Shiba Inu: Can It Reclaim Momentum and Attract Bulls?
Shiba Inu (SHIB) has experienced a turbulent week, reflecting broader uncertainty in the crypto market. Opening the week at $0.00002165, SHIB witnessed fluctuating momentum as it dipped to a low of $0.0000210 before climbing towards $0.0000220. However, price swings were pronounced, keeping traders on edge. The token’s current value sits at $0.0000216, showcasing minimal net growth over the week. The Mid-Week Surge and Pullback On January 12th, SHIB briefly surged past $0.0000225, its weekly high, sparking optimism for a potential rally. This rise coincided with an uptick in trading volume, hinting at increased buying interest. However, the excitement was short-lived as profit-taking and broader market corrections drove the price back to the $0.000021 level. Transitional moments, such as the sharp dip on January 13th to near $0.0000205, highlighted lingering bearish pressures. 7-days price chart- source: CoinMarketCap Market performance suggests SHIB is consolidating within a tight range, possibly preparing for a decisive breakout. Despite the fluctuations, Shiba Inu has shown resilience, holding above its critical support levels. Technical indicators signal neutral momentum, with neither bulls nor bears gaining full control. Related article: Shiba Inu Sees 105% Burn Rate Spike and Price Surge In the past 24 hours, SHIB traded between $0.0000236 and $0.00002458, further underscoring the token’s short-term range-bound movement. While trading volumes remain steady, market sentiment is tepid as investors weigh SHIB’s potential against macroeconomic factors. Long-Term Metrics and Potential Shiba Inu’s long-term metrics remain compelling. The token’s all-time high of $0.00008845 (October 2021) feels distant, with a 73.16% drawdown since then. Yet, its meteoric rise from an all-time low of $0.00000000008165 in September 2020 reflects its enormous growth potential, boasting a staggering 29,078,225% increase since inception. Related article: Shiba Inu Drops 4.24% in a Week: Can SHIB Bounce Back? The road ahead for SHIB depends on a mix of technical patterns and market developments. If SHIB breaks above $0.0000225 with conviction, it may spark renewed bullish momentum. Conversely, a failure to defend the $0.000021 support could trigger a downward move. Shiba Inu remains a speculative favorite, attracting both skeptics and optimists. Its current performance underscores its status as a highly volatile asset, capable of delivering surprises for both traders and long-term holders. As SHIB’s journey continues, its next move will undoubtedly capture the crypto community’s attention.
Crypto Predictions for Q1 2025: SHIB Targets $0.0001, XRP Eyes $8.50, and RXS Aims for $10
Donald Trump’s return as U.S. president signals brighter days for cryptocurrencies, following regulatory challenges under Joe Biden’s tenure. With Trump’s pro-crypto stance, the community is optimistic about friendlier policies that could accelerate crypto adoption. This optimism is fueling bold forecasts for Q1 2025, with Shiba Inu (SHIB) targeting $0.0001, Ripple (XRP) eyeing $8.50, and Rexas Finance (RXS) aiming for $10. Shiba Inu (SHIB): The Push Toward $0.0001 SHIB is inching closer to the elusive $0.0001 mark, with several factors driving this momentum. Over the past week, whales added 2.32 trillion tokens to their holdings, reducing selling pressure and boosting market sentiment. Token burns have surged by 105%, increasing scarcity and creating a natural upward price trajectory. Shibarium, SHIB’s Layer 2 blockchain, is gaining traction with enhanced transaction efficiency and growing adoption. This utility-driven demand positions SHIB for sustained growth. On the technical side, bullish indicators like RSI and Stochastic crossovers support upward momentum. Breaking key resistance at $0.000025 could set the stage for a rally to $0.0001, especially with market optimism surrounding Trump’s crypto-friendly administration. Read Also: Don’t Miss Out! The Best Crypto Telegram Channel you need to join in 2025. Ripple (XRP): Targeting $8.50 XRP’s recovery above $2.40 has reignited predictions of a meteoric rise to $8.50. Japan’s banking sector recently announced plans to integrate XRP, and even a 10% adoption of Japan’s $6.37 trillion banking market could push XRP well beyond $8.50. Ripple’s XRP Ledger continues to transform cross-border payments, attracting institutional confidence. Whales recently accumulated over 350 million XRP tokens, signalling