SHIB News: Market Trends, Competitor Highlights, and Recent Price Drop

In the ever-evolving world of cryptocurrencies, staying informed about market trends, competitor dynamics, and price movements is crucial for investors. Here’s a summary of recent developments surrounding Shiba Inu (SHIB), a popular meme coin.

Shiba Inu Price Prediction and Competitor Highlight

When discussing shiba inu price prediction for 2025, it’s essential to consider market trends. While Shiba Inu has gained popularity as a meme coin, attention is shifting towards Dawgz AI and its trade bots leveraging Ethereum’s ecosystem. Before investing in Shiba Inu, consider the potential of top competitors.

Shiba Inu Price Drops, Investors Turn to Remittix

The Shiba Inu price has recently faced bearish momentum, dropping around 4% this past week and over 22% last month. Despite significant buy signals, the memecoin faces opposition. Some investors are turning to Remittix, a blockchain-powered payment system that has raised over $13 million in presale revenue. RTX, the native coin of Remittix, is gaining momentum ahead of significant exchange listings.

Ethereum’s Pectra Update to Allow Gas Fees Payment with ERC-20 Tokens like SHIB

Ethereum’s Pectra upgrade in March 2025 will introduce a significant change by enabling users to pay gas fees with ERC-20 tokens such as Shiba Inu (SHIB). The upgrade includes account abstraction, which allows tokens like SHIB, BONE, and USDC to replace ETH for transaction fees. Additionally, the Pectra update boosts staking limits, smart contract capabilities, and network scalability for improved performance. This new feature aims to increase flexibility in transaction methods on the Ethereum platform.

Shiba Inu Tests Critical Support at $0.000012

Shiba Inu (SHIB) is currently facing significant selling pressure, with a sharp decline of 10.85% in the last 24 hours and 15.49% over the past week. The cryptocurrency’s price has dropped to $0.00001314, testing crucial support levels at $0.000012. If the price fails to hold at this level, a further decline toward $0.0000094 is possible, which would represent a full retracement of the coin’s rally from early 2024.