$SHIB $CVX $IO
According to a press release published in the journal, Shiba Inu has entered into a strategic partnership with Chainlink. The alliance will see Shibarium, Shiba Inu’s layer 2 (L2) blockchain network, integrate Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its core cross-chain communication infrastructure, along with adopting the Cross-Chain Token (CCT) standard for its native assets SHIB, BONE, and LEASH.

Shiba Inu (SHIB) is expected to appreciate by 150% in 2024. However, between December 10 and 16, the memecoin's trading volume decreased by US$2.80 billion.

This move coincides with the 10% drop recorded last week. In this sense, will SHIB experience a prolonged decline?

Interest in Shiba Inu falls from last week’s highs

On December 10, Shiba Inu’s trading volume was $3.58 billion. Typically, an increase in volume indicates growing investor interest and increased market liquidity. In most cases, this is seen as a good sign. Therefore, it was not surprising that the increase in volume coincided with the memecoin’s price recovery to $0.000030.

A simple analysis of the Shiba Inu coin and the developments that may affect it
Simply put, the SHIB price is currently around 0.00002722, after dropping by 4% in the past 24 hours. The highest price it reached was 0.00002884 and the lowest point was 0.00002683. This means that the coin is in a state of clear volatility during this period.
whale movement analysis
There is news about a large whale moving $6.17 million in $PEPE and $2 million in SHIB on Binance. This move could be interpreted as a sell intent, which could have a negative impact on the market if investors get nervous and start selling.

Current Situation of

The cryptocurrency market is full of opportunities for investors who are aware of emerging trends. Among these opportunities, Shiba Inu (SHIB) stands out as a cryptocurrency with significant growth potential. In this article, we will explore SHIB’s current market behavior, its current price, future price potential according to experts, and the impact of the massive token burn. Our goal is to provide a compelling and informative overview for those considering investing in SHIB.

NORTH
SHIB is currently trading at $0.0000281, up slightly by 0.51% over the past 24 hours and a notable 12% increase over the past month. However, SHIB is struggling to break above the key resistance level at $0.00002888. However, over the past 24 hours, the SHIB burn rate has seen a significant increase, reflecting increased activity from the community.

Shiba Inu, one of the most popular meme coins, has recently burned 17 million tokens, according to data from Shibburn.com. Will it bump the SHIB price?
While the data from Shibburn represents a  further step in the token’s deflationary process, the total value of the burned tokens is only around $500. In comparison to Shiba Inu’s massive market capitalization of approximately $16.58 billion, the impact will be minimal. Token burning is a strategy for reducing a cryptocurrency’s overall supply, hence enhancing its scarcity and value. However, the small-scale burn indicates that its immediate impact on Shiba Inu’s price trajectory is limited. Nonetheless, their is more to the story
The Shiba Inu’s Community and Ecosystem Fuel Optimism
Shiba Inu has evolved as a speculative asset, attracting great interest due to its vast and active community. This participation has been critical to its survival in the volatile field of meme currency.

Shiba Inu (SHIB) price chart. Source: CMC
The coin has maintained relative stability, recently trading at just above $0.000028 and holding its position near the 21-day moving average (DMA). Positive sentiment remains high, bolstered by a bounce from the 50DMA earlier this week, suggesting that bullish momentum could persist.
Some of this optimism can be credited to broader developments in the United States, where the incoming Trump administration and Congress are likely to support cryptocurrency. This might bring regulatory certainty, benefiting the entire cryptocurrency industry, including meme coins like Shiba Inu.
Potential for Parabolic Growth?
Analysts and traders are speculating about Shiba Inu’s potential for a parabolic rally. A prominent crypto trader, Astekz, recently highlighted SHIB’s “parabolic potential” based on its chart movements.

Similarly, another analyst, CryptoBull, predicted a probable breakout from a long-term downturn that began in the 2021 highs. Shiba Inu’s healthy environment is essential to these optimistic predictions. The token is integrated with a variety of utilities, including decentralized finance (DeFi) applications and NFT platforms, which provide real-world value to the SHIB token.
How High Could Shiba Inu Soar?
Exponential growth for SHIB is possible if it breaks over its previous all-time high of $0.000090 and enters price discovery. According to Fibonacci retracement research, SHIB’s market capitalization might rise by ten times from its current price, surpassing $150 billion. Although these figures might appear lofty, supporters contend that they are doable in the event that Bitcoin hits $200,000, which would increase its market value to roughly $4 trillion. Given its dominance in the meme currency category, many people think it believable that Shiba Inu’s market capitalization would only be 4% of Bitcoin’s under such circumstances.

