In October 2021, Shiba Inu posted a whopping rally, climbing 1000% in 30 trading days. The phenomenal rise made the token-meme the talk of the town in the crypto market, which brought SHIB many new investors, and leading crypto exchanges around the world rushed to add the asset to their platforms.
Even now, the demand for Shiba Inu remains constant despite the token being 70.6% below its all-time high.
In addition, organizations around the world accept SHIB as a means of payment, thanks to which the token is widely adopted. Recently, a private doctor in Venezuela announced the acceptance of SHIB as payment, a decision followed by several coffee shops.
Such optimistic news was picked up by several analysts who decided that Shiba Inu could repeat part of his stellar run. In their opinion, this will be facilitated by the development and scaling of the network.
Accordingly, it is Shibarium that can be the key for Shiba Inu to repeat the price increase in October 2021. The announcement by the meme coin team of the launch date of blockchain level 2 could lead to a giant price jump and a new all-time high.
It is clarified that the price jump may occur between the date of the announcement of the launch of Shibarium and the actual launch day. In the future, the excitement may fade, although it is possible that Shibarium will provide a steady increase in the price of SHIB.