Can Shiba Inu Price Hit New Highs Ahead of TREAT Token Launch Today?
Shiba Inu price continues to stabilize after the recent crypto market crash. SHIB token trades above $0.00002, after a brief recovery rally. Developers confirmed the launch of TREAT on January 14. Since this altcoin is highly anticipated and will be an integral part of the Shiba Inu ecosystem, it could spur a rally for SHIB, a dog-based crypto meme coin. As a result, market participants are closely watching this token’s launch.Shiba Inu price may gain momentum as the highly anticipated TREAT token launches today, January 14, 2025. The new token will initially debut on Ethereum, with plans to bridge it to Shibarium and Shiba Inu’s Layer 2 solutions later. Top exchanges, including Bitget, Gate.io, and Kucoin, confirmed their support for TREAT, listing it paired with USDT. Trading will start today, while withdrawals are set to begin on January 15. Deposits for the token have already opened, creating excitement among investors. The TREAT token is designed for governance and rewards within the Shiba ecosystem. Its launch aims to strengthen the ecosystem and reward user contributions, sparking increased investor enthusiasm. With widespread exchange support, TREAT could play a pivotal role in Shiba Inu’s future. It’s actually just a matter of HOURS now…$TREAT is launching as the ultimate token for rewards, governance, and more. ARE YOU READY? pic.twitter.com/hBwQxcRn55 — Treat (@treatsforShib) January 13, 2025Considering the deep connection between the TREAT token and SHIB and its ecosystem, it is likely that the launch of TREAT could serve as a tailwind and propel Shiba Inu price higher.SHIB Price Shows Signs of Reversal Amid Market AdjustmentsShiba Inu price is displaying potential signs of recovery after experiencing significant declines in recent weeks. Despite a 10% drop over the past week and a 20% decline for the month, SHIB has managed to post a modest 2% daily gain. At the time of writing, the SHIB price is trading at $0.00002133, signaling early signs of a possible price rebound. The recent TREAT launch happening today may fuel optimism among traders, with expectations of renewed momentum for the cryptocurrency. If the bullish trend persists, SHIB could break past the $0.000025 level. A further surge might push the price toward $0.00003, particularly if the broader market maintains its recovery trajectory. The global crypto market has experienced a 1.11% uptick in the last 24 hours, with Bitcoin hovering around $94,000. This sideways trading pattern could provide stability and support for SHIB’s potential rally. However, the possibility of bearish pressure remains a concern. A reversal in market sentiment could drive the Shiba Inu price forecast below the $0.00002 mark, erasing recent gains. As market participants monitor developments, the next few weeks could prove pivotal for Shiba Inu’s price trajectory, influenced by market trends and the performance of the TREAT initiative. Shiba Inu Price Chart: TradingViewThe launch of the TREAT token could boost Shiba Inu’s ecosystem, fostering price recovery. Market sentiment and TREAT’s success will determine the Shiba Inu price upward trajectory, making the coming weeks crucial. Frequently Asked Questions (FAQs) The TREAT token is a governance and rewards token within the Shiba Inu ecosystem. TREAT launches on January 14, 2025. Exchanges like Bitget, Gate.io, and Kucoin support TREAT trading. Coingape Staff CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.