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๐Ÿ’ฃ๐Ÿ’ฃ๐Ÿ’ฃ๐Ÿ’ฃShiba Inu's Potential Journey to $100 Billion Market Cap๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€# Shiba Inu (SHIB) enthusiasts are eyeing a monumental milestone: a $100 billion market capitalization, which could propel its price to the $0.000169 territory. Amidst a surging cryptocurrency market, SHIB's recent performance and future projections are generating significant buzz. Market Dynamics and Milestones: - SHIB contributed to the crypto market's recent surge, with its market cap peaking at $21.16 billion on March 5. - Despite a subsequent price retracement, SHIB's market cap currently stands at $13.85 billion, reflecting a price of $0.0000235. - To reclaim a top 10 spot, SHIB would need to rally to unprecedented heights, reaching $0.0001696 for a $100 billion market cap. Optimistic Projections: - Analysts anticipate a bullish trajectory for SHIB, with projections of a second leg up to $0.000125, representing a 409% increase. - Technical analysis suggests SHIB could rise to $0.0001 following its third Elliott Wave on a weekly timeframe, further boosting its market capitalization. Strategic Positioning and Ambitions: - Achieving a $100 billion market cap would solidify SHIB's position among the top cryptocurrencies, a status it briefly held in October 2021. - Despite ongoing speculation, SHIB's quest for a top 10 ranking remains contingent on market dynamics and investor sentiment. Disclaimer: This content serves as informational and does not constitute financial advice. Readers are advised to conduct thorough research before making investment decisions. Opinions expressed herein are personal and not representative of The Crypto Basic.

๐Ÿ’ฃ๐Ÿ’ฃ๐Ÿ’ฃ๐Ÿ’ฃShiba Inu's Potential Journey to $100 Billion Market Cap๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€#

Shiba Inu (SHIB) enthusiasts are eyeing a monumental milestone: a $100 billion market capitalization, which could propel its price to the $0.000169 territory. Amidst a surging cryptocurrency market, SHIB's recent performance and future projections are generating significant buzz.

Market Dynamics and Milestones:

- SHIB contributed to the crypto market's recent surge, with its market cap peaking at $21.16 billion on March 5.

- Despite a subsequent price retracement, SHIB's market cap currently stands at $13.85 billion, reflecting a price of $0.0000235.

- To reclaim a top 10 spot, SHIB would need to rally to unprecedented heights, reaching $0.0001696 for a $100 billion market cap.

Optimistic Projections:

- Analysts anticipate a bullish trajectory for SHIB, with projections of a second leg up to $0.000125, representing a 409% increase.

- Technical analysis suggests SHIB could rise to $0.0001 following its third Elliott Wave on a weekly timeframe, further boosting its market capitalization.

Strategic Positioning and Ambitions:

- Achieving a $100 billion market cap would solidify SHIB's position among the top cryptocurrencies, a status it briefly held in October 2021.

- Despite ongoing speculation, SHIB's quest for a top 10 ranking remains contingent on market dynamics and investor sentiment.

