Shiba Inu (SHIB) has partnered with the UAE Ministry of Energy and Infrastructure (MoEI), marking the first federal government-level integration of blockchain technology. Despite reaching this vital milestone, SHIB price continues to face volatility. Meanwhile, the total value locked (TVL) in the Shibarium ecosystem has crashed this year. It dropped from an all-time high of $6.27 million to $2.3 million on Sunday 16th February.
On the other hand, ChowWow, a new Solana-based entrant, has witnessed growing interest as its presale kickstarts. Many believe the new P2E meme coin could mirror Shiba Inu’s 2021 fast market growth. As excitement builds, the main question is whether $CHOW could outperform the second-largest meme coin by market cap in this cycle. This article uncovers Shiba Inu’s price trends and why $CHOW could emerge as the next big thing.
Shiba Inu’s Historic UAE Partnership Amid Price Slump
Shiba Inu has officially announced its partnership with the UAE government to establish a standard for government blockchain use. The ground-breaking collaboration spurred more social media activity, as mentions connected to the SHIB coin rose by 22%. However, whale behavior is cooling off. Recent SHIB market trends have mixed sentiments. Shiba Inu’s trading volume has generated sporadic gains against more general market downturns.
This indicated the erratic character of investor interest in the future market of the meme coin. Meanwhile, SHIB’s 30-day volatility is around 11.87%, suggesting ongoing price swings. The performance of the price of Bitcoin is still a significant outside influence; any rally beyond $100K could trigger a fresh altcoin frenzy, including the SHIB token. The daily time frame indicates Shiba Inu price has retreated in the past few weeks. It has dropped from a November high of $0.000033 to a low below $0.000017.
Shiba Inu price chart | Source: TradingView
The decline occurred after it created a head-and-shoulders-like pattern, suggesting a bearish signal. Moreover, SHIB’s price breached its critical support level at $0.00001856, its lowest swing since December 20. Worse, the meme coin has formed a death cross pattern as the 200-day and 50-day weighted moving averages have crossover. Therefore, the Shiba Inu price will likely continue falling as the bears target this month’s low of around $0.00001170, marking a 30% decline from the current levels.
ChowWow ($CHOW): The Next Solana-Based Meme Coin Sensation
Thanks to its strong presale performance, ChowWow continues to achieve increasing prominence in both the crypto space and social media platforms. It offers a virtual gaming environment with unique rewards and distinctive collectibles for in-game gaming achievement that can be redeemed for real-world value. Through the staking protocol, users can earn up to 8%-15% in APY by staking their tokens and providing liquidity to the ecosystem.
This will be paid out monthly, boosting investors’ portfolios. Even more interesting is that the project is built on the Solana blockchain, known for its high throughput, low transaction costs, and scalability. As such, ChowWow could tap into Solana’s Proof of Stake mechanism, allowing users to have quick and secure transactions at affordable rates. Moreover, the platform is undergoing regular third-party audits that could build up its credibility and security.
Powering the ChowWow ecosystem is the $CHOW token, which is currently being sold for just $0.008 during the first stage of its presale. Outside its use as a means of distributing gaming rewards, it is also a means of paying for in-game items in the P2E platform. The meme token is also deflationary, with a buy-and-burn mechanism that stabilizes the price. Given all these features and growing interest, industry insiders forecast ChowWow soaring as high as 1000% in presale, making it one of the best meme coins to watch in 2025.
ChowWow Attracts Shiba Inu Investors
While Shiba Inu’s price displays bearish signals on its technical side, ChowWow is emerging as the go-to platform for anyone seeking high returns and exploring the gaming environment. With a low entry of just $0.008, now is the optimal time to join the ChowWow revolution to maximize returns before the price soars.
This article is not intended as financial advice. Educational purposes only.
