SHIB holders join Panshibi takeover as Asian-backed Panda meme could ignite portfolios
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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Shiba Inu dips to $0.00001514, but traders target $0.000078 by summer, while Panshibi sparks meme coin speculation. The Shiba Inu price sits around $0.00001514, down about 3% in the last 24 hours, yet traders eye a bold target of $0.000078 by summer. Amid this speculation, the meme coin sector’s market cap soared from $20 billion to $120 billion in 2024, leading authorities like Dubai’s VARA to warn about exaggerated claims and risks. Meanwhile, a new panda-themed entrant named Panshibi is also drawing speculators eager for the next meme coin surge. Panshibi appears to ride a wave of renewed curiosity. Shiba Inu price trends and Dubai’s VARA alert Shiba Inu (SHIB) commands a market cap of nearly $8.8 billion but remains subject to sharp swings. Many observers connect its future moves to Ethereum’s momentum, believing a bullish ETH could lift Shiba out of its slump. However, regulatory bodies such as Dubai’s Virtual Assets Regulatory Authority (VARA) caution about meme coins’ reliance on social media hype. VARA highlights that some tokens lack intrinsic value and call for better investor vigilance. Under these guidelines, memecoins created within Dubai must follow strict rulebooks to avoid misleading promotions or oversized claims. Analysts note that Shiba Inu’s price rose 65% over the past year despite short-term drops, reflecting its resilience. Still, for Shiba Inu to reach the lofty $0.000078 target, it must break above current downtrend levels. If it fails, a revisit to lower support zones near $0.000010 could occur. The Ministry of Energy’s recent partnership with Shiba Inu hints at more practical use cases, potentially offsetting negative sentiment. Should global markets steady, SHIB may see renewed optimism, fueling the coin’s next rally. The emergence…
Filed under: News - @ February 20, 2025 10:20 pm