The latest Shiba Inu news is all about SHIB trying its best to stay afloat, all while fighting the negative market factors trying to weigh it down. The asset has long been exploring new low-price realms, with the SHIB doing all it can to hold on tight as extended support continues to expand in the form of steady whale accumulation and burns. Shiba Inu’s price trajectory has always been different. The stats are now hinting at further SHIB price upheaval before the altcoin picks up pace to hit a new ATH.
Also Read: Dormant Ethereum Whale Moves $393 Million ETH After 9 Years
Shiba Inu: What’s Happening
Shiba Inu is currently sitting at a price level of $0.000007675, down 2% in the last 24 hours. The CMC data shows how the asset has lost 54% in the last year and is now exploring its lowest price levels as of now. But the token also exhibits a strong sense of recovery as the markets are yet to favor the altcoins.
The highly anticipated altcoin season is one of the most awaited developments, which may end up changing fortunes for SHIB. But before that, analysts are continuing to back SHIB, adding how the token is made for more, all while predicting a new price level of $0.000032 for the asset to claim.
“Price breakout has followed the bullish divergences in $SHIB. An over 246% run to the $0.000032 divergence targeted area can be getting initiated here with the price breakout and additional bull divergence… (Shiba Inu).”
The Ecosystem Heads Are Back Online
In the middle of the currency market chaos, Shytoshi Kusama is back online with a new AI whitepaper. This new development comprises Kusama’s work on AI and its real-world application, which could be a game changer for Shiba Inu in general. Kusama’s arrival already helped SHIB surge 3%, proving the theory of how the ecosystem is currently well and thriving.
“Shytoshi Kusama reappeared Monday after a three-month “dark phase” to unveil an independent AI technology project. The SHIB price surged 3.29% to $0.000007698 following the announcement, with trading volume reaching $94.15 million.” As shared by SHIB Magazine on X
Shiba Inu News: A Novel Price Trajectory Under Works
According to CoinCodex SHIB data, Shiba Inu may continue to explore low price levels, hitting $0.000007654 by the end of January. However, it may slowly start to pick up pace, hitting new price highs worth $0.00009011 by February.
According to Flitpay, the token may eventually reach a new high of $0.007653 by 2030, eventually establishing its own pace and price narratives.
Credit: Source link
