Connect with us
DAPA Banner

Crypto World

Shiba Inu Price Prediction: Time to Say Goodbye To Millionaire Dreams?

Published

on

Shiba Inu is consolidating below $0.000006 price level, a line that has flipped from support to resistance, dragging any bullish prediction.

Shiba Inu is trading at $0.00000597, up 0.93% in the last 24 hours, a modest price bounce that masks a bruising -4.4% seven-day slide, and the prediction is not looking good. The dog coin that minted actual millionaires in 2021 is now fighting to hold a six-zero price handle.

The 24-hour rebound followed a technical defense of the $0.0000056 support zone after six consecutive red sessions. Trading activity surged 70%, accompanied by a positive buy-sell delta of 27.4 billion SHIB.

On-chain data confirmed net exchange outflows of 112–125 billion SHIB, stripping near-term selling pressure from the order book. That confluence, volume spike, positive delta, and exchange drain are historically the setup SHIB needs before a short-term leg higher.

But can SHIB print more millionaires at this level? Are memecoins’ communities no longer able to catapult a coin?

Advertisement

Discover: The best pre-launch token sales

Shiba Inu Price Prediction: Reclaim $0.000007 Before April Ends, or Dream Shattered?

Shiba Inu is consolidating just below the $0.000006 price resistance level, a line that has flipped from support to resistance over multiple sessions, dragging down bullish sentiment.

Advertisement

Key levels to track: support clusters at $0.0000056–$0.0000059, with resistance stacked at $0.0000060–$0.0000065 and a more meaningful ceiling near the historical $0.000018–$0.000020 range.

Three scenarios are currently in play:

Shiba Inu is consolidating below $0.000006 price level, a line that has flipped from support to resistance, dragging any bullish prediction.
SHIB USD, Tradingview
  • Bull case: SHIB flips $0.000006 with sustained volume, targets $0.0000065–$0.000007 within days. Exchange outflows accelerating would confirm this path.
  • Base case: Price consolidates between $0.0000057–$0.0000062, grinding sideways as macro uncertainty limits conviction.
  • Bear case: Failure to hold $0.0000056 opens a drop toward $0.0000050, invalidating the current rebound thesis entirely.

The 589 trillion SHIB still in circulation remains the structural ceiling on any millionaire-making moon run. People have noted SHIB’s sensitivity to external catalysts. The October 2024 Elon Musk effect pushed volume to $145 million in 48 hours, but that event is, by definition, unpredictable.

SHIB could deliver decent returns. Delivering millionaire returns from this market cap? That math gets harder every cycle.

Discover: The best crypto to diversify your portfolio with

Advertisement

Maxi Doge Targets Early Mover Upside as Shiba Inu Tests Key Levels

Here’s the uncomfortable reality SHIB holders face: at today’s price, the multiplier required to turn a $1,000 stake into a million dollars simply doesn’t exist at current valuations without a market cap that would rival entire national economies. It’s arithmetic.

Traders chasing the next generational meme coin trade are increasingly looking at earlier-stage projects where the supply-to-price math still works in their favor.

Maxi Doge ($MAXI) is one presale capturing that rotation. The project has raised more than $4.7 million at a current price of just $0.0002811. The concept leans hard into gym-bro meme culture with holder-only trading competitions, leaderboard rewards, and a Maxi Fund treasury dedicated to liquidity and partnerships.

Advertisement

Recent capital flows into the presale have drawn comparisons to early-stage SHIB momentum. Staking is live with a 66% APY bonus. For traders weighing SHIB’s structural ceiling against earlier-stage upside, researching Maxi Doge is worth the ten minutes.

This article is not financial advice. Crypto investments are highly volatile and speculative. Always conduct your own research before investing.

The post Shiba Inu Price Prediction: Time to Say Goodbye To Millionaire Dreams? appeared first on Cryptonews.

Advertisement

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

These catalysts could bump bitcoin as Trump hands three-week target to end Iran war

Published

on

BTC price rises as Trump says U.S. in talks with 'new regime' in Iran, threatens oil infrastructure if deal fails

Asian stocks posted their best day in months and S&P 500 futures jumped after the president said he would address the nation Wednesday night with an “important update” on Iran. Oil pared losses as the UAE reportedly prepares to help reopen the Strait of Hormuz by force.

Bitcoin traded at $67,950 on Tuesday, up 0.2% over 24 hours, as a wave of optimism over a potential end to the Iran conflict lifted risk assets across the board. Ether rose 1.6% to $2,100, its strongest daily move in weeks.

XRP gained 0.5% to $1.34, dogecoin added 0.5% to $0.09, and BNB edged up 0.4% to $616. Solana’s SOL was the notable laggard, dropping 0.7% to $83.14 and extending weekly losses to 8.7%.

