Shiba Inu price prediction: SHIB army fades as holders migrate into viral ETH L2 token LBRETT

The meme coin market is witnessing a notable transition, with interest in Shiba Inu declining as investors shift focus towards fresher options, particularly Layer Brett ($LBRETT). This Ethereum Layer 2 token has gained attention, reportedly raising over $2 million in presales. Investors are drawn to its combination of meme culture and practical blockchain capabilities.

In terms of Shiba Inu’s current standing, despite a slight daily increase, the token is down 6.28% year-on-year. A recent drop in exchange deposits from over 900 addresses to 222 suggests reduced selling pressure among holders. SHIB is currently trading near $0.0000123, with a potential rally above $0.0000131 or a fall below $0.0000120 indicating volatile trading conditions.

Layer Brett positions itself as a more efficient alternative to Ethereum, aiming to lower transaction costs and times while enhancing user interaction through features like gamified staking and NFT rewards. The token has a fixed supply of 10 billion, which may provide long-term value as demand increases. Additionally, it boasts cross-blockchain capabilities, allowing users seamless asset transfers.

• Why it matters:
  • The decline in Shiba Inu could signify changing investor sentiments in the meme coin market, which may affect future investment strategies.
  • Layer Brett’s design may attract more users seeking efficient blockchain solutions, potentially influencing broader adoption of Ethereum Layer 2 tokens.
• The latest: As of now, Layer Brett’s presale is priced at $0.0053, nearing the next increase to $0.0055, with over $2.5 million raised thus far.