Schlagwort: crypto business

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Shiba Inu price slips despite payment card and 114M token giveaway launch: here’s why

  • Whale selling and market fear push the Shiba Inu price lower.
  • SHIB card launches with zero fees and free rewards for early users.
  • Technical weakness keeps SHIB below key moving averages and support.

Shiba Inu price is facing renewed pressure despite the launch of an innovative SHIB-branded payment card and a major token giveaway.

While the launch of the SHIB card and accompanying SHIB rewards is a high-profile attempt to stimulate activity, the memecoin’s technical and market fundamentals suggest ongoing headwinds.

Shiba Inu launches SHIB payment card and rewards

Shiba Inu has partnered with digital asset exchange Bitget to introduce a custom SHIB-themed payment card, marking a step toward mainstream crypto adoption.

The SHIB card allows users to spend up to $400 per month in crypto with zero fees, including no conversion costs, foreign exchange fees, or hidden spreads.

Opening the Bitget Wallet Card is completely free, lowering the barrier for new users eager to integrate SHIB into daily transactions.

To celebrate the launch, the Shiba Inu ecosystem also rolled out a generous rewards program.

The first 100 users to claim the SHIB × Bitget Wallet Card will share a pool of 114,678,899 SHIB, while all subsequent participants receive $5 in SHIB.

The promotion runs from November 19 to November 26, with all rewards set to be distributed on November 28.

According to the official Shiba Inu X account, this campaign is designed to show the world how the ShibArmy can spend crypto, combining utility with community incentives.

Market headwinds weigh on Shiba Inu price

Despite these positive developments, the Shiba Inu price has dipped 3.83% in the past 24 hours, underperforming the broader crypto market, which fell 3.2%.

The decline extends the token’s seven-day loss of 12.32%, reflecting weak technical signals and heightened market risk aversion.

A major factor behind the drop is significant whale activity, with over 60 billion SHIB moved to exchanges in the past 24 hours.

Large inflows often precede selling, particularly in low-liquidity conditions, amplifying the risk of price declines as buyers struggle to absorb the additional supply.

Investor sentiment has also played a role, as the Fear & Greed Index shows “Extreme Fear” at 16/100.

Bitcoin dominance has also risen to 58.44%, signalling a rotation of capital away from riskier altcoins like Shiba Inu.

SHIB’s high-beta nature makes it particularly vulnerable during periods of market-wide risk aversion, and its lack of intrinsic utility exacerbates the impact.

Metrics reflecting the altcoin season indicate a diminishing appetite for speculative tokens, further weighing on the SHIB price.

Technical analysis signals a bear market

From a technical analysis standpoint, Shiba Inu (SHIB) continues to trade below key moving averages, with the 7-day SMA at $0.000009027 and the 30-day SMA at $0.0000097059.

In addition, the RSI sits at 39.04, indicating no oversold conditions and limited upward pressure from buyers.

Furthermore, the volume contraction of 22.57% reinforces the lack of momentum, suggesting that even moderate selling could push the price lower.

According to the analysis, the June low of $0.0000083 serves as a critical support.

Shiba Inu price outlook

While the launch of the SHIB × Bitget Wallet Card and the 114M SHIB giveaway have generated excitement, they have not offset broader market and technical challenges.

Whale selling pressure, extreme fear sentiment, and weak technical indicators could limit the short-term impact of SHIB card adoption and reward incentives.

As a result, traders should watch the November low of $0.00000843, especially if exchange inflows persist.

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SOL dips below $140 as market sentiment remains bearish

Key takeaways

  • Solana is down by less than 1% and is currently trading below $140.
  • Canary Capital and Fidelity announced the launch of their spot Solana ETFs SOLC and FSOL on Tuesday.

SOL down 1% despite positive fundamentals

SOL, the native coin of the Solana blockchain, is down by less than 1% in the last 24 hours and is currently trading below $140. This bearish performance comes despite Canary Capital and Fidelity announcing the launch of their spot Solana Exchange Traded Funds (ETFs), SOLC and FSOL, on Tuesday.

The news boosted market sentiment amid growing institutional investors. However, it didn’t translate into a positive rally for SOL, as the coin continues to eye the weekly support level around $128. 

Fidelity became the fourth asset manager to launch an SOL ETF and also added a staking feature to the fund. This latest development indicates growing institutional interest in Solana-based investment products, which could become a bullish outlook for SOL in the long term. 

