Price analysis
How High Can Shiba Inu Price Get By December 31?
Shiba Inu, the second biggest meme coin in crypto, is in the spotlight after rising above a key resistance level. With Bitcoin price crossing the $100k mark, and crypto market’s fear and greed index rising, there are odds that the SHIB price will continue rising in the next few weeks. So, how high can Shiba Inu price get by December 31?
Shiba Inu Price Technical Analysis Points To A Jump To $0.00005458
Shiba Inu price was trading at $0.00003150 on December 5, much higher than the year-to-date low of $0.00008280. As described below, technicals suggest that SHIB could get to $0.00005458 by December 31.
On the daily chart, the coin has recently moved above the key support level at $0.00003045, its highest level on November 12. It has also retested the key resistance level at $0.00003280, its highest level on March 27. This is a notable level since it was the upper side of the cup and handle chart pattern, whose depth is about 67%.
SHIB price has also moved to the 38.2% Fibonacci Retracement level and the Weak, Stop & Reverse level of the Murrey Math Lines. The coin has also formed a golden cross pattern as the 50-day and 200-day Weighted Moving Average (WMA) made a bullish crossover pattern.
The Relative Strength Index (RSI) and the MACD indicator have continued rising, a sign of momentum. Therefore, the SHIB price will likely rise to $0.00005458 by December 31. This price target is established by measuring 67% from the upper side of the cup.
On the flip side, a drop below the major S&R pivot point at $0.000025 will invalidate the bullish Shiba Inu price prediction. If this happens, the next point to watch will be the 200-day moving average at $0.00001890.
SHIB Has Multiple Catalysts Ahead
Shiba Inu price has numerous catalysts that could push it higher in the next few days. The coin’s burn rate has continued rising, with over 410 trillion tokens being burned since its inception. Over 5.3 trillion SHIB coins have also been staked.
Shiba Inu could benefit from the ongoing crypto bull run, now that Bitcoin has moved above $100,000. Blasting above $100k could trigger more gains ahead, since it spent a few weeks slightly below that level.
Also, the altcoin season index has jumped to 82, meaning that these coins are doing well. In most periods, meme coins like SHIB tend to do well when the altcoin season index is rising.
Frequently Asked Questions (FAQs)
The most likely scenario is where the Shiba Inu price rises to $0.00005458 by December. This level is estimated by looking at the cup and handle pattern, a popular bullish view.
Shiba Inu will rise because of its strong momentum, cup and handle pattern, golden cross, and the robust nature of the crypto industry.
The top alternatives to Shiba Inu are coins like Dogecoin, Dogwifhat, Floki, and Pepe coin.
crispus
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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XRP price has been moving sideways in the last seven days with a weekly high of $2.23 and a weekly low of $2.01. However, a breakout from the consolidation zone could be on the horizon after the US Federal Reserve hinted that it may adopt Ripple’s blockchain. If this happens, how high would XRP rally, and would it realistically reach $20? Let’s explore.
XRP Price in Focus as Fed Hints US Banks Can Use Ripple
Speculation within the Ripple community is rife that the Federal Reserve can integrate the Ripple blockchain for its FedNow payment systems. If this happens, it would bolster a parabolic rally for the XRP price.
Crypto analyst CryptoGeek highlighted a document shared by the Fed on its plans to integrate blockchain technology to bridge the gap between traditional banking and decentralized finance (DeFi). One of the blockchains it plans to use is the Ripple network, which has garnered attention amid the end of the SEC vs. Ripple case.
Another analyst also pointed out that this integration may happen as early as July 14. This is the date that the Fed plans to roll out an upgrade to the Fedwire Funds Service.
This rumoured integration comes after reports that Ripple is partnering with SWIFT. Moreover, by being a US-based blockchain, there is a high chance that the Fed integration will happen. This suggests that the XRP price may be poised for a parabolic rally.
Can XRP Price Hit $20?
If Ripple is integrated by the US Federal Reserve, the price can rally to as high as $20. If XRP price were to reach this price with the supply of 60 billion tokens, it would attain a market capitalization of $1.2 trillion, and emerge as the largest altcoin.
Davinci Jeremie, an early Bitcoin investor who urged people to buy BTC at $1, believes that the XRP price will reach $24 by the end of the year. He noted that support from the US administration would be the key to this rally.
