Shiba Inu is undoubtedly one of the most promising cryptocurrencies for users to invest in. The meme coin is currently experiencing a rough patch, with its price not exceeding the price barrier of $0.000013.
However, SHIB was once known for its stark price delivery, which sparked a massive rally in 2021.
While SHIB is in a strong consolidation phase, its future is still bright and may usher in great returns soon. Here are two reasons why investors should not cave into panic selling and hold their SHIB to strike at the right time.
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1. Budding SHIB Ecosystem Developments
Unlike other meme coins that have no future vision or goals, Shiba Inu is completely different from this lot. The token’s ecosystem is currently brewing novel developments to lure new users into the system.
For instance, SHIB will soon be launching SHIB Marketplace, SHIB socials, and SHIB DeFi to establish a holistic web3 experience in the play. This may usher in new investors to interact with, with prospects of SHIB spiking to new unprecedented levels.
The SHIB ecosystem has also introduced ShibTorch, a nuanced burning mechanism, which will help stabilize SHIB prices in the long term.
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2. Bullish Technical Indicators
Shiba Inu is consolidating right now due to the current bearish market stance. The token cannot cross the $0.000013 price mark due to Bitcoin’s gradual price pace.
BTC currently sits at $59K and is slowly picking up pace to maintain a solid equilibrium. However, technical platforms like Finders are bullish on SHIB, claiming the token has the mettle to claim unprecedented highs.
This makes SHIB a token worth holding on to in the long run.
“Our panelists also predict that SHIB will rise to $0.000025 by year-end 2025 and $0.000045 by year-end 2030, which is, respectively, 177% and 400% higher than its current price.”