Will SHIB Miss the Next 1,000% Rally?
SHIB has risen by 0.5% in the past 24 hours, with its drop to $0.00001199 coming as the crypto market as a whole falls by the same percentage today.
Despite the market’s recent lift in response to Trump’s 90-day pause on higher tariffs, SHIB also remains down by 3.5% in a week, by 9% in a fortnight and by 57% in a year.
These are disappointing percentages for a token that was the thirteenth-biggest by market cap this time last year, with SHIB since falling down to 21st amid a relative loss of interest and growing competition.
But while it looks like SHIB’s days of stratospheric gains may be over, newer coins are appearing to fill the void it has left, with new ERC-20 token SUBBD raising over $100,000 in the first week of its presale.
SHIB’s chart is now in an interesting position
Given that its indicators look like they’ve begun to show signs of a recovery. Having touched an oversold 30 a few days ago, its RSI (purple) is currently rising towards 50, a clear sign of growing buying pressure.
Meanwhile, its 30-day average (orange) looks like it may flatten out, something which could mark the beginning of a rise towards the 200-day average (blue).
Given that SHIB has been in an oversold position since the middle of December, it really is overdue a big rebound.
Yet there are two things worth bearing in mind, with the first being that SHIB is dependent, like the rest of the market, on the development of the ongoing tariff situation.
If the US can negotiate trade-friendly deals with (or completely drop tariffs on) most countries, then the market will almost certainly continue the recovery it potentially began today.
However, if the situation worsens again, we may see SHIB fall even further.
On top of this, there’s an argument that SHIB has been suffering from a long-term decline for a couple of years now, with efforts to provide it with more utility falling short.
We have seen the launch of its own layer-two Shibarium in August 2023, as well as the launch of several Shiba Inu-themed games.
Yet such developments haven’t done enough to keep SHIB in the top 20, implying that the market is becoming less interested in the coin over time.
As such, while an improvement in macroeconomic conditions may see it return to $0.0000150 in the next few weeks, it’s doubtful whether it’s going to experience a true market-beating rally this year.
Investors Are Already Piling Into This Other ICO
Yet one coin with the opportunity to outpace market averages is SUBBD (SUBBD), an ERC-20 token that launched its very own presale last week.
It has already raised just over $140,000 in this sale, providing an early sign of how popular it could become.
One big advantage SUBBD has is that it comes with very strong utility, being the native token of an adult-oriented content creation platform.
And what’s interesting about SUBBD is that its platform will use AI-based tools to make content creation more efficient for users.
It will offer an AI personal assistant to users to help them with content creation, including the generation of ideas, advice and even content itself.
In addition, its use of crypto and blockchain will help creators monetize their content in a way that hasn’t been possible with legacy platforms.
This includes creating NFTs for particular videos and posts, as well as providing more transparent and automated payouts.
All of this gives SUBBD the potential to become the next big content creation platform, with another early sign of popularity being the fact that its X account already has 125,000 followers.
Investors can join its presale by going to the SUBBD token website. SUBBD is currently selling at $0.055125, although this price will rise multiple times before the sale ends in the next couple of months.