- Shibarium will not have a direct positive impact on SHIB, Shiba Inu’s native token.
- Analyst believes Shibarium’s will primarily impact BONE, its native utility token.
- Clay thinks Shibarium’s effect on SHIB would be indirect and insignificant.
According to Clay, the host of the ClayBro YouTube channel, Shibarium will not have a direct positive impact on SHIB, the native crypto of the Shiba Inu ecosystem. Clay believes Shibarium will primarily impact BONE, the layer-two protocol’s utility token. He thinks Shibarium’s effect on SHIB would be indirect and insignificant.
Clay noted the recent bounce on SHIB, accompanied by a corresponding nudge on Bitcoin, the flagship cryptocurrency. He thinks the upward price movement could signify a positive development in the crypto industry. However, he thinks Bitcoin’s price would need to reclaim the $30,000 price level before triggering a sustainable bull run.
The renowned crypto analyst explained that Shibarium’s indirect impact on Shiba Inu cannot independently drive SHIB’s price. According to him, any positive outcome from Shibarium adoption will primarily focus on BONE, the protocol’s gas token. He further explained that SHIB would only benefit from SHIB burns.
In line with that development, Clay noted that Shibarium will not burn any SHIB until there is an increase in the burn transaction fees. Hence, he thinks the discussions within the Shiba Inu community linking Shibarium to SHIB’s rally are deliberate. According to Clay, it is an effort by the ecosystem team to promote SHIB.
Clay explained the factors that could drive SHIB’s price in the next bull market, one of which is regulatory clarity. He also believes that institutional support would play a significant role in driving SHIB’s price in the future.
According to Clay, more institutions will be willing to invest in the cryptocurrency space when there is regulatory clarity. He believes combining these two factors will attract hundreds of millions and possibly trillions of dollars to flow into crypto. He considers this combination one of the biggest reasons that would support a SHIB rally.
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