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The First Meme To Hit $1? Neither Dogecoin, Nor Shiba Inu, Traders Say
Yahoo Finance· 2026-01-28 16:01
Core Insights - Pudgy Penguins (CRYPTO: PENGU) has maintained a stable trading price of $0.009500 with a market cap of $597.3 million, despite a 3.5% decline over the past week, indicating a relatively stable performance in the meme coin market [1] - Analysts suggest that while the hype around meme coins has diminished, Pudgy Penguins has the potential to outperform in the future, particularly if Bitcoin's trend improves [2] - The Pudgy Penguins brand is recognized as a significant Web3 intellectual property, which adds credibility and potential for growth beyond mere speculation [2] Market Performance - Pudgy Penguins has shown a flat trading pattern over the past month, contrasting with other meme coins like Dogecoin and Shiba Inu, which have also experienced slight declines of 2.5% and 1.9% respectively [1] - The trading volume for PENGU is considered high, and it is not viewed as an attractive short position by traders, suggesting confidence in its fundamentals [1] Brand and Community Development - Pudgy Penguins has expanded into mobile gaming with its Pudgy Party initiative, which has already attracted over 1 million players and won multiple awards, indicating strong community engagement and growth potential [3][4] - The ongoing rollout of new game seasons suggests a commitment to maintaining user interest and expanding its player base [4] Future Outlook - Analysts believe that the current market structure of PENGU resembles that of Pepe's before its significant price increase, hinting at potential for future growth [2] - A price target of $1 is viewed as achievable over time, based on the brand's strong community and market presence [3]
Shiba Inu for the Next 10 Years: Buy, Hold, or Avoid?
Yahoo Finance· 2026-01-27 13:05
Core Viewpoint - The cryptocurrency industry is largely unregulated and rapidly evolving, attracting market participants seeking quick profits, but many digital assets serve no real purpose [1] Group 1: Shiba Inu Overview - Shiba Inu (SHIB) has a market cap of $4.6 billion and has seen significant price increases since its launch in August 2020 [2] - The community, known as ShibArmy, plays a crucial role in maintaining the token's relevance and price stability [3] Group 2: Price Performance and Criticism - Shiba Inu's price is currently 91% below its peak, raising concerns about its long-term viability despite the overall cryptocurrency market performing well [4] - Critics suggest that the community supporting Shiba Inu is dwindling, indicating that the token may not return to its previous highs [4][7] Group 3: Investment Perspective - Long-term investors are advised to avoid Shiba Inu due to its price being heavily influenced by hype cycles rather than fundamentals, making it more suitable for traders [5] - The presence of Shibarium, a Layer-2 scaling solution, and ShibaSwap, a decentralized exchange, are positive developments, but the lack of developers limits the potential for greater utility [6][8] Group 4: Future Outlook - There is skepticism about Shiba Inu's ability to generate excitement among investors, with the possibility of a significant price decline over the next decade [9] - While a future bull market could temporarily boost Shiba Inu's price, any gains are expected to be short-lived, leading to a sharp decline afterward [9]
2 Overhyped Cryptocurrencies That Could Turn $100,000 Into Nothing
The Motley Fool· 2026-01-17 10:33
Core Viewpoint - The cryptocurrency market has shown significant volatility, with established tokens like Bitcoin, Ethereum, and XRP generally providing returns for long-term investors, while caution is advised for newer or less established tokens [1][2]. Group 1: Shiba Inu (SHIB) - Shiba Inu launched in August 2020 and became popular as a meme coin, but it has lost approximately 90% of its peak valuation from 2021 [3][7]. - The project has implemented burning mechanisms to reduce the total coin supply, but the impact has been minimal, and there is a lack of developer projects supporting the token [5]. - The metaverse project associated with Shiba Inu has failed to gain traction, with low engagement levels and delays leading to its classification as unsuccessful [6][7]. Group 2: Bitcoin Cash (BCH) - Bitcoin Cash was created by forking the Bitcoin blockchain in August 2017, offering lower transaction fees and faster processing times [8]. - Over the past year, Bitcoin Cash's price has increased by approximately 44%, while Bitcoin's price has decreased by 6%, giving it a market cap of around $12.7 billion, ranking it as the 11th-largest cryptocurrency [9][10]. - Despite its growth, Bitcoin Cash's market cap is still a small fraction of Bitcoin's $1.8 trillion, and institutional adoption remains low, raising concerns about its long-term viability compared to Bitcoin [10][11].
Shiba Inu Starts 2026 With a 30% Rally — Is SHIB Setting Up a Q1 Breakout?
