Shiba Inu Profitability Drops: What It Means for the Future
Recent on-chain data reveals a tough period for Shiba Inu (SHIB) investors, with 43% of holders currently at a loss. Only 53% of SHIB investors enjoy profitability, highlighting challenges in the asset’s market trajectory. Profitability metrics, a key reflection of market health, point to growing concerns over SHIB’s performance. Decline in Large Transactions Signals Weak Momentum Large transactions involving SHIB have dropped by 60.9% in the past week, signaling reduced activity from whales and institutions. This decline significantly affects bullish momentum, as these players typically drive major price surges. Without their involvement, SHIB’s potential for recovery faces additional hurdles. Source: CoinMarketCap Major players control 73% of SHIB’s total supply, leaving the asset prone to sharp price swings. Currently, SHIB trades near the 100-day Exponential Moving Average (EMA), a critical support level. Related article: Shiba Inu Burns 131.2 Million Tokens, But What’s the Real Impact? A breach of this level could trigger further losses, potentially testing the 200 EMA. On the upside, resistance at $0.000023 remains key. Breaking this resistance might spark bullish sentiment, though current market conditions suggest this is unlikely in the near term. Slowing Network Growth Raises Concerns SHIB’s network growth shows troubling signs, with fewer new wallet activations. This indicates declining interest from new investors, a crucial factor for sustaining momentum in speculative markets. Additionally, community engagement on platforms like Telegram has slightly dropped, reflecting waning enthusiasm among supporters. Related article: Massive Transfer of 400 Billion SHIB from Early Whale Shocks Major US Exchange SHIB needs a shift in market sentiment to regain stability. Increased whale activity, stronger network growth, or a decisive break above resistance levels could help reverse its fortunes. For now, cautious optimism may be the best approach for SHIB holders. Investors should closely monitor the $0.000020 and $0.000023 price zones, as these levels could shape SHIB’s near-term outlook.
Shiba Inu Burns 131.2 Million Tokens, But What’s the Real Impact?
The SHIB community has successfully burned 131.2 million Shiba Inu (SHIB) tokens, according to data from the Shibburn tracking platform. This effort aimed to reduce the token’s circulating supply. However, the burn coincided with a 10% drop in SHIB’s market price, raising concerns about its overall impact. Despite the large token removal, the weekly burn rate declined by 67.29%, as revealed in a recent tweet. Daily Burn Rate Shows Improvement On a more positive note, the daily SHIB burn rate surged by 69.28%, but the total amount burned was significantly smaller. Only 6,181,175 SHIB tokens were sent to a dead-end wallet through eight burn transactions. The largest burns included 2,874,467, 1,701,750, 1,463,776, and 1,000,000 SHIB tokens, showcasing active community efforts to limit supply. Since its inception, the SHIB community has transferred a total of 410.7 trillion SHIB tokens to unspendable wallets. Related article: Shiba Inu Whale Sells 250 Billion SHIB Worth $6.05 Million Meanwhile, 584.1 trillion SHIB remain in circulation on the cryptocurrency market. These figures highlight the ongoing attempt to control the token’s supply and, by extension, its market value. Early Whale Sells Massive SHIB Holdings An early SHIB investor, who initially purchased over 15 trillion SHIB four years ago, recently sold two substantial batches totaling 650 billion SHIB. The larger transaction involved 400 billion SHIB, valued at $9.69 million, which was sent to the Gemini crypto exchange. The smaller batch of 250 billion SHIB was also sold, but its destination remains unknown. After these sales, the whale’s SHIB holdings have dropped to approximately 2 trillion SHIB, worth about $48.54 million. Related article: Analysts Identify Bullish Potential for Shiba Inu (SHIB) to Surge to $0.000070 SHIB’s price dropped by 10% in the past 24 hours, falling from $0.00002617 to $0.00002338. However, it has since recovered by 4.27%, trading at $0.00002440. This decline followed the broader cryptocurrency market’s reaction to Bitcoin’s sudden plunge. Bitcoin’s drop below $100,000 occurred after Federal Reserve Chair Jerome Powell announced a smaller-than-expected interest rate cut of 25 basis points instead of the anticipated 100 basis points. This shift triggered a ripple effect across the entire crypto market, affecting tokens like SHIB. While the SHIB community’s efforts to reduce token supply remain active, the impact on price appears mixed. The massive whale sales and broader market trends, including Bitcoin’s decline, have added to the uncertainty surrounding SHIB’s future price movements. The SHIB community’s ability to maintain a steady burn rate and limit major sell-offs could play a critical role in shaping the token’s long-term value.
