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Cryptocurrency News Articles

Meme Coin Speculation Is Brewing: Could Shiba Inu (SHIB) Surge 100% in the Coming Cycle?

Jan 16, 2025 at 06:25 pm

This intriguing question surfaced as Shiba Inu (SHIB) regained momentum following a wild ride yesterday.

Meme Coin Speculation Is Brewing: Could Shiba Inu (SHIB) Surge 100% in the Coming Cycle?

Meme Coin Mania: SHIB May Rise 100%, But Younger JetBolt Steals the Show This report highlights Shiba Inu’s (SHIB) recent price movements and the surging presale of JetBolt (JBOLT), a new altcoin making waves in the crypto world.

As Shiba Inu (SHIB) price movements sparked interest, following a wild ride on January 14th, the meme coin recovered swiftly after dipping below the critical 200 EMA line. Surging 9% from its intraday low, SHIB’s Open Interest also soared with 18.64 trillion tokens opened on the same day, according to CoinGlass.

Meme Coin Prices Today: SHIB Surges 9% After Dropping Below 200 EMA Support Level Shiba Inu (SHIB) price movements have drawn attention as the meme coin experienced a remarkable recovery on January 15th following a brief drop below the critical 200 EMA line at $0.00002083, based on data from TradingView. After hitting this key support level, SHIB quickly rebounded, reaching a high of $0.00002161 and surging 9% from its intraday low.

Trading at $0.00002152 at press time, according to CoinMarketCap data, SHIB is currently ranked as the second-largest meme coin by market capitalization, with a market cap that stands over $12 billion. Apart from leveraging the Ethereum network for speed and scalability, Shiba Inu has showcased some use cases, including the NFT “Artistic Shiba Movement” and a campaign through AmazonSmile to raise donations for rescuing real Shiba Inu dogs.

A table from CoinMarketCap’s January 15th list of largest meme coins with Shiba Inu occupying the second spot

Shiba Inu Open Interest Surges 25% as Token Struggles to Discover New Price Levels According to CoinGlass data, 18.64 trillion SHIB tokens valued at $399.79 million in outstanding derivatives contracts were opened in the last 24 hours. This spike in open interest indicates a 25% surge, reflecting renewed interest in SHIB despite the ongoing price volatility and the token’s struggle to discover new price levels.

SHIB maxis suggest that if Shiba Inu’s momentum gains traction, the token may test resistance levels at $0.00002270 and $0.00002400. Despite the overall market’s erratic nature, Shiba Inu’s recovery above the critical 200 EMA support level—a tipping point between bullish and bearish price trends—has renewed market optimism for the meme coin. With the reversed bearish trajectory, investors are hopeful that SHIB can maintain its current momentum to potentially reach new heights.

JetBolt: Making Headlines with Zero-Gas Tech and 265 Million Plus Tokens Sold Beyond exuding meme charm with its playful, futuristic cat mascot, a disruptive new token is generating a loud buzz in the blockchain space: JetBolt (JBOLT). With an astounding presale of more than 265 millions tokens sold, JetBolt takes center stage with its blockchain tech and user-centric Web3 utility features.

JetBolt introduces zero-gas technology by using Skale technology. This trailblazing feature sets this young altcoin apart by eliminating the hefty gas fees that have long deterred users. Zero-gas tech also serves as a possible gateway for innovation across dApps, blockchain gaming, SocialFi, and Web3, making transactions and development more accessible and efficient.

Furthermore, JetBolt also comes with an easy-to-navigate integrated Web3 wallet with advanced integrations of the WebAuthN protocol and a face recognition mechanism. This feature makes it easy for both new and seasoned crypto enthusiasts to join the JetBolt Web3 universe.

On the staking aspect, JetBolt provides a breath of fresh air with its socially enhanced staking protocol. Users can earn more as they are rewarded with further tokens every time they stake and engage within JetBolt’s functional ecosystem.

Whales and buyers wanting to scale up their holdings can tap into JetBolt’s enthralling presale perks, including discounts and the exclusive Alpha Box bundles, which grant up to 25% additional JetBolt tokens for batch purchases.

By offering cutting-edge innovations, practical utilities, and attractive presale perks, JetBolt radiates not only with a meme vibe but also with next-gen altcoin power that places it amongst the transformative next-gen cryptocurrencies in 2025.

Key Takeaways: Could SHIB Surge 100% While JetBolt Makes Headlines? As the market shifts amid recent downturn, and with meme coins undergoing large volatile price moves, Shiba Inu’s target of surging 100% may happen in the long term if demand permits. Riding on

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Other articles published on Mar 19, 2025