Latest news with #Shibarium
Yahoo
24-05-2025
- Business
- Yahoo
Shiba Inu Is Down 84%. Should You Buy the Dip?
Shiba Inu has generated monster returns in the past thanks to its strong community of supporters. The fact that the crypto has a small number of active developers doesn't bode well for its ability to increase real-world utility. Shiba Inu tokens are being burned, but the current pace will barely put a dent in the massive supply base. 10 stocks we like better than Shiba Inu › Shiba Inu (CRYPTO: SHIB) could not have performed better for investors a few years ago. From the start of 2021 to its all-time high in late October that year, this digital asset absolutely skyrocketed. There are surely some very lucky speculators who amassed life-changing wealth. However, it's been a different story since then. While the overall crypto market has held up well, despite the volatility, Shiba Inu has a lot of work to do to catch up to its former glory. As of May 20, this meme token trades at $0.00001428, which is 84% below its peak from about three and a half years ago. Is it time to buy the dip with Shiba Inu? I think investors should look at both sides of the argument to gain a more thorough understanding. As of this writing, Shiba Inu carries a market cap of $8.4 billion. This makes it the 16th largest cryptocurrency on Earth. This is a higher value than companies like Etsy and Peloton. As a result, it's hard to argue that Shiba Inu doesn't possess a strong community of supporters. These supporters, known as the "Shib Army," help to drive interest in the token online. Speculators understand that the community can lead to various hype cycles. And if the timing is correct, there's a chance to achieve huge profits in a short period of time. Shiba Inu can be viewed as a "Dogecoin killer." That's because it's built to be compatible with the Ethereum network. This means that Shiba Inu has greater functionality than its dog-themed predecessor. Tokens can be used in decentralized exchanges, to trade non-fungible tokens, or within decentralized finance protocols. In theory, this raises utility. What's more, Shiba Inu's developers are trying to increase adoption with various features. Shibarium, a layer-2 scaling solution, was introduced to speed up transactions and lower costs. A dedicated metaverse was also launched in December last year that allows users to interact in a virtual world. This might draw some excitement toward Shiba Inu. According to venture firm Electric Capital, Shiba Inu isn't even on the list of top 100 cryptocurrencies when it comes to the number of developers actively working on it. This doesn't bode well for its future, especially if you believe, like I do, that a cryptocurrency's ultimate viability comes down to how much real-world utility it can introduce. This puts Shiba Inu at a major disadvantage. The tokenomics also leave much to be desired. There are currently 589 trillion Shiba Inu tokens in circulation. That intentionally high supply base is the opposite setup of the scarcity Bitcoin possesses, for instance. This makes it all the more difficult for Shiba Inu's price to steadily rise over time. There is a coin-burning mechanism in place to reduce supply. On May 19, though, only 49 million coins were burned. That's not going to put a meaningful dent in the supply anytime soon, as it would take more than 16,000 years to burn half the outstanding supply. The fact that anyone can create a new token out of thin air poses a key risk for Shiba Inu, which is competition. The cryptocurrency industry remains the newest asset class out there. Consequently, it's still characterized by unhealthy amounts of speculation among market participants. There's no shortage of tokens to bet on in the hopes of getting rich quick. This increases the chances that people will move away from Shiba Inu one day onto the newly released shiny token. For long-term investors who want to own high-quality assets, there's really no reason to own Shiba Inu. The bear case for the meme token is much more compelling than the bullish argument. Even though the cryptocurrency is trading well off its peak, investors should avoid Shiba Inu. Before you buy stock in Shiba Inu, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Shiba Inu wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $640,662!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $814,127!* Now, it's worth noting Stock Advisor's total average return is 963% — a market-crushing outperformance compared to 168% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Ethereum, Etsy, and Peloton Interactive. The Motley Fool has a disclosure policy. Shiba Inu Is Down 84%. Should You Buy the Dip? was originally published by The Motley Fool
Yahoo
21-05-2025
- Business
- Yahoo
Is Shiba Inu About to Take Off?
