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Why Shiba Inu Is About to See a Powerful 150% Rally to $0.000074, According to One Analyst

Okoya David
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While Shiba Inu is experiencing a 10% decline today, a bold analyst has argued that SHIB could double to near its all-time high soon.

Amid the ongoing market downturn, bullish outlooks continue to flood the space as proponents expect the market momentum to continue well into 2025. In the latest instance, one analyst has suggested that Shiba Inu (SHIB) could be on the brink of a powerful rally.

Shiba Inu Price at a Key Level

According to market analyst “PouyanTradeFX,” the price of Shiba Inu (SHIB) is at a critical level. 

In an analysis shared on TradingView on Thursday, PouyanTradeFX opined that SHIB is testing a trendline that has hounded it since 2021.

Per a weekly candle chart shared by the analyst, the meme coin first entered this downtrend after it hit its all-time high of $0.00008616 in October 2021 and first revisited it in March 2024 when it surged to a high of $0.00004567.

Chart showing PouyanTradeFX's analysis
Chart showing PouyanTradeFX’s analysis. Source: TradingView

According to PouyanTradeFX, SHIB could surge over 150% from current prices around $0.00002795 to highs around $0.000074 if it manages to break this years-long downtrend. On the other hand, the analyst noted that the token risked a 62% free fall to $0.000011 should the trendline hold.

PouyanTradeFX is one of many analysts who have shared a bullish outlook on SHIB in the past few days.

SHIB Price Set to Erase Another Zero?

On Tuesday, December 11, “Crypto ELITES” shared an analysis suggesting that SHIB’s price could be set to erase another zero. Specifically, the analyst contended that the token’s price looked set to surge nearly 1,700% from current prices to about $0.00047905, citing a cup and handle chart pattern on the asset’s weekly chart.

The analyst noted a key metric that could support this rally is a continued decline in Bitcoin Dominance, signaling a rotation of capital from the digital asset market leader to altcoins and memes. Bitcoin Dominance has fallen sharply from highs of 61.5% in November to 56.5% at the time of writing.

The recent bullish views around SHIB come despite its 200% price gain over the past year.

US Bitcoin and Ethereum ETFs Hit Fever Pitch as Inflow Streaks Extend to Double Digits

Elendu Benedict
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US Bitcoin and Ethereum ETFs Hit Fever Pitch as Inflow Streaks Extend to Double Digits

Inflows into the US Bitcoin and Ethereum ETFs have surged to insane levels as the funds record double-digit streaks.

The blossoming positive sentiments around the crypto ecosystem have massively reflected in the inflows into the US crypto spot exchange-traded funds (ETFs).

Data shows that the investment funds have recently seen increased traction, specifically since Donald Trump’s November 5 election victory.

Bitcoin Spot ETFs Record 11 Consecutive Inflow Streaks

Per Sosovalue, the Bitcoin ETFs extended their inflow streak to eleven days on Thursday after a single-day positive flow of $597.57 million. With the inflow yesterday, the Bitcoin products have attracted $4.89 billion since their last outflow on November 26.

Meanwhile, the BlackRock iShares Bitcoin Trust (IBIT) led inflows yesterday, buying a staggering 4,295 BTC ($431.6 million). The issuer recently crossed the $50 billion threshold, with Thursday’s inflow taking its net asset to $53.44 billion.

The Grayscale Bitcoin Mini Fund (BTC) and the Bitwise Bitcoin ETF (BITB) also saw substantial capital flows yesterday, with the former recording a single-day inflow of $110.76 million. Notably, BITB bought 510 BTC ($61.45 million), its highest acquisition in a week.

With these inflows, the Bitcoin investment products have seen a cumulative total net inflow of $35.17 billion. The ETFs now hold Bitcoin worth $112.55 billion, accounting for 5.68% of Bitcoin’s circulating cap.

Ethereum Spot ETFs on a Two-Week Streak

Interestingly, Ethereum ETFs have outpaced Bitcoin’s length of inflow streak as the funds start to gain momentum. Notably, the investment vehicle tracking Ethereum’s performance has awakened to incessant inflows after underperforming upon market debut earlier in the year.

