Skip to content
Crypto News Focus logo CNF_CRYPTO_NEWS_FOCUS_LOGO 8

Crypto News Focus

your day to day crypto news site

Primary Menu
  • Home
  • News
    • Bitcoin News
    • Ripple XRP news
    • Ethereum News
    • Cardano News
    • Shiba Inu News
    • Pi Network News
    • More
  • Analysis
  • PR Desk
  • About Us
  • General Policy & Privacy
  • Guides
    • Bitcoin Guides
    • Pi Network Guide
    • Cardano Guide
  • Politics
  • Tech
  • Home
  • News
  • Shiba Inu Eyes a Massive Leap: Is a 189% Surge on the Horizon?
  • Analysis
  • News

Shiba Inu Eyes a Massive Leap: Is a 189% Surge on the Horizon?

Sean Williams 16 December 2024
Dogecoin
  • Shiba Inu shows strong bullish signals, with technical analysis predicting a potential 189% surge in price, supported by consistent higher highs and an accumulation phase.
  • Its ecosystem growth, driven by the Shibarium layer-2 network and significant token burns, strengthens its long-term prospects beyond its meme coin origins.

The cryptocurrency market is buzzing as Shiba Inu, one of the most talked-about meme coins, hints at a potential 189% price surge. Recent analyses and ecosystem developments suggest that the coin might be on the verge of a significant breakout. Here’s what’s driving this bullish sentiment.

Bullish Signals in Shiba Inu’s Technical Analysis

Crypto analyst Alan Santana recently highlighted encouraging trends in Shiba Inu’s price movement on TradingView. According to his insights, Shiba Inu’s daily chart shows a pattern of consistently higher highs, forming an oval trend that points to a potential upward momentum.

For over a month, the coin has hovered around the $0.000024 mark, suggesting an accumulation phase — often a precursor to major price movements. At the time of the analysis, Shiba Inu was trading at $0.00002755, despite a recent 7-day correction of 11.20%. Santana predicts a target price of $0.0000702, which would signify a remarkable 189.60% surge.

Shiba Inu’s Ecosystem Evolution: A Key to Longevity

Beyond technical charts, the long-term growth of Shiba Inu hinges on its ecosystem developments. The Shiba Inu community, led by figures like Shytoshi Kusama, emphasizes the importance of ecosystem expansion and partnerships over mere token burns.

Central to this strategy is Shibarium, the blockchain’s layer-2 network. By leveraging gas fees, Shibarium has contributed to the burning of nearly 56 billion SHIB tokens, reducing supply and increasing the potential for price appreciation. Additionally, a dedicated burn portal has permanently removed over 600 million SHIB tokens from circulation.

These developments strengthen Shiba Inu’s position in the market, enhancing its utility and appeal to a broader audience.

What’s Next for Shiba Inu?

With strong technical signals and a thriving ecosystem, Shiba Inu seems poised for a major move. While the potential for a 189% surge is exciting, investors should remain cautious, as cryptocurrency markets are notoriously volatile.

As Shiba Inu continues to expand its ecosystem and gain traction in the crypto space, it could cement its place as more than just a meme coin, proving its utility and value in the long run.

Continue Reading

Previous: Will Justin Sun’s 53K ETH Purchase Propel Ethereum to New Highs?
Next: Bitcoin Breaks $106.5K: Whale Wallets and Trump’s Crypto Push Fuel Rally

Related Stories

Pi NETWORK on black
  • Analysis

Pi Network Token Struggles Below $0.45 But Core Team Sees Signs of a Reversal

vivian 25 July 2025
Bitcoin BTC INTERCONNECTED
  • Analysis

Bitcoin Price Drops to $115K as Ethereum Surges Past $3,600

Jane Kariuki 25 July 2025
Solana on a purple buckground
  • News

Solana Price Drops Sharply Amid Market Liquidations and Legal Action

Cal Evans 25 July 2025

For general inquiries, please email us at Info@cryptonewsfocus.com

Crypto news focus is your day-to-day crypto news site. Get all the latest News and trends in the crypto, blockchain, and DeFi space. For more info and inquiries, reach out via email at info@cryptonewsfocus.com

You may have missed

Pi NETWORK on black
  • Analysis

Pi Network Token Struggles Below $0.45 But Core Team Sees Signs of a Reversal

vivian 25 July 2025
Bitcoin BTC INTERCONNECTED
  • Analysis

Bitcoin Price Drops to $115K as Ethereum Surges Past $3,600

Jane Kariuki 25 July 2025
Solana on a purple buckground
  • News

Solana Price Drops Sharply Amid Market Liquidations and Legal Action

Cal Evans 25 July 2025
Litecoin coins
  • Analysis

Is Litecoin Just Getting Started After Breaking $116?

Jane Kariuki 24 July 2025

Social Media

Crypto News Focus © All rights reserved | MoreNews by AF themes.
Go to mobile version
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.