first three months of 2023, Shib’s price increased by more than 20%.  

The Shib news announcing several projects in the ecosystem played a significant role in this price surge. It developed a positive sentiment among the investors for the token.  

The prime reason behind it was that investors became optimistic that the launch of an Ethereum L2 solution would likely increase the usage of the tokens. Secondly, the development team planned to accelerate the [Shiba Inu coin burn](/news/article/shiba-inu-coin-burn) procedure. It indicates that the price of the coin may get an upsurge. 

Moreover, investors expected that the development of Metaverse would help the ecosystem to expand. A Metaverse could open the gateway for Web3 games, NFT projects, and other decentralised applications on the platform. With more projects entering the forum, the coin’s value as an asset may increase.  

Although its price saw some positive action after the Shib news of the L2 launch, March has been quite volatile for the token. In February, the coin was floating around $0.000015, but in mid-March, its price dropped to $0.000010. However, it could affect overall macroeconomic conditions in the market.  

## What is the Shibarium L2 scaling solution? 

Shiba Inu developers have created a layer 2 scaling solution for Ethereum. It enables Shiba Inu customers to deal instantly with Ethereum. It leverages Ethereum’s security and offers scalability and efficiency to it. The layer lies on L1, using different methods like roll-ups or side chains to minimise transaction times.  

Shibarium is designed to offer lower transaction times and minimal cost. It also allows developers to use the platform and design Ethereum DApps. You can develop various other DApps using the Shibarium resources.  

## Other developments in the Shiba Inu ecosystem 

Developers are also looking to launch Shib: The Metaverse. The involvement of a project like a Metaverse means more brands from different sectors will join the platform. Various brands from the Web3 niche may opt for it to develop their offerings. 

A Metaverse may lead to numerous projects in the Shiba Inu ecosystem. It may include play-to-earn games, digital collectables, [crypto-staking](/news/article/what-is-staking-crypto) platforms, DAO-based communities, and other DeFi projects.  

Furthermore, you can purchase your virtual land on the Metaverse as an investment. Your virtual real estate can make good returns as the platform gains popularity and expands.  

## Bottom line 

Shiba Inu is among the most popular cryptocurrencies. It has the backing of an active community that completely believes in its potential. As a result, the latest Shib news related to the launch of the Shibarium layer 2 blockchains has been received warmly by the community. It even triggered an upsurge in the price of Shib. 

However, the macroeconomic factors and overall market trend have, so far, kept the coin from capitalising on positive price action. At the time of this writing, the meme coin is still trading at $0.000010. Nonetheless, the developments in the Shiba Inu ecosystem are commendable. These developments can be pivotal for the token’s success in the long run.  

shiba inu dog smiling with green backdrop

Shib News: Shibarium Release and Soaring SHIB

Is it possible that the Shiba Inu price could reach $10 by 2024?

The [Shiba Inu](/news/article/shiba-inu-holders-value-of-bone) coin, inspired by the popular dog breed, has gained a significant following in the market. Originally conceived as a joke, the coin has evolved into something more serious over time.

Since its launch, the price of the coin has undergone significant fluctuations. Although it had limited popularity initially, the coin experienced a surge in 2021, propelling it into the spotlight. The coin intends to become the Ethereum-powered equivalent of Dogecoin's mining algorithm, which uses Srypt. At the same time, introducing Shiba Inu in the [Shibaverse](/news/article/shibaverse-coin) metaverse could potentially drive up trading prices.

## Developments in the Shiba Inu ecosystem

The Shiba Inu ecosystem comprises decentralized applications (DApps), protocols, and open-source platforms that allow for the creation of smart contracts and DApps on the Ethereum blockchain. Additionally, it includes the SHIB token, which is used for purchasing goods and services within the ecosystem.

As anticipated, [Shibarium](/news/article/shibarium-release-date-update), the Layer 2 protocol of the platform, is progressing well. This advancement will allow users to transfer assets at a reduced gas cost, facilitating the completion of minor transactions through DApps supported by Shiba Inu.

Additionally, the team has enlisted new developers to enhance the platform's user interface and experience. ShibaSwap gathered close to $1 billion in locked assets in just one day, confirming SHIB's position as more than just a meme cryptocurrency. The collaboration between Shopping.io and Shiba Inu provided a further boost, as customers could utilize SHIB as a payment option on major retailers such as Walmart, Amazon, and eBay.