Massive Transfer of 400 Billion SHIB from Early Whale Shocks Major US Exchange
Recent reports from analytics platform @Spotonchain revealed that two huge Shiba Inu (SHIB) transactions were carried out earlier today. This comes as the price of SHIB, the second-largest meme cryptocurrency by market capitalization, has seen a 10% decline. The drop in SHIB’s price follows a recent bearish trend in Bitcoin caused by statements from the Federal Reserve and the resulting disappointment among cryptocurrency holders. 400 Billion SHIB Moved to Gemini by Early Whale On-chain data indicates that a significant SHIB holder, who has made a considerable profit on their SHIB investment, moved 399.99 billion SHIB to the US-based exchange Gemini. This large sum of SHIB would be worth just under $10 million if liquidated. The whale originally acquired the massive amount of SHIB on August 7, 2020, purchasing 15.2 trillion SHIB for only 10 ETH. Related Article: Shiba Inu Whale Sells 250 Billion SHIB Worth $6.05 Million Currently, this early investor holds 2 trillion SHIB, valued at approximately $48.54 million. This results in a total profit of around $107.7 million, reflecting a 3.7x return on the original SHIB investment four years ago. Whales Liquidating SHIB as Price Declines Further analysis shows that SHIB whales have been moving large portions, if not all, of their SHIB holdings to exchanges as the price of SHIB has dipped. The coin’s price fell by about 10% in the last 24 hours, dropping from $0.00002618 to $0.00002345. However, a slight recovery has been observed, with SHIB gaining 2.64% in value. Over the last ten days, SHIB has experienced a loss of over 21%, plummeting from $0.00003076 to its current value of $0.00002409. Additional sources also point to the movement of SHIB to exchanges by whales, which has likely contributed to the recent price decrease. This decline in SHIB’s value reflects broader market trends, especially following Bitcoin’s decline of about 5%, briefly dipping below $100,000. The cryptocurrency market faced significant downturns after the Federal Reserve’s decision to lower interest rates by 25 basis points instead of the anticipated 100 basis points in 2025. Despite this, Bitcoin has partially recovered, now trading above $101,000 and nearing the $102,000 mark.
Shiba Inu Investors on Edge: Will Support at $0.000025 Hold?
The past week has been challenging for Shiba Inu (SHIB) holders as the meme-inspired cryptocurrency saw a sharp price decline. After an impressive 100% surge earlier in November, SHIB’s price dropped approximately 23% over the last nine days, hitting a critical support level at $0.000025 per token. Although the decline may seem alarming, it opens up potential opportunities for investors. The drop, which amounts to less than one-third of the previous rally, indicates a healthy market correction. More importantly, SHIB’s ability to maintain support at $0.000025 suggests it could be poised for a fresh upward move. Related article: SHIB Price Prediction: Analyst Forecasts 150% Rally to $0.000074 Key Support Level Holds Strong The support level at $0.000025 remains crucial for SHIB’s future price movement. Liquidity is heavily concentrated around this area, particularly following the December 10 price drop. Source: CoinMarketCap Traders and investors now view this point as a pivotal zone, with the 50-day simple moving average (SMA) lending further support at this price level. This alignment strengthens the case for a potential rebound. Bollinger Bands Signal Possible Price Movement Technical analysis reveals another key factor to watch—the Bollinger Bands indicator. According to this tool, SHIB’s price could slip to $0.00002456, where the lower band currently sits. While this would represent an additional 4.4% drop, it might not be all bad news. Related article: Shiba Inu Burn Rate Skyrockets by 319,571% – What’s Fueling the Surge? If SHIB finds a local bottom at this level, it would still form a higher low than the one recorded earlier in December. This higher low would keep the bullish bias intact, giving investors hope for an eventual recovery. While SHIB’s recent price action has caused concern among holders, there’s a silver lining. The current correction appears to be part of a healthy market cycle. If the price maintains support at $0.000025 or finds a bottom near $0.00002456, the stage could be set for a bullish resurgence. For now, investors are watching closely to see where SHIB’s next move will lead.
