Shiba Inu Team Reassures Holders Despite Dip

Shiba Inu is currently trading at $0.00001166, a 5.0% loss in the past 24 hours. This dip comes as the broader crypto market experiences turbulence. Despite the decline, the project’s team remains confident, emphasizing its long-term vision and ecosystem growth.

Lucie, Shiba Inu’s marketing lead, urged the community to stay confident in a tweet, stating, “SHIB is our Bitcoin.” Her statement highlights the project’s ambition to position itself as more than just a meme token. Instead of just focusing on price movements, the team stresses its long-term vision. This is their core message to holders.

Shiba Inu: More Than Just Meme Coins

Shiba Inu has grown into a broader ecosystem beyond its original identity. It now includes additional tokens, such as BONE, TREAT, LEASH, and a metaverse project. The team has also launched Shibarium, a Layer 2 blockchain designed to enhance scalability and reduce transaction fees.

Related: Shiba Inu Faces Adoption Dip, Yet BONE Token Seen as Mirroring XRP, ADA Success

Lucie reaffirmed that the project is focused on long-term growth rather than short-term price fluctuations. She stressed that development efforts are still underway, reinforcing Shiba Inu’s position in the crypto market.

Market Volatility: External Pressures

The broader cryptocurrency market has dealt with significant pressure, and SHIB has not been immune to the downturn. Lucie said the decline is due to political uncertainty and market manipulation rather than weaknesses within the project itself.

Despite Shiba Inu’s price dropping by 29% in the past month, technical indicators point to potential for a recovery. SHIB is getting close to the end of a falling wedge pattern, a formation often linked to price rebounds.

A strong buying wall has been established around the $0.0000115 level, providing a key support zone for the token. Trading volume has surged by over 50% in the past 24 hours, reaching $487.68 million, suggesting that investor interest remains strong.

Related: Shiba Inu (SHIB) Set for 480% Surge? Analyst Price Target Sparks Hope

External Factors Weigh on the Crypto Market

Beyond SHIB’s internal developments, external economic and political conditions continue to impact market movements. Decisions by Donald Trump have recently contributed to a $440 million loss throughout the cryptocurrency sector, adding to investor uncertainty.

While the market remains unpredictable, Shiba Inu’s expanding ecosystem and strong community support suggest that investors are still betting on its long-term potential.