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Is $1 Shiba Inu Price Possible In The Next 30 Days?

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4 months ago

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Shiba Inu price, a widely recognized meme coin, has experienced a notable price surge over the past month. The increase follows the U.S. elections, which saw positive sentiment ripple through cryptocurrency markets. The token’s momentum places it as a standout in the meme coin sector, with discussions growing around its potential to reach $1. Despite minor market corrections, SHIB’s trajectory reflects promising growth trends that continue to energize its community.

Will Shiba Inu Price Hit $1 in 2024?

Shiba Inu price remains a focal point as meme coin season captures attention across the cryptocurrency market. A recent surge in interest in meme coins, including DOGE and Pepe, has created a vibrant market environment. This wave of enthusiasm has fueled speculation about Shiba Inu’s potential price trajectory.

Shiba Inu burn activity recently saw a remarkable 7,400% spike over the past week. This surge was driven by the destruction of nearly 2 billion SHIB tokens. Notably, a single transaction by a project executive burned 80 million tokens, demonstrating the community’s commitment to reducing supply.

Several meme coins have achieved record-breaking highs, reflecting strong investor confidence in this niche. Shiba Inu, widely recognized as a “Doge-killer,” could benefit significantly from this rally. New and experienced crypto enthusiasts closely monitor the coin as market optimism builds.

The ongoing crypto bull run, marked by Bitcoin surpassing $97,000 and Ethereum reaching $3,600, has further lifted market sentiment. This momentum has created a ripple effect, benefiting altcoins like Shiba Inu. The coin’s price has shown upward momentum in response to this broader market rally.

Shiba Inu price prediction could experience substantial price growth if market trends remain favorable, reinforcing its reputation as a key player in the meme coin niche.

Shiba Inu Price Soars 40% Amid Bullish Trend

The Shiba Inu Coin price has surged by 50%, signaling a notable recovery in the meme coin market. The SHIB price is trading at $0.00002688 at the reporting, reflecting a 4% gain over the past 24 hours. SHIB’s price movements show a consistent upward trend throughout the day, with the lowest price at $0.00002562 and the highest at $0.00002746. 

Despite being significantly lower than its all-time high of $0.00008845 on October 28, 2021, the token’s recent price activity suggests renewed market momentum.

Is $1 Shiba Inu Price Possible In The Next 30 Days?Is $1 Shiba Inu Price Possible In The Next 30 Days?
Shiba Inu Price Chart: TradingView

The combination of rising burn rates, strong market sentiment, and a thriving meme coin sector suggests a promising outlook for Shiba Inu. While the $1 price target remains ambitious, ongoing market conditions could provide the momentum needed to bring SHIB closer to this milestone.

Frequently Asked Questions (FAQs)

Yes, broader market rallies lift altcoins like Shiba Inu.

Burn rates reduce supply, potentially increasing the token’s value.

Community-led burns and enthusiasm significantly impact SHIB’s momentum.

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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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Price analysis

Dogecoin Price Drops 19% In 24 Hours! But These Coins Can Earn You Profit

Published

17 hours ago

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April 7, 2025

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Dogecoin (DOGE) investors were in a tough spot over the past few days as the world’s largest meme coin witnessed a major setback. To be precise, the DOGE price today dropped by 19%, making it trade at $0.1316 with a market capitalization of over $19.5 billion. However, there is more meat to the story, as Dogecoin price might just be mimicking a historical trend, which might result in a massive breakout in the coming days. 

Dogecoin Price Mirrors 2017 Trend

Trader Tradigrade, a popular crypto analyst, posted a tweet revealing an interesting update. As pe the tweet, DOGE is undergoing its second retest of the Gaussian Channel. A similar pattern was seen back in 2017, after which Dogecoin price skyrocketed. 

Despite the bullish Dogecoin price prediction, it’s only time to tell whether history will repeat itself. Meanwhile, investors can rather turn to these cryptos to earn profits. 

