Shiba

Ethereum

New Era

Shiba Inu

<ul>
 <li>Upcoming updates, such as using SHIB as collateral and launching a DAO, could significantly boost interest and drive demand, fueling the possibility of a 10x gain.</li>
 <li>Despite recent declines, analysts predict SHIB could reach new heights if broader market conditions, like Ethereum’s performance, remain favorable.</li>
</ul>
In line with the recent development of Shiba Inu making token buying easier, as reported in a recent CNF <a href="https://www.crypto-news-flash.com/shiba-inu-makes-token-buying-easy-introducing-a-fiat-on-ramp-for-bone-and-usdc-via-visa-and-mastercard/" rel="noopener noreferrer nofollow">update</a>, current Shiba Inu (SHIB) data from last Friday shows the token dropped by 2.17%, aligning with a broader crypto market downturn. SHIB’s value has fallen about 69% since March, but some investors see this as a buying opportunity, hoping for future gains.
As of today, Shiba Inu (SHIB) is trading at $0.00001334, down 2.42% in the past day and 10.82% in the past week. See the SHIB price chart below.

<div class="cryptoboxes" id="mcw-435420" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="shiba-inu" data-symbol="SHIB" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>
Crypto analyst CryptoZack predicts SHIB could reach $0.0014 if Ethereum performs well. In his YouTube video, he stated:
<blockquote>
 “Could SHIB 10x in this cycle from current price levels? Could it set all-time highs? Could it get to a hundred-billion-dollar market cap? Hell yeah, it definitely can and most likely will.”
</blockquote>
Additionally, SHIB’s ecosystem is set for major updates, including its use as collateral on Kraken and plans for a decentralized autonomous organization (DAO) by 2025, which could boost interest and demand.
The SHIB community has reasons to be optimistic; CNF earlier<a href="https://www.crypto-news-flash.com/shibarium-skyrockets-441-shib-communitys-new-era-beckons/" rel="noopener noreferrer nofollow"> reported</a> that SHIB Community’s New Era Beckons, indicated by Shibarium skyrocketing 441%. Recent developments such as SHIB’s inclusion as collateral for futures trading on Kraken and upcoming ecosystem transformations, including a shift towards decentralization and the launch of a DAO by 2025, are expected to increase interest in SHIB and <a href="https://www.crypto-news-flash.com/shib-community-beware-shiba-inu-team-member-issues-critical-warning-what-you-need-to-know/" rel="noopener noreferrer nofollow">potentially</a> drive up demand for the token.

Shiba Inu Predicted to 10x This Cycle—Is the $0.01 SHIB Price Target Still Out of Reach?

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