## Can Shiba Inu price 2024 touch $10?

The total supply refers to the number of coins that exist, excluding any that have been burned. This can be compared to the outstanding shares in the stock market. At the time of writing, there is a circulating supply of [0.549 trillion](https://coinmarketcap.com/currencies/shiba-inu/) coins, so if we think about a $10 price of these tokens, we are talking about a market cap of $5.49 trillion, which seems to be unattainable at this point.

## A Shiba Inu price 2024 of $10 seems unlikely.

As per [AMB CRYPTO](https://ambcrypto.com/predictions/shiba-inu-price-prediction-2024), the price of Shiba Inu in January 2024 is expected to fluctuate between $0.000027 and $0.000031, with an average price of approximately $0.000029.


green image of shiba inu coin on pile of cryptocurrency coins

Could Shiba Inu Price Reach $10 by 2024? 

According to Shibburn on Twitter, there have been 17,434,272 [$SHIB](https://twitter.com/search?q=$SHIB&src=cashtag_click) tokens burnt and eight transactions in the past 24 hours. Burning $SHIB lowers its circulating supply while allowing users to earn passive money.

## Shibburn portal

Anyone can use the ShibaBurn [interface](https://burn.shibaswap.com/) to send their [SHIB](/news/article/shiba-inu-coin-burn) tokens to a remote crypto wallet address, the specifics of which will not be stored. This implies that once the crypto tokens transmit to this wallet address, they can never be recovered and are thus lost forever. The objective is that with each burn, the wealth of the community rises, rewarding the long-term work to create Shiba Inu, said Shiba Inu creators in a blog post.

## The reward for Shibburn users

The Shiba Inu crypto coin, based on the Ethereum (ETH) network, was created by an anonymous developer named Ryoshi. Using the Ethereum request for comment (ERC) version 20 protocol, he has now generated another token called the RYOSHIS VISION token. 

According to details within the blog article, if you burn SHIB tokens, users will be rewarded with RYOSHI VISION tokens. Furthermore, 0.49% of all RYOSHI transactions will be given to SHIB token owners who have burned their tokens.

## Advantages of burning cryptos 

Like any other financial asset, cryptocurrencies derive their value from the economic rule of demand and supply. If an item is abundant but does not have enough demand, the price will decline, and vice versa. 

Burning SHIB crypto tokens, or any crypto token, should reduce supply and drive the price (assuming its demand stays constant or goes up). 

[Shiba Inu](/news/article/shiba-inu-news-will-it-rise) is now trading at $ 0.0000121 per (SHIB/USD) with a market size of $6.65B. The 24-hour trading volume is $386.13 million.

The coin does not support smart contracts and has no assets behind it. It can, however, it can pass from one user to another.


What is the Shibburn portal?

News of a drop in the US Consumer Price Index to one-year lows rubbed off nicely on the cryptocurrency market, as [holders of Bitcoin](/news/article/bitcoin-surge-hits-new-heights), Shiba Inu, and several other crypto assets enjoyed some nice gains.

Shiba Inu holders must be heaving a sigh of relief. Having spent the latter part of 2021 and 2022 dipping their fingers in cold water after having them badly burnt, they are enjoying some handy comfort from the recent price appreciation. Even though Shiba Inu is nowhere near its 2021 highs, the recent march from 0.00000790 to 0.00001090 (a 30% appreciation in January 2023) may have brought some value for Shiba token owners who decided to load up as soon as the crypto asset retested the lows of June 2022.

## Why are holders excited?

Several developments have emerged in the Shiba ecosystem in recent times. The SHIB team has presented the basic concepts behind Shibarium, the Layer 2 blockchain of the SHIB ecosystem.

One of the takeaways from the release is the new ability granted to users and Shiba Inu holders to access Shibarium's test tokens through private test networks.

This is in addition to removing one zero from its price (some of us were starting to lose count). There is also some buzz around a rumoured 2023 launch for the long-awaited SHIB Metaverse.

The [listing of the Shiba token on the StealthEX crypto exchange](https://u.today/shiba-inu-shib-boasts-new-listing-as-price-jumps-22-on-weekly-basis) also created some market buzz. StealthEX is a mobile app that provides non-custodial exchange and swap facilities for the three tokens that make up the Shiba Inu ecosystem.

