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Here’s Why Shiba Inu Price is About to Start Parabolic Phase

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Shiba Inu (SHIB) price, a popular meme-based cryptocurrency, has surged by an impressive 27% over the past week. This rally reflects growing investor optimism, fueled by encouraging market trends and robust signals of further gains. Despite minor corrections impacting the broader crypto market, SHIB has emerged as a standout performer within the meme coin category. Analysts suggest this upward trajectory could begin a parabolic phase, increasing interest among traders and long-term holders.

Shiba Inu Price Approaching Parabolic Phase

The crypto expert has sparked excitement among Shiba Inu investors, pointing to patterns that could signal another parabolic price rise. According to a recent post, SHIB shows signs of repeating historical trends, potentially entering a lucrative “parabolic phase.”

Expert illustrated a recurring cycle involving an initial rally, a cooling-off period, and a rapid upward surge in the “parabolic phase.” If history repeats, SHIB could soon experience substantial gains like past bull runs.

Analyst urged followers to prepare for potential gains, drawing attention to signs of the first rally and the recent cool-off period. The message has sparked anticipation within the SHIB community, as many wonder if this parabolic phase will match or exceed previous price peaks.

Shiba Inu Price Cools Off After Recent Surge

After a strong market surge over the past month, the meme coin has experienced a slight dip. At the time of reporting, the price of SHIB trades at $0.00002416, marking a 5.10% decline in the last 24 hours. 

As of Friday, Bitcoin has dropped to $87,000, while Ethereum remains marginally above the $3,000 threshold. The broader crypto market exhibits bullish and bearish movements, creating a sideways trading pattern.

Will SHIB Price Rally To $0.00003 In November?

The Shiba Inu price prediction faces a critical crossroads as downward trends threaten support levels near $0.000024. A bearish continuation might push SHIB as low as $0.00001. Conversely, renewed bullish momentum could drive the price to $0.000025 or even surge to $0.00003 this November if buying pressure significantly increases

The technical indicators for SHIB on the 4-hour chart reveal a mixed outlook for the cryptocurrency. The Average Directional Index (ADX) currently stands at 20.51, indicating a weak trend, as values below 25 often signify lower directional strength. The Moving Average Convergence Divergence (MACD) indicator shows signs of potential bearish momentum. The MACD line is slightly below the signal line, with the histogram displaying red bars, suggesting that a bearish sentiment may be prevailing. 

Here's Why Shiba Inu Price is About to Start Parabolic PhaseHere's Why Shiba Inu Price is About to Start Parabolic Phase
Shiba Inu Price Chart: TradingView

Shiba Inu’s price shows potential for a parabolic phase. Key support levels are critical for sustaining bullish momentum. Current indicators signal caution. Renewed buying pressure could ignite a significant rally, making November a decisive month for SHIB’s trajectory.

Frequently Asked Questions (FAQs)

A rapid, exponential price increase after periods of accumulation and cooling.

If buying pressure increases, SHIB may test higher resistance levels.

Critical support is near $0.000024; falling below could trigger dips.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Hedera

Hedera’s HBAR momentum has just began, analyst says

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1 hour ago

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November 15, 2024

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Hedera Hashgraph was one of the best-performing cryptocurrencies on Friday, November 15, as a popular crypto analyst made his bullish case.

Hedera Hashgraph (HBAR) price rose to $0.0767, its highest level since July 17, and 66% above its lowest level this month. 

In an X post, a trader known as Maverick, who has over 145,000 followers, said that HBAR’s climb had just begun. He believes that it can surge to the year-to-date high of $0.1813, which is about 182% higher than the current level.

Maverick cites the rising Hedera Hashgraph’s volume and the recent application of a spot ETF by Canary Capital as a potential catalyst. There is a likelihood that Donald Trump’s Securities and Exchange Commission would easily approve such an ETF.

