SHIB News: SHIB Faces Competition from Asia-Backed Meme Coin Panshibi, Leading to Decline in Price

The cryptocurrency market is constantly evolving, with new projects emerging and old ones facing competition. In recent news, Shiba Inu (SHIB) has been experiencing a decline in price, and investors are speculating that this could be due to competition from a new Asia-backed meme coin, Panshibi (SHIBI). Here’s a closer look at the situation and its implications for SHIB’s future.

Is the Shiba Inu (SHIB) Price Slowing Down Due To This New Asia-Backed Rival?

The SHIB crypto has been in decline throughout the first quarter of 2025, and recent news suggests a possible freefall. Some investors speculate that competition from a new Asia-backed meme coin, Panshibi (SHIBI), may be diverting attention away from SHIB. With emerging projects gaining traction among the top 200 crypto tokens, traders are closely monitoring whether SHIB could lose its market share to Panshibi. In just 43 days, Panshibi has attracted thousands of investors, catapulting its native SHIBI token from a speculative asset to a potential key player in the meme market.

Shiba Inu Price Prediction and 2025 Outlook

Shiba Inu (SHIB) has garnered significant attention in the cryptocurrency community. Investors are closely watching SHIB’s price prediction, wondering if it can hit new highs. Meme coins need more than just hype to stay relevant, which is where Dawgz AI comes in with AI-powered trading and staking rewards. One investor shared his positive experience with staking and earning through Dawgz AI, while SHIB holders are still awaiting a breakout. As of March 7, 2025, SHIB is trading at approximately $0.0000.

SHIB Price Prediction: Battle with Panshibi (SHIBI)

Shiba Inu (SHIB), one of the dominant meme coins, is in an ongoing battle with Panshibi (SHIBI), a recent entrant in the meme coin arena. Technical indicators suggest slower growth for SHIB, leading investors to wonder if SHIB can still deliver explosive returns or if SHIBI, the viral panda-themed meme coin, is a better investment.

SHIB Price Potential Surge Amid High Burn Rate

Shiba Inu (SHIB) price has experienced a strong downward momentum since peaking at $0.0000329 in December 2023, dropping by 61% to its lowest level since September 5, 2024. This crash coincides with the overall weakness in the crypto industry, particularly affecting meme coins like Dogecoin (DOGE), Pepe (PEPE), and Floki (FLOKI). However, SHIB has three potential catalysts that may push its price higher. Notably, its burn rate has jumped significantly, with a daily burn rate increase of 3,253% to 29.3 million on March 8, incinerating over 410 trillion coins since inception. The circulating supply now stands at 584 trillion.