Could Shiba Inu (SHIB) really be on the verge of a major breakout? Recent predictions from crypto analyst Jeremie Davinci suggest it might just be the case. He believes that the price of SHIB could take off if the challenges surrounding the Shibarium layer-2 blockchain are addressed. With the token’s burning mechanism aimed at reducing supply and the potential for a market-wide bull run, there are compelling factors at play. But what does it really take for a meme coin to rise from the ashes? In this article, we’ll explore the key elements that could fuel SHIB’s ascent and share insights on its future landscape.
TL;DR
- Jeremie Davinci sees SHIB soaring if Shibarium’s adoption and utility issues are addressed.
- The price may also benefit from Shiba Inu’s token burning mechanism, which aims to reduce the circulating supply, alongside a potential bull run in the broader cryptocurrency market.
SHIB Can Explode if This Problem Gets Solved
Despite underperforming in the past few months, the popular meme coin remains the subject of bullish price predictions. One of those came from the well-known figure in the cryptocurrency space – Jeremie Davinci.
To the uninitiated ones, the analyst has been promoting Bitcoin (BTC) as a long-term investment and has been a vocal supporter of the cryptocurrency for many years. In a video from 2013, he advised people to purchase the asset when its price stood at a mere $1.
Earlier this week, he suggested that Shiba Inu (SHIB) could go “to the moon,” but this progress would rely heavily on Shibarium’s advancement.
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