Analysts Identify Bullish Potential for Shiba Inu (SHIB) to Surge to $0.000070
Despite recent underwhelming price movements, analysts are highlighting Shiba Inu (SHIB) as having the potential for a significant price surge. Indicators are pointing toward the development of a bullish trend, suggesting positive momentum ahead. SHIB is currently priced at $0.00002574, reflecting a 5% decline over the past week and a modest 1.1% gain for the month. Market analyst Klejdi Cuni has drawn attention to a bullish pattern on SHIB’s TradingView chart. While SHIB has trailed other meme coins and altcoins during recent market rallies, Cuni believes the token could soon compensate for lost ground. Encouraging Trends in SHIB’s Daily Chart Cuni has observed promising signs on SHIB’s daily chart, noting that the price has been upward since a trend reversal in September. The chart shows higher highs, forming an oval pattern Cuni describes as indicative of bullish momentum. A strong support level at $0.00002424 has been identified, holding steady for over a month. Cuni suggests this stability indicates significant accumulation, which could set the stage for a breakout in the coming months. Key Price Targets Highlighted by Analysts If a breakout occurs, Cuni has outlined several key price levels for SHIB. The first target is $0.00003232, marking a 25.6% increase from the current price. The $0.00004 region, which was lost ten months ago, is considered another critical level, with a move to $0.00004167 representing a 61.6% rise. Related Article: XRP Price at a Crossroads: Can It Reclaim Bullish Momentum? The next target of $0.00005675 could yield a potential gain of 120.4%, a level last seen in 2021. Looking further ahead, Cuni’s most optimistic scenario projects SHIB reaching $0.00007012 by mid-2025. Achieving this would represent a 172.5% increase and bring the token close to its all-time high. Other Analysts Weigh In on SHIB’s Prospects Other analysts have echoed bullish sentiments about SHIB’s future. Sherif, another market expert, has expressed confidence that SHIB will surpass its all-time high of $0.00008654 during this market cycle despite its recent stagnation. Similarly, analyst CryptoELITES has predicted that SHIB could rise to $0.0004729, effectively cancelling another zero. This prediction, which equates to an 18X return for current holders, is based on a bullish cup-and-handle pattern observed on SHIB’s weekly chart. However, caution has been advised by one analyst, who warned of a potential drop to $0.000011 if the anticipated breakout fails to materialize. While multiple bullish signals have been identified, analysts emphasize the need for careful observation as SHIB’s market conditions evolve.
Shiba Inu (SHIB) Ranks High on MetaMask Despite Slowing Rally
A high level of interest in Shiba Inu (SHIB) has been observed among market participants, as confirmed by its ranking on MetaMask, even though the token’s rally has entered a consolidation phase. SHIB’s MetaMask Popularity Remains Strong It has been reported by MetaMask that Shiba Inu was among the most swapped tokens on its platform last week. Despite a 15% price decline during the same period, SHIB ranked fifth in popularity among users of the Ethereum wallet. Other tokens that made it into the top five included Pepe Unchained (PEPU), Pepe (PEPE), Baby Doge (BabyDoge), and HEX (HEX), occupying first, second, third, and fourth places, respectively. This ranking has been interpreted as a sign of sustained trader interest in SHIB. Given MetaMask’s extensive user base, which exceeds 30 million active monthly users, the token’s appearance in the top rankings carries significant weight. Furthermore, SHIB has now appeared in the MetaMask rankings for three consecutive weeks, reinforcing its relevance among traders. Related Article: XRP Market Shaker: Massive Whale Movement Sparks Buzz SHIB’s Rally Stalls After Election Surge Shiba Inu’s rally, which began after the U.S. election, saw its price increase by over 98%, climbing from $0.00001687 to a high of $0.00003343. However, the upward momentum has slowed, with the token’s price consolidating around $0.00002689 at the time of writing. Last week, the price opened at $0.00003219 but declined by more than 15%, closing at $0.00002788. Despite the downturn, the sustained interest indicated by MetaMask data suggests that investors remain engaged with SHIB as a potential high-return opportunity. Potential for High Returns or Further Decline? SHIB’s recent activity has sparked speculation about its future trajectory. While the token’s 98% rally in November was impressive, it underperformed compared to Dogecoin (DOGE), which surged by 220% during the same period. This disparity has led some to believe that SHIB may hold untapped bullish potential. An analyst has suggested that SHIB is currently at a critical juncture, testing the resistance levels of a long-term downtrend. A decisive move above or below this resistance could determine whether the token experiences a 150% rally or further declines. Outlook for SHIB Amid Uncertainty While Shiba Inu’s immediate price action remains uncertain, its consistent ranking on MetaMask and active trading interest highlight its potential in the cryptocurrency market. The sustained enthusiasm among traders suggests that SHIB could either capitalize on its bullish potential or face further challenges, depending on market conditions and technical factors.