Yesterday’s $273.67 million single-day inflow extended the funds’ streak to 14 days. During the record consecutive positive flows, the ETFs have attracted $2.22 billion, accounting for over 99% of their cumulative inflows.

BlackRock’s dominance in the crypto ETF space extends to Ethereum spot products, as the issuer attracted $202 million yesterday. The fund alone has recorded a cumulative inflow of $3.19 billion, with a large part of it neutralized by incessant sales from the Grayscale Ethereum Trust (ETHE).

Concurrently, the Grayscale Ethereum Mini Trust (ETH) and the Fidelity Ethereum Fund (FETH) recorded a net inflow of $73.22 million and $19.42 million, respectively. Notably, inflows from other issuers were enough to cover ETHE’s $22.83 million outflow.

In the meantime, Bitcoin trades at $100,067 while Ethereum exchanges hands for $3,887 per coin.

SUI Hits All-Time High with Record $555M DEX Volume, Eyes $6.61 Target

Albert Brown
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SUI Hits All-Time High with Record $555M DEX Volume, Eyes $6.61 Target

Will the bullish technical setup in SUI lead to a $5 breakout rally amidst improving network performance and growing demand?

With a new all-time high of $4.87, SUI is inching closer to the $5 psychological mark. A bullish trend is in play, and SUI’s decentralized exchange volumes are hitting record highs.

With a market cap of $13.56 billion, SUI ranks as the 16th largest cryptocurrency in the market. Despite the intraday pullback, its 30-day returns of 58% make it a high-performing token.

SUI Price Performance

On the 4-hour chart, SUI’s price action reveals a rising channel pattern. The price trend within the channel showcases a massive V-shaped reversal, testing the overhead trendline.

This resulted in a new all-time high for SUI at $4.8790. Currently, the SUI price is experiencing a minor pullback after testing the resistance trendline.

SUI price chart
SUI price chart

As per the trend-based Fibonacci levels, the bullish recovery failed to maintain dominance above the 78.60% Fibonacci level at $4.83. This resulted in a close dip to the 61.80% Fibonacci level at $4.46.

The pullback brought the SUI price down to a low of $4.54, maintaining dominance above the $4.50 psychological mark and avoiding a retest of the Fibonacci support. This indicates a crucial demand zone between $4.46 and $4.54.

Meanwhile, the price trend reveals a small recovery, with SUI currently trading at $4.633. Despite the strong recovery, the minor pullback has brought the MACD and signal lines closer together, warning of a potential bearish crossover.

Additionally, the RSI line has dropped from the overbought zone and is testing the 14-day SMA line.

SUI DEX Volume Hits $555M

Amid the recent price surge, SUI has set a new 24-hour high for decentralized exchange volume. At $555 million, SUI has entered the list of the top 5 chains by 24-hour volume for the first time in its history.

This highlights SUI’s growing presence in the DeFi space and its ability to attract both builders and users.

SUI Price Targets

Based on the technical setup and Fibonacci levels, a bullish continuation will likely test the overhead trendline, potentially leading to a breakout rally. In such a case, potential price targets are $5.28 and $6.61.

These price targets are derived from the 100% and 161.80% Fibonacci levels. On the other hand, a drop below the 61.80% Fibonacci level would test the critical 50% level at $4.21.

Bitcoin Eyes Breakout Rally to $107K Amid $597M ETF Inflows

Albert Brown
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Bitcoin Eyes Breakout Rally to $107K Amid $597M ETF Inflows

Will the rising inflows into U.S. Bitcoin spot ETFs drive an inverted head-and-shoulder breakout rally to $107K?

Despite increased price fluctuations near the $100,000 mark, Bitcoin maintains an overall optimistic trend. Currently, Bitcoin is trading at $100,053, just shy of the $2 trillion market cap.

Technical setups indicate underlying bullish sentiment, suggesting a potential breakout rally.