Cardano (ADA)

Like Dogecoin price action, Cardano also witnessed a similar price decline of nearly 19% in the last 24 hours. After the latest plummet, ADA price is now sitting at $0.5239. Nonetheless, the chances of ADA making a comeback can’t be ruled out, as the token’s Relative Strength Index (RSI) was about to enter the oversold zone. If that happens, then buying pressure on Cardano might increase, which in turn can push its price up.

Apart from this, a falling wedge pattern appeared on ADA’s price chart and at the time of writing, it was testing the pattern’s support level—a sign of possible recovery. In case of a reversal, Cardano price might first target $0.65. Going forwards, Cardano price forecast suggests a move towards its March high if ADA moves above $0.65. 

Cardano price chartCardano price chart
Source: TradingView

Cobak Token (CBK)

Though Cobak Token’s market capitalization isn’t as substantial compared to top cryptos, it managed to outperform most of them by a huge margin. At a time when Dogecoin price struggled, CBK’s price surged by a staggering 33% in just the last 24 hours. This performance looks impressive, especially in a bear market. 

While CBK’s price increased, its supply on exchanges dropped, and the supply outside of exchanges increased sharply. This clearly suggested that investors were buying Cobak Token in anticipation of a continued price rise going forward. 

CBK's supply on exchanges droppedCBK's supply on exchanges dropped
Source: Santiment

BNB

Despite following a similar path to that of Dogecoin price action, BNB might just be on the brink of a recovery if one condition is met. The coin’s daily chart revealed that BNB was about to test a crucial support near $530. 

BNB price chartBNB price chart
Source: TradingView

In the event of a successful test of the support, BNB can surprise investors with a rebound soon. If that happens, BNB price might first reclaim $636. A breakout above that will allow a continued bull rally in the coming days or weeks. Additionally, Coinglass’ data revealed that BNB’s long/short ratio registered a sharp uptick. This means that there are more long positions in the market than short positions—a sign of a possible price hike.

BNB's long/short ratio increasedBNB's long/short ratio increased
Source: Coinglass

To Sum Up

Despite the sharp 19% drop in Dogecoin price, historical trends hint at a possible rebound. Meanwhile, altcoins like CBK, ADA, and BNB show promising recovery signals, offering investors alternative opportunities for gains. 

Frequently Asked Questions (FAQs)

The Dogecoin price dropped due to market-wide volatility, but may mimic a bullish 2017 pattern.

Cobak Token (CBK) surged 33% in 24 hours, outperforming major cryptos despite the market dip.

Yes, both ADA and BNB show bullish indicators like support tests and oversold RSI levels.

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Dipayan Mitra

Dipayan is a full-time journalist and editor working in the Web3 domain. He has over 4 years of experience in the media industry. A graduate in journalism, Dipayan has a keen interest in keeping himself updated with the latest developments in the crypto-space. Technical analysis and assessing market trends is what he specializes in. His work has been featured on popular crypto platforms like AMBCrypto.

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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ETH Price

Ethereum price Tags $1,500 As Global Stock Market Crash Triggers Circuit Breakers

Published

23 hours ago

on

April 7, 2025

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Ethereum price has hit $1,5000 as Crypto market crash steepens, shedding $410 billion in the past two weeks. The sell-off is not localized to cryptocurrencies but also across the global stock markets, triggering cricuit breakers in Taiwan, Japan, Australia, Russel Futures and even in Singapore. What’s next for Ethereum (ETH) price prediction? Should you buy the dip?

Ethereum Price Suffers Amid Stock & Crypto Market Collapse 

In the early Asian session, Bitcoin price slipped below $80K, Ethereum price hit $1,520 as the stock and crypto markets plummeted in reaction to Trump’s tariffs. As a result of this steep sell-off, the authorities triggered circuit breakers, aka halting trading when markets fall rapidly. Cricuit breakers were triggered in Taiwan, Japan, Australia, Singapore and in Russel Futures.

