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3 Ethereum Coins That Could Sure 5X if ETH Hits $5,000
3 Ethereum Coins Poised to 5X If ETH Reaches $5,000
The current market recovery is fueled by the U.S. presidential election, Bitcoin surge to ATH, and traders’ anticipation of a Fed rate cut. These macroeconomic events create a suitable environment for the altcoin market to thrive. Here are the top three Ethereum coins that could leverage the broader market recovery to drive a 5x increase if ETH reaches the $5,000 milestone.
Shiba Inu (SHIB)
The popular memecoin Shiba Inu (SHIB) tops our list of top Ethereum coins due to its huge upside potential. By press time, the SHIB price traded at $0.0000178 with a market cap of $10.48 Billion.
A look at the daily chart shows the Shiba Inu price prediction has shifted its five-month correction sideways, signaling an early sign of trend reversal.
Despite the consolidation trend, the SHIB supply held by top addresses has surged steadily since April 2024 to reach 61.35%. Such accumulation typically suggests that these large investors anticipate future price growth or significant market movements, as they tend to build positions ahead of bullish trends.
Source: Santiment
Pepe Coin (PEPE)
Another top memecoin that holds a 5X growth potential is the Pepe coin. Over the past five months, the PEPE price has shown a sideways action between two converging trendlines, indicating the formation of a symmetrical triangle pattern.
Theoretically, the narrowing range should bolster the asset price to recuperate the bullish momentum and signal uptrend continuation with a key breakout.
However, the Pepe coin has been witnessing an active accumulation trend from large investors before the consolidation trend. According to Santiment data, the whale wallets with 100 Million to 1 Billion coins have increased their holding from 11.82 Trillion to 13.7 Trillion according to Santiment.
Similar to SHIB, this implies that significant investors are showing growing confidence in the potential of the Pepe coin.
Source: Santiment
Uniswap (UNI)
As the DeFi sector expands, platforms like Uniswap are essential for providing liquidity and enabling seamless token swaps. Currently, the UNI price trades at $7.12 with a market cap of $4.29 Billion.
With an intraday gain of 5.2%, the UNI price is inching close to $8.25 resistance, a level which has limited buyer’s recovery since early July. Despite the recent 30-day MVRV (Market Value to Realized Value) ratio wavers at -6.75%, indicating the short-holders are at a loss.
These traders often capitulate if the correction trend prolongs, allowing buyers a better value to enter the market. Thus, this transition often boosts asset prices, with long-term buyers setting a sustained uptrend.
Conclusion
Ethereum coins like SHIB, PEPE, and UNI are deeply embedded in the ETH ecosystem and poised to benefit from its growth, driven by increased adoption of DeFi, smart contracts, and dApps.
Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news for trading, staking, investing after our own research.
#ShibaInu: #suicoin #pepe⚡ #Uniswape #PepeCoinToTheMoon
The current market recovery is fueled by the U.S. presidential election, Bitcoin surge to ATH, and traders’ anticipation of a Fed rate cut. These macroeconomic events create a suitable environment for the altcoin market to thrive. Here are the top three Ethereum coins that could leverage the broader market recovery to drive a 5x increase if ETH reaches the $5,000 milestone.
Shiba Inu (SHIB)
The popular memecoin Shiba Inu (SHIB) tops our list of top Ethereum coins due to its huge upside potential. By press time, the SHIB price traded at $0.0000178 with a market cap of $10.48 Billion.
A look at the daily chart shows the Shiba Inu price prediction has shifted its five-month correction sideways, signaling an early sign of trend reversal.
Despite the consolidation trend, the SHIB supply held by top addresses has surged steadily since April 2024 to reach 61.35%. Such accumulation typically suggests that these large investors anticipate future price growth or significant market movements, as they tend to build positions ahead of bullish trends.
Source: Santiment
Pepe Coin (PEPE)
Another top memecoin that holds a 5X growth potential is the Pepe coin. Over the past five months, the PEPE price has shown a sideways action between two converging trendlines, indicating the formation of a symmetrical triangle pattern.
Theoretically, the narrowing range should bolster the asset price to recuperate the bullish momentum and signal uptrend continuation with a key breakout.
However, the Pepe coin has been witnessing an active accumulation trend from large investors before the consolidation trend. According to Santiment data, the whale wallets with 100 Million to 1 Billion coins have increased their holding from 11.82 Trillion to 13.7 Trillion according to Santiment.
Similar to SHIB, this implies that significant investors are showing growing confidence in the potential of the Pepe coin.
Source: Santiment
Uniswap (UNI)
As the DeFi sector expands, platforms like Uniswap are essential for providing liquidity and enabling seamless token swaps. Currently, the UNI price trades at $7.12 with a market cap of $4.29 Billion.
