SHIB ETF: The Dog That Might Just Bark Loudly! 🐶💰

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  • Unlike the illustrious Dogecoin ETF, not a single soul has dared to apply for a SHIB ETF yet.
  • Exchanges saw a mere whisper of sell-offs as holders scooped up the dip in Q1 like it was a last slice of pizza.

In the dusty corners of the crypto world, Lucie, a notable figure in the Shiba Inu [SHIB] ecosystem, has stepped into the limelight with a bold pitch for an ETF. The air is thick with speculation, and the townsfolk are buzzing about a potential price breakout. According to her, SHIB is not just a fleeting fancy; it’s as accessible as a roadside diner and certainly more than just a meme.

“Is SHIB good for an ETF? Yes. Will boomers invest in a ‘doggy coin’? Also yes. Because SHIB isn’t just a meme—it’s decentralized, community-driven, and built to last.”

Will SHIB Follow in the Pawprints of DOGE?

Now, let’s not kid ourselves. Aside from the ever-popular Dogecoin [DOGE], no brave soul has filed for a spot memecoin ETF with the SEC as of this moment. Yet, the markets are filled with hope, boasting a 72% chance of approval by the end of 2025 on Polymarket. Talk about optimism!

As the leading pioneers in the memecoin frontier, we’re left to ponder whether a SHIB ETF will follow the illustrious DOGE ETF. The winds of fortune may be blowing in SHIB’s favor, given the low selling pressure and a months-long accumulation spree. All it needs is a spark—like a match to a dry field.

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However, the network activity has taken a nosedive, plummeting to quarterly lows of around 4000, a stark contrast to the nearly 20k seen in December. It seems user interest has taken a vacation, hinting at a 5x decline.

A robust recovery could be in jeopardy if this lack of interest continues to linger like a bad smell in the air.

On the price chart, however, SHIB has risen 25% from its March 2025 lows at press time, coinciding with its August 2024 lows. Right now, SHIB finds itself trapped in a Q3 price range of $0.000012 and $0.000020. A gain of 47% could be on the horizon if recovery extends to $0.000020, but first, it must clear the hurdle of $0.000016 (red zone). Talk about a dogfight!

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2025-03-26 09:14