Bitcoin Price Analysis

On the 4-hour chart, Bitcoin’s price trend shows a bullish breakout from a triangle pattern. However, the rally failed to surpass the critical local resistance at $101,642.

The supply zone now serves as the neckline of a bullish setup. Bitcoin’s price action is forming an inverted head-and-shoulder pattern and is currently in the process of forming the right shoulder.

Bitcoin price chart
Bitcoin price chart

The minor pullback during the formation of the right shoulder is seen as a retest of the previously broken resistance trendline. With the bullish setup and the post-retest reversal potential, the sentiment remains optimistic.

This minor pullback has led to a convergence of the MACD and signal line, warning of a potential bearish crossover. However, key dynamic support levels, such as the 20 EMA on the 4-hour chart, are observing a surge in supply.

BlackRock Purchases $431.6M Worth of Bitcoin, ETF Inflows Hit $597.57M

Despite the minor pullback, institutional support continues to grow. On December 12, the total net inflow of U.S. Bitcoin ETFs reached $597.57 million. The main character in the buying spree remains BlackRock, with an inflow of $431.60 million. 

Following BlackRock, Grayscale’s mini Bitcoin ETF accumulated $110.76 million worth of Bitcoin, while GBTC sold off $48.40 million.

Bullish Setup Targets $107k

The 4-hour candle shows a 0.32% recovery, hinting at a potential reversal. If the inverted head-and-shoulder pattern breaks out bullishly, Bitcoin’s price could reach a new all-time high, surpassing the $103,102 level or the 38.20% Fibonacci retracement.

Based on the technical setup, the bull run could target $107,777. However, resistance around the 50% Fibonacci level at $106,912 may act as an intermediary target.

On the flip side, if there’s an extended pullback, the 23.60% Fibonacci level at $98,369 will be a key support level.

ChatGPT and Google Gemini Predict How High Dogecoin Price Could Rise After Trump’s Inauguration

Sam Wisdom Raphael
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ChatGPT and Google Gemini Predict How High Dogecoin Price Could Rise After Trump’s Inauguration

Popular AI chatbots ChatGPT and Google Gemini predict Dogecoin price after the inauguration of President-elect Donald Trump.

The projections come on the back of growing investor optimism around Dogecoin following Donald Trump’s victory. For context, the Nov. 5 election victory triggered a massive DOGE rally, with the meme coin now up 155% since November. 

However, currently trading at $0.40, Dogecoin’s future remains uncertain amid an ongoing consolidation phase. With this market uncertainty, speculation has emerged about its potential performance after Trump’s inauguration in January 2025. 

Interestingly, the two AI chatbots, OpenAI’s ChatGPT and Google Gemini, presented their predictions on how the original meme coin might react to the political development.

ChatGPT’s Dogecoin Price Predictions  

ChatGPT noted that Dogecoin’s trajectory will largely depend on Trump’s policies toward cryptocurrencies and the broader market sentiment during his presidency. 

The chatbot suggested that If Trump enacts pro-crypto measures, such as introducing new regulations favoring digital assets or encouraging institutional adoption, the resulting optimism could lead to massive price gains.  

ChatGPT outlined three scenarios based on potential market capitalization growth. The first scenario sees Dogecoin at a market cap $125 billion, an addition of about $65 billion from its current valuation.

In this scenario, Dogecoin’s price could reach approximately $0.84. According to the chatbot, this outcome assumes a sustenance of positive sentiment and steady interest from institutional and retail investors.  

For the second scenario, ChatGPT assumes a Dogecoin market cap of $200 billion. Should this occur, its price could rise to $1.35. This would likely demand favorable policies and an increase in community momentum.  

Meanwhile, ChatGPT says Dogecoin’s price might climb to $3.37 under a highly bullish scenario that could take its market cap to $500 billion. Achieving this would demand massive growth in adoption and investment.

Notably, ChatGPT stressed that Dogecoin’s volatile nature, coupled with its tendency to rally on hype and endorsements, makes these scenarios plausible but uncertain. The extent of any surge would depend on Trump’s actions and broader crypto market trends.  

