The cryptocurrency market shows steady growth in major assets like Shiba Inu (SHIB), Pi Network, and Bitcoin (BTC). In this article, we review the current trends and forecasts.
SHIB: Potential for Growth
Shiba Inu (SHIB) witnessed a 10% price increase last week, trading at $0.00001472. Analysts predict a further rally. One trader, JAVON MARKS, believes SHIB could reach $0.000081 by the end of 2025. Another enthusiast, pepa, predicts SHIB might double, requiring its market cap to hit $800 billion. Additionally, accelerated SHIB token burn rates suggest a potential price increase. The burn rate soared by 800% over the last 24 hours and 300% weekly, leading to over 43 million tokens being sent to a null address.
What's New in Pi Network
Pi Network recently celebrated 2,000 days since launch. However, it remains controversial due to a lack of clarity on when the open mainnet will be launched. The team extended the KYC deadline to November 30, 2024, and the mainnet migration deadline to December 31, 2024. These changes have caused frustration among community members who await the promised mainnet open roadmap in December 2024.
BTC Forecast
Bitcoin (BTC) surged to $64,500 last week before stabilizing at $63,300. BTC's growth began after the US Federal Reserve announced a 0.5% interest rate cut. Analysts believe BTC's rally could continue. User Mags predicts BTC will soon enter a 'belief' phase, while Captain Faibik expects BTC to test the $68,000 resistance level and reach a new all-time high of $88,000-$90,000 by the end of December.
The cryptocurrency market remains dynamic, drawing investor attention on the backdrop of SHIB's growth, changes in Pi Network, and positive BTC forecasts.
Comments