With an intraday gain of 5.2%, the UNI price is inching close to $8.25 resistance, a level which has limited buyer’s recovery since early July. Despite the recent 30-day MVRV (Market Value to Realized Value) ratio wavers at -6.75%, indicating the short-holders are at a loss.
These traders often capitulate if the correction trend prolongs, allowing buyers a better value to enter the market. Thus, this transition often boosts asset prices, with long-term buyers setting a sustained uptrend.
Conclusion
Ethereum coins like SHIB, PEPE, and UNI are deeply embedded in the ETH ecosystem and poised to benefit from its growth, driven by increased adoption of DeFi, smart contracts, and dApps.
Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news for trading, staking, investing after our own research.
#ShibaInu: #suicoin #pepe⚡ #Uniswape #PepeCoinToTheMoon
For the latest news on Shiba Inu, you might want to check out cryptocurrency news platforms or communities, as Shiba Inu (SHIB) is primarily known as a meme coin in the crypto space. Recent updates often include price fluctuations, developments in its ecosystem, partnerships, and community initiatives.
Additionally, if you're interested in Shiba Inu dogs, news often covers topics related to their care, training, and adoption events. Let me know if you’re looking for something specific!
Shiba Inus are known for their distinct features and characteristics:
1. Appearance: They have a compact, muscular build, with a fox-like face, upright ears, and a curled tail.
2. Coat: Their double coat is thick and plush, typically coming in red, sesame (red with black-tipped hairs), black and tan, or cream.
3. Size: Adult Shiba Inus usually weigh between 17 to 23 pounds and stand about 13.5 to 16.5 inches tall.
4. Temperament: They are spirited, confident, and alert. While independent, they can be loyal and affectionate with their families.
5. Intelligence: Shiba Inus are intelligent and can be trained, but they may exhibit a stubborn streak.
6. Socialization: Early socialization is important to ensure they are well-adjusted around other pets and people.
7. Exercise Needs: They require regular exercise to stay healthy and happy, enjoying activities like walks and playtime.
#ShibaInu:
#shib
Additionally, if you're interested in Shiba Inu dogs, news often covers topics related to their care, training, and adoption events. Let me know if you’re looking for something specific!
Shiba Inus are known for their distinct features and characteristics:
1. Appearance: They have a compact, muscular build, with a fox-like face, upright ears, and a curled tail.
2. Coat: Their double coat is thick and plush, typically coming in red, sesame (red with black-tipped hairs), black and tan, or cream.
3. Size: Adult Shiba Inus usually weigh between 17 to 23 pounds and stand about 13.5 to 16.5 inches tall.
4. Temperament: They are spirited, confident, and alert. While independent, they can be loyal and affectionate with their families.
5. Intelligence: Shiba Inus are intelligent and can be trained, but they may exhibit a stubborn streak.
6. Socialization: Early socialization is important to ensure they are well-adjusted around other pets and people.
7. Exercise Needs: They require regular exercise to stay healthy and happy, enjoying activities like walks and playtime.
#ShibaInu:
#shib
Changelly Predicts Timelines for Shiba Inu to Hit $0.00009, $0.0004 and $0.002
Changelly analysts believe this new month of November would be bullish for , expecting the dog-themed asset to trade at an average price of $0.0000294 and to hit a maximum value of $0.0000402. However, they argue that December 2024 would see lower values.
Meanwhile, these analysts see Shiba Inu trading below $0.00009 for the next few years. They only expect a rise to this region, potentially $0.0000915, in October 2028. This marks a period of four years.
In addition, the analysts believe Shiba Inu investors would need to wait for an extra four years before they can witness a 2,193% increase from the current price. They see
reaching the $0.0004 zone in November 2032, eight years from now and four years from 2028.
Lastly, despite the audacious nature of the $0.002 target, the Changelly report suggests Shiba Inu is capable of claiming it. Analysts at the crypto exchange resource project a rally for SHIB to $0.002 in February 2040. This marks 16 years from now.
#NovemberMarketAnalysis
Meanwhile, these analysts see Shiba Inu trading below $0.00009 for the next few years. They only expect a rise to this region, potentially $0.0000915, in October 2028. This marks a period of four years.
In addition, the analysts believe Shiba Inu investors would need to wait for an extra four years before they can witness a 2,193% increase from the current price. They see
reaching the $0.0004 zone in November 2032, eight years from now and four years from 2028.
Lastly, despite the audacious nature of the $0.002 target, the Changelly report suggests Shiba Inu is capable of claiming it. Analysts at the crypto exchange resource project a rally for SHIB to $0.002 in February 2040. This marks 16 years from now.
