The Shiba Inu community has burned a significant number of SHIB tokens in the last 7 days. The objective is to bring down the circulating supply to create scarcity and spike SHIB prices by leveraging the concept of demand supply. It is anticipated that prices of the second-ranked meme coin in terms of market cap will rebound in the coming days.

Shiba Inu Community Burns 87 Million SHIB

In the past week, the Shiba Inu community has burned as many as 87,175,135 SHIB tokens. This translates to 87.17 million tokens in the last 7 days with an increase of 52.74% in burn rate. The X post by Shibburn has further highlighted that the burn rate is down by 90.17% in the last 24 hours. A core objective here is to control the circulating supply of the meme coin to mark upticks in the prices. SHIB’s circulating supply now stands at 589.25 trillion.

As per an early report, Shib burn rate had declined by 72% in a single day. Thereby, triggering speculation over its impact on the price.

Effect on SHIB Price

SHIB prices, so far, have reacted positively to this development by marking an uptick of 1.33% over the last 24 hours. However, SHIB price remain significantly down by 9.52% in the last 7 days and 23.63% in the last 1 month. The 24-hour trading volume has also taken a hit of 10.29% while Open Interest has gained 31.32% of value. Overall sentiments towards SHIB are bearish with an FGI of 69 points and volatility of around 10.09%.

Removing tokens from circulating supply has worked in the past and Bitcoin is a prime example of it. BTC prices are now hovering above $90,000 months after Bitcoin Halving which happened in April 2024. Therefore, the Shiba Inu community is optimistic that the prices of its SHIB holdings will eventually navigate a way for a bull run.

What’s Next for the Shiba Inu Community?

Two factors are at play for the Shiba Inu community, namely drawing speculation for future SHIB prices and experiencing the launch of the TREAT token. SHIB prices, according to Coincodex, may grow by almost 0.52% to touch the value of $0.00002216 in the next 30 days. The nearest speculation is extremely bullish with a growth of 105.39% in the picture. It is important to note that the crypto market is highly volatile and price movements could go North or South at any moment.

Finally, the launch of the TREAT token is scheduled to happen on January 14, 2025. This has been teased as a revolutionary endeavor for the Shiba Inu ecosystem across the world.

The post Shiba Inu Community Burns 87M Coins This Week, What’s Next For SHIB? appeared first on coinpress.

Crypto prices today remained steady, with Bitcoin (BTC) trading near $94K and Ethereum (ETH) holding firm after the release of U.S. jobs data. The global crypto market cap saw a slight increase of 1%, reaching $3.29 trillion, despite a 7% drop in trading volume to $144 billion. Grayscale, a leading crypto asset management firm, boosted market sentiment by revealing plans to consider 39 cryptocurrencies, including popular altcoins like Dogecoin (DOGE), BNB, Hedera (HBAR), Kaspa (KAS), and Aptos (APT).

Among major altcoins, Bitcoin SV (BSV) emerged as the top gainer, recording a 15% rise in the last 24 hours, highlighting strong performance in an otherwise stable market.

Crypto Prices Today: BTC Crosses $94K, XRP Gains Over 2%

Crypto prices today showed stability as Bitcoin (BTC) rebounded past $94K after making a low of $92K. Ripple’s XRP recorded a notable gain of over 2%, contributing to the overall market’s positive momentum. Meme coins also followed the BTC trend. Dogecoin (DOGE) and Shiba Inu (SHIB) both gained over 2% in the last 24 hours, reflecting renewed interest in the altcoin market.

Bitcoin Price Today

Bitcoin price today was trading at $94,203, up by 1% at the time of writing. The 24-hour low and high for BTC stood at $92,235 and $95,755, respectively.

As per Farside Investors data, Bitcoin ETFs recorded an outflow of $149 million. The major outflow was because BlackRock sold $183 million in ETF. Fidelity led the purchases with an investment of $16.6 million, while Grayscale added $13.5 million to its BTC ETF holdings.

Ethereum Price Today

Ethereum price today was trading at $3,234. The 24-hour low and high for ETH stood at $3,196 and $3,321, respectively.

ETH ETFs saw an outflow of $68 million, with Fidelity offloading $65 million. Fidelity has been consistently selling ETH ETFs for the last three days. Meanwhile, BlackRock’s data on ETH ETFs is still awaited, keeping investors watchful.

XRP Price Today

XRP price today was trading at $2.33, recording a 2.7% gain over the last 24 hours. The 24-hour low and high for XRP stood at $2.256 and $2.364, respectively.

According to a report by coinpress, data insights from Santiment revealed that the number of HODLers for XRP and other cryptocurrencies has grown during the early days of this new year.

Solana Price Today

Solana price was down by 1.5% in the last 24 hours, trading at $186. The 24-hour low and high for SOL stood at $183 and $192, respectively.

Top Cryptocurrency Gainer Prices Today

As per crypto prices today, here are the top 5 crypto gainers over the last 24 hours:

Bitcoin SV (BSV)

Price: $59.56
24-hour gain: +15%

IOTA (IOTA)

Price: $0.335
24-hour gain: +10%

Fantom (FTM)

Price: $0.699
24-hour gain: +8%

Algorand (ALGO)

Price: $0.364
24-hour gain: +6.5%

Bitget Token (BGB)

Price: $6.82
24-hour gain: +6%

Top Cryptocurrency Loser Prices Today

As per crypto prices today, here are the top 5 crypto losers over the last 24 hours:

ai16z (AI16Z)

Price: $1.33
24-hour loss: -13%

Virtual Protocols (VIRTUAL)

Price: $0.98
24-hour loss: -8%

SPX6900 (SPX6900)

Price: $1.10
24-hour loss: -6.87%

Hyperliquid (HYPE)

Price: $20.14
24-hour loss: -6%

Ethena (ENA)

Price: $0.8851
24-hour loss: -5.15%

Meme Crypto Prices Today

As per crypto prices today, meme coins have mirrored Bitcoin’s price movement. The top meme coin, Dogecoin (DOGE), rose by 2.3% and is currently trading at $0.3324. Shiba Inu (SHIB) also saw a 1% increase, trading at $0.0000215. Grayscale has recently considered DOGE, HBAR, and other cryptocurrencies for future investment products which shows bullish behaviour in the these altcoins.

Other notable meme coins, including PEPE, PENGU, and WIF, experienced declines of 1 to 2% in the last 24 hours.

Additionally, the hourly chart shows a slight bearish trend, with BTC down by 0.2% in the last hour. Major altcoins followed suit, showing bearish behavior. However, Bitcoin SV (BSV) stood out, gaining 1% in the past hour.

The post Crypto Prices Today: Bitcoin (BTC) and ETH Maintain Stability Following US Jobs Data appeared first on coinpress.

As the crypto market faces challenges, Shiba Inu price holds firm above the $0.00002 support level. Despite recent corrections, including Bitcoin (BTC) falling below $100,000, SHIB remains resilient. In 2024, it saw significant gains driven by bullish trends. As January 2025 approaches, investors speculate on SHIB’s potential for a new rally amid market recovery efforts.

Can Shiba Inu Price Hit New Highs in January 2025?

The Shiba Inu price has recently faced a downturn, recording a 20% decline over the past month, which has stirred concerns among its community about the potential outlook for 2025. 

Despite this recent setback, SHIB investors remain optimistic, as the token’s performance surged by over 130% in 2024. This impressive rally raises the possibility of SHIB reaching new heights in January 2025.

Market analysts suggest that a resurgence in BTC, potentially surpassing the $100k mark, could spark a broader rally across the cryptocurrency market, including Shiba Inu.

 Additionally, increasing activities by SHIB whales purchasing more tokens during the dip could indicate a preparation phase for an upcoming rally. These large-scale purchases often signal significant upcoming price movements.

