Shiba Inu to Get Boost From ETH Upgrade: Can SHIB Reverse 12% Fall?

The week has been hard for the cryptocurrency market. However, amid the ongoing bearish driblet affecting a big of assets, Shiba Inu is expected to get a much-needed boost from an upcoming Ethereum (ETH) upgrade that whitethorn beryllium capable to reverse the ongoing 12% autumn affecting SHIB.

In a post to X (formerly Twitter), the project’s selling pb Lucie noted that Ethereum’s upcoming ‘Pectra’ upgrade connected Shibarium should bring a big of improvements to the ecosystem. Slated to merchandise successful April of 2025, it volition merge 2 notable improvements into 1 azygous improvement to amended scalability, staking, and idiosyncratic experience.

SHIBARIUM X ETHEREUM UPGRADE

Ethereum's Pectra upgrade volition marque Layer 2 solutions faster, cheaper, and easier to use.

Cheaper Bridging – Users won't request ETH for state fees erstwhile moving assets, reducing costs and friction.

Easier Onboarding – New users tin commencement using… https://t.co/gzmwcJisUd

Also Read: Shiba Inu to $0.0001? Here’s What 50 Million & 100 Million SHIB Holders Could Make

Ethereum’s Pectra Upgrade to Benefit Shiba Inu: So What Does That Mean for SHIB?

The 2nd fractional of February has been a hard 1 for the cryptocurrency market. Look nary further than Bitcoin to spot the grade of the damages. Indeed, the starring crypto had reached a terms of $110,000 successful January of this year. Alternatively, it traded astatine $84,000 to extremity the week.

That has deed the full plus people arsenic a whole. However, things could beryllium poised to crook astir for 1 meme coin successful the adjacent term. Specifically, Shiba Inu is expected to get a boost from the Ethereum (ETH) Pectra upgrade that could assistance SHIB reverse its astir caller 12% fall.

Source: The Cryptonomist

Also Read: Shiba Inu Outperforms Bitcoin, XRP: SHIB To $0.000025 Soon?

In the wide-ranging post, Lucie noted that Pectra volition “make Layer 2 solutions faster, cheaper, and easier to use.” Moreover, she noted that this volition beryllium owed to the innovative features reducing friction and aiding accessibility. “Users won’t request ETHf oregon state fees erstwhile moving assets, reducing outgo and friction,” she added.

This could beryllium acceptable to get SHIB backmost connected track. There are immoderate who expect a speedy turnaround for the second-largest meme coin. Cryptocurrency terms prediction level CoinCodex projects SHIB to leap 116% successful March of this year. Indeed, they expect the plus to scope a $0.000030 maximum terms earlier the period is over.