Will Shiba Inu Price Hit $0.0001 if CME Launches SHIB Futures?

Monicah W

Will Shiba Inu Price Hit $0.0001 if CME Launches SHIB Futures?

Shiba Inu (SHIB) price is trading higher today, May 7, as the crypto market reacts to the bullish news around the possibility of the US and China reaching a trade deal. This meme coin may be on the verge of even more gains as speculation grows that institutions may turn towards SHIB. In this article, we look at how high Shiba Inu can rally and whether it will reach $0.0001 if CME launches the meme coin’s futures product.

Will CME Launch SHIB Futures?

The CME Group will be launching Ripple (XRP) futures on May 19, in a move that has fuelled speculation about whether SHIB will be next on the trading platform. While Shiba Inu already has a notable presence in the crypto derivatives market with $154M in open interest according to data from Coinglass, its entry into the CME could draw more institutional interest and support price gains.

CME has yet to unveil any plans to launch the product, but the current events in the crypto industry suggest that it may happen. The ongoing flurry of spot ETF filings for different altcoins is driving speculation on whether asset managers will also file for a spot SHIB ETF.

The SEC is already considering the submitted filing for a spot DOGE ETF, and per Bloomberg analysts, Dogecoin has an 80% chance of approval. With the possibility of a meme coin ETF entering the market, the crypto market is awash with expectations that the second-largest meme token, Shiba Inu, will follow.

However, the likelihood of a spot SHIB ETF filing and potential SEC approval remains unlikely, but the top meme coin already has an active derivatives market. This means that it is more likely for SHIB futures to launch before ETFs are filed.

Shiba Inu Price Targets $0.0001 as Bullish Pattern Emerges

Shiba Inu price is on the verge of massive gains as the technical outlook leans towards a bullish trajectory due to the appearance of a double-bottom pattern. This formation has appeared on the monthly chart as SHIB battles to defend support at $0.000010. This support level also doubles as a demand zone where buyers are likely to enter to support an upward trend.

If this altcoin can overcome resistance at the neckline of this double-bottom at $0.000021, it may pave the way for the next bull run and a Shiba Inu price prediction to the target price of $0.000030. Overcoming this resistance will then put the meme coin on the trajectory to reach the prior ATH of $0.000088, after which $0.0001 will be achieved.

Will Shiba Inu Price Hit $0.0001 if CME Launches SHIB Futures?
SHIB/USDT: 1-Month Chart

Therefore, as speculation grows rife about a potential surge in institutional interest towards SHIB amid an already active derivatives market, CME may launch meme coins futures products. Such a launch may draw institutional demand, and see the Shiba Inu price record notable gains and possibly reach the $0.0001 price target as depicted in the double-bottom formation.

The post Will Shiba Inu Price Hit $0.0001 if CME Launches SHIB Futures? appeared first on CoinGape.

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4 Altcoins to Sell Ahead of Trump’s Crypto Summit on March 7 to Avoid Long Term Losses

4 Altcoins to Sell Ahead of Trump's Crypto Summit on March 7 to Avoid Long Term Losses

As of March 7, the crypto market is in recovery following weeks of corrections. However, bearish momentum remains strong, keeping most cryptocurrencies near their support levels. The broader market saw significant liquidations as uncertainty persisted. With fears of prolonged declines, analysts warn of potential risks, making it crucial to identify an altcoin to sell before further downturns.  

4 Altcoins to Sell Ahead of Trump’s March 7 Crypto Event

Two days to Donald Trump’s first Crypto Summit on March 7 2025, industry leaders, CEOs, and government officials prepare for key discussions. 

Market analysts anticipate volatility, with potential price drops for certain altcoins, if regulatory policies or economic outlooks appear unfavorable during the event. Let’s uncover these four altcoins to offload, including TON, SOL, LEO, and TIA.

Toncoin (TON)

Toncoin (TON) struggles as market conditions weaken, facing strong resistance and limited support. The price hovers at $3.00, marking a 1.53% daily increase. However, a 15% weekly decline signals a bearish sentiment.

