Since its launch in 2015, the most important milestone is on the way. The merger of the Beacon chain with the mainnet was expected to take place in June of this year. It will probably be pushed back by a month or two.
The merge is a big deal for the company. Shiba Inu, as well as other popular digital token, could be impacted.
The image is from the same source.
Why would Shiba Inu be affected by the merger? There is a simple reason that the two are joined at the hip.
The Shiba Inu token is compatible with the ethereum platform. It was created as an alternative to Doge coin.
How intertwined are Shiba Inu and Ethereum? Purchases of virtual land in the Shiba Inu metaverse can only be made with the ETH token.
The proof-of-stake (PoS) protocol used in the beacon chain will be merged with the mainnet to improve the energy efficiency of the network. That will be positive news for Shiba Inu.
Will the merging of the two technologies serve as a catalyst for Shiba Inu? Don't count on it.
The anticipated merge is an important phase in the upgrade. It is not the final phase. The introduction of shard chains will come next, but not until 2023. This phase is the one that investors are most excited about, as it will increase the capacity of the ethereum block and slash transaction fees.
It is possible that the shard chains will not light a major fire beneath the price. Why? There are more than 40 of the top 100 cryptocurrencies that are built on top of the Ethereum platform. There is no reason to think that Shiba Inu would benefit more than any of his competitors.
The anticipated launch of Shibarium is the strongest argument that the phases of the upgrade will not cause Shiba Inu to explode. The layer-2 solution is expected to bring in significantly lower transaction fees for trading SHIB token, regardless of what happens with the ether upgrade.
There isn't a firm date for when Shibarium will roll out. It could happen as soon as this summer, well before the launch of shard chains on the ether.
Shiba Inu will need a different type of rocket fuel. The launch of the Shibarium could fit that bill. There are other possible catalysts on the way.
The burn portal will be in version 2.0 of the ShibaSwap exchange. Many investors are excited about the prospects of a burning strategy for Shiba Inu. The laws of supply and demand dictate that the price of the remaining token will go up.
There is a lot of anticipation about the Shiba Inu metaverse. Virtual land is for sale. It is possible that the metaverse could expand the base of Shiba Inu holders in the future.
Shiba Inu should have a number of important events on the way. The meme coin will probably not be affected by the merge.