Shiba Inu has been soaring in value over the past month. As other cryptocurrencies rise to record levels, Shiba Inu's low value could make it a more attractive option for investors. 10 stocks we like better than Shiba Inu › The excitement in the crypto markets has been picking up steam in recent weeks. Investors have become more optimistic about the economy as a whole, which has fueled Bitcoin and other cryptocurrencies along the way. Shiba Inu (CRYPTO: SHIB) has risen by around 20% in just the past month alone. However, with the meme coin struggling for much of the year, could this be just the start of a much bigger rally -- one that may be overdue? Under President Trump, there's been much more hope around crypto-related reform and policies, which can help digital currencies soar in value. Bitcoin ended up hitting $100,000 about a month after his election win last year. Recently, it hit a new high yet again, proving that it may not have peaked just yet. But with Bitcoin's valuation at all-time highs, there could be some apprehension from crypto investors to continue buying into the rally, especially with no visible catalyst to suggest it should go higher in the near term. That's why a possible rotation may be overdue, and why Shiba Inu's coin may look more attractive to investors. At an $8.4 billion market cap, it's a fraction of the size of Bitcoin (worth around $2.1 trillion), and it's even well behind Dogecoin, which has a valuation of nearly $33 billion. Shiba has been a popular coin with retail investors, and with the Shibarium completing its billionth transaction last month, showing proof of its growing adoption in the crypto world, a rally could be overdue. Another reason investors might consider buying Shiba Inu is that its valuation is fairly low with respect to where it was late last year, not just compared to other coins. On Monday, the coin was trading at around $0.00001431. But back in December 2024, it was at more than twice that price, and on Dec. 4, 2024, it closed as high as $0.00003284. Now, there's no guarantee that Shiba's coin will return to that kind of valuation anytime soon. But it has normally been one of the more popular meme coins, and with it lagging far behind Dogecoin and now being just the 16th most valuable coin in the crypto world (Dogecoin is eighth), investors may see some attractive potential for the meme coin to make up for some lost ground. Without a catalyst, however, it's anyone's guess if or when a stronger surge in value may happen for Shiba Inu. But amid loosening crypto restrictions and the possibility of more coins launching their own spot exchange-traded funds this year, there may still be more bullishness and excitement to come into the crypto world as a whole. And if Shiba Inu and its beaten-down valuation attracts investors, it may have a lot to gain from any positive developments in the broader crypto market. There are a lot of potential upsides for Shiba Inu, but there's also plenty of risk that comes with holding it. The coin's movements can be sudden and erratic. While Shiba Inu has been rising in value over the past month, there has been plenty of volatility along the way. For most investors, crypto is too risky to invest in; Shiba Inu, being a meme coin, is an even riskier option to consider holding on to. If, however, you want to take a chance on Shiba Inu, my suggestion is to only allocate a small portion of your total portfolio to it -- an amount that if you lost it, you wouldn't lose sleep over it. Before you buy stock in Shiba Inu, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Shiba Inu wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $642,582!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,879!* Now, it's worth noting Stock Advisor's total average return is 975% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 David Jagielski has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. Is Shiba Inu About to Take Off? was originally published by The Motley Fool
Yahoo
21-05-2025
- Business
- Yahoo
SHIB Jumps Nearly 7% as Bulls Break Through Resistance on Heavy Buying
The Shiba Inu token has demonstrated remarkable resilience despite broader market volatility, successfully breaking through key resistance levels while maintaining position above all major moving averages, according to CoinDesk Research's technical analysis data model. Technical indicators suggest continued bullish sentiment, though short-term price action shows some consolidation after the recent gains. Market analysis reveals approximately 80% of SHIB holders are currently underwater at current prices, with only 16.59% in profit. However, this hasn't dampened community enthusiasm as development continues on Shibarium, the Layer 2 scaling solution designed to enhance SHIB's utility beyond its meme coin origins. Technical Analysis Highlights SHIB demonstrated remarkable resilience over the 24-hour period, climbing from a low of 0.00001399 to a high of 0.00001492, representing a 6.7% range. The price action formed a clear uptrend with higher lows establishing support at 0.00001428. Significant volume spikes above the 24-hour average at 13:00 and 02:00 confirmed strong buying interest. Notable resistance emerged at 0.00001467, though SHIB successfully broke through this level in the final hours. SHIB closed at 0.00001474 with momentum indicators suggesting continued bullish sentiment. The token maintains position above all key moving averages. In the last hour, SHIB experienced notable volatility with a clear downtrend, falling from 0.00001485 to 0.00001475, representing a 0.7% decline. The token reached its peak at 0.00001487 at 02:34 before encountering selling pressure. Selling pressure intensified around 02:45-02:47, pushing prices to a session low of 0.00001471. Volume analysis reveals significant distribution at higher levels, particularly during the 02:42 and 03:04 candles. • Above-average volume coincided with price rejections. • Despite a modest recovery attempt in the final minutes with higher lows forming around 0.00001474, SHIB remains below the key resistance established during the previous 24-hour rally. External References "Shiba Inu Price Prediction for May 19: Can SHIB Extend Its Bullish Reversal Above 0.000015?", Coin Edition, published May 18, 2025. "AI predicts Shiba Inu price for June 1, 2025", Finbold, published May 19, in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-05-2025
- Business
- Yahoo
Can Shiba Inu Reach $1 in 2030?
