Shiba Inu has recently been on the margins, struggling to leap and set new highs. Given the current market turmoil surrounding the token, this year might become a decisive year for SHIB for a very special reason. Shiba Inu is the only meme coin actively exploring the stablecoin space. The token is looking forward to the launch of the SHI stablecoin, which could significantly turn the situation for SHIB around. Will this landmark development help Shiba Inu surpass its previous peaks? Let’s wait and see.
Key Moments for Shiba Inu This Year
Shiba Inu is leading a groundbreaking event. With the U.S. passing the stablecoin bill, the country is aiming at stablecoins to lead the dollar hegemony agenda. Under the new system architecture, companies can now issue stablecoins, which will greatly enhance the demand for the dollar.
But even before this bill was conceptualized, SHIB had already taken a key step by announcing the launch of the SHI stablecoin. According to Shiba Inu's marketing lead, Lucie, SHI has always been part of Ryoshi's grand SHIB expansion plan. The launch of SHI aims to solidify Shiba Inu's position in the global financial arena.
Lucie outlined in her previous tweet how the SHI stablecoin will be integrated once its infrastructure is truly ready. She also pointed out that the project has taken a cautious approach, fully understanding stablecoins to avoid future mistakes and incidents.
In a recent update, SHIB core team member Kaal Dhairya mentioned how SHI will be launched when the government has a clearer understanding of regulatory barriers for stablecoins.
What can this development bring for SHIB?
Once launched, the rapid adoption of SHI could boost the token price of SHIB, sending it soaring to new highs. Additionally, according to Lucie, the stablecoin is designed to enhance liquidity supply, making SHIB a lucrative choice for investors. This could ultimately expand the token's value and help solidify its market position in the future.
Shiba Inu is currently betting on the rising tide of ETH, aiming to reach the target of $0.00002500 predicted by expert Jonathan Carter.
#SHIB. It has broken through the downward channel pattern on the daily chart. The price is consolidating near the breakout area, showing signs of accumulation. A sustained rebound could push the price towards target levels of $0.00001400, $0.00001750, $0.00002050, and $0.00002500.
