The development squad at Shiba Inu is urging for tranquility as the well-known meme cryptocurrency faces significant market strain. The meme coin, currently ranked as the second largest, has endured a 9% decline in value over the last week, contributing to a 40% drop since January 2025.
Market Instability Hits Crypto Assets Hard
Bitcoin’s recent plunge to $74,000 has sparked a wider sell-off throughout cryptocurrency markets. This trend has extended to major players like Ethereum and numerous altcoins. Shiba Inu, characterized by its canine-themed identity and playful tone, has not evaded the tumultuous market swings. At present, the meme coin is trading at $0.00001103 and has experienced a 2% dip in just the past 24 hours.
Ongoing Shiba Inu Development Behind The Curtains
According to the latest update from Lucie, the Shiba Inu marketing spokesperson, the team persists in advancing development even amidst unfavorable market conditions. The subdued market sentiment, Lucie shared on X, has not swayed them from their commitment to development.
REAL CHAT
Yeah, the market appears dreary and the atmosphere feels heavy right now.
But behind the scenes? It’s a different narrative.New technology is on the verge of launching.
Exciting opportunities are already present.
And we’re engaging with more wonderful individuals every day.Some tidbits you’ll hear…
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) April 8, 2025
She indicated that innovative technology will be introduced soon for the Shiba Inu ecosystem, reflecting the team’s aim to establish real utility rather than hype in the market. While specifics were not shared, Lucie hinted that some upcoming changes are “so substantial” they will require time to develop.
SHIB price decreased in the last week.
Community Urged To Overlook Detractors And Focus On Advancement
The Shiba Inu marketing group is encouraging supporters to look beyond short-term price movements and market negativity. As reported, Lucie stressed that fear, uncertainty, and doubt “build nothing” and urged members of the community to instead concentrate on technological innovation and the potential of decentralized finance.
She framed the current market challenges as temporary obstacles that will not hinder long-term growth and innovation within the ecosystem.
SHIB market cap currently at $7 billion. Chart: TradingView.com
Ambitious Price Aspirations Set Despite Current Decline
In spite of the recent downturn, the Shiba Inu team remains optimistic about price forecasts. They have suggested that a more than 12-fold surge to $0.0001833 is feasible in the near future. Looking further ahead, team members have not excluded the concept of SHIB eventually reaching $0.01 per token.
The team also highlighted new opportunities now accessible to users, including the recently launched Karma system on Puppynet. This feature tracks user activity on the L2 network and provides rewards for engagement.
The persistent market fluctuations pose a challenge to cryptocurrencies overall, yet Shiba Inu officials assert that sound technology development can endure short-term market downturns.
As macroeconomic forces continue to influence the broader financial landscape, the team’s message to supporters centers on long-term growth rather than immediate price shifts.
Featured image from Gemini Imagen, chart from TradingView
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