Shiba

Future

Shiba Inu

Gains

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/shib-faces-market-challenges-despite-potential-future-gains/" data-wpel-link="internal">SHIB Faces Market Challenges Despite Potential Future Gains</a><br></p>
<p style="text-align: justify">Entering the cryptocurrency world as the “DOGE killer,” SHIB has faced significant challenges, mirroring the overall market trend. Recent price charts show a decline, and machine learning and <a href="https://futurearticles.co/openai-gpt-4o-vs-anthropic-claude-3-5-who-will-win-the-duel/" target="_blank" rel="noopener" data-wpel-link="exclude">artificial intelligence</a> (AI) algorithms do not predict a bright future for SHIB. Despite the SHIB burns, predictions suggest the end of the month may not be promising.</p> 
<h2 style="text-align: justify" id="shiba-predictions">Shiba Predictions</h2> 
<p style="text-align: justify">Forecasts indicate that SHIB’s price movement may disappoint investors by the end of the month. However, AI predictions suggest that SHIB might remain at its current level of $0.000013, with no severe drops expected.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-381397" src="https://coin-turk.com/wp-content/uploads/2024/08/shib-coin-turk-com.png" alt="" width="519" height="350"></p> 
<p style="text-align: justify">On the other hand, cryptocurrency analyst Alan Santana predicts that <a href="https://en.coin-turk.com/shiba-inu-shib-faces-significant-losses-in-price-can-buyers-stop-the-downtrend/" data-wpel-link="internal">Shiba</a> Inu might initiate an upward price movement in the future. According to his statement on August 17, the upcoming 2025 <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">bull market</a> could see prices rise to $0.00023179.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-381396" src="https://coin-turk.com/wp-content/uploads/2024/08/shib-2-coin-turk-com-1.png" alt="" width="519" height="261"></p> 
<p style="text-align: justify">Despite this view, SHIB recently faced selling pressure from futures trading. According to Coinglass’s Crypto Derivatives Visual graph, SHIB’s open interest (OI) against price shows increasing short positions, suggesting investors expect further declines.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-381395" src="https://coin-turk.com/wp-content/uploads/2024/08/shib-3-coin-turk-com-1.png" alt="" width="508" height="253"></p> 
<h2 style="text-align: justify" id="shiba-price-in-tl">Shiba Price in TL</h2> 
<p style="text-align: justify">Looking at SHIB’s current price, today’s market rise is also felt in the meme coin sector. SHIB’s price movement indicated a 5.82% increase, which was beyond recent price movements. A 7-day review showed SHIB’s rise at 1.37%.</p> 
<p style="text-align: justify">Additionally, market volume returned to $8.13 billion, maintaining its 13th position. Trading volume increased by 74%, surpassing $218 million, indicating rising prices and investor interest. Despite AI’s bearish expectations, some predict that potential interest rate cuts from the Fed this week could continue to drive price increases.</p> 
<p style="text-align: justify">Lastly, the SHIB/TRY pair shows the meme coin trading at 0.00046630 TL.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/shib-faces-market-challenges-despite-potential-future-gains/" data-wpel-link="internal">SHIB Faces Market Challenges Despite Potential Future Gains</a></h5>
<p>The post <a href="https://en.coin-turk.com/shib-faces-market-challenges-despite-potential-future-gains/" data-wpel-link="internal">SHIB Faces Market Challenges Despite Potential Future Gains</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

SHIB Faces Market Challenges Despite Potential Future Gains

Table of Contents

COINTURK NEWS

Other articles published on Aug 20, 2024

Investors Monitor PEPE Coin Amid Declining Whale Activity

This New Altcoin Could Crack The Top 20 By 2025, Surpassing Arweave (AR) And Bonk

Stock markets continue having a blast – Crypto is NOT

Ikigai Strategic Partners Fined $150,000 by NFA for Misusing Bitcoin Loan

Bitcoin mining expenses surge 168% amid capacity growth

Van Eck Sees 7100% Growth in Layer-2s Due to Low Gas Prices in Ethereum

Join our free newsletter for daily crypto updates!