#NovemberMarketAnalysis
Just In: Shiba Inu Becomes 12-Largest Cryptocurrency Surpassing AVAX
Trending memecoin, Shiba Inu has moved two steps up in the crypto market ranking, flipping Avalanche (AVAX), and Chainlink (LINK) to occupy the 12th position on the chart.
This development comes amid a global market uptrend that has positioned the majority of the cryptocurrencies in the green. According to on-chain data, SHIB reached a monthly high of $0.00001957 over the last day.
However, at the time of writing, the second-largest memecoin by market cap changed hands at $0.00001856 representing a 1.54% increase in the last 24 hours.
The post "Just In: Shiba Inu Becomes 12-Largest Cryptocurrency Surpassing AVAX" first appeared on 36crypto.com News.
#SHIB، #BinanceBlockchainWeek #BTCBreak71K #ShibaInu:
This development comes amid a global market uptrend that has positioned the majority of the cryptocurrencies in the green. According to on-chain data, SHIB reached a monthly high of $0.00001957 over the last day.
However, at the time of writing, the second-largest memecoin by market cap changed hands at $0.00001856 representing a 1.54% increase in the last 24 hours.
The post "Just In: Shiba Inu Becomes 12-Largest Cryptocurrency Surpassing AVAX" first appeared on 36crypto.com News.
#SHIB، #BinanceBlockchainWeek #BTCBreak71K #ShibaInu:
Will Shiba Inu coin reach $1?
Doubts exist regarding the potential for #ShibaInu: to reach $1, primarily due to its massive circulating supply. Nevertheless, enthusiasts believe that with strategic token burns, ongoing ecosystem development, and increased adoption, this possibility — though unlikely — could become more feasible over time.
For Shiba Inu to achieve a price of $1, more than 99% of its current supply would need to be removed. Given the existing supply of 589 trillion #tokens , reaching $1 would require a market capitalization of $589 trillion, a figure that is nearly impossible based on current market trends. While some investors are enthusiastic, there’s a concern among others that aiming for such high targets could create false hopes.
#BinanceBlockchainWeek
For Shiba Inu to achieve a price of $1, more than 99% of its current supply would need to be removed. Given the existing supply of 589 trillion #tokens , reaching $1 would require a market capitalization of $589 trillion, a figure that is nearly impossible based on current market trends. While some investors are enthusiastic, there’s a concern among others that aiming for such high targets could create false hopes.
#BinanceBlockchainWeek
🐶 Shiba Inu Burn Rate Sees 880% Jump— Can SHIB Price Reach $0.05?
According to a recent X post by Shibburn, over 320,186,507 #ShibaInu: tokens were sent to a dead wallet, in order words, “burnt”. Despite this number of tokens only representing a tiny fraction of Shiba Inu supply, this represents an 880% burn rate for the meme coin in the past week.
The increase in the Shiba Inu burn rate also represents a burning interest from its community to reduce its supply and potentially trigger a surge in the $SHIB
price. With a significant burn rate like this for Shiba Inu, speculations are flying that the #SHIB، price could see an increase to $0.05.
The current weekly price range for the SHIB price is $0.00001767 – $0.00001943, but if the Shiba Inu burn rate keeps increasing, the SHIB price could skyrocket to levels around $0.05. Such an increase in the SHIB price would signify an over 260,000% rise for Shiba Inu, which is not an uncommon growth for meme coins.
#BinanceBlockchainWeek
The increase in the Shiba Inu burn rate also represents a burning interest from its community to reduce its supply and potentially trigger a surge in the $SHIB
price. With a significant burn rate like this for Shiba Inu, speculations are flying that the #SHIB، price could see an increase to $0.05.
The current weekly price range for the SHIB price is $0.00001767 – $0.00001943, but if the Shiba Inu burn rate keeps increasing, the SHIB price could skyrocket to levels around $0.05. Such an increase in the SHIB price would signify an over 260,000% rise for Shiba Inu, which is not an uncommon growth for meme coins.
#BinanceBlockchainWeek
🐶 Hidden Bull Divergence Appears On Shiba Inu Chart, Here’s How High The Price Can Go
The #ShibaInu: price chart is displaying a new key technical pattern which suggests that a price rally might be imminent. According to crypto analyst, Javon Marks, this technical pattern called a “Hidden Bull Divergence” indicates a potential 330% climb to new price highs.
SHIB’s Positive Reaction To Hidden Bull Divergence
On Tuesday, October 22, Marks took to X (formerly Twitter) to discuss the appearance of a new technical pattern in the Shiba Inu price chart. According to the analyst, Shiba Inu has showcased a Hidden Bull Divergence, a key technical indicator that hints at future price increases for a cryptocurrency despite broader market conditions.