Furthermore, the momentum in other leading meme coins such as Dogecoin, Pepe, Pingu, and WIF could also contribute to SHIB’s rise. The community is also buzzing with excitement about new developments, including the launch of governance tokens and the upcoming TREAT initiative, which aims to enhance the token’s blockchain utility.

With the U.S. presidential inauguration set for January 20th, the political climate may also play a role in the crypto market dynamics, potentially influencing Shiba Inu’s price trajectory as the month progresses.

Analyst Predicts Continued Surge for SHIB Price

Crypto analysts indicate that the Shiba Inu price is still in a significant breakout phase, with potential gains not fully realized yet. 

The current price action suggests a future target of $0.000081, over 261% higher than current levels. This gradual climb could extend the currency’s upward trajectory, with $0.0001553 as the next potential milestone if the trend continues upward.

Will SHIB Price Hit $0.00005 This Month?

As of Friday, January 10th, the SHIB price hovered at $0.00002168, struggling to gain momentum with a slight increase of 3.04%.  

The Relative Strength Index (RSI), currently at 42, suggests that SHIB is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) indicates a bearish trend, as evidenced by the histogram moving below the signal line.

Market analysts point to crucial resistance and support levels that could influence SHIB’s short-term trajectory. The immediate resistance lies at $0.000025, while support is found at $0.000021. 

A break beyond these boundaries could dictate the next significant move for SHIB in the coming weeks. If bulls gain more power, the Shiba Inu price prediction could hit $0.00005 in the near term.

If market conditions remain favorable, especially with potential boosts from Bitcoin’s performance and political influences, Shiba Inu might set new records in January 2025. This scenario presents a bullish outlook for SHIB as the new year unfolds, potentially reaching unprecedented highs.

The post Is Shiba Inu Price Ready to Soar to New Heights In January 2025? appeared first on coinpress.

TREAT token sees a major list ahead of its much-awaited launch on January 14. Notably, the top crypto exchange KuCoin has recently revealed its plan to list the SHIB ecosystem token on its platform, which has gained significant attention from investors. Besides, Shiba Inu top developer Kaal Dhairya highlighting the update has further sparked discussions in the market.

TREAT Token Sees Major Pre-Launch Listing

In a recent announcement, the leading crypto exchange KuCoin said that it is set to launch TREAT token trading ahead of its highly anticipated launch on January 14. The listing announcement from the leading crypto exchange has generated considerable buzz among investors, with KuCoin revealing that deposits are now open and trading will commence at 11:00 UTC on January 14.

According to the KuCoin listing announcement, the TREAT/USDT trading pair will be available, with withdrawals set to begin at 10:00 UTC on January 15. This major listing is expected to boost the token’s visibility and liquidity, setting the stage for a successful launch.

Shiba Inu Executive Shares Optimism

Top Shiba Inu executive, Kaal Dhairya, has shared the update on X with an image that reads “HERE WE GO.” This has sparked market discussions, highlighting the growing confidence of the SHIB community over the soon-to-launch TREAT token.

Notably, the market watchers have long awaited the TREAT token launch, with top experts predicting it to boost the overall ecosystem further. Notably, in a recent podcast, Shiba Inu lead developer Shytoshi Kusama revealed utilities of the Shiba Inu ecosystem tokens like SHIB, BONE, LEASH, and the upcoming TREAT. According to Kusama, the TREAT token is aimed at driving innovation and marketing strategies of the ecosystem.

How’s SHIB Tokens Are Performing?

All three Shiba Inu tokens have noted a significant upward move today amid a broader crypto market recovery. Notably, most of the top meme coins are also traded in the green today, indicating the shifting focus of the market participants towards the segment. Besides, it appears that the recent TREAT listing has also fueled the SHIB community’s confidence.

Meanwhile, SHIB price today was up 2.51% and exchanged hands at $0.00002167, while its trading volume declined 8% to $548 million. Notably, this surge comes despite the Shiba Inu burn rate noted a slump recently, which has also sparked concerns among investors.

On the other hand, BONE price surged about 4.5% to $0.463, with its one-day volume falling about 6%. Simultaneously, the Doge Killer or LEASH price recorded a jump of 4% to $264.83 after touching a 24-hour low of $248.86.

The post TREAT Token Sees Major Pre-Launch Listing, Shiba Inu Exec Highlights appeared first on coinpress.

Cryptocurrency prices today reflect a bearish trend as Bitcoin (BTC) hit a low of $92,000, while major altcoins like Ethereum (ETH) and XRP saw declines of around 2.51% and 3%, respectively. The global crypto market cap dropped by 1.68% to $3.25 trillion, with trading volumes falling 11% to $155 billion. These declines come as markets anticipate U.S. jobs data, which could impact interest rate expectations and crypto valuations. The Fear and Greed Index remains at 43, indicating neutral market sentiment amid ongoing volatility.

Crypto Prices Today: BTC, ETH, XRP, and SOL Struggle to Hold Key Levels

Bitcoin (BTC) dropped to $92,000, continuing its bearish trend, while Ethereum (ETH) fell by 2.51%. XRP declined by 3%, and Solana (SOL) recorded losses amid overall market weakness. Meanwhile, CleanSpark announced that it has mined over 10,000 BTC in its treasury, showcasing resilience despite market volatility.

Bitcoin Price Today

Bitcoin (BTC) price was trading at $93,433 after hitting a low of $91,231 earlier in the day. The leading cryptocurrency was down by 1% at the time of writing. Its market cap has once again fallen below the $2 trillion mark, now standing at $1.85 trillion. As per Coinglass data, in the last 12 hours, Bitcoin saw a liquidation of $43 million, with $33 million from long positions and $9 million from short positions.

Ethereum Price Today

Ethereum (ETH) was trading at $3,245, down 2.55% in the past 24 hours. Its 24-hour low was $3,159, while the high touched $3,341. Crypto prices today remained bearish, but a coinpress analyst suggested ETH could potentially hit its all-time high, as Fidelity deposited 103 million ETH into Coinbase, sparking fresh market interest.

XRP Price Today

XRP was trading at $2.28, reflecting a 3% drop in the last 24 hours. Its 24-hour low stood at $2.23, while the high reached $2.36. In other news, on-chain data revealed that Ripple Labs transferred 300 million XRP to an anonymous wallet, sparking concerns of a potential sell-off in the market.

Solana Price Today

Solana (SOL) was trading at $188, down by approximately 4% in the last 24 hours. Its 24-hour low was $182, while the high reached $195. The coin is facing some downward pressure, continuing the bearish trend in the broader market.

Top Cryptocurrency Gainer Prices Today

As per crypto prices today, here are the top 5 crypto gainers over the last 24 hours:

Kaia (KAIA)

Price: $0.21
24-hour gain: +3%

Litecoin (LTC)

Price: $103.93
24-hour gain: +2.15%

BitTorrent (BTT)

Price: $0.000001161
24-hour gain: +2.06%

Movement (MOVE)

Price: $0.88
24-hour gain: +2%

KuCoin Token (KCS)

Price: $10.60
24-hour gain: +1.67%

Top Cryptocurrency Loser Prices Today

As per crypto prices today, here are the top 5 crypto losers over the last 24 hours:

THORChain (RUNE)

Price: $3.27
24-hour loss: -17%

SPX6900 (SPX)

Price: $1.17
24-hour loss: -10%

Bittensor (TAO)

Price: $430.80
24-hour loss: -7.15%

Dogwifhat (WIF)

Price: $1.57
24-hour loss: -6.84%

Virtual Protocols (VIRTUAL)

Price: $3.21
24-hour loss: -6%

Meme Crypto Prices Today

Meme crypto has shown a mixed reaction as Bitcoin touched the $92K mark. Dogecoin (DOGE) was down by approximately 4%, trading at $0.326, while Shiba Inu (SHIB) was trading at the same price as yesterday, with a slight gain, now at $0.00002129.

