Shiba Inu Pump Incoming – Will It Reach $0.01? $PEPU Presale FOMO Kicks In as It Nears the $26 Million Mark

Shiba Inu (SHIB) appears to be on the cusp of a breakout, and recent market movements, particularly in response to political events and increased capital flow into the crypto market, have contributed to Shiba Inu’s upward trend.

However, the key lies in surpassing its resistance level and converting it into new support. Investors are now closely watching Shiba Inu’s price action while also keeping an eye on the high-demand crypto presale that could potentially divert attention and capital from existing coins.

Shiba Inu (SHIB) price analysis

Shiba Inu (SHIB), currently ranked 13th in the cryptocurrency market, has shown notable resilience and growth, particularly as a meme coin.

Trading slightly up today with a 7% increase over the past seven days, Shiba Inu’s recent performance aligns with a broader market rally following the U.S. presidential elections, which seem to have bolstered investor confidence in crypto assets.

With a market cap of $10.97 billion and a 24-hour trading volume reaching $596.5 million, Shiba Inu has benefited from a surge of capital inflow into the cryptocurrency space, particularly within the meme coin sector.

As a prominent blue-chip meme coin, Shiba Inu stands to gain from this renewed investor interest. In the past month, $SHIB’s price has consolidated, consistently hovering near key support and resistance zones.

Since early October, the token has established a solid support foundation, repeatedly testing these levels with minimal deviation. Currently, Shiba Inu is challenging a resistance level near $0.000019, hinting at a potential breakout.

Clearing this resistance could pave the way for a new support base, potentially sparking further upward momentum. The recent influx of capital suggests growing investor optimism. With strong community backing and brand recognition, Shiba Inu is likely to continue attracting attention.

Enhanced liquidity and active trading contribute to Shiba Inu’s potential for price growth, creating a favorable environment for volatility and gains. If $SHIB overcomes its current resistance, it could trigger a substantial breakout, laying the groundwork for sustained growth.

As investors closely monitor Shiba Inu’s price movements, the highly successful Pepe Unchained presale, which has already raised over $25 million, is drawing considerable market interest and could potentially attract funds away from other established projects.

If you’re looking for investment opportunities that could offer big returns and increase in value during the next bull run, check out our guide here for the best crypto presales of 2024.

Pepe Unchained: A strong contender and top alternative for meme coin investors

Pepe Unchained is making a bold move with the launch of its own blockchain, designed to offer a faster, more scalable, and secure platform specifically for meme coins.

In its presale phase, the project has raised over $25 million and is close to reaching another milestone, with just one day left for investors to purchase $PEPU tokens at the current price of $0.01239 before the price increases in the upcoming funding round.

Built as a Layer 2 protocol on Ethereum, Pepe Unchained aims to address key blockchain limitations by offering lower transaction fees and increased capacity.

With claims of being 100 times faster than Ethereum, the platform is positioning itself to become the go-to hub for meme coins, offering creators and users a more efficient and cost-effective ecosystem.

The project will also feature a dedicated blockchain explorer, similar to EtherScan or SolScan, allowing users to analyze transactions and wallet data in detail.

This built-in feature enhances transparency, enabling users to access essential blockchain details, such as wallet balances and transaction history, thereby fostering trust and utility within the Pepe Unchained community.

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