by Analytics Insight March 12, 2022
Shiba Inu could reach $0.001 after Bitgert network launches Wrapped Shiba Inu token.
The price of the Shiba Inu coin is falling and the last 30 days show that the coin is falling sharply. The coin has dropped over 30% in the last 30 days at the time of this writing. But the forecast for the Shiba Inu is that it could reach $0.001 after the Bitgert network launches the Wrapped Shiba Inu token on its chain.
The biggest problem with the Shiba Inu token, despite its lack of utility, was the cost of the transaction. It is an Ethereum-based token and as such, high gas fees on the Ethereum chain reduce its performance. But Bitgert (BRISE) makes life better for Shiba Inu. Read more below:
Bitgert
The Bitgert BRC20 blockchain is working to make transactions possible for all other major cryptocurrencies through the use of wrapped tokens. Bitgert’s packaging technology will enable iterations of the largest cryptocurrencies to allow traders to transact on the Bitgert chain with zero gas fees. The Shiba Inu will be one of the tokens on the Bitgert chain.
A transaction in the SHIB shell will cost the zero gas fee that the Brise network offers, which is 0.00000000000001. The effect of the wrapped SHIB on the Bitgert chain is to increase the number of transactions, and this will lead to an increase in demand for the coin. This is how Bitgert can let the Shiba Inu reach $0.001. More wrapped tokens will be available on the Bitgert chain.
Centrex
The Bitgert blockchain will offer wrapped tokens for a range of leading cryptocurrencies, and Centcex could be one of them. This is because Centcex could become one of the most popular tokens in 2022. The Centcex project has been one of the most promising projects on the market because of the products the team is building. The team will develop one of the largest products for the Centcex ecosystem.
Centcex products will include all the most popular blockchains on the market. These are staking programs, dApps, exchanges and much more. So Centcex can also get the same distribution as Bitgert, especially with a wrapped token on the Brise chain.
shiba inu
With the Shiba Inu token wrapped on the Bitgert blockchain, the fastest and cheapest chain, there is a high chance that the coin will hit $0.001. This means removing two zeros from the current price of the Sheba coin, which is $0.0000223. This will be a huge increase, which will be driven by the cheapest gas price, which is almost zero.
The expensive transaction cost of the Shiba Inu token has been one of the biggest obstacles to the growth of this coin. The ERC20 token means that the cryptocurrency will use the high gas fees of the Ethereum network. This is why the number of transactions on the Shiba Inu network has been falling lately. But the Bitgert chain can return the coin.
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Analytics Insight is an influential platform dedicated to ideas, trends and opinions from the world of data-driven technologies. It tracks the development, recognition and achievement of AI, big data and analytics companies around the world.
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