Shiba Inu (SHIB) trades at $0.00001166 after losing 5% in the past 24 hours. This decline follows broader crypto market turbulence. Despite the drop, the team remains confident, emphasizing long-term growth and ecosystem expansion.
SHIB’s Vision Extends Beyond Price Movements
Lucie, Shiba Inu’s marketing lead, reassured the community in a tweet, stating, “SHIB is our Bitcoin.” Her message underscores the project’s goal of being more than a meme token. Instead of focusing on price fluctuations, the team highlights its long-term vision.
Shiba Inu has evolved beyond its original identity. Its ecosystem now includes additional tokens like BONE, TREAT, and LEASH. The team also launched Shibarium, a Layer 2 blockchain that enhances scalability and reduces transaction fees.
Ongoing Development Strengthens SHIB’s Position
Lucie reiterated that the project prioritizes long-term growth over short-term price changes. She confirmed that development efforts continue, reinforcing Shiba Inu’s presence in the crypto space.
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While the overall crypto market faces pressure, SHIB remains affected by external factors. Lucie attributed the decline to political uncertainty and market manipulation rather than internal weaknesses.
Technical Indicators Suggest a Recovery
Despite a 29% price drop in the past month, technical patterns indicate a possible rebound. SHIB nears the end of a falling wedge formation, which often signals a price recovery.
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A strong buying wall has formed around $0.0000115, acting as a key support level. Additionally, trading volume surged by over 50% in 24 hours, reaching $487.68 million. This increase shows that investors remain interested in SHIB.
Beyond SHIB’s ecosystem, political and economic events impact the crypto market. Recent decisions by Donald Trump triggered a $440 million loss in the sector, increasing investor uncertainty. Despite market volatility, Shiba Inu’s expanding ecosystem and dedicated community suggest investors still believe in its long-term potential.
