The post Shiba Inu Price Prediction: Ethereum TVL Drops $14B Leading To Massive SHIB Decline – But There Is A Shining Light appeared on BitcoinEthereumNews.com.

The crypto market is shifting fast, and the latest Shiba Inu price prediction has caught investors attention.   Meanwhile, Ethereum’s total value locked (TVL) has recently taken a major hit, triggering massive turbulence across the entire DeFi space. Shiba Inu, one of the biggest meme coins in the space, has seen sharp moves as investors price in Ethereum’s struggles. Here’s what the top analysts are predicting for the ever-turbulent altcoin markets this year…   Shiba Inu Price Prediction ($SHIB): Can a Breakout Lead to 2x Gains?   Shiba Inu ($SHIB) has struggled with volatility in recent weeks, like all meme coins.   It is currently down by an astonishing 51% year to date at the price of $0.0000147, but a recent breakout from a descending channel could lead to a strong rally if support can hold.   Trader Dan is optimistic about Shiba Inu’s growth, stating that a “Successful breakout could lead a solid rally in the coming days, expecting 2x after successful breakout.”   With strong community backing, Shiba Inu may still have room for a major price surge, but much will depend on Ethereum and whether it can see a bounce in the level of its TVL.   Ethereum ($ETH): DeFi TVL Takes a $14B Hit   Ethereum ($ETH) remains the dominant force in DeFi, but its TVL has dropped by a staggering $14 billion. A recent analysis from The Cryptonomist highlights how Ethereum’s sharp decline to below $1,900 has contributed to this major liquidity outflow.  “The collapse of the ETH price is playing a key role,” the article notes, emphasizing how stablecoins like USDT, USDC, and DAI are also heavily affected. With DeFi still relying heavily on Ethereum, further price drops in ETH could lead to an even greater decline in capital on the network.   Ethereum is currently trading at $2.01K, having remained stable this…

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Filed under: News - @ March 30, 2025 12:29 am