Speaking of the Shiba ecosystem tokens, one of them is already attracting huge interest. The BONE token, which will power all transactions on Shibarium's Layer 2 protocol, is experiencing a resurgence.

After hitting exchanges at $0.4 in June 2022, it reached its all-time high of $2.39 on 30 August 2022 before hitting Q4 2022 lows at $0.60. Since the 22 November 2022 lows, the price of this Shibarium token has more than doubled. This has positively impacted the number of addresses holding Shiba Inu, growing from 1,280K on 11 January to 1,283K on 17 January. The largest Shiba token owner owns 41.03% of the total supply, according to data from Coinmarketcap.com. The next top holder is a distant second, holding just 5.59% of the total supply.

## Is BONE bringing value?

It isn't easy to quantify this. Undoubtedly, the Shiba Inu token has drawn some inspiration for its one-week performance from the BONE token's rise. However, it is too early to say if this correlation will endure or eventually break down. For now, Shiba Inu token holders may only care a little as long as the token keeps heading in the right direction.


green image of SHIBE and BONE coins on pile of crypto coins

Shiba Inu Holders and the Value of BONE

After a last-minute change of heart, it is a question challenging many in the last couple of months – just when is the Shibarium release date?

A series of delays towards the end of last year means that the release date for this eagerly awaited Ethereum scaling solution has remained a mystery. New evidence has shown that, finally, we may be moving closer toward the launch of this long-awaited 'layer 2 scaling solution'.

## ‘Layer 2 scaling solution'

Shibarium is a [layer 2 scaling solution](https://crypto.com/university/what-are-layer-2-scaling-solutions) built on top of the [Ethereum](/news/article/ethereum-merge) network. It is designed to facilitate the Shiba Inu ecosystem. In theory, this should provide thousands of users access to the myriad Ethereum-enabled applications.

Layer 2 solutions take advantage of the vast security and infrastructure benefits of layer 1 blockchains while ultimately providing cheaper and faster transactions. They achieve this by 'sitting on top' of layer 1s and using technical innovations like Roll-ups and Federated Side Chains to increase transaction times while reducing gas fees.

This helps to take pressure off a main chain while continuing to provide access to its benefits. Close association with Ethereum allows users of layer 2 scaling solutions like Shibarium access to the massive DeFi ecosystem on the world's second largest blockchain.

## Immediate benefit

What can we expect when the Shibarium release date is finally decided? It goes without question that Shibarium is one of the most highly anticipated projects to be launched in the Shiba Inu ecosystem. But just what will its launch mean in real terms?

Let's look at some of the immediate benefits.

Firstly, and most importantly, the successful launch of Shibarium will mean much lower transaction fees for those looking to develop applications on the platform. The high gas fees associated with the Ethereum blockchain are well documented. They are often a barrier to entry for those looking to get into crypto. Scaling solutions such as Shibarium promise to be much cheaper to use without losing the security benefits of the Ethereum blockchain. This is a massive draw for any developers looking to build.

Due to the [blockchain trilemma](https://academy.binance.com/en/articles/what-is-the-blockchain-trilemma), speed is often sacrificed at the expense of security. That means peak period transactions across Ethereum can slow to as little as 30 transactions per second. Because scaling solutions such as Shiberium do not access the main chain, transactions can reach into the thousands and provide much-needed scalability when it is needed the most.

This combination of cheaper and faster transactions is irresistible to developers looking to take advantage of Ethereum's stability and security. Indeed, the latest data shows that decentralised gaming application developers, such as those behind Shiba Eternity, are beginning to realise that this promising layer 2 solution provides everything they are looking for.

The successful rollout of Shibarium is sure to present more opportunities for the burning of the SHIB token, which will come as a great relief to holders of the coin. With 500 TRILLION tokens at its launch, many industry experts believe this high number is unfavourable to any future price gain. Consequently, Shibarium is expected to feature several burn mechanisms contributing to the drop in circulating supply.

With plans to launch a Metaverse project also in the pipeline, Shibarium is surely one of the projects to keep a close eye on in 2023.

The native token of the project, $BONE, has been democratically distributed by its anonymous creator Ryoshi. Like most other layer 2 solutions, node operators across the network will be rewarded in BONE for validating and processing transactions. With a circulating supply of 230 million tokens, BONE has every opportunity to be a highly tradable coin.

