Shiba Inu Dips As Markets Crash – New ATHs Still a Possibility

Like most other cryptocurrencies on the market, Shiba Inu is currently in the red, after losing 10% of its value in a single day.

Shiba Inu price dropped significantly over the past 24 hours, following the broader market sell-off that took place on March 8. The world’s second most valuable meme coin dropped by 10%, bringing SHIB total losses to over 17% in the past week alone.

The sell-off saw a large number of meme coin holders move away from SHIB tokens, and into emerging meme coins, such as Wall Street Pepe and Meme Index. Let’s dig deeper to see what the future could bring for the world’s second most valuable meme coin on the market.

Shiba Inu Dips As Markets Crash – New ATHs Still a Possibility

Like most other cryptocurrencies on the market, Shiba Inu is currently in the red, after losing 10% of its value in a single day. SHIB tokens are currently selling for $0.00001791, a decline from $0.000025 just last week.

The situation is caused by wide crypto market selloffs, but it’s likely to turn into a bullish phase once the correction phase ends.

The next target points for SHIB tokens are $0.000023 and $0.0000298, and if it manages to break through them in the upcoming days, it could lead to a massive breakout all the way to $0.00005.

The current support levels are at $0.000017 and $0.000021, but if the sell-off continues, SHIB could enter a downturn in the next 7 days.

The good thing is that the token burning is reducing supply gradually, which will add to its value in the long run.

The bull market is still yet to kick off, and all of the losses will turn to gains after the market stabilizes. Shiba Inu is still over 180% above its trading prices last year, so there is nothing to be worried about.

No matter how much it rebounds, it can’t compare to the potential of Wall Street Pepe and Meme Index.

Wall Street Pepe – The Next King of Meme Coins Predicted For 10X Gains

Wall Street Pepe has been the talk of the town in the past couple of months, quickly becoming the most successful meme coin presale in late 2024 and early 2025.

It is on its way to become the highest-grossing meme coin ICO of all time, with more than $61 million raised in just two months. The title is currently held by Pepe Unchained, which went live with a market cap of $74+ million, but if the current $WEPE token sell-off rate continues, it could launch with over $80 million.

The project has been turning heads since its entered presale in November last year, and it keeps attracting over $1 million every day.

Its goal is to give $WEPE token holders a chance to hold their ground against crypto whales by introducing a collaboration platform where they can devise strategies, get access to insider trading info, and work together to outpace whales and impact crypto prices.

$WEPE token holders, known as the Wepe Army, will have access to various exclusive features, and those who invest early can stake their tokens for an APY of 20%. Over 40 billion tokens have been staked already, showing that investors have confidence that the project will grow steadily after release.

The presale is in its final stage with only 20 days left, so hurry up and invest to get the highest returns after listings.

Meme Index – First Ever Decentralized Meme Coin Index

Meme coins are among the most popular crypto investment options as they often lead to massive gains in a short period. However, with hundreds of new memes going live every week, finding those that will pump the highest is much harder than one might think.

Well, 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 by their risk levels.

The project is built around the Meme Frenzy Index, which analyzes all meme coins, providing investors with accurate predictions of them succeeding or failing. $MEMEX token holders will be able to sort their investment options according to the risk, ensuring they only invest in those that have enough momentum to result in high gains.

The official $MEMEX token presale went live 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 it goes live on major listings.