Shiba Inu (SHIB) continues to capture the attention of crypto enthusiasts as one of the most prominent meme coins in the market. Despite its popularity, the coin has faced heightened volatility in recent weeks, reflecting broader uncertainty in the crypto sector.
Over the past seven days, $SHIB has seen some gains, but recent 24-hour movements indicate a slight pullback as market fear hovers around a level of 31. Investors remain cautious, even amid positive catalysts like lower interest rates, renewed trade deals, and a government shutdown resolution.
Analysts Weigh Open Interest and Token Burn Effects
Meanwhile, Shiba Inu’s ecosystem continues to evolve with regular token burns and community initiatives aimed at reducing the circulating supply. In the past week alone, approximately 824 million $SHIB tokens were burned.
Source – Shibburn via X
While this spike sounds impressive, it largely reflects daily fluctuations, as burn volumes can range from nearly zero to tens of millions on different days. Analysts note that for burns to significantly impact price, they would need to reach billions consistently.
Despite this, the community remains active, and $SHIB continues to maintain a strong base of supporters, contributing to its accumulation phase. While burn activity alone cannot guarantee large price movements, it reinforces ongoing efforts to create long-term value for Shiba Inu.
Shiba Inu has also seen a notable increase in derivatives market activity, particularly in open interest, signaling heightened trader engagement. Data from CoinGlass indicates that $SHIB’s open interest rose by as much as 15% in recent days, suggesting investors are positioning for significant price movements.
This rise in derivatives activity comes amid a broader market recovery following a recent crypto dip that saw Bitcoin fall below $100,000, which also dragged Shiba Inu and other altcoins lower.
Additional factors, such as the potential approval of a Shiba Inu ETF, have contributed to renewed optimism. Yet, many are still questioning whether these factors will be enough to drive $SHIB to rally once more.
Below is a Shiba Inu price forecast from crypto analyst and trader ClayBro, along with a highlight of a new meme coin currently in presale that could serve as a promising Shiba Inu alternative. His full analysis is available on his YouTube channel or in the video linked below.
Shiba Inu Price Prediction
Shiba Inu recently bounced off a key trend line support, signaling the potential start of its next upward move. The token is currently targeting the 200-day exponential moving average, which aligns with the upper bound of its trend line resistance, adding technical significance.
If $SHIB breaks above this level, it could climb first to $0.00001650 and then toward $0.000021, offering a total upside of around 110%. Additionally, a renewed altcoin season could push the price to retest the $0.000030 area reached in December.
Market sentiment, however, remains a critical factor; fear is currently suppressing retail buying despite favorable technical setups. Long-term prospects depend on both macroeconomic factors and continued community-driven efforts, including token burns and ecosystem expansion.
Although short-term price action remains uncertain, $SHIB still holds strong potential for substantial gains if market conditions turn favorable. Here’s a guide on how and where to buy Shiba Inu ahead of the next meme coin rally.
Shiba Inu Limitations Highlighted as Pepenode Presale Attracts Early Adopter
While $SHIB has demonstrated strong community support, its price volatility and limited new utility features have led some investors to explore newer projects offering enhanced use cases, like Pepenode (PEPENODE), the first mine-to-earn meme coin presale.
Unlike traditional meme coins, Pepenode allows users to build virtual mining rigs and earn rewards in every Ethereum block, offering a gamified, interactive experience without requiring actual hardware.
The presale is currently live, having raised nearly $2.2 million, and investors can participate using EVM-compatible wallets like Best Wallet or credit cards, making it accessible to a broad audience. Pepenode also offers staking opportunities with yields of up to 600% APY.
The project has a well-defined tokenomics structure, with 35% allocated for development and community activation, 15% for staking and rewards, and the remainder supporting growth and marketing.
Early adoption momentum and strategic marketing are positioning Pepenode as an attractive option for traders cautious about Shiba Inu’s short-term performance, offering investors an innovative meme coin opportunity while addressing some of $SHIB’s limitations.
Visit Pepenode
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