Shiba Inu Drops 12% This Week – Should You Buy the Dip or Sell SHIB?
Shiba Inu (SHIB) experienced a slight decline this week, dropping nearly 15% as broader fears shook the cryptocurrency market.
While the crypto space has shown bullish trends in recent weeks, this current dip raises the question: Is now the time to load up on meme coins, or should investors consider selling?
This article will break down both bullish and bearish indicators for SHIB. Additionally, it will explore a new meme coin to watch called Pepe Unchained.
Shiba Inu (SHIB) price prediction
Despite the recent dip, SHIB holds its position as the second-largest meme coin by market cap at $10.2 billion. It saw a 12% decrease over the past week but remains stable daily, with a slight 1.75% drop. Investors expect a market reversal soon.
Recent reports indicate that SHIB millionaires are moving into this Solana-based meme coin, which could potentially skyrocket by up to 10,000% by 2025. Although many seek the “next big thing,” Shiba Inu still offers long-term potential.
The crypto market shows mixed signals, with trading volume dropping 1.39% and the Fear and Greed Index at 37, indicating fear. Bitcoin remains steady at $60,000, a key level for the market’s next move.
Shiba Inu trends at 31st on the list. SHIB gained 32.15% in the past 30 days, and the current dip presents a potential buying opportunity for new investors.
Whale activity in Shiba Inu surged recently, with 8.27 trillion SHIB tokens moved in a single day. SHIB’s price dropped 1.75% in the past 24 hours, while trading volume fell by 45.76%, suggesting a temporary pullback. These shifts hint at potential volatility and create strategic buying opportunities.
Technically, SHIB remains neutral. Oscillators show a sell, while moving averages suggest a buy. Despite weekly drops, SHIB gained 20% this month. It’s down over six months but up 120% for the year, with a 13% rise overall.
Shiba Inu maintains promise despite recent dips, backed by a strong community and ongoing ecosystem development. Long-term performance, especially with token burns and donations, hints that SHIB’s previous all-time high may be surpassed in future rallies. Many holders remain optimistic about the next big surge.
SHIB dominates social media with 3.8 million followers on X, showing its lasting popularity. The upcoming ShibaCon, a major community event, will strengthen its position in the crypto space. Shiba Inu has evolved beyond its meme coin roots into a sophisticated ecosystem with significant potential.
Pepe Unchained (PEPU): Next meme coin to watch
Pepe Unchained is still getting popular, even with the market downturn. The project has raised $17.6 million through its presale, attracting a lot of interest. Investors are eager to join, and it brings in hundreds of thousands of dollars each day.
$PEPU tokens currently cost $0.00993. Due to the presale’s stage-based structure, this price will increase soon. Interested investors can purchase $PEPU using ETH, USDT, BNB, or even a credit card.
After the presale ends, investors can claim their tokens using the same wallet they used for the purchase. Notably, it’s not just retail investors buying in; some crypto whales are also making significant investments in Pepe Unchained.
On Thursday, one whale bought 21.75 ETH worth $51,100. This follows another whale’s $56,000 investment in early September and another who purchased $25,990 worth of $PEPU tokens. Large investments from major players often signal strong potential for a project.
The frog with the golden brain gearing up for L2 launch.
Join our official telegram to hang with the community!https://t.co/ahmb9L28KX pic.twitter.com/8hJQ7IuvJh
— Pepe Unchained (@pepe_unchained) October 5, 2024
Pepe Unchained brings more than just presale buzz and big investor buys. The project features advanced technology aimed at solving Ethereum’s scaling issues. This tech, called “Pepe Chain,” is a Layer-2 solution designed to make transactions faster and cheaper.
Pepe Chain processes transactions off the main Ethereum chain, claiming to be 100x faster while still integrating with the Ethereum ecosystem.
To promote this new platform, the Pepe Unchained team is launching “Pepe Frens With Benefits,” a program that provides grants to developers for creating dApps, NFTs, and DeFi tools. The team intends to build a thriving ecosystem from the start.
The project also features a double staking protocol that lets investors earn a 122% APY. Presale investors can already stake their $PEPU tokens, with over 1.3 billion tokens locked in. This setup has gained attention from the crypto community.
Pepe Unchained aims for success, making it a project that many are watching closely for growth. To participate in the $PEPU token presale, go to pepeunchained.com.
- Shiba Inu Prepares for Q4 Rally as This Layer 2 Meme Coin Set for 100x Surge at Launch
- Pepe Unchained Presale Surges to $17.5M, Whale Investments Signal Massive Upside
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