Shibarium Upgrade Boosts SHIB's Growth - Can it Push Shib to $1?

The price of Shiba Inn (SHIB) seems to be rising sharply after the exciting new Shibarium upgrade, which could further drive development in the expanded Ethereum layer 2 blockchain ecosystem. SHIB was last traded at around $0.00002959 but continues to rise strongly by the end of 2025 as the meme season continues to heat up. The latest Shibarium upgrade, called the Heimdall & Bor hard fork, brings better compatibility with Ethereum after the Dencun upgrade earlier this year and introduces a new contract burning feature that can be upgraded. When the meme season accelerates, price predictions suggest SHIB may soon see a new surge and challenge the highest level of 2024 at $0.000045.

A retest of the record high level at $0.000080 for SHIB price is also a possibility in this bull market. That would mark an increase of about 2.5 times from the current level, making SHIB a strong candidate for the best meme coin to buy now after the Shibarium upgrade. But can SHIB reach 1 dollar? Upgrade Shibarium - Can it take SHIB to 1 dollar? SHIB currently has a circulating supply of about 584 trillion. The $1 price will require SHIB to achieve a market capitalization higher than the combined value of all financial assets in the world today. At least it's an unrealistic expectation. But if that supply is severely reduced, maybe $1 can be achieved. Indeed, the latest upgrade of Shibarium features an upgradable burning contract. It is still unclear how much the new upgrade, deployed at address 0x541 on block 8200512, will reduce the supply and how fast it will be. However, the Shibarium website states that this upgradeable burning contract will "support exciting updates and improvements in the future" and "add an important feature to reduce the total token supply, providing additional value to holders". According to SHIBBurn.com, more than 410 trillion SHIB tokens have been burned to date, accounting for over 40% of the initial supply. Perhaps, over time, the supply could decrease from hundreds of trillions to just billions after this Shibarium upgrade, and then SHIB will have a chance to reach $1. Meme coins replacement tokens need to be considered SHIB has great growth potential in the coming months, with the meme season expected to last until early 2025. However, the market capitalization of this currency has swollen - currently at around $18 billion according to CoinMarketCap.com - indicating limited potential for exponential growth next. Cryptocurrency traders looking for the next 100x coin may want to consider newer, smaller coins that are showing good initial growth momentum. A coin that has attracted the attention of the cryptonews.com group is the new Ethereum meme coin with a cat theme called Catslap (SLAP). According to DEXTools, SLAP's market capitalization is around 66 million dollars. However, this new meme coin is enjoying a surge in social media interaction as traders rush to participate in its exciting slap-to-earn game and ahead of an important announcement. SLAP bettors can also enjoy returns of up to 40%, making this new coin one of the top passive income generating opportunities in crypto today.