S&P 500 circuit breakers are market-wide trading halts triggered at three levels – a 7% drop pauses trading for 15 minutes, a 13% drop halts for another 15 minutes, and a 20% drop stops trading for the day.

But there are no circuit breakers in the cryptocurrency markets, which often leads to massive selloff especially if the leverage in the market is high. 

As seen, ETH’s value has crashed nearly 20% in the past 21 hours and currently trades at $1,520. Is this a good place to buy ETH? Let’s explore Ethereum price predictions and key levels to watch.

Ethereum Price Prediction: Key Levels to Watch

The weekly chart for Ethereum price shows that ETH is close to a key support level at $1,504. This is the midpoint of the $1,073 to $1,934 range created between July 2022 & October 2023. The next critical support level is the orderblock at $1,278 formed in mid-December 2022. This demand zone was followed by a 77% rally in under four months. Hence, a revisit of this level could see a strong buying pressure that could absorb the selling pressure.

If the above two key levels fail to support ETH price, then the range low at $1,073 will be the final line of defense. 

Ethereum price prediction remains bearish so long as any of these levels absorb selling pressure and allow ETH bulls to form a base. 

 

Ethereum price Tags $1,500 As Global Stock Market Crash Triggers Circuit BreakersEthereum price Tags $1,500 As Global Stock Market Crash Triggers Circuit Breakers
ETH/USDT 1-week chart

If Trump’s tariffs do not stop, then a selling frenzy could make all of the aforementioned support levels meaningless. However, there is one hope for cryptocurrency as Bitcoin is as an uncorrelated asset. If demand flows into BTC amid times of uncertainty, it could fuel Ethereum price recovery rally as well. 

Frequently Asked Questions (FAQs)

Ethereum price has hit $1,520 amid the crypto market crash.

The key support levels are $1,504, $1,278, and $1,073.

Ethereum price prediction remains bearish until the selling pressure is absorbed, and bulls form a base.

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Akash Girimath

Senior Cryptocurrency Analyst & Market Strategist
Engineer-turned-analyst Akash Girimath delivers data-driven insights on cryptocurrency markets, DeFi, and blockchain technology for platforms like AMBCrypto and FXStreet. Specializing in technical analysis, on-chain analytics, and risk management, he empowers institutional investors and retail traders to navigate market volatility and regulatory shifts.

A hands-on strategist, Akash merges active crypto portfolio management with research on Web3, NFTs, and tokenomics. At AMBCrypto, he led cross-functional teams to redesign content frameworks, achieving record-breaking traffic growth through scalable editorial strategies. His analyses dissect market sentiment, investment strategies, and price predictions, blending macroeconomic trends with real-world trading expertise.

Known for mentoring analysts and optimizing workflows for high-impact reporting, Akash’s work is cited across global crypto publications, reaching 500k+ monthly readers. Follow his insights on YouTube, X, and LinkedIn for cutting-edge perspectives on decentralized ecosystems and crypto innovation.

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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Bitcoin

Crypto Liquidations hit $600M as BTC Plunges Below $80K First Time in 25-days

Published

1 day ago

on

April 6, 2025

By


Bitcoin price dropped sharply over the weekend, declining 7% to a 25-day low amid rising trade tensions and fading market liquidity.

Bitcoin trades $80,000 first time in 25-days as Trade Tensions worsen

Bitcoin price fell sharply over the weekend, declining 7% to hit a 25-day low of $79,000 on Sunday, April 6. This marks the first time BTC has traded below the $80,000 level in 25 days dating back March 11,

Bitcoin Price Action, April 6, 2025 | CoinMarketCapBitcoin Price Action, April 6, 2025 | CoinMarketCap
Bitcoin Price Action, April 6, 2025 | CoinMarketCap

After showing initial resilience last week, BTC has now surrendered gains made in late week

Amid escalating global trade tensions, bearish sentiment caught up with Bitcoin (BTC) markets over the weekend. TradingView data shows that BTC price traded as low as $78,964 according to CoinMarketCap, marking 7% losses from last week’s peak of $86,000 recorded when China’s reciprocal tariffs prompted investors to rotate capital into crypto markets on Thursday.