To say that Shiba Inu has been on a wildly volatile journey would probably be putting it lightly. The meme cryptocurrency, inspired by its predecessor Dogecoin, absolutely skyrocketed in late 2021 to hit its peak in October that year. But it's been a bumpy downward trend since. As of April 25, this token trades 84% below its record, although it has had short-lived price bursts. Maybe this cryptocurrency is drawing the attention of risk-tolerant speculators who believe a monster run is in the cards throughout the rest of the decade. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Can Shiba Inu rise 7,112,276% from its current price of $0.00001406 to reach $1 per token in 2030? Here's what investors need to know about this truly ambitious target. I believe the long-term viability of any cryptocurrency depends on its ability to introduce real-world utility to the mix. Otherwise, a project might become irrelevant. Shiba Inu is trying to add more functionality to its blockchain. There's a layer-2 scaling solution called Shibarium that's meant to speed up transactions and lower costs. Users can interact with a Shiba Inu metaverse. And there are related tokens, like BONE for governance and LEASH for loyalty benefits, that can cater to more people. It's easy to argue, like I have in the past, that Shiba Inu doesn't solve a legitimate problem and provides no real-world value. I stand behind this view, which I think many others would agree with. However, it's not necessarily fair to say that Shiba Inu is worthless. We're almost five years past its launch, and the cryptocurrency is currently worth $8.3 billion, making it the 16th most valuable blockchain network on Earth. Despite the extreme volatility, there is some nominal monetary value here. Consequently, I believe it's best to look at Shiba as a type of new-age digital collectible. And this plays to the idea that cryptocurrencies are about community as well. The so-called SHIB army, Shiba Inu's supporters, have contributed to something that's worth more than companies like Sweetgreen, Hims & Hers Health, and Etsy, which is crazy to think. Since its launch in August 2020, Shiba Inu's price has catapulted almost 14,000-fold higher, even though it's trading significantly off its peak from late 2021. In order for the token to get to $1 by 2030, it would need to climb at an annualized rate of 834%. I don't think this is even remotely possible. The current token supply is 589 trillion. Based on a $1 price tag, this implies the entire blockchain network will be worth $589 trillion in five years. That would be about 20 times larger than the U.S. economy. This is an outrageously big number. There is a coin-burning mechanism in place to reduce the supply. According to 15.2 million tokens were burned in the past 24 hours. At this rate, it would take a whopping 66,000 days (or 180 years) to burn just 1 trillion tokens. That's hardly making a dent. Shiba Inu has found interest among speculators looking to gamble on its price movements. In theory, this seems pretty simple. Buy low and sell high, as they say. And then just repeat that process on the road to riches. The issue, though, is that this will undoubtedly end up badly. Investing is done right when there's an intense focus on the long term. And for long-term investors who want to own the highest-quality assets, it's best to avoid Shiba Inu at all costs. This strategy will work wonders for your portfolio, as well as your peace of mind. Before you buy stock in Shiba Inu, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Shiba Inu wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $594,046!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $680,390!* Now, it's worth noting Stock Advisor's total average return is 872% — a market-crushing outperformance compared to 160% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 28, 2025 Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Etsy. The Motley Fool recommends Sweetgreen. The Motley Fool has a disclosure policy. Can Shiba Inu Reach $1 in 2030? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-04-2025
- Business
- Yahoo
Where Will Shiba Inu Be in 1 Year?
