Shiba Inu (SHIB) is currently busy picking up its lost pace. The token is currently sitting at $0.00001453, up 5% in the last 24 hours. The mild surge can be attributed to the recent crypto reserve announcement that has taken the market by surprise as of late. While the expectations of building a crypto reserve by the Trump administration were always on the cards, the official announcement has led the market to witness a positive price change, with coins like Shiba Inu flashing green in the process. But amid such bullish developments, will SHIB be able to truly deliver a new high soon?
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Shiba Inu: Crypto Reserve Pushes The Token To Note A Mild Surge
In a latest new milestone, Donald Trump announced the launch of a crypto reserve comprising major league currencies like Bitcoin, Ethereum, Solana, Ripple, and Cardano. The inclusion of Ethereum (ETH) in particular helped Shiba Inu (SHIB) to score a 5% price uptick, helping the token to stabilize around $0.00001453 at press time.
In the past few weeks, Shiba Inu was unable to secure a new high, with market pressure further pressing the token down. SHIB has had a rough few weeks, with its price noting a plunge worth 23% in the last 24 hours.
The launch of a cryptocurrency reserve, followed by the White House hosting an upcoming crypto summit on March 7, is a major bullish signal for the sector in its entirety. Trump’s Crypto Czar, David Sacks, announced how more developments may be unraveled in the crypto summit on March 7, ushering in a major anticipation of new coins to be included in the crypto reserve.
That being said, Shiba Inu is undoubtedly in the process of scoring a new high soon. Amid such high positive market development, we may soon encounter SHIB scaling a possible new high.
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The Token’s Future Ahead
Per CoinCodex, Shiba Inu (SHIB) may surge to a new high of $0.00004345 by August 2025.
“According to our current Shiba Inu price prediction. The price of Shiba Inu may rise by 187.66% and reach $ 0.00004101 by August 30, 2025. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 33 (Fear). Shiba Inu recorded 11/30 (37%) green days with 6.77% price volatility over the last 30 days. Based on the Shiba Inu forecast, it’s now a bad time to buy SHIB.”
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