Google Gemini’s Dogecoin Price Predictions  

Interestingly, Google Gemini took a slightly different approach. Its approach considered multiple external factors that could influence Dogecoin’s price following Trump’s inauguration next year.

The chatbot noted that in a sustained cryptocurrency bull market, with Dogecoin gaining utility as a payment method, the price could range between $1 and $2. For context, an increase in mainstream acceptance and utility would be major drivers in this scenario. 

Dogecoin Price Prediction Google Gemini
Dogecoin Price Prediction | Google Gemini

Secondly, Google Gemini spotlighted Elon Musk’s influence. It believes that if Elon Musk, a longtime Dogecoin supporter, continues to endorse the coin or integrates it into Tesla or other ventures, the price could rise to between $0.50 and $1.00. 

Further, according to the chatbot, should favorable regulations emerge as Trump takes office, they could attract more institutional investors, and Dogecoin could stabilize and rise to between $0.75 and $1.50. 

However, in a near market scenario, Google Gemini sees the market entering a bearish phase or Dogecoin losing its appeal. With this, the chatbot believes the price could drop to between $0.25 and $0.35.

Did 69% of Dogecoin Nodes Truly Crash? What We Know About the ‘DogeReaper’ Hack

Okoya David
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Did 69% of Dogecoin Nodes Truly Crash? What We Know About the ‘DogeReaper’ Hack

Over the past 24 hours, a veil of confusion has surrounded the Dogecoin (DOGE) community amid claims of a critical attack on the network.

Sequentia Network co-founder Andreas Kohl recently claimed to have taken down the bulk of the Dogecoin network. In an X post on Thursday, the Bitcoin sidechain developer took credit for a hack that supposedly took down 69% of Dogecoin nodes, leveraging a vulnerability known as “DogeReaper” that allowed anyone to crash network nodes remotely. 

The vulnerability relies on a segmentation fault in the network’s code. A segmentation fault occurs when a program attempts to access an unauthorized memory location, leading to its abrupt termination by the operating system.

However, one problem with Kohl’s claim was that the Dogecoin network appeared to run just fine. 

Chart showing Dogecoin hashrate amid the supposed attack
A chart showing the Dogecoin hash rate amid the supposed attack. Source: X

So What Exactly Happened?

As highlighted by prominent Dogecoin community member “Mishaboar,” the so-called DogeReaper vulnerability exploited by Kohl had already been disclosed and addressed in a node update released two weeks ago, with critical network participants, including miners and exchanges, quickly adopting the fix.

At the same time, Mishaboar also highlighted that the cited data was not reliable. 

Kohl had depended on Blockchair data, which showed that online nodes on the Dogecoin network had dropped from 647 to 205 following his supposed attack. According to Mishaboar, however, Blockchair‘s data is not comprehensive. To be sure, the “what-is-dogecoin.com” portal suggests that the Dogecoin network has over 14,000 nodes.

Further, Mishaboar clarifies that even with a small subset of live nodes, the Dogecoin network will be able to operate smoothly. Famed Bitcoin developer Peter Todd shared Mishaboar’s view.

The developer pointed out that even if 69% of publicly accessible Dogecoin nodes were taken down, it likely wouldn’t have any significant impact. He emphasized that it requires a tremendous amount of effort to disrupt the consensus in flood-fill networks like Dogecoin.

Interestingly, the recent confusion failed to spark market panic, suggesting strong investor conviction. At the time of writing, DOGE is experiencing a mild correction in line with a broad market decline, trading at around $0.4.

Crypto Gaining Mainstream Adoption as Spanish Bank Allocates 2% to Bitwise Aptos Staking ETP

Elendu Benedict
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Crypto Gaining Mainstream Adoption as Spanish Bank Allocates 2% to Bitwise Aptos Staking ETP

Bitwise CEO Hunter Horsley reveals that a Spanish bank has invested an impressive 2% of its holdings in the Bitwise Aptos staking ETP.

