The ex-Safemoon executives were charged with defrauding investors through unscrupulous smart contracts.
SFM price dropped over 5 percent today despite the wider altcoin market following Bitcoin in bullish sentiment.
A New York jury convicted Braden John Karony, a former CEO of the SafeMoon (SFM) crypto project, on all crucial charges earlier on Wednesday, May 21. Karony was charged by the United States Department of Justice (DOJ) with conspiracy to commit securities fraud, wire fraud, and money laundering.
The verdict was a result of a two-week trial that concluded that the ex-Safemoon executives defrauded SFM investors by draining purportedly locked liquidity for their personal gains. The case prosecutor alleged that Karony alongside Thomas Smith, a former Safemoon CTO, and Kyle Nagy, the project’s creator, misappropriated millions of investors’ funds between 2021 and 2022.
While Smith has already pleaded guilty to all charges and testified against Karony, Nagy remains a fugitive, allegedly in Russia. Meanwhile, Karony will remain in police custody ahead of his sentencing, with his properties worth over $1.8 million seized.
Market Impact on the Safemoon Project
The Safemoon project has struggled to regain market share in the recent past following the indictment of the ex-officials. The project dropped in net valuation from nearly $1 billion to about $7.5 million at the time of this writing, according to our latest crypto oracle.
Following the announcement on Wednesday, SFM price dropped over 4 percent in the past 24 hours to trade about $0.00002 during the late North American trading session.
The Safemoon project has recorded sustained bearish sentiment in the recent past despite the wider altcoin market attempting to follow Bitcoin price in bullish sentiment. Furthermore, BTC price rallied over 4 percent in the past 24 hours to trade at about $109k, while the BNB and Dogecoin led in the wider altcoin recovery.
SHIB token price could reach a maximum of $0.00006392 in 2025.
Shiba Inu price, with a potential surge, could go as high as $0.000321 by 2030.
With increasing volatility in the crypto market, the meme coins are expected to spearhead the next bull run in the altcoins. However, the second biggest meme coin, Shiba Inu, shows a volatile price range and massive movement on either side.
The ongoing price action brings us to the burning questions on every SHIB enthusiast’s mind: “Will Shiba Inu (SHIB) reach 1 cent?” or “Will Shiba Inu go up?” or “Is Shiba Inu a good investment?”
Furthermore, we’ve crafted a comprehensive Shiba Inu price prediction 2025, 2026 – 2030 to address these pressing queries.
With increased adoption and the crypto market heading toward a new high, the memecoin market could witness a meteoric rise during 2025. Plus, the developer’s visionary developments coming to fruition, and Shiba Inu becoming a major player in the metaverse, could play a pivotal role in SHIB’s future price.
That being said, with an altcoin season, the price of SHIB could reach an annual high of $0.00006392. However, if the community drives the price with typical buying and selling pressures, SHIB could settle at an annual price of $0.0000201.
On the other hand, if investors fail to keep up with the liquidity of the digital asset on exchanges, FUD and negative sentiments could lower the price to $0.0000201.
The price forecast of Shiba Inu for the year 2026 could range from $0.0000286 to $0.00009784, settling at an average of roughly $0.00006312.
Shiba Inu Coin Price Action 2027
Subsequently, the Shiba Inu 2027 Prediction indicates the price might oscillate between $0.0000369 to $0.0001253, averaging notably at approximately $0.0000811.
Shiba Inu Memecoin Price Forecast 2028
Furthermore, the SHIB Price for 2028 values between $0.0000417 and $0.0001703, converging around an average of $0.0001060.
SHIB Coin Price Targets 2029
Then, by 2029, CoinPedia’s SHIB Price envisions the coin’s value to lie between $0.0000550 to $0.000210, with a centered average of about $0.000132.
SHIB Coin Price Prediction 2030
Lastly, approaching 2030, the SHIB price could bounce between $0.0000680 to $0.000321, culminating at an average estimate of roughly $0.000194.
*The targets mentioned above are the average targets set by the respective firms.
CoinPedia’s Shiba Inu Price Prediction
As highlighted above, CoinPedia’s insight into Shiba Inu’s future remains bullish. Surprisingly, with the $0.00006000 breakout, SHIB might soar to promising highs of $0.00006392 during the upcoming altcoin season.
