Here is Shiba Inu Best Shot at Reclaiming $0.00003

Speculation is growing that a rate cut by the Federal Reserve could ignite a major crypto rally, boosting the prices of assets like Shiba Inu. 

Shiba Inu has struggled to mount a strong rally since December 2024, when it last traded above the $0.00003 mark. On December 8, the token reached a multi-month high of $0.00003329 following Donald Trump’s re-election. 

However, instead of sustaining the momentum, SHIB has steadily declined over the past nine months. It has fluctuated significantly between $0.00001 and $0.00002, losing over 60% of its value. 

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Despite announcing several initiatives, including upgrading its decentralized exchange ShibaSwap, SHIB has yet to stage a rebound toward $0.00003. 

How a Potential Rate Cut Might Impact Shiba Inu 

Meanwhile, according to market commentators, Shiba Inu’s best shot at reclaiming the $0.00003 level may hinge on the U.S. Federal Reserve’s upcoming interest rate cut decisions. Market participants expect the Fed to slash interest rates later this week. 

Data from the CME FedWatch tool reflects this outlook, showing a 96.4% probability of a 25-basis-point rate cut to bring the target range down to 400–425 bps. However, the chances of a deeper 50-basis-point cut stand at just 3.6%. 

By cutting interest rates, borrowing becomes cheaper. Such a decision also encourages investments in riskier assets, like cryptocurrencies. Several industry commentators believe that a rate cut could spark the next wave of the 2025 bull run. 

For instance, popular investor ‘Merlijn the Trader’ predicted that the upcoming rate cut could propel Bitcoin to $150,000 and Ethereum to $10,000. 

The potential rally of the world’s two biggest cryptocurrencies could significantly lift the prices of other assets, with Shiba Inu expected to benefit from this move. If this happens, assets like Shiba Inu could benefit from a broader market rally, pushing its price to $0.00003 and beyond. 

Community-Driven Rally 

Despite the ecosystem team releasing projects like Shibarium to boost SHIB’s utility, the network’s adoption has stalled. Instead, Shiba Inu’s growth over the years has primarily been fueled by its dedicated community. 

Although momentum has waned in recent times following SHIB’s lackluster performance, some members have continued to promote the token across various social media platforms. 

With the Fed expected to cut interest rates, potentially making crypto investments more appealing, the Shiba Inu community’s enthusiasm could attract retail investors to allocate capital to SHIB. As demand soars, Shiba Inu’s price could revisit $0.00003 or surge beyond that level. 

Amid a broader market downturn, Shiba Inu has plunged 3.34% over the past 24 hours to $0.00001348. This comes hours after SHIB climbed above the $0.000014 mark. Therefore, hitting the $0.00003 would require SHIB to rally 122% from its current level.