Following the trajectory of this crucial pattern, Marks denotes that $SHIB
may be on the verge of a major price rally. The analyst has maintained a price target around the $0.000081 threshold for Shiba Inu, highlighting that the popular meme coin could see its price jump as high as 330% or 4X soon.
Despite major fluctuations in Shiba Inu’s price lately, Marks has remained firm in his bullish outlook for the #memecoin🚀🚀🚀 . He has revealed that the market was currently at the early stages of this projected price increase, meaning that #SHIB، could see its value climb to $0.00008 in 2025.
This timeline is verified through Mark’s chart which clearly shows the Hidden Bull Divergence in the Shiba Inu price movements. The analyst has also pinpointed an even higher target at around $0.0001553 for SHIB, suggesting that a continuous price rally could see the meme coin giving up a zero and skyrocketing to new all-time highs.
As of writing, the price of Shiba Inu is trading at $.00001775, experiencing a 1% decline in the last 24 hours and another 2.07% decrease over the past week. Despite this obvious down pressure in the Shiba Inu price, Marks remains optimistic that if Shiba Inu can give a positive response to the new Hidden Bull Divergence, then the market should be prepared for a price increase.
#BinanceBlockchainWeek
SHIB’s Positive Reaction To Hidden Bull Divergence
On Tuesday, October 22, Marks took to X (formerly Twitter) to discuss the appearance of a new technical pattern in the Shiba Inu price chart. According to the analyst, Shiba Inu has showcased a Hidden Bull Divergence, a key technical indicator that hints at future price increases for a cryptocurrency despite broader market conditions.
Following the trajectory of this crucial pattern, Marks denotes that $SHIB
may be on the verge of a major price rally. The analyst has maintained a price target around the $0.000081 threshold for Shiba Inu, highlighting that the popular meme coin could see its price jump as high as 330% or 4X soon.
Despite major fluctuations in Shiba Inu’s price lately, Marks has remained firm in his bullish outlook for the #memecoin🚀🚀🚀 . He has revealed that the market was currently at the early stages of this projected price increase, meaning that #SHIB، could see its value climb to $0.00008 in 2025.
This timeline is verified through Mark’s chart which clearly shows the Hidden Bull Divergence in the Shiba Inu price movements. The analyst has also pinpointed an even higher target at around $0.0001553 for SHIB, suggesting that a continuous price rally could see the meme coin giving up a zero and skyrocketing to new all-time highs.
As of writing, the price of Shiba Inu is trading at $.00001775, experiencing a 1% decline in the last 24 hours and another 2.07% decrease over the past week. Despite this obvious down pressure in the Shiba Inu price, Marks remains optimistic that if Shiba Inu can give a positive response to the new Hidden Bull Divergence, then the market should be prepared for a price increase.
#BinanceBlockchainWeek
🐶 Shiba Inu Price Rebound Signals Confirmed
Amidst the strong market volatility, #ShibaInu: continues to attempt to break key resistance to reach new highs. A crypto analyst identified as ‘Flatleak’ on X has revealed that $SHIB
shows signs of an upcoming rebound from recent lows.
While its price currently sits at $0.000017, the analyst has revealed that Shiba Inu has been showing signs of a rebound for the past few weeks, highlighting several key indicators that confirm this narrative. Flatleak has revealed that the #SHIB، TD sequential has flashed a buy signal, suggesting that downward pressures may be losing momentum.
Moreover, increased interest in retail investors combined with its supportive community continues to support its price. Based on these positive developments, the analyst has revealed that Shiba Inu’s next bull target would be $0.000022.
#BinanceBlockchainWeek
shows signs of an upcoming rebound from recent lows.
While its price currently sits at $0.000017, the analyst has revealed that Shiba Inu has been showing signs of a rebound for the past few weeks, highlighting several key indicators that confirm this narrative. Flatleak has revealed that the #SHIB، TD sequential has flashed a buy signal, suggesting that downward pressures may be losing momentum.
Moreover, increased interest in retail investors combined with its supportive community continues to support its price. Based on these positive developments, the analyst has revealed that Shiba Inu’s next bull target would be $0.000022.
#BinanceBlockchainWeek
🐶 Shiba Inu Burn Rate Records 880% Spike In One Day, Will This Acceleration Trigger SHIB Price To $
In the past seven days, the #ShibaInu: burn rate recorded an 880% spike, burning up to 32 million Shiba Inu tokens. With this move signaling a major driving factor for the $SHIB
price, some speculate that the #memecoin🚀🚀🚀 could potentially reach new highs at $0.05. As crypto investors ponder this possibility for the #SHIB، price amidst its increase in burn rate, this ETF trading platform, ETFSwap (ETFS), is attracting huge investors’ interest in presale with over $5 million already accumulated.
