The post SHIB Price Trend: Can Shiba Inu Coin Hit New Highs This Year? appeared on BitcoinEthereumNews.com.

SHIB’s price is losing value as bearish trends begin to regain intensity. With rising meme coin challenges and whale consolidation, the Shiba Inu coin could be set to rise if Bitcoin dominance drops.  For investors worried about whether they should wait for the SHIB price to gain traction or pick better options, read on to see why the Shiba Inu Coin is losing investors to Unilabs Finance, with its UNIL available for $0.005.  SHIB Price Drops below $0.000015 in Market Consolidation The Shiba Inu coin has recently been going through a bearish phase as the SHIB price dropped below the $0.000015 range over the weekend. Since then, the network has managed to sustain itself around the $0.0000014 range. Trading experts say that SHIB’s price could boost over the $0.000016 range as bullish network technicals can act as a launch pad.    Source: CoinMarketCap Trading analysts forecast that the SHIB price chart shows the pressure from challenges from other, newer meme coins as well as consolidation by whales, which is exerting bearish pressure on SHIB’s price. If it increases, SHIB’s price could drop below the $0.000014 range before regaining the $0.000015 territory.  With whales controlling over 59% of the Shiba Inu coin supply, clarity about the SHIB price movement can be challenging.  Will Shiba Inu Coin Remain Relevant Or Will A New Project Takeover?  As a meme coin, the Shiba Inu coin is deeply reliant on community and celebrity support. With little real-world use case, there is little to sustain its momentum, especially if the hype around the SHIB price fades away.  With markets moving towards real-world utility projects, Unilabs Finance (UNIL) is gaining traction. As a crypto asset manager, it is making it convenient for small investors to access crypto assets and earn passive income streams without hassle. With its…

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Filed under: News - @ May 31, 2025 10:18 pm