Shiba Inu, the popular meme cryptocurrency, is facing some tough times. The price has dropped significantly lately, but the team behind it is staying optimistic.
Market Troubles
The crypto market is experiencing a downturn, with Bitcoin and other major players like Ethereum taking a hit. Shiba Inu hasn’t been spared, seeing a pretty big price drop recently. It’s down about 9% in the last week and a whopping 40% since January 2025. Currently, it’s trading at around $0.00001103.
The Shiba Inu Team’s Message: Keep Calm and Develop On
Despite the market slump, the Shiba Inu team says they’re hard at work on new developments. Lucie, their marketing rep, posted on X (formerly Twitter) that they’re pushing forward with new technology and opportunities, even with the current negative market sentiment. She hinted at some “big” things coming soon but didn’t give specifics.
Focus on the Future, Not the Price
The team is urging its community to ignore the short-term price fluctuations and focus on the long-term potential of the Shiba Inu ecosystem. They believe that technological innovation and decentralized finance are key, and that the current market dip is just a temporary setback.
Ambitious Goals Remain
Despite the recent price drop, the Shiba Inu team is still bullish on the future. They’re predicting a significant price increase – potentially more than 12 times the current price – in the near future. They even have their sights set on even higher prices in the long run.
New Features and Rewards
The team also highlighted some new features, like the Karma system on Puppynet, which rewards users for their activity on the network. This shows their commitment to building a more engaging and rewarding ecosystem.
The Bottom Line
The crypto market is volatile, but the Shiba Inu team is focusing on long-term growth and development. They’re encouraging their community to do the same, emphasizing that building solid technology will ultimately weather any short-term market storms.
