- SHIB price has apparently decided to break free from its year-to-date gloomy, falling channel—because why be predictable? 🐕🔥
- The TRUMP token did a double-take rally on Wednesday, causing memecoin FOMO to spread faster than gossip in Ankh-Morpork. 🎩💥
Bitcoin (BTC) has been flexing its muscles, kissing $92k like it just found a magic coin purse, sparking a frenzy among memecoins. Official Trump (TRUMP) token did a cheeky double in value on Wednesday, waking up the memecoin party animals: Floki, Pudgy Penguin (PENGU), Dogecoin (DOGE), and of course, everyone’s favorite doggo, Shiba Inu (SHIB).
According to market magic cooked up by Binance-backed Coinmarketcap, memecoin trading volume shot up over 102%, reaching the eye-watering sum of about $13.3 billion at the time of writing—enough to make a troll’s beard curl with envy.
What’s Next for SHIB? Can It Channel Its Inner Discworld Wizard?
SHIB’s price dance has mimicked Ethereum’s fractal pattern over the last twelve months—like a bad wizard copying spells without reading instructions. This mid-cap beast, boasting a valuation near $7.9 billion and a daily trading volume around $290 million, had been stuck in a gloomy channel for two quarters, probably pondering life and chew toys.
Over the past three months, SHIB has apparently been practicing its reversal spell—a mysterious inverse head and shoulders pattern (sounds like a fancy hat, doesn’t it?), coupled nicely with a bullish Relative Strength Index (RSI) smirk on the daily charts.
The MACD indicator is on the verge of flipping from grumpy to happy, suggesting SHIB’s price might rocket up at least 100 percent soon. Or it might not. Wizards and market analysts rarely promise more than a shrug.
That said, if SHIB dips back below its comfy falling channel, all bets are off, and we might see sadness in doge eyes again. 🐕😭
The Grand Market Prognosis
Once just a meme chasing tails, Shiba Inu has now grown up (sort of) into a utility-focused project thanks to Shibarium, the layer two scaling solution that whispers sweet scalability promises in the ears of blockchain fans.
Over 18 DeFi projects have popped up on Shibarium, with ShibaSwap and WoofSwap leading the pack like eager puppies in a race for your attention. TVL (the fancy crypto way to say “money piled up”) has crept up to about $2.3 million, which, while not enough for a dragon hoard, is still nothing to sneeze at.
The buzz of on-chain activity is helping Shiba Inu burn tokens daily—because what’s hotter than dogecoin, right? This small token pyre has the potential to increase value for holders lucky enough to sit through the chaos without chasing squirrels.
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2025-04-24 01:55