Shiba Inu price has underperformed the market in the past few months, and its on-chain data shows that the worst may happen. SHIB price was trading at $0.00001285 on Thursday morning, down by 28% from its highest point this year. It has lagged behind most altcoins like Pepe and Dogwifhat.

Shiba Inu price at risk amid weak on-chain metrics

The chart below is a compilation of several important metrics that point to more SHIB price crash in the coming months. First, the orange bars show that the number of daily active addresses has been declining after peaking in February. In most cases, a cryptocurrency do well when there are more active addresses interacting with it.

Second, the red line shows that the network growth has slumped to its lowest point in over a year. A falling network growth means that fewer addresses are being created a day, signaling low demand for the coin.

Third, more data shows that the number of Shiba Inu transactions have plummeted in the past few months. It had just 2,700 transactions on Thursday, much lower than the year-to-date high of almost 4,000.

More data shows that Shiba Inu whales have given up on it and started to capitulate. The total supply of Shiba Inu coins held by whales has plunged to 718 trillion from over 743 trillion earlier this year. Whale selling is a sign that they expect the coin to continue falling in the coming months.

Read more: Shiba Inu price prediction: mapping out potential SHIB scenarios

This is notable since these whales are selling the coin at a loss as the network realized profit/loss has plunged to minus 134. A negative NPL is a bad sign since it means that SHIB holders are tired of waiting for a turnaround. Many of them sell the coin so that they can move to othe, better-performing assets. 

Further, the 365-day Mean Dollar Invested Age (MDIA) shows that it has started to come down. T moved from 161 in May to 157 today, a sign that selling is happening.

More SHIB data point to a sell-off

Further, more Shiba Inu data points to a more prolonged sell-off in the coming weeks. First, CoinGecko numbers show that Shiba Inu’s demand has largely dried up in the past few months as investors focus other meme coins. 

Despite having a market cap of over $7.5 billion, Shiba Inu had a 24-hour volume of $127 million. In contrast, Dogwifhat, which has a market cap of over $884 million, had a 24-hour volume of $366 million. 

Shiba Inu’s volume was also lower than that of BUILDon, a new coin valued at $395 million that had $130 million in volume. 

Further, fewer Shiba Inu coins are being removed from circulation through burning. While the daily burn rate rose by 118% on Thursday, the core figure was 31 million, equivalent to less than $400, a tiny amount for one of the biggest players in the crypto industry.

SHIB coin price technical analysis

The daily chart shows that the SHIB price has come under pressure in the past few weeks, and its recent attempts to recover have found strong resistance at $0.00001760. 

SHIB price has formed a bearish flag chart pattern, comprising of a vertical line and a rectangle formation. This pattern often leads to more downside, which may happen soon now that it has moved to the lower side of the channel.

Shiba Inu price remains below the 50-day and 100-day Exponential Moving Averages (EMA). Therefore, this coin will likely continue falling as sellers target the year-to-date low of $0.00001037.

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Crypto prices remained in a tight range on Thursday as Bitcoin struggled to move above the key resistance level at $105,000. Most altcoins retreated, with meme coins falling by double digits. This article forecasts some of the most active cryptocurrencies like Fartcoin, Livepeer, Grass, and Dego Finance.

Fartcoin price prediction

Fartcoin, one of the most popular Solana meme coins, surged by over 400% a few months ago. It moved from a low of $0.2097 to a high of $1.6520 in May. This surge helped to stimulate the recent surge among Solana meme coins. 

The momentum has faded in the past few days as the Fartcoin price has plunged by over 45% and moved below the psychological point at $1. It has crashed below the 50-period Exponential Moving Average (EMA). 

Further, the Relative Strength Index (RSI) has continued falling and is nearing the oversold level. Also, the MACD has crossed the zero line and is in a strong downtrend, a sign that it has lost momentum. 

Worse, Fartcoin price has moved below the 61.8% Fibonacci Retracement level at $1.0530. Therefore, the path of the least resistance for the coin is bearish, with the next point to watch being the 78.6% retracement point at $0.5970. A move above the resistance level at $1.3545 will invalidate the bullish view. 

Livepeer price analysis 

Livepeer is a top crypto project in the artificial intelligence and video space. It runs a decentralized platform that enables people to share their bandwidth, which is used for video streamers.

The developers also launched Daydream, a generative AI platform that turns live camera input into animated visuals. It is a useful tool used by marketers, creators, and other stakeholders. 

