Shiba Inu (SHIB) and its Layer-2 scaling solution Shibarium are strongly connected, albeit in a subtle way. The present growth pattern between the token and the smart contracts platform demonstrates that a continuous surge in all major indicators in Shibarium typically results in an increase in the price of SHIB.
Despite this realisation, Shibarium’s analytics seldom show persistent development. At the present, the smart contracts platform’s account growth metrics are constant, with a current count of 64,104, up from 63,639 on January 17.
While this development is obvious, it stands in stark contrast to the number of active accounts on the network, which has been fluctuating over the last month. According to current data, Shibarium has 724 active accounts as of February 16, down from 1,009 the previous month.
The same decreasing effect has been observed in the price of SHIB, which is presently consolidating after experiencing a parabolic run with a 3.39% increase over the previous seven days. At the time of writing, the price of SHIB is $0.000009701, having given up the zero it erased earlier this week.
Plotting future of Shiba Inu
The introduction of Shibarium sends a reassuring message to Shiba Inu users and supporters in general, demonstrating that the meme coin is now making a crucial transition from a fun token to one with huge usefulness.
In the long run, Shiba Inu is projected to gain from the flood of new users into Shibarium, who are likely to place a greater demand on SHIB to engage with the different decentralised apps that will be released on the protocol in the future.
Overall, Shib Army members foresee a spike to one cent per token in the future, with Shibarium and the burning campaign playing a significant part in achieving this aim.