SHIB Price Prediction: Analyst Forecasts 150% Rally to $0.000074
An analyst has predicted a significant surge for Shiba Inu (SHIB), suggesting the token could rise by 150% to $0.000074. This forecast comes amid a 10% price decline for SHIB and ongoing market uncertainty. Shiba Inu Approaches a Critical Price Level Shiba Inu’s current price level has been described as critical by the market analyst “PouyanTradeFX.” According to the analysis shared on TradingView, SHIB is testing a long-standing trendline that has impacted its price movement since 2021. The analyst highlighted that SHIB initially entered this downtrend after reaching its all-time high of $0.00008616 in October 2021. The token revisited the trendline in March 2024 when it surged to a high of $0.00004567. A weekly candle chart was used to demonstrate that breaking above this trendline could result in a 150% rally. The price of SHIB could rise from its current level of $0.00002795 to approximately $0.000074 if the resistance is overcome. However, a failure to break the trendline could lead to a 62% decline, pushing the price to $0.000011. Bullish Projections from Other Analysts PouyanTradeFX is not the only analyst expressing optimism about SHIB’s potential. On December 11, another analyst, “Crypto ELITES,” shared a similar bullish outlook. Crypto ELITES suggested that SHIB could erase another zero from its price and surge nearly 1,700% to $0.00047905. This prediction was based on a cup-and-handle chart pattern observed on SHIB’s weekly chart. Related Article: Ripple Price Forecast: Expert Predicts XRP Crash to $1.50 and $0.50 A key factor supporting this forecast is the declining Bitcoin Dominance. This metric, which measures Bitcoin’s share of the cryptocurrency market, has dropped from 61.5% in November to 56.5% recently. The decline indicates a potential rotation of capital from Bitcoin to altcoins, including SHIB. SHIB’s Recent Performance and Future Outlook Despite the current 10% decline, SHIB has demonstrated strong performance over the past year, with a 200% price gain. Analysts believe that the token’s potential for further growth remains high, supported by market dynamics and technical patterns. While challenges remain, these bullish projections suggest that SHIB could be poised for a significant rally, potentially nearing its all-time high. Whether SHIB breaks the trendline or faces a pullback will determine its trajectory in the coming weeks.
SHIB Adoption Surges as Bitget Wallet Integrates Shibarium for 40M+ Users
The Shiba Inu Layer-2 blockchain, Shibarium, has been integrated into the Bitget Wallet, which serves over 40 million users worldwide. This development highlights a significant step for the SHIB ecosystem, offering users access to advanced blockchain features. Shibarium Added to Bitget Wallet Without Official Announcement Shibarium has been quietly integrated into the Bitget Wallet by the platform’s team. This addition was made without an official announcement from Bitget. Instead, the update was shared by the Shibarium Update channel on X, where a screenshot confirmed the new blockchain support. Although Shibarium has been integrated into the wallet, it has not yet been supported by the Bitget exchange itself. This distinction has been emphasized to ensure clarity for the Shiba Inu community. Shibarium Integration Benefits the SHIB Ecosystem The integration of Shibarium into the Bitget Wallet is expected to deliver significant benefits for the SHIB ecosystem. Users of Bitget Wallet now have the ability to store, transfer, swap, and stake Shiba Inu ecosystem assets seamlessly. As a non-custodial wallet launched in 2018, Bitget Wallet provides a secure platform for trading, earning, and staking crypto assets. Its 40 million users spread across 168 countries offer substantial potential for boosting Shibarium’s activity. This development coincides with recent milestones achieved by Shibarium, including surpassing 2 million wallet interactions and exceeding 600 million transactions. Current metrics show a total transaction count of 641.18 million and a daily transaction volume of 4.66 million. Related Article: Charles Hoskinson Addresses Network Security Misconceptions Shibarium Gains Limited Adoption on Top Platforms Despite its achievements, Shibarium remains supported by only a few leading wallets and exchanges. Currently, Gate.io and BluBit are among the prominent exchanges that have adopted Shibarium. Wallets like Frontier and GroveX have also integrated Shibarium, while MetaMask users can access it using the Chainlist feature. However, major platforms like Binance, Coinbase, and Ledger have yet to offer support for Shibarium. Community members of Shiba Inu continue to advocate for broader adoption, urging these leading platforms to embrace Shibarium. Their efforts to push for integration remain active on social media. Shibarium’s Integration Marks a New Chapter for SHIB The addition of Shibarium to the Bitget Wallet is a milestone for the SHIB ecosystem. With access to over 40 million users, the integration is poised to enhance Shibarium’s adoption and activity. As the SHIB community continues to call for broader support, further integration into major platforms may drive even greater success for the blockchain.
