Is the SHIB bull market coming soon?

Popular X user Henry recently claimed to have explored over 500 cryptocurrencies to determine which ones are "gems with 100x potential," and Shiba Inu (SHIB) has secured a spot among the famous club.

The analyst stated, "The SHIB movement has only just begun," adding that this meme coin still has significant room for growth due to the increasing adoption of Shibarium and the enthusiasm for token burns. Henry is not the first to predict that the second-layer blockchain solution might positively impact Shiba Inu's price. Recently, Bitcoin advocate Jeremie Davinci said:

"You know, I like Shiba Inu, and I think it will perform relatively well in this cycle, but it might not be as high as you expect. I believe now with Shibarium, Shiba Inu has a lot of utility; basically, it is a platform where you can actually run various applications.

However, no one is using it yet, and there are currently no applications where you can use your tokens on Shibarium. If they solve this problem, Shiba Inu will go to the moon."

Shibarium officially launched in the summer of 2023, aimed at promoting the meme coin ecosystem. Earlier this year, the total number of transactions processed by the protocol surpassed the milestone of one billion.

Henry also reminded that analysts predict Shiba Inu's price will rise significantly this year. This market observer expressed an optimistic view, anticipating that Shiba Inu's price will rise dramatically this year, breaking all past ATH levels and reaching at least 790%.