## Project release date - ‘close’

At the time of writing, the Shibarium release date is still unclear. However, as we are all aware, the world of crypto is unpredictable and anything can happen.

That said, the creators behind the project, Unification Foundation, are keen to get the ball rolling. An October 2022 [Twitter post](https://twitter.com/ShytoshiKusama/status/15869099) by Lead Developer Shytoshi Kusama highlighted the team's insistence on doing 'one thing at a time'.

As far as we can tell, the project has completed an internal alpha testnet phase before a public testnet phase which shows that the project release date is 'close'. It is thought that one of the key components of the project is the development of a secure and efficient wallet function. Getting this element correct is something that cannot be rushed.


blue image of shiba inu dogs smiling with shibarium shiba coin in centre

Shibarium Release Date Update

The crypto market in the UK has seen a significant jump in value in the new year, with [BTC](/news/article/buy-bitcoin-cash-uk) prices seeing a 3.45% hike and SHIB experiencing a 2.08% increase, among other cryptocurrencies. So far this year, the crypto scene has been optimistic. The hikes mentioned above have all happened over a 24-hour period alone.

And it isn't just Bitcoin and SHIB. A selection of other cryptocurrencies have seen a similar price hike. These include such altcoins as Solana (SOL), with a jump of 3.31%, and Ethereum (ETH), number two to BTC, successfully crossing the £1,143 mark with a 0.76% price hike. [Polygon (MATIC) has also seen a significant 2.61% hike](https://www.binance.com/en-IN/price/polygon).

Fetch.ai is running its bull period in full force and has seen a whopping 18.23% rise in the last 24 hours alone. The token's value has skyrocketed, by an impressive 99.43%, in the last week alone. 

Crypto prices UK are on the rise along with the global crypto market
After a bruising 2022, the cryptocurrency markets have started this year with a more positive energy. The global crypto market has seen a 2.01% increase in 24 hours. The market cap stands at £739.21billion now. There has been a 23.88% increase in the total crypto value in a day. It now stands at £46.57 billion.

## BTC hikes by 3.45%

With a 3.45% price hike in the last 24 hours, BTC is now valued at £15,394. [There has been a long wait for BTC to cross the $18,000 mark](/news/article/bitcoin-forecast-2023). 

![btc.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/btc_a60e1ac602.png)

![btc2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/btc2_fa0d093951.png)

Inevitably, the rise in price for Bitcoin, the leading cryptocurrency, has subsequently increased the trading volume by 34.55% too.
  
## SHIB rises by 2.08%

This token, which started as a meme, has seen a 2.08% hike over the last day. The crypto is now valued at £0.0000078 with a £4.72 billion market cap. The trading volume also saw a spike of 6.12% as the price increased.

![shib.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/shib_47feb1fdd0.png)

  
  


blue image of crypto prices on trading mobile app

Crypto Prices UK: BTC and SHIB on the Rise

In this article, we'll look at the latest Shiba Inu news. Before we do, let's understand what we're talking about. SHIB is a decentralised cryptocurrency founded in 2020 by an anonymous individual Ryoshi.

The SHIB is an Ethereum-based ERC-20 coin designed to compete directly with Dogecoin. The coin does not support smart contracts and has no assets backing it. It can, however, be passed from one user to another.

The latest [Shiba Inu](/news/article/shiba-inu-coin-burn) news reveals that the coin's price could [rise by nearly 150%](https://cointelegraph.com/news/shiba-inu-price-drops-to-record-low-vs-dogecoin-will-history-repeat-with-a-150-rally) compared to its top memecoin rival, Dogecoin, in the coming months, as per technical fractal.

## SHIB sets a new low against DOGE

The bullish setup appears as the SHIB/DOGE pair has recovered slightly after falling to 0.0000841 – its lowest level ever – on 1 November. Since November 2021, the price level has coincided with a descending trendline that has supported the pair.

For example, Shiba Inu's previous drop to the trendline occurred in May 2022, followed by a 100% recovery rally in the following three months. Similarly, the SHIB/DOGE pair recovered by more than 50% in less than a month in January 2022.

