Well-known community commentator “JD Updates” has asserted that a major Shiba Inu rally is around the corner.
In a tweet, JD issued a simple message to the Shiba Inu community, preparing them for an imminent rally. He stated that it is almost time for Shiba Inu to shine, suggesting that the token is gearing up for a significant price surge.
He stressed that this upcoming rally will reward patient investors who have been holding the token through its consistent downturns over the years. However, JD did not highlight any catalyst that could trigger the rally.
Notably, the statement reflects a widely held belief among several Shiba Inu proponents that the token is on the brink of a massive breakout.
For instance, analyst Shib Spain predicts that SHIB could soon rebound from its current level around $0.000013 to a new all-time high. Heber Mayen also teased that Shiba Inu’s upcoming rally will be massive, with the possibility of delivering 600% gains.
Shiba Inu Bearish Trend Will Soon Be Over
For context, after reaching an all-time high of $0.00008845 in October 2021, Shiba Inu has experienced a prolonged bearish trend.
Currently trading at $0.00001320, SHIB is down 85.02% from its previous ATH. This year alone, Shiba Inu has lost 37.6% of its value. At the moment, the token is down 1.97% over the past 24 hours and 0.7% over the past week.
Meanwhile, JD’s statement suggests that Shiba Inu’s period of lackluster performance may soon come to an end.
Growing Anticipation for 2025 Bull Run
His bullish assertion comes at a time when the broader crypto community is anticipating the next wave of the 2025 bull run. Anticipation soared after the Federal Reserve slashed interest rates by 0.25% earlier this week.
As observed in previous cycles, the upcoming bull run could drive crypto assets like Shiba Inu to new all-time highs. Analysts Himanshu Maradiya and Eunice Wong predict SHIB could surpass $0.0001 this year, marking a potential 657% gain from its current price.
Nonetheless, there is uncertainty about SHIB hitting this ambitious target in 2025.
Can ETF Boost Shiba Inu Case?
Another factor boosting community optimism for a potential rally is growing speculation around a Shiba Inu-focused spot ETF. The chatter intensified after San Francisco-based Coinbase introduced regulated SHIB futures under the “1k Shib Index.”
Marketing specialist Lucie noted that this move mirrors the early regulatory steps taken by Bitcoin and Ethereum before their spot ETFs were approved. Her commentary fueled speculation that SHIB could one day enter the U.S. ETF market.
However, no issuer has filed with the SEC to launch a spot Shiba Inu ETF yet. Meanwhile, the optimism of a SHIB ETF remains strong in the community. Many hope it will pave the way for a major price rally.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