SOL could retest the $128 low as bearish momentum persists

The SOL/USD daily chart is bearish and efficient as Solana has underperformed over the past few days. SOL faced rejection at the daily level of $168.79 last week and has lost over 22% of its value since then. At press time, SOL is trading above $136 per coin after hitting the $144 level on Tuesday. 

SOL/USD Daily Chart

If the current support level at $128.68 continues to hold, SOL could extend the recovery toward the next major resistance and TLQ level at $160. The RSI on the daily chart currently stands at 34, indicating that the bearish trend remains strong.

However, if SOL’s daily candle closes below $128.68 over the next few hours, the coin could extend its decline toward the next daily support at $118. Currently, the trend and order flow are negative, indicating that sellers are in control.

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Litecoin Price Forecast: Weak demand could push LTC below $90

Key takeaways

  • LTC is down 1.7% in the last 24 hours and is trading above $93 per coin.
  • The bearish performance comes amid weakening demand.

LTC stays below $100

The cryptocurrency market has underperformed earlier this week, but the selling pressure has subsided in the past few hours. Litecoin is currently down by 1% in the last 24 hours and is currently trading above $93, down from the $95 weekly high it reached a few hours ago.

Despite the recent price action, the fundamentals for Litecoin remain neutral. The total supply of LTC coins in profit dropped to 57%, creating a heavy selling activity, with investors posting a combination of loss realization and profit-taking in the past few days.

According to the data obtained from Santiment, the distribution comes mainly from investors who purchased the cryptocurrencies over the last two months. 

This weakness is also significant across US spot Litecoin exchange-traded funds (ETFs) as they have failed to attract demand. 

Data obtained from SoSoValue shows that since the launch of the Litecoin ETFs in October, they have attracted a cumulative net inflow of $7.26 million, according to SoSoValue data. The only spot Litecoin ETF available in the US is Canary’s LTCC.

On the derivatives market, Litecoin’s funding rates flashed negative twice over the last two days. This indicates short traders are gaining momentum in the Litecoin market. Litecoin’s Open Interest (OI) has recovered slightly to 5.57 million LTC but remains far from pre-October 10 leverage-flush levels of 8.80 million LTC.

LTC could retest the $90 support level

The LTC/USD daily chart remains bearish and inefficient as the coin has lost 8% of its value in the last seven days. Litecoin dipped to the $90.2 support level on Tuesday but quickly rallied to the $95.4 resistance area. It failed to overcome the $95 resistance area and is now trading above $93.66. 

LTC/USD Daily Chart

The Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) are below their neutral levels, indicating that the bears are currently in control of the market. 

If the bullish recovery continues, LTC could rally above the $116 efficiency level over the next few hours. However, LTC could drop to the $80 support level if the bulls fail to defend the $90.2 region.

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Dogecoin price holds $0.15 as key DOGE metric flashes green

  • Dogecoin traded at $0.15 as bulls looked to hold the advantage at the price level.
  • A successful breach of $0.18 could ignite fresh gains.
  • Key targets include $0.30 and $0.50, which could be within reach if bullish momentum emerges across memecoins.

Dogecoin (DOGE) price is showing signs of a possible reversal as bulls hold the $0.15 mark amid the latest market volatility.

This comes as a critical on-chain metric turns positive, suggesting a potential shift in momentum for the popular memecoin.

However, cryptocurrencies are in a downbeat mood as sentiment tanks alongside major price dips.

In this case, DOGE may come under fresh sell-off pressure.

That’s the same outlook that analysts have pointed out for top alts, including XRP, Solana and Chainlink.

Bitcoin also hovers at $91,500 as spot ETF outflows spike.

Dogecoin price: bulls target a bounce off the $0.15 level

As top altcoins battle to hold key price levels, Dogecoin’s price action appears to be mirroring this trajectory.

The memecoin has seen a notable dip since wicking into resistance above $0.18 on November 11, 2025.

Notably, DOGE dipped to just under $0.15 on Nov. 17, extending losses since the $0.30 level.

The area marks a multi-month demand and supply zone, which incidentally is a key hurdle bulls have to surmount.

Nonetheless, DOGE finding support at the current levels align with bulls crowding at the major support line of a broadening wedge pattern.

DOGE exchange flows flip positive

A notable observation from analyst Ali on X is that Dogecoin’s exchange net position has changed.