Other top meme coins such as PEPE, PENGU, and BONK are down by approximately 4% in the last 24 hours.

U.S. Non-farm Payrolls Report: Key Market Trigger for Crypto Prices Today

The market now braces for the U.S. Non-farm Payrolls report, expected to highlight December’s job growth figures. Crypto analysts DegenDePraga predict a payroll increase between 100,000 and 125,000 jobs, which could signal that the Federal Reserve might hold interest rates steady. However, figures outside this range could trigger market volatility.

Same as the 3-day retrace on $BTC from 102k to 91k wasn’t the start of a bearmarket, this relief to 94k is not a bullish rebound.

Wait for the NFP job data at 8.30am NY time.

How to read Non-Farm Payrollls the data:

– 100-125k = very gud
– 50k-200k (outside of 100-125k) =…

— DegenDePraga (@thy_crypto) January 10, 2025

Analyst cautioned traders, saying, “whatever the number, there will be volatility first as trading bots get triggered sweeping liquidity (potentially both ways). Wait for the dust to settle. If we get 100-125k or close to that number, we may go up straight away short-term.”

On a more positive note, the hourly chart suggests some recovery, as Bitcoin and major altcoins are in the green in the last hour. AI16Z has been the top performer, up by 2% in the past hour.

The post Crypto Prices Today: Bitcoin & Major Altcoins Dip as Key Jobs Data Looms appeared first on coinpress.

The Shiba Inu community has continued their effort in reducing the token’s supply from the market but the recent burn rate drop has sparked concerns. According to recent data, the burning rate has declined significantly over the last 24 hours, with SHIB price also witnessing a similar trajectory. Now, investors are seeking further clarity over the meme coin’s future amid a topsy-turvy scenario noted in the broader market.

Shiba Inu Burn Rate Plunge 72%

Why It Matters?

The token burns are one of the closely watched developments in the crypto market. For context, the SHIB community actively burns the leading meme coin regularly to bring down the supply from the market, hoping it might help in increasing the value.

For context, the burning of tokens helps in reducing the supply of the crypto from the market. This, in turn, helps in increasing the prices creating a scarcity of supply.

Recent SHIB Burn Details

According to recent Shibburn data, the Shiba Inu burn rate declined about 71.56% over the last 24 hours. Only a total of 8.73 million SHIB tokens were burnt in this timeframe, which has sparked discussions in the market. The two highest burns from yesterday were 465,766 and 420,946, conducted by the same account “0x6d0…93d26”.

Meanwhile, a total of 410.74 trillion tokens were removed from the initial supply with this latest burn. However, despite the massive burns, the current circulating supply of the token still stands at 584.18 trillion. Notably, the token has started the year with a muted burn activity.

2024 SHIB Burn Data Fuels Optimism

Although the recent decline in the daily Shiba Inu burn rate dampens investors’ sentiment, the past year’s data reflects the strong commitment of the SHIB community. According to Shibburn’s X post, a total of 44.62 billion tokens have been destroyed from the supply through 2024.

Simultaneously, the token burns also stayed in the green over the past seven days. A recent X post showed that the SHIB burn was up 164.53% over the last seven days, with 102.86 billion tokens incarcerated.

Will SHIB Price Continues To Decline

The latest SHIB price chart showed that the crypto fell about 4.05% today and exchanged hands at $0.00002176, while its trading volume plummeted 30% to $593 million. Notably, the token hovers between $0.00002179 and $0.00002047 in the last 24 hours, indicating the strong selling pressure in the market. However, despite the plunge SHIB Futures Open Interest rose 34%, indicating a strong momentum ahead for the top dog-themed meme coin.

Besides, the recent developments within the Shiba Inu community have also fueled market optimism. In a recent podcast, Lead Developer Shytoshi Kusama commented on the utilities of ecosystem tokens like SHIB, BONE, LEASH, and TREAT. Besides, he also shared a vision of a transformation from merely a meme coin to a “Shib Network State.”

Considering that, it appears that the memecoin may regain its momentum with the broader crypto market recovery soon. In addition, the optimism further soared with the upcoming TREAT token launch on January 14. A recent SHIB price analysis also discussed the crypto’s potential to hit a new high following the TREAT launch.

The post Shiba Inu Burn Rate Slips 72%; SHIB Price To Follow Suit? appeared first on coinpress.

Shiba Inu lead developer Shytoshi Kusama has recently commented on the utility of SHIB, BONE, LEASH, and the soon-to-launch TREAT token. This has gained notable traction from the investors, as the market participants eagerly await the launch of the TREAT token, expected on January 14. Simultaneously, Kusama also unveiled a vision towards “Shib Network State” and the project’s evolution from merely a meme coin.

Shiba Inu Lead Shytoshi Kusama Reveals Utility Of Ecosystem Tokens

In a podcast titled “Meme Mania and the 36 Chambers of Tech,” Shytoshi Kusama introduced the idea of the “Shib Network State.” Drawing parallels with the Montevideo Convention’s criteria for statehood, he described Shiba Inu as a digital entity. The project leverages its four-token governance system, a large global community, and a virtual territory.

A Closer Look Into SHIB, BONE, LEASH & TREAT Utilities

Shytoshi Kusama outlined the distinct roles of each token in the network: SHIB governs the community, BONE oversees technology, LEASH manages judicial matters, and TREAT drives innovation and marketing. This system enables decentralized decision-making, fostering active participation within the Shiba Inu ecosystem.

Besides, he also clarifies the strategic roles of the ecosystem tokens. Beyond their governance roles, they collectively empower the project’s transition into a robust decentralized system. SHIB, as the core community token, ensures grassroots engagement. BONE’s focus on technology drives scalability and security.

On the other hand, LEASH governs rules and regulations within the ecosystem. Finally, the soon-to-launch TREAT token promises to foster innovation and lead marketing efforts.

Shib Network State Vision

The Shiba Inu lead emphasized that the project’s ambition is to make Web3 as seamless as Web2, offering user-friendly technology for a global audience. “Our aim is to evolve Shiba Inu into a technologically advanced and accessible ecosystem,” he shared, emphasizing the project’s commitment to inclusivity and innovation.

As the Shib Network State evolves, Shiba Inu positions itself not just as a cryptocurrency but as a decentralized entity redefining blockchain utility and community governance. This evolution signals a promising future for its ecosystem and holders.

Shib Army Remains Strong

The “Shib Army,” estimated at over six million members, forms the project’s population. Shytoshi Kusama noted that on-chain data revealed many more holders than initially anticipated, especially during events like the FTX collapse.

Meanwhile, Shiba Inu’s territory takes a digital form, encompassing its metaverse and domain assets like “shib.com.” This digital infrastructure acts as a virtual homeland for the Shib Army, providing spaces for interaction and growth. Its multi-chain capabilities also enable seamless token movement across blockchains, establishing connections with other decentralized ecosystems.

A Closer Look Into The Prices

The leading meme coin slipped today amid a broader crypto market crash. SHIB price today fell about 10% to $0.00002165, while its trading volume rose 78% to $864 million. Notably, the crypto has touched a 24-hour high of $0.00002389, reflecting the heightened selling pressure in the market.

BONE price also recorded a dip of 10.5% to $0.4523, after touching a 24-hour high of $0.5061. On the other hand, LEASH token price dropped 5% to $263.09, with its trading volume rocketing 134% to $2.03 million.

The post Shiba Inu Lead Shytoshi Kusama Defines Utility Of SHIB, BONE, LEASH, & TREAT appeared first on coinpress.