#BinanceBlockchainWeek
price, some speculate that the #memecoin🚀🚀🚀 could potentially reach new highs at $0.05. As crypto investors ponder this possibility for the #SHIB، price amidst its increase in burn rate, this ETF trading platform, ETFSwap (ETFS), is attracting huge investors’ interest in presale with over $5 million already accumulated.
#BinanceBlockchainWeek
🐶 Shiba Inu (SHIB) on Verge of Golden Cross: Possible Scenarios
The price of the popular meme-inspired cryptocurrency that is the second largest in its sector, Shiba Inu ($SHIB
), is approaching the first golden cross on its price chart since December 2023.
As can be seen on the daily chart of #SHIB، two moving averages, the 50- and 200-day moving averages, have begun to converge.
In particular, after SHIB's recent breakout from a six-month decline, the price rose 57% over the next eight days and then fell over 27% over the next six days, bottoming out at $0.00001548 on Oct. 3. The price then rose 19.78% over the next 17 days and the moving averages that characterized the entire move rounded each other.
The last time this happened was at the beginning of last year, when the price of the #ShibaInu: token rose almost 48% in the following two weeks. And before the curves crossed again to form the so-called death cross July 17 this year, the price of SHIB rose by 148%, with the meme-inspired token even peaking at 475%.
It is important to note that a repetition of a similar result, should the golden cross occur again for SHIB, is not a fact. However, judging by the history of golden crosses for the popular cryptocurrency, the token has statistically shown growth after them, albeit not uniformly. For example, after the February 2023 gold cross, the price of SHIB rose 25% one day, only to fall 28% a few weeks later before the curves inverted again.
#TetherUnderInvestigation
), is approaching the first golden cross on its price chart since December 2023.
As can be seen on the daily chart of #SHIB، two moving averages, the 50- and 200-day moving averages, have begun to converge.
In particular, after SHIB's recent breakout from a six-month decline, the price rose 57% over the next eight days and then fell over 27% over the next six days, bottoming out at $0.00001548 on Oct. 3. The price then rose 19.78% over the next 17 days and the moving averages that characterized the entire move rounded each other.
The last time this happened was at the beginning of last year, when the price of the #ShibaInu: token rose almost 48% in the following two weeks. And before the curves crossed again to form the so-called death cross July 17 this year, the price of SHIB rose by 148%, with the meme-inspired token even peaking at 475%.
It is important to note that a repetition of a similar result, should the golden cross occur again for SHIB, is not a fact. However, judging by the history of golden crosses for the popular cryptocurrency, the token has statistically shown growth after them, albeit not uniformly. For example, after the February 2023 gold cross, the price of SHIB rose 25% one day, only to fall 28% a few weeks later before the curves inverted again.
#TetherUnderInvestigation
Here’s Shiba Inu Price if It Sees Only 10% of Bitcoin Market
#ShibaInu: which currently sees less than 1% of the Bitcoin valuation, could reach a new all-time high if it grows to capture only 10% of this market.
The crypto market has grown considerably since the launch of Bitcoin ($BTC
), the pioneering crypto asset, in 2009. Over the past decade and a half, #Bitcoin❗ has grown to become a trillion-dollar asset, cementing its position among the largest financial assets in the world.
SHIB’s Position in Relation to Bitcoin
Altcoins like Shiba Inu, despite having ambitious visions, can only dream to capture a share of Bitcoin’s market cap. While Cardano founder Charles Hoskinson has repeatedly argued that $ADA
could surpass Bitcoin in valuation, these commentaries have often faced skepticism.
Notably, Shiba Inu, being the 13th-largest cryptocurrency by market cap, currently boasts only 0.8% of Bitcoin’s total market valuation. For context, $SHIB
has a market cap of $10.9 billion at the reporting time, as opposed to Bitcoin’s valuation of $1.335 trillion.
Interestingly, the closest Shiba Inu has been to gaining on Bitcoin’s market cap was when it recorded its historic 2021 rally during the bull run at the time. Within this period, SHIB’s market cap spiked to $41.35 billion, representing 3.4% of Bitcoin’s $1.13 trillion valuation at that time.
Following a series of downtrends and recoveries, Bitcoin’s market cap has now surpassed its 2021 levels, now at $1.335 trillion. In contrast, Shiba Inu has failed to recapture the previous peaks of $41.35 billion. This is largely due to the fact that the altcoin season for this bull cycle has not yet materialized.
#TetherUnderInvestigation
The crypto market has grown considerably since the launch of Bitcoin ($BTC
), the pioneering crypto asset, in 2009. Over the past decade and a half, #Bitcoin❗ has grown to become a trillion-dollar asset, cementing its position among the largest financial assets in the world.
