![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
Cryptocurrency News Articles
Shiba Inu (SHIB) Outperforms Memecoin Market, Maintaining Support at the $0.000015 Level
May 15, 2025 at 04:20 pm
SHIB has demonstrated remarkable resilience in the volatile cryptocurrency market, maintaining support at the $0.000015 level despite recent turbulence
Shiba Inu (SHIB) has shown remarkable resilience in the face of volatility in the cryptocurrency market. While most top memecoins faced losses following a major capital injection into Trump Coin and a Chinese tech firm bought nearly 11% of the token's total supply, SHIB managed to preserve its 7-day gains of 25%.
This stability is evident as the memecoin closed Wednesday at $0.000015, decreasing slightly by 3.6% but outperforming many competitors. The broader memecoin market saw its market capitalization decrease to $78.6 billion, presenting a 0.7% decline over 24 hours.
Out of the top ten meme assets, nine faced price drops. Dogecoin (DOGE) decreased by 2.4%, while BONK experienced a 3.5% decrease. Only Pudgy Penguins showed a gain of 8%, bringing its price to $48.7.
This shift in investor sentiment could be attributed to a preference for mid-cap memecoins without ties to U.S. political figures.
At current prices, a $1,000 investment in SHIB would yield approximately 66.6 million tokens. If the token's price returns to its recent March 2025 high of $0.000027, this position would grow to $1,800, presenting an 80% return.
Larger investments demonstrate proportionally similar potential gains. A $5,000 position would yield about 333.3 million SHIB, potentially reaching $9,000 if the token hits its previous high. Similarly, a $10,000 investment could double to $18,000 under the same conditions.
On-chain metrics from Santiment support this positive outlook. Despite the price correction, Age Consumed for SHIB remained flat at 91.4 trillion, indicating minimal selling pressure from long-term holders. This suggests continued confidence in SHIB's prospects among established investors.
Bankless founder and crypto analyst, Ben Armstrong, anticipates a rebound in the memecoin market, which he attributes to a "huge wave of pessimism" that has swept through the crypto sector.
"We're going to see memecoins come roaring back, especially as we get into the latter half of the year. I think memecoins have a lot more upside potential than Bitcoin and Ethereum at this stage of the market."
In other news, a report by Token Terminal has revealed that the total value locked (TVL) in DeFi protocols has hit a 15-month high.
The post Shiba Inu Shows Strength As Top Memecoins Weaker After Trump Coin Capital Injection appeared first on CCNR.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
-
-
-
-
- Bitcoin's (BTC) rapid recovery beyond $104,000 has sparked a wave of optimism in crypto circles
- Jun 05, 2025 at 11:30 am
- Amid renewed market enthusiasm following the U.S.-China trade agreement, well-known crypto analyst PlanB—famous for developing the Stock-to-Flow (S2F) model—has suggested that Bitcoin's rally may be far from over.
-
-
- Arizona Governor Katie Hobbs vetoes two cryptocurrency bills aimed at expanding the state's involvement in digital assets
- Jun 05, 2025 at 11:25 am
- On May 12, Hobbs rejected Senate Bill 1373, which sought to establish a Digital Assets Strategic Reserve Fund. The fund would have allowed Arizona to hold crypto assets obtained through seizures or legislative allocations.
-
- Bitcoin Surpasses $100,00 and Some Investors Are Already Thinking About Selling. But According to a Recognized Expert, This Is Not the Right Time.
- Jun 05, 2025 at 11:20 am
- The STH-SOPR (Spent Output Profit Ratio for short-term holders) is used to measure profits realized on the sale of bitcoins held for less than 155 days.