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Shiba Inu is currently facing challenges due to its significant market cap of $8 billion and ongoing inflationary pressures from its tokenomics.
While the meme coin market has seen extreme fear recently, analysts speculate a potential resurgence in interest around October to December, which could lead to renewed excitement for coins like Shiba Inu. However, many investors are stuck with positions at higher prices, struggling with losses.
This article will explore the price prediction for Shiba Inu, discussing the potential for recovery or further decline, while also highlighting the Pepe Unchained presale, which is approaching its $15 million milestone.
$SHIB Crypto Price Prediction
As of this writing, Shiba Inu is trading at $0.0000145, with a 24-hour trading volume of $149.57 million and a market cap of $8.56 billion. Over the past week, Shiba Inu has seen a rally, experiencing a price increase of approximately 9%.
However, its upward momentum has stalled in recent days, even showing some declines on a daily basis. Bulls are targeting the resistance level around $0.0000152, indicating potential for further gains. If momentum persists, $SHIB could reach the next resistance at $0.0000184.
Conversely, if it does not manage to surpass this resistance, $SHIB could fall to its nearest support levels at $0.0000138 and $0.0000104. Shiba Inu’s 14-day relative strength index (RSI) is at 57.42, indicating that $SHIB is currently neutral.
For those considering an entry, Shiba Inu’s price is down 83% from its all-time high, presenting a potential buying opportunity. It’s suggested that instead of waiting for previous highs, investors should aim for more modest gains of 2x or 3x, as aiming for previous peaks may be unrealistic.
Overall, while the outlook for Shiba Inu may not be bullish at the moment, there’s a belief that another wave of market enthusiasm could occur, making it important for investors to take profits and manage risk effectively as conditions change.
For an in-depth analysis of Shiba Inu price predictions, check out the video above and subscribe to his YouTube channel. Additionally, join Jacob Crypto Bury’s Discord group, which boasts over 26,000 members, for trading tips and updates on upcoming crypto presales.
Why Pepe Unchained Outshines Shiba Inu – The First Meme Coin with Its Own Ethereum Layer-2 Blockchain
Crypto like Shiba Inu might be losing momentum, raising questions about the future of the crypto space. Meanwhile, an emerging cryptocurrency, Pepe Unchained, is drawing attention with its successful presale and significant growth potential. The project is gaining momentum, with its presale nearing $15 million.
Currently, the $PEPU price stands at $0.00984, but it is expected to rise as the campaign progresses. The next price increase will take place in under 32 hours. Potential investors can visit our guide on how to buy $PEPU token here.
Pepe Unchained is set to become the first meme coin with its own Ethereum Layer-2 (L2) blockchain, offering lower fees and faster transaction speeds than Ethereum. It’s called ‘Pepe Chain’ and addresses Ethereum’s scalability issues while bringing additional benefits.
It can process more transactions per second than Ethereum’s Layer-1, which is limited by its consensus mechanism and block size. The Pepe Chain mainnet will launch when $PEPU debuts on the open market, featuring a block explorer, an Ethereum bridge, and a staking mechanism.
To prepare for the L2 chain launch, Pepe Unchained has introduced ‘Pepe Frens With Benefits,’ an initiative that awards grants to developers building on the new chain. This self-sustaining model aims to drive ecosystem growth and adoption of the first meme coin-focused Ethereum L2.
We're making rapid progress on the $PEPU token raise and Layer 2 Mainnet launch!
The Pepe Unchained developers have built something special, and we can’t wait to roll it out to the public. pic.twitter.com/NMDQ1ZRnmN
— Pepe Unchained (@pepe_unchained) September 18, 2024
Developers selected for grants will receive financial support and comprehensive resources, with applications opening in Q4 2024. The project also offers a lucrative staking option, currently providing 141% annual percentage yield (APY).
Over 1.13 billion $PEPU is staked, accounting for 30% of the 8 billion circulating tokens, incentivizing community participation and securing the network. Pepe Unchained’s smart contract has undergone a complete audit by Coinsult and SolidProof, revealing no critical issues.
The project has gained a strong social media presence, amassing nearly 27K followers across X and Telegram. In the video above, Jacob features Pepe Unchained as one of his top five meme coins to buy now that could potentially turn $1,000 into $10,000.
With its successful presale and upcoming L2 blockchain, Pepe Unchained is positioning itself as a standout altcoin this season. To take part in the $PEPU token presale visit pepeunchained.com.
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