Is Shiba Inu a Buy Now?
Things are starting to look up for Shiba Inu (CRYPTO: SHIB), which is still one of the most popular meme coins in the world. Shiba Inu is up 25% for the year, but the best may be yet to come. The cryptocurrency is about to launch a new tech upgrade known as Shibarium that has the potential to significantly boost the utility of its blockchain.
Some Shiba Inu investors, as might be expected, predict that the launch of Shibarium will send the meme coin skyrocketing. In fact, there are some very aggressive estimates out there for what the tech upgrade could do for the price of Shiba Inu. Are they right, or is this just more hype and speculation?
The big question is whether Shibarium can solve Shiba Inu's utility problem. Simply stated, there's not a lot that you can do with Shiba Inu right now, other than hoard it and hope that it transforms you into a crypto millionaire one day. Yes, some merchants accept Shiba Inu as a form of payment, but many of these options have limited appeal.
Source Fool.com
