Despite its recent downtrend, Shiba Inu (SHIB) still holds potential for a major price rally, according to crypto analyst Davinci Jeremie. The expert believes that the increased adoption of Shibarium could significantly drive SHIB’s price higher in the near future.
SHIB’s Struggles in the Market
The broader crypto market slowdown has negatively impacted Shiba Inu, leading to continued price declines. According to CoinGecko, SHIB is currently trading at $0.00001306, marking a 1.34% decline in the past 24 hours, a 7.3% drop over the past week, and a 17.84% loss in the past month. Over the last three months, SHIB has suffered a staggering 59.37% decrease, settling at its current price level.
Can Shiba Inu Stage a Comeback?
Despite this downward trend, Davinci Jeremie remains optimistic about SHIB’s future. On March 7, 2025, he shared his insights on X (formerly Twitter), suggesting that SHIB has the potential to rebound strongly. However, he also warned investors that the anticipated massive rally might not materialize unless key adoption factors come into play.
Jeremie highlighted that while Shibarium provides low-cost transactions and expanded application possibilities, it has yet to gain widespread adoption. He stated, “Shiba Inu has the technology, but people are not using it yet.” For SHIB to truly achieve a breakout, real-world use cases and ecosystem integration are essential.
The Role of Shibarium in SHIB’s Future
According to Jeremie, Shiba Inu must ensure that Shibarium adoption increases, allowing users to utilize SHIB tokens for transactions. If the ecosystem attracts projects that drive SHIB’s utility, it could lead to a substantial price increase.
To accelerate adoption, the Shiba Inu development team has forged partnerships with prominent crypto projects like Chainlink and K9 Finance DAO. These collaborations have enhanced Shibarium’s accessibility, expanding the utility of SHIB, BONE, LEASH, and TREAT tokens.
The team is actively working to integrate Shibarium with more decentralized applications (dApps) to drive real-world adoption. Jeremie emphasized, “If Shibarium sees broader real-world application, SHIB’s price could experience a significant rally this cycle.”
For more insights on Shiba Inu’s market trends, follow Turkish NY Radio for the latest updates.