strong market support. Technical charts show a bull flag pattern, suggesting a breakout to $8.50 or higher. Regulatory clarity and potential approval of Ripple ETFs could further boost investor sentiment, positioning XRP for exponential growth in Q1 2025. Rexas Finance (RXS): Racing Toward $10 Rexas Finance (RXS) is emerging as a game-changer in decentralised finance, leveraging real-world asset (RWA) tokenisation to revolutionise traditional finance. By turning assets like real estate and commodities into digital tokens, RXS enables fractional ownership and opens up investment opportunities for all. The project has gained significant traction during its presale, which began at $0.03 and surged to $0.175 by stage eleven, raising over $35 million. With just weeks until its token launch, investor interest remains high. Strategic listings on major exchanges and a million-dollar community reward initiative are expected to drive RXS toward the $10 mark. Its CertiK audit and listing on platforms like CoinMarketCap and CoinGecko add further credibility. RXS’s innovative approach and fast-growing community position it as a leader in decentralised finance, with analysts confident it can achieve its ambitious targets in early 2025. Read More: Trending Now: The Hottest Coins to Buy Right… Conclusion SHIB, XRP, and RXS are poised for significant growth in Q1 2025, backed by strong market fundamentals and strategic developments. SHIB could finally reach $0.0001, XRP may scale to $8.50, and RXS is well to hitting $10. With RXS currently priced at $0.175, this could be the perfect time to invest and capitalise on its potential. Don’t miss the opportunity to ride the next wave of crypto growth!
32.74 Trillion Shiba Inu Transferred to Unknown Wallet: The Full Story
A staggering 32.74 trillion Shiba Inu tokens were moved to an unidentified wallet by Crypto.com, leaving the Shiba Inu community astonished. The large-scale transfer was first highlighted by Whale Alert, a blockchain tracker, and sparked various speculations within the crypto space. What Happened in Detail It was revealed by Whale Alert on Tuesday that Crypto.com executed a significant transfer of Shiba Inu tokens. The exchange moved an initial batch of 1.634 trillion SHIB, worth approximately $39 million, from its hot wallet labeled “0xf2B0” to an unidentified wallet, “0xa23f.” The transfer occurred at 13:47 (UTC). Additional data showed that similar transactions were repeated multiple times within the same hour. The exchange transferred identical amounts in five separate transactions. Upon further examination, it was discovered that Crypto.com executed 20 consecutive transfers to the same receiving wallet. The total transferred amount reached an astonishing 32.74 trillion SHIB, valued at $390.39 million. Internal Transfers Confirmed An in-depth on-chain analysis conducted by The Crypto Basic clarified the situation. The investigation concluded that the enormous transfer was an internal shuffle within Crypto.com. The receiving address was identified as a deposit wallet owned by the exchange, as confirmed by data from Arkham. This internal movement involved shifting excess Shiba Inu tokens from the hot wallet to a more secure deposit address. Such internal transfers are common practices for major trading platforms, typically carried out to bolster security measures and maintain liquidity. Mixed Reactions from the Shiba Inu Community The Shiba Inu community reacted with a mix of confusion and speculation to the transfers. Some enthusiasts expressed concerns, questioning the reasons behind the massive movement of tokens. A few members speculated that Crypto.com might have been hacked, suspecting that the tokens were being stolen. Related Article: On the other hand, other users interpreted the transfer differently. They believed it indicated a large-scale whale accumulation, suggesting that an investor might be purchasing enormous amounts of Shiba Inu and moving them to a private wallet. The movement of 32.74 trillion Shiba Inu tokens by Crypto.com was confirmed to be an internal process aimed at enhancing the exchange’s operational efficiency. While some members of the crypto community viewed the transfers with skepticism, others perceived them as bullish signals indicating whale accumulation. Related Article: As the Shiba Inu market continues to navigate these developments, the incident highlights the need for transparency in large-scale crypto transactions to avoid unnecessary panic within the community.