Another potential catalyst for Hedera Hashgraph is that its futures open interest has been in a strong uptrend. It jumped to $66.7 million, up from $26.6 million in September, a sign that it is seeing strong demand.

Still, Hedera Hashgraph has numerous challenges. For one, while it counts large companies like Ubisoft, Dell, Boeing, Google, and Deutsche Bank as members of its governance council, its ecosystem is fairly small. 

For example, it has a DeFi total value locked of just $44 million, making it much smaller than newer blockchains like Sui and Base Blockchain. DEX networks in its ecosystem handled tokens worth $35.4 million in the last seven days, making it the 32nd biggest chain in the industry.

HBAR price could hit $0.1 soon

SHIB price
HBAR price chart | Source: crypto.news

The daily chart shows that the Hedera Hashgraph price has bounced back in the past few days. This recovery happened after it formed a double-bottom pattern around the support at $0.045. In most periods, this is one of the most bullish patterns in the market.

Hedera has also soared above the key resistance level at $0.063, the neckline of this pattern. It has also jumped above the 50-day and 200-day moving averages. 

Therefore, the path of the least resistance for the coin is bullish, with the next psychological level to watch being at $0.10, which is about 45% above the current level. The stop-loss of this trade will be at $0.055.





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Ethereum coins

Top 5 Ethereum Tokens to Buy to Turn $1K to $1M in November

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19 hours ago

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November 14, 2024

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The cryptocurrency market is heating this November, spotlighting promising Ethereum tokens to buy for potentially monumental returns. Several tokens are drawing significant interest due to recent price surges, with investors eager to turn a modest $1k to $1M investment into substantial gains amid a strong market upswing.

Top 5 Ethereum Tokens to Buy This Month for Huge Returns

The crypto market shines optimistically as Bitcoin reaches an all-time high of $90K, while Ethereum surpasses $3,100. Investors are eyeing top Ethereum-based tokens, seeking substantial gains. Here are the top 5 tokens worth considering this month.

Pepe (PEPE)

Pepe (PEPE), a popular meme crypto on Ethereum, has captured attention with a massive 1882% surge over the past year. The latest PEPE price is at $0.00002255. It showed impressive gains this November, reaching an all-time high on November 14. This achievement places it among the top five Ethereum tokens to buy, poised to transform $1,000 into $1 million this month. 

Bullish momentum reminiscent of May’s highs has traders eager, especially with potential gains rotating from Dogecoin (DOGE). Anticipation of a Coinbase listing could propel PEPE further, with its market cap briefly touching $10 billion after a 75% single-day surge.

Aureal One

Aureal One has launched its much-anticipated cryptocurrency presale, drawing significant investor attention with its pioneering metaverse platform. Combining blockchain technology with immersive virtual experiences, Aureal One creates a seamless blend of gaming, the metaverse, and real-life applications within a single ecosystem.

 At the heart of its platform are two innovative projects, DarkLume and Clash of Tiles, which leverage the Aureal One Blockchain’s advanced features to offer dynamic, interactive experiences. This venture promises to foster growth, connectivity, and meaningful engagement in the metaverse, positioning Aureal One as an appealing choice for investors in the expanding realms of virtual reality and blockchain technology.

AurealOneAurealOne
AurealOne

Shiba Inu (SHIB)

Shiba Inu (SHIB), an Ethereum-based cryptocurrency, has made remarkable strides in decentralized finance. Over the past year, the SHIB price has risen by 204%, now trading at $0.00002512. This impressive growth stems from increasing trading volumes, strategic token burns, and the launch of Shibarium, a layer-2 blockchain solution. 

Recent data shows that in the last 24 hours, 7.46 million tokens were burned, reflecting a 42.16% drop. Weekly burns reached 626 million tokens, down by 89.14%. These developments highlight SHIB’s potential for substantial gains, positioning it as an appealing choice for investors seeking high returns.