TON’s market cap has dropped significantly, slipping from the 11th to the 21st position. Traders consider it an altcoin to offload ahead of Trump’s Crypto Summit on March 7, fearing further declines.

4 Altcoins to Sell Ahead of Trump's Crypto Summit on March 7 to Avoid Long Term Losses
Source: TradingView

LEO

BitMart has confirmed the listing of UNUS SED LEO (LEO), set to launch at 20:00 (ET) on March 5. The exchange will open trading for the LEO/USDT pair. LEO serves as the utility token for Bitfinex, the cryptocurrency exchange managed by iFinex. 

A unique token burn mechanism ensures that iFinex repurchases LEO monthly. This strategy aims to reduce supply over time. At present, LEO is priced at $9.80, reflecting a 0.36% decline in the past 24 hours.

Solana (SOL)

Solana (SOL) price has been trading with strong volatility, making it an altcoin to sell ahead of Trump’s crypto summit on March 7. The price has dropped 52.08% from its $294 high, now hovering below $150. 

An analyst noted that despite rejection, SOL defended the $125 support and is squeezing against the main downtrend resistance. This movement signals potential liquidation as uncertainty builds in the market.

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Celestia (TIA) 

Celestia (TIA) is trading at $3.30, reflecting a 15% decline over the past week. The token has been on a consistent downtrend in recent months, with its value significantly lower than its all-time high of $20.91 in February 2024. 

This decline has placed TIA among the cryptocurrencies facing strong selling pressure. Ahead of the upcoming crypto summit on March 7, analysts highlight TIA as one of the altcoins to offload, citing concerns over potential long-term losses in a weakening market.

Conclusion

With market conditions still uncertain, traders should assess risks and monitor price movements. Selling weak assets before further losses can be a strategic move. Identifying an altcoin to sell before major events like Trump’s crypto summit may help mitigate potential long-term risks in this volatile market.

The post 4 Altcoins to Sell Ahead of Trump’s Crypto Summit on March 7 to Avoid Long Term Losses appeared first on CoinGape.

Over $3 Billion in Bitcoin and Ethereum Options Expire Ahead of Trump’s White House Crypto Summit

Today, over $3 billion worth of Bitcoin and Ethereum options expire. It will see over $2.5 billion worth of BTC and nearly $500 million worth of ETH contracts settled. How will the prices of both assets react?

These options’ expiry will take place at 8:00 UTC on Deribit, potentially inspiring volatility across the crypto market.

Bitcoin Faces $89,000 Max Pain in Today’s Options Expiry

Today, March 7, 29,005 Bitcoin contracts with a notional value of $2.54 billion are set to expire. According to Deribit data, Bitcoin’s put-to-call ratio is 0.67. The maximum pain point—the price at which the asset will cause financial losses to the greatest number of holders—is $89,000.

Bitcoin Options Expiration
Bitcoin Options Expiration. Source: Deribit

Additionally, Ethereum sees the expiration of 223,395 contracts with a notional value of $481.9 million. The maximum pain point for these contracts is $2,300, with a put-to-call ratio of 0.72. 

Expiring Ethereum Options
Expiring Ethereum Options. Source: Deribit

The maximum pain point in the crypto options market represents the price level that inflicts the most financial discomfort on option holders. At the same time, the put-to-call ratios, below 1 for both Bitcoin and Ethereum, indicate a higher prevalence of purchase options (calls) over sales options (puts).

Crypto options trading tool Greeks.live provided insights into the current market sentiment. They cited an overall bearish market sentiment, with traders expressing frustration over extreme volatility and choppy price action.

Bitcoin’s sharp intraday swings, such as recent moves of $6,000, have led to what traders describe as “scam both ways” conditions. According to analysts at Greeks.live, this makes it difficult to establish a clear directional trend.

“Most traders are watching the 87,000-89,000 range as key resistance, with 82,000 noted as a recent bottom, though there is significant disagreement on whether a sustainable bottom has been found,” wrote Greeks.live.