Shiba Inu (SHIB) Burn Rate Hits Multi-Week Low
A significant decline in the burn rate of Shiba Inu (SHIB) has been observed, indicating one of the lowest levels in recent weeks. According to data from Shibburn, the burn rate has dropped by 88.65% in the past 24 hours, with less than one million SHIB being removed from circulation. SHIB Burn Rate Dips Dramatically As per Shibburn’s records, only 606,465 SHIB were transferred to dead wallets in the last 24 hours. The burn involved a single wallet, “0x56f…80b5,” which was recorded 12 hours before the time of reporting.This latest burn brings the total number of SHIB burned to 410,742,905,471,145 tokens. Meanwhile, the circulating supply stands at 584,163,863,061,304 SHIB, highlighting the extensive effort still required to significantly reduce the token supply. Although a burn of 5,441,220 SHIB was recorded on December 29, accompanied by a 972% surge in the burn rate, the current drop to a multi-week low is not entirely negative. It is believed that this dip could precede a larger burn initiative, potentially impacting the token’s price. Deflationary Metric Reflects Shiba Inu’s Growth The decline in the burn rate serves as a key indicator of Shiba Inu’s overall network health as the year comes to an end. Related Article: Shiba Inu Faces Mixed Signals: Rising Price but Declining Burn Rate This deflationary mechanism is seen as a crucial factor in the protocol’s long-term growth and market performance. Shiba Inu Price Update A correlation between Shiba Inu’s burn rate and price has once again been noted, as the token’s value fell by 2.66% over the last 24 hours to $0.00002172. Read more : Doge and SHIB Rank Among Top Assets on MetaMask Over the past month, SHIB has experienced a 19.65% decline, reflecting broader challenges within the cryptocurrency market.Despite this, there are signs that Shiba Inu might be poised for a rebound. https://x.com/acinemaboy/status/1853516056528036321?t=NN_MYrtlrnQkyfraeKAeXg&s=19 With less than 48 hours remaining in the year, a recovery could potentially see the token regain the $0.000025 level in the short term.
Shiba Inu Market Stability Amid 99.5% Whale Activity Decline
Shiba Inu (SHIB), a popular meme-based cryptocurrency, continues to face dramatic changes both in its market performance and on-chain activities. A notable event occurred recently with a 99.5% drop in bullish whale activity within just one day. Significant Whale Inflow Collapses Two days ago, large investors holding at least 0.1% of SHIB’s total supply saw their net inflow of tokens rise sharply. According to data from IntoTheBlock, this figure surged from 60.75 billion tokens to 2.97 trillion. Related article: Shiba Inu Price Drops: Can SHIB Regain Bullish Momentum? However, the inflow plummeted to a mere 14.8 billion tokens today, marking the lowest level of the week. The analysis shows minimal changes in token outflows from these wallets during the same period. Source: IntoTheBlock Despite this, inflow levels showed significant volatility. Initially, inflows jumped by nearly three trillion SHIB tokens daily before dropping to 760.82 billion tokens. Price Reacts to Whale Movements As whale inflows surged, SHIB’s price increased by over 6%, demonstrating the impact of large-scale buying activity. Once inflows normalized, the token’s price stabilized, trading with a slight decline of 2.32%. This stability suggests limited selling pressure from major investors, which helped avoid a severe price drop. Source: CoinMarketCap The sharp decline in net flows primarily reflects the correction of an unusual spike in inflows rather than a mass exodus of whale holdings. This indicates ongoing interest from large investors, with purchases reaching approximately $66 million daily. Related article: Shiba Inu on Edge: Can It Survive Below 67 Trillion SHIB Level? The lack of significant outflows further supports a positive outlook for SHIB, as it avoids the risk of a large-scale sell-off. While the on-chain activity of Shiba Inu whales has experienced fluctuations, the market impact remains manageable. With continued interest from prominent investors and limited selling pressure, SHIB’s price stability offers reassurance to its supporters.
Shiba Inu Price Drops: Can SHIB Regain Bullish Momentum?
Shiba Inu (SHIB) faced a major setback after its recent recovery attempt failed to break through the crucial 100 EMA resistance level. The price, which currently trades around $0.00002215, reversed its upward movement, causing concern among traders and investors. The 100 EMA, positioned near $0.00002255, acted as a strong resistance and halted SHIB’s rally. This rejection highlights the persistence of bearish sentiment, with the market lacking the strength to sustain a long-term upward trend. Declining Volume Signals Waning Interest Adding to the challenges, SHIB’s trading volume has dropped significantly. A decline in volume during a failed recovery often indicates reduced market interest. This reduced participation makes it harder for the price to maintain bullish momentum. Related article: Analyst Predicts Shiba Inu’s Progression Toward $0.000081 Without notable market catalysts, speculative interest in SHIB has faded, further contributing to its lackluster performance. Looking ahead, SHIB finds immediate support near the 200 EMA, approximately at $0.00002055. A break below this support could trigger a steeper decline, possibly pushing the price toward the psychological support level of $0.00001900. Source: CoinMarketCap On the upside, reclaiming the 100 EMA at $0.00002255 remains critical for SHIB to regain bullish momentum. If successful, the price could aim for the next resistance level at $0.00002494. Challenges in Staying Relevant Despite overall market growth, SHIB struggles to stay relevant among investors. Its poor performance underscores the importance of finding new market participants and maintaining critical support levels. Related article: Shiba Inu on Edge: Can It Survive Below 67 Trillion SHIB Level? For SHIB to stage a recovery, traders should monitor volume and momentum indicators closely. These factors will likely determine whether the token can reverse its downward trend and regain investor confidence. With bearish pressure persisting, SHIB faces an uphill battle. Only a significant increase in volume or market catalysts can shift its trajectory and renew optimism among investors.
