Prix de Shiba Inu on BaseSHIB

SHIB's recent price movement has been quite interesting, especially given its usual correlation with Bitcoin. Despite Bitcoin reaching a new all-time high of $107,780 on Monday, SHIB's price hasn't quite followed suit. Instead, it's been moving sideways with a slight downward trend after a 22% recovery last week ¹. Historically, SHIB has reacted to Bitcoin's price movements, but this time, the correlation seems to be missing. SHIB's price has been struggling to surpass the $0.00002822 resistance level after dropping from $0.00002978. Looking ahead, some predictions suggest that SHIB could reach $0.0000320 in the future ². However, it's essential to keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. As with any investment, it's crucial to do your own research and consider multiple perspectives before making a decision.

On Monday, the world’s leading cryptocurrency, Bitcoin, succeeded in reaching a new all-time high of $107,780. While SHIB has reacted to the price dumps and surges of BTC before, this time, the correlation between them seems to be lost so far. After printing a more than 22% recovery last week, the SHIB price has been moving sideways in a slightly descending trajectory. After dropping from the $0.00002978 level behind, SHIB has been striving to surpass the $0.00002822 resistance but has failed so far. $SHIB

Despite ongoing price consolidation in Shiba Inu (SHIB), the popular second-largest crypto meme coin by market cap has gained significant attention from crypto giants, as reported by the on-chain analytics firm IntoTheBlock. Today, December 18, 2024, IntoTheBlock revealed that the large transaction volume of SHIB has skyrocketed by 238.58% in the past 24 hours. Shiba Inu (SHIB) Bearish Outlook This notable volume appeared as SHIB began experiencing selling pressure and the formation of a bearish price action pattern near a resistance level. However, the meme coin’s bearish outlook emerged during a period when major cryptocurrencies like Bitcoin (BTC) and XRP witnessed notable upside rallies. SHIB Technical Analysis and Upcoming Level According to technical analysis, SHIB has formed a bearish inverted cup and handle price action pattern on the daily time frame and is currently on the verge of a breakdown. However, this is a resistance level where the meme coin has formed this price action pattern. Based on historical price momentum, if SHIB breaks down from the bearish pattern and closes a daily candle below the $0.0000258 level, there is a strong possibility it could drop by 20% to reach the $0.0000206 level in the coming days. However, it has been more than a month since SHIB has experienced any significant price gain or drop; it seems to be in continuous price consolidation. But the recent price action indicates potential downside momentum, selling pressure, and a price decline in the coming days. On the positive side, SHIB’s Relative Strength Index (RSI) currently stands at 55, indicating that it is still below the overbought area. This technical indicator suggests that the asset has enough room to soar in the coming days. Current Price Momentum Currently, SHIB is trading near $0.000026 and has experienced a price decline of 2.65% in the past 24 hours. During the same period, its trading volume dropped by 17%, indicating lower participation from traders and investors amid a bearish outlook. #Shib $SHIB

$GOAT’s standing in the market compared to established crypto assets depends on its unique value proposition, adoption rate, and ability to differentiate itself in a highly competitive space. While it may not yet rival major players like Bitcoin ($BTC), Ethereum ($ETH), in terms of market capitalization, liquidity, or widespread adoption, $GOAT could carve out a niche by leveraging specific strengths. Here's a comparison of $GOAT's position relative to established assets: 1. Innovation and Use Cases: Established assets like $BTC and $ETH dominate due to their proven utility—$BTC as a store of value and $ETH as the backbone of decentralized applications. $GOAT’s standing will depend on its ability to offer unique use cases, such as powering specific industries, enabling novel DeFi applications, or addressing gaps in scalability or interoperability. 2. Market Maturity: Established cryptocurrencies have years of development, adoption, and network effects backing their market dominance. $GOAT, as a newer entrant, likely lacks the same level of market trust and stability. However, its success will hinge on how quickly it can build a loyal user base and demonstrate reliability. 3. Community Engagement: Community-driven projects like Dogecoin ($DOGE ) and Shiba Inu ($SHIB ) have shown the power of strong social media presence and grassroots support. $GOAT’s ability to foster an active, enthusiastic community could enhance its visibility and market position, especially if it aligns with trending narratives or cultural phenomena. 4. Partnerships and Ecosystem Growth: Established assets have extensive ecosystems and integrations. For example, $ETH is integral to DeFi and NFTs, while $BNB supports the Bin@nce Smart Chain ecosystem. $GOAT must focus on forming strategic partnerships with platforms, wallets, and other projects to expand its utility and adoption. 5. Scalability and Performance: If $GOAT addresses critical issues like high transaction costs, slow processing times, or environmental concerns that plague some established assets, it could attract users seeking efficient alternatives. Competing on performance metrics can help it stand out. 6. Regulatory Positioning: Established assets like $BTC have weathered regulatory scrutiny and are often seen as more secure investments. $GOAT’s ability to comply with regulations while maintaining decentralization and innovation will impact its market credibility. 7. Speculation vs. Utility: Many new assets gain initial traction through speculative trading, but sustained success requires real-world utility. $GOAT’s market position will improve if it evolves from being a speculative asset to one with tangible applications, whether in finance, gaming, or other industries. 8. Volatility and Risk: Newer assets like $GOAT are typically more volatile than established ones, making them attractive to high-risk, high-reward investors but less appealing to institutions or conservative investors. Over time, building stability through liquidity and adoption can mitigate this gap. In conclusion, $GOAT’s standing in the market is likely in the early growth stage compared to established crypto assets. Its long-term position will depend on its ability to innovate, gain adoption, and build trust while navigating the challenges of a competitive and rapidly evolving market.

Despite ongoing price consolidation in Shiba Inu (SHIB), the popular second-largest crypto meme coin by market cap has gained significant attention from crypto giants, as reported by the on-chain analytics firm IntoTheBlock. Today, December 18, 2024, IntoTheBlock revealed that the large transaction volume of SHIB has skyrocketed by 238.58% in the past 24 hours. Shiba Inu (SHIB) Bearish Outlook This notable volume appeared as SHIB began experiencing selling pressure and the formation of a bearish price action pattern near a resistance level. However, the meme coin’s bearish outlook emerged during a period when major cryptocurrencies like Bitcoin (BTC) and XRP witnessed notable upside rallies. SHIB Technical Analysis and Upcoming Level According to technical analysis, SHIB has formed a bearish inverted cup and handle price action pattern on the daily time frame and is currently on the verge of a breakdown. However, this is a resistance level where the meme coin has formed this price action pattern. Based on historical price momentum, if SHIB breaks down from the bearish pattern and closes a daily candle below the $0.0000258 level, there is a strong possibility it could drop by 20% to reach the $0.0000206 level in the coming days. However, it has been more than a month since SHIB has experienced any significant price gain or drop; it seems to be in continuous price consolidation. But the recent price action indicates potential downside momentum, selling pressure, and a price decline in the coming days. On the positive side, SHIB’s Relative Strength Index (RSI) currently stands at 55, indicating that it is still below the overbought area. This technical indicator suggests that the asset has enough room to soar in the coming days. Current Price Momentum Currently, SHIB is trading near $0.000026 and has experienced a price decline of 2.65% in the past 24 hours. During the same period, its trading volume dropped by 17%, indicating lower participation from traders and investors amid a bearish outlook. #Shib $SHIB