The Shiba Inu community has reverberated a strong market buzz across the broader crypto sector on Monday, confirming the TREAT token launch date. Notably, the coin’s marketing lead, Lucie recently revealed that the token launch is set to take place just 8 days ahead. In turn, market participants are now immensely enthusiastic about the overall performance of SHIB in the coming days.

Shiba Inu Community Discloses TREAT Token Launch Date

A significant buzz across the Shiba Inu community has prevailed as the week kicks off, primarily as renowned community members spotlighted the TREAT token launch date. According to an X post by Lucie as of January 6, the upcoming token launch is set to occur on January 14. This statement has sparked noteworthy market optimism surrounding the renowned dog-themed meme token’s ecosystem.

Notably, Shytoshi Kusama previously confirmed the TREAT token launch this month, as reported by coinpress. Following the ‘SHIB: The Metaverse’ launch recently, this looming development has added optimism to the leading dog-themed token‘s endeavors.

However, flagging the upcoming launch, Kusama also warned against potential scams. Overall, the community members have unveiled the launch date, reverberating substantial optimism among traders and investors globally. Also, the upcoming token is also much-touted to be a revolutionary endeavor for the Shiba Inu ecosystem. As a result, market participants are also bullish, anticipating gains in SHIB price.

What’s Ahead For SHIB?

At the time of reporting, SHIB price traded at $0.00002409, down marginally by 0.22%. Its 24-hour low and high were 0.00002346 and $0.00002424, respectively. Despite the volatile intraday movement, market watchers remain optimistic about future movements in light of recent developments and the TREAT token launch. Notably, despite the slump in price, CoinGlass data showed that SHIB Futures Open Interest rose over 3% today.

Simultaneously, a recent Shiba Inu coin price analysis by coinpress revealed that the coin eyes an extended consolidation ahead. This uncertain prediction comes against the backdrop of recent market technicals and whale movements.

Nevertheless, traders and investors are extensively eyeing the coin for further price action shifts amid recent ecosystem developments. In addition, the recent shifting focus toward the top meme coins has further fueled speculations over a potential rally ahead.

The post Shiba Inu Community Unveils TREAT Token Launch Date, Here’s When appeared first on coinpress.

The dynamic realm of crypto has closed another week, primarily with remarkable developments unfolding across the broader sector. While Shiba Inu (SHIB) saw remarkable community advancements, Binance unveiled a stockpile of token listings, sparking market discussions. Simultaneously, with the broader market showcasing signs of recovery as 2025 commences, this week proved to be buzzworthy.

So, let’s delve deeper into some of the top crypto market updates reported by coinpress over the past week.

Shiba Inu (SHIB) Sees Notable Advancements

The renowned dog-themed meme coin Shiba Inu has emerged as the talk of the crypto market this week, witnessing a landmark development followed by constant token burns and a price upswing. The token’s lead developer, Shytoshi Kusama, confirmed that the TREAT token launch lies shortly ahead, sparking considerable optimism across the SHIB ecosystem.

Intriguingly, the launch remains much awaited by community participants, much touted to be a revolutionary endeavor. Simultaneously, the continuous SHIB burn has added to investor enthusiasm surrounding the digital asset. coinpress spotlighted that the meme coin even eyes 45% gains ahead, primarily against the backdrop of Shiba Inu burn rate surge and strong market trends. Overall, market watchers optimistically eye the token, expecting imminent future gains.

Binance’s Crypto Listings Echo Buzz

On the other hand, crypto exchange giant Binance’s listing chronicles have garnered substantial attention this week. Notably, the leading crypto exchange expanded support for a stockpile of tokens.

coinpress reported that Binance expanded trade offerings for DOGE, SHIB, and PEPE this week, sparking optimism over the coins’ future prices. Particularly, the platform’s P2P division expanded support for new trading pairs for the mentioned tokens in selected fiat zones across Africa.

Simultaneously, the exchange also unveiled major support for PHA and DF coins this week. Notably, Binance announced new perpetual contracts for Phala Network (PHA) and dForce (DF) tokens with up to 75x leverage, adding to its market chronicles.

Meanwhile, it’s also noteworthy that the exchange secured a major regulatory approval in Brazil this week. Binance has bagged regulatory approval from the Central Bank of Brazil, allowing it to acquire a licensed broker-dealer in the region. Overall, these chronicles have gained significant traction amid the exchange’s rising success, with investors optimistic about the future prices of the mentioned tokens amid enhanced offerings.

Crypto Market Recovery Sparks Hope

Simultaneously, Bitcoin and top cryptocurrency prices have shown signs of recovery as 2025 kicked off, sparking market discussions globally. BTC price witnessed gains worth 3% over the past seven days and closed the week at the $98K level. ETH price witnessed gains worth 8% over the past seven days to close the week at $3,647. Simultaneously, XRP’s price was noted to be up 10% weekly, closing at $2.402. As a response, market sentiments in Q1 2025 remain highly bullish.

Notably, the top cryptos enjoy renewed market interest, as also indicated by recent events. Microstrategy again announced plans to raise up to $2 billion in an effort to purchase more BTC.

Simultaneously, Ethereum whale accumulation amid the recent market dip saw a substantial rise. This saga has added another bullish tint to top crypto prices amid a broader market recovery.

In addition, the Ripple community saw notable developments, with bets of an XRP ETF soaring. coinpress reported that Polymarket data flagged a 70% probability of a potential Ripple ETF approval in the U.S. This saga has garnered significant optimism toward the leading crypto.

Also, Ripple’s RLUSD stablecoin was recorded flipping its core rivals in 24-hour trading volume this week. Overall, the abovementioned news emerged as some of the most buzzworthy crypto market updates over the past week.

The post Crypto Market This Week: SHIB, Binance Listings, & Market Recovery Spark Buzz appeared first on coinpress.

As Shiba Inu price gains traction, the popular memecoin has drawn attention due to its impressive market activity. Over the past week, SHIB has rallied by 10%, fueled by increasing investor optimism amid a widespread cryptocurrency recovery. With Bitcoin climbing past $97,000, analysts point to two critical charts that indicate SHIB’s price might double in the weeks ahead.

2 Key Charts Hint at a Massive Surge for Shiba Inu Price

Shiba Inu price is showing signs of a bullish breakout as its price action forms a textbook cup-and-handle pattern. This classic bullish setup indicates the possibility of a significant upward move in the near term.

The daily SHIB chart reveals a gradual decline followed by a steady recovery, completing the “cup” formation. The neckline resistance stands firmly at $0.00003287, a critical breakout level for bullish confirmation. The “handle” phase is currently unfolding as the price consolidates below the neckline.

The SHIB price sits at $0.00002435, reflecting a 62.53% recovery from its October low of $0.00002054. If the price breaks above the $0.00003287 neckline, the projected target for the pattern points to $0.00005339, offering a potential upside of 62%.

On the downside, the red demand zone between $0.00002000 and $0.00001800 provides robust support. If the price dips into this zone, a strong bounce could reinforce the bullish outlook.

For SHIB to maintain bullish momentum, it must close above the neckline with strong volume. A failed breakout or rejection at this level could lead to further consolidation. Conversely, sustained buying pressure could propel SHIB toward its ultimate target of $0.00005339 by mid-2025. 

Analyst Highlights Bullish SHIB Outlook, Targets Key Levels

A crypto analyst has highlighted a promising technical setup for the top meme coin on the weekly chart. According to the analyst, the chart displays a “super clean” structure, indicating potential bullish momentum for the token.

The chart analysis shows SHIB currently holding above a key support level at $0.021. This level has acted as a solid foundation after recent price retracements. The analyst is eyeing $0.054 as a significant resistance level in the coming weeks. 

