Although the SHIB price has dropped over 75% this year, the Shiba community is looking forward to the new year with optimism and anticipation. the launch of the Shibarium layer 2 (L2) scaling solution as well as possible new payment integrations.
After the crypto winter of 2022 hit the SHIB course hard, excitement about various upcoming developments and innovations within the project continues to grow.
Since its all-time high in October 2021, the token has traded at a Damping over 90% disappointment for its investors, but will it live up to the high expectations of the community in 2023?
Read our current price prediction for SHIB here.
Possible launch of the Shibarium already in early 2023?
As lead developer Shytoshi Kusama told the community on Twitter, Shibarium will be available very soon – but not during the holidays. He also said that next year is important for humanity, which he probably meant to indicate the launch of the L2 Shibarium scaling solution.
Bundles Community members are demanding, Shibarium is ready now and the development team is just waiting for the right time for its release. Others think it will take longer because the anonymous Shytoshi usually tends to procrastinate.
An unverified screenshot of a Discord message shows that Shytoshi could reveal his true identity by the end of the year. So far, however, this has not happened.
Businesses Accept Shiba Inu Payments
The popularity of Shiba Inu has prompted some companies to integrate payments with memecoin. For example, accept GameStop and Nordstorm Payments in SHIB via Flexa while Twitter allows its users to support their favorite streamers with memecoin donations. Additionally, crypto payment service NOWPayments is pushing for popular subscription services like Netflix and Spotify to also accept payments in Shiba Inu.
However, such integrations pose some challenges for businesses: Regulatory uncertainty and high concentration of Shiba Inu tokens in large Ethereum wallets (the so-called Ethereum whales) embody high risk. Almost 70% of the SHIB supply is controlled by whales. This gives them the opportunity to destabilize the price and push it further if they sell in large quantities.
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