The post Will Shibharium Release Act As A Catalyst For The Shib Price in 2023? appeared first on Coinpedia Fintech News

Shiba Inu is one of the market’s most well-known meme coinage. Many are attempting to determine the coin’s future for the months and years ahead as it draws more investors. 

Shiba Inu’s value dropped significantly as the general cryptocurrency markets became bearish in 2022. As of November 2022, the popular meme token had lost 74% of its value since the beginning of the year. 

At its all-time high, SHIB reached a price of $0.00008845. It is now trading at $0.0000090 per token. SHIB, like many other coins, has been impacted by the repercussions of the FTX meltdown, which has pushed the price down to these levels.

Let’s examine what the predictions for the currency in 2023 show.

Shiba Inu Community Bullish for 2023 

The layer 2 Shibarium’s debut and prospective new payment integrations have the Shiba Inu community optimistic for the coming year. From its peak in October 2021, the token has fallen by more than 90%. Will it be able to meet the community’s high expectations in 2023? is the question on everyone’s mind.

Shytoshi Kusama, the lead developer, took to Twitter to inform the community that Shibarium would be released very soon, but not during the New Year’s Eve party. He also affirms that next year will be ‘critical for humanity,’ implying that Shibarium will be released in 2023.