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The recent mixed signals from memecoin Shiba Inu aren’t very promising for crypto enthusiasts to risk their precious assets. The technical indicators for the memecoin indicate a bearish sentiment developing in the network. IntelMarkets (INTL) is making noise with its rapid growth and widespread adoption among memecoin lovers and institutional investors.
Shiba Inu (SHIB) Performance For January 21
Shiba Inu has been stirring up a mix of both excitement and caution in the market recently. As of today, it’s sitting around $0.0000201, which is down by about 5.00% from where it closed yesterday. Over the course of the day, it’s been bouncing between a high of $0.00002205 and a low of $0.00001976.
If we zoom out a bit, the past week shows SHIB down by roughly 1.62%, but looking at the bigger picture over the month, it’s actually up by about 1.16%. And here’s what’s important: if you take a step back and consider its yearly performance, SHIB has surged by 113.13%. That’s a massive gain for anyone who’s been holding onto it for the long game.
SHIB Price Analysis & Technical Indicators
When it comes to the technical side, things are pretty balanced for Shiba Inu. While its technical indicators are flashing neutral right now, neither the bulls nor the bears are firmly in control. TradingView’s analysis, which combines various indicators like moving averages and oscillators, follows that sentiment. It’s not screaming ‘buy’ or ‘sell’ but more of a ‘wait and see’ vibe.
In terms of numbers, SHIB’s market cap is at a solid $12.14 billion right now, with a daily trading volume of around $1.01 billion. That’s not a small number for what started as just a memecoin. Up ahead, there are some pretty bullish voices out there. For instance, analysts at Changelly are speculating a potential jump to $0.000036 by the end of January 2025.
That’s a nearly 70% climb from where it is now, which could be exciting if the broader market conditions align in SHIB’s favor. All in all, Shiba Inu seems to be in a holding pattern at the moment, but its long-term performance and strong community backing keep it firmly on the radar. As always, it’s wise to stay informed and approach any investment with a clear strategy.
Memecoin SHIB Awaits New Highs On the Horizon
Analysts have provided various SHIB price predictions. According to experts, SHIB is projected to experience major volatility in 2025, with prices ranging from a low of $0.0000177 to a high of $0.0000743. Experts forecast that SHIB could reach $0.003 by the first quarter of 2040, indicating a long-term bullish trend.
Investor sentiment, influenced by broader cryptocurrency trends and macroeconomic factors, plays a main role in SHIB’s price movements. The expansion of the Shiba Inu network, including the development of ShibaSwap and other DeFi applications, enhances SHIB’s utility and adoption among memecoin investors.
Memecoin Investors Ditch Shiba Inu For this $0.08 Altcoin
As the mixed signals from Shiba Inu price hit the news, memecoin investors began hunting for more compelling projects with massive returns to secure their investments. Leading various networks with its mind-blowing dual-chain functionality, IntelMarkets is turning heads with its cutting-edge AI-powered platform with built-in trading robots offering superfast execution speeds.
IntelMarkets is an artificial intelligence-based crypto trading platform that equips traders with advanced trading tools to make the best of the crypto market. With a track record of multiple 5x-15x over the bear market, IntelMarkets helps traders 25x their income through the platform. Pair up your Binance, Coinbase, or TrustWallet with IntelMarkets and experience AI trading.
Shiba Inu Faces Hurdles As AI Boom Ranks IntelMarkets On Top
It’s not only the crypto ecosystem that’s excelling after AI integration; it’s the global change the world is witnessing after artificial intelligence has taken over computing systems. The upcoming developments in AI show the potential in IntelMarkets as users move into this AI network with large-volume digital assets to triple their current holdings amid the memecoin slump.
While the Shiba Inu price is testing its nearest support level, memecoin enthusiasts are seeking shelter in IntelMarkets’ red-hot presale, which has already raised over $7 million before time. Currently available to buy at $0.08 per token, INTL is positioned to surge to a higher price in the next stage.
Discover More About Intel Markets:
Presale: https://intelmarkets.io/
Buy Presale: https://buy.intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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