Shiba Inu (SHIB) is one of the most successful ERC-20 tokens in Ethereum (ETH) network. ETH has experienced a lot of power in recent weeks. ETH’s price began an upward fluctuation after the Pectra upgrade. Access has also seen a massive assumption of its ETF products. Consistent ETF inflows and Pectra update seem to drive ETH to new heights. Shiba Inu (SHIB) was able to start a breakout rally from Ethereums (ETH) recent increase. Let’s discuss more.
Ethereum can trigger a massive shiba inu rally
Shiba Inu (SHIB) launched its Shibarium network in 2023. While the launch, Shib gave its own network, the Layer-2 network is still based on Ethereum (ETH) network. Shib is still an ERC-20 token in its heart. ETH’s latest breakout can also lead to Shib seeing some movement as well.
Shiba Inu (SHIB) and Ethereum (ETH) share a common story. Even after SHIB’s launch in 2020, the team Ethereum founder sent Vitalik Buterin half of the project’s entire range. Buterin decided to burn 90% of tokens He received and donates the rest to charity. Buterin’s actions led to a huge pricing for Shib.
ETH’s latest rally may also have been run with numbers with lower than expected consumer price index (CPI). The low figures can lead to the Federal Reserve lowering interest rates in their next meeting. A dip in interest rates can lead to investors taking more risks. Shiba Inu (SHIB) is among the risky assets because it is a memecoin. We could see increased inflows to Shib if borrowing becomes easier.
Also read: Shiba Inu’s 156% Moonshot is triggered by War to $ 0.000014 Resistance
