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Why This Moment Could Define Shiba Inu (SHIB) Future
Shiba Inu has been living on the edge lately, trying hard to jump and scale to new highs. With all the market chaos that the token is currently a part of, this particular year can truly be a defining year for SHIB for a very special reason. Shiba Inu is the only meme coin that is actively exploring the stablecoin domain. The token is looking forward to launching the SHI stablecoin, a development that could significantly turn the tables around for SHIB. Will “this” iconic development help Shiba Inu scale past its earlier ATH? Let’s find out.
Also Read: Shiba Inu’s 156% Moonshot Triggered by Whale War at $0.000014 Resistance
Also Read: Shiba Inu’s 156% Moonshot Triggered by Whale War at $0.000014 Resistance## Shiba Inu’s Key Defining Moment This Year
But long before this act was even conceptualized, SHIB had made its key move by announcing the launch of the SHI stablecoin. Per Lucie, Shiba Inu’s marketing lead, Shi was always part of Ryoshi’s grand SHIB expansion plan. Shi’s launch is intended to solidify Shiba Inu’s presence in the global financial domain.
In one of her earlier tweets, Lucie outlined how the Shi stablecoin will be integrated once its infrastructure has been truly prepared. Moreover, she stated how the project has adopted a cautious stance, learning about stablecoins holistically to avoid future errors and mishaps.
In a more recent update, SHIB’s core team player, Kaal Dhairya, had mentioned how Shi will be launched when stablecoin regulatory hurdles have gained optimum clarity from the government.
What Can This Development Do For SHIB?
Once launched, SHI’s rapid adoption could bolster SHIB’s token price, helping it soar to new highs. Furthermore, per Lucie, the stablecoin intends to enhance liquidity provisions, making SHIB a lucrative choice for investors. This could ultimately scale the token’s value, helping it cement its future market position.
Shiba Inu is currently banking on the rising ETH wave, aiming to hit $0.00002500 as predicted by expert Jonathan Carter.
“#SHIB. has broken above the descending channel pattern on the daily chart. The price is consolidating near the breakout zone. Showing signs of an accumulation phase. A sustained bounce could push the price toward targets at $0.00001400, $0.00001750, $0.00002050, and $0.00002500.”
“#SHIB. has broken above the descending channel pattern on the daily chart. The price is consolidating near the breakout zone. Showing signs of an accumulation phase. A sustained bounce could push the price toward targets at $0.00001400, $0.00001750, $0.00002050, and $0.00002500.”
#SHIB
Shiba Inu has broken above the descending channel pattern on the daily chart
The price is consolidating near the breakout zone, showing signs of an accumulation phase
A sustained bounce could push the price toward targets at $0.00001400, $0.00001750, $0.00002050, and… pic.twitter.com/LVs3SLT2Pu
Also Read: $0.01 Or Not: 3 Unbreakable Truths That Keep Shiba Inu on Top
Also Read: $0.01 Or Not: 3 Unbreakable Truths That Keep Shiba Inu on Top