SHIB PRICE PREDICTION – 2025
Analyst Platform2025 Peak SHIB Price Prediction% Increase Over Current PriceBitget$0.0000366630.28%Binance$0.000030006.61%Changelly$0.00006684137.53%CoinCodex$0.00005999113.20%Benzinga$0.0000441056.72%Average Prediction$0.0000477269.67%
While the optimism sounds good, most platforms are predicting a much more conservative SHIB Price in 2025. Changelly is the most optimistic with a 137% SHIB price prediction increase in 2025, while Binance is predicting only a 6.61% increase over the current price.
$SHIB

#MarketMajorComeback #RLUSDApprovalBoostXRP #BTCReclaims101K

Shiba Inu ($SHIB) has captivated millions of investors worldwide, but is it realistic for the token to hit $0.01—or even the elusive $1? Let’s break it down to see what’s possible and what’s not.

1️⃣ Can $SHIB Hit $1? 🚀

Unfortunately, the idea of SHIB reaching $1 is highly unrealistic. Here’s why:

🌍 Unrealistic Market Cap:
With a circulating supply of 589 trillion tokens, achieving $1 per token would require a market cap of $589 trillion—far exceeding the size of the global economy.
🔥 Token Burns Wouldn’t Be Enough:
Even if 90% of SHIB’s supply were burned, leaving 58.9 trillion tokens, the required market cap would still be an unattainable $58.9 trillion.

2️⃣ Is $0.01 Achievable? 💡

Reaching $0.01 is more feasible but still presents significant challenges:

📊 Market Cap at $0.01:
SHIB would require a $5.89 trillion market cap to hit $0.01, assuming no further token burns. This is within the realm of possibility during a peak bull market, though still extremely ambitious.
🔥 The Role of Token Burns:
Consistent and substantial burns through initiatives like Shibarium and community efforts could lower the market cap requirement, making $0.01 more achievable.

What Could Drive $SHIB’s Price Growth? 🛠️

🔥 Token Burns:
Large-scale burns are critical to reducing supply and boosting scarcity.
⚙️ Real-World Utility:
Expanding SHIB’s ecosystem through projects like Shibarium, decentralized finance (DeFi) applications, NFTs, and the metaverse is key to sustaining long-term value.
💬 Community Support:
SHIB thrives on its passionate community. Maintaining enthusiasm and engagement will remain essential for growth.
📈 Favorable Market Trends:
A strong crypto bull run could push SHIB closer to $0.01, but $1 remains unattainable without significant global economic changes.

🎯 Final Thoughts
$1:
Out of reach unless the global financial landscape undergoes a revolutionary transformation.
$0.01:
Achievable over the long term with consistent token burns, increased adoption, and favorable market conditions, but it will require significant progress.

What’s your opinion? Can $SHIB hit these ambitious targets, or are they just dreams? Share your thoughts below and join the debate! 🐕🔥

#CryptoMarket #SHIBArmy #ShibaInuNews #CryptoInvesting $SHIB

Over the past 24 hours, dog-themed cryptocurrency Shiba Inu (SHIB) has seen a significant drop in its large transaction volume, a metric denoting whale activity, sparking questions about what might be driving this slowdown.

According to recent IntoTheBlock data, the volume of Shiba Inu large transactions, defined as those over $100,000, has dropped by 76.21% in the last 24 hours, amounting to just 1.9 trillion SHIB, or approximately $54.1 million in value.

Over the same 24-hour period, Shiba Inu’s price has dropped by 2.05%, now trading at $0.00002744. Additionally, its trading volume has dropped by 9.05%, amounting to $854 million per CoinMarketCap data. The drop in large transaction volume and trading activity might reflect the cautious sentiment in the market aligning with profit-taking.

The crypto market rebounded in Wednesday's trading session, and SHIB wasn't left out. Shiba Inu declined for two consecutive days at the start of the week, hitting a low of $0.0000242 on Tuesday before recovering.

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SHIB’s price and volume drop might suggest the token is entering a consolidation phase following its recent price increase, which saw it reach highs of $0.0000334 on Dec. 8. A drop in large transactions amid the cool-off might occur as traders and investors hold off on significant moves.

Recent price movements may have prompted short-term traders to lock in profits, leading to a temporary lull in large transaction volumes.

SHIB price action

Shiba Inu's price rebound paused at the $0.000030 level on Dec. 12, signaling that bears are selling on rallies.

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The RSI has returned to the midway, indicating a balance of supply and demand. Shiba Inu may remain rangebound between the 50-day SMA of $0.0000244 and the overhead resistance of $0.00003344.

Buyers will have an advantage if they push the price above $0.00003344. Shiba Inu might rise to $0.000039 and then to $0.000046. The advantage will shift in favor of the bears if the SHIB price falls below the 50-day SMA.

It is expected that confidence might improve if the United States Federal Reserve decreases interest rates at its Dec. 18 meeting. On the other hand, if prices maintain their declines, support is envisaged near the daily SMA 50 at $0.0000244.