Key Points
Shiba Inu is rallying in conjunction with bullish momentum for the crypto market connected to a recent speech given by Federal Reserve chair Jerome Powell.
Powell’s comments today suggest the Fed is leaning toward cutting interest rates next month.
A rate cut would be a strong bullish catalyst for Shiba Inu, but the cryptocurrency is still a high-risk play.
10 stocks we like better than Shiba Inu ›
Shiba Inu (CRYPTO: SHIB) is seeing strong strong gains in Friday’s trading. The cryptocurrency’s price had jumped 7.5% over the previous 24 hours of trading as of 2:45 p.m. ET.
Shiba Inu’s big gains over the last day stem from a recent speech given by Federal Reserve chair Jerome Powell. Based on statements from Powell’s speech this morning, investors are feeling far more confident that the Fed is on track to cut interest rates substantially this year.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
Image source: Getty Images.
Is Shiba Inu a buy right now?
Perhaps more than any other factor, the Federal Reserve’s interest rate policy is a crucial catalyst for Shiba Inu. Lower interest rates tend to create a much more favorable backdrop for riskier, speculative investments.
Powell noted in his speech today that inflation continued to be sticky, but he also said that weakness in the jobs market had shifted risk considerations in a different direction. In order to increase economic activity and boost the labor market, it now seems likely that the Fed will cut rates next month. As far as near-term bullish indicators for Shiba Inu go, that’s about as good as it gets.
On the other hand, investors should keep in mind that Shiba Inu is still a very high-risk investment. As a meme coin, the token’s pricing moves are heavily influenced by momentum in the broader crypto market and macroeconomic trends. So while Powell’s speech today seemingly represents a key green flag for Shiba Inu’s token price to continue moving higher in the near term, the token continues to be a risky play even compared to other big names in the crypto space.
Should you invest $1,000 in Shiba Inu right now?
Before you buy stock in Shiba Inu, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Shiba Inu wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $650,499!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,072,543!*
Now, it’s worth noting Stock Advisor’s total average return is 1,045% — a market-crushing outperformance compared to 182% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.
See the 10 stocks »
*Stock Advisor returns as of August 18, 2025
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
