Shiba Inu (SHIB) is Down 5% Today, but Growing Market Sentiment Suggests That This Dip May Be a Setup for a Major Rally Later This Year

This follows a period of significant growth, with SHIB up 6% over the past week and an impressive 28% over the past month.

Shiba Inu (SHIB) saw a slight dip of 5% today. However, market sentiment suggests that this setback may be setting the stage for a major rally later in the year.

This follows a period of significant gains, with SHIB rising by 6% over the past week and an impressive 28% over the past month.

This upward trend aligns with the explosive gains seen across the meme coin sector in recent weeks, where some coins have surged by as much as 1,000%, leading many to speculate if SHIB is next for a similar powerful rally.

Analysts and long-time holders remain bullish on the popular meme coin, with predictions pointing to new all-time highs and a potential shift in the meme coin hierarchy—possibly even overtaking Dogecoin.

Can Shiba Inu Overtake Dogecoin in 2025? Several key factors point to a bullish outlook for Shiba Inu (SHIB). Technical indicators continue to flash positive signals, and one trader recently locked in four profitable trades using both long and short strategies.

This heightened volatility opens the door for strong opportunities, especially as SHIB appears to be gearing up for a potential breakout before October.

Whales have started accumulating SHIB again, reinforcing the bullish momentum. This pattern often precedes sharp price increases and adds to the growing speculation around SHIB’s performance in the coming months.

Shiba Inu also maintains a clear edge over Dogecoin in terms of tokenomics and utility. While Dogecoin dominates the meme coin category with a $33 billion market cap, its infinite supply model raises concerns over long-term sustainability.

In contrast, SHIB operates with a capped supply and integrated burn mechanisms, creating a deflationary framework that strengthens its long-term growth potential. As more investors recognize these features, Shiba Inu continues to emerge as a strong challenger to Dogecoin’s meme coin dominance.Shiba Inu Price PredictionSHIB currently holds a market capitalization of around $8.8 billion, a considerable gap from its former peak of approximately $35 billion. A return to that level would represent a 3.8x gain from the current price point.

Technical analysis reinforces the bullish sentiment. On the daily timeframe, several indicators and moving averages reflect strong upward momentum. Weekly indicators show continued strength, while monthly charts suggest a neutral-to-bullish trend.

As the broader cryptocurrency market stabilizes, SHIB appears well-positioned for further gains, especially with burn rates rising and investor sentiment strengthening.

The Shiba Inu team keeps making its system bigger. The ShibaSwap platform is getting better. Also, Positions Exchange launched its advanced trading platform on Shibarium’s test network, suggesting more complex trading options are coming to Shibarium.

Market participants remain optimistic about SHIB’s future trajectory. Many predict the token could reach $0.001—and some even speculate on a push toward the long-awaited $0.01 mark during this market cycle.

Achieving $0.01 would require SHIB to remove multiple zeros and regain momentum seen during its peak rally.

While these price targets remain ambitious, the combination of continued ecosystem development, growing whale interest, deflationary tokenomics, and a dedicated community keeps SHIB in the spotlight.

If market conditions remain favorable and project milestones continue to unfold, SHIB could surprise many with its performance in the months ahead.This New Layer 2 Meme Coin Could Be the Next Shiba Inu – Solaxy (SOLX)Solaxy (SOLX) has become one of the most talked-about meme coin presales this year, quickly raising over $36.6 million and moving fast through its presale stages.

The project aims to improve Solana’s reliability, especially during high traffic. Solaxy handles excess network activity through a separate execution layer, helping Solana maintain fast transactions without slowing down.

It processes transactions off-chain, groups them, and settles them on the Solana network. This method cuts congestion, reduces fees, and keeps dApps running smoothly—even during market spikes.

🪐 Solaxy Testnet Bridge is LIVE! 🔗

You can now bridge native SOL between Solana Devnet and Solaxy Testnet at https://t.copy.codes/HbR3Z

🔥 Built with Hyperlane and tested in the trenches, this is the first step toward full cross-chain interoperability.

Ethereum bridging is coming for mainnet – stay tuned! 📥 pic.twitter.com/8NVoPaqaoV— Solaxy (@SolaxyOfficial) August 17, 2023

Recent developer updates show strong progress. The Solaxy Testnet Bridge is now live and connected to the Solana Devnet.

The team has worked closely with Hyperlane to create a secure validator system, delivering a testnet that mirrors real-world bridging. Native SOL transfers are already working well, offering fast, secure, and smooth performance.

The team continues to improve the bridge to match Solana Layer 1 standards