Interestingly for followers of Shiba Inu news, all of the SHIB/DOGE's rebound moves had their primary upside targets in the 0.0002186-0.0002536 range.

![Picture1 shib.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture1_shib_50fd8b246a.png)
 
If history repeats itself, SHIB could see a sharp bullish reversal versus DOGE, with the upside target in the 0.0002186-0.0002536 range. In other words, a 150% price increase by Q1 2023.

Furthermore, the pair's daily relative strength index (RSI) indicates extreme oversold conditions after falling to its lowest levels in history, implying that a rebound is imminent.

## SHIB price in the USD pair faces greater losses

More hints about an impending SHIB/DOGE pair rally can be found in how these [memecoins](/news/article/memecoins-whats-popular) have performed against the US dollar.

Notably, the [Dogecoin](/news/article/dogecoin-to-gbp) price increased by more than 100% in relation to the dollar in October as traders anticipated its potential integration into Twitter after [Elon Musk](/news/article/elon-musk-twitter-deal) completed his buyout of the social media giant.

Late in October, as a result, DOGE's daily RSI crossed over 95, making it the most overbought since April 2021. As of 3 November, the coin's technical condition was still overbought, suggesting that a price correction could occur soon.

To put it another way, by the end of 2022, [Dogecoin](/news/article/should-i-buy-dogecoin) could decline towards $0.055, or 60%, from current price levels.

On the other hand, Shiba Inu posted a 10.5% profit at the end of October, and, as of right now, its RSI is in the neutral 30-70 range, indicating less sell-side pressure than DOGE.

Based on recent fluctuations inside an ascending triangle range, a 10%–15% short-term price correction to $0.00001088 is still possible for the SHIB/USDT pair.

![Picture2 shib.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture2_shib_cca9687281.png)
 
However, a break below $0.00001088 raises the possibility of an ascending triangle breakdown.

When such breakdowns occur during a downtrend, the price is frequently driven to its maximum height.
In the event of a clear breakdown, Shiba Inu's price could plunge to $0.00000682, a 45% correction by Q1.



green image of altcoins and shiba inu dogs in foreground

Shiba Inu News: Will it Rise to 150%?

Looking for analysis of the Shiba Inu price in GBP and the forecast for the future? You've come to the right place. 

The week has been quite progressive for [meme coins](/news/article/memecoins-whats-popular). Where [Dogecoin](/news/article/moon-dogecoin) soared with Elon Musk’s Twitter deal, Shiba Inu also saw some positive price action. As of now, the weekly gains for the coin have reached over 19%. It is a breakout point as the [coin’s value](/coins/doge) has declined for the past couple of months. 

After this bullish rally, many investors are curious whether it is a good investment. So, here you can find the Shiba Inu price in GBP and learn when will this bull run last.  

## Shiba Inu price GBP

As of 24th November, 2022, the token's current value is $0.00008985, according to [CoinMarketCap](https://coinmarketcap.com/currencies/shiba-inu/). In comparison, in GBP, the coin auctions are at £0.00001039. 

Its market cap is £5,601,109,823, with the past 24 hours trading volume of £780,399,552. Other than the last trading week of October, the coin was showing a bearish trend.

## Is it an actual bull run?

Shiba Inu is gaining much traction in the market as it has made significant gains for the first time since 25 August. Before the 19% rise, it was showing persistent bearish trends. 

The meme coins’ rise was predicted by many analysts. One of them was David Gokhshtein, the founder of [Gokhshtein Media](https://www.gokhshteinmedia.com/). He forecasted a ‘parabolic’ movement for both; SHIB and DOGE in the next [bull run](/news/article/will-crypto-recover). 

![shib inu.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/shib_inu_fcd46d45d9.png)
 
Both these coins are seeing positive price action and have beaten other top cryptocurrencies. But will this bullish rally continue?
 
According to some experts, if the trend consolidates, it may prompt SHIB to reach the £0.000012 range. This may result in a further 20% rally. However, this trend can also experience invalidation. If its value breaches the £0.000079 level, it may decline by around 11%. It may also continue with the [bearish trend](/news/article/crypto-market-crashing) after breaching the level.



Shiba Inu Price in GBP and the Bullish Rally

Shiba Inu’s name features among the most prominent [meme coins](/news/article/meme-coins). In the bullish market of late 2021, the coin made notable gains and expanded its SHIBArmy. But amidst the recent crypto winter, the token is struggling to sustain itself.  

