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Meme cryptocurrency Shiba Inu ( SHIB ) is experiencing a short-term price correction. However, technical indicators suggest that the token may be gearing up for a rebound, with analysts pinpointing critical levels that could support a potential upward surge. SHIB one-week price chart. Source: Finbold At the time of writing, Shiba Inu is trading at $0.00002173, recording a 0.72% decline over the past week and extending its monthly losses to over 19%. Despite the recent pullback, the token remains up by an impressive 110% year-to-date, showcasing its resilience amid broader market fluctuations. Technical analysis and key levels to watch According to the analysis by Rose Premium Signals , SHIB’s price action is currently testing critical support levels that have historically preceded upward surges. Currently trading at $0.00002173, SHIB has slipped below the 0.618 Fibonacci retracement level at $0.00002230, signaling persistent bearish pressure. However, the 0.786 Fibonacci retracement level at $0.00002170 now serves as a crucial support zone, potentially acting as a springboard for a rebound. SHIB price analysis chart. Source: Rose Premium Signals / X If SHIB manages to hold above $0.00002170 and reclaim the $0.00002230 level, it could pave the way for a recovery targeting the short-term resistance at $0.00003265. Beyond this, the token faces intermediate resistance at $0.00003870, with a long-term bullish target at $0.00004349, marking a potential 100% surge from current levels if bullish momentum sustains. On the flip side, a failure to hold the support at $0.00002170 may expose the token to further downside risks. Adding to the optimism surrounding Shiba Inu, analyst Javon Marks has also emphasized the token’s bullish technical setup, predicting it could climb to $0.000081 under favorable conditions. Such a rally would represent a 3.33-fold increase, translating to an impressive 234% gain from its current levels, as reported by Finbold. Ecosystem developments drive optimism Shiba Inu’s prospects are not solely tied to technical indicators but also to its network-specific developments that could catalyze future growth. The network’s layer-two scaling solution, Shibarium, has proven to be a game-changer, achieving significant milestones since its launch last summer. On 25, Shibarium surpassed 700 million total transactions, highlighting its effectiveness in improving transaction efficiency and adoption across the ecosystem. In addition, Shiba Inu is expanding its market presence with plans to introduce a stablecoin pegged at $0.01. This development will potentially enhance SHIB’s utility within the broader cryptocurrency ecosystem, unlocking new growth opportunities. Furthermore, the upcoming launch of the TREAT token, intended as a reward token within the ecosystem, is expected to provide multifaceted utility, further strengthening the network’s appeal and solidifying its long-term growth potential. AI predictions and investor outlook The bullish outlook is gaining further traction, with AI-driven projections suggesting the token could climb as high as $0.000081 while maintaining a base-case target of $0.000045 if steady growth persists. These projections, coupled with the ongoing ecosystem growth and technical analysis, paint a cautiously optimistic picture for Shiba Inu’s future. That said, investors should approach with caution, balancing the coin’s speculative nature against its evolving ecosystem and growth potential. While SHIB’s ambitious projections and milestones offer significant upside, careful monitoring of key technical levels and broader market conditions remains essential. Featured image via Shutterstock The post Shiba Inu (SHIB) eyes 100% rally: Key levels to watch for long-term breakout appeared first on Finbold .
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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.