The MSCI Asia Pacific Index surged 4%, its best session since the war began, with nearly 10 stocks rising for every one that fell. Asian tech jumped 6.5%, led by Samsung and SK Hynix surging more than 9% each. S&P 500 futures climbed, and the index notched its biggest single-day gain since May.

Advertisement

The catalyst was Trump telling reporters he expected the war to end within two to three weeks and that a deal with Iran was not a prerequisite for concluding the conflict. He announced a national address Wednesday at 9 p.m.

Eastern to provide what he called an “important update.” Iran’s president Masoud Pezeshkian told the EU Council president that Tehran has “the necessary will to end this war” but expects guarantees against future aggression.

Separately, the Wall Street Journal reported that the UAE is preparing to help the U.S. and allies reopen the Strait of Hormuz by force, which would make it the first Gulf state to enter the conflict as a combatant. Brent crude edged back above $105 after Tuesday’s decline.

The crypto market’s reaction was muted relative to equities, a pattern that has held for weeks. Bitcoin has spent the entire war grinding between $65,000 and $73,000 while equities swing violently on each headline. The gap between crypto’s sideways range and the stock market’s correction-level drawdown remains the most notable divergence in the cross-asset picture.

Advertisement

There were reasons for cautious optimism beyond geopolitics. Morgan Stanley received approval for a bitcoin ETF charging just 14 basis points, 11 below the category average. The product opens access to Morgan Stanley’s 16,000 financial advisors managing $6.2 trillion, a channel that has not previously had direct bitcoin ETF exposure.

Alex Blume, CEO of Two Prime, pointed to three catalysts that could drive bitcoin higher in Q2 — the Morgan Stanley ETF, continued success of Strategy’s STRC preferred equity product in funding bitcoin purchases, and a swift resolution to the Iran war.

“A lot of market uncertainty could be resolved soon,” Blume said in an email to CoinDesk. “Coupled with new buying power, a strong Q2 may be ahead.”

Gold advanced for a fourth straight day to near $4,700, though its nearly 12% decline in March was its worst monthly performance since October 2008. The precious metal’s ongoing weakness during an active war continues to break historical precedent.

Whether Trump’s Wednesday address produces an actual off-ramp or just another headline in a month that’s been full of them will determine if this rally holds. As one analyst put it, “I’m not convinced over the longer term. Investors will soon want concrete evidence that the end of the war is in sight.”

Advertisement

Source link

Continue Reading

Crypto World

US Treasury Seeks Comment on State-Level Stablecoin Regulatory Criteria

Published

on

Government, US Government, United States, Stablecoin, Genius Act

The US Department of the Treasury issued a notice of proposed rulemaking (NPRM) on Wednesday and is seeking public comment on proposed regulations for state-level stablecoin governance frameworks under the GENIUS Act.

The GENIUS stablecoin regulatory framework, also known as the “Guiding and Establishing National Innovation for US Stablecoins Act,” gives states the authority to regulate stablecoins with a market cap of less than $10 billion, as long as the regulations do not deviate significantly from federal policies.

The Treasury outlined several non-negotiable stablecoin regulations that must be in line with Federal regulations, including a 1:1 reserve backing with cash or high-quality cash equivalents and monthly reporting requirements. 

Government, US Government, United States, Stablecoin, Genius Act
The NPRM published by the US Treasury Department. Source: US Department of the Treasury

States must also comply fully with federal anti-money laundering and sanctions policies for stablecoins, while upholding bans on token rehypothication, or using the same asset to support multiple claims.

Under the proposal, states are allowed to impose their own liquidity, reserve, risk management, regulatory procedures, enforcement and administrative rules, as long as the rules impose higher financial thresholds or are more restrictive than the federal regulations. 

Advertisement

“State-level regulatory regimes must lead to regulatory outcomes that are at least as stringent and protective as the Federal regulatory framework,” the proposal said.

The public must submit comments within 60 days of the NPRM announcement. Once a stablecoin issuer passes the $10 billion threshold, it will automatically be under the regulatory jurisdiction of the federal government, meaning the largest stablecoin issuers will be regulated exclusively at the federal level.

Related: FSB flags dollar stablecoins as bigger risk for emerging markets in annual report

GENIUS Act becomes law, but uncertainty remains over yield-bearing stablecoins 

US President Donald Trump signed the GENIUS Act into law in July, which was considered a landmark moment for crypto regulations.

Advertisement

Despite the landmark regulations, uncertainty about yield-bearing stablecoins and whether stablecoin issuers can share interest with token holders has stalled the CLARITY crypto market structure bill in Congress.

Some crypto companies, led by Coinbase, argue that yield-bearing stablecoins provide savers with a competitive alternative to traditional savings accounts, which typically have interest rates far below 1%.

The banking lobby continues to oppose yield-bearing stablecoins over fears that the tokens will cause deposit flight and erode the sector’s market share.

Advertisement

Magazine: GENIUS Act reopens the door for a Meta stablecoin, but will it work?