The Shibarium network, created to enhance the Shiba Inu ecosystem, recently reached a significant milestone by processing over 1.5 billion transactions. Experts discuss price growth prospects for the SHIB token in light of this achievement.
Shibarium's Achievements
The total number of transactions processed on the Shibarium network has surpassed 1.5 billion. Additionally, over 267,000 addresses have interacted with the network, while the total number of blocks has reached almost 12.5 million. Shibarium was specifically designed to reduce transaction fees, improve speed, and enhance scalability within the Shiba Inu ecosystem.
SHIB Price Forecast
Despite Shibarium's milestone, the SHIB token remains in the red zone, currently trading at around $0.00001313. Some factors suggest the price may head north soon.
Condition for SHIB Growth
However, experts believe that real utility and applications for the tokens on Shibarium must be addressed for meaningful growth. For instance, Bitcoin advocate Jeremie Davinci noted, 'Shiba Inu has a lot of utility now that they have Shibarium, and basically, it’s a chain that you can actually run all kinds of applications. However, nobody is using it, and there are no applications for using your tokens on Shibarium yet.'
Shibarium's achievements confirm the growing interest and development of Shiba Inu as a platform, but for further price growth, real applications and token utilization in the network are essential.
