Atomic Wallet Integrates Shibarium, Giving 5M Users Access to Shiba Inu’s Layer 2

Key takeaways

• Shiba Inu (SHIB) revealed that Atomic Wallet, a popular non-custodial crypto wallet, now supports Shibarium-native cryptocurrencies, including SHIB, LEASH, and BONE
• Shibarium has enjoyed rapid adoption since it launched in August, processing almost 3.5 million transactions within its first 90 days
• The SHIB price prediction algorithm expects a significant surge of more than 2x by the time the next Bitcoin halving event takes place in April 2024

Shibarium-native cryptocurrencies now supported on Atomic Wallet, could this help to boost adoption even further?

The current price of Shiba Inu (SHIB) is $0.000009147 after the meme coin climbed +2.33% in the past 24 hours.

Shib announced in a recent post to the community that Atomic Wallet has begun to support Shibarium, the newly launched layer-2 blockchain for Shiba Inu. Atomic Wallet supports 5 million total addresses, and each user is now able to store and send SHIB, BONE and LEASH tokens using a Shibarium-native wallet directly on the platform.

Huge shoutout to @AtomicWallet for joining the Shibarium party! ? Now, 5 million Atomic Wallet users can dive into the Shibarium universe with full support for $BONE, $SHIB, $LEASH ? #ShibaArmy let’s show some love! ?? https://t.co/7LAABy32T1

— Shib (@Shibtoken) November 15, 2023

Shibarium launched in August 2023, and despite teething problems at the beginning, has since gone on to enjoy a rapid adoption rate. Shibarium surpassed a major adoption milestone in early September when 1 million wallet addresses were registered on the blockchain, which has now processed almost 3.5 million transactions at the time of writing.

Shibarium enjoys rapid adoption, while Shytoshi Kusama hints at the project’s future plans

Shibarium’s recent integration with Atomic Wallet is the latest in a series of bullish developments for the blockchain since it first went live back in August. 5 million Atomic Wallet users will now gain easier access to Shibarium, to add to the 1.26 million wallets that have already been registered directly on Shibarium itself. Since launch, the project’s development team has been busy optimizing network performance.

This follows a recent announcement from Shiba Inu that it has launched a decentralized identity service on Shibarium known as Shib Name Service (SNS). SNS introduces human-readable wallet addresses on Shibarium for the first time, enabling all users of the layer-2 network to personalize their on-chain address. This helps to improve the user experience with simpler and more memorable log-in systems for dApps on Shibarium.

It’s thought that the launch of Shibarium and the introduction of a human-readable wallet upgrade are paving the way for an “everything app” to be created in the Shiba Inu ecosystem. Shytoshi Kusama, Shiba Inu’s pseudonymous founder, posted a cryptic message that took aim at Elon Musk while suggesting that Shibarium could become a comprehensive on-chain experience over time.

Shibarium has enjoyed consistent growth since it first launched, via ShibariumScan

Algorithm predicts +125% gain for SHIB by Q2 2024

After a strong period of price action for SHIB in which it climbed +28% in the past month, the SHIB price prediction algorithm expects continued upside to come. The 6-month forecast targets a $0.00002042 price level for SHIB by April 2024, which aligns with the next Bitcoin halving event that is due to take place in the same month.

In total, the algorithm expects that SHIB will climb +125% from the current price level to reach its target of $0.00002042 in April. This would take SHIB above its 2023 high of $0.00001580, which may form a key resistance level during the meme coin’s surge. Another important price to watch out for would be SHIB’s August high formed just before the Shibarium launch at $0.0001138.

If SHIB can successfully flip both levels of resistance into support, then traders can expect SHIB to target higher levels at $0.00018 and beyond. The price prediction algorithm reinforces this sentiment, with a $0.00002042 target for SHIB over the mid-term.

Bottom line: Continued project developments and a bullish crypto market could help SHIB to form a higher-high

Shibarium’s integration with Atomic Wallet will further boost the level of exposure for the layer-2 blockchain, which already has 1.26 million on-chain wallets. Easier access to Shibarium-native cryptocurrencies could inject more buy pressure into the market for SHIB, which has benefited from positive price action across the crypto markets in recent weeks.

With the next Bitcoin halving event due to take place in April and Shibarium continuing to grow, the SHIB price prediction algorithm has forecasted a 2x gain from the current price. If this unfolds, it would represent a higher high for SHIB after its multi-year downward trend began to slow.

As things stand, there are plenty of positive developments going on with Shiba Inu. Investor sentiment remains bullish over the coming months and years as SHIB may look to target its former all-time high during a period of sustained bullish movements for the wider crypto industry.