Conversely, on the downside, if this meme coin dives below the trendline, SHIB prices could plummet to a mere $0.0000201.
Additionally, we anticipate the SHIB price to carve a new pinnacle, reaching $0.00006392 in 2025.
By 2025, our price prediction forecasts that the Shiba coin price could be worth $0.00006392. With a potential surge, the price may go as high as $0.000321 by 2030.
How much will Shiba be in 5 years?
As per the Shiba Inu price forecast, Shiba Inu’s price may trade at an average of $0.000210 for the year 2029.
Is Shiba Inu good for the future?
With the coming updates and strong community, Shiba Inu remains a strong candidate in the crypto world.
will Shiba Inu coin reach $1?
As per our current price forecast, Shiba Inu can be bullish for the coming years but the jump to $1 seems a stretch.
How high Shiba Inu can go?
If the impact of the last halving is anything to go by, Shiba (SHIB) could easily rally to over $0.00006392 in 2025.
Can Shiba Inu reach .001 cents?
Shiba Inu stands as one of history’s most explosive investment assets. Hitting the price of $0.0001 per token looks highly unlikely, but not impossible.
How much is Shiba Inu worth?
At the time of writing, the value of 1 SHIB memecoin was $0.00001359.
How much would the price of Shiba Inu be in 2040?
As per our latest SHIB price analysis, the Shiba Inu could reach a maximum price of $0.00134.
How much will the SHIB price be in 2050?
By 2050, a single Shiba Inu price could go as high as $0.00829.
The post Shiba Inu Price Prediction 2025, 2026 – 2030: Will SHIB Price Hit $0.00005? appeared first on Coinpedia Fintech News
Story Highlights The live price of SHIB memecoin is SHIB token price could reach a maximum of $0.00006392 in 2025. Shiba Inu price, with a potential surge, could go as high as $0.000321 by 2030. With increasing volatility in the crypto market, the meme coins are expected to spearhead the next bull run in the …
Bitcoin (BTC) price has dropped below $120,000 after hitting an all-time high of $123,091 earlier today. The decline in BTC price follows fresh geopolitical tension as U.S. President Donald Trump threatened to impose 100% tariffs on Russia within 50 days if the war with Ukraine does not stop. BTC Price Pulls Back After Reaching All-Time
Bitcoin continues to maintain its upward trend ever since the token has bounced off above the $75,000 mark. The price is currently consolidating around $95,000, flashing a possibility of a breakout, which could lead to further growth, but there is still a risk of a short-term correction. The current trade setup suggests the price has been closely accumulating below a crucial range for more than a week, which has resulted in a huge price action in the recent past. Now that the volatility has dropped significantly, can the BTC price trigger a breakout beyond the pivotal resistance at $96,200?
The BTC price is heading towards the end of the consolidation period as the token continues to remain stuck within an ascending triangle in the short term. The token has held the lower support firmly, hinting towards a potential breakout. Meanwhile, the technicals are turning bearish in the long term, which raises concerns over the stability of the rally.
After breaking from the wedge, the BTC price has reached an important resistance zone and, despite a decent upward pressure, has remained within the zone. However, the price has failed to test the 0.618 FIB at $96,200, which has now become a threshold to achieve. On the other hand, MACD shows a drop in selling pressure, and the levels are heading towards a bearish crossover.
This may raise alarms, as a drop below the POC zone between $94,000 and $94,675 may bring back the levels close to 0.5 FIB at $92,062. As long as Bitcoin is below 0.618 FIB and the POC on the volume profile, Bitcoin continues to remain in a bear market. Moreover, a Fair Value Gap has been formed around $87,000, which could be filled in the coming days. Hence, the market participants need to be vigilant as the Bitcoin (BTC) price volatility is expected to kick off during the monthly close.
The post Summer Markets Could be Bearish; Bitcoin Enters Now-or-Never Trade-Here’s What’s Next for BTC Price? appeared first on Coinpedia Fintech News
Bitcoin continues to maintain its upward trend ever since the token has bounced off above the $75,000 mark. The price is currently consolidating around $95,000, flashing a possibility of a breakout, which could lead to further growth, but there is still a risk of a short-term correction. The current trade setup suggests the price has …
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