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January hosted an exciting start, with BTC price approaching the $49,000 mark. A significant portion of altcoins saw new highs over the last year. Double-digit daily gains had become the norm until Matrixport report and ETF approval led to profit-taking, causing altcoins to suffer for a long time.
Shiba Coin Price Prediction
Shibarium network is still not showing the expected performance. The number of new users on the network has dropped to as low as 20 daily. The number of active users is around 680, which is a 90% decrease compared to the 6000 figures from last December, continuing to be a concern for the community. Although the number of smart contracts on the network has surpassed 1300, projects that attract community interest have not emerged.
In short, even though Shibarium was launched with great expectations, it is nowhere near the testnet phase. This means the end of the story for Shiba Coin, which was expected to burn millions of dollars monthly with new network support.
Shiba Coin price has reclaimed $0.0000091 and is attempting to erase another zero with closures above $0.00000944. For now, the potential recovery targets are $0.00001049 and $0.00001142. If these areas turn into support and the second target (parallel channel resistance) is surpassed, a return to the coin’s former glory days could be possible.
BONK Coin Price Prediction
Last year’s savior of the Solana ecosystem, BONK Coin, showed the expected performance, albeit delayed. Investors who held onto airdrops and did not sell achieved massive gains when the price peaked. However, sales starting from the $0.0000348 ATH region caused BONK Coin’s price to lose value for a long time.
After the rise, the bottom was found at $0.0000095336. Now, if the price can surpass $0.0000129114 again, it could reach $0.0000157978 and $0.0000181316. After the last target, there is potential to embark on a journey back to the ATH.
PEPE Coin Price Prediction
PEPE Coin price has rebounded from the $0.00000097 bottom, but as it absorbed the volume of DOGE and others in its early days, now newer coins are eroding PEPE Coin’s volume. From a time when there were only a few popular alternatives like DOGE and SHIB, we have now reached a day with over five popular meme coin alternatives, and their growth potentials have naturally decreased.
PEPE Coin may attempt to surpass $0.00000120 in the short term; otherwise, a relaxation back to support is likely.
