News View Non-AMP

SHIB Price Set for May Rally as Shibarium Hard Fork Fuels Optimism

Published by
Qadir AK

In the world of blockchain, change is constant. The Shibarium network is gearing up for a big transformation with two important upgrades: Bor and Heimdall. These changes are expected to make the network much better, which has experts feeling positive about SHIB, the token connected with Shibarium. As the Shibarium Hard Fork approaches—a term for major updates that make older versions incompatible—questions arise.

The big question: Can these upgrades boost SHIB’s value? Let’s dive in to find out!

1. Understanding Hard Forks: What You Need to Know

In the world of blockchain technology, a hard fork marks a significant change in a blockchain’s rules or technology. It’s a permanent update that breaks compatibility with older versions. This kind of upgrade can bring new features, fixes, or improvements to the network. Sometimes, it even leads to a whole new blockchain or cryptocurrency.

Essentially, it is a way to significantly upgrade the blockchain and introduce important changes. 

1.1. Introducing the Shibarium Hard Fork: A Quick Overview

The Shibarium Hard Fork involves major updates to two important parts of the Shiba Inu blockchain: Bor and Heimdall. Bor Hard Fork is scheduled for May 2nd at 2:30 AM EST, followed by the Heimdall Hard Fork on May 3rd at 12:30 AM EST. These upgrades aim to make the network faster and able to handle more transactions. They’re also expected to lower transaction costs, which is good news for users.

1.1.1. How the Shibarium Hard Fork Works

  • The Bor Hard Fork aims to solve a problem with state sync, which is when blockchain data is copied across the network. It introduces a 128-second delay to ensure data syncs correctly, avoiding errors due to parts of the network being out of sync.
  • The Heimdall Hard Fork focuses on making transaction confirmations more reliable. It does this by setting milestones to ensure transactions are consistently confirmed.

Together, these upgrades aim to make Shibarium more stable and reduce the chance of errors.

2. The Impact of the Shibarium Hard Fork on SHIB: Let’s Explore

Before we go deeper, let’s see what experts have to say about how the Shibarium Hard Fork might affect SHIB.

2.1. Expert Predictions: What’s Next for SHIB?

Market experts believe that the Shibarium Hard Fork could be good news for SHIB. Despite recent price drops—around 10% in the past few weeks and 25% over the last month—there’s been a slight increase in SHIB’s price lately. Analysts think this trend might continue into May, which historically has been a good month for SHIB, with an average profitability rate of 99.3%. They suggest that the hard fork could spark more interest and drive SHIB’s value up.

2.2. Looking at SHIB’s Price History

Currently, SHIB is valued at $0.00002211.

In the beginning of April, it was around $0.00002867. It dropped to nearly $0.00002126, in the middle of the month. From there, it slowly picked up and even touched $0.00002692. But, since then, it had been consistently falling till May 1, 2024, when a strong green candle emerged. 

On the first day of the year, on 1st Jan 2024, the price of SHIB was just $0.00001063. It had been experiencing a sideways market till late February when it embraced a strong uptrend. The trend lasted till 4th May 2024, pushing the price of the cryptocurrency as high as $0.00003588.   

2.3. What to Expect This Month

Despite April’s ups and downs, May looks promising for SHIB. The recent increase in price on May 1st suggests strong buyer interest ahead of the hard fork. May has historically been a good month for SHIB, with an average profitability rate of 99.3%.

All in all…

While the Shibarium Hard Fork ignites optimism for a late-February-like surge in SHIB’s value, the cryptocurrency’s inherent volatility remains a key factor. Investors should carefully consider their risk tolerance before diving in, and remember, thorough research is always crucial.

Will history repeat itself? Only time will tell if May brings another profitable month for SHIB.

Also Check Out : Memecoins On A Run! DOGE Price And SHIB Price To Jump 50% In May?

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

XRP Whales Accumulate Quietly as Price Eyes Breakout

XRP’s price has been slipping, and whales are making big moves. On-chain data reveals a…

June 28, 2025

Breaking: Ripple Drops Its Cross Appeal and Anticipates U.S. SEC to Cooperate

Ripple Labs, a top-tier blockchain payment company based in the United States, has made a…

June 28, 2025

Bitcoin Price Analysis: Low Speculative Urgency Signals More Pain In the Midterm

Bitcoin (BTC) price has experienced faded bullish sentiment in the recent past as traders factor…

June 28, 2025

Is Altseason Coming? CryptoQuant Analyst Spots Key Accumulation Signal

CryptoQuant analyst Axel Adler Jr. has spotted a potential early sign of a new altcoin…

June 27, 2025

Litecoin LTC Price Prediction 2025, 2026 – 2030: Can Litecoin Reach $1000 Dollars?

Story Highlights Litecoin price today is . Litecoin price may reach a potential high of…

June 27, 2025

Polkadot Price Prediction 2025, 2026 – 2030: Will DOT Price Cross $10?

Story Highlights The live price of the Polkadot crypto token is . Polkadot price can…

June 27, 2025