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Concern among investors has been raised by XRP's notable 25% decline in value. This correction may not be as concerning as it first appears, though.
The Shiba Inu price has hit a plateau after a brief Q4 recovery fueled by Trump's election victory. Shiba Inu's modest performance in this bull cycle was one thing, but the meme coin's double-digit drop over 24 hours has disappointed many.
Shiba Inu burn rate surged 144,223%, removing 2 billion tokens. Shibarium upgrades and community engagement fueled the optimism.
Cryptocurrencies continue to dominate the financial space as Bitcoin hit the $100,000 mark early today. While the leading digital coin by market cap stabilizes above the psychological level, SHIB and ETH signal an alt season in play.
In this bull run, despite opting for blue-chip cryptocurrencies majority of investors and traders opting meme coins for a quick profit. While examining the growing interest in meme coins, CoinPedia's technical expert highlighted Shiba Inu (SHIB), the second-largest crypto-meme coin, as being poised for notable upside momentum.
In wake of Bitcoin (BTC)'s stunning breakout through the $100,000 level on Thursday, optimism is rising that a new wave of upside could be about to sweep through the meme coin markets, and analysts are coming out with bullish price predictions for major coins like Shiba Inu (SHIB). The post AI Predicts $1 Timeline for Shiba Inu – How Long Until $10? appeared first on Cryptonews.
The crypto market remains green; however, there are some exceptions to the rule, according to CoinStats.
Shiba Inu (SHIB) has experienced a notable price surge since mid-September, steadily climbing to a 9-month high.
Shiba Inu is still generating some traction on the market because of its recent price movement and on-chain dynamics, which point to possible growth. Because of its current market positioning, SHIB has been demonstrating resilience in the face of wider market uncertainties, drawing attention from investors hoping for a recovery.
The popular meme-inspired cryptocurrency Shiba Inu (SHIB) is riding the wave of the bull market. Not only is SHIB seeing gains on its price chart with its quotes up 17% this month, it is also only five days into December, but it has already reached an all-time high for Shibarium.
Shiba Inu, the second biggest meme coin in crypto, is in the spotlight after rising above a key resistance level. With Bitcoin price crossing the $100k mark, and crypto market's fear and greed index rising, there are odds that the SHIB price will continue rising in the next few weeks.
Shiba Inu (SHIB) has recorded a 249.6% increase since December 2023, riding the broader crypto market rally led by Bitcoin's breakthrough of $100,000, while showing improved supply dynamics and increased trading activity.
Shiba Inu (SHIB) is turning heads in the crypto world, showing signs of becoming a major player. Could a massive price surge be just around the corner?
The Shiba Inu ecosystem is poised for another shake-up with the announcement of a new token, Shifu.
Here's how high SHIB could go if it follows XRP's breakout trend.
Shiba Inu price rose on Thursday as investors reacted to the ongoing Bitcoin surge. The SHIB token jumped to a high of $0.00003268, its highest level since March 14 this year. It has risen by about 200% from its lowest level this year.
An obstacle has been encountered in Bitcoin's ascent to the elusive $100,000 milestone, prompting traders and investors to wonder what is preventing the top cryptocurrency from reaching its full potential. Although Bitcoin has recently experienced bullish momentum that brought it near $100,000, the psychological barrier has not been broken.
Why Some of the Market's Favorite Altcoins Were Soaring Today
A wallet linked to the United States government has transferred over 54 billion Shiba Inu (SHIB) tokens to a newly created wallet. Popular blockchain analytics platform Arkham Intelligence indexed the transaction on December 3.
The U.S. government's latest crypto transfers include $18 million in ETH and $13 million in BUSD amid a market rally.
Despite price consolidation, Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have maintained strong bullish momentum, buoyed by broader market recovery and community enthusiasm. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.4158 $61.1 billion +2.6% +3.7% Shiba Inu (CRYPTO: SHIB) $0.00003006 $17.7 billion +7.2% +18.7% Pepe (CRYPTO: PEPE) $0.00003006 $9 billion +9% +8.3% Trader Notes: Crypto trader Scofield highlighted a bullish chart pattern, saying everything is going as planned: $DOGE Update Going exactly as planned pic.twitter.com/BnsAIYlRmw — Scofield (@Crypto_Scofield) December 4, 2024 Technical analyst Kevin notes that in Dogecoin's previous cycle, after a major rally, the token consolidated for 24 days before surging to a macro golden pocket.
Bitcoin may consolidate in the near term while select altcoins continue to outperform.
The Shiba Inn (SHIB) price is looking perky in wake of an exciting new Shibarium upgrade, the could help power further development in layer-2 Ethereum scaling blockchain ecosystem. The post Shibarium Upgrade Sparks SHIB Rally – Can It Propel Shiba Inu to $1? appeared first on Cryptonews.
Pepe (CRYPTO: PEPE) saw a surge in trading activity following its listing announcement on Binance US, with analysts predicting further upward movement. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend 30-Day Trend Pepe (CRYPTO: PEPE) $0.00002031 $8.5 billion +4% +4.7% +152.4% Dogecoin (CRYPTO: DOGE) $0.4033 $59.3 billion +0.14% +1.1% +158.4% Shiba Inu (CRYPTO: SHIB) $0.00002928 $17.3 billion +5.7% +16.3% +76.1% Dogwifhat (CRYPTO: WIF) $3.13 $3.1 billion +1.9% +1% +57% Trader Notes: Crypto trader Davie Satoshi noted the bounce from key support levels as a positive sign, indicating bullish momentum may be on the horizon.