Shiba Inu (SHIB) Shows Signs of Recovery After Recent Price Dip
Shiba Inu (SHIB) is making a comeback after two days of significant price decline driven by whale activity. The meme coin’s value dropped to a low of $0.00002434 earlier this week, reflecting an 11.72% decline over the past seven days. However, SHIB’s price has since rebounded, climbing 0.99% in the last 24 hours to reach $0.0000272. Market Liquidity Fuels Recovery As an established meme coin, Shiba Inu benefits from ample market liquidity, which supports rising demand during price rebounds. Current market data shows SHIB’s trading volume at $2.28 billion. While this figure has declined on a daily basis, it underscores the active trading by SHIB whales and retail investors. This activity indicates growing interest in the token’s potential recovery. Related article: SHIB Burn Rate Skyrockets: Can It Boost the Price? Shiba Inu’s next goal is to reclaim the $0.00003 price mark, a key resistance level. If achieved, it could push SHIB’s weekly high beyond $0.000033. Technical indicators support this outlook. The Relative Strength Index (RSI) currently stands at 42.56, suggesting room for growth. Source: CoinMarketCap Meanwhile, the Moving Average Convergence Divergence (MACD) indicator on the SHIB/USDT 4-hour chart points to a possible bullish trend. The MACD line is close to crossing above the signal line, and if this crossover occurs, SHIB’s price could surge toward the $0.00004 level. Bearish Risks Remain Despite bullish signals, SHIB faces risks. If the bullish momentum falters, the token may retest the $0.0000244 support level. This bearish scenario could unfold if whale activity slows or if broader market conditions turn negative. Related article: SHIB Sell-Off: Nearly a Trillion Tokens Unleashed by Whales Shiba Inu’s recent performance has played out amid market uncertainty and profit-taking from over-leveraged positions. Critics within the broader cryptocurrency community have fueled Fear, Uncertainty, and Doubt (FUD). However, Shiba Inu’s development team has taken steps to restore confidence. By emphasizing product development and key milestones, they aim to reassure the community about SHIB’s long-term potential. Community optimism remains high, thanks to ongoing developments like the Shibarium transaction boom and the rising Shiba Inu burn rate. These factors signal progress in the project’s ecosystem, driving hope for a sustained price recovery. If these positive trends continue, SHIB could maintain upward momentum in the coming days.
SHIB Sell-Off: Nearly a Trillion Tokens Unleashed by Whales
The Shiba Inu (SHIB) market witnessed significant turmoil as nearly a trillion tokens were offloaded by major holders. This massive sell-off caused ripple effects across the market, intensifying fears among investors. SHIB Futures Hit by Massive Liquidations Yesterday’s market session recorded over $1.5 billion liquidated from long and short positions across cryptocurrencies. Within this, Shiba Inu (SHIB) accounted for $20 million in liquidations, primarily from open-ended futures contracts. Most liquidated positions were long, underscoring a bearish sentiment. The SHIB token’s price plunged nearly 25% during the trading session, reaching levels not observed since late November. This decline created panic among traders and prompted a closer examination of on-chain data. Net Outflows from Large SHIB Wallets Observed Data from IntoTheBlock highlighted intriguing trends regarding SHIB’s large holders. The Large Holders Netflow metric, which tracks wallets holding at least 0.1% of SHIB’s circulating supply, showed a net outflow of 940.01 billion SHIB. This significant reduction indicates that whales, or large SHIB investors, were actively selling off their holdings. The decline in net flow to large wallets had been ongoing since December 7, suggesting a pattern leading up to the sell-off. Market-Wide Decline Amplifies SHIB Losses The broader cryptocurrency market also suffered during the session, which played a critical role in SHIB’s downward trajectory. Although the price drop was not initiated by the whale sell-offs, their activity provided early indications of the market correction. The sharp sell-off aligns with increasing market uncertainty fueled by upcoming U.S. Consumer Price Index (CPI) data and the approach of the January 3 deadline for critical regulatory decisions. Monitoring Whale Behavior for Future Trends In the current uncertain environment, tracking the actions of large market players, like SHIB whales, can offer valuable insights. Their movements often serve as a precursor to broader market trends. As the crypto market braces for further shakeouts, staying informed about whale activity and on-chain metrics will remain crucial for SHIB investors. The significant sell-off has highlighted the vulnerability of the token’s price to actions taken by major holders, underscoring the need for vigilance. Read Also: LUNC Faces a Tug-of-War Between Bears and Bulls, Declines by 8.96% in 24 hours: When Will Bulls Stage a Comeback? Despite recent losses, Shiba Inu continues to hold a prominent position among meme-inspired cryptocurrencies. The next steps taken by SHIB whales and the overall market will shape its trajectory in the coming weeks.
