Shiba Inu (SHIB) has been experiencing a challenging period in the crypto market, underperforming with a 13% decline over the past week and maintaining a generally bearish sentiment.
Since the beginning of 2024, $SHIB has been forming lower highs, consolidating within a wedge pattern that mirrors previous cycles of consolidation and breakout.
Historically, Shiba Inu has exhibited repetitive patterns of growth: periods of consolidation followed by sharp upward moves fueled by retail excitement. While the token maintains strong cultural relevance and community support, is its phase of exponential growth over?
This article explores Shiba Inu’s latest updates and price prediction, alongside a new presale meme coin that experts see as a strong $SHIB contender for the best meme coins to buy.
Gemini Launches Regulated SHIB Perpetuals With Up to 100x Leverage
Shiba Inu investors can now trade regulated $SHIB perpetual contracts on Gemini, offering up to 100x leverage for managing risk and exposure. These contracts enable European investors to speculate on Shiba Inu’s price without owning the underlying token.
Traders can execute positions against USD Coin (USDC), with no monthly expiration, as long as margin requirements are met. Profits and losses are settled in USDC, while cross-collateral support allows users to fund derivatives positions using assets from their spot accounts.
The listing provides the Shib Army with a regulated way to hedge spot holdings, take short positions, or use leverage beyond traditional buy-and-hold strategies. Gemini emphasized the growing influence of community-driven tokens, calling them “economic forces to be reckoned with” that require professional trading infrastructure.
Standard risk disclosures remind traders that derivatives carry significant risk, including the potential loss of the entire investment. Access is geographically restricted, offered through Gemini Intergalactic EU Artemis, Ltd., under MFSA regulation, with security backed by ISO 27001 and SOC 2 Type II certifications.
Shiba Inu Price Prediction
$SHIB’s chart reflects short-term relief amid ongoing long-term weakness. Recent trading around $0.0000079–$0.0000081 suggests the token is attempting to stabilize and limit further losses.
This level acts as a temporary support zone, with some passive buyers viewing it as fair value since $SHIB has frequently traded near this range.
It could slow the decline enough for a short-term relief bounce, rather than a trend reversal, potentially pushing the price back to $0.0000085–$0.0000090 before facing renewed pressure.
The RSI near oversold levels indicates stretched momentum, meaning a full recovery or strong bullish surge is unlikely, but Shiba Inu could stabilize and see a modest rebound.
Technically, the asset remains in a strong downtrend, and rallies are expected to stall unless volume increases and price recovers key moving averages. Until $SHIB shows sustained strength, any bounce should be considered temporary
Shiba Inu Expands Real-World Use With Bitget Debit Card Launch
In addition, Shiba Inu recently partnered with Bitget to launch a zero-fee debit card, providing a branded solution for the Shiba Inu community. The collaboration highlights the strength and engagement of Shiba Inu holders.
While the partnership is unlikely to directly impact $SHIB’s price, it demonstrates the project’s marketing power and community influence. Bitget’s decision to target Shiba Inu users, even amid broader market downturns, underscores the significance of this dedicated user base.
The card offers practical utility for holders, while simultaneously reinforcing brand visibility and loyalty. By leveraging such partnerships, Shiba Inu continues to strengthen its presence in the crypto ecosystem and showcases the strategic value of its community.
The Next 1000x Crypto? New Meme Coin Surges as Shiba Inu Slips
While Shiba Inu struggles, the presale meme coin Pepenode is gaining momentum as many analysts consider it a strong contender for the next 1000x crypto. It introduces a unique approach to meme coin mining by transforming virtual machines into fully functional mining nodes.
This setup allows participants to build virtual server rooms, combine nodes, and increase their mining power to generate larger amounts of meme coins.
In the growing excitement surrounding the project, the KIFS Crypto YouTube channel with over 67,000 subscribers noted that Pepenode has the potential to reshape the meme coin sector through its unique concept of virtual mining.
The presale is easy to access since users can join with a Web3 wallet or simply use a card to participate. Pepenode’s roadmap includes early access, virtual server room construction, and a token generation event that shifts the project from concept to active mining.
Its mine to earn model gamifies participation by rewarding users for optimizing their virtual rigs. With media recognition and strong community interest, Pepenode is positioning itself as one of the best meme coins to buy now.
Visit Pepenode
This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article.