Disclaimer: This content serves as informational and does not constitute financial advice. Readers are advised to conduct thorough research before making investment decisions. Opinions expressed herein are personal and not representative of The Crypto Basic.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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๐Ÿ’ฅ๐Ÿ’ฅ๐Ÿ’ฅ #shibaInu ($SHIB ) Jumps 4.28% in Unusual Price Recovery Stunt Shiba Inu (SHIB) is currently spearheading the #memecoin๐Ÿš€๐Ÿš€๐Ÿš€ resurgence, having surged by 4.28% in the past 24 hours to $0.0000187, according to CoinMarketCap. This marks the coin's first significant price increase since June 7, indicating that its worst days may be behind it. Shiba Inu Metrics on the Rise - As Shiba Inu gains bullish momentum, various ecosystem metrics are also showing positive trends. The SHIB burn rate has seen a 44.67% increase, with a total of 17,259,834 SHIB sent to burn addresses. Additionally, whale transactions, tracked by IntoTheBlock, have jumped by 45.81% in 24 hours, reaching $139.36 million. This increase in whale accumulation is crucial for Shiba Inu's overall market health. Can SHIB Surpass the $0.00002 Resistance? - With these encouraging metrics, the Shiba Inu community is optimistic about the coin flipping the $0.00002 resistance level to establish it as a new support in the short term. The coin dipped below this level on June 17, part of a 24.7% decline over the past month. Overcoming this resistance could help SHIB recover more of its lost value in the near future. Leveraging Shiba Inu's Strengths - Shiba Inu has positioned itself as a bridge between meme coins and more traditional assets in terms of gains. While it can be highly volatile, it also shows resilience at times, a dual quality that could allow it to decouple from Bitcoin's influence in the long term, similar to XRP. The Shibarium utility boost and other native Shiba Inu metrics further drive demand for the token, enhancing its appeal. Overall, Shiba Inu's recent performance and metrics suggest a potentially positive outlook, with the possibility of reclaiming key resistance levels and driving future gains. Source - u.today #CryptoTrends2024 #BinanceSquareTalks #cryptocurrency
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๐Ÿ’ฅ๐Ÿ’ฅ๐Ÿ’ฅ Bitcoin โ€˜#Banana Zoneโ€™ is next if these 3 indicators play out Bitcoin is poised to enter the "Banana Zone," a phase characterized by potentially significant price increases, according to Julien Bittel from Global Macro Investor (GMI). This transition, coined by GMI founder Raoul Pal, signals a period of anticipated bullish momentum. However, analysts caution that several critical trends must reverse for a sustainable recovery: 1. Bitcoin Miner Selling: IT Tech from CryptoQuant highlights the need for decreased miner selling. Mining revenue has declined sharply since Bitcoin's peak at $73,679 in March, contributing to upward selling pressure. 2. Stablecoin Inflows: The absence of new #stablecoin issuances has reduced liquidity. Over two months, stablecoins held in exchange reserves dropped by nearly 10%, totaling $21.96 billion, impacting price stability. 3. Outflows from Spot #BitcoinETFs : Significant outflows from ETFs like Fidelity and Grayscale exacerbate selling pressure. Recent reports show substantial outflows, including $83.1 million from Fidelity and $62.3 million from Grayscale on June 18. Bitcoin's current trading price is $64,966, reflecting a 2.35% decline over the past month and a 12% drop from its March peak of $73,679. Altcoins like Solana ($SOL ), Dogecoin ($DOGE ), and Shiba Inu ($SHIB ) have faced steeper losses recently, declining 8.23%, 11.67%, and 16.31% respectively over the past week. While Bittel characterizes Bitcoin's recent price action as stagnant, suggesting a period of sideways movement, traders like Rekt Capital anticipate a potential price reversal with a break of the current downtrend line observed throughout June. Source - cointelegraph.com #CryptoTrends2024 #BinanceSquareTalks
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๐Ÿ‘‰๐Ÿ‘‰๐Ÿ‘‰ Trader #JasonPizzino Says Solana and One Additional Altcoin Will Be First To Break Out Into New Highs This Year A well-regarded analyst predicts that altcoins demonstrating relative strength during the recent crypto downturn will be the first to reach new highs this year. Jason Pizzino, addressing his 108,800 followers on X, states that he is monitoring altcoins displaying bullish higher low setups. โ€œStrong #Altcoins๐Ÿ‘€๐Ÿš€ continue to hold their higher lows. If they maintain these levels, they will be the first to break out into new, fresh highs and/or all-time highs in the second half of 2024.โ€ In a recent video update, Pizzino shared a list of altcoins that are performing better amid the market correction, highlighting two in particular. โ€œIโ€™ve got some stronger stuffโ€ฆ #Solanaโฉ is definitely one of thoseโ€ฆ Pendle is also holding above its 50% retracement level, showing a reasonable weekly close above $5.60.โ€ Pizzino suggests that the current decline in altcoin prices provides a prime opportunity for long-term investors to accumulate promising projects in anticipation of a rally later this year. He emphasizes that although deep drawdowns have occurred in the past, resilient altcoins typically experience substantial gains once market conditions improve. โ€œItโ€™s happened before. We got there in the end. Solana, I think, is a great one. If you donโ€™t believe, look back at some of these charts that dropped 80% over four to six monthsโ€ฆ and then see how they have surged since then. And that surge can last quite a while.โ€ Source - cointelegraph.com #CryptoNews๐Ÿ”’๐Ÿ“ฐ๐Ÿšซ #BinanceSquareTalks
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