Early Bitcoin Investor Explains Why Shiba Inu (SHIB) Could Go to The Moon

Shiba Inu (SHIB) traded steadily on Monday, March 10, 2025, following a week of modest fluctuations. However, the token has faced a significant decline over the past month, dropping 12.96% in the past week and 19.55% over the month.

This downturn comes amid broader struggles in the meme coin market, which has seen a sharp 90% drop in activity following the LIBRA debacle, according to a recent CoinGecko report.

Despite these setbacks, some analysts remain optimistic about SHIBs long-term potential. One such supporter is early Bitcoin investor Davinci Jeremie, who has shared his belief that SHIB still has a chance to surge in value.

I like Shiba Inu, Jeremie said in a Friday video. However, he tempered expectations, adding, I think Shiba Inu is going to do relatively well in this cycle, but it may not go as high as you expect.

Jeremie, who gained fame in 2013 for advising viewers to invest even $1 in Bitcoin, a move that proved immensely profitable, highlighted the networks layer-2 network, Shibarium, as a key factor that could drive SHIBs growth. According to him, the blockchain offers significant utility, providing low-cost transactions and the infrastructure to host decentralized applications (dApps). However, he noted that adoption remains a challenge.

Its a chain that you can actually run all kinds of applications on, he explained. Its pretty cheap to actually trade on Shibarium. However, nobodys using it, and there are no applications for using your tokens on Shibarium yet.

Jeremie, however, believes that if developers can address this issue by increasing adoption and integrating real-world applications, SHIB could see a significant rally.

If they get that solved, Shibarium and Shiba Inu will go to the Moon, he asserted.

That said, recent developments in the Shiba Inu ecosystem suggest ongoing efforts to enhance Shibariums utility. The team behind SHIB has been actively working on partnerships and initiatives to expand its use cases. Collaborations with projects like Chainlink and K9 Finance DAO could be crucial in this process.

For example, Chainlinks Cross-Chain Interoperability Protocol (CCIP) allows Shibarium to connect with multiple blockchain networks, potentially boosting accessibility to SHIB and other ecosystem tokens, including BONE, LEASH, and TREAT.

Additionally, SHIBs developers have been focusing on new integrations that could attract more users. Reports indicate that the ecosystem is exploring gaming applications, NFT marketplaces, and DeFi platforms that could leverage Shibariums low transaction costs. By diversifying its use cases, SHIBs team aims to increase adoption and enhance the tokens value proposition.

Another factor that could contribute to SHIBs success is its strong community backing. The SHIB Army has been instrumental in driving awareness and engagement. Community-driven initiatives, such as token burns and staking programs, have helped sustain interest in SHIB despite recent market downturns.

At press time, SHIB was trading at $0.00001267, up 1.87% in the past 24 hours. Its 24-hour buy volume surged 106% to $323 million, with bullish sentiment in the community reached 88%, according to CoinMarketCap data.

Text source: ZyCrypto

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