This comes as the crypto industry witnesses massive indoctrination into the mainstream financial system. Widespread adoption among countries and public firms has enhanced its course to become a leading economic vehicle.

According to Hunter Horsley, the CEO of Bitwise, the mainstream curve has just begun. In an X tweet, he insisted that cryptocurrencies would see more adoption as more crypto-savvy investors are starting to populate traditional financial institutions.

Spanish Bank Allocates 2% to Bitwise Aptos ETP

Notably, Horsley confirmed that an undisclosed Spanish bank has invested in the Bitwise Aptos staking exchange-traded product (ETP). The CEO noted that the financial institution has allocated 2% to the investment product through one of its funds.

For context, the Bitwise Aptos ETP (APTB) trades on the Swiss-based SIX exchange, offering investors alternative access to the cryptocurrency. APT is the native token of Aptos, a layer 1 blockchain that focuses on scalability and security.

The Aptos ETP tracks APT’s performance and offers additional staking rewards to holders of the investment vehicle. Furthermore, Bitwise backs the Aptos ETP with a corresponding APT in cold storage, enhancing its credibility.

Crypto Nears Mainstream Era

Remarkably, cryptocurrency is nearing mainstream adoption as Donald Trump’s stance on the sector has drawn global attention. More appealing is the US president-elect’s promise to create a US Bitcoin stockpile.

Notably, cryptocurrencies have seen massive buy-ins since then, as global investors expect the asset to thrive under the incoming US administration. The FOMO (fear of missing out) fever has caught up with countries like Russia, Brazil, and, most recently, Canada’s Vancouver city.

Nonetheless, the pent-up demand for cryptocurrencies has reflected in their prices, with Bitcoin leading a broader market bullish upsurge. Interestingly, the pioneering asset has sustainably traded above the $100,000 price mark, recording its highest-ever closing on Wednesday.

Expert Predicts Timeline for XRP Crash to $1.50 and $0.50

Sam Wisdom Raphael
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Expert Predicts Timeline for XRP Crash to $1.50 and $0.50

The Block Bull, a notable market analyst, expects XRP to crash to its November lows amid the ongoing market uncertainty.

The analyst’s commentary comes as XRP has failed to break above its current consolidation phase. Notably, this bearish turn of events is largely due to the condition in the broader crypto market, as Bitcoin (BTC) continuously reclaims and gives up the $100,000 mark. 

For context, XRP surged to a new seven-year peak of $2.9 on Dec. 3 following a 105% increase within eight days. However, this uptrend faced major resistance, leading to a massive collapse. Despite recovering from this drop, XRP has failed to retest the $2.9 peak.

The asset has since consolidated between $2 and $2.5, with occasional dips below the $2 mark. Amid this phase, The Block Bull believes XRP’s mid-term outlook is bearish, and a sharp drop could ensue from the current position.

XRP Could Begin Its Downtrend Today?

According to him, XRP could start collapsing from today. Following his analysis yesterday, XRP closed the day with a 2.34% drop, breaking the winning streak that began on Dec. 10. However, XRP has shown mild resilience this morning, trading flat at press time. 

In his commentary, The Block Bull predicted that the forthcoming XRP collapse could result in a crash to $1.5 by next week. It bears mentioning that since XRP crossed the $1.5 level on Nov. 29, it has not revisited this price mark.

Interestingly, the market analyst still does not expect XRP to maintain the support at $1.5. According to him, a further slump could ensue, potentially pushing XRP back to the $0.5 level between Christmas and New Year. For context, XRP battled $0.5 for most of 2022 and 2023, but eventually conquered it in November 2024.

Pivotal Support Level to Watch

In a subsequent disclosure, The Block Bull stressed that the $2.2 support is the decisive point for XRP. He contended that if the altcoin loses this level, it does not boast any more significant support until $1.5, which in itself is weak. At press time, XRP trades for $2.34, above the $2.2 support.