SHIB’s Position in Relation to Bitcoin
Altcoins like Shiba Inu, despite having ambitious visions, can only dream to capture a share of Bitcoin’s market cap. While Cardano founder Charles Hoskinson has repeatedly argued that $ADA
could surpass Bitcoin in valuation, these commentaries have often faced skepticism.
Notably, Shiba Inu, being the 13th-largest cryptocurrency by market cap, currently boasts only 0.8% of Bitcoin’s total market valuation. For context, $SHIB
has a market cap of $10.9 billion at the reporting time, as opposed to Bitcoin’s valuation of $1.335 trillion.
Interestingly, the closest Shiba Inu has been to gaining on Bitcoin’s market cap was when it recorded its historic 2021 rally during the bull run at the time. Within this period, SHIB’s market cap spiked to $41.35 billion, representing 3.4% of Bitcoin’s $1.13 trillion valuation at that time.
Following a series of downtrends and recoveries, Bitcoin’s market cap has now surpassed its 2021 levels, now at $1.335 trillion. In contrast, Shiba Inu has failed to recapture the previous peaks of $41.35 billion. This is largely due to the fact that the altcoin season for this bull cycle has not yet materialized.
#TetherUnderInvestigation
🐶 Shiba Inu Price if It Captures 10% of BTC Market
Several analysts expect most altcoins to capitalize on the upcoming season to outperform #Bitcoin❗ $BTC
while securing massive gains. If Shiba Inu leverages this run to capture just 10% of Bitcoin’s market cap, its price could reach a new all-time high.
For context, 10% of Bitcoin’s current market cap sits at $133.5 billion. For #ShibaInu: to reach this level, its market cap would need to grow by about $125 billion. However, should this occur, this would bring SHIB’s price to $0.0002266 per token, considering the circulating supply of 589 trillion tokens.
With Shiba Inu currently trading for $0.00001850, a spike to $0.0002266 would demand a growth rate of 1,124%. Notably, multiple analysts believe this is a feasible projection for the dog-themed token. Market watcher Valeriya predicted in June that $SHIB
could rally to $0.00022, a 10x surge at the time.
#TetherUnderInvestigation
while securing massive gains. If Shiba Inu leverages this run to capture just 10% of Bitcoin’s market cap, its price could reach a new all-time high.
For context, 10% of Bitcoin’s current market cap sits at $133.5 billion. For #ShibaInu: to reach this level, its market cap would need to grow by about $125 billion. However, should this occur, this would bring SHIB’s price to $0.0002266 per token, considering the circulating supply of 589 trillion tokens.
With Shiba Inu currently trading for $0.00001850, a spike to $0.0002266 would demand a growth rate of 1,124%. Notably, multiple analysts believe this is a feasible projection for the dog-themed token. Market watcher Valeriya predicted in June that $SHIB
could rally to $0.00022, a 10x surge at the time.
#TetherUnderInvestigation
🚨Shiba Inu (SHIB) Market Cap To Challenge Dogecoin🚨
Shiba Inu (SHIB) has quickly evolved from a meme coin to a serious contender in the crypto space, challenging the dominance of the Dogecoin while aiming to surpass its market cap. Several key factors are driving this potential rise for Shiba Inu (SHIB), including its strong community support, strategic tokenomics, and recent technological developments that position Shiba Inu (SHIB) as a formidable rival to the Dogecoin price.
Currently the Shiba Inu (SHIB) market cap sits at $10.9 billion while the Dogecoin market cap stands at $21.08 billion. These figures show that the Dogecoin market cap surpasses that of Shiba Inu (SHIB) by almost 2X, meaning Shiba Inu (SHIB) will have to double its market cap before it can beat Dogecoin.
Moreover, the price of Shiba Inu (SHIB) is presently trading at $0.000018 while the Dogecoin price is about $0.14, according to CoinMarketCap. The difference in both market cap and value is clear, as Shiba Inu (SHIB) will require substantial momentum and support to surpass the Dogecoin price and market cap.
Currently the Shiba Inu (SHIB) market cap sits at $10.9 billion while the Dogecoin market cap stands at $21.08 billion. These figures show that the Dogecoin market cap surpasses that of Shiba Inu (SHIB) by almost 2X, meaning Shiba Inu (SHIB) will have to double its market cap before it can beat Dogecoin.
Moreover, the price of Shiba Inu (SHIB) is presently trading at $0.000018 while the Dogecoin price is about $0.14, according to CoinMarketCap. The difference in both market cap and value is clear, as Shiba Inu (SHIB) will require substantial momentum and support to surpass the Dogecoin price and market cap.
