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SHIB’s ATH was three years ago, now down 78%, with resistance at $0.000019. Despite a 125% surge this year, SHIB holders eye 100x opportunities in DeFi and web3.
SHIB’s ATH was last hit three years ago, but SHIB’s current price is at a sharp 78% drop, which has seen SHIB struggle to recover. As much as meme coins have registered meteoric rallies for the better part of 2024, Shiba Inu’s price has stagnated amid major resistance at the $0.000019 mark.
In the last year, SHIB has surged over 125% in a move that has sparked short-term bullish sentiment for the dog-themed meme coin. Compared to emerging meme coins, however, Shiba Inu is faltering, and SHIB holders are starting to seek 100x crypto opportunities in other sectors of the crypto market, such as DeFi and web3.
Shiba Inu’s SHIB struggles to breach resistance levels amid price slump
The price of SHIB now stands at $0.00001876, which is an uptick of 126% from SHIB’s price last year. In the last 30 days, SHIB has surged only 8% in a move that represents the meme coin’s increasing volatility.
Most SHIB holders this year have not seen their portfolio experience meteoric gains, as was the case three years back when a SHIB ATH of $0.000086 was hit. What followed after Shiba Inu’s ascent was a devastating pullback that saw prices drop nearly 80%. While most altcoins have also registered sharp drops from their ATHs, rival meme coins such as PEPE, among other Solana-based coins, have surged to new ATHs this year.
Granted, SHIB still boasts strong community backing that has seen some holders in the Shiba Inu community anticipate a price surge to $0.01 during this current bull run. That would make SHIB a 100x crypto in no time, but the dog-themed meme coin has been struggling to breach the $0.000019 resistance region since July of this year.
Also, SHIB’s moving averages signal a strong buy opportunity, but trading volume continues to drop with dips as sharp as 32% on some days. The bull market is just getting started, and market watchers anticipate a bullish resurgence for meme coins once Bitcoin’s market dominance wains in 2025.
Can Lunex’s DEX and aggregator become the next 100x crypto?
Meme coins aside, Lunex‘s LNEX token is quickly emerging as a hidden gem and possibly the next 100x crypto project. Lunex represents the next step of web3 and DeFi crypto infrastructure. Its protocol is built on sourcing unlimited liquidity across disparate chains while offering a seamless token swap process that is slippage-free, reliable, and fast.
Lunex offers a DeFi swapping dApp that is non-custodial, affordable, and easy to use. Its decentralized approach has seen investors raise $2 million in its ongoing presale. With additional incentives, such as a cash-back reward program on every transaction, LNEX could capture the attention of DeFi and web3 enthusiasts. At the moment, LNEX is priced at $0.002 and more than 1.3 billion LNEX tokens have been sold. Could LNEX surge to become the next 100x crypto project in the world of DeFi and Web3?
Conclusion
Undoubtedly, the meteoric rally that saw SHIB achieve a new SHIB ATH has cooled off, given the recent struggle for SHIB to breach the $0.000019 resistance mark. Onlookers anticipate a coming bull run, but investor attention is shifting towards non-custodial web3 platforms such as Lunex.
For more information, visit the Lunex Network official website and join the online community for the latest updates.
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