As Shiba Inu (CRYPTO: SHIB) approaches the fifth anniversary of its August 2020 launch, it stands as a surprising success story in the volatile cryptocurrency landscape. The project has grown into a multifaceted ecosystem, with a current market capitalization of around $7.2 billion, ranking Shiba Inu as the 16th-largest cryptocurrency. Yet its stellar rise in this evolving asset class hasn't been without challenges. Amid several rallies and crashes, the token price is nearly flat from its level three years ago, and down more than 60% from its 52-week high, underscoring its speculative nature. Does the recent weakness present a buying opportunity for investors, or does it signal further downside? Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Let's explore where Shiba Inu might be in one year. Inspired by the earlier success of Dogecoin (CRYPTO: DOGE), Shiba Inu was launched as a token on top of the Ethereum (CRYPTO: ETH) blockchain, adhering to protocols that ensure functionality and compatibility across platforms. Unlike many cryptocurrencies with similar origins, Shiba Inu distinguishes itself with unique features that set it apart from other meme coins. Shiba Inu debuted with a fixed supply of 1 quadrillion tokens, designed to promote scarcity while maintaining a low per-token price to enhance accessibility and usage flexibility. A pivotal moment in its history occurred in May 2021, when its anonymous creator, Ryoshi, gave 50% of the total supply -- 500 trillion SHIB tokens -- to Ethereum co-founder Vitalik Buterin to foster trust and scarcity. Buterin unexpectedly donated 50 trillion SHIB to the India Covid-Crypto Relief Fund and burned 410.24 trillion SHIB, effectively removing 41% of the original supply from circulation, significantly boosting Shiba Inu's visibility. It also fueled an active community known as the "SHIB Army," which actively promotes recurring burns through social media. This deflationary mechanism contrasts with other cryptocurrencies (including Dogecoin), which are facing increasing supplies that dilute the value of each unit over time. Shiba Inu further stands out through its robust developer participation, regularly integrating new utility capabilities. The Shibarium layer-2 blockchain, a secondary network built to enhance transaction scalability while supporting decentralized apps (dApps) such as Shiboshis non-fungible tokens (NFTs), Shiba Eternity gaming, ShibaSwap payments infrastructure, and the SHIB metaverse virtual world experience. The ecosystem's diversity is highlighted by sub-tokens like LEASH, a scarce store of value, and BONE, used for governance and Shibarium fees, alongside upcoming TREAT for rewards. Metrics such as Shibarium reaching 1 billion lifetime transactions and 198 million network addresses underscore Shiba Inu's continued relevancy. The Trump administration has adopted a strongly pro-crypto stance, forming a working group to draft clear industry regulations, a shift from recent years' regulatory uncertainty. The Securities and Exchange Commission (SEC) has echoed this change with a more lenient approach, classifying meme coins like Shiba Inu as digital collectibles, lending them newfound credibility as an alternative asset. While this doesn't suggest a significant price surge for Shiba Inu anytime soon, it offers confidence for investors that the ecosystem is here to stay. The token's value hinges on collective market belief, with indicators like blockchain activity, transaction volumes, network addresses, and the burn rate signaling its popularity. The good news is that several Shibarium updates slated for the next year could reignite interest in Shiba Inu, driving new capital inflows to bolster its price. The recently launched Karma System rewards community engagement -- such as burning SHIB, staking on ShibaSwap, or purchasing metaverse land -- with Karma Points, which grant voting power for proposing ecosystem updates, potentially boosting transaction volumes and network growth. Another key development is the anticipated SHI stablecoin, planned to be priced at ~$0.01 to stabilize DeFi transactions and payments. Progress on SHI could attract fresh interest and enhance Shiba Inu's utility, strengthening its value proposition. I'm a long-term Shiba Inu bull, viewing the Shibarium platform as its underlying advantage within the universe of cryptocurrencies, backed by a community and ecosystem built to last. That said, a sustained rebound in Shiba Inu's price may rest on the recovery in broader financial markets, currently facing risk aversion and poor sentiment toward technology amid economic uncertainties. Through these headwinds, Shiba Inu will likely remain volatile, but it remains well-positioned to emerge stronger. With cautious optimism, I predict that the token price will be higher by this time next year. Before you buy stock in Shiba Inu, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Shiba Inu wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $532,771!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $593,970!* Now, it's worth noting Stock Advisor's total average return is 781% — a market-crushing outperformance compared to 149% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 21, 2025 Dan Victor has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Ethereum. The Motley Fool has a disclosure policy. Where Will Shiba Inu Be in 1 Year? was originally published by The Motley Fool Sign in to access your portfolio