Shiba Inu Price Forecast: Will Slowed Buying Lead to an 18% Drop?#DYOR!!
As of this writing, the price of Shiba Inu ($SHIB ) is experiencing bearish issues, which could lead to a further decrease in the memecoin.
Investors in #ShibaInu: See No Profit
Given that current investors are not behaving extremely bullishly, red candlesticks may be seen emerging on the daily chart representing the Shiba Inu's price. The accumulation of the #memecoin , which is controlled by whale holders, is slowing down.
In the past two months, the top whale addresses that remove exchange wallets have accumulated slightly more than 13 trillion #SHIB , or roughly $328 million. This suggests that there is no incentive for SHIB holders to acquire more tokens.
Retail investors are not particularly inclined toward optimism, which exacerbates the situation. It is evident that these investors wish to sell their holdings by allocating profitable active addresses.
It's alarming that just roughly 21% of investors that transact on the network right now are profitable. This is probably due to the fact that these SHIB holders are trying to sell given the falling pricing. They might sell their shares until more profitable market conditions materialize, as this would offset their losses.
SHIB Price Forecast: Holding Fast in the Lane
The price of Shiba Inu, which has been fluctuating for the past month and a half inside the declining channel, will not change. The meme coin hasn't been able to break through the top trend line lately, which is why.
In addition, the cryptocurrency asset will probably decline to test the lower trend line as support once more, depending on the actions of investors and the state of the market. The possible drawdown target is now $0.00002039.
SHIB might rise again, though, if it can avoid these circumstances by rebounding off the support at $0.00002268. The bearish argument would be refuted by breaking the upper trend line, which would drive the price of Shiba Inu down to $0.00002835.
As of this writing, the price of Shiba Inu ($SHIB ) is experiencing bearish issues, which could lead to a further decrease in the memecoin.
Investors in #ShibaInu: See No Profit
Given that current investors are not behaving extremely bullishly, red candlesticks may be seen emerging on the daily chart representing the Shiba Inu's price. The accumulation of the #memecoin , which is controlled by whale holders, is slowing down.
In the past two months, the top whale addresses that remove exchange wallets have accumulated slightly more than 13 trillion #SHIB , or roughly $328 million. This suggests that there is no incentive for SHIB holders to acquire more tokens.
Retail investors are not particularly inclined toward optimism, which exacerbates the situation. It is evident that these investors wish to sell their holdings by allocating profitable active addresses.
It's alarming that just roughly 21% of investors that transact on the network right now are profitable. This is probably due to the fact that these SHIB holders are trying to sell given the falling pricing. They might sell their shares until more profitable market conditions materialize, as this would offset their losses.
SHIB Price Forecast: Holding Fast in the Lane
The price of Shiba Inu, which has been fluctuating for the past month and a half inside the declining channel, will not change. The meme coin hasn't been able to break through the top trend line lately, which is why.
In addition, the cryptocurrency asset will probably decline to test the lower trend line as support once more, depending on the actions of investors and the state of the market. The possible drawdown target is now $0.00002039.
SHIB might rise again, though, if it can avoid these circumstances by rebounding off the support at $0.00002268. The bearish argument would be refuted by breaking the upper trend line, which would drive the price of Shiba Inu down to $0.00002835.
🔥🐕 #ShibaInu: Reducing Supply Over Time! Estimating How Long to Remove 99% 🔥🕰️
Attention all #SHIB holders! 🚨 If you've ever wondered how long it might take to decrease Shiba Inu's supply significantly, get ready for some interesting information! 🌟
With 1 billion tokens burned each day, we'd see a huge 365 billion tokens sent to a wallet where they can't be used every year. 📉💼 But here's the thing: even with this impressive burn rate, getting rid of 99% of SHIB's circulating supply during our lifetime is very difficult. 📅💥
Considering#SHIB 's large circulating supply of 549 trillion tokens, burning 1 billion daily won't be enough. It might take a shocking 547,500 days to burn through 99% of the total supply. 🤯🔥 To make it easier to understand, that's like burning 1 billion SHIB every day for an incredible 1,500 years! ⏳💨
So, if Shiba Inu continues like this, it could be 1,500 years before we see 99% of its circulating supply gone. 😲 But removing 99% would leave us with fewer tokens, around 5.4 trillion, which could lead to higher prices due to less supply. 📈🚀
Keep an eye out as the SHIB burn keeps happening, shaping the future of this popular meme coin! 🐕 #HotTrends $SHIB
Attention all #SHIB holders! 🚨 If you've ever wondered how long it might take to decrease Shiba Inu's supply significantly, get ready for some interesting information! 🌟
With 1 billion tokens burned each day, we'd see a huge 365 billion tokens sent to a wallet where they can't be used every year. 📉💼 But here's the thing: even with this impressive burn rate, getting rid of 99% of SHIB's circulating supply during our lifetime is very difficult. 📅💥
Considering#SHIB 's large circulating supply of 549 trillion tokens, burning 1 billion daily won't be enough. It might take a shocking 547,500 days to burn through 99% of the total supply. 🤯🔥 To make it easier to understand, that's like burning 1 billion SHIB every day for an incredible 1,500 years! ⏳💨
So, if Shiba Inu continues like this, it could be 1,500 years before we see 99% of its circulating supply gone. 😲 But removing 99% would leave us with fewer tokens, around 5.4 trillion, which could lead to higher prices due to less supply. 📈🚀
Keep an eye out as the SHIB burn keeps happening, shaping the future of this popular meme coin! 🐕 #HotTrends $SHIB
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Shiba Inu Marketing Expert Highlights SHIB and Shibarium Success Factors
The marketing specialist for the Shiba Inu team, Lucie, published exciting information about the development of the ecosystem and the prospects for the further growth of SHIB and Shibarium. In a detailed tweet, Lucie discussed the economic impact of cryptocurrencies, with a special emphasis on SHIB and its expanding ecosystem.