SHIB Burn Rate Surges Nearly 100% Amid Significant Developments
Recent data from the Shibburn tracking service has revealed that a substantial volume of SHIB tokens has been removed from circulation over the past day. SHIB Burn Rate Experiences a Dramatc Increase A remarkable 97.97% surge in the SHIB burn rate has been reported, as disclosed in the latest Shibburn update. Significant transfers to unspendable addresses included 4,326,195 SHIB and 1,040,537 SHIB. The total volume of tokens sent to dead-end blockchain wallets amounts to 6,269,117 SHIB. Related Article: Analyst Predicts Shiba Inu’s Progression Toward $0.000081 This sharp rise in the burn rate coincides with a notable development within the Shibarium ecosystem. Shytoshi Kusama Highlights SHIB Metaverse Rollout Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, has emphasized the launch of the SHIB Metaverse. This innovative platform, developed by the SHIB team, is now accessible to early adopters within the SHIB community. Related Article: Shiba Inu on Edge: Can It Survive Below 67 Trillion SHIB Level? Kusama, when thanked by an X user for the Metaverse rollout, credited the achievement to a collaborative effort. The lead developer acknowledged the contributions of “many, many incredible people” who worked together extensively to bring this project to fruition. Additionally, Kusama hinted that this release marks “the first of many things coming soon,” suggesting further advancements in the Shiba Inu ecosystem.
Analyst Predicts Shiba Inu’s Progression Toward $0.000081
Shiba Inu experienced a sharp downturn during the recent market correction, with its value dropping over 22% in the past week. This decline caused the dog-themed cryptocurrency to retest its early November low of approximately $0.00001853. Despite this setback, a strong rebound was observed, as SHIB recovered near its critical demand zone of $0.000022. From its low point, the asset achieved a 24% increase and now trades at $0.00002312. Due to this recovery, analyst Javon Marks has emphasized that Shiba Inu’s bullish trend remains intact. In a recent statement, Marks expressed confidence that the meme coin would stay on its path to $0.000081. Signs of Bullish Momentum in Shiba Inu It has been noted by Marks that Shiba Inu displays promising bullish potential. According to his analysis, the cryptocurrency’s rebound has triggered a signal indicative of future price surges. Additionally, it was highlighted that Shiba Inu’s progress toward its all-time high of $0.00008854 is still achievable. Marks has projected that the token could rise by over 234%, reaching $0.000081. This outlook was supported by a chart demonstrating Shiba Inu’s bullish confirmation. On the SHIB/USD daily chart, a bullish engulfing pattern was confirmed with a strong daily close. Although the exact timeline for this target remains unspecified, Marks’ remark about the move being “in the cards” suggests that significant price action could occur soon. Targeting $0.000081: Shiba Inu’s Potential Marks has consistently reiterated his forecast regarding Shiba Inu’s potential rise to $0.000081. His analysis has been rooted in the meme coin’s bullish momentum and its ecosystem developments. In October, Marks had already predicted an imminent move to this target. The projection came before the broader crypto market experienced a surge following Donald Trump’s election victory. At that time, Shiba Inu was trading at $0.0000178. Investors purchasing at that level would have seen a portfolio increase of over 30% based on current prices. Related Article: SHIB Sell-Off: Nearly a Trillion Tokens Unleashed by Whales However, the token remains 252% below the $0.000081 target. Broader Shiba Inu Market Outlook Similar bullish sentiments have been shared by other analysts. A prominent figure within the community, SHIB KNIGHT, has suggested that the token is poised to surpass $0.00008618 and achieve unprecedented price levels. Related Article: Shiba Inu on Edge: Can It Survive Below 67 Trillion SHIB Level? Additionally, another analyst, known as Charting Guy, has speculated on a retest of Shiba Inu’s all-time high. He based his prediction on a symmetrical triangle breakout pattern, which suggests a potential rise to $0.00008841. By capitalizing on the current momentum and strong technical indicators, Shiba Inu’s upward trajectory remains a possibility, making it an asset to watch closely.
