Shiba Inu (SHIB) has surged by 5.74% in the last 24 hours, outperforming the broader cryptocurrency market. This rise is part of a 17% increase over the past week, attributed to significant developments in the Shiba Inu ecosystem. A key driver is the privacy upgrade on Shibarium, which incorporates Zama’s Fully Homomorphic Encryption (FHE) to enable private smart contracts and encrypted transactions, expected by Q2 2026. Additionally, Shiba Inu's partnership with TokenPlay AI is set to introduce SHIB-branded incentive mechanisms for gaming creators, further boosting its appeal. Technically, SHIB has surpassed short-term resistance levels and is trading above its 7-day simple moving average, although it remains below the 200-day SMA.