The current president-elect, Donald Trump, had earlier made bold promises when it comes to the cryptocurrency domain. Bitcoin was one of the leading narratives that Trump propagated holistically in his electoral campaigns. In one of his rallies, Trump floated the idea of building a Bitcoin reserve. As his inauguration event draws near, the cryptocurrency community cannot help but wonder what will be the impact of this decision on several altcoins, including Shiba Inu. Will this development help SHIB claim new highs? \
Also Read: Donald Trump to Designate Cryptocurrency as a National Priority
Shiba Inu: What’s Happening With The Meme Coin
Shiba Inu is currently one of the leading crypto tokens that the entire cryptocurrency market looks up to. The token has established a steady reputation and continues to leverage the market momentum to attain new price highs. Shiba Inu is currently busy building a diverse crypto circuit and has recently unveiled a new TREAT token for its users to explore and interact with.
Kusama, in one of his recent blogs, shared how TREAT is short for Transactional Rewards for Engagement & Access Token and is launched as an engagement token for the ecosystem to explore holistically.
“Treat is an acronym: Transactional Rewards for Engagement & Access Token! This sums up this utility token nicely, and to make sure the army is rewarded properly, we are designing weekly TreatDrops for engagement for our many projects. This not only invites new users to try things like our Metaverse or have a Shiboshi (or SHEboshi for that matter), it will also incentivize new protocols, projects, and systems that are part of Y Combinator. It’s truly a game changer when you combine it with the access it provides our Shibizens.”
With talks of a Bitcoin reserve catching pace, Bitcoin’s movements have often had a significant impact on SHIB’s price trajectory. If this reserve is announced officially, it can help Bitcoin claim new highs, possibly pushing SHIB to spark a new rally.
Also Read: 3 Stocks To Jump Once Trump & Musk Officially Assume Governance Roles
AI Predicts The Token’s Price If Bitcoin Reserve Becomes A Reality
Shiba Inu could hit $0.000025 to $0.00029 in a short-term impact per AI if Trump announces building the Bitcoin Reserve.
Midterm impact would include SHIB hitting the $0.00003 price mark with a long-term impact compelling the token to claim an ATH of $0.00004 to $0.00005.
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