“There is a lot of people in the US government that are pushing XRP. And so we could see possibly, XRP do something crazy.”
Given this XRP price forecast, $20 is a realistic target for the altcoin. Additionally, integration by the Federal Reserve will be a key catalyst for such a rally.
Short Term Forecast for Ripple Price
The daily chart shows that the XRP price has some hurdles to clear before making a strong uptrend. The RSI shows that buyers are hesitant. This indicator saw a steady rise earlier this month, but it is dropping again, indicating that the bearish momentum is growing strong again. Traders should watch out for a lower low in the RSI to confirm a steep downswing.
Conversely, XRP continues to trade above crucial support at the 200-day EMA. As long as Ripple defends this support, it may avoid a steep selloff. A resumption of bullish trends will be confirmed if XRP price can break out of the 50-day EMA at $2.21, which is also the upper trendline of the descending channel. This breakout will shift the market structure to bullish.
XRP price is surrounded by multiple bullish catalysts, including the possible adoption by the Federal Reserve. This may kickstart a rally past 420. However, Ripple needs to break bearish hurdles on the daily chart to record a strong upswing.
Frequently Asked Questions (FAQs)
XRP price can hit $20 and attain a $1.2 trillion market cap if it is adopted by the Federal Reserve. This integration will drive massive demand for the token.
Speculation is rife that Ripple will be adopted by the Federal Reserve as early as July 14. However, the Fed has yet to confirm these rumors to be factual.
The most crucial level to watch for is $2.21. If XRP flips this level, it may kickstart a resumption of bullish trends.
muthoni
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.
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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While the Shiba Inu price has crashed by 65% from its November highs, one crypto analyst believes it is too resilient to fail and that it is much better than other meme coins like Dogecoin and Pepe. As such, if her reasons are correct, the SHIB price will likely bounce back in the long term.
Shiba Inu Price Could Soar as Analyst Makes Her Bullish Case
A crypto analyst has suggested that Shiba Inu is too strong to fail. That is likely a reference to the “too big to fail” phrase that refers to the biggest banks in the United States.
In an X post, an anonymous analyst going by the name ShibaBaby Shib, explained that Shiba Inu had transitioned from being a meme coin into a full-fledged ecosystem with real utility.
She pointed to Shibarium, its layer-2 network that aims to compete with other players like Base and Arbitrum. Additionally, she pointed to other utility tokens in the ecosystem like BONE, LEASH, and TREAT. Each of these token has a clear utility in the crypto industry, with BONE being used to handle payments in Shibarium. She said:
“SHIB isn’t just hype—it’s a movement with infrastructure, vision, and unstoppable community strength.”
Shibarium has become a rapidly growing layer-2 network, handling over 1.05 billion transactions. It has also added over 197 million addresses over time. Its growth will contribute to Shiba Inu’s performance by increasing its burning mechanism.
In addition, unlike other inflationary meme coins, Shiba Inu continues to burn billions of tokens weekly. Burning reduces the number of coins in circulation, boosting the value of the remaining tokens.
SHIB Price Technical Analysis
The daily chart reveals that the Shiba Inu price has formed a few bullish chart patterns that point to 3x in the longer term. It formed a big falling wedge between November last year and March. A strong bullish breakout often follows this pattern, especially if it is a big one.
SHIB price has also formed a triple-bottom pattern at $0.00001080. This pattern is made up of three low swings and a neckline, which, in this case, stands at $0.000033, its highest level in 2024.
Most recently, it has formed a smaller double-bottom with a neckline at $0.00001567.
Therefore, while it is too early to predict, it is likely that the coin will bounce back, and possibly hit the neckline at $0.00003335. This SHIB price forecast is about 300% above today’s level.
The alternative scenario is dire for the coin. A drop below the triple-bottom point at $0.00001080 will be a sign that bears have won and push the coin much lower over time.
Frequently Asked Questions (FAQs)
The analyst cited the fact that SHIB was no longer a meme coin. Instead, it is a solid cryptocurrency project with a utility.
The most likely scenario is where the SHIB price surges and hits its highest level in 2024, which is about 3x from the current level.