Yahoo Finance· 2026-01-07 12:00
Core Insights - The Shiba Inu (SHIB) price has experienced a significant rebound at the start of 2026, rising nearly 30% in the first week and almost 48% from the lows on December 31 [1] - The rally is attributed to a broader surge in the meme coin sector, which has increased approximately 23% over the past week, with the Meme Season Index nearing 80%, indicating short-term momentum [2][3] Market Dynamics - SHIB's price movement appears to be part of a sector-wide beta trade rather than driven by specific project accumulation, indicating that capital is flowing into liquid meme tokens collectively [3] - Whale activity shows a decrease in whale-held SHIB supply from about 667.2 trillion tokens to 666.2 trillion tokens, equating to roughly $9 million in selling, suggesting that the rally was not fueled by new whale accumulation [4][5] Trading Behavior - On-chain data indicates that retail support may have been lacking, as the number of spent coins surged from approximately 268.9 billion to 747.1 billion tokens, an increase of about 178%, reflecting profit-taking rather than new buying [6][7] - Following January 7, spent-coin activity sharply declined to 146.0 billion tokens, representing an 80% drop, while the price consolidated, indicating that profit-taking has largely concluded without triggering panic selling [8]
I’m a Financial Expert: 4 Crypto Investments I’d Never Recommend — and 2 I Would
Yahoo Finance· 2025-12-29 17:02
Core Insights - The global cryptocurrency market is heavily influenced by Bitcoin, with its price fluctuations impacting other cryptocurrencies significantly [1] - Financial experts recommend avoiding certain cryptocurrencies, particularly meme coins, due to their lack of fundamentals and high volatility [1] Group 1: Cryptocurrencies to Avoid - Dogecoin (DOGE) is characterized as a "gambling token" with a $24 billion market cap but lacks real fundamentals, making it a risky investment [2] - Chickencoin (CHKN) is described as an "ultra illiquid micro-cap token" that poses legal and financial risks, potentially leading to significant losses for investors [3] - Pepe (PEPE) has no utility and is driven by internet hype, with its market cap peaking at $12 billion before halving, indicating high volatility and risk [5] - Shiba Inu (SHIB) is another meme coin that primarily exists as a joke, with experts advising against investment due to its speculative nature [5] Group 2: Market Outlook - Experts express a negative outlook on the cryptocurrency sector for the next 12 to 24 months, anticipating a significant market correction [6] - There is a possibility of becoming more bullish if prices stabilize at more rational levels in the coming years [6]
Coinbase Unveils New Perp Listings — Which Altcoins Made the Cut?
Yahoo Finance· 2025-12-16 09:47
Core Insights - Coinbase has expanded its derivatives offerings by introducing eleven altcoins to its perpetual-style futures, following the earlier launch of Bitcoin and Ether products [1][3][4] Group 1: Expansion of Derivatives - The introduction of perpetual-style futures for altcoins marks a significant step in the normalization of regulated crypto derivatives in the U.S. market [2][7] - The new contracts are designed to replicate perpetual exposure while complying with U.S. derivatives regulations, differentiating them from traditional perpetual contracts [3][7] Group 2: Supported Altcoins - The eleven new altcoins added to Coinbase's perpetual-style derivatives include Avalanche (AVAX), Bitcoin Cash (BCH), Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Hedera (HBAR), Litecoin (LTC), Polkadot (DOT), Shiba Inu (SHIB), Sui (SUI), and Stellar (XLM) [4][5][6] - The selection focuses on large-cap, liquid tokens with established trading histories, alongside newer projects and popular memecoins [6] Group 3: Market Implications - Coinbase's perpetual-style futures are accessible to both retail and institutional traders in the U.S., highlighting a shift towards regulated trading environments [2][7] - These futures are listed on Coinbase Derivatives and require access through registered Futures Commission Merchants (FCMs) [7]
Can DOGE & SHIB Still Hit $10? One Can — Here's The Simple Answer Why
Yahoo Finance· 2025-12-05 19:01
Core Insights - Dogecoin (DOGE) and Shiba Inu (SHIB) are being analyzed for their potential to reach a price of $10, with DOGE facing significant valuation challenges while SHIB's target appears virtually impossible [1][4]. Group 1: Dogecoin (DOGE) - To reach a price of $10, Dogecoin would require a market value of approximately $1.62 trillion, which is comparable to Bitcoin's current valuation but exceeds most global equity markets [2]. - The circulating supply of Dogecoin is around 161.6 billion tokens, and its annual inflation rate of about 5 billion coins further complicates the price target over time [2][3]. - Analysts suggest that achieving such a valuation would necessitate substantial real-world adoption and institutional investment, making the $10 target an extreme tail-risk scenario rather than a base expectation [3]. Group 2: Shiba Inu (SHIB) - Shiba Inu's situation is more restrictive, with a circulating supply of about 589 trillion tokens, implying a market value of nearly $5.89 quadrillion for a $10 price, which is over 40 times the total value of global equity markets [4][5]. - Current forecasts for SHIB suggest future prices in fractions of a cent, and while token burns exist, they are insufficient to significantly reduce the supply [5]. - To make a $10 target feasible, SHIB would need a supply reduction of over 99.999%, which is not supported by any current roadmap or governance proposals [5][7].
