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Shiba Inu ended 2024 on a strong note, showing signs of significant upward momentum. Crypto analyst Javon Marks has identified key indicators that suggest that the asset is set for a substantial rally in the coming months. As of now, the token is trading at $0.00002242, reflecting a 7.9% increase in the last 24 hours. Marks has pointed out that the token recently surpassed a major resistance trendline that had been holding back its price growth. Following this breakout, SHIB reached a seven-month high of $0.00003329 earlier in December. However, the rally was followed by a corrective phase, during which the asset retraced most of its gains. This correction saw the token revisit lows around $0.0000186, erasing much of its earlier progress. Despite this pullback, Marks noted that the asset successfully retested its breakout level as a new support zone. Since then, it has rebounded and is currently consolidating in the $0.000022 range. Marks considers this development a strong bullish signal, emphasizing that the asset’s ability to hold above the breakout level sets the stage for continued upward movement. Price Projections Javon Marks has set an optimistic price target of $0.000081 for Shiba Inu, which would represent a more than 270% increase from its current trading levels. This price point marks a critical area where SHIB faced significant resistance during its previous market cycle. Marks has consistently identified $0.000081 as a key target for the token throughout 2024 and maintains confidence that the token will eventually reclaim this level. In addition to this projection, he has suggested that Shiba Inu could reach as high as $0.000155 during the current bull market. This higher target represents an unprecedented price level for the token, signaling the potential for significant gains if market conditions remain favorable. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Hidden Bullish Divergence One of the factors supporting the bullish outlook for the digital asset is the presence of hidden bullish divergence on its price chart. This phenomenon occurs when the asset’s price forms higher lows while momentum indicators display lower lows, indicating underlying strength and potential for further upward movement. Marks has highlighted this divergence as a critical component of Shiba Inu’s bullish narrative. Combined with the asset’s ability to maintain its position above the key breakout level, this divergence reinforces the case for continued price growth. With Shiba Inu holding above crucial support levels and displaying robust bullish signals, analysts are optimistic about its near-term performance. Marks’s target of $0.000081 reflects significant growth potential, while his higher projection of $0.000155 suggests even greater opportunities for long-term investors. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Highlights SHIB Bullish Momentum, Predicts Rally to $0.000081 appeared first on Times Tabloid .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
2 cryptocurrencies to reach a $100 billion market cap in Q1 2025
Bitcoin ( BTC ) surpassed the $100,000 psychological barrier for the first time in 2025, rallying to $101,184 at press time. This surge highlights growing momentum in the cryptocurrency market, fueled by anticipation of pro-crypto policies under President-elect Donald Trump , who is set to take office in two weeks. Meanwhile, the global cryptocurrency market cap has risen to $3.76 trillion, reflecting a 1.9% increase over the last 24 hours. In this bullish environment, several altcoins are approaching key milestones, with some nearing the $100 billion market cap threshold, positioning themselves for potential breakouts in the coming weeks. Finbold has identified Dogecoin ( DOGE ) and Cardano ( ADA ) as cryptocurrencies on track to surpass the $100 billion market cap milestone by the end of Q1 2025, reflecting their strong market performance and growing investor confidence. Dogecoin (DOGE) Dogecoin, currently priced at $0.3877 with a market cap of $57.19 billion, is well-positioned to reach a $100 billion market cap in Q1 2025. Recent data from CoinGlass reveals a surge in investor activity, with open interest rising by 39.91% to $4.08 billion and options open interest soaring by 103.95%. This sharp increase in demand signals growing market confidence and positions DOGE for a potential bullish breakout. Dogecoin price and market cap. Source: CoinMarketCap Whale activity has further reinforced this bullish sentiment, with over 1.08 billion DOGE accumulated , indicating market optimism. Historical trends suggest Dogecoin has the potential for exponential rallies, with technical indicators highlighting interim targets at $0.50, $1, and beyond. Trading volume, now at $6.06 billion, combined with a short squeeze that liquidated $6.64 million in short positions, has added to the upward pressure on DOGE’s price. With its strong community backing, growing adoption, and the ability to capitalize on meme-driven popularity, Dogecoin could realistically break resistance levels to hit a $100 billion market cap, translating to a price of approximately $0.677. Cardano (ADA) Cardano, currently priced at $1.10 with a market cap of $38.67 billion, has demonstrated remarkable momentum as it leads the crypto market recovery in the early days of 2025, gaining over 30% in just the first few days of the year. Cardano price and market cap. Source: CoinMarketCap This rally has been fueled by a combination of network advancements, including the introduction of the CIP-113 proposal , which aims to bring programmable assets, enhanced security, and smart accounts to the ecosystem. This could potentially enable Cardano to support stablecoins , securities, and real-world asset tokenization. Supporting this bullish outlook, the data from DefiLlama shows Cardano’s Total Value Locked (TVL) in DeFi has surged by 26% over the past week to reach $580.2 million, aligning closely with its price increase. This indicates that ADA’s rally is driven by organic demand rather than speculative trading, laying a solid foundation for sustainable growth. To reach a $100 billion market cap in 2025, ADA’s price would need to rise to approximately $2.84. This target appears achievable given Cardano’s strong trajectory and its performance relative to the broader market recovery, where it has outpaced other major cryptocurrencies like Bitcoin and Ethereum ( ETH ). Technical indicators also reinforce this bullish outlook, with projections pointing toward a potential breakout from a bull pennant pattern, targeting a price level of $3. With its robust network developments and increasing adoption, Cardano is well-positioned to achieve this milestone in 2025. With an expanding ecosystem and increasing market confidence, these two cryptocurrencies are well on their way to achieving significant milestones in the coming weeks. Investors should keep a close eye on these assets as they navigate through the volatility and capitalize on the potential gains ahead. Featured image via Shutterstock The post 2 cryptocurrencies to reach a $100 billion market cap in Q1 2025 appeared first on Finbold . TimesTabloid
Riot stock gains 3% after mining update: holds 17,722 BTC
Riot Platforms, Inc. shared its December 2024 production update. The company mined 516 Bitcoin in December, a 4% increase from November. Riot Platforms achieved a 4% monthly production increase and completed the first phase of its Corsicana Facility while holding… TimesTabloid
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