Shiba Inu’s Bold DeFi Move With Shib Finance Sparks 12x Surge Speculation
- Shib Finance introduces lending, borrowing, and savings, marking Shiba Inu’s shift into DeFi.
- SHIB price surged 12.64% today, with analysts predicting a 12x jump to $0.0001833.
- Breakout above $0.00003117 could confirm bullish pattern, targeting $0.00008757 and $0.0001833.
The Shiba Inu ecosystem is taking a major leap into decentralized finance (DeFi) with its latest project, Shib Finance. This initiative aims to expand beyond simple token swaps, introducing lending, borrowing, and savings features. Announced on March 25, the update signals a significant shift in the project’s trajectory.
Unlike traditional DeFi lending, which requires heavy collateral, Shib Finance will incorporate an on-chain reputation system. This means users can access financial tools based on their credibility within the ecosystem, not just their assets. The platform will integrate Shib Attestation, Karma Engine, and a Privacy-Powered Identity Layer to establish user reputation.
One of the standout features is Reputation-Based Lending, which allows users with a trustworthy history to borrow without excessive collateral. Organizations with a solid on-chain presence could also qualify for undercollateralized loans. Shibarium Updates noted that fewer than ten DeFi platforms offer reputation-based or undercollateralized lending, and most of them cater only to institutions.
“Shiba Inu would be among the first to make this accessible to the broader crypto community,” the team emphasized.
Enhancing DeFi with Advanced Tools
Beyond lending, Shib Finance will introduce savings vaults for passive earnings and synthetic assets for portfolio diversification. Privacy-focused identity verification will also be available, enhancing security and trust within the ecosystem.
Shiba Inu’s marketing lead, Lucie, highlighted the accessibility of the new platform, stating:
Shib Finance is on the way—think saving, borrowing, and earning made easy.”
This development marks a major shift from Shiba Inu’s meme coin origins into a full-fledged financial ecosystem. If successful, it could position SHIB as a major DeFi contender rather than just another speculative token.
Shiba Inu Price Surge and 12x Prediction
Meanwhile, Shiba Inu (SHIB) is currently trading at $0.00001515, reflecting a 12.64% gain in the past 24 hours. This bullish momentum has fueled speculation of a massive price surge, with some analysts predicting a 12x jump from current levels.
Lucie recently aligned with a forecast that sees SHIB reaching $0.0001833, stating that “I can’t agree more but more more” with the analysis. The prediction originates from CryptoELITES, a well-known analyst that noted SHIB’s rebound from a key support level, forming a classic cup-and-handle pattern.
For context, SHIB’s price hit an all-time high of $0.0008854 in October 2021. Its price action since then has been shaping this bullish formation, with the March 2024 peak of $0.00004567 completing the cup section.
CryptoELITES pointed out that a breakout above $0.00003117—the 0.618 Fibonacci level—would confirm the pattern’s validity. A push beyond this resistance could drive SHIB to $0.00008757, close to its historical peak. If momentum holds, the next target stands at $0.0001833, marking a staggering 1,109% surge from its current price.
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