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Shiba Inu Marketing Lead Rejoices As SHIB Price Rallies 16%, Flips Cardano
Shiba Inu (SHIB), a popular meme crypto, witnessed a 16% surge in price and has overtaken Cardano (ADA) in market capitalization. This development was highlighted by Shiba Inu’s marketing lead, Lucie, who took to social media to share the news. Moreover, she lauded the recent SHIB price rally.
Lucie On Shiba Inu Flipping ADA
In a post on X, the Shiba Inu marketing lead stated, “$SHIB flipped $ADA (again today).” The flip signifies a noteworthy shift in the dynamics of the crypto market, particularly in the rankings of major digital assets. Furthermore, the SHIB meme coin attained the 10th spot in the crypto ranking by market cap.
Additionally, Shytoshi Kusama, the lead developer in the Shiba Inu ecosystem, became active on X amid the recent surge. He took to X and wrote, “WOOF” to highlight the market optimism around dog-faced cryptocurrencies, especially SHIB. Moreover, the post with just one word was enough to instill further confidence in the SHIB community.
As of today, Shiba Inu’s market cap stands at approximately $16.82 billion. This edges out Cardano, which is holds a market valuation of around $16.5 billion. The surge in SHIB’s market value is attributed to a combination of factors, including increased investor interest, strategic partnerships, and recent technological upgrades.
Moreover, the latest achievement is backed by a perfect technical analysis score of 100 for SHIB, as spotlighted by Lucie. The Shiba Inu market lead posted a video that suggests the SHIB price to have a “very bullish” trajectory in the future. This score suggests that SHIB is poised for further growth, driven by strong market sentiment and technical indicators.
Earlier, during the March 2024 rally, the Shiba Inu meme coin had surpassed Cardano. However, within a month ADA took its place back owing to a massive bearish trend that led to significant losses in the SHIB price. Nonetheless, the latest surge makes up for it.
Also Read: Shiba Inu Coin Team Lauds K9 Finance On Major Listing, KNINE Price Soars
SHIB Price Today
The Shiba Inu price soared nearly 16% today and surpassed the $0.000028 mark, breaking out from the $0.000025 resistance level. This suggests that SHIB could hit the next target set at $0.00003, which could a major milestone. Meanwhile, the Shiba Inu price jumped 15.93% to $0.00002867 at press time on Wednesday, May 29.
Furthermore, the trading volume for SHIB spiked 96.60% to $1.95 billion in the last 24 hours. In addition, the short position holders dominated liquidations with a whopping $1.04 million liquidated, according to Coinglass. These traders are expected to use the sale proceeds buy their positions back to mitigate losses from the latest price hike.
Hence, the buying pressure could boost the SHIB price further, however, the risk of a forthcoming dump is also higher. Thus, investors should consider a cautious approach. Whilst, the SHIB futures open interest rocketed 32.51% to $120.80 million, indicating renewed interest among derivatives traders.
Also Read: SHIB Price Analysis: Why Is Shiba Coin Inu Holding Back $0.000035-Bound Breakout
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Cardano price is nearing a key technical milestone that may signal a shift in its price momentum. The cryptocurrency, currently priced at $0.6484, has shown a 2.45% decrease in the last 24 hours. However, technical indicators suggest that ADA price is heading towards its first “death cross” of 2025.
Cardano Technical Indicators Point to Bearish Momentum
Cardano’s recent price action suggests that the 50-day simple moving average (SMA) is likely to cross below the 200-day SMA in the coming days. This crossover, known as the death cross, is typically seen as a bearish signal. As per our recent Cardano price analysis, should the death cross occur, ADA could dip 25%.
At the time of writing, the 50-day SMA stands at $0.74, while the 200-day SMA is at $0.734. As the 50-day SMA continues to decline, it indicates that the short-term momentum of Cardano is underperforming compared to its long-term trend. A death cross often leads to a further decline in price, although the extent of the drop can vary.
Despite the approaching death cross, it is important to note that such technical indicators are not always reliable predictors of future price action. While historical patterns may provide insight into market sentiment, they do not guarantee that prices will follow the same trajectory. This means that ADA price could experience a reversal even after the death cross forms, depending on other market factors.
Recent Price Trends and Market Conditions
ADA price has seen a notable decrease in Cardano price over the past week, with a 7.67% drop. After peaking at $1.19 in early March 2025, the coin has struggled to maintain its momentum, particularly as broader market concerns weigh on investor sentiment.
On top of this, Cardano’s trading volume has been decreasing. The daily trade volume has dropped by 58.72%, with just under $394 million traded in the last 24 hours. A decrease in trading volume typically suggests that market participants are losing interest or that there is waning demand for ADA.
Despite these challenges, there have been some positive developments surrounding Cardano. Charles Hoskinson, the co-founder of Cardano, recently confirmed that Ripple’s RLUSD stablecoin would be launching on the Cardano network. This news was met with some optimism, sparking interest in ADA. Additionally, Hoskinson teased the possibility of Cardano playing a role in Bitcoin’s decentralized finance (DeFi) ecosystem. These announcements could potentially help Cardano regain momentum, but for now, the technical indicators suggest a cautious outlook.
What Could Happen Next for ADA Price?
As Cardano approaches the death cross, the primary question is whether the price will continue its downward trend or if there will be a reversal. The chart shows a pattern of consolidation, with ADA price action fluctuating within certain support and resistance zones.
