There is more resistance to the Shiba Inu (SHIB) today, while there are not enough buyers to absorb the pressure. The famous crypto meme has fallen 4.5% today to $0.00002060 and threatens to fall even further in the afternoon. Will it also fall below $0.00002000 or can the price still recover?
After falling 27% in the last 30 days, it is possible to buy SHIB today at a further discount, but if the price falls even further there may be other options that could rise on hype in the short term. That's why we'll look at three other meme coins with more potential later in this article.
SHIB price is falling due to lack of buying pressure
Shiba Inu have a hard time at the beginning of this new year. This is not only due to the reduction in purchase pressure, but also the number of new users of the Shiba Inu blockchain that is declining.
The graph below from IntoTheBlock shows how the number of new users has dropped from over 40% to 27% since last weekend. The 'New Adoption Rate' tracks how many new users (wallets) make their first transaction on Sibarium.
This is a big solution for Shiba Inu because it is one of the most successful meme cryptos in 2021. It is expected to become explosive in 2025 low. This is largely because it has a market cap of $12 billion today. This makes it the #2 biggest meme coin after Dogecoin.
In case Shiba Inu continues to rise reasonably in 2025, you will have a great discount on SHIB today. But if the Shiba Inu price loses its support at $0.00002000, this “discount” could be even higher.
What does a Shiba Inu do?
Shiba Inu has lost a lot of momentum compared to other meme coins. This can be seen as it is falling towards its 200-day moving average of $0.00001897. If it loses its psychological support of $0.00002000, it also risks falling below its 200-day moving average.
The decline in SHIB price last week came after a failed attempt to break out above the 30-day moving average (yellow). Last week's activity is similar to the rest of the market. Unlike most altcoins, SHIB is in danger of falling to the levels in early November.
The Relative Strength Index (RSI) has now dropped below 40, indicating a growing bearish trend for Shiba Inu. Amidst this bearish attitude, it is difficult to know whether Shiba Inu will recover.
If this happens, Shiba Inu is a great meme coin to buy today. But like other meme coins, the risk is still high if you decide to invest. The difference with meme mini coins, however, is that with a little more risk you have the chance to make a lot more profit.
What crypto meme to buy today?
If a small meme coin rises, it could rise 1000% or more in the bull, and Shiba Inu could rise another 200% from now in 2025. For that reason, a small investment in meme coins is worth it new to many.
In this article we look at three alternatives to the Shiba Inu with the potential to rise much faster in Q1 2025. These meme coins are temporarily available in the presale. Early investors then benefit from a low fixed price and additional benefits, such as attractive bonus rewards.
Wall Street Invitational ($WEPE)
This is probably one of the best alternatives to Shiba Inu, Wall Street Invitational ($WEPE)has raised more than $47 million in its presale. The new meme coin has attracted a lot of attention since its release in December, which is not surprising given the additional benefits you get as a $WEP holder.
Token holders will have access to an exclusive community of traders. Elite trading insights are also shared in this community. Whether you are an experienced trader or a novice, these trading insights offer the opportunity to make big money in the bull.
I see green. I feel green. I am green. 🐸⚔️ pic.twitter.com/zLlafKGOkz
– Wall Street Pepe (@WEPEToken) January 12, 2025
However, the quality of the trading views is still a surprise, but if it is good, the $ WEPE price could appreciate a lot. Today you will buy $ WEPE for a low price of $ 0.0003664 each and you will get the option to send your tokens immediately for an APY of 27%.
Flockerz ($FLOCK)
Flockerz ($FLOCK) the presale that started at the end of last year and will end in about 9 days. This meme project believes in the power of the community and shows this with its Vote to Work tool. The presale is approaching its $10 million milestone, a sign that investors are excited about the meme coin, which could bode well for the post-launch price.
Vote-to-Enn means that you, as a token holder, can vote on suggestions submitted to the community. When you vote, you earn $FLOCK tokens as rewards, so this token is worth holding. What does the future of the project look like? You decide that as a token holder!
$FLOCK is still for sale in this last phase for $0.0066883 each. Early investors continue to benefit from huge rewards today, with $FLOCK offering a 280% take APY at the time of writing. By combining Vote-to-Earn with stake, it is possible to earn many more tokens.
Meme Index ($MEMEX)
The current state of the Shiba Inu doesn't say much about the dog meme market as a whole. At its peak in 2024, interest in meme coins was very high. This can also happen in the same way, but how will you benefit from the next increase? The Meme Index ($MEMEX) is an easy way to join the dog meme community.
The Meme Index gives you the inside scoop on the meme market. This comes in the form of decentralized indexes with their own risks and benefits. Using $MEMEX you can invest directly in these indices, with famous meme coins like DOGE, SHIB, PEPE and new stars like Goatseus Maximus and Brett.
$MEMEX currently has attractive rewards with an APY of 944%. You can get the meme coins right away by buying them during the pre-sale for $0.015 each. The more tokens you have, the higher your exposure to the meme coin. This way you will get more money in the end when the dog meme section rises again.