Shiba Inu on Edge: Can It Survive Below 67 Trillion SHIB Level?
Shiba Inu (SHIB) faces a critical moment as on-chain data highlights significant risks to the token’s future. The 67 trillion SHIB support level, closely tied to high transaction volumes and market stability, appears increasingly fragile amid a bearish market. Struggling Below Key Support Levels SHIB has failed to maintain crucial support levels on the daily chart. The token recently dropped below its 50 EMA, a key indicator of market strength, and now trades near $0.0000222. The 200 EMA, typically the last line of defense for bullish momentum, is dangerously close. Source: CoinMarketCap If SHIB loses this level, the price could tumble further, targeting $0.0000204 or even lower. This threatens to erase most of the gains from its prior bullish rally. On-chain metrics paint a concerning picture. Related article: Shiba Inu Battles Resistance: Will It Break Through $0.000027? Large transaction volumes have sharply declined, indicating reduced interest from whales and institutional investors. Profitability metrics also show that most SHIB holders are currently at a loss, further contributing to bearish sentiment. Risks of Panic Selling Breaking important support levels could trigger panic selling, potentially creating a cascading effect. As selling pressure mounts, the 67 trillion SHIB level may vanish, adding to the asset’s downward spiral. This level not only represents a psychological threshold but also serves as a crucial technical indicator for market stability. Related article: Shiba Inu Profitability Drops: What It Means for the Future Despite the bearish outlook, SHIB still has a chance to recover. If the token bounces off the 200 EMA and enters oversold territory on indicators like the RSI, speculative buying could drive a recovery. In such a scenario, the 50 EMA at $0.0000250 and the psychological barrier at $0.0000300 would become immediate resistance levels to watch. Investors should monitor SHIB’s volume and key support zones closely. A stable recovery at these lower levels could attract new buyers, providing hope for a turnaround. However, the risk of further losses remains high if selling pressure persists.
Shiba Inu Battles Resistance: Will It Break Through $0.000027?
Shiba Inu (SHIB) continues to face hurdles in sustaining an upward trend, as Bitcoin’s price stagnates below the critical $100,000 mark. Currently, SHIB is trading at $0.00002172, reflecting a 1.39% decline over the last 24 hours, according to CoinMarketCap. Recent data highlights contrasting trends within the Shiba Inu ecosystem. Trading volume dropped sharply by 21.39%, while the burn rate surged by an impressive 404% overnight. This volatility underscores the uncertainty surrounding SHIB’s short-term prospects. Key Sell Wall at $0.000027 A significant sell wall looms over SHIB, posing a critical challenge to its price momentum. Data from IntoTheBlock reveals that approximately 73.96 trillion SHIB faces resistance near the $0.000027 price level. Meanwhile, SHIB struggles to surpass the smaller $0.000023 mark, where 36,810 addresses collectively acquired 56.62 trillion SHIB. Source: IntoTheBlock These holdings could trigger massive sell-offs if prices rise to this level, further complicating SHIB’s recovery. Investors must resist the urge to liquidate during ongoing market uncertainty for SHIB to maintain its growth. Related article: Shiba Inu Profitability Drops: What It Means for the Future If sellers remain cautious, SHIB could push past the $0.000027 resistance. However, breaking through this level remains a formidable challenge that could stall the token’s upward momentum. Role of Whales in Sustaining Growth Shiba Inu’s future trajectory heavily depends on Bitcoin’s price action. If Bitcoin attempts to surpass its all-time high of $108,000, the resulting market enthusiasm could catalyze a bullish rally for SHIB. Despite a slowdown in large transaction activities, SHIB whales have played a crucial role in maintaining the token’s momentum. Related article: Shiba Inu Burns 131.2 Million Tokens, But What’s the Real Impact? Over the past week, the number of active SHIB whales has increased, showcasing their confidence in the token. Shiba Inu’s low price continues to attract investors seeking long-term opportunities. If the broader SHIB community and the 213 addresses holding at the $0.000027 level refrain from selling, the token could potentially reach $0.00003 in the near future. With disciplined investor behavior, SHIB could overcome current obstacles and reclaim its upward trajectory.
