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The crypto market is heating up again, with Bitcoin climbing close to $95,000 and hinting at a possible breakout. While Bitcoin grabs the headlines, Shiba Inu (SHIB) is also gearing up for a price move of its own. Over the last few days, Shiba Inu has been testing the $0.00001500 resistance level. If it manages to break past this, the next targets could be around $0.00001700 to $0.00001800. If Bitcoin keeps rising, SHIB could follow with a strong rally. According to one analyst, Shiba Inu has broken out of a descending channel on its daily chart — a positive signal for traders. The current price action now points to possible targets at $0.00001510, $0.00001850, $0.00002110, and $0.00002460. This means SHIB’s price could potentially double from its current level if momentum picks up. The bullish divergence has appeared on both the RSI and MACD indicators, which means buying momentum is quietly building up, even though prices recently made new lows. Related: Meme Coins Surge: Can Dogecoin and Shiba Inu Hit New Highs in Upcoming Weeks? Fresh data from CoinGlass shows that SHIB’s Futures Open Interest almost doubled in April — rising from under $97 million to nearly $190 million by April 27. This sharp increase in Open Interest reflects growing positioning by traders, a signal that market participants expect a big move soon. At its peak in 2021, the total value of all memecoins reached around $130 billion. Today, that figure has dropped to about $58 billion, with Shiba Inu still sitting 84% below its all-time high. However, this decline wasn’t because of Shiba Inu’s failure — it was part of a broader crypto market pullback, especially after many retail investors left the market in late 2024. Now, with Bitcoin making a comeback, there’s a chance money could start flowing back into memecoins. In past rallies, retail traders often skipped Bitcoin and Ethereum and went straight for popular tokens like SHIB, DOGE, and PEPE. If history repeats itself, Shiba Inu could climb quickly once again. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Shiba Inu (SHIB) is back in the spotlight after crypto analyst Master Ananda revealed that the token is starting a new bullish phase, even stronger than the rally in early 2024. In his latest analysis, he highlights that SHIB’s long-term chart structure is now showing bullish signals that cannot be ignored. SHIB has finally rebounded by recording three consecutive weeks in the green after peaking in March 2024 and going through a series of healthy corrections. Master Ananda stated that if this week can close over the $0.000012500 barrier, final confirmation of the 2025 bull market will have definitely occurred. Just imagine if this is the beginning of a much bigger wave of growth. Master Ananda predicts that this increase could see SHIB soar up to 894% to $0.000139, with the potential for a new All-Time High (ATH) at $0.000220 — representing an increase of around 1,479%. Interestingly, according to him, there is a chance that the market is actually underestimating SHIB’s current potential. In other words, what is being formed could be greater than general expectations. On the other hand, the four-year market cycle that follows the rhythm of Bitcoin halving is believed to remain the main pattern in major movements like this. Furthermore, the Shiba Inu ecosystem does not just rely on price momentum. CNF previously reported that Shiba Inu’s Shibarium DApp Store had been officially launched, presenting more than 1,200 decentralized applications on their network. This is not just a number, because with the support of roll-up technology on the Layer 2 blockchain, Shibarium has succeeded in reducing gas costs while speeding up transactions. In fact, on April 3, 2025, Shibarium had recorded more than 1 billion transactions with 10 million blocks processed without major disruptions. Not only that, the token burning mechanism running on Shibarium is also believed to strengthen SHIB’s scarcity in the long term. However, Shiba Inu’s rapid development is not without challenges. Last week, Kaal Dhairya, one of Shiba Inu’s developers, warned the community against false claims about the TREAT token launching on Solana and Base. Dhairya emphasized that TREAT is only officially available on Ethereum, while the X account “Shiba Inu Treat” that was previously circulating was hacked to spread misleading information. This is a stark reminder that even a project as big as Shiba Inu must remain vigilant against external threats. Also, in early 2025, Shiba Inu’s lead developer, Shytoshi Kusama, introduced an interesting concept on a podcast: the “Shib Network State.” This concept describes Shiba Inu as a kind of digital entity that meets the criteria for statehood according to the Montevideo Convention. In it, four key tokens — SHIB , BONE, LEASH, and TREAT — serve as pillars of community, technology, legality, and innovation, respectively. Meanwhile, as of press time, SHIB is swapped hands at about $0.00001376, down 6.40% over the last 24 hours.

Bitrue hacker buys 1,511 $ETH after selling $2.88M in $HOT and $SHIB The hacker who stole approximately $23.5 million in cryptocurrencies from the @BitrueOfficial on April 14, 2023, sold $2.88 million worth of Holo (HOT) and Shiba Inu (SHIB) around 15 hours ago and purchased

Top 10 trending coins on BitDegree this week 🔥👇 1. Bitcoin $BTC 2. XRP $XRP 3. Ethereum $ETH 4. BNB $BNB 5. Solana $SOL 6. Shiba Inu $SHIB 7. WETH $WETH 8. Dogecoin $DOGE 9. Maveric Protocol $MAV 10. bittensor $TAO PS.: only a few days until $30K Airdrop ends 👀

This week, Shiba Inu developers were unsurprised to see the long-rumored Shibarium DApp Store. The platform debuted with over 1,200 decentralized applications and surpassed 1 billion transactions on its Layer 2 blockchain. The Shibarium DApp Store, which went live on April 24, is a major step for a meme-inspired crypto project. Being one of the top viral tokens, Shiba Inu has taken its place as a serious player in the decentralized tech world. The store is designed as a focused hub to access decentralized applications (dApps) built to run on the Shibarium network. For context, Shibarium is optimized to scale and reduce gas fees significantly over Ethereum’s main base layer, as highlighted in our previous news article. The store serves as a vetted display of dApps to both users and dApp developers, putting them in a more streamlined gateway to the ecosystem. By aggregating correct, verified applications within a single interface, this launch gets rid of the guesswork that is so often found in decentralized environments. Apart from user convenience, the Shibarium DApp Store also has a strategic opportunity for developers, according to The Shib magazine . When projects list, they gain a directly visible presence on Shiba Inu’s large online community, aka the ‘SHIB Army.’ Having an audience built into the dApp could enable dApps to immediately jump ahead in the game of exposure versus success and skip the painful discovery and adoption phase. Moreover, the infrastructure beneath the DApp Store is powered by Shibarium, Shiba Inu’s Ethereum-compatible Layer 2 network. The blockchain uses roll-up technology to process transactions off-chain before confirming them on Ethereum. Thus, it significantly enhances throughput and minimizes fees. Moreover, compatibility with the Ethereum Virtual Machine (EVM) ensures developers can use familiar tools and programming languages such as Solidity. It thereby eases the transition for existing Ethereum developers. Shiba Inu has further induced development by introducing a suite of tools under its developer initiative. This includes SDKs, ShibPay as a payments SDK, Central Authentication Service (CAS), and support for Paymaster and Identity in general modules. There are plans for the introduction of Oracle services and decentralized storage options. In addition, there are other mechanisms, such as Shib Torch and Karma reward systems, for the integration of gamified engagement and community interactions. Privacy protections were also on the agenda as plans to utilize the Fully Homomorphic Encryption (FHE) are made for future iterations. That came just as Shibarium has been experiencing a period of quiet but considerable growth. The project has had over 175 million wallet interactions and over 24,000 deployed smart contracts. These numbers show strong activity, but now, they have shifted their focus towards measuring real user engagement with the listed applications. It serves as a key metric in assessing the platform’s sustainability and long-term value in the increasingly competitive Layer 2 industry.