Shibarium's Expanding Role and Utilization
Lucie explained that the Shiba Inu ecosystem has been experiencing rapid growth, driven by a steady influx of collaborations and new partners. These partnerships will significantly promote the Shiba Inu network and its development in the coming days. She underlined that Shibarium's future effectiveness will heavily rely on when they are helpful and on the growth of adoptions with layer-2 solutions.
In any scenario involving new tokens to be created, swaps or services provided, or new NFT collections, higher use of Shibarium is beneficial. At the same time, Lucie pointed out that supporting projects connected with Shibarium is crucial, but it must not become an issue that would downplay support for the Shiba Inu coin.
Shibarium Achieves Key Milestones Amid Market Volatility
Recently, Shibarium passed another significant achievement, logging more than 6,000,000 blocks in the testnet even with the current dropping market prices. Furthermore, the platform saw a substantial increase in daily transaction counts, hitting 8,630 on August 1—up from 2,570 on July 30—following earlier records of 8,390 on July 17 and 9,370 on July 3, while the total transaction count reached 418,000,000.
Meanwhile, the number of SHIB tokens permanently removed from circulation in the last 24 hours stood at 6,983,597 when Shibburn calculated it. This active token burning can be regarded as the case of the community's activity and care about the ecosystem's state.
The recent developments of Shibarium correlate with Lucie's observations and show the constant advancement within the Shiba Inu ecosystem, which proves the functionality of the platform and the community's commitment to the SHIB token.
The post "Shiba Inu Marketing Expert Highlights SHIB and Shibarium Success Factors" first appeared on 36crypto.com News.
#US_Job_Market_Slowdown #ETH_ETFs_Approval_Predictions #ShibaInu: #shiba⚡
Shibarium's Expanding Role and Utilization
Lucie explained that the Shiba Inu ecosystem has been experiencing rapid growth, driven by a steady influx of collaborations and new partners. These partnerships will significantly promote the Shiba Inu network and its development in the coming days. She underlined that Shibarium's future effectiveness will heavily rely on when they are helpful and on the growth of adoptions with layer-2 solutions.
In any scenario involving new tokens to be created, swaps or services provided, or new NFT collections, higher use of Shibarium is beneficial. At the same time, Lucie pointed out that supporting projects connected with Shibarium is crucial, but it must not become an issue that would downplay support for the Shiba Inu coin.
Shibarium Achieves Key Milestones Amid Market Volatility
Recently, Shibarium passed another significant achievement, logging more than 6,000,000 blocks in the testnet even with the current dropping market prices. Furthermore, the platform saw a substantial increase in daily transaction counts, hitting 8,630 on August 1—up from 2,570 on July 30—following earlier records of 8,390 on July 17 and 9,370 on July 3, while the total transaction count reached 418,000,000.
Meanwhile, the number of SHIB tokens permanently removed from circulation in the last 24 hours stood at 6,983,597 when Shibburn calculated it. This active token burning can be regarded as the case of the community's activity and care about the ecosystem's state.
The recent developments of Shibarium correlate with Lucie's observations and show the constant advancement within the Shiba Inu ecosystem, which proves the functionality of the platform and the community's commitment to the SHIB token.
The post "Shiba Inu Marketing Expert Highlights SHIB and Shibarium Success Factors" first appeared on 36crypto.com News.
#US_Job_Market_Slowdown #ETH_ETFs_Approval_Predictions #ShibaInu: #shiba⚡
