Shiba Inu (SHIB) is currently trading at $0.00001644, reflecting a 5.09% increase in the last 24 hours. This increase comes after a significant announcement from the United Arab Emirates (UAE) regarding the adoption of blockchain technology, which has fueled investor optimism.
Despite this short-term momentum, SHIB's overall performance has been disappointing. In the past week, the token has fallen by 10.63%, and in the last month, it has seen a decrease of 31.80%. Once ranked among the top 10 cryptocurrencies, SHIB has now fallen to 17th place, while new meme coins are capturing attention.
However, SHIB has still capitalized on the altcoin market rallies in 2024, keeping it relevant in the crypto space.
UAE Partnership and Its Impact on SHIB
On February 4, 2025, the UAE Ministry of Energy and Infrastructure announced a collaboration with the Shiba Inu project to leverage blockchain technology in infrastructure and energy projects. The aim is to improve efficiency and streamline operations using decentralized solutions.
This partnership is a significant milestone for digital currencies in the UAE, increasing SHIB's visibility and potentially affecting its price trajectory in the coming weeks.
AI Forecasts for SHIB
Average Prediction: $0.0000195250 (+18.62%)
Highest Prediction: $0.00002200 (+33.66%) by Gemini 1.5 Flash 002
Lowest Prediction: $0.00001650 (+0.24%) by GPT-4o
With SHIB currently at $0.00001646, AI suggests a possible increase by the end of February 2025.
The recent partnership of Shiba Inu with the UAE has brought new momentum to the token. While its short-term performance has been weak, AI models and expert analysis suggest a possible rebound by the end of February 2025.
However, investors should remain cautious; like all meme coins, SHIB remains highly volatile. It is essential to follow market trends, expert insights, and AI predictions before making any investment decisions.