Further upside potential includes a major resistance zone near $0.066, which aligns with historical price activity from 2021. A successful breakout above $0.066 could potentially open the door for continued gains in the Shiba Inu price Forecast.

The weekly candlesticks indicate a recovery phase, supported by trending upwards moving averages. However, caution remains as the market consolidates just above its critical support. 

SHIB enthusiasts and investors, particularly those referencing meme coin ecosystems like PEPE, are hopeful for upward momentum. Whether SHIB can achieve these targets will depend on broader market sentiment and buying pressure in the coming months.

Shiba Inu price shows promising bullish signals, driven by technical patterns and market sentiment. A breakout above critical levels could trigger substantial gains, rewarding patient investors in the coming months.

The post Shiba Inu Price: 2 Key Charts That Predict a Possible Price Surge appeared first on coinpress.

Shiba Inu lead developer Shytoshi Kusama nabbed substantial market interest on Saturday, hinting that the TREAT token launch lies shortly ahead. In a recent X post, the lead developer indicated that loads of work needed to be done in a few days for the launch, echoing a market buzz surrounding the dog-themed meme token. In turn, market participants are now eagerly awaiting the token launch, with traders and investors further taking a bullish stance on SHIB’s long-term prospects.

Shiba Inu’s Shytoshi Kusama Indicates TREAT Launch Shortly Ahead

In an official X post dated January 4, Shiba Inu lead Shytoshi Kusama stated, “Have the TREAT launch and two extremely important papers to complete, so I’m stepping away from X for a few days.” This statement has sparked noteworthy market optimism with soaring anticipation of the TREAT token launch ahead. Although Kusama guaranteed that he would return soon, the statement appears to have hinted towards a significant milestone for SHIB.

Notably, Kusama confirmed the TREAT token launch earlier, which has further cemented sentiments of a looming token launch. Meanwhile, the launch follows another remarkable development, SHIB: The Metaverse’ launch, adding to market optimism on future movements.

Simultaneously, the constant Shiba Inu burns have dealt a phenomenal blow to the circulating supply. Following the law of supply and demand, market watchers anticipate phenomenal gains in the top dog-themed meme token.

Is 45% Gains Imminent For The Token?

At the time of reporting, SHIB price witnessed gains worth 5% intraday and is currently trading at $0.00002426. Its 24-hour low and high were $0.00002319 and $0.00002585, respectively. Intriguingly, many anticipate the current rally was also fueled by Shytoshi Kusama’s statement on TREAT.

Moreover, a recent SHIB price analysis by coinpress revealed that the token eyes 45% gains ahead, primarily against the backdrop of strong market technicals. The analysis revealed that a bullish move would see Shiba Inu coin rise and retest the resistance at $0.00003270. This level is approximately 45% of the current price level.

In turn, market watchers extensively eye SHIB rally, especially with the recent statement of the Shiba Inu lead Shytoshi Kusama regarding the TREAT token launch. On the other hand, the current rally in the broader crypto market, alongside the top meme coins, has further fueled sentiment. Notably, a top market expert has recently shared bullish price targets for Pepe Coin, SHIB, DOGE, and others, which signals a robust meme coin rally ahead.

The post Shiba Inu Lead Shytoshi Kusama Reveals TREAT Token Launch Plan appeared first on coinpress.

Cryptocurrency market today is bullish, with Bitcoin rallying to $98K from $92K in a single surge. The rally comes as Bitcoin marks its 16th anniversary. Internet Computer (ICP) and EOS became the top gainers for today, each recording a 15% price surge. Most of the top 20 altcoins traded in the green over the last 24 hours.

The global cryptocurrency market cap rose by 2.31%, reaching $3.49 trillion. Trading volume also grew by 2%, now at $123 billion. The Fear and Greed Index hit 60, up from 50 last week, reflecting growing market optimism.

Cryptocurrency Prices Today: BTC, ETH, XRP, and SOL Maintain Positive Momentum

Bitcoin (BTC) price rallied to $98K, showing strong bullish momentum. Ethereum (ETH), XRP, and Solana (SOL) also gained, with most major cryptos trading in the green. The cryptocurrency prices today reflect a stable upward trend across key digital assets.

Bitcoin Price Today

Bitcoin price was trading at $98,267, up 1.26% in the last 24 hours. Its 24-hour low and high were $96,079 and $99,003, respectively. MicroStrategy announced plans to raise more capital for additional Bitcoin purchases, boosting investor confidence.

BTC ETF saw a significant inflow of $908 million on Jan 3. Fidelity led the purchases with $356 million, followed by Ark & 21Shares at $222 million, Bitwise at $61 million, and Grayscale at approximately $9 million. BlackRock contributed $253 million to the inflows. Crypto prices today continue to reflect strong interest in Bitcoin investments.

Ethereum Price Today

Ethereum (ETH) price was trading at $3,596, reflecting a 4% increase in the last 24 hours. Its 24-hour low and high were $3,422 and $3,628, respectively. ETH’s market cap stands at $433 billion, with a trading volume of $21 billion over the past 24 hours.

According to SoSo Value data, ETH ETF recorded an inflow of $58.9 million. Fidelity led the purchases with $27 million, while Grayscale sold $2 million worth of ETH ETFs.

XRP Price Today

XRP price was trading at $2.47, showing a 2% increase over the last 24 hours. Its 24-hour low and high were $2.40 and $2.50, respectively. The trading volume saw a 12% drop, now standing at $6 billion.

Solana Price Today

SOL price was trading at $216, marking a 5% rise in the last 24 hours. Its 24-hour low and high were $206 and $217, respectively. Rumors of an airdrop for Solana Phantom Wallet users have sparked excitement within the community, driving positive sentiment. The cryptocurrency prices today shows increasing interest in Solana, contributing to its strong performance.

Meme Cryptocurrency Prices Today

The meme cryptocurrency market today displayed strong momentum, with most top meme coins trading in the green. Dogecoin (DOGE) surged by 14% and was trading at $0.39, while Shiba Inu (SHIB) saw a 9% rise over the last 24 hours. Other notable meme coins like BONK, PEPE, and WIF gained between 5% to 15%. However, Pudgy Penguins (PENGU) bucked the trend and remained in the red, making it one of the few exceptions in the meme coin rally.

Top Cryptocurrency Gainers Prices Today

Internet Computer

ICP price was trading at $12.39, reflecting a significant 15% surge in the last 24 hours. Its 24-hour low and high were $10.80 and $12.53, respectively. The market cap stands at approximately $6 billion, with a trading volume of $315 million.

EOS

EOS price was trading at $0.93, showing a notable 15% rise in the last 24 hours. Its 24-hour low and high were $0.81 and $0.95, respectively.

Top Cryptocurrency Losers Prices Today

FTX Token

FTX Token (FTT) emerged as the worst performer today, dropping 9% in the last 24 hours. Its 24-hour low and high were $3.43 and $3.82, respectively. Meanwhile, FTX has begun the process of distributing funds to creditors under its Chapter 11 Plan of Reorganization, signaling progress in the ongoing recovery efforts.

Virtual Protocols

VIRTUAL price was the second-worst performer today, slipping by 6% in the last 24 hours. Its 24-hour low and high were $4.117 and $4.43, respectively. The market cap stands at $4.18 billion, with a trading volume of $468 million.

Besides this, the hourly chart shows bullish momentum, with Bitcoin and major altcoins trading upward in the last hour. Analysts from coinpress reported that 2025 is expected to be the year of ETFs, sparking discussions on which crypto ETF will secure approval first.

The post Cryptocurrency Prices Today Jan 4: Bitcoin at $98K, ICP and EOS Surge 15% appeared first on coinpress.

