- Shiba Inu is forming a bullish “rounding bottom” pattern on SHIB’s weekly chart and a breakout from a falling wedge pattern, with a short-term target of $0.0004.
- The Shiba Inu community has unveiled a new operating system called ShibOS, which is positioned as a gateway to a fully decentralized future.
From being among the top 15 cryptocurrencies, Shiba Inu has slipped to the 17th rank recently as other altcoins like Chainlink (LINK), Sui (SUI), Stellar (XLM), and Hedera (HBAR) have taken the lead. But with its strong community, meme coin SHIB continues to draw attention.
As of press time, the Shiba Inu (SHIB) price is trading 3% down at $0.00001992 with a market cap of $11.73 billion. On the weekly chart, SHIB is down by 9%; on the monthly chart, the meme coin has lost 10.56%. This shows that, unlike other altcoins, the second-largest meme coin hasn’t participated in the “Trump-effect” rally across the broader crypto space.
Market Analysts Continue to Stay Bullish on Shiba Inu (SHIB)
Despite the underperformance, crypto market analysts have continued to remain bullish about Shiba Inu recently. According to Professor Crypto, a well-known cryptocurrency analyst on the social media platform X, the current price of Shiba Inu is $0.00001998. The analyst suggests that the token may soon reach $0.0000201 again before stabilizing in the near future. The analyst noted:
“Shiba Inu ($SHIB) is sitting at $0.00001998 with a $11.78B market cap, and the weekly chart is teasing a bullish “rounding bottom” pattern. My 2025 prediction: $0.0000199-$0.0000201, averaging $0.0000200. It’s not wild gains, but steady growth is still growth!”
According to the analysis, the cryptocurrency $SHIB’s rally is expected to begin with a breakout from a falling wedge pattern. The short-term target price after breaking through this pattern is $0.0004.
As previously mentioned in our report, crypto market experts are expecting the SHIB price to rally all the way to $0.05 levels moving ahead.
Shiba Inu Community Unveils ShibOS for Web3 Transition
The Shiba Inu community has announced the introduction of a new operating system called ShibOS. According to the project’s claims, ShibOS positions itself as a gateway to a fully decentralized future, offering businesses, governments, and individuals a way to transition from Web2 to Web3 in a seamless manner.
The operating system reportedly allows users to build scalable, privacy-conscious, and high-performance applications on a multi-layer stack that is optimized for a variety of use cases. The Shiba Inu team has touted ShibOS as a tool that can facilitate the transition toward a more decentralized internet infrastructure
As detailed in our last news piece, Shiba Inu lead developer Shytoshi Kusama has hinted at major upcoming updates for the SHIB ecosystem. As a result, Kusama is eager to engage in dialogue with Ethereum co-founder Vitalik Buterin, with the aim of driving global adoption of Shiba Inu and achieving a $1 trillion market cap for cryptocurrency.
