It is no longer news that the crypto market is presently experiencing a spontaneous decline in activities and other significant market indices.
Amid the prevailing bearish market outlook, most crypto projects have struggled to remain afloat. Notedly, top cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), etc, were not spared from recording losses.
On the other hand, cryptocurrencies that seemed to show prospects of becoming a hit soon were also affected, with Shiba Inu (SHIB) appearing to be among a few of the most unlucky crypto projects.
Recall that the launch of Shibarium, Shiba Inu’s Layer-2 scaling solution, coincided with the time the broad crypto market appeared exceedingly bleak.
In a nutshell, the present market state remains part of the reasons why the Shibarium’s launch appeared not to meet the speculated hype before its launch.
Nevertheless, despite the declining market state, Shiba Inu enthusiasts seemed unperturbed. They continued speculating bullish sentiments on the coin’s market value. The positive market outlook expressed by Shiba Inu enthusiasts could stem from keeping faith with Shibarium.
It is worth noting that 357 million SHIB tokens were removed permanently from Shiba Inu’s circulating pool within 24 hours of Shibarium’s launch; this is a testimony of the technology’s impact on improving Shiba Inu’s market activities.
In light of Shiba Inu’s positive price sentiment, we shall evaluate the investment sum required to accumulate $500,000 if Shiba Inu succeeds in hitting two of its highly speculated price targets.
At the time of writing, Shiba Inu’s price is $0.00000843, and our calculations would revolve around this price.
