Shiba Inu Partners With UAE Ministry of Energy, Is +362% SHIB Price Increase in Play for 2025?

The Shiba Inu project has entered a partnership with the United Arab Emirates’ Ministry of Energy and Infrastructure (MoEI) to help integrate blockchain technology in the public sector. 

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Unprecedented Partnershib @MOEIUAE x @Shibtoken! 🇦🇪

We are honored to announce our new Partnership with the Ministry of Energy and Infrastructure of the World’s #1 Crypto location, the UAE!

Learn more ➡️ https://t.co/TMFjLvlmHB pic.twitter.com/pkv6AGmUyI

— Shib | TreatYourself Season (@Shibtoken) February 4, 2025

The announcement published by the Shiba Inu team is rather vague when it comes to details, except by mentioning that the collaboration with MoEI will revolve around ShibOS, an infrastructure stack that includes multiple solutions including rollups for fast and cost-effective blockchain transactions, as well as solutions for digital identity, privacy and security.

Eng Sharif Al Olama, the undersecretary for energy and petroleum affairs at MoEI, commented on the partnership with Shiba Inu:

We’re delighted to deepen our commitment to cutting-edge digital services. This partnership represents a pivotal moment in our journey toward redefining government services. By embracing emerging technologies, we aim to set a global benchmark for innovation, delivering transformative solutions that benefit both our citizens and the wider community.

According to Shytoshi Kusama, a leading figure in the Shiba Inu project, the partnership is poised to “redefine how governments, businesses and citizens collaborate in a transparent, eco-friendly digital framework”.

The markets don’t seem to be too impressed by Shiba Inu’s latest partnership, but the SHIB price prediction remains optimistic

Although SHIB still maintains a very respectable 16th spot in the crypto rankings and a market capitalization of $9 billion, the popular meme token has been off to a rough start this year, dropping by around 29% against the US dollar since January 1.

The partnership with the UAE Ministry of Energy and Infrastructure hasn’t boosted the Shiba Inu price, as SHIB is down 5.7% in the last 24 hours despite the partnership announcement.

However, the SHIB price prediction algorithm on CoinCodex continues to be bullish on the token, as it forecasts SHIB to reach as high as $0.00007024 in 2025, which would represent a 362% increase from its current price.