Render (RNDR) 

Render (RNDR) is transforming digital content creation with its decentralized network, enabling GPU owners with unused capacity to support those needing rendering services. Powered by OctaneRender, the platform has experienced remarkable growth, with RNDR’s price surging by 210% this year, reaching $6.92. 

This significant rise places Render among the top Ethereum tokens to watch for potentially substantial returns. If the bullish trend continues, Render could soon surpass $7 and possibly reach $8 or even $10, promising strong momentum in the near term for investors.

Top 5 Ethereum Tokens to Buy to Turn $1K to $1M in NovemberTop 5 Ethereum Tokens to Buy to Turn $1K to $1M in November
Render Price Chart: TradingView

Arbitrum (ARB)

Arbitrum (ARB), a leading Layer 2 solution, enhances Ethereum’s performance by using optimistic rollups, boosting transaction speeds, and lowering costs. Leveraging Ethereum’s robust security framework, ARB offers efficiency gains, making it a promising Ethereum token to buy. 

The ARB price has recently climbed by 3%, reaching $0.5986, highlighting its growing appeal among Ethereum-linked investments. ARB has joined the Top 5 Ethereum Tokens to Buy, with $1,000 potentially turning into $1 million this November. The platform’s Total Value Locked (TVL) is also increasing, signaling a promising trajectory for Arbitrum in the digital currency space.

Top 5 Ethereum Tokens to Buy to Turn $1K to $1M in NovemberTop 5 Ethereum Tokens to Buy to Turn $1K to $1M in November
Source- DeFiLIama

Ethereum tokens to buy in November have captured investor interest due to strong bullish trends and high-return potential. This trend signals promising opportunities for those aiming to amplify their investments, making Ethereum tokens an appealing choice in the quest to turn $1K into $1M.

Frequently Asked Questions (FAQs)

Aureal One merges gaming, the metaverse, and real-life applications, offering innovative experiences through its platform.

SHIB has risen by 204% in the past year, with strategic token burns and Shibarium’s launch driving its popularity.

Render enables a decentralized GPU network for digital content creation, making it highly attractive for investors as its price has surged by 210%.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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BONK price

Crypto Rebound or New Bull Run? Analyzing 4 Altcoins Performance

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2 days ago

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November 13, 2024

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As the global cryptocurrency market cap eyes $3 trillion, the recent increase in Bitcoin price to an all-time high of $89,000 has sparked excitement of a new bull run, preparing the stage for altcoin’s renewed optimism. Among the leading performers are Peanut the Squirrel (PNUT), Rexas Finance (RXS), Bonk (BONK), and XRP—all witnessing substantial price fluctuations. Here’s a breakdown of these four altcoins, examining the factors behind their increase and what investors could anticipate in the upcoming weeks.

Top Performing Altcoins for the Bull Run

1. XRP: Positive News Driving Investor Confidence

XRP is experiencing a surge of positivity, driven by recent events concerning Ripple’s interactions with regulators and its ongoing legal battle with the SEC. Reports of Ripple’s discussions with the advisors of President-elect Trump have ignited speculation regarding more favorable regulations, potentially opening the door for greater institutional interest in XRP and various other digital currencies.

Additionally, speculation about the potential resignation of SEC Chair Gary Gensler has boosted XRP price, as this might signal the conclusion of the lengthy legal struggle with the SEC that has constrained prices.

XRP price chart

With XRP currently at $0.65, its 21.66% gain over the past week is promising. XRP’s future largely hinges on regulatory clarity, which could significantly impact its market potential. If the optimism around its legal situation continues and favorable regulatory changes occur, XRP could experience a substantial rally, making it one of the more stable altcoins in this bull run.

2. Rexas Finance (RXS): The New Frontier in Real-World Asset Tokenization

Rexas Finance (RXS) is a unique player in the altcoin market, making waves with its approach to real-world asset (RWA) tokenization. Currently in its 5th presale stage at a price of $0.07, Rexas Finance aims to democratize access to high-value investments. It achieves this by enabling fractional ownership of traditionally illiquid assets such as real estate and collectibles.

