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Citigroup Predicts Altcoin Revival, Led by Ethereum and SHIB
The post Citigroup Predicts Altcoin Revival, Led by Ethereum and SHIB appeared on BitcoinEthereumNews.com. Ethereum’s approval for a spot ETF positions it as a prime rotation target. Altcoins may see price growth in 2025 with policy shifts supporting them. Shiba Inu’s price faces consolidation, with key support and resistance levels. Citigroup analysts recently shared their perspective on the cryptocurrency market, highlighting altcoins’ potential for growth in 2025. Ethereum, one of the few altcoins approved for a spot ETF since 2024, has drawn significant attention, positioning itself as a key candidate for rotation within the altcoin market. Altcoin Adoption and Policy Shifts While Bitcoin saw widespread institutional adoption, altcoins still await comparable momentum. That is why Citigroup sees the recent policy changes to create a supportive environment for altcoin growth. With Bitcoin’s dominance well-established, Citigroup expects favorable policies to encourage investments in altcoins. Analysts predict that 2025 could witness the next “altseason,” potentially driving up prices for cryptocurrencies like Shiba Inu (SHIB). Shiba Inu (SHIB) Price Trends and Levels to Watch The price of Shiba Inu (SHIB) is currently experiencing a mild bearish trend. As of the latest data, SHIB is trading at $0.00002117, reflecting a 1.38% decline over the past 24 hours. The chart indicates a sharp decline followed by a series of recovery attempts. Read also: SHIB Traders Eye $0.001 as Burn Rate Reaches 1500% High However, the price is still in a consolidation phase, with resistance levels proving difficult to break. The volume of $593.19 million, while still significant, has decreased by over 30% compared to previous levels, signaling a reduction in market interest. Support and Resistance Levels for SHIB Key support for SHIB is located around $0.00002100, where the price has previously bounced. A failure to maintain this level could see the price retesting $0.00002050, a stronger support point where buying interest was observed during previous dips. On the resistance side,…
The post Citigroup Predicts Altcoin Revival, Led by Ethereum and SHIB appeared on BitcoinEthereumNews.com.
Ethereum’s approval for a spot ETF positions it as a prime rotation target. Altcoins may see price growth in 2025 with policy shifts supporting them. Shiba Inu’s price faces consolidation, with key support and resistance levels. Citigroup analysts recently shared their perspective on the cryptocurrency market, highlighting altcoins’ potential for growth in 2025. Ethereum, one of the few altcoins approved for a spot ETF since 2024, has drawn significant attention, positioning itself as a key candidate for rotation within the altcoin market. Altcoin Adoption and Policy Shifts While Bitcoin saw widespread institutional adoption, altcoins still await comparable momentum. That is why Citigroup sees the recent policy changes to create a supportive environment for altcoin growth. With Bitcoin’s dominance well-established, Citigroup expects favorable policies to encourage investments in altcoins. Analysts predict that 2025 could witness the next “altseason,” potentially driving up prices for cryptocurrencies like Shiba Inu (SHIB). Shiba Inu (SHIB) Price Trends and Levels to Watch The price of Shiba Inu (SHIB) is currently experiencing a mild bearish trend. As of the latest data, SHIB is trading at $0.00002117, reflecting a 1.38% decline over the past 24 hours. The chart indicates a sharp decline followed by a series of recovery attempts. Read also: SHIB Traders Eye $0.001 as Burn Rate Reaches 1500% High However, the price is still in a consolidation phase, with resistance levels proving difficult to break. The volume of $593.19 million, while still significant, has decreased by over 30% compared to previous levels, signaling a reduction in market interest. Support and Resistance Levels for SHIB Key support for SHIB is located around $0.00002100, where the price has previously bounced. A failure to maintain this level could see the price retesting $0.00002050, a stronger support point where buying interest was observed during previous dips. On the resistance side,…
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