Shiba Inu (SHIB) and the broader cryptocurrency market experienced a significant decline recently due to the SEC’s lawsuit against Binance and Coinbase. However, there are signs of a market recovery. In the past 24 hours, SHIB has seen a modest 0.5% increase, while Bitcoin (BTC) has risen by 4.6% during the same period. 

Despite the losses suffered in the past year, SHIB enthusiasts and users remain optimistic about the upcoming Shibarium launch, which is expected to compensate for these setbacks.

According to Shiba Inu’s lead developer, Shytoshi Kusama, the highly anticipated layer-2 protocol Shibarium will launch sometime between June and August. Influential SHIB figure “Lucie” also mentioned the possibility of a Q2 or Q3 launch, though testing issues could cause delays. Currently, the development process is progressing smoothly.

The question now arises: with the introduction of Shibarium, how far can SHIB soar? Will this popular dog-themed cryptocurrency shed more zeros and potentially reach its target of $0.01?

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Will Shiba Inu Achieve $0.01 with the Introduction of Shibarium?

Introducing Shibarium’s mainnet brings potential benefits for Shiba Inu, including a possible increase in its price. The adoption of the network is expected to grow, leading to higher demand for the Shiba Inu memecoin. While it is unlikely for Shiba Inu to reach $0.01, which would require a significant gain of 123,662.3%, the release of Shibarium could still result in price appreciation for SHIB. 

The launch may reduce the number of zeros in SHIB’s price, and as the crypto markets stabilize, SHIB could experience further adoption and price gains. Currently, SHIB is trading at $0.00000801, with a slight decrease of 0.3% in the past hour.

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