With growing interest from traditional investors seeking diversification, RXS is attracting attention for its innovative DeFi approach to asset tokenization.

Rexas Finance TokecomicsRexas Finance Tokecomics

Analysts are optimistic about RXS, forecasting a potential climb to $17 by 2025, as the the early-stage cryptocurrency prepares for listings on major exchanges. This would represent significant gains for early investors. The recent crypto bull run has helped boost RXS’s profile, with increasing investor enthusiasm driven by its unique utility and the broader demand for DeFi solutions.

As tokenized markets continue to gain traction, the RWA tokens could see notable long-term growth, though it remains in a highly competitive and evolving sector.

3. Peanut the Squirrel (PNUT): Reaches New All-Time High Amid Bull Run

PNUT, one of Solana meme coins,  recently gained attention due to its remarkable increases, achieving an all-time peak of $0.9745. Achieving a 1647% increase in the past 30 days and 1632% over the last 90 days, PNUT’s performance stands out as one of the most extraordinary narratives in the cryptocurrency market this year.

A significant portion of this increase is linked to community-led viral campaigns like #JusticeForPeanut, in addition to the overall market uptrend.

Reaches New All-Time High Amid Bull RunReaches New All-Time High Amid Bull Run

Should the bullish trend persist, PNUT may experience an ongoing surge. Nonetheless, meme coins have a history of volatility, and a pullback could occur, particularly if the existing excitement wanes.

  1. Bonk (BONK): Meme Coin Revival in the Midst of a Bull Market

BONK, one of popular meme coins to buy, is making a resurgence with a rise to $0.000034, reaching its peak in more than five months. Initially considered by some as just another temporary meme coin, BONK’s recent performance has astonished the market, achieving a 46.5% increase in just the past week.

BONK price in the Bull RunBONK price in the Bull Run

Technical signals, like the “golden cross” created by its 50-day and 200-WMA, indicate a positive trend that might persist, as long as it maintains its support levels.

The coin has flipped previous resistance levels into support, signaling potential for further gains if the broader market trend remains bullish. However, with its current price, BONK faces a long climb to reach a speculative target of $0.1.

Conclusion: A Market Poised for a Bull Run or a Temporary Rally?

The performances of PNUT, RXS, BONK, and XRP highlight the current volatility and potential in the altcoin market. Each of these assets has unique drivers—whether community-driven hype, innovative DeFi applications, or regulatory developments—adding to the diversity of investment options. The approaching $3 trillion market cap milestone for the global crypto market suggests growing investor interest, which could lead to sustained growth for select altcoins. As the market approaches this milestone, these altcoins could continue to ride the bullish wave, but the inherent risks of the crypto market remain, if Bitcoin’s momentum wanes.

 

Frequently Asked Questions (FAQs)

Bitcoin’s rise to $89,000 enhances market sentiment, benefiting altcoins like PNUT, RXS, BONK, and XRP, each showcasing unique growth factors and potential.

Rexas Finance innovates fractional ownership in real estate and collectibles, democratizing access to traditionally illiquid assets through tokenization.

XRP’s rally is boosted by Ripple’s talks with Trump advisors, possibly leading to favorable regulations. Speculation on SEC Chair Gensler’s resignation also sparks optimism for Ripple’s legal outcomes.

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Jane Lubale

With over four years of experience in the cryptocurrency, Fintech, blockchain, and Web3 industries, I bring a wealth of knowledge and expertise to every piece I write. Backed by a Masters in Business Administration, my writing combines insightful analysis with a deep understanding of market trends, technological advancements, and regulatory landscapes. Whether crafting engaging articles, informative guides, or thought-provoking analyses, I strive to deliver content that informs, educates, and inspires readers in this rapidly evolving space.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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