TL;DR
- Early Bitcoin adopter Davinci Jeremie advocates adding Shiba Inu (SHIB) to investment portfolios.
- The price of SHIB is increasing monthly, driven by a dramatic increase in its burning mechanism and the development of Shibarium, which aims to increase ecosystem efficiency and reduce transaction costs.
Early Bitcoin adopter using the X-Handle Davinci Jeremie also appears to be bullish on other cryptocurrencies. He was last argued that the popular meme coin – Shiba Inu (SHIB) – is an asset that investors should have in their portfolios.
This is not the first time he has focused on the self-proclaimed Dogecoin Killer. In October last year he recommended At the time, SHIB was one of the altcoins worth buying.
Davinci Jeremie is a famous figure in the crypto community who often extols the virtues of Bitcoin (BTC). More than a decade ago, he urged people to invest just $1 in the most important digital asset:
“It’s just a dollar, get some Bitcoins. Put it away, it's no use; Who cares, right? You only spent a dollar. For a dollar you get a million satoshis, and in my opinion that will be worth a million dollars once BTC gets to where it will be.”
The value of BTC has since seen an astronomical increase, making Jeremie's advice more than useful.
The SHIB price is now clearly in the green for the month, with some analysts expecting new highs in the near future.
The burning mechanism of the asset, the rose to the heights by 2,300% in March, and the development of Layer 2 scaling solution Shibarium could drive up the price of the meme coin.
The latter is intended to promote the growth of the Shiba Inu ecosystem by increasing speed and reducing transaction fees. If you would like to know more about this, feel free to watch our special video below:
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