Should You Invest $1,000 in Shiba Inu (SHIB) Right Now?
Yahoo Finance· 2025-11-21 09:56
Core Insights - Shiba Inu (CRYPTO: SHIB) exemplifies how community engagement can influence value in the cryptocurrency sector, being designed for greater functionality than Dogecoin and built on Ethereum, yet its price is primarily driven by hype [1] - The long-term viability of Shiba Inu is questionable as it lacks real-world utility and mainly attracts speculative investors seeking quick profits, making it a poor long-term investment choice [2] - Interest in Shiba Inu has diminished since its all-time high over four years ago, and there are other crypto assets that may offer better investment opportunities [3] Investment Considerations - Potential investors are advised to reconsider investing in Shiba Inu, as it was not included in the Motley Fool Stock Advisor's list of top investment stocks, which are expected to yield significant returns [4] - Historical performance of stocks recommended by the Motley Fool, such as Netflix and Nvidia, highlights the potential for substantial returns compared to Shiba Inu's current price, which is significantly lower than its peak [5] - The Stock Advisor's average return of 1,013% significantly outperforms the S&P 500's 188%, indicating a preference for stocks with proven potential over Shiba Inu [6]
Nearly 8 Million Shiba Inu Vanish After First SHIB ETF Filing Shakes Market
Yahoo Finance· 2025-11-03 11:31
Core Insights - The filing of the first-ever Shiba Inu ETF has led to a significant increase in the burn rate of Shiba Inu tokens, with nearly 8 million tokens incinerated, marking a 208% increase in burn activity within 24 hours [1][2][4] - This event has revitalized interest in Shiba Inu, positioning it alongside major cryptocurrencies like Bitcoin and Ethereum in SEC filings, and indicating a positive shift in market sentiment [3][4][5] Summary by Sections - **Burn Activity**: A total of 7,943,107 SHIB tokens have been permanently eliminated from circulation, reflecting a dramatic increase in the burn rate [2][1] - **ETF Filing Impact**: The submission of the first Shiba Inu ETF by a major U.S. investment firm managing over $1.7 trillion in assets has sparked renewed interest in the token, validating its potential [3][5] - **Market Sentiment**: Following a period of downturn, the increase in burn activity has coincided with a slight price resurgence of SHIB, which has climbed 2.49% over the last day, indicating rising demand and optimism within the SHIB ecosystem [4][6]
Prediction: Dogecoin (DOGE) Will Be Worth More Than Shiba Inu (SHIB) by 2030
Yahoo Finance· 2025-11-03 09:22
Core Viewpoint - Dogecoin is expected to maintain a higher market value than Shiba Inu by 2030 due to its superior brand recognition and access to investment channels [1][3]. Group 1: Brand Recognition - Dogecoin has a market cap of $30.6 billion, significantly larger than Shiba Inu's $6.1 billion, indicating a strong lead in the meme coin market [3]. - The brand recognition of Dogecoin far surpasses that of Shiba Inu, which is crucial for long-term success in consumer products and cryptocurrencies alike [3]. Group 2: Access to Investment - Dogecoin has gained access to investment through a recently approved exchange-traded fund (ETF), allowing more investors to buy into it, while Shiba Inu lacks such access [4][7]. - The widening access for Dogecoin is expected to attract more capital, enhancing its market position compared to Shiba Inu [4]. Group 3: Utility and Development - There are ongoing discussions within the Dogecoin developer community about enabling smart contract support and potentially launching a Layer-2 (L2) chain, which could enhance its value proposition [5]. - Shiba Inu's existing Layer-2 chain, Shibarium, has minimal throughput and economic activity, limiting its growth potential [8]. Group 4: Competitive Landscape - Shiba Inu is currently not well-positioned for growth, facing significant headwinds in the competitive landscape of meme coins [6].