From a technical perspective, the bullish forecast will become invalid if it falls below the triple bottom point.
crispus
Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience. He focuses on Bitcoin and other altcoins, covering the intersection of news and analysis. His insights have been featured on renowned platforms such as BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.
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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Ethereum price tumbles below $1,600 facing pressure amid $86 million DeFi capital flight to faster, low-cost rivals like Solana.
Capital Rotation Into Solana Spurs Concerns for Ethereum’s DeFi Dominance
Ethereum (ETH) is facing renewed competitive pressure after nearly $87 million in assets migrated from its ecosystem to rival blockchains in the week following former U.S. President Donald Trump’s repeal of a controversial decentralized finance (DeFi) regulation.
On April 10, Trump signed a bill overturning a Biden-era mandate requiring DeFi protocols to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) rules. The reversal was widely interpreted as a win for crypto-native projects, removing a major regulatory overhang that threatened the sector’s permissionless structure.
But for Ethereum — the current hub of DeFi liquidity — the impact has been less than favorable.
According to data from Wormhole, the largest cross-chain bridge on Ethereum, Solana captured the lion’s share of outflows with over $54 million redirected into its ecosystem. Base, Arbitrum, and Avalanche followed, attracting $9.6 million, $5.8 million, and $3.9 million, respectively.
Rapid Transfers from Ethereum Sparks 21% rally for Solana
Notably, the Solana-bound assets were funneled into DeFi protocols such as Jupiter, Kamino, and MarginFi.
Based on the latest data from DefiLlama, Solana TVL has been on a steady rise since Trump’s signing repealed the DeFI law last week.
As seen in the chart above, Solana TVL increased 12% from $6.1 billion on April 9, to hit the $6.9 million mark at press time on Wednesday, April 16. This shows that investors deposited over $800 million into various Solana native Defi protocols over the past week.
With Solana price currently trading at $135, up 21% on the weekly timeframe. Comparatively, Ethereum price is trading below $1,600 mark, with its 8% gain on the weekly candle, reflecting second lowest returns among the top 10 ranked crypto assets.
Looking Ahead:
The DeFi fund flows observed on the Wormhole bridge further reinforce the narrative that Ethereum could be losing market dominance, as deepening regulatory clarity encourages investors to switch towards rival Layer-1 and Layer-2 protocols.
The ongoing migration trend from Ethereum to faster, lower-cost networks. Ethereum still leads in total value locked (TVL), but this week’s data is a clear signal of shifting momentum.
More so, major institutional players venturing into crypto on new themes like Real-world Asset and securities Tokenization are increasingly opting for alternative layer-1 protocols like Hedera, Avalanche, while Solana and Cardano maintain a strong hold on retail dominance.
Solana, which suffered from performance concerns in 2022, has staged a significant turnaround in both uptime and developer activity.
The network processed over 60 million daily transactions this week, far surpassing Ethereum’s 1.1 million, and maintained average fees below $0.01, according to data from Solana Explorer.
Ethereum Price Forecast: ETH Eyes $1,700 Rebound as Momentum Shifts
Ethereum price forecast charts show early signs of a potential rebound after closing at $1,592.60, gaining 0.24% on the day.
The Bollinger Bands are starting to compress, suggesting a volatility squeeze, with the mid-band resistance at $1,695.42 acting as the first upside target. ETH price is currently attempting to reclaim ground within the lower half of the bands, signaling the possibility of a bullish reversal.
The Parabolic SAR dots have flipped below the candlesticks, which is a classic buy signal in trend-following strategies.
This adds further weight to a bullish Ethereum price forecast, especially as the MACD histogram shifts into green territory for the first time in weeks. The MACD line is rising toward the signal line, suggesting bullish momentum may soon dominate.
If ETH clears $1,695, a push toward the upper Bollinger Band at $1,960 becomes plausible. However, failure to maintain current support near $1,430, ETH price risks a retest of $1,397.19, where the SAR last confirmed support.
Frequently Asked Questions (FAQs)
Ethereum faces stiff competition from faster, lower-cost Layer-1s like Solana, especially after $87M in assets migrated post-regulation repeal.
Ethereum still leads in Total Value Locked (TVL), but ongoing migration to Solana and others poses a real competitive threat.
Yes, Ethereum remains foundational for DeFi, but investors should monitor shifting flows and regulatory developments affecting its ecosystem
ibrahim
Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.
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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