According to CryptoPotato, early Bitcoin adopter Davinci Jeremie has advocated for the inclusion of Shiba Inu (SHIB) in investment portfolios. SHIB's price has been on a monthly rise, supported by a significant increase in its burning mechanism and the development of Shibarium, which aims to improve the ecosystem's efficiency and reduce transaction costs. Jeremie, who is well-known in the crypto community, has previously praised the merits of Bitcoin (BTC) and has also been bullish on other cryptocurrencies.
In October last year, Jeremie suggested that SHIB was among the altcoins worth purchasing at the time. Since then, BTC's value has experienced a significant surge, making his advice valuable. On a monthly scale, SHIB's price is in the green, with some analysts predicting new peaks in the near future. The asset's burning mechanism, which increased by 2,300% in March, and the development of the layer-2 scaling solution Shibarium could boost the price of the meme coin. Shibarium is designed to foster the growth of the Shiba Inu ecosystem by improving speed and reducing transaction fees.