Shiba Inu Price Prediction as SHIB Pumps 7% in 24 Hours 2 Alternative Coins to Watch

Marie Tatibouet, chief marketing officer of crypto exchange, told The Sun that meme coins are acting the same way the Reddit mob has trolled hedge funds this year. Yes, it is a good time to buy SHIB based on the increase expected in cryptocurrency prices. Although Shiba Inu is significantly down, in a long-term investment, Shiba Inu’s price action is anticipated to be much stronger in the future. Since its debut on the crypto exchanges, Shiba Inu’s price had only increased with no sudden surges or downward spirals until it hit its all-time high value on Oct 28, 2021. The bulls had a strong hand until the profit booking sentiments hit the SHIB market. Like any other cryptocurrency, the Shiba token is vulnerable to market fluctuations too, and is highly volatile.

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As the dust settled over that speech, the key takeaway was not that dovish at all. Biden poured oil on the geopolitical fire by calling out China during his State Of The Union speech. Meanwhile, crude oil futures prices are ramping up again, which could mean a rise in inflation instead of the expected drop. Thus, per one SHIB price prediction, the SHIB crypto could surge as much as 284% in a year’s time.

Total cryptocurrency market capitalization

The news excites many $SHIB token hodlers because it’s the first time the meme coin has held at a price of 4 Zeros since early November of 2023. $SHIB Coin’s Price Maintains 4 Zeros as Burn Nears 100M Again The news excites many $SHIB token hodlers because it’s the first time the meme coin has held at a price of 4 Zeros since early November of 2023. The long-term price prediction clearly suggests that despite all the price fluctuations of SHIB tokens and high risk, the SHIB digital assets are expected to be profitable with a bullish trend. In terms of market position, the market capitalization of the Shiba Inu hit $6,164,621,388.

The Shiba Inu price today is 7.31% lesser compared to yesterday. Let’s explore the technical analysis before the Shiba Inu price prediction. Furthermore, the US central bank’s reduction of the interest rate by 25 basis points also had a major impact on supporting the cryptocurrency market sentiment.

Technical indicators also suggest that the LUNC price is subject to a change of trend. Key levels have been defined to determine a realistic outcome in the days to come. The total crypto market volume over the last 24 hours is $49.57 billion. According to Shiba Inu price predictions we’ve analyzed, it can be a good investment.

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Non-fungible tokens are cryptocurrencies that lack the fungibility property, which means they cannot be exchanged for other tokens. Avalanche, Dai, Uniswap, Wrapped Bitcoin, and Chainlink are among the most popular DeFi tokens. They are trading at $20.74 (up 3.49%), $1 (up 0%), $7 (up 3.62%), $23,255.13 (up 1.68%), and $7.21 (up 3.97%), respectively. A stablecoin is a cryptocurrency that has very little volatility. Its value is linked to a real-world asset such as fiat currency or gold.

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The Nonfarm Payrolls report, including the unemployment rate and average hourly earnings, is set to be announced on February 3 at 1330 GMT. Shiba Inu price experienced a bounce off the monthly R1 resistance level as traders were overfocused on the deflationary part of the speech from Fed Chair Jerome Powell. Markets used it to justify their push higher in EURUSD, equities, gold and bond prices. Unfortunately, many of those gains have been pared back on Wednesday. Shiba Inu price tanks near 2% at the US opening bell as futures in several asset classes are paring back their gains booked on the back of the Tuesday speech from US Federal Reserve Chair Jerome Powell.

For instance, the launch of ShibaSwap did increase the median holding period for SHIB, but not by much. Even with the option of staking the coins, the median holding time for SHIB is just 10 days, according to Coinbase. This pretty clearly shows that most folks are lusting after SHIB’s volatility and don’t particularly care about its long-term story or use case. The Shiba Inu price history had a perfect start — in a few weeks of its existence, its price rose by 27,000%. Percentage-wise, it was an outstanding performance for the Shiba coin, but it’s important to mention that the token price did not reach even one-tenth of a cent. In 2020, Buterin transferred more than 50 trillion Shiba Inu tokens to the India COVID-Crypto Relief fund.

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Make sure you dig up enough information about these coins because they are far less known than Shiba Inu. Keep in mind that information about the Shiba Inu coin is given for informational purposes only. Knowing an approximate SHIB price is helpful, but as with any coin, you need to make your own analysis of the price action. Before making any investment decisions, always do your own research beyond just looking at the Shiba Inu forecast. The SHIB coin skyrocketed in May in a very short period of time.

A key upgrade and token listing have sent SHIB tokens on another nice rally this past weekend. The author has not received compensation for writing this article, other than from FXStreet. Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years.

