Shiba Inu Relies on Telecom Services to Withstand Bearish Market Trends

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Shiba Inu Relies on Telecom Services to Withstand Bearish Market Trends

Bitget-RWA2025/11/17 11:36

By:Bitget-RWA

- Shiba Inu (SHIB) partners with Unity Nodes to integrate into telecom sector , offering real-world utility via node rewards and NFT licenses. - Meme coins face bearish pressure, with SHIB down 5-8% amid delayed Fed rate cut expectations and declining derivatives interest. - Unity Nodes’ decentralized network allows users to verify telecom infrastructure, earning SHIB rewards and boosting token visibility. - SHIB trades near critical support levels, with mixed technical indicators and uncertainty over Fed

Shiba Inu (SHIB) has reignited enthusiasm in the crypto space after hinting at a major entry into the $2 trillion telecom industry through a collaboration with Unity Nodes, a decentralized telecom platform.

As detailed in a November 11 update

, this marks a notable shift for the

meme

token, moving its emphasis from pure speculation to practical applications. Unity Nodes operates a blockchain-powered mobile edge network, enabling users to enhance and validate telecom infrastructure by simply installing an app, with

SHIB

incentives as a reward. This partnership brings tangible benefits to SHIB investors, allowing them to buy nodes, obtain SHIB-themed NFT licenses, and collect extra rewards through the platform

as per the report

Despite this, the overall crypto market is still experiencing downward pressure, with meme coins such as SHIB,

Dogecoin

(DOGE), and

Pepe

(PEPE) seeing increased sell-offs amid a bearish outlook. A

November 14 review

noted that SHIB and similar tokens have fallen 5-8% over the past day, largely due to reduced interest and lower expectations for a Federal Reserve rate cut in December. The derivatives sector mirrors this negative sentiment, with SHIB’s futures open interest dropping 7% to $67.71 million.

Experts point to the sell-off

as a result of broader economic uncertainty, including a U.S. government shutdown that postponed key economic data, leaving traders uncertain.

The alliance between Shiba Inu and Unity Nodes emerges as a possible turning point for the token, offering a real-world application in a rapidly expanding industry. Unity Nodes’ network operates across various countries and telecom providers, using decentralized participation to monitor and maintain telecom systems. Participants help by making verification calls routed through Switch, Validation, and Earth Nodes, with performance results recorded on-chain for transparency

as outlined in the report

. For SHIB owners, this integration means not only earning rewards but also greater exposure, as SHIB is now accepted for payments within the Unity Nodes network. Additionally, users who pay for Unity Licenses with SHIB receive a 5% bonus,

providing extra motivation for adoption

Shiba Inu Relies on Telecom Services to Withstand Bearish Market Trends image 0

Even with these advancements, SHIB’s technical outlook is mixed. The token

is trading below $0.00001000

, approaching its S1 Pivot Point support at $0.00000879. While the Relative Strength Index (RSI) indicates a possible bullish divergence, the Moving Average Convergence Divergence (MACD) could confirm a bearish

trend

if it drops beneath the signal line. Investors are monitoring whether SHIB can recover from these crucial support levels or if it will slide further toward $0.00000759

based on technical analysis

The Unity Nodes partnership could be a game-changer for Shiba Inu’s future, placing it at the forefront of blockchain and telecom innovation. However, its long-term success will hinge on broader market dynamics, including Federal Reserve decisions and overall investor confidence. As the crypto downturn continues, SHIB’s move toward utility may ultimately decide whether it remains relevant or fades away.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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