Livepeer price surged last week, reaching a high of $14.23, the highest point since January 18 of this year. Its highest point was up by 330% from its lowest point this year. 

LPT price then pulled back to a low of $7.58 as the rally lost momentum. On the positive side, it has moved above the 50-day Exponential Moving Average, and has formed a rounded bottom pattern.

Therefore, the token will likely have a bullish breakout as bulls target last year’s high of $14.23. If this happens, it will form a double-top pattern, a highly bearish sign that will mark the end of the recent rally. A move above the double-top point will signal more gains.

Read more: XRP price prediction: Here’s why Ripple Coin May Rally Soon

Grass price technical analysis

Grass is a top utility and AI cryptocurrency that has gained more traction in the past few weeks. The 12-hour chart shows that the Grass price was trading at $1.9490, up by 43% from the lowest point in May.

Grass price has formed a rising broadening wedge pattern, a popular bullish sign in the market. This pattern is also known as a giant megaphone pattern and it often leads to more gains over time. 

Therefore, the Grass crypto price will likely resume the downtrend soon since it remains below the 50-period and 25-period moving average. A drop below the key support at $1.6457 will point to more downside. 

Dego Finance price forecast

The 12-hour chart shows that the DEGO price has plunged this week. It has moved from a high of $2.888 to a low of $1.2430, its lowest point on record. This 50% plunge mirrored the performance of Mantra, a token that plunged by over 90% in 24 hours. 

The ongoing DEGO price crash happened likely as insiders dumped their tokens after it jumped by over 115% in the past few months. DEGO price has crashed below all moving averages.

The most likely scenario is where it continues plunging as investors remain in the sidelines. However, there is a likelihood that it may have a dead cat bounce, where it rebounds and then resumes the downtrend.

Read more: Shiba Inu price prediction: the plot thickens for SHIB

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The NEOS S&P 500 High Income ETF (SPYI) has become one of the top “boomer candy” funds in the past few years. It has attracted over $3.8 billion in assets under management and has beaten other similar funds. This article explores whether the SPYI ETF is a good fund to buy.

What is the NEOS S&P 500 High Income ETF?

The NEOS S&P 500 High Income ETF is a covered call ETF that aims to achieve two goals: provide regular income to investors and an exposure to the S&P 500 Index. The S&P 500 index is one of the most popular assets, tracking the top 500 companies in the country. 

The SPYI has a stake in all companies in the index, including popular names like NVIDIA, Microsoft, Apple, Amazon, and Meta Platforms. By doing this, the fund benefits as the S&P 500 Index rises, but to some extent. 

The other part of the fund is known where it uses the options market, which lets one place call and put trades. A call option gives users the right but not the obligation to buy an asset, while a put does the opposite.

The SPYI’s options strategy has two components: writing call options on the S&P 500 Index and using the premium received to buy out-of-the-money call options on the index. 

By using this strategy, the fund is able to generate returns in three ways: the performance of the S&P 500 Index, dividend paid by companies in the fund, and the options premium. 

The only limitation for the fund is the options strike price. If the S&P 500 Index surges and hits the strike price, the fund misses out on the rally.  This explains why the price return of many covered call ETFs is usually lower than the benchmark.

Read more: JEPQ vs JEPI: Are these boomer candy ETFs good buys in 2025?

Is SPYI ETF a good fund to buy?

The SPYI ETF has an expense ratio of 0.68%, higher than most passive ETFs. funds like the Vanguard S&P 500 (VOO) and iShares S&P 500 (IVV). This ratio is understandable since it has more expenses because it is an actively managed fund. 

The benefit of investing in the SPYI ETF is its high dividend yield of 12.3%. This means that a $10,000 investment will generate about $1,200 in dividends annually. It will also have more gains if the S&P 500 Index rises. 

The other benefit, which explains why the SPYI ETF beats the JPMorgan Premium Equity ETF (JEPI) is that the manager uses tax loss harvesting to reduce taxes. It also beats JEPI because it invests in all companies in the S&P 500, while the former buys about 135 of them. 

The SPYI ETF has had a total return of 2.35% this year, higher than JEPI’s 0.55%. Its performance in the last three years was 40% compared to JEPI’s 26%. Similarly, as shown below, its 12-month returns were 12.5%, higher than JEPI’s 7.3%.

SPYI ETF technical analysis

The daily chart shows that the SPYI stock price has been in a strong uptrend in the past few months. It moved from a low of $40.75 on April 7 to a high of $50, its highest point since February 24. 