Further, the pronounced put skew reflects the broader pessimism, as traders continue to favor downside protection despite occasional upward moves. The analysts also observe that traders are adjusting their strategies amidst the high volatility.

“Several traders are selling calls at 89,000-90,000 range as a preferred strategy in this environment, with one trader reporting they’re at -260% on calls bought at lower levels,” Grreeks.live added.

The belief that the market is currently in a liquidity-driven phase has led to a focus on quick entries and exits. This level of caution comes as longer-term positions remain vulnerable to abrupt swings. External macro factors, such as shifting trade policies and tariff announcements, add to the uncertainty.

As a result, many traders are choosing to stay on the sidelines, waiting for clearer signals before committing to new positions.

“With markets on edge, where do you think price action will land? Above or below max pain?” Deribit posed in a post on X (Twitter).

Nonetheless, traders must remember that option expiration has a short-term impact on the underlying asset’s price. Generally, the market will return to its normal state shortly after and possibly even compensate for strong price deviations.

Traders should stay vigilant, analyzing technical indicators and market sentiment to navigate potential volatility effectively. Meanwhile, these developments come after US President Donald Trump signed the strategic Bitcoin reserve order.

Notably, the order was short of specific details, with many questions likely to be answered later during the White House Crypto Summit.

The post Over $3 Billion in Bitcoin and Ethereum Options Expire Ahead of Trump’s White House Crypto Summit appeared first on BeInCrypto.

Should You Buy More TRUMP to Have Dinner With President Trump? Will the TRUMP Price Sustain Above the Gains?

Trump’s Plan to Appoint a16z’s Brian Quintenz to CFTC—What to Expect

The post Should You Buy More TRUMP to Have Dinner With President Trump? Will the TRUMP Price Sustain Above the Gains? appeared first on Coinpedia Fintech News

Soon after the launch, the OFFICIAL TRUMP (TRUMP) price experienced a huge pullback that has continued in recent times. Meanwhile, the ease in the global markets has led to a strong recovery within the crypto space. The top tokens like Bitcoin, Ethereum, etc., and many more have been thriving with flying colors, which has triggered the memecoin mania too. The top ones like Dogecoin & Shiba Inu prices are attracting decent gains, but the other memes like Brett, FLOKI, doewifhat, and Bonk have been surging with a huge margin. 

Meanwhile, the rise in the TRUMP price has raised everyone’s eyebrows and has also raised concerns about whether the rally is short-lived. 

Currently, TRUMP is running hot with a massive increase in the trading volume as bullish news flew in. Soon after, President Trump announced a private dinner with the top 220 holders of the token on May 22. Just a couple of days before, on April 18, nearly $300 million worth of TRUMP tokens were unlocked, and traders began to short, anticipating a pullback. However, the latest rounds of private dinner have liquidated $8.5 million of shorts.  Moreover, a whale just bought nearly $5 million worth of tokens, which has pushed the price above $16 for a while. 

This huge purchase suggests whether the U.S. President is indirectly compelling the investors to buy more TRUMP. It gets more shocking after joining the dots of Trump owning 90% of the TRUMP supply, the lockup period on the supply expiring, and Trump placing tariffs on the entire world and carving out exemptions for companies on a case-by-case basis. Interestingly, only 24% of the tokens have been unlocked till now, and the rest, which includes a daily unlock of 492K tokens, will last for the next couple of years. 

The bulls have failed to surpass the pivotal resistance at $16.5, despite a 90% upswing and a 500% increase in the trading volume. This points towards the possibility of a short-term rally as the bears have begun to extract profits. 

The post Should You Buy More TRUMP to Have Dinner With President Trump? Will the TRUMP Price Sustain Above the Gains? appeared first on Coinpedia Fintech News
Soon after the launch, the OFFICIAL TRUMP (TRUMP) price experienced a huge pullback that has continued in recent times. Meanwhile, the ease in the global markets has led to a strong recovery within the crypto space. The top tokens like Bitcoin, Ethereum, etc., and many more have been thriving with flying colors, which has triggered …