Here’s How Many Shiba Inu (SHIB) Tokens Got Burned in 2024
TL;DR Shiba Inu’s circulating supply was reduced last year due to the billions of burned tokens. SHIB’s price is up 115% on a yearly scale, thanks to numerous potential factors, such as the burning mechanism, Shibarium’s progress, and others. The Burning Goes on The popular meme coin initially had a total supply of a whopping one quadrillion tokens. At launch, 50% of the amount was locked into the decentralized exchange Uniswap to provide liquidity, while the remaining half was sent to Ethereum’s co-founder Vitalik Buterin. The computer programmer later donated trillions of SHIB to the India COVID-Crypto Relief Fund and other charity organizations. Eventually, he burned the remaining 410 trillion SHIB tokens, worth approximately $6.7 billion at the time . Buterin’s initiative was followed by an imminent price rally for the dog-themed meme coin. After all, fundamental principles of economy dictate that reducing the circulating supply combined with non-declining demand should be followed by a pump. In 2022, the Shiba Inu team officially adopted a burning mechanism that enables the community to send tokens to a dead wallet voluntarily. According to a recent post , over 44.6 billion SHIB, worth a little more than $1 million, were destroyed throughout 2024. While the USD equivalent of the stash might not sound that impressive (considering the fact that it stretches over the span of 12 months), continuous efforts in that field will make the meme coin more scarce and potentially more valuable. Meanwhile, the burn rate has jumped roughly 100% in the past 24 hours, resulting in nearly 1.9 million SHIB sent to a null address. SHIB Price Outlook Reducing the circulating supply of the meme coin throughout 2024 could be one reason why its price has charted a solid increase of 115% between January 1 last year and the beginning of 2025. SHIB Price, Source: CoinGecko Other factors include the booming cryptocurrency market, more particularly the meme coin niche, and the further advancement of Shibarium. The layer-2 scaling solution, which aims to foster the development of the Shiba Inu ecosystem, blasted through numerous milestones last year. Around Christmas, the total transactions processed on the protocol exceeded 700 million, while prior to that, wallet addresses crossed 2 million. The post Here’s How Many Shiba Inu (SHIB) Tokens Got Burned in 2024 appeared first on CryptoPotato . Finbold
Pump AI Challenges Virtuals, Focuses on Solana AI Agents with Meteora
Dubai, United Arab Emirates, January 2nd, 2025, Chainwire Pump AI aims to be a major driving force for adopting Meteora via its advanced AI-powered token generation ecosystem. The protocol enables anyone to create, manage, and issue tokens with a few AI prompts. This approach eliminates technical roadblocks like coding and blockchain adoption. Similar to what Virtuals and Pump Fun have already accomplished. Pump AI Has Major Backers and Integrations Industry leaders support Pump AI. The protocol has secured backing from Meteora, Ape Terminal, M3M3, and Cherry so far. Additionally, the project works directly with multiple bots including Photon, Maestro, and Banana Gun. These partnerships ensure new user flow. Pump AI is the New Meta for Token Launches Pump AI is the first and only AI-powered launchpad in the Meteora ecosystem. This liquidity layer for Solana has 300K+ active users and has helped the network expand its performance and developer community. Notably, Meteora is more than just integrating Pump AI, it’s one of its main backers. Due to this positioning, Meteora will help funnel its hundreds of thousands of daily users to Pump AI. This user flow will operate similarly to how PumpFun drew users from Raydium. The support from Meteora will drastically lower the average per-user acquisition cost for Pump AI and provide Pump AI with a major user catalyst and on-ramp. Pump AI is a Bonding Curve Launchpad Pump AI provides additional features for new projects seeking to enter the market. For one, it has variable bonding curves, or set marketcaps needed to open on Meteora. This structure allows token issuers to determine a preset value for their pool to hit before going live on the Meteora exchange. Notably, Pump AI can handle thousands of token launches, potentially equaling hundreds of millions in fees generated daily. Pump AI Leverages Meteroa’s DLMM and M3M3’s Staking Tech Pump AI integrates Meteora’s unique DLMM system for potential liquidity. The system pays out rewards generated from slippage and spreads derived from token liquidity. Additionally, the M3M3 stake-to-earn protocol rewards namecoin stakers for their potential liquidity and encourages long-term staking. What’s Next for Pump AI Pump AI plans to accelerate development and expand its ecosystem. Key upcoming milestones include its Token Generation Event, the release of the AI powered Launchpad, partnerships with more industry leaders, and collaborations with AI developers across the tech space. $PUMPAI Token has Multiple Streams of Value $PUMPAI is a versatile digital asset that operates as the main utility and rewards token for the ecosystem. Notably, trading fees from Pump AI go towards buybacks that get added to treasure troves. This strategy allows stakers to secure Pump Points, granting access to treasure troves containing $PUMAI tokens. Additionally, Pump AI will use a portion of all fees collected on the platform to buy back and burn $PUMPAI tokens. About Pump AI Pump AI is a leading Bonding Curve (set marketcap) Launchpad on the Meteora ecosystem, enabling projects to launch with customizable curves, high-throughput capacity, and integrations with Meteora’s advanced DLMM for optimized liquidity and user incentives. Pump AI leverages M3M3 staking technology to allow projects to easily enable staking and LP farming on Meteora’s DLMM. Meteora’s DLMM system allows people to earn $SOL rewards from the liquidity around their token as long as it’s paired with $SOL. Website: https://PumpAI.ag/ Twitter: https://x.com/pumpdotai Telegram: https://t.me/PumpdotAI Contact Founder Muhammad Ali Pump AI support@pumpai.ag Finbold
