The Shiba Inu price has jumped by 5% in the past 24 hours, moving up to $0.0000090 as the crypto market bounces ahead of tomorrow’s FOMC meeting.
Most analysts are expecting the Federal Reserve to cut rates, something which has increased positivity in the crypto market after a difficult couple of months.
As for SHIB, it has experienced a 248% increase in its burn rate over the past 24 hours, as chain activity increases.
This suggests that a recovery could be on the way, and when combined with some bullish chart patterns, the Shiba Inu price prediction is starting to look very good.
Shiba Inu Price Prediction: Market Thinks SHIB Is Dead – But This Chart Pattern Says a Monster Move Is Coming Soon
As the Shibburn X account revealed today, Shiba Inu has burned 75.7 million SHIB tokens in the past week and 14.3 million SHIB tokens in the past 24 hours.
This 24-hour figure is encouraging, indicating a growth in activity as we approach tomorrow’s FOMC rate decision.
And if we look at SHIB’s price chart, we see that it may have begun a sustained recovery after weeks in a heavily oversold position.
Its relative strength index (yellow) is about to rise above 50, having spent the previous three months below this level almost constantly.
Source: TradingViewSimilarly, its MACD (orange, blue) is also on its way up and could turn positive in the next few days.
This could signal a breakout, and if the Fed does provide a rate cut tomorrow, such a breakout could arrive quickly.
As far as the longer term is concerned, Shiba Inu does have some things to look forward to, including the possible launch of a multi-crypto ETF from T. Rowe that classes SHIB as an eligible token.
Such a launch could drive considerable interest in SHIB, although so far there’s no indication of how much of an allocation the meme coin would receive, if any.
Otherwise, Shiba Inu has been having a problem attracting significant investment, with its price down by 71.5% in the past 12 months.
Despite attempts to make itself fundamentally stronger and more valuable (e.g., by launching layer-two network Shibarium in 2023), the market seems to have lost interest, with shibariumscan.io recording only 2,635 transactions on Shibarium in the past 24 hours.
Hopefully, upcoming upgrades can make layer two more attractive next year, boosting the Shiba Inu price over the longer term.
For now, the SHIB price could reach $0.000010 by the end of the year, and $0.0000250 by Q2 2026.
$2.3 Million PEPENODE Presale Is Ending in 30 Days: How to Buy Before It Lists on Exchanges
While SHIB does have the potential to make big gains in the coming weeks, traders may also want to diversify into newer tokens, including presale coins.
What’s exciting about presale coins is that, if they generate enough momentum during their sales, they can often rally hard when they list for the first time.
Accordingly, one of the most interesting presale tokens available right now is PEPENODE ($PEPENODE), an ERC-20 token that has raised just over $2.3 million.
Its sale will end in just under 30 days, giving newcomers only a limited window in which to buy the token at what could end up being a steep discount.
It has attracted lots of interest by virtue of its unique slant on mining, with its platform giving users the opportunity to grow and operate virtual mining rigs.
Rather than needing expensive – and power-hungry – physical hardware, PEPENODE enables users to mine simply by spending PEPENODE tokens on virtual nodes.
By purchasing more nodes and upgrading, users can earn more mining rewards, which PEPENODE will pay out in external tokens, such as Fartcoin and Pepe.
This system could make PEPENODE incredibly profitable and popular, with demand potentially surging for the PEPENODE token.
Holders will also be able to stake the token for a regular income, making the coin doubly profitable.
Latecomers to the sale can join it by going to the PEPENODE website, but should remember that it will end in 30 days.
The token is currently selling for its final presale price of $0.0011873, although this could rise much higher once it goes live in the next few weeks.
Visit the Official Pepenode Website Here
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