By: Alex Rivera
Shiba Inu materialized as a dynamic and popular meme coin, drawing inspiration from the Japanese canine breed, Shiba Inu. It operates as an ERC-20 token on the Ethereum blockchain, launched by an anonymous developer known as Ryoshi in August 2020. Thanks to its singular branding and engaged community, often referred to as the ShibArmy, Shiba Inu offers a distinct presence in the evolving crypto landscape. SHIB is widely considered an alternative to Dogecoin, with its supporters referring to it as the “Dogecoin killer”.
Bitcoin’s potential surge to $115,000 could positively impact the price of altcoins like Shiba Inu. Following SHIB news today is critical because it offers real-time insights into the meme coin’s market dynamics, from whale activity to essential technical indicators that could reveal a breakout or potential pullback. The price movements of meme coins are affixed to sentiment around breaking news and influencer activity on social media. The Shiba Inu community is rallying for the token’s inclusion in the proposed U.S. strategic crypto reserve.
The Versatility Of Shiba Inu Is A Key Factor In Its Adoption
The crypto world is vast and complex, with each digital asset characterized by unique elements. Shiba Inu gained popularity in the crypto space due to its resemblance to Dogecoin, the original meme coin, which was co-created by software engineers Jackson Palmer and Billy Markus in 2013. SHIB has remarkably strong fundamentals supporting its rise: a genuine story, longevity, and a growing community of users. We don’t expect it to become the world’s most valuable cryptocurrency anytime soon, but Shiba Inu shouldn’t be ignored.
The Shiba Inu ecosystem offers a plethora of use cases, such as:
- Decentralized finance (DeFi): Users can deposit their SHIB tokens onto liquidity pools on platforms like ShibaSwap to earn returns. Yield farming becomes a strategic game powered by the community with WOOF Wars. Shibizens can actually influence where rewards go.
- Community governance: SHIB holders can cast their votes via the decentralized autonomous organization (DAO). The Doggy DAO gives the community the power to participate in the decision-making processes.
- Speculation & trading: Many SHIB users look to profit from market price movements. Meme coins are often valued based on inherent or perceived value, and price shifts are driven by speculative trading. Leverage helps gain exposure to large amounts of crypto without having to pay the full value of the trade upfront.
- Donations: SHIB can be used to donate to various non-profits, including the American Cancer Society. There are countless crypto-friendly non-profits, educational institutions, and faith-based organizations to explore.
Shiba Inu Exhibits Signs Of Renewed Bullish Momentum
An accelerated burn process has eliminated a substantial number of SHIB tokens from circulation, increasing scarcity and the potential value of the remaining coins. Data from Sentiment indicates that whales possess 530 trillion SHIB since January 2025, and Shiba Inu’s price could unexpectedly rise as sellers find themselves in a precarious position. Shiba Inu appears to be near its 200 Exponential Moving Average. Once this barrier is breached, a bullish breakout could follow, attracting traders and investors looking to profit.
Over the last 24 hours, SHIB’s trading volume spiked to $$363.89 million USD, which means that individuals and institutions increasingly allocate capital to Shiba Inu. Historically, May has been an important month for the meme coin, with many previous cycles showing strong upward moves. “Sell in May and go away” is no longer an effective strategy. While there have been some downturns in some Mays, there have also been positive performances. There’s no reason to step to the sidelines.
Shiba Inu Can be A Smart Long-Term Investment For Your Portfolio
The crypto market affords itself swings in both directions, presenting major opportunities and risks. Investing for the long term helps you capitalize on overall industry growth as blockchain technology continues to reshape various sectors by introducing new models for value exchange, data management, and trust. As discussed earlier, the crypto market can be volatile, and maintaining a long-term plan can help you make rational investment decisions. Put simply, you can minimize emotional decision-making with research, due diligence, and meticulous documentation.
Here are several advantages of getting SHIB as a long-term investment:
- Community support: The ShibArmy is active in DeFi, NFTs, and metaverse projects. Community-driven actions can impact chart patterns, enhancing their reliability. When SHIB users are optimistic, they can drive up prices.
- Ecosystem development: Shibarium, a Layer-2 scaling solution, or ShibaSwap, a decentralized exchange platform, fosters ecosystem growth, which could drive further gains. Besides SHIB, the Shiba Inu ecosystem includes tokens like BONE and LEASH.
- Low entry price: You can buy SHIB and profit from its future growth. This strategy is called buying the dip and can be classified as a contrarian – you act in contrast with the rest of the market. SHIB’s low price makes it accessible for investors who seek to buy large quantities.
Of course, there will be challenges and difficulties along the way. Shiba Inu’s value is influenced by speculative forces, which can be explained by its origins as a meme coin. Although recent developments, such as the continued Shibarium adoption or the launch of SHIB: The Metaverse, foster greater utility and stabilize the token’s value, SHIB is still a speculative bet.
You Can Buy Shiba Inu On Most Exchanges
President-elect Donald Trump promised to make America the crypto capital of the planet. After being unfairly targeted by the Biden administration, the crypto industry is now a dominant political force. The SEC is likely to approve exchange-traded funds (ETFs) for other cryptocurrencies besides Bitcoin and Ethereum, and a Shiba Inu ETF is inevitable. Nevertheless, you should be cautious because risks remain elevated. There are no guarantees of success in investing, so think twice before you act.
Shiba Inu is a popular cryptocurrency, meaning it’s listed on most major and well-known centralized and decentralized exchanges. It’s a good idea to check the specific platform you intend to use to confirm SHIB is listed (and available in your region). To securely store Shiba Inu, you can use a hardware wallet, which protects you from online threats like malware and hacks.
About the Author: Alex is a long-time journalist for NewsWatch, using his expertise to explain to readers how technology is reshaping society beyond mere gadgets and algorithms. His reporting cuts through industry hype to reveal the human stories behind technical innovations, offering readers a thoughtful perspective on where our digital future is heading.
Disclaimer:
The author’s views expressed in this article are those of the author and do not necessarily reflect the opinions of NewsWatchTV. This content is for informational purposes only and should not be considered financial or investment advice. Readers are strongly encouraged to conduct independent research and consult with a financial expert before making any investment decisions. NewsWatchTV is not responsible for the accuracy of the information provided or any losses or damages arising from reliance on this content.