Ever since the Shiba Inu coin hit the cryptocurrency market, it has been compared to the DOGE coin. In reality, however, they have nothing in common besides both being meme coins and an occasional endorsement from Elon Musk. The project does parody Dogecoin with its use of Shiba Inu puppy, but SHIB’s developers are aiming to solve serious, real-life problems. How did these practically unimaginable gains become a reality? There are no derivative options for Shiba Inu, and not all crypto exchanges allow short-selling because of its inherent risks. Most experts agree that the Shiba Inu token has a future, as it has active support from the community.

  • Real-time analyst ratings, insider transactions, earnings data, and more.
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  • To put this mammoth increase into perspective, imagine you had the wherewithal, stomach, and luck to invest $100 into SHIB on Aug. 1, 2020, at the above-stated price and held for the past 15 months.
  • While gains of 14,000,000% aren’t too common in the crypto space, we have seen a number of popular payment coins log five- and six-digit price increases in a short amount of time.

For Shiba Inu, this year’s surge of more than 70% at the time of writing is impressive. Expert price predictions vary significantly, though this token’s uptrend is being noticed. Trading with the trend is important in trading because it can help increase the likelihood of success. When a market is trending, it tends to continue moving in that direction for a period of time, making it easier to profit from price movements. ApeCoin, Decentraland, The Sandbox, Flow, and Theta Network are among the prominent NFT tokens. They are currently trading at $6.01 (up 6.07%), $0.77 (up 11.06%), $0.88 (up 26.03%), $1.27 (up 16.86%), and $1.19 (up 8.92%), respectively.

If You Invested $100 in Shiba Inu 15 Months Ago, Here’s How Much You’d Have Now

His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. Let’s see where the experts think this token could be headed from here. needs to review the security of your connection before proceeding. Please enable JavaScript or switch to a supported browser to continue using The top five gainers on the basis of the 24-hourly movement are The Graph, The Sandbox, ImmutableX, Chiliz, and Flow. They are trading at $0.22 (up 46.91%), $0.88 (up 25.47%), $1.12 (up 20.81%), $0.11 (up 19.14%), and $1.28 (up 17.41%), respectively.

Shiba Inu price today

If the Shiba Inu price continues to rise at its current rate, it will be an incredibly worthwhile investment. Also, Elon Musk’s mentions of the meme coin on Twitter helps SHIB stay on the radar. The incredible cryptocurrency rebound we’re seeing in 2023 is driving renewed investor interest in this asset class. Whether we’re talking about the most stable cryptos such as Bitcoin(BTC-USD), or the most speculative cryptos such asShiba Inu(SHIB-USD), there’s plenty of interest to go around right now. That said, among the most-watched tokens are those in the meme camp, with particular interest around Shiba Inu price predictions and predictions around its meme token peers continuing to surge. The July launch of decentralized exchange ShibaSwap has also played a role in SHIB’s moonshot to the heavens.

Dogecoin price is experiencing some resistance near the $0.09 barrier. Despite this fact, the notorious meme coin still shows promise as support has progressively arrived at higher price levels throughout the winter. Last month, the global crypto market cap was $824.45 billion, compared to $1.02 trillion three months ago.

We round upfive things you need to knowabout the Shiba Inu tokens. The first thing to keep in mind is that cryptocurrencies in general are subject to risks. However, since then, Shiba has been trading well below those levels. The top 2000 ETH whales accumulated more than $620 million worth of Shiba Inu. Shiba Inu’s trading volume has also exploded by 94% over the past 24 hours.

That is why you’ll receive the most recent updates on Shiba Inu’s value and can seamlessly exchange the Shiba token for over 200 cryptocurrencies available on instant crypto exchange Changelly. Another great addition is that you can also trade SHIB for BTC on our full-featured cryptocurrency exchange, Changelly PRO. Yes, SHIB tokens are a good investment for the long term, as they have surprised investors with massive returns. The favorable inclination of Elon Musk for the SHIB token as a meme coin, calling it the ‘Dogecoin Killer,’ has also arisen the interest of many investors. Our investment advice is that traders must research before investing.

The biggest losers of the day are PAX Gold, Gemini Dollar, USD Coin, Binance USD, and Tether. They are trading at $1,859.47 (down 0.58%), $0.99 (down 0.31%), $0.99 (down 0.01%), $1 (down 0.01%), and $1 (down 0%), respectively. Cardano and Dogecoin are trading at $0.33 (up 3.55%) and $0.099 (up 2.06%), respectively. BNB is trading at $331.99, up by 1.55% from yesterday and a 6.71% rise from last week. The Motley Fool owns shares of and recommends Bitcoin, Ripple, and Tesla. You’d think the ninth-largest cryptocurrency would have a decent amount of retailer adoption, but only around 100 mostly obscure online merchants accept SHIB as a form of payment.

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