To keep the Shibaverse coin afloat, its developers are working to intensify the burning process. It is used by many other digital tokens to increase a coin’s worth by limiting its supply. For this reason, SHIB developers have also set up a Shiba Inu Coin burn portal that runs on a reward system. 

Here’s everything you need to know about SHIB burning!

## The Shiba Inu Coin burn mechanism

Coin burning is a standard procedure through which cryptocurrencies can remove tokens from the market to increase the price. The Shiba Inu token also uses a similar strategy to sustain its price. It has a decentralised exchange (DEX), ShibaSwap, which has recently introduced a burn portal. Through the [ShibaSwap burn portal](https://burn.shibaswap.com/), you can easily eliminate tokens and get incentives. 

## How does SHIB burn Portal work? 

The SHIB burning portal has three null wallet options. Among them, two are dead wallets, and one is a black hole wallet. First is the most commonly used dead wallet, which Vitalik Buterin also used to burn $6.7 billion tokens. The second one is for ShibaSwap listings. Whereas the Black Hole is for Shiboshi NFTs renaming. 

To burn Shiba tokens, you have to transfer them to a dead wallet. A dead wallet, aka a burning wallet, does not have a private key. So, sending your tokens to such a wallet makes them unretrievable and instantly wipes them off the market. 

The portal will give you burntSHIB tokens as incentives as you burn.

## Shiba Inu Coin burning reward system

The ShibBurn portal can give you RYOSHI tokens as rewards. However, burning SHIB would not directly yield RYOSHIs. Instead, at first, it will provide you with burntSHIB tokens. After that, you can stake these tokens in your Ethereum wallets to get RYOSHI token rewards. The yield on your burntSHIB holdings can be up to 19%.

## What’s the Shiba Inu Coin burn rate?

The Shiba Inu Coin burn portal was introduced in April this year. Since then, the SHIB Army has successfully removed more than 59 billion tokens from the circulating supply. Despite that, the current burn rate of the coin is -68.59%. Also, its price has not increased as much as the community and developers expected. 

Contrastively, as of the end of the first half of 2022, around 70 billion SHIBs have been burned. So far, the highest amount of coins has been burnt in May. 
 
![shib coin burn.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/shib_coin_burn_4db5f47ec3.png)

[Source](https://www.datawrapper.de/_/hdopE/)

## What lies ahead for Shiba Inu?

Despite having a distinguished burning portal, Shiba Inu’s price has not recovered yet. SHIB’s current price is only $0.00001078, with a market cap of $5,920,266,602. As per the SHIBQueenie estimates, for its price to even reach the $0.001 mark, over 88 trillion coins need to be burnt annually for six years. 

However, this will remove over 90% of the tokens and might not get the desired result as its hype declines. So,  a coin burn might not be the only solution for its revival. That’s why the developers need to work on more projects like Shibarium and Shiba Inu Metaverse. 







Shiba Inu Coin Burn: How does it work?

There's a new Metaverse cryptocurrency on the block, and it's called Shibaverse Coin! This innovative new currency is bringing a whole new level of security and privacy to the world of digital currencies.

Unlike Bitcoin and other popular cryptocurrencies, VERSE is based on a completely new algorithm that makes it more secure and anonymous than anything else out there for the Metaverse community. If you're interested in getting in on the action, read on to learn more about this exciting new crypto currency!

## What is Shibaverse, and how does it work?

Shibaverse Coin is a digital currency that is based on the Litecoin blockchain. It is an open-source project that was created to provide a more user-friendly and accessible way to use cryptocurrency.

The coin has a unique, Shiba-themed design and is intended to be used as a tipping currency on social media platforms. Unlike other digital currencies, VERSE can be easily mined on any computer without needing specialized equipment.

The coin also has a high level of security due to the use of the Litecoin blockchain. Transactions are faster and more secure than traditional banking methods, making [Shibaverse Coin](https://coindecimal.com/shibaverse-coin/) an attractive option for those looking for an alternative to traditional currency.

## What makes Shibaverse unique compared to other cryptocurrencies?

VERSE is a unique cryptocurrency that offers a variety of benefits compared to other coins. For one, it is faster and more efficient than many other cryptocurrencies. It also has a lower transaction fee, making it more affordable.

