A Shiba Inu core team member has pushed back against speculation over the project’s fate as fundamentals continue to lag behind bullish Shiba Inu price predictions.

The Shibarium ecosystem has been relatively quiet, with no new major announcements or partnerships in recent months, keeping it sidelined from the best meme coin conversation.

However, Shibarium core team member Lucie dismisses claims that this was damning for the project, adding that “SHIB ecosystem took every hit but it’s still here, still building, still fighting.”

Despite occasional spikes since its 2023 launch, Shibarium holds just $2 million in total value locked according to DefiLlama data, a modest $400,000 increase from its launch month.

The ecosystem has not been able to retain an active user base, underscoring the lack of adoption and support from builders.

As a result, Shiba Inu price action remains largely speculative, lacking a meaningful use case to sustain long-term growth. Still, it continues to grow, adding reason that once the Shibarium ecosystem takes off, SHIB could be in for significant appreciation.

Shiba Inu Price Prediction: Is Shib Just Getting Started?

Despite its fundamentals, speculation continues to fuel a 7-month descending channel pattern with focus now back on a breakout attempt.

The lower boundary of the pattern has proved as a launchpad level, and increasingly bullish momentum indicators set SHIB on the breakout path.

The RSI continues to form high highs, now verging on a cross above the 50 signal line, while the MACD holds a steady lead above the signal line, both signs of building buy pressure.

Given this MACD lead holds and the RSI can find a stable footing above 50, a lasting uptrend could take shape, setting sights on the key breakout threshold around past support at $0.000012.

Regaining the $0.000012 zone would position SHIB for a potential breakout move, targeting $0.000024 for a 170% rally.

However, a more ambitious target like $0.0001 would likely require significant traction within the Shiba Inu ecosystem.

Still, a breakdown scenario remains credible without fundamentals to anchor the Shiba Inu price against wider market headwinds. A pattern breakdown eyes a 30% drop to the $0.0000067 demand zone.

Maxi Doge: A Better Bet Than SHIB?

Meme coin rotations are as consistent as they are powerful. When one market leader hits a ceiling, capital naturally flows to the next high-upside contender.

That dynamic is now playing out between Shiba Inu and Maxi Doge ($MAXI), an early Doge-themed token gaining traction just as SHIB grapples with liquidity issues.

Every bull run eventually delivers its own parabolic Doge-themed runner. Shiba Inu carried the torch from Dogecoin in 2021, then Floki, Bonk, Dogwifhat, and most recently, Neiro.

The hype is already translating into numbers. The $MAXI presale has raised $4 million, while early backers are earning up to 75% APY through staking rewards.

For those who missed out on the Doge wave before, MaxiDoge could be the next chance to catch a meme coin breakout before it takes off.

Visit the Official Maxi Doge Website Here

The post Shiba Inu Price Prediction: FUD Everywhere, Price Drops – But SHIB Insiders Say They’re Just Getting Warmed Up appeared first on Cryptonews.