Crypto market liquidations cross $580M as bears exploit slow weekend demand

After China’s initially announced retaliatory 34% tariff on US imports, Bitcoin surged above $85,000 on  Thursday, briefly lifting prominent altcoins like Ripple (XRP), Solana (SOL), and Ethereum (ETH) to gains exceeding 5% in 24 hours.

This spike hinted at a temporary decoupling of crypto from the broader U.S. stock market, as risk-averse investors rotated capital into cryptocurrencies to hedge against escalating trade tensions.

However, as U.S. markets closed on Friday, the momentum faded. Liquidity dried up across major exchanges, creating an opening for bearish traders to seize control.

Within 48 hours, Bitcoin shed more than 7%, triggering cascading losses across the crypto landscape. The sudden shift highlights how thin weekend trading volumes can leave markets vulnerable to aggressive short-side pressure.

Validating this stance, derivatives data at press time on April 6, shows that crypto traders have racked up considerable liquidation losses in the last 24 hours,

Crypto Market Liquidations, April 6 | Source: Coinglass Crypto Market Liquidations, April 6 | Source: Coinglass 
Crypto Market Liquidations, April 6 | Source: Coinglass

According to Coinglass data, over $597 million in leveraged positions were liquidated in the past 24 hours alone—affecting more than 205,000 traders. Bitcoin led the wipeout with $203.78 million in liquidations, followed by Ethereum at $164.72 million.

Notably, the majority of these losses—$514 million—came from long positions, suggesting that bullish traders were caught off guard by the sharp BTC price reversal. 

Beyond that, the liquidation heatmap shows how altcoins such as Solana ($29.35M), XRP ($13.65M), and Dogecoin ($12.97M) were also heavily affected, as panic spilled over from Bitcoin’s price correction to 25-day lows. 

This sweeping liquidation event has not only erased a large portion of the recent gains but has also shaken investor confidence ahead of the new trading week.

Bitcoin Price Forecast: BTC Eyes $76K as Bears Break Technical Support

Bitcoin price forecast remains tilted to the downside after BTC decisively broke below key support near $80,700, marked by the VWAP.

The daily candle posted a 6.33% drop, closing below the 50-day SMA ($84,068) and 200-day EMA ($82,828), both of which acted as prior support zones.

This signals a structural breakdown, with bearish momentum accelerating as weekend volatility triggered liquidations across $597 million in positions.

Bitcoin Price ForecastBitcoin Price Forecast
Bitcoin Price Forecast

Volume spiked to 26.04K on April 6, confirming strong sell-side conviction. Meanwhile, the MACD histogram has turned deeply negative, with the signal line sharply diverging from the MACD line—both indicating an intensifying bearish crossover. This pattern has historically preceded deeper retracements, especially when volume confirms directional bias, as it does here.

Despite this, bulls may argue that BTC remains in a long-term uptrend and sits just above March’s intraday low of $78,694.

A sustained defence of this zone could invite dip-buying, especially if macro sentiment improves post-Monday’s market open. However, should BTC fail to reclaim $80,700 swiftly, downside risk toward $76,000 and potentially $72,500 remains firmly in play.

Bitcoin price forecast now hinges on whether bulls can reclaim broken trend lines or risk deeper correction into lower liquidity zones.

Frequently Asked Questions (FAQs)

Bitcoin price fell due to reduced weekend liquidity and rising trade tensions, which triggered bearish momentum and mass liquidations.

Over $597 million in crypto positions were liquidated in 24 hours, with $514 million from long positions, primarily on Bitcoin and Ethereum.

Failure to close above $80,700, could see BTC price drop toward $76,000 or lower, as bearish momentum and volume remain strong.

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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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