Per data from Glassnode, which Ali shared, the supply of DOGE on exchanges has recently turned positive.

The chart shows that this development has historically preceded sharp price rebounds for the altcoin.

Notably, the latest shift occurs as DOGE price hovers near $0.15 and close to the $0.20 mark.

As the analyst suggests, potential accumulation could set the stage for a bullish reversal for the DOGE price.

Dogecoin price prediction

Price has dipped since bears showed up at $0.30, a multi-month demand and supply zone.

Dogecoin Price Chart
Dogecoin price chart by TradingView

However, prices are holding firm near $0.15 as the level marks a key floor for bulls within a broadening wedge pattern.

Daily RSI is at 39 and off the oversold level to signal a potential reversal.

Elsewhere, the MACD supports buyers with a bullish crossover hint.

If buyers get $0.18, fresh gains could mean a breakout to $0.30 and then $0.50.

DOGE leading a memecoin resurgence could be key. On the flipside, losses below $0.15 will add to growing pressure.

Ali notes that bulls accumulated more than 27.4 billion DOGE at the $0.08 price level.

This makes the zone bulls’ most significant support level, should bears pierce the $0.10 level.

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Coinbase taps Kalshi to develop prediction markets platform

  • Coinbase plans a prediction markets platform using Kalshi’s regulated system.
  • Users can trade USDC or USD across sports, politics, and tech events.
  • Move aligns with Coinbase’s goal to become an “everything exchange.”

Coinbase is preparing to enter the rapidly growing prediction markets sector, leveraging the regulated infrastructure of Kalshi to build its own platform.

Screenshots shared by tech researcher Jane Manchun Wong suggest the cryptocurrency exchange is creating a fully branded interface that would allow users to trade event-based contracts using USDC or US dollars.

Coinbase builds on regulated infrastructure

The leaked images reveal a prediction markets website under development by Coinbase, featuring its branding and a clean, user-friendly layout.

The platform is set to operate through Coinbase Financial Markets, the exchange’s derivatives arm, in partnership with Kalshi, a federally regulated prediction market approved by the Commodity Futures Trading Commission (CFTC).

This regulatory backing positions Coinbase to offer legally compliant event-based trading in the United States, which has become a critical consideration for exchanges seeking to expand into this sector.

According to the screenshots, users will be able to trade on events spanning economics, sports, science, politics, and technology.

The interface hints that new markets will be introduced frequently, suggesting that Coinbase aims to maintain a dynamic and engaging platform for participants.

The website also includes a FAQ section and an onboarding guide, reflecting Coinbase’s intent to make the service accessible to both experienced traders and newcomers.

Coinbase’s strategy to become an “everything exchange”

Coinbase has previously indicated its ambition to evolve into what it calls an “everything exchange.”

Adding prediction markets aligns with this goal, providing users with another avenue to engage in crypto-based financial products.

The partnership with Kalshi, announced in November, allows Coinbase to act as custodian for Kalshi’s USDC-based event contracts, further solidifying its foothold in this emerging market.

The move also reflects the broader industry trend. Other major crypto exchanges have been moving aggressively into prediction markets.

Crypto.com recently launched a platform integrated with Trump Media, while Gemini has filed with the CFTC to become a designated contract market as part of its effort to create a “super app.”

Prediction markets have witnessed explosive growth in 2024 and 2025, with platforms such as Kalshi and Polymarket reporting record volumes as users increasingly turn to event-based trading ahead of major political, economic, and cultural moments.

Expanding global ambitions

This development comes alongside Coinbase’s recent international expansion with the launch of Coinbase Business in Singapore, a platform designed for startups and small businesses.

The Singapore platform offers instant USDC payments, global transfers, and automated accounting integrations, supported by real-time SGD banking rails via Standard Chartered.

By blending fiat and crypto under clear regulatory standards, Coinbase is positioning itself as a trusted partner for businesses navigating the evolving digital payments landscape.

Taken together, these moves demonstrate Coinbase’s strategic push into both innovative trading products and international markets.

The prediction markets platform, backed by Kalshi, gives Coinbase a foothold in one of the fastest-growing segments of the crypto economy, while the Singapore expansion highlights its commitment to regulatory compliance and practical financial solutions for global users.

As prediction markets continue to attract interest, Coinbase’s entry into the sector could intensify competition and further validate event-based trading as a mainstream financial offering.

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