Notably, XRP followed a path similar to The Block Bull’s projection during its 2017 uptrend. After soaring 284% in March 2017, XRP collapsed 44% in the first week of April 2017 before eventually recovering to hit the ATH of $3.3 months later. As XRP changes hands at $2.34, a drop to $1.5 would mark a 35% crash and $0.5 would represent a 79% slump.

However, several XRP proponents have challenged the market analyst’s projections, confirming their optimism in XRP’s potential. This confidence possibly stems from the imminent launch of Ripple’s RLUSD stablecoin, broader market conditions, and the regulatory stance of the forthcoming Donald Trump administration.

Trump-Inspired World Liberty Financial Buys Millions Worth of LINK and AAVE Again

Elendu Benedict
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Trump-Inspired World Liberty Financial Buys Millions Worth of LINK and AAVE Again

World Liberty Financial has acquired millions worth of Chainlink and Aave coins again, 24 hours after splashing cash for similar purchases.

The Donald Trump-inspired decentralized finance (DeFi) protocol continues its cryptocurrency acquisition after yesterday’s $12 million buying spree. This time, it focused on buying more of Chainlink (LINK) and Aave (AAVE).

Data from Etherscan shows that World Liberty Financial spent millions of USDC to increase its exposure to LINK and AAVE, contributing to the assets’ uptrend. Notably, the WLFI wallet acquired a few other cryptocurrencies as operations seemingly drew closer.

World Liberty Financial Increases Altcoin Stash

The DeFi protocol kickstarted its cryptocurrency acquisition with the Coinbase Wrapped Bitcoin (cbBTC), acquiring 103 ($10 million USDC) of the asset. Since then, the project’s wallet has swapped its USDC stash for altcoins.

Earlier today, WLFI bought 37,052 LINK ($1 million USDC) at an average price of $27. Notably, the accrual took its total Chainlink stash to 78,387 LINK, acquired at an average price of $25.5.

Meanwhile, the DeFi protocol also bought more Aave tokens. Data shows that it swapped $257,672 USDC for 685 AAVE today at an average cost of $360 per coin. With the latest buy, the WLFI now holds 4,042 AAVE ($1.25 million USDC) at the cost of $308.4.

WLFI AAVE LINK
WLFI Purchases

Notably, the World Liberty Financial address received more assets from an OKX-affiliated account. Wallet address “0xf2d50” sent Fantom (FTM), Curve DAO (CRV), Parawap (PSP), Stake DAO (SDT), and Balancer (BAL) to the WLFI address.

AAVE, Chainlink Post Staggering Gains

Meanwhile, the latest developments have contributed to Chainlink and Aave’s bullish performance. For context, Chainlink has surged an impressive 22% in the past seven days, with most of its gain from yesterday’s 21.02% uptick from $24 to $29.

In addition, the AAVE token surged an impressive 21.25% yesterday and is continuing its gain today as of press time.

At the time of writing, AAVE trades at $378.48, up 46% in the past seven days, while LINK exchanges hands for $29.50, with a 3% daily gain.

KaJ Labs Invests $100M in AI Tools for XRP Ecosystem

Mark Brennan
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KaJ Labs has committed $100M to developing advanced AI tools for the XRP ecosystem. Through its Atua AI platform, KaJ Labs will enhance DeFi and enterprise operations with AI-driven solutions.

KaJ Labs, the developer behind the innovative enterprise platform Atua AI, has announced a $100 million investment to create advanced AI tools tailored explicitly for the Ripple (XRP) ecosystem.

 

This initiative aims to enhance AI-driven solutions in decentralized finance (DeFi) and enterprise operations, leveraging Ripple’s efficient and scalable infrastructure.

Atua AI, known for integrating AI with blockchain technology, will focus on streamlining business processes, improving automation, and providing predictive insights for enterprises.

The funds will support research, AI model training, and the deployment of XRP-based AI solutions, emphasizing real-time analytics and automated workflows.

KaJ Labs’ investment reflects the growing convergence of blockchain and AI, unlocking innovative possibilities for decentralized enterprises.

Atua AI is an on-chain enterprise platform that integrates AI and blockchain technology to deliver efficient and innovative solutions.

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