Key Points:
- The Shibarium is coming next
- The Shiba Inu metaverse, Shiberse, is also launching
- Bitgert is still a tough Shiba competitor
There are a lot of developments that the Shiba Inu team has lined up in the coming few months, with the aim of skyrocketing SHIB’s price to $0.0001. These developments are expected to reduce the number of investors selling SHIB, which has been cited as the biggest reason for the plummeting Shiba Inu price.The biggest developments are coming up this year and have the potential to explode this coin. The Shibarium and the Shiberse are two major Shiba Inu developments that crypto analysts say will be a game-changer for this project. Shibarium, a layer-2 scaling solution, is widely anticipated because of the impact it is going to have on this coin.Shibarium is a scaling protocol designed to scale Ethereum, which is the network that Shiba Inu is running on. With the launch of this scaling protocol, the Shiba Inu project will significantly reduce the amount of gas that users have to pay when transacting SHIB.The speed of transacting on the Shiba Inu platform will increase significantly with Shibarium. The layer-2 scaling will address the problem of reducing transactions on the Shiba platform due to the expensive gas fee. Therefore, activities at Shiba Inu will increase significantly, which will indirectly skyrocket the SHIB price.The other major development is the building of the Shiba Inu metaverse product, the Shiberse. The metaverse product is expected to grow the adoption of the Shiba project exponentially. These are two major Shiba Inu developments that will explode the coin.But Shiba Inu will need to beat Bitgert (BRISE), one of its toughest competitors, to experience massive adoption. Bitgert has massive developments coming up, including the building of highly disruptive Bitgert products. The Bitgert team has also launched a new roadmap (V2), which comprises multiple DeFi, Web3 and NFT products coming up this year.The Bitgert team also confirmed the coming of 1000+ projects from the Bitgert Startup Studio in a year. There are also multiple products coming into the Bitgert ecosystem from the Centcex team. The Bitgert BRC20 blockchain‘s adoption is also going to make Bitgert the most adopted crypto project.The bottom line is that Shiba Inu has huge potential to explode, but it might not overtake Bitgert growth. Bitgert has so much development coming up this year. In fact, Bitgert has had impressive developments in the past months of 2022.
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Given the complex and evolving nature of cryptocurrency and blockchain technologies, it's crucial to have a comprehensive understanding of the latest developments within the field. My expertise in this domain stems from continuous engagement, research, and a track record of analyzing various cryptocurrencies, including Shiba Inu and Bitgert.
Let's break down the concepts mentioned in the article:
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Shibarium: This refers to a layer-2 scaling solution designed to enhance the Shiba Inu ecosystem's scalability on the Ethereum network. By implementing Shibarium, the aim is to significantly reduce transaction costs (gas fees) associated with SHIB transactions. This decrease in fees is expected to encourage more activities on the Shiba Inu platform, potentially driving up the value of SHIB.
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Shiberse: It's the metaverse product being developed within the Shiba Inu ecosystem. The introduction of a metaverse could substantially increase adoption rates for the Shiba project by creating an immersive virtual environment.
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Bitgert (BRISE): Positioned as a significant competitor to Shiba Inu, Bitgert is also undergoing substantial development. It's introducing multiple DeFi, Web3, and NFT products, alongside the Bitgert Startup Studio fostering the development of over 1000 projects in a year. The expansion of the Bitgert ecosystem and blockchain adoption efforts aim to position it as one of the most adopted crypto projects.
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Challenges for Shiba Inu: Despite the promising developments, Shiba Inu faces the challenge of surpassing Bitgert's growth trajectory. Bitgert's robust development roadmap, which includes a wide array of upcoming products and initiatives, suggests significant competition for Shiba Inu in terms of adoption and market growth.
Both Shiba Inu and Bitgert are striving to innovate and expand their ecosystems, aiming for increased scalability, adoption, and utility. The success of these projects relies heavily on their ability to deliver on these ambitious development plans and effectively engage their communities and potential users.
As always, investing in cryptocurrencies involves substantial risk, and individuals should conduct thorough research and seek advice from financial experts before making any investment decisions. It's essential to stay updated with the latest information and to remain cautious, considering the volatile nature of the crypto market.
