Macro strategist Michael Gayed dismissed the idea that Shiba Inu (SHIB) could ever hit $1, explaining that its market capitalization would need to surpass the entire global dollar supply to reach that price. Gayed's blunt response highlights the unrealistic expectations among retail investors for meme coins like SHIB, which lack fundamental value. He also linked the ongoing crypto market decline to a global liquidity crisis and central banks withdrawing cheap credit, causing speculative assets like SHIB to lose value rapidly. This outlook suggests continued challenges for SHIB and similar cryptocurrencies without strong underlying fundamentals.
Bitcoin, Dogecoin, XRP, and Shiba Inu are all experiencing bearish trends following recent market corrections. Bitcoin is trying to stabilize after falling from $74,000–$76,000 but remains below key moving averages, indicating ongoing long-term press...
Binance users withdrew 1.1 trillion Shiba Inu (SHIB) tokens in June, reducing exchange reserves below 80 trillion tokens globally. Instead of moving into stablecoins, investors redirected funds into Bitcoin and Ethereum, increasing their holdings by ...
Shiba Inu (SHIB) is testing the critical $0.000005 price level but faces difficulty sustaining it amid a broader downward trend. The token remains below key moving averages, indicating bearish dominance despite a recent recovery attempt. Analysts out...
Shiba Inu's price chart formed a golden cross as its 50-period moving average crossed above the 200-period on the two-hour chart, signaling potential bullish momentum. However, this comes at a time when the crypto market faces strong selling pressure...
XRP is testing a critical $1.19 support level ahead of the new Federal Reserve chair Kevin Warsh's debut, which will influence its short-term direction. Shiba Inu (SHIB) faces a pivotal 45-day period historically linked to price reversals, with poten...
