![]() ![]() Until the metaverse and Layer 2 offerings arrive and show signs of traction, SHIB remains a hype-powered meme token first and foremost. While SHIB's fundamental valuation case appears to be improving with new projects on the horizon, the token remains a highly speculative investment at its core. Bear case: New projects might not amount to much If the crypto market continues to enjoy bullish momentum, it's reasonable to think Shiba Inu's token will benefit from the trend. The cryptocurrency market has made strong gains in the year's first quarter, and it appears that some weakness in the banking sector may be pushing investment dollars into crypto. In addition to a fundamental-value case that seems to be improving, SHIB could also continue benefiting from positive momentum in the broader crypto space. If Shiba Inu's layer-2 solution attracts a significant number of projects and helps them scale, this could create increased demand for the SHIB token. It will also use related tokens in the SHIB family as currencies to power its operations, which can then be exchanged for SHIB. Shibarium is designed to speed up transaction times and reduce transaction costs, pave the way for new development projects, and facilitate SHIB token burning. The Shiba Inu team has also launched the beta for Shibarium, its Layer 2 blockchain platform built on top of the Ethereum network. This will reduce the total coin count and could create positive pricing trends by making the cryptocurrency more scarce. In order to name the plots of land, SHIB tokens will need to be burned. "SHIB: The Metaverse" will allow users to buy and maintain plots of virtual land and interact with other players. The team behind Shiba Inu is gearing up to launch a metaverse. Shiba Inu has a dedicated, enthusiastic army of investors and supporters behind it, and efforts are being made to further strengthen community support surrounding the token. Bull case: New fundamentals and positive crypto-market momentum ![]()
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