Concerns have arisen within the Shiba Inu community due to the current stagnation in the Shiba Inu coin’s price. The critical support level at $0.00002093 seems to be holding, but for how long? What cryptocurrency should one invest in now, Shiba Inu or another?
The Shiba Inu community is showing concern lately. After reaching above $0.30 in early December and then experiencing a rise, it has since encountered a consolidation phase. Since the beginning of this year, the Shiba Inu price hovers just above the critical support level at approximately $0.00002093.
Despite the technical foundation giving off negative signals, there’s even talk about a potential 21% drop.
Or more casually:
Even though the tech fundamentals seem negative, some are predicting a possible 21% fall.
Shiba Inu netwerk ervaart inflatie
A development within the Shiba Inu network has sparked discussions among analysts about a potential further consolidation of the Shiba Inu price.
The main sign that Shiba Inu currently paints a negative picture is the Network Value to Transactions (NVT) ratio. This ratio indicates whether there is overvaluation at this moment. Typically, when network value exceeds the number of transactions, it usually suggests inflation.
Due to the sharp increase in the NVT ratio within the Shiba Inu market, there could be a significant correction for the Shiba Inu price.
In addition to the Negative Veilchen Threshold (NVT) ratio showing a negative signal, both the Momentum Indicator and Exponential Moving Averages (EMAs) are also giving off a bearish indication. Currently, the Momentum Indicator for Shiba Inu currency is flashing a sell signal with a value of -0.00000287. Moreover, the recent consolidation of the Shiba Inu currency has affected the EMAs as well. Most of the EMAs are now valued higher than the SHIB currency, except for the 200-day EMA which is currently below the SHIB currency price at this moment.
De combinatie van deze factoren schetst een slecht beeld voor de nabije toekomst van Shiba Inu.
Shiba Inu koers kan 21% crash tegemoet gaan
Currently, the Shiba Inu course is above its significant support at approximately $0.00002093. However, if the course breaks through this level and falls, it could lead to a drop in price towards the $0.00001961 level. From there, further drops might occur, potentially reaching as low as $0.00001676. A fall to $0.00001676 would represent a drop of around 21%.
With this intention in mind, it’s intriguing for investors to shift their focus towards other alternative coins. Recently, several promising altcoins have emerged on the market that now seem good candidates for crypto investors. Here, we’ll delve deeper into a trio of these altcoins.
Wall Street Pepe (WEPE) – geeft kleine traders een kans binnen crypto markt
In the highly competitive cryptocurrency market, it’s tough for small traders to make substantial profits as it’s often the large crypto whales and institutions that sweep away the big money. However, a new crypto project named Wall Street Pepe has emerged on the market aiming to bring change to this situation. This project intends to equip small traders with the trading insights required to gain significant benefits.
Grinding. Stacking. Focused on the green.
— Wall Street Pepe (@WEPEToken) January 14, 2025
The project known as Wall Street Pepe blends the viral Pepe coin with the essence of “The Wolf of Wall Street.” This venture offers its users benefits such as trading signals and strategies, enabling them to navigate through the intricate world of the cryptocurrency market. The aim of Wall Street Pepe is to transform its Wepe Army into the next wave of affluent investors.
As an analyst, I’m excited about Wall Street Pepe, driven by its native WEPE token. Currently, this token is available for purchase during its presale phase, offering substantial discounts. However, with the price of this token increasing in every new presale phase, it’s crucial for users to jump on board quickly to capitalize on the current low prices.
Bezoek Wall Street Pepe Presale
MIND of Pepe (MIND) – nieuw AI crypto project maakt indruk
As AI plays an increasingly significant role in the crypto market, more and more crypto projects are trying to capitalize on this trend. However, with MIND of Pepe, there’s now a crypto project introduced that takes AI technology to a whole new level. MIND of Pepe utilizes this advanced AI technology specifically to address several key challenges within the crypto market.
As a researcher, I’ve developed my own AI agent, tailored specifically for the MIND of Pepe users. This agent provides real-time insights, aiding investors in making informed trading decisions. These insights help users navigate the vast market landscape more effectively. Moreover, they gain exclusive access to trends and early buying opportunities, enhancing their overall investment strategy.
If early investors are granted exclusive access to the AI features of Mind or Pepe, it means that this project has now started its presale. Users who purchase MIND tokens will receive exclusive benefits such as staking rewards, trend analysis, and unique opportunities. The presale for Mind or Pepe has already raised nearly $1 million in investments within 24 hours.
Bezoek MIND of Pepe Presale
Meme Index (MEMEX) – revolutioneert manier waarop men in meme coins investeert
As a crypto investor, I’m thrilled about this new platform, the Meme Index. It’s revolutionizing the way users invest in meme coins. This project offers a single token that grants access to a meme coin market worth an impressive $120 billion.
The Meme Index Telegram is LIVE!
This is where your $MEMEX journey begins.
Link:
— Meme Index (@memecoin_index) January 13, 2025
The Meme Index serves as a pioneering platform that strives to reduce the risks associated with the meme coin market. Users gain access to four distinct meme coin indexes: Titan Index, Moonshot Index, MidCap Index, and Frenzy Index. Each index is dynamic and is continually updated with the latest trends within the meme coin market.
Buyers of the native MEMEX token will not only receive access to staking rewards, governance participation, and much more, but they can currently purchase these tokens during the presale phase. During this presale, 15% of the total token supply is being sold. So far, over $2.4 million has been invested, with each MEMEX token costing approximately $0.0152243.
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2025-01-15 13:53