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As 2024 comes to a close, cryptocurrency is becoming dog-themed Shiba Inu (SHIB) He finds himself at a pivotal moment. The cryptocurrency market is facing a major sell-off as traders reevaluate their positions through 2025, with liquidations totaling more than $280 million in the past 24 hours.
This sell-off has put pressure on SHIB's price, pushing it towards a critical support area that could determine its fate in the coming year. According to the cryptoanalyst Ali MartinezThe most important support area for the Shiba Inu is between $0.0000215 and $0.0000193.
This range is crucial for Gray To maintain current price levels and avoid further losses in the short term. If the Shiba Inu fails to hold this support, it could face a drop to $0.0000187, which coincides with the daily 20 simple moving average.
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On the other hand, this range could serve as a rising floor for the Shiba Inu, which will target $0.0000257, with further breakouts targeting $0.00003 and $0.000033.
At the time of writing, SHIB is trading within this range, down 2.02% over the past 24 hours to $0.0000212.
Shiba Inu Highlights for 2024
Shiba Inu team member Lucy shared her highlights for 2024. The Shib identity and D3 partnership were announced in January, setting the direction for 2024.
In February, a set of Shiboshis NFT was made available for free to Shiboshi holders. March saw the launch of the Shib Name Service (SNS) on D3, along with a partnership with ZAMA to integrate Fully Homomorphic Encryption (FHE) into Shibarium, the Shiba Inu's Layer 2 solution.
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Shiba Inu It raised $12 million from institutional investors to build its privacy-focused blockchain in April. In May, the Shibarium hard fork and ShibaSwap 1.5 were unveiled.
In July, Shibarium reached six million pieces for the first time. August marked the Shiba Inu's 4th anniversary and Shibarium's 1st birthday with the TREAT Yourself Tour. In September, the ShibDev Portal and NFT Bridge were launched, opening new doors for developers and creators. October was marked by highlights like ShibaSwap 2.0, traditional systems on ramps, and a Delorean commercial.
Bury 2.0, the Shiba Eternity Tournament and the GetBlock partnership were highlights of November. December saw the launch of Shib: The Metaverse, which integrates Chainlink with Shibarium alongside multi-chain burns. This year, 35.6 billion SHIB tokens were also burned.
Regarding expectations for 2025, Shiba Inu leader Chitoshi Kusama, recently stated on X: “Next year is going to be epic, and I'm so excited to share what we've built.”
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