Is SHIB heading to the moon? Shibarium Might Spark a Significant Surge by Capturing a 10% Share of Ethereum’s Total Value Locked (TVL)

Shiba Inu (SHIB) is expected to experience significant growth as the Total Value Locked (TVL) in Shibarium aims for 10% of Ethereum’s TVL. Additionally, SHIB is projected to reach a new all-time high this year through its token burn strategy. This month, Shiba Inu (SHIB) has excelled, boasting an impressive 30% increase over the past 30 days. Our market data shows that the asset has achieved a 250% increase on its weekly price chart and a 20.00004540% rise on its daily chart. Currently priced at $22,023 with a market capitalization of $22,024 billion, SHIB ranks as the 22,024th largest cryptocurrency. Although SHIB seems to be influenced by the overall market surge, its recent performance has also been notably driven by the increase in Shibarium’s Total Value Locked (TVL). As of now, its TVL is nearing the $20.000011 million threshold. Interestingly, experts suggest that the increase in network activities might enable Shibarium to attain 0.000033453% of Ethereum’s total value locked (TVL) of $20.00003345 billion. In numerical terms, a 2500% increase would elevate Shibarium’s TVL to $20.000081 billion. This suggests that its present total value locked (TVL) would need to increase over 2000 times to achieve that level. Analysts suggest that this growth margin is not feasible, as it would necessitate an extraordinary rise in adoption. Nonetheless, SHIB might still see a price increase through its burning strategy. As mentioned in our earlier news update, Grok3 has noted that the asset could potentially reach $0.01 if extensive adoption occurs, increased utility is observed, and a substantial amount of the supply is removed. At the same time, Shiba Inu has introduced a Shibarium DApp store featuring over 1,200 decentralized applications, as mentioned in our blog post on Shiba Inu (SHIB) price analysis.