SHIB News: Shiba Inu Struggles Amid Declining Popularity of Meme Coins

The popular meme coin Shiba Inu (SHIB) is facing challenges as the category of meme coins loses popularity, leading to a significant drop in its price. Here’s a closer look at what’s happening with SHIB and what investors can expect in the future.

What Happened to Shiba Inu and Other Meme Coins?

SHIB Holders Are Looking to This Coin for a Win in 2025. Shiba Inu does not appear to be doing any better as meme coins as a category are losing popularity. This has caused SHIB to drop to 0.000012. Over the weekend, SHIB suffered massive losses, and although a brief tradable bounce was seen, recovery is nonexistent as heavy selling pressure immediately forced it back down. Shiba Inu is experiencing a more persistent bear phase because investors are trying to capitalize on assets that are more driven by utility than speculative gains.

Shiba Inu Price Prediction: Impact of Burn Rate on SHIB Value

The Shiba Inu community is discussing the burn rate and its potential impact on the SHIB price prediction in the coming months. As we look ahead to 2025, several factors, including market trends, community engagement, and developments within its ecosystem, are anticipated to influence Shiba Inu’s current price movements.

Turbulence Awaits Shiba Inu Coin in April

Shiba Inu (SHIB) coin is still experiencing volatile momentum due to bearish sentiments in the broader crypto market. While SHIB investors await positive price outcomes, historical data indicates a continued bear market in April with an average monthly return of just 3.5%. The memecoin has traded lower in April for the past three years. Market participants are watching for ecosystem developments that could trigger a possible SHIB rally.

Shiba Inu’s Shibarium Nears Billion Transactions Milestone

The Shiba Inu ecosystem is on the brink of achieving a historic milestone with its Shibarium blockchain nearing a billion transactions. As of now, the counter stands at over 992 million transactions, with a daily pace exceeding 3.8 million. Launched to alleviate congestion on Ethereum, Shibarium has produced over 10 million blocks and recorded 191 million unique addresses within just a few months, demonstrating an adoption capacity rarely seen in the crypto world. In the next 48 hours, Shiba Inu is poised to make history by crossing the symbolic threshold of a billion interactions on Shibarium.