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Shiba Inu (SHIB) has been facing intense selling pressure as the broader crypto market has recently experienced a bearish trend . The downturn has threatened SHIB’s standing among the top 20 digital assets. However, Shiba Inu’s marketing lead, Lucie, remains firm on the project’s significance, issuing a strong statement that reaffirms its core identity in the crypto world. In an update on X, Lucie emphasized that SHIB is not just another meme coin but the foundation of an expanding ecosystem. She reinforced this with a bold comparison: SHIB is our BTC. The statement reflects the team’s belief that SHIB holds a central position within its ecosystem, just as Bitcoin (BTC) does for the broader market. Beyond its role as a token, Lucie highlighted the broader Shiba Inu ecosystem, which includes BONE, SHIB, and Shib: The Metaverse. “For me, that means everything—TREAT, BONE, SHEB, LEASH, Shiboshis, and Shib: The Metaverse,” said Lucie. SHIB has been caught in the wider market downturn, and the price has faced sharp fluctuations. Lucie attributes this instability to “manipulation” rather than fundamental weaknesses in the crypto sector. At the time of writing, SHIB faced a 6.40% decline in the last 24 hours, with its price reaching $0.00001168. Lucie said: The market was liquidated due to political fear-mongering and manipulation, but there’s no reason to stop—only to push harder, However, trading volume saw a 34% gain, reaching 470 million in the same period. This spike has sparked speculation that large holders , often referred to as whales, may be returning to the market. However, on-chain data suggests that many major investors have been offloading their SHIB holdings, increasing the selling pressure. One key indicator, the Large Holder Netflow metric, has turned significantly negative, signaling a wave of sell-offs. This activity has been a notable driver behind the asset’s recent struggles. Yet, despite whale movements, some analysts believe SHIB still holds strong potential for long-term growth. Davinci Jeremie, a well-known early Bitcoin investor, recently shared his thoughts on SHIB’s prospects. “I like Shiba Inu,” he said in a video update. However, he tempered expectations, stating : I think Shiba Inu is going to do relatively well in this cycle, but it may not go as high as you expect. Jeremie, who gained widespread recognition in 2013 for urging people to invest even $1 in Bitcoin, pointed to Shibarium as a potential growth catalyst for SHIB. The layer-2 network provides low-cost transactions and an infrastructure for decentralized applications (dApps), which could significantly enhance SHIB’s utility. Despite that potential, adoption remains limited. He described Shibarium as a network capable of hosting various applications at minimal cost but noted a lack of active users and practical use cases for tokens within its ecosystem.

Shiba Inu is currently trading at $0.00001166, a 5.0% loss in the past 24 hours. This dip comes as the broader crypto market experiences turbulence. Despite the decline, the project’s team remains confident, emphasizing its long-term vision and ecosystem growth. Lucie, Shiba Inu’s marketing lead, urged the community to stay confident in a tweet, stating , “SHIB is our Bitcoin.” Her statement highlights the project’s ambition to position itself as more than just a meme token. Instead of just focusing on price movements, the team stresses its long-term vision. This is their core message to holders. Shiba Inu has grown into a broader ecosystem beyond its original identity. It now includes additional tokens, such as BONE, TREAT, LEASH, and a metaverse project. The team has also launched Shibarium, a Layer 2 blockchain designed to enhance scalability and reduce transaction fees. Related: Shiba Inu Faces Adoption Dip, Yet BONE Token Seen as Mirroring XRP, ADA Success Lucie reaffirmed that the project is focused on long-term growth rather than short-term price fluctuations. She stressed that development efforts are still underway, reinforcing Shiba Inu’s position in the crypto market. The broader cryptocurrency market has dealt with significant pressure, and SHIB has not been immune to the downturn. Lucie said the decline is due to political uncertainty and market manipulation rather than weaknesses within the project itself. Despite Shiba Inu’s price dropping by 29% in the past month, technical indicators point to potential for a recovery. SHIB is getting close to the end of a falling wedge pattern, a formation often linked to price rebounds. A strong buying wall has been established around the $0.0000115 level, providing a key support zone for the token. Trading volume has surged by over 50% in the past 24 hours, reaching $487.68 million, suggesting that investor interest remains strong. Related: Shiba Inu (SHIB) Set for 480% Surge? Analyst Price Target Sparks Hope Beyond SHIB’s internal developments, external economic and political conditions continue to impact market movements. Decisions by Donald Trump have recently contributed to a $440 million loss throughout the cryptocurrency sector, adding to investor uncertainty. While the market remains unpredictable, Shiba Inu’s expanding ecosystem and strong community support suggest that investors are still betting on its long-term potential. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

It seems like you're sharing an analysis or insight into the $SMOG cryptocurrency. Here's a brief breakdown of your statement: Support at $0.045: $SMOG has established a strong support level at $0.045, which indicates potential for upward movement as the price consolidates above this level. Targeting $0.14: Based on current market behavior and support levels, $SMOG is aiming for a price target of $0.14. This suggests a bullish outlook in the short to medium term. Growing volumes: An increase in trading volume is a positive sign, as it suggests that more investors are taking an interest in $SMOG, possibly driving up its price. $LEASH and $LADYS support: The involvement of other tokens like $LEASH and $LADYS may be contributing to $SMOG's positive momentum, signaling a broader interest or market trend. Bitcoin dominance: You're observing Bitcoin dominance as a key factor, as the broader crypto market's performance, especially Bitcoin, often influences the price direction of altcoins like $SMOG. This type of analysis is useful for tracking potential trends, though it's important to remain cautious and continue monitoring the broader market.

❤️💫$SMOG consolidates at $0.045 support and sets its sights on $0.14 Growing volumes supported by $LEASH and $LADYS signal potential upside. Observing Bitcoin dominance will clarify how macro market forces shape $SMOG's course❤️💫

Dear Bitgetter, Bitget is delisting a total of 45 trading pairs on January 2, 2025, 10:0 (UTC). Details are as follows: 1.Delisting spot trading pair(s): $GPTV/USDT,$ROSA/USDT,$ANDY/USDT,$KHAI/USDT,$PARAM/USDT,$SHRAP/USDT,SPURS/USDT,$BABYGROK/USDT,AABL/USDT,CHAT/USDT,AVACN/USDT,BOBO/USDT,CATDOG/USDT,MAND/USDT,MONGY/USDT,MSN/USDT,AIT/USDT,AL/USDT,BABYBONK/USDT,BIAO/USDT,BICITY/USDT,CVTX/USDT,DFI/USDT$,EGO/USDT,$EML/USDT,GCAKE/USDT,GLQ/USDT,GOMD/USDT$,GRAPE/USDT,LEASH/USDT,LSD7/USDT,MMIT/USDT,MNTC/USDT,OMI/USDT,PEW/USDT,$PGT/USDT,PIP/USDT,$RBN/USDT,$REEF/USDT,ROG/USDT,TIMESOL/USDT,UBXS/USDT,VELA/USDT,VGX/USDT,VRA/USDT 2.Deposit services for the delisted pairs are now suspended. Withdrawals will remain open for users until February 2, 2025, 10:0 (UTC). 3.Note that all pending trade orders for the mentioned pairs will be automatically canceled. For more information, please refer to our official announcement: Notice of Delisting 45 Spot Trading Pairs on 2 January 2025 Please withdraw the delisted token before February 2, 2025, 10:0 (UTC). Feel free to contact customer support if you have any queries. Thank you for your understanding and support