The current stagnation of the Shiba Inu price has caused concern within the SHIB community. The critical support level at $0.00002093 seems to be holding, but for how long? Shiba Inu or what crypto to buy now?
The Shiba Inu community is concerned. After rising above $0.30 in early December, Shiba Inu has since experienced consolidation. Since the beginning of this year, the price of Shiba Inu is now near critical support at $0.00002093.
Now that the technical fundamentals are sending negative signals, there is even talk of a possible 21% crash.
The Shiba Inu network experiences inflation
The development within the Shiba Inu network has led analysts to talk about another possible consolidation of the Shiba Inu price.
The most important indicator that now paints a negative picture of Shiba Inu is the Net Value to Transactions (NVT) ratio. This ratio shows whether it is currently overvalued. When the value of the network is much higher than the number of transactions, there is usually inflation.
Now that this NVT ratio has increased significantly within the Shiba Inu market, a significant correction may occur for the Shiba Inu price.
Apart from this NVT ratio, the momentum indicator and the EMAs are also giving a negative signal. The momentum indicator of the price of Shiba Inu is currently giving a sell signal with a value of -0.00000287. The recent consolidation of the Shiba Inu price has also affected the EMAs. The value of most EMAs is now more valuable than the price of SHIB. Only the 200-day EMA is below SHIB's current price.
The combination of these factors bodes poorly for the Shiba Inu's future.
The Shiba Inu price could face a 21% crash.
Shiba Inu price is currently still above its important support at $0.00002093. However, once the price falls through this level, a price drop towards $0.00001961 could occur. From there it can drop even further towards $0.00001676. A drop to $0.00001676 represents a decline of as much as 21%.
With this prospect in mind, it will be interesting for investors to shift their attention to other altcoins. Recently, several promising altcoins have appeared on the market that now appear as good candidates for crypto investors. Below we will discuss three of these altcoins in more detail.
Wall Street Pepe (WEPE) – gives access to small traders in the crypto market
The ultra-competitive crypto market makes it difficult for small traders to make good profits. It is more and more the big crypto whales and the institutions that make off with the big money. As Pepe Wall Street However, a new crypto project has now appeared on the market that wants to change this. This project aims to provide these small traders with the trading insights they need to make a big profit.
Bleeding. Stacking. Focus on the green. 🐸 ⚔️ pic.twitter.com/W0MbgCIoaL
– Wall Street Pepe (@WEPEToken) January 14, 2025
Wall Street Pepe is a mix between the viral Pepe coin and the Wolf of Wall Street. This project offers its users benefits such as trading signals and strategies to help them navigate the complex world of the crypto market. Wall Street Pepe's goal is to turn his Wepe Army into the next wave of wealthy investors.
Wall Street Pepe is powered by its native WEPE token. This token is currently on sale at its pre-sale stage at huge discounts. However, as the price of this token rises with each new level of pre-sale, users must be quick to take advantage of the current low price.
Visit Wall Street Pepe Presale
MIND of Pepe (MIND) – a new crypto AI project is promising
Now that AI is playing an increasingly important role within the crypto market, more and more crypto projects are trying to benefit from this. As Pepe's mind However, a crypto project has now been launched that takes this AI technology to a whole new level. MIND of Pepe uses this AI technology to combat some of the most important problems in the crypto market.
MIND of Pepe has its own AI agent that gives MIND real-time insights of Pepe users. These insights can help investors make the right trading decisions. It helps these users to process the vast amount of market insight. They also get exclusive access to early bird transfers and purchases.
To give early investors exclusive access to AI MIND or Pepe's activities, this project has now started a presale. Users who purchase MIND tokens will get exclusive access to benefits such as stake rewards, trend analysis and exclusive features. The MIND of Pepe pre-sale has now raised nearly $1 million in deposits within 24 hours.
Meme Index (MEMEX) – changing the way people invest in meme coins
Meme Index is a new platform that is changing the way users invest in meme coins. This project makes it possible to access the $120 billion coin meme market through a single token.
The Telegram Meme Index is LIVE! 📈📈
This is where you are $ MEMEX journey begins.
Link: https://t.co/JaYKr7Fvvu pic.twitter.com/DwZuQK60vt
– Meme Index (@memecoin_index) January 13, 2025
Meme Index is a progressive platform that aims to reduce the risks of the coin meme market. Users can access four different meme coin indexes: Titan Index, Moonshot Index, MidCap Index and Frenzy Index. Index is dynamic and regularly updated with the latest trends in the meme coin market.
Users who purchase the native MEMEX token also get access to stake rewards, table participation and much more. MEMEX tokens are currently being sold at their pre-sale level. During this presale, 15% of the total token supply will be sold. More than $2.4 million in investments have now been raised, and MEMEX tokens cost $0.0152243 each.