In addition, VERSE is more secure than other coins, with an advanced encryption system that helps to protect users' personal information.

Overall, VERSE provides a superior experience to other cryptocurrencies, making it the best choice for those looking for an easy and efficient way to transact.

## How can investors get involved in Shibaverse, and what risks are involved?

Shibaverse is a new cryptocurrency that offers investors a way to get involved in the "Shiba Inu economy." The coin is named after the popular dog breed and features a Shiba Inu character on its logo.

Investors can buy it through exchanges such as Binance and Kucoin. The risks involved in investing in VERSE include the volatility of the cryptocurrency market, as well as the possibility that the project may never launch.

However, some investors believe that the potential rewards of investing in VERSE outweigh the risks. The team behind it has plans to use the funds raised through the sale of the coin to build a decentralized exchange and launch a social media platform. If successful, these projects could help to increase their value of it.

## What impact could Shibaverse have on the cryptocurrency market as a whole?

Shibaverse is a new Metaverse cryptocurrency gaining popularity due to its unique features. Unlike other cryptocurrencies, VERSE uses a new data structure called a Directed Acyclic Graph (DAG).

This allows for faster transaction times and lowers fees. In addition, it is backed by a company called Shiba Inu Ltd, which gives it more stability than many other cryptocurrencies. As more people become aware of it and its advantages, its popularity will likely continue to grow.

This could have a major impact on the cryptocurrency market as a whole, as more investors seek alternative coins with different features. Only time will tell what the ultimate impact is, but it is clear that it has the potential to shake up the status quo.

 For more developments on the crypto news go to [Latest Moni](/news).


Shibaverse coin- cryptocurrency for the metaverse

The simple answer to the question 'what are meme coins' is that they are coins inspired by a joke on existing popular cryptocurrencies.

Most meme coins are short-term gain coins, meaning they are not coins you should hold for long. Instead, the deal is to buy and sell off once you make your gain.

Many meme coins are currently on the crypto market, including [Dogecoin](/coins/doge), Shiba Inu, Safemoon, and Kishu Inu.
Why sell off the meme coins so fast, you may ask. Though most meme coins are gain-making coins, they cannot be trusted. Meme coins have an intense volatility volume, and they cannot be predicted at all. A meme coin may be down one minute then rise so high the next - and this goes both ways.

To invest in meme coins, you must be fully watchful, cautious, and know when to pull out your investment. Meme coins have made cryptocurrency investors millionaires, but many have also suffered significant losses.
[Fear of missing out (FOMO)](https://blog.switchere.com/what-is-fomo-crypto-a-brief-explanation-definition/) and greed are two traits you shouldn't have when investing in meme coins, or really in any coin in the crypto space.

The value of a meme coin comes from the number of people that value it. The coins are often meaningless and with no purpose, but most have the capacity to make investors richer quickly. Or poorer.
You could call them surprise coins as that's what they do; they are full of surprises, both negative and positive.

## Are Meme Coins Worthwhile Investments?

Anything that brings a profit is worthwhile, but in the case of meme coins, you have to be thinking short term. You must be on your toes all through the period of investing.

Whether you choose meme coins or not, investing in cryptocurrencies can involve risk and requires a high level of care. It is essential to DYOR (do your own research).

Also, remember that some meme coin offerings are scams. There have been many cases of scam coins being pumped high at the beginning and then dumped, so the value dips quickly and catches investors out.
Be on the safe side: DYOR and invest wisely.

## General View of Meme Coins

A lot of people think very little about meme coins. When the trend began, serious crypto investors ignored them as a waste of time. However, that attitude has changed due to the spectacular profits some of these coins have made people.

## Conclusion 

If you choose to invest in meme coins, understand that they are highly volatile and come with risk. Do your research and invest carefully.


Meme Coins Explained

As altcoin season approaches, picking an altcoin to invest in can be a tricky thing. And for investors, knowing which coin will be on the rise next is imperative.

First, altcoins are cryptocurrencies that aren't [Bitcoin](/news/category/blockchain-news); after the release of Bitcoin in 2009, all other coins were released, and they were called altcoins. Over time as Bitcoin grew in value and popularity, so did altcoin. And in today's world, altcoins have lots of investment models, one of which is altcoin season.