Crypto exchange Binance has again echoed a frenzy across the broader sector on Friday, expanding trade offerings for some of the leading meme coins. Notably, the firm revealed that it will expand support for Dogecoin (DOGE), Pepe Coin (PEPE), and Shiba Inu (SHIB) tokens, primarily enhancing trade offerings in the African region. As a result, crypto market participants are speculating whether the enhanced offerings could positively impact the prices ahead.

Binance Expands Trade Offerings For DOGE, PEPE, & SHIB Igniting Optimism

In an official announcement by Binance P2P, the crypto exchange revealed that it is expanding support for new trading pairs in selected fiat zones across Africa. Particularly, trading for DOGE, PEPE, and SHIB tokens is now enabled against certain African fiat currencies. These fiat currencies potentially include ETB, GHS, KES, RWF, TZS, UGX, XAF, XOF, and ZAR.

The platform’s colossal user base remains poised to directly buy and sell these trading pairs using various local payment methods on the P2P division. Overall, the enhanced trade offerings pave the way for further money inflow into the top meme coins as it enhances their global market visibility. In turn, traders and investors remain optimistic about the coins’ future price movements, supported by sentiments of a bull cycle continuation in 2025.

Meanwhile, the positive or expanded offerings from the leading crypto exchanges like Binance often boost the investors’ sentiment. Having said that, it appears that the cryptocurrencies are gearing up for a potential rally ahead with the extended offerings.

How Are The Meme Coins Performing?

In tandem with Binance’s announcement, DOGE price today witnessed gains worth 1% and traded at $0.3382. The coin’s 24-hour low and high were $0.3351 and $0.3442, respectively. Notably, the weekly chart for the token underscored gains worth 7%.

Simultaneously, SHIB price witnessed gains worth 2.5% intraday and is now trading at $0.00002278. The coin’s 24-hour low and high were $0.00002215 and $0.00002294, respectively. Intriguingly, even Shiba Inu’s weekly chart indicated gains worth 5%.

Lastly, the latest PEPE price showed an increase of 0.5% to $0.00002026. The coin’s 24-hour low and high were $0.00002008 and $0.00002113, respectively. Even the frog-themed meme coin’s weekly chart indicated gains worth 14%.

Altogether, market watchers anticipate further gains in the assets, primarily attributable to Binance’s enhanced trade offerings. Moreover, in another marvelous saga, the crypto exchange secured major regulatory approval in Brazil. Overall, the leading crypto exchange continues to solidify its standing across the sector, tapping into emerging markets and offering revolutionary trade offerings globally.

The post Binance Expands Support For DOGE, SHIB, PEPE; Will These Meme Coins Rally? appeared first on coinpress.

The renowned dog-themed meme token Shiba Inu captured noteworthy market attention on Friday, witnessing a remarkable surge in the SHIB burn rate. Notably, intraday burn statistics flagged a whopping 1500% uptick, primarily against the backdrop of over 30 million tokens destroyed. In turn, crypto market participants are now speculating whether Shiba Inu price could hit a $0.001 target this month.

SHIB Burn Rate Shoots Up 1500% Echoing Market Optimism

As per a recent X post by the community’s official tracker Shibburn, the SHIB burn rate was up 1550%, underscoring a massive hit to the circulating supply. Per the data shared, 33.01 million coins were burnt in the past 24 hours, aiding the burn rate uptick.

For context, the Shiba Inu token burn mechanism primarily focuses on permanently reducing the asset’s circulating supply. As a result, market participants anticipate a bullish impact on the top meme coin’s future movements, aligning with the law of supply and demand.

Simultaneously, weekly burn statistics indicated that 44.03 million tokens were taken out of the supply, adding to market optimism surrounding the asset. Also, recent ecosystem developments have further aided the leading dog-themed meme coin in retaining its bullish stance across the market.

coinpress reported that the crypto’s lead developer, Shytoshi Kusama, recently confirmed the TREAT token launch. This chronicle, expected to support the broader ecosystem substantially, remains much awaited in the market. Simultaneously, the Shiba Inu price also remains extensively eyed by market watchers in anticipation of considerable gains in 2025, primarily in the wake of community advancements and constant SHIB burns.

Price To Hit $0.001 This Month?

SHIB price today showcased gains worth 2% intraday and is currently resting at $0.00002264. The meme coin’s 24-hour low and high were $0.00002198 and $0.00002294, respectively. Notably, the rising price trajectory aligns with the remarkable surge in the SHIB burn rate, as mentioned above.

Moreover, a recent Shiba Inu price analysis by coinpress further rationalized a $0.001 price target for the token, looming for this month. Breaking through the critical resistance level of $0.000025 remains highly pivotal for the crypto. Besides, the broader ecosystem developments and rising adoption of Shibarium have further weighed the scales towards the bullish side of the coin. As the supply continues to shred in the interim, a $0.001 price target appears to be scalable ahead, as market experts also expect a bull cycle continuation in 2025.

The post SHIB Burn Rate Soars 1500% As Shiba Inu Price Eyes Rally To $0.001 appeared first on coinpress.

Shiba Inu price is gaining attention as a top market expert suggests the token could see a 260% rally in the coming months. Following a bearish phase that saw Shiba Inu fall by more than 37% from its December highs, market analysts now believe the meme-inspired cryptocurrency may be poised for a strong recovery.

Amid this consolidation phase, a whale has withdrawn $4.63 million worth of Shiba Inu from Binance, sparking speculation of a potential upward movement.

Shiba Inu Price Eyes Rally Amid Soaring Whale Activity

A major transaction involving Shiba Inu has caught the attention of the crypto community. A whale, dormant for five months, withdrew 220 billion SHIB tokens worth $4.63 million from Binance. This significant move came amid Shiba Inu’s struggle to reclaim the $0.000025 price level during the holiday season.

Data from IntoTheBlock indicates that Shiba Inu faces two key sell walls preventing it from reaching the $0.00003 range. The first resistance zone, between $0.000023 and $0.000024, involves 42,310 addresses holding 60.44 trillion SHIB.

A larger sell wall lies between $0.000024 and $0.000030, where 208,010 addresses purchased 70.35 trillion SHIB. These walls have repeatedly hindered the token’s SHIB price recovery, resulting in pullbacks and sharp declines.

What’s Next For SHIB?

Shiba Inu price has recently entered a consolidation phase after a volatile period. The token is currently trading within a tight range of $0.00002100 to $0.00002300.

Analysts view this consolidation as a potential setup for an upward breakout, especially due to the recent surge in SHIB burn rate and if the broader crypto market shows signs of recovery.

The token’s recent price action aligns with technical analysis suggesting it has found support at $0.00002. This level has been critical in preventing further declines, even as bearish trends persist. RSI and MACD indicators suggest that SHIB price may be regaining bullish momentum, with RSI currently at 56.81, leaning towards a neutral to slightly bullish outlook.

Analyst Predicts 260% Shiba Inu Price Rally

Crypto analyst Javon Marks has identified “textbook bull signals” in Shiba Inu’s price chart, suggesting a strong rally may follow. According to Marks, the token recently broke through a long-term resistance trendline and retested it as support during its recent pullback. This breakout behavior often signals the beginning of an upward trend.

Marks predicts Shiba Inu price could rise to $0.000081 in the short term, representing a 260% gain from current levels. He also noted the presence of hidden bullish divergence, where price forms higher lows while momentum indicators form lower lows. This pattern indicates underlying strength in the asset. “Shiba Inu is holding above its breakout zone, which is a positive sign for potential growth,” Marks stated in his analysis.

Shiba Inu price must overcome two major resistance levels to sustain a bullish rally. The first target is $0.00003, a zone where the token has faced significant selling pressure in previous attempts. If SHIB breaks through this barrier, analysts believe it could reach $0.000081, the next key resistance.

