Shiba Inu (SHIB) has been listed on the Australian exchange FameEX, according to a recent announcement. The asset experienced a sudden price rally to $0.00001004 on the platform shortly after its induction. Additionally, SHIB has been adopted for use at Dubai Duty Free airport stores. Both developments are considered bullish and may help expose SHIB to new users.
Shiba Inu (SHIB) has struggled to gain steam over the last year and a half. The popular cryptocurrency climbed to the $0.000032 price level in December 2024 but has since been on a downward trajectory. SHIB even struggled to gain momentum during the 2025 bull market.
While Bitcoin (BTC), Ethereum (ETH), and XRP hit new all-time highs, SHIB was barely holding on to its support levels. Shiba Inu’s lackluster performance is due to several factors. The asset is considered a memecoin with substantially higher risk than many other crypto assets.
Risk appetite among investors is quite low, and memecoins have not seen much positive price action. SHIB has also suffered due to the lack of hype. The asset had one of the most successful launches in crypto history, rallying by several million percent within months of its debut in August 2020. At the time there was substantial demand for SHIB with considerable online hype, but that has died down over the last few years.
While the recent Australian listing and Dubai adoption are bullish developments, it is unlikely to push SHIB’s price unless the larger market recovers. We could see some increase in use cases, but retail investors at large are skeptical about memecoins in the current market. SHIB could see a bullish break out when Bitcoin and the larger crypto market are back on their feet.
