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The Shiba Inu (SHIB) cryptocurrency has been a focal point of interest and speculation within the cryptocurrency community. As we approach Dec. 1, 2023, market observers are closely monitoring price fluctuations and potential trends. According to the most recent update, the Shiba Inu price has slightly decreased by 4.34% over the last twenty-four hours, settling at $0.00000807 on November 27. Additionally, the token has experienced a 3.7% decline over the past seven days, as indicated by market charts.
Market Overview
Despite the recent dip in Shiba Inu’s value, the market exhibits significant activity. The twenty-four-hour trading volume has notably surged, registering a 22.64% increase and reaching $189 million. This upswing in trading volume suggests heightened market activity and a potential surge in interest in SHIB.
Cryptocurrency experts are preparing to share their projections for the SHIB price in December 2023. According to their analyses, the anticipated minimum trading cost for SHIB in December could be $0.00000712, indicating a potential lower limit for the cryptocurrency. Conversely, the projected maximum value might reach $0.00000923 during the same period. The average forecast hovers around $0.00000818, offering a middle-ground expectation for Shiba Inu’s value.
End-of-November Predictions
In the short term, Shiba Inu is anticipated to witness a 6% increase towards the conclusion of November. The meme coin is forecasted to end the month at $0.000008746. This modest upward trend suggests a potential recovery from the recent dip, aligning with the generally positive sentiment in the market.

December Commencement Predictions
Transitioning into December, predictions indicate that Shiba Inu may start the month at $0.000008305, reflecting a 1% increase from the November closing value. This forecast suggests a modest but positive start for December, establishing a baseline for potential price movements throughout the month.
In summary, Shiba Inu’s recent price movements, despite a short-term decrease, coincide with a significant surge in trading volume, indicating sustained market interest. As we approach Dec. 1, 2023, cryptocurrency experts project various possibilities, with a minimum expected value of $0.00000712, a maximum of $0.00000923, and an average of around $0.00000818. Additionally, short-term predictions point to a 6% rise by the end of November and a 1% increase at the beginning of December. It remains crucial for investors and enthusiasts to stay informed and monitor market developments as Shiba Inu continues to play a dynamic role in the cryptocurrency space.
#news #SHIB

Cardano (ADA) is facing challenges in maintaining the $0.38 price level following its attempt to break through the $0.40 resistance.ADA shows signs of a bullish pennant pattern, indicating potential for continuation of its recent uptrend.
Cardano’s Current Price Dynamics
Cardano (ADA), a prominent player in the cryptocurrency market, is currently grappling with maintaining its position around the $0.38 mark. This development follows a recent correction from a high of $0.40, which has been a point of contention for market participants.
A Rollercoaster Journey for ADA
The recent price trajectory of ADA has been a rollercoaster. After experiencing a decline through most of October, Cardano hit a low of $0.2400 on October 19. However, this was followed by a notable upswing, as ADA surged 70% to reach $0.4097 by November 16. This rally brought a ray of hope to the bulls in the market.
Despite this upward momentum, ADA’s breakthrough to the $0.40 level was met with strong resistance from bearish forces. This led to increased price volatility, with ADA frequently retesting the $0.40 threshold but failing to secure a stable position above it. Since November 18, ADA has been consolidating between $0.35 and $0.39, indicating a tug-of-war between the bulls and bears.
The Path Ahead for Cardano
In the current market climate, ADA is trading at $0.3799. It maintains a position above both the 50-day and 200-day Exponential Moving Averages (EMAs), indicative of a bullish momentum in both the short and long term. This positioning is a result of the 70% rally it experienced earlier.
Moreover, ADA appears to be forming a bullish pennant structure amid its consolidation phase. This pattern, typically occurring during a pause in an uptrend, suggests that the previous upward trend might resume once the consolidation period concludes.
Looking at potential support and resistance levels, ADA needs to defend against drops below the critical $0.3739 support level, which aligns with the Fibonacci 0.5 retracement. A fall below this level could lead ADA to the next support at Fibonacci 0.618, marked at $0.3653, with subsequent supports at $0.3530 and $0.3373.
Conversely, on the upside, ADA faces immediate resistance at Fibonacci 0.382, currently at $0.3826. Breaking above this level could propel ADA to confront the next resistance point at $0.3933, moving closer to the elusive $0.40 mark.
This analysis of Cardano’s price movement underscores the volatile and dynamic nature of cryptocurrency markets, where multiple technical indicators and market sentiments interplay to shape the asset’s trajectory.
DISCLAIMER: This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Cardano

Heightened demand for block space on the Ethereum network has made transactional activity significantly more expensive for ether [ETH] users in the past 24 hours, data from Dune Analytics show.

Fees, as measured by median gas prices, spiked to as high as 270 gwei late on Thursday, temporarily touching a level last seen in June 2022. That pushed up costs of trading swaps to anywhere from $60 to $100 for a few hours. Gwei is a small unit of ether (ETH) equal to one-billionth of an ETH and is used to denominate gas prices. Gas refers to the fees Ethereum users pay to ensure their transactions are included in the earliest block by network validators.

As of writing, gas fees, used to pay for any activity on Ethereum, were 33 gwei, the highest since May. Ether transfers between wallets cost an average of $30 as of Asian morning hours on Friday.

The surge in fees came as investors discovered financial behemoth BlackRock had filed for an exchange-traded fund (ETF) that holds ether (ETH), months after its bitcoin ETF filing. This likely buoyed investor sentiment – as prices jumped as much as 10% to cross the $2,000 mark.

Ethereum validators are incentivized to include transactions that pay the highest fees instead of a first-come-first-serve basis – meaning fees on popular tokens can often run to thousands of dollars.

Nansen data suggests that on-chain activity has remained tepid relative to a more bullish period in 2022 – indicating retail audiences have been largely absent from on-chain trading.

“There is no inclination of on-chain activity increasing alongside it in terms of DAUs and newly funded addresses entering the Ethereum ecosystem,” Nansen analyst Jake Kennis shared in a Thursday message.

“This suggests that on-chain activity may be lagging price action here or that we are not seeing the on-chain follow-through that is normally seen with this type of increased market activity as of yet," Kennis added.