The crypto market is currently in a sharp decline after BTC fell to $98,000.
The 7.18% drop is caused by several factors, with the primary cause being a stock sell-off that also triggered a crypto sell-off. Bitcoin losses dragged down all altcoins including major coins like DOGE, SHIB, PEPE and all others.
Shiba Inu was hit hard, lose 11% in the last 24 hours and more than 17.6% last week. The sell-off scared many coin holders away from SHIB tokens and toward emerging memes such as Wall Street Pepe and Meme Index. Let’s dig deeper to see what the future might bring for the world’s second most valuable coin in the market.
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Shiba Inu plunges as markets collapse – new ATHs still a possibility
Like most other cryptocurrencies on the market, Shiba Inu is currently in the red, having lost 10% of its value in a single day. SHIB tokens are currently selling for $0.00001791, down from $0.000025 last week. The situation is caused by a large Massive sell-offs in the crypto marketbut it is likely that this will turn into a bullish phase once the correction phase is over.
The next target points for SHIB token are $0.000023 and $0.0000298, and if it manages to cross them in the coming days, it could lead to a mass escape up to $0.00005. Current support levels are $0.000017 and $0.000021, but if the sell-off continues, SHIB may enter a downturn in the next 7 days. The good news is that burning tokens gradually reduces the supply, which will add to its value in the long term.
The bull market has not yet started, and any losses will turn into gains once the market stabilizes. The Shiba Inu is still 180% above its trading prices from last year, so there is nothing to worry about. No matter how much he bounces back, he can’t compare to the potential of Wall Street Pepe and Meme Index.
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Wall Street Pepe – The Next Meme Coin King Expected for 10X Gains
Grandpa from Wall Street has been making waves over the past couple of months, quickly becoming the most successful meme coin presale in late 2024 and early 2025. It is on track to become the most profitable meme coin ICO of all time, with more of $61 million raised in just two months. The title is currently held by Pepe Unchained, which launched with a market cap of over $74 million, but if the current $WEPE token sales rate continues, it could launch with over $80 million .
The project has been turning heads since entering pre-sale in November last year and continues to attract over a million dollars every day. Its goal is to give $WEPE token holders a chance to stand up to crypto whales by introducing a collaboration platform where they can design strategies, access insider trading information, and work together to get ahead of whales and impact cryptocurrency prices.
Holders of $WEPE tokens, known as Wepe Army, will have access to various exclusive features, and those who invest early will be able to stake their tokens for a 20% APY. On 40 billion tokens have already been staked, showing that investors are confident that the project will grow steadily after its release. The pre-sale is in its final stage with only 20 days left, so hurry up and invest to get the highest returns after registrations.
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Meme Index – First Ever Decentralized Meme Coin Index
Meme coins are among the most popular crypto investment options because they often lead to massive gains in a short period of time. However, with hundreds of new memes uploaded every week, finding the ones that will pump the most is a lot harder than you might think. GOOD, Meme Index offers a new approach to meme coin trading by introducing the first-ever decentralized index that allows investors to sort potential investment options based on their risk levels.
The project is built around the Meme Frenzy Index, which analyzes all meme coins, providing investors with accurate predictions on whether they will succeed or fail. $MEMEX token holders will be able to sort their investment options based on risk, ensuring that they only invest in those that have enough momentum to generate high gains.
The official presale of the $MEMEX token was launched in late December 2024 and has raised over $3 million so far. If you purchase $MEMEX tokens during the event, you can stake them for an APY of over 770%, so the sooner you invest, the higher the returns you can expect once they go live on the main quotes.
Conclusion
Shiba Inu is in a downtrend, but is likely to bounce to new ATHs as the bull market accelerates. The ongoing correction phase will be followed by gains, but SHIB’s gains cannot be compared to those of $WEPE and $MEMEX, both of which could increase up to 1,000% after their release. So, visit the official sites and invest today to get the highest returns in Q1 2025.
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