Marks also identified a long-term SHIB price target of $0.000155, a price level that represents an unprecedented high for Shiba Inu. He believes this target could be achievable if market conditions improve and broader bullish trends return.

The post Here’s Why Shiba Inu Price Can Rally 260% appeared first on coinpress.

Crypto market today showed bullish momentum as Bitcoin (BTC) crossed $95K after dipping to $92K. Stellar (XLM) emerged as the top gainer, surging 26% in the last 24 hours. IOTA followed with a 20% rise during the same period.

Major altcoins like XRP and Cardano recorded gains of over 10% in the past 24 hours. The global crypto market cap increased by approximately 2%, reaching $3.34 trillion. However, trading volume declined by 16% to $92 billion. As the holiday season concludes, a rise in trading volume is anticipated by next week.

Bitcoin Leads the Crypto Market Today with Ethereum, XRP, and Solana Following

Bitcoin (BTC) price led the crypto market today, recovering to $95K with increased trading activity. Ethereum (ETH) recorded a modest 1% gain, while XRP surged by 15%, reflecting strong bullish momentum. Solana (SOL) also posted a 4% increase, maintaining positive sentiment among top altcoins.

Bitcoin Price Today

Bitcoin (BTC) price was trading at $95,089, marking a 1% increase in the last 24 hours. Its 24-hour low and high were $92,965 and $95,506, respectively. Meanwhile, citizens are pushing for the Swiss National Bank to adopt Bitcoin, signaling growing support for cryptocurrency adoption.

As per CryptoQuant, the Bitcoin exchange reserve has dropped to 2,377,205.13, reflecting a 24-hour decrease of 0.25% and a 7-day decline of 2.09%. This continued fall in exchange reserves suggests lower selling pressure in the market.

Ethereum Price Today

Ethereum (ETH) price was trading at $3,394, reflecting a 1% increase in the last 24 hours. Its 24-hour low and high were $3,316 and $3,405, respectively. The trading volume decreased by 20%, currently standing at $16 billion.

XRP Price Today

XRP price today was trading at $2.414, reflecting a 15% increase in the last 24 hours. Its 24-hour low and high were $2.09 and $2.44, respectively. Pro-crypto lawyer John Deaton has shared insights on XRP’s price target, drawing attention in the crypto market today.

Solana Price Today

Solana (SOL) price today was trading at $198, showing a 4% surge in the last 24 hours. Its 24-hour low and high were $188 and $199, respectively. Trading volume decreased by 12%, now standing at $2.84 billion.

Top Crypto Gainer Prices Today

Stellar

XLM price today was trading at $0.43, making it the top gainer with a 26% surge in price in the last 24 hours. Its 24-hour low and high were $0.33 and $0.45, respectively. The market cap increased by 28%, now standing at $13.16 billion.

IOTA

IOTA price today was trading at $0.347, reflecting a 20% increase in the last 24 hours. Its 24-hour low and high were $0.28 and $0.355, respectively. The market cap stands at $1.24 billion, reflecting the positive momentum in the crypto market today.

XDC Network

XDC price today was trading at $0.087, showing a 19% increase in the last 24 hours. Its 24-hour low and high were $0.071 and $0.0883, respectively, reflecting a strong upward trend in the crypto market today.

Top Crypto Loser Prices Today

UNUS SED LEO

LEO price was trading at $8.75, showing a 3.23% decline in the last 24 hours. It was the worst performer among the top 100 coins by market cap, with a market cap of $8.12 billion.

PEPE and Bitget Token (BGB) were also among the losers today. PEPE dropped by 2%, while BGB fell by around 1.5% in the last 24 hours.

Meme Crypto Market Today

Meme cryptocurrencies are showing positive momentum, with Dogecoin (DOGE) up by 4%, now trading at $0.33. Crypto analyst Master Kenobi predicts that Dogecoin price could rally to $1.2 if it breaks its ATH by the end of January. Similarly, Shiba Inu (SHIB) price was also up by 4%, now at $0.00002191. Other notable meme coins like AI16Z and PENGU also showed gains in the last 24 hours.

Besides, the hourly chart is also showing positive signs, with Bitcoin (BTC) and major altcoins up by approximately 1%. Virtual Network (VIRTUAL) surged by 3% in the last hour, reflecting growing momentum in the crypto market today.

The post Crypto Market Today January 2: Bitcoin Recovers, XLM Surges 26%, IOTA Rises 20% appeared first on coinpress.

The renowned dog-themed meme coin SHIB has again sparked substantial investor optimism as 2024 comes to a close. On Tuesday, market data flagged a roughly 250% uptick in the Shiba Inu burn rate, adding bullishness to the coin’s future movements as the supply takes a hit. In turn, market participants are now anticipating phenomenal gains in the asset ahead, with many believing that SHIB price is readying for a breakout.

Shiba Inu Burn Rate Surges 250%, Igniting Bullishness Surrounding SHIB Price

As per the latest data from the official burn tracker Shibburn, the Shiba Inu burn rate witnessed a 243% surge intraday as 1.71 million tokens were destroyed. Notably, the burn rate surge adds a bullish tint to the coin’s future movements, abiding by the law of supply and demand.

For context, the dog-themed meme coin’s burn mechanism focuses on permanently reducing the circulating supply. The SHIB burn mechanism sends tokens to a null address, making their recovery impossible. As a result, market participants expect a bullish impact on SHIB price ahead as the supply declines.

Meanwhile, other broader ecosystem developments have added to optimism about the crypto’s long-term prospects. The coin’s lead developer, Shytoshi Kusama, recently confirmed the TREAT token launch, sparking investor curiosity surrounding SHIB price. Also, the community saw the launch of the ‘SHIB: The Metaverse’ platform, enhancing the project’s market visibility. Overall, in light of the abovementioned advancements, crypto enthusiasts are eyeing the meme coin extensively.

What’s Next For SHIB?

Shiba Inu price today slipped nearly 2% and traded at $0.00002114. Its 24-hour low and high were $0.00002052 and $0.00002182, respectively. Notably, the waning SHIB action aligns with the broader market trend. Nevertheless, long-term prospects for the crypto shine with bullishness, attributable to recent ecosystem developments and the surge in the Shiba Inu burn rate.

Intriguingly, top crypto analyst Ali Martinez on X spotlighted a significant support zone between $0.0000215 and $0.0000193 for the token. A maintained close above this level underscores the potential for further gains.

Also, a recent Shiba Inu price analysis by coinpress revealed that a $0.0001 price target awaits amid strong market technicals. Market watchers are thoroughly monitoring the crypto, expecting it to achieve unprecedented levels in 2025.

The post Shiba Inu Burn Rate Soars 250% Signaling SHIB Price Breakout Ahead? appeared first on coinpress.

The renowned dog-themed meme coin SHIB raised significant concerns among crypto market participants on Monday, as evidenced by the recent dip in Shiba Inu price. Recent market statistics underscored a highly volatile trading session for the meme token, primarily attributable to a declining burn rate and broader trends.

Here’s a brief report on why SHIB price cracked over 3% intraday, spreading apprehensiveness among traders and investors globally.

Here’s Why Shiba Inu Price Is Falling

The Shiba Inu token statistics indicate that the dog-themed meme crypto is facing the heat due to a broader volatile market trend post-U.S. Fed’s hawkish stance with rate cuts and a holiday sentiment brewing. It appears that investors are keeping their distance from the crypto sector amid the holiday mood, reflecting a waning risk-bet appetite. This has weighed on the top meme coins, as evidenced by the recent performance of DOGE, PEPE, and others.

Further, even the Shiba Inu burn rate witnessed a 90% decline at the time of reporting, with only 606K tokens burnt. The decline in the burn rate, indicating no substantial reduction in the circulating supply, further aligns with the coin’s waning price action amid a turbulent market.

