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Shiba Inu Holders Hedge with Top Crypto as SHIB Price Drops

Coin WorldTuesday, Jan 28, 2025 1:56 pm ET

1min read

Shiba Inu Price Prediction: Drop Expected For SHIB, Holders Are Hedging With January's Top Crypto Performer

The crypto market is abuzz with speculation about a potential drop in the price of Shiba Inu (SHIB), with holders reportedly hedging their positions with January's top crypto performer. While the exact reasons for this shift in sentiment are unclear, some analysts suggest that the recent dip in the price of Toncoin (TON) and Dogecoin (DOGE) may be contributing to the overall bearish sentiment in the market.

Toncoin (TON) and Dogecoin (DOGE) have both experienced a decline in sentiment recently, with some top wallets rotating funds elsewhere. While Toncoin (TON) had previously gained attention for its Telegram roots and advanced sharding system, recent data suggests that some whales have trimmed their positions, contributing to what many are calling the Toncoin-Dogecoin Dip. Critics argue that Toncoin (TON) must prove its ability to stand out against other layer-1 chains, while fans of the coin maintain that its technology can still attract users seeking speed and scalability.

Dogecoin (DOGE), known for its meme-driven surges, has also seen a decline in sentiment. Some holders fear that the coin may stagnate unless it receives new backing or re-energizes its community. While the second half of last year was filled with promises of major updates, actual developments have been modest. If Dogecoin (DOGE) cannot recapture the vibe that once propelled it, bigger investors may shift to fresh tokens in search of bigger gains.

Meanwhile, a fresh altcoin named Remittix (RTX) is stealing the spotlight, with some touting it as a potential 50x rocket with XRP-like qualities. The token has already raised over $8.2 million, selling over 385 million tokens at $0.0406. Observers believe that if mainstream users adopt Remittix (RTX), it could outpace more established coins. The buzz around a 50x surge suggests that if Remittix (RTX) nails its product rollout, it could leap in market cap similarly to how XRP once did.

Analysts remain split on whether Toncoin (TON) and Dogecoin (DOGE) will regain lost ground or if the exodus

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