Shibarium | L2 Blockchain Launch date January 2023, Price myths and Burn mechanism

Photo Credits: bombolo.in

What is Shibarium?

Shibarium is the Shib ecosystem's layer-2 blockchain solution being built over the Ethereum chain to improve its scalability, lower transaction ($gas) fees and improve the network's transaction speed. The L2 chain is predicted to be capable of computing a million transactions very second.

What are the key features of Shibarium?

Shibarium comes with a host of new features such as in-built burn mechanism, improved transaction speed and lower gas fee. Such features has potential to attract many new projects to be built over the Shibarium chain which in-turn will increase the chain's value as well as the coin's value.

Salient Features:

1. Improve scalability.

2. Lower gas fees.

3. Improve transaction speed.

4. In-built burn mechanism & deflationary tokenomics.

When is Shibarium launching?

Shibarium is launching on the 2nd week of January 2023.

How will the $SHIB prices go after the Shibarium launch?

After the Shibarium launch, although the hype is predicted to boost the current coin's value by 70% initially, the ecosystem will gain its true momentum only after it starts attracting new or existing projects to be built or migrate to the shibarium blockchain.

2023 is predicted to be a good year for the Shib ecosystem and analysts believe the coin's value to reach $0.0001 by the end of 2023.