Simultaneously, Coinglass data showed that the meme coin witnessed a substantial drop in futures OI amid the recent market turbulence. SHIB futures OI dropped to $51.84 million as of December 30, indicating a considerable drop in market interest for the asset. This OI drop, coming in tandem with the Shiba Inu price dip, further rationalizes the current momentum.

What’s Next For SHIB?

At the time of reporting, SHIB price cracked 3% in the past 24 hours and is currently trading at $0.00002154. Its intraday low and high were recorded as $0.00002124 and $0.00002239, respectively. Notably, the waning price trajectory falls in line with the aforementioned statistics. However, the token’s intraday trading volume soared 25% to $398.15 million, indicating traders still remain optimistic about the asset despite the market volatility.

Simultaneously, a recent Shiba Inu price analysis by coinpress reveals that a $0.0001 price target might be possible by January 2025, given Bitcoin and the broader market recovery. If the bullish momentum makes a comeback, the coin could break the $0.00009 resistance level shortly ahead. Moreover, a push above this level might trigger a rally toward $0.00009, with an ultimate target of $0.0001 looming. Nevertheless, market watchers should trade cautiously amid the recent volatile trend.

Further, ecosystem developments such as SHIB: The Metaverse launch and a looming TREAT token launch have added to a bullish long-term perspective for the token.

The post Why Shiba Inu Price Is Dropping Today? appeared first on coinpress.

Crypto prices today showed Bitcoin (BTC) trading below $94,000, reflecting a bearish trend across the market. Altcoins continued their declines, adding to the overall pressure. FTX Token (FTT) led the gains with a 7% price surge after FTX announced claims processing would begin on January 3, with $16 billion in cash set to be repaid.

Tether (USDT), the largest stablecoin by market cap, risks removal from European exchanges due to MiCA non-compliance. The December 30, compliance deadline has raised concerns among market participants.

The global crypto market has declined by approximately 1.5% over the last 24 hours, standing at $3.29 trillion. However, trading volume saw a 12% rise, reaching $90 billion.

Here’s a brief overview of some leading cryptocurrencies by market cap and their crypto prices today, December 30.

Crypto Prices Today: BTC Falls Below $94K, XRP, and SOL Drop Amid Market Pressure

Crypto prices today saw Bitcoin (BTC) falling below $94,000, marking a sharp decline. Michael Saylor hinted at buying more Bitcoin through his recent post on X, sparking investor interest. Ethereum (ETH) was the only coin in green, registering a 1% price surge amid the market downturn.

Bitcoin Price Today

Bitcoin price was trading at $93,400, with a 1.3% drop in the last 24 hours. Its 24-hour low and high were $93,079 and $95,341, respectively. However, trading volume surged by 40%, reaching $32 billion.

According to SoSo Value, BTC ETF recorded a weekly inflow of $387 million last week, indicating renewed institutional interest. In other news, Bitcoin’s clean energy usage has exceeded 50%, highlighting its progress in sustainability. Elon Musk had previously stated he might accept BTC for payments, leaving the community eager for updates.

Ethereum Price Today

Ethereum (ETH) price was trading at $3,421, reflecting a 1% surge in the last 24 hours. Its 24-hour low and high were $3,327 and $3,434, respectively. ETH ETFs saw a weekly inflow of $349 million, second only to BTC ETFs.

However, concerns loom as coinpress analysts warn of a potential $2,600 crash. This follows a massive inflow of 110K ETH into exchanges, signaling possible sell pressure.

XRP Price Today

XRP price was trading at $2.12, marking an approximate 3% drop in the last 24 hours. Its 24-hour low and high were $2.076 and $2.197, respectively.

Solana Price Today

Solana (SOL) price was trading at $192, reflecting a 1% drop in the last 24 hours. The crypto prices today for SOL revealed a 24-hour low of $188.73 and a high of $197.59, showcasing slight volatility.

Top Crypto Gainer Prices Today

FTX Token

FTX Token (FTT) price was trading at $3.75, showing a 10% rise in the last 24 hours. The crypto prices today for FTT recorded a 24-hour low of $3.416 and a high of $3.826, reflecting strong upward momentum.

Ethena

Ethena (ENA) price was trading at $1, showing an approximate 6% price surge in the last 24 hours. Its 24-hour low and high were $0.91 and $1.01, respectively. Trading volume surged by 45%, reaching $352 million, indicating increased market activity.

Moreover, KuCoin Token (KCS) and Virtuals Protocols (VIRTUAL) have seen gains of 1% to 3% in the last 24 hours. This indicates a positive trend amid the ongoing market fluctuations.

Top Crypto Loser Prices Today

Bitget Token

BGB token became the top loser for today, with an approximate 20% loss in the last 24 hours. Its 24-hour low and high were $6.01 and $7.85, respectively, while trading volume surged by 47%, reaching $1.34 billion.

Pudgy Penguins

PENGU price dropped by 10% and is currently trading at $0.032. Its 24-hour low and high were $0.031 and $0.036, respectively. Despite the recent drop, crypto prices today show that PENGU has surged by 500% in the last month.

Movement (MOVE), OKB, and Beam (BEAM) have seen a drop of approximately 5% in the last 24 hours, reflecting a slight downturn in their prices.

Besides this, the hourly chart is also showing downward momentum, with Bitcoin price down by 0.23%. Other major altcoins are showing a similar pattern, each down by approximately 1% in the last hour.

The post Crypto Prices Today: BTC Drops Below $94K, Altcoins Continue to Decline appeared first on coinpress.

The dynamic realm of crypto has concluded yet another week, primarily with attention-nabbing developments witnessed across the industry. Despite soaring market optimism in light of investors expecting a bullish Q4, top cryptocurrency prices have encountered volatility. Nevertheless, meme coin Shiba Inu has retained a bullish stance, witnessing remarkable community developments.

Here’s a brief collection of some of the top crypto market updates reported by coinpress Media over the past week.

Bitcoin & Top Crypto Remain Turbulent

BTC price closes the week at the $94K level, a mark indicating that the coin reversed recent gains. However, long-term prospects for the asset are still bullish as market participants reflect a buy-the-dip sentiment.

Despite a volatile action, American company KULR announced that it purchased $21M worth of BTC, sparking market optimism. However, Bitcoin ETFs have seen slight outflows this week, sparking an uncertain investor sentiment.

It’s noteworthy that Japan has rejected a Bitcoin National reserve proposal amid the recent volatile trend, sparking market speculations. Nevertheless, Robert Kiyosaki has given a bold prediction for BTC price, proclaiming it to hit $350K by 2025. Although recent market trends reflect volatility, market watchers remain optimistic about future movements in the wake of the abovementioned news.

On the other hand, coinpress reported that despite the turbulence in the broader sector, even Altcoins are seeing remarkable gains ahead. Notably, popular market expert Titan of Crypto hinted towards a bullish path ahead for the crypto market. In addition, renowned crypto expert Michael van de Poppe also remained bullish on the altcoin market’s future.

Overall, market watchers are eagerly awaiting a market recovery in the coming days, with the bull run expected to continue in 2025.

Shiba Inu Sees Remarkable Community Advancements

Meanwhile, the renowned dog-themed meme crypto SHIB has seen remarkable community developments. Shiba Inu lead developer Shytoshi Kusama confirmed the TREAT token launch earlier this week. Simultaneously, the community also witnessed ‘SHIB: The Metaverse’ launch this week.

In addition, Shibarium addresses crossed the 2 million mark, adding to market optimism surrounding the meme coin. Also, the SHIB burn saga has continued reducing the token’s circulating supply, paving a bullish path for future movements.

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