{"id":8941,"date":"2025-01-21T19:32:13","date_gmt":"2025-01-21T19:32:13","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8941"},"modified":"2025-01-21T19:32:13","modified_gmt":"2025-01-21T19:32:13","slug":"shib-price-poised-to-climb-3-reasons-behind-shiba-inus-bullish-outlook","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8941","title":{"rendered":"SHIB Price Poised to Climb? 3 Reasons Behind Shiba Inu\u2019s Bullish Outlook"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Shiba Inu (SHIB) might not be in its best shape, but several elements suggest it could witness a renewed bull run in the near future.<\/span><\/li>\n<li>Its latest plunge coincides with the overall market decline following Donald Trump\u2019s inauguration on January 20.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB_CB-74.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-379735\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB_CB-74.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB_CB-74.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB_CB-74-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB_CB-74-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB_CB-74-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB_CB-74-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>What Might Ignite a Rally?<\/h2>\n<p><span data-preserver-spaces=\"true\">Shiba Inu (SHIB) experienced a significant pump in mid-January, reaching a local peak of around $0.00002485 (per CoinMarketCap\u2019s data). Since then, though, it has been on a downfall, currently trading at roughly $0.000021.\u00a0<\/span><\/p>\n<figure id=\"attachment_379729\" aria-describedby=\"caption-attachment-379729\" style=\"width: 979px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-5.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-379729\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-5.png\" alt=\"SHIB Price\" width=\"979\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-5.png 1072w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-5-300x123.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-5-1024x418.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-5-768x314.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-5-50x20.png 50w\" sizes=\"auto, (max-width: 979px) 100vw, 979px\"><\/a><figcaption id=\"caption-attachment-379729\" class=\"wp-caption-text\">SHIB Price, Source: CMC<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Its underperformance coincides with the broader decline of the cryptocurrency market<\/span><span data-preserver-spaces=\"true\">, which <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/over-200b-wiped-from-crypto-markets-after-trump-ignores-crypto-in-ceremony-speech\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">occurred<\/span><\/a><span data-preserver-spaces=\"true\"> shortly after Donald Trump\u2019s inauguration.<\/span><span data-preserver-spaces=\"true\"> While some industry participants expected him to mention the digital asset industry in his speech, the Republican did not say a single word <\/span><span data-preserver-spaces=\"true\">on the topic<\/span><span data-preserver-spaces=\"true\">. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> might explain why numerous tokens (including SHIB) are in the red today (January 21).\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Nonetheless<\/span><span data-preserver-spaces=\"true\">, some essential factors signal that the popular meme coin could experience a new bull run soon. <\/span><span data-preserver-spaces=\"true\">One of those is the burning mechanism, <\/span><span data-preserver-spaces=\"true\">which<\/span><span data-preserver-spaces=\"true\"> aims to reduce SHIB\u2019s circulating supply and <\/span><span data-preserver-spaces=\"true\">potentially<\/span><span data-preserver-spaces=\"true\"> make it more valuable through scarcity.<\/span><span data-preserver-spaces=\"true\"> Over the past 24 hours, the burn rate has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.shibburn.com\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">exploded<\/span><\/a><span data-preserver-spaces=\"true\"> by 500%, resulting in approximately 2.8 million tokes sent to a null address.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Next on the list is the uptrend of TREAT. <\/span><span data-preserver-spaces=\"true\">The Shiba Inu-related coin, which is designed to enhance utility and engagement across the network\u2019s projects and serve as a reward token within the ecosystem, officially <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/Shibtoken\/status\/1879135677461524933\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">saw the light of day<\/span><\/a><span data-preserver-spaces=\"true\"> on January 14.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">While TREAT has been underperforming in the past week, its price <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/coinmarketcap.com\/currencies\/shiba-inu-treat\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">soared<\/span><\/a><span data-preserver-spaces=\"true\"> by over 50% in the last 24 hours, rising to as high as $0.013. It retraced to the current $0.0082 in the following hours but remains in green territory.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Being closely connected to Shiba Inu, the potential further advancement of TREAT may positively affect the second-biggest meme coin.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Third, we will focus on <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptoquant.com\/asset\/shib\/chart\/exchange-flows\/exchange-netflow-total?exchange=all_exchange&amp;window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=column\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">SHIB\u2019s exchange netflow<\/span><\/a>, which has been negative for<span data-preserver-spaces=\"true\"> the past four days. This development signals a shift from centralized exchanges toward self-custody methods, which could be considered bullish since it reduces the immediate selling pressure.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Bonus: DOGE\u2019s Influence<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">It is worth mentioning that SHIB\u2019s potential short-term rally could also be propelled by Dogecoin\u2019s price performance.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">DOGE is the undisputed leader in the meme coin niche, and its rivals sometimes mimic its price swings. <\/span><span data-preserver-spaces=\"true\">Most recently, its <\/span><span data-preserver-spaces=\"true\">valuation briefly <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/dogecoin-price-explodes-as-department-of-government-efficiency-website-adds-meme-coin-logo\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">exploded<\/span><\/a><span data-preserver-spaces=\"true\"> by double digits<\/span><span data-preserver-spaces=\"true\"> after the Elon Musk-led Department of Government Efficiency (D.O.G.E.) featured the meme coin\u2019s logo on its official website.<\/span><\/p>\n<p>It will be interesting to see whether the asset will thrive under the new US presidency and how it will affect the rest of the memes.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/shib-price-poised-to-climb-3-reasons-behind-shiba-inus-bullish-outlook\/\" rel=\"nofollow\">SHIB Price Poised to Climb? 3 Reasons Behind Shiba Inu\u2019s Bullish Outlook<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Shiba Inu (SHIB) might not be in its best shape, but several elements suggest it could witness a renewed bull run in the near future. Its latest plunge coincides with the overall market decline following Donald Trump\u2019s inauguration on January 20. What Might Ignite a Rally? Shiba Inu (SHIB) experienced a significant pump in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-8941","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8941"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8941\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}