According to crypto analyst Seth fin, strong support is seen around the $0.6000–$0.6500 range, while resistance lies near the $0.7000–$0.7500 levels. If ADA fails to break through the resistance, the price could continue its decline towards these support zones.
One potential scenario is that price could experience a bounce if the Cardano price holds at these support levels, particularly the $0.6000 zone. This would signal that the market is still interested in buying ADA at lower prices. On the other hand, if the price fails to hold these support zones and breaks below them, further downside may follow, potentially leading to a retest of lower support zones in the $0.3000–$0.4000 range.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
After Pi Network lost over 20% over the last week, analysts are mooting suggestions to save Pi Coin from slipping further. Pi Network enthusiast Dr Altcoin says the PiCoreTeam can inject new life in the short term by burning a considerable amount of Pi Coins.
Pi Network Has To Burn Pi Coins As A Quick Fix For Falling Prices
As the Pi Network price threatened to fall to $0.3, an expert has waded in to share solutions to stave off the decline. Community member Dr Altcoin opines that investors have to come to terms with the current reality of the network amid the steep decline.
According to an analysis on X, Dr Altcoin notes that a steeper correction will delay Pi Network from reaching a new all-time high. To prevent an even bigger drop, the expert urges the PiCoreTeam (PCT) to burn a large number of Pi Coins.
According to Dr Altcoin, burning Pi will be a short-term solution to address declining asset prices. By removing coins, Pi coins from circulation, tokens become scarce, driving up prices to trigger a rally.
“The quick fix?” asked Dr Altcoin. “The PCT should burn its damn billions of Pi Coins from those 20,000+ Pi Foundations wallets.”
Right out of the bat, the PCT controls over 80 billion Pi coins distributed across several wallets. While burning Pi can improve prices, a Pi token unlock has stoked bearish sentiments among investors, sending prices below $1.
Long-Term Plan For Pi Hangs In The Balance
While the short-term direction of Pi can be impacted by burning tokens, Dr Altcoin’s long-term fix leaves things to fate. The expert says there is little the PCT can do but to “wait” and “hope” for a long-term upward trajectory akin to Bitcoin.
“The long-term fix?” said Dr Altcoin. “Wait patiently and hope it evolves like BTC, not ends up like XRP.”
Despite waiting on their hands, there are a few things the PCT can do to put Pi Network on the right path. For starters, Dr Altcoin says the PCT can improve its Know Your Business (KYB) process for projects keen on building in the ecosystem. The PCT has caught some flak after PiDaoSwap launched NFTs on BSC following KYB delays.
Dr Altcoin adds that the PCT’s transparency in the token burn and unlock mechanism will play a role in Binance and Bybit listing Pi on their exchanges, potentially driving prices northward.
While Pi price has recorded double-digit losses in the seven-day chart, prices are upbeat over 24 hours. Pi price has surged by 18% while trading volumes are hurtling toward the $1 billion mark. Despite the surge, the asset is not in the clear yet as Pi musters its strength in an attempt to flip the $0.90 resistance point.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Cryptocurrency exchange giant Binance has captured significant investor attention with its latest announcement on the Bitcoin staking protocol, Babylon (BABY). On Saturday, April 5, the exchange revealed in an official announcement that users remain poised to partake in BABYUSDT perpetual contract trading shortly ahead. Mentioned below are some vital details market participants should know as they look to capitalize on such emerging market opportunities.
Binance Announces Futures Listing For Babylon
An official release by the crypto exchange revealed that its ‘Futures’ division is adding a BABYUSDT perpetual contract to its stockpile of offerings. Starting today at 13:30 UTC, the platform’s colossal user base can avail of this trade offering with up to 5x leverage.
Moving on to other details, the capped funding rate for this project was at +2.00% / -2.00%. Babylon is a Bitcoin staking protocol that permits users to stake their BTC in exchange for earning rewards.
Why Did Binance Add BABYUSDT?
According to the CEX’s announcement, this decision comes primarily to expand the list of trading choices offered to users on the platform. The crypto exchange titan continues to cement its global ranking by tapping into emerging markets across the globe.
What’s More?
Binance added that it will apply the ‘Mark Price’ methodology for the asset’s pre-market futures trading period. Notably, the BABYUSDT perpetual contract is a pre-market futures contract where the price is calculated strategically. Traders can move on to the official announcement to know more about ‘Mark Price.’
“Pre-market perpetual futures contracts will be converted to standard perpetual futures contracts when a stable index price can be derived from the spot market,” the top exchange clarified. Further, the pre-market trading end will be announced separately to avoid user misunderstanding.
Altogether, the enhanced market support for the Bitcoin staking protocol has captured noteworthy attention towards the project as one of the top crypto exchanges supports it.
Recent Listings On Binance Gain Traction
Simultaneously, it’s worth pointing out some other recent listings on the leading crypto exchange. CoinGape recently reported that the exchange listed Broccoli, TUT, and other 4 crypto and offered support to their market dynamics.
On the other hand, the CEX again sidelined the Pi Network listing despite the crypto’s burgeoning popularity. Crypto market watchers extensively eye the exchange’s trade offering updates in order to capitalize on emerging market opportunities.
Some other new and upcoming listings on Binance include Hyperliquid, Mantle, and Kaspa, among many others.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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