As the usage of altcoin increases and becomes dominant in the market, investors are more than ever keenly interested in the altcoin season—a period where these coins could reach a record high. As of 2021, many coins reached record highs, and 2022 is no exception. That's all the more reason people are very interested in this season - altcoin season - and investors, enthusiastic alike, eye the season.

## Altcoin Season is Here

The price of Bitcoin is cyclical, and it only halves once every four years. As the price of Bitcoin went up and after its halving event, the altcoin season officially began. Now investors know altcoins with small market caps are about to go up, and they are keen on new investment opportunities.

So if you're thinking of the right altcoin to invest in this period, here are a few basic ones you could invest in:

### [Ethereum](/news/category/ethereum-news-today)

Ethereum is the essential altcoin. If you don't own Ethereum, you need to buy, and if you own, you could broaden your investment by buying more if you can. Some bullish news like a move to PoS, a possible upgrade to Ethereum 2.0, means the coin will see a significant rise in coming times. 

### Shiba Inu [SHIB](https://coinmarketcap.com/currencies/shiba-inu/)

SHIB is another good coin to buy in 2022, and the main reason is; that the meme coin buzz made coins like SHIB see massive growth. When it was introduced in October 2021, it saw a 1000% growth within a month. Considering this trend, SHIB is another coin to see massive growth as we move through 2022. More so, with the launch of ShibaSwap - a new decentralized exchange - the currency is still very much expected to grow.

### MANA - Decentraland

The buzz around metaverse has got people interested in crypto more than ever. Decentraland is at the forefront of metaverse development. Decentraland is a game consisting of a digital virtual world, where users can buy in-game items, like land, to develop with and characters.
Items in the game are in the form of NFTs. As the metaverse expands, with major tech companies like Meta and Microsoft leading development, coins used in the metaverse garner more interest. And MANA is no exception. Decentraland, a major metaverse game with coin MANA, will see much interest in 2022 even in the coming years.

### BLOCK

Lucky Block is changing the lottery industry one step at a time for the better. BLOCK is used to invent the way lotteries are being played by reducing draw times, improving transparency, and increasing the chance of winning. With these innovations, the coins have garnered interest not just in the lottery industry but also publicly. And the way the currency is built is that the supply reduces over time, and this makes the prices go up. So buying this altcoin now can be beneficial as its value is expected to rise.

## Final thought

Altcoins are expected to see a massive rise in the coming weeks; that's guaranteed. Buying one of these altcoins listed above will be an ample investment opportunity.


4 Coins to Watch this Altcoin Season

The cryptoverse is awash with stories of record returns from cryptocurrency meme coins like Doge and, more recently, Shiba Inu.

However, does the hype match the reality and how wise is it to invest in a meme stock?

## What is a Meme Coin?

A meme coin is essentially a cryptocurrency which is based on a joke or a meme and uses that tenet as its primary marketing feature.

The most well-known meme coin is Doge, which is based on the famous meme of the same name.

However, unlike other cryptocurrencies, meme coins are generally used for trading or investing with little to no utility.

That said, meme crypto Shiba Inu has seen a massive spike in interest over the last six to 12 months and has recently been accepted for payment in a Paris restaurant.

## Open-Source Technology

Many cryptocurrency projects are a result of open-source technology essentially meaning that the creators share the code which enabled them to build the original project.

This revolutionary approach to development has helped provide the catalyst for the boom in crypto over the past three to four years. Many new entrants ‘fork’ from an original code to produce an entirely new coin with a slight modification. Doge, for example, is a fork from the original Litecoin code.

## Meme Coin Hype

So, what is all the hype about? As I mentioned above, the majority of meme coins on the market today are used for trading and investment purposes with buyers looking for an opportunity to purchase the next Shiba or Doge coin before they hit the big time.

With stories of $8,000 becoming $5.7 billion in a little over a year it is easy to understand why. However, with 222 meme coins listed on coinmarketcap.com, picking the next investment rocket may be easier said than done.

## A Serious Investment?

As more capital pours into meme stocks people will continue to sit up and take notice. This, in turn, is bringing more serious investment and leading to developers looking for ways to upgrade the network and provide meme coins with an actual use case which is something we have seen this week in Paris.

Latest Moni

Latest SHIB News

Read the latest SHIB news.