Ali Raza
Shiba Inu is bearish today after dropping by 2.5% in the last 24 hours. The meme coin is reversing after making significant gains in the past month. SHIB has rallied by 44% in the past month, and it was trading at $0.00001165 at the time of writing.
SHIB price prediction
The cryptocurrency market has made significant gains since the beginning of the year. The total market capitalization remains above $1 trillion, but the top coins by market capitalization are showing signs of reversing in the last 24 hours.
SHIB has traded between $0.00001165 and $0.00001217 in the last 24 hours, with trading volumes of more than $281 million. The bears seem to be taking control, with more dips likely to be seen as the market support is also weakening.
If another decline is on the way, a drop to $0.000009 is likely. It appears that profit takers have started dumping after SHIB hit a three-month high. The selling pressure could see the token declining further if the broader market fails to show signs of sustaining the recent uptrend.
The daily chart shows that the sellers are currently in control, as SHIB has a Relative Strength Index (RSI) of 40. The MACD line shows a bearish trend because of the sharp price drop.
While indicators point toward more price dips, on-chain data signals that a bull reversal could be on the way. According to the Shibburn tracker. SHIB has reported a 540% increase in the number of tokens burned in the last 24 hours. However, the number of tokens burned remains notably small compared to the total circulating supply of the meme coin.
One of the greatest tests for the comeback in the cryptocurrency market this year is the upcoming FOMC meeting. The meeting is slated to happen this week, and if the Fed eases the interest rates, SHIB, alongside the rest of the cryptocurrency market, will make significant gains.
Altcoins with potential for 10x gains
As SHIB’s volatility increases as profit takers start selling, a few altcoins are garnering interest and showing potential for profits.
Fight Out
Fight Out is in one of the best presales of 2023. Fight Out is transforming the move-to-earn sector by giving users access to personal training services. These services are affordable and paid for using the native FGHT token.
The Fight Out presale is already a resounding success, as more than $%3.62 million has already been raised. The presale is priced at 1 FGHT = 0.01825 USDT. The presale is scheduled to end on March 31, with the team providing April 5 as the date for the CEX listing. FGHT price will increase as the sale progresses, giving early investors an advantage.
Meta Masters Guild
Meta Masters Guild plans to release play-to-earn and Web3 games to boost the gaming experience. Meta Masters Guild will release the first mobile game during the third quarter of 2023. MEMAG is the native token for the project, and it will provide governance, staking, and buying in-game items.
The MEMAG presale is garnering interest, and it has already raised more than $2 million and is currently in the fourth stage. The price is expected to increase again in ten days, and investors are rushing to buy at the current low prices.
C+Charge
C+Charge is a platform bringing blockchain-based payment mechanisms for EV owners. Users on this platform will receive carbon credits whenever they make an initial charge on their EVs. CCHG is set to emerge as one of the greenest cryptos due to its role in lowering carbon emissions.
The C+Charge presale is successful, and more than $460,000 has been raised. Given that the carbon credits market is expected to witness significant growth in the coming years, CCHG is set to report gains in the long term.
Related
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Love Hate Inu - Next Big Meme Coin
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This article was written for Business 2 Community by Ali Raza.
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