The stock has moved above the 50-day and 100-day moving averages. Also, the Relative Strength Index (RSI) and the MACD have all pointed upwards. Therefore, the stock will likely keep rising, with the next point to watch being at $50.4. A move above that level will point to more gains.

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The EUR/USD exchange rate will be in the spotlight in the next two days as the European Central Bank (ECB) delivers its interest rate decision and the US publishes the latest nonfarm payrolls (NFP) data. It was trading at 1.1420, up from last month’s low of 1.1060. 

ECB interest rate decision

The main EUR/USD news will be Thursday’s ECB interest rate decision. Economists expect the bank to slash interest rates by 0.25% as it supports the economy because of Donald Trump’s tariffs.

The case for a rate cut rose this week when Eurostat published the latest European consumer inflation data. The number showed that the bloc’s inflation dropped below 2% for the first time in months.

European inflation has dropped because of the strong euro, which has jumped by over 10% from its lowest point this year. A stronger euro lowers European inflation by making energy costs more affordable. 

Economists believe that the ECB will deliver another rate cut by the end of the year, bringing the official cash rate to 1.75%. 

The EUR/USD pair will likely have a muted to the ECB decision, as it has done in the past, since market participants have priced them in. In a note, analysts at ING said:

“The ECB meeting is the main event for EUR rates, but with markets fully priced for a cut, the reaction to such an outcome should be muted, in particular if the ECB offers little further guidance.”

In theory, the EUR/USD pair should be in a downward trend for two reasons. First, global risks are still elevated because of Donald Trump’s policies, which would boost the US dollar, which is often seen as a safe-haven currency. 

Second, the EUR/USD should be falling because of the carry trade situation. Carry trade is the practice of borrowing in a low-interest rate currency to invest in a high-yielding one. 

US NFP data ahead

The next key catalyst for the EUR/USD pair will be Friday’s nonfarm payrolls (NFP) data, which will shed more color on the state of the economy. 

These numbers come two days after ADP sent shockwaves after publishing the private payrolls report on Wednesday. ADP said that the economy created just 37k jobs in May, the worst performance in months. 

Donald Trump used the jobs data to press Jerome Powell, the Federal Reserve Chair to cut interest rates. The Fed has hinted that it will wait and see before cutting rates as it observes impact of Trump’s tariffs. 

Economists expect the jobs report to show that the economy created 117k jobs in May even as companies dealt with Trump’s tariffs.

Trump has continued to warn of more tariffs recently. He has already boosted steel and aluminium tariffs to 50%, and warned that China was not fulfilling its obligations as per the recent deal. 

EUR/USD technical analysis

The outlook for the EUR/USD pair is bullish because it has formed a giant cup-and-handle pattern. The upper side of the cup is at 1.1452 and the lower side is at 1.0185. This gives it a depth of 9.21%. 

Now, measuring the same distance from the cup’s upper side gives it a target of 1.2232, which is about 7.1% from the current level. For this to happen, the pair needs to move above the key resistance at 1.1570, the highest point in April. Moving above that level will invalidate the forming double-top pattern.

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Wise share price continued its strong rally this week after the company published strong financial results. It also jumped after announcing a major strategy shift that will see it change its primary listing from London to the US. Its stock jumped for nine consecutive weeks and is up by over 40% from its lowest point this year.

Why Wise share price is surging

The Wise stock price is in a strong trajectory after the management announced the plan to change the primary listing from London to the US. This is a major blow to the London Stock Exchange, which has lost several prominent companies like Flutter and Ashtead.

The company hopes that listing in the US will help it become a well-known brand in the country. The listing will also help it get a deeper liquidity since the US market is more active than the US. The statement said:

“A dual listing would also enable us to continue serving our UK-based Owners effectively, as part of our ongoing commitment to the UK. The UK is home to some of the best talent in the world in financial services and technology, and we will continue to invest in our presence here to fuel our UK and global growth.”

Growth is continuing

Wise share price surged as investors reacted to its strong financial results as its growth accelerated. In a statement, the firm said that its cross-border volume jumped by 23% to £145.2 billion. This growth happened because of the strong brand awareness and the popularity of its Wise account.

Wise had over 15.6 million users, with personal customers growing by 22%. While most of these customers use one product, more of them have started expanding to other solutions like its multi-currency accounts.

This growth helped to push its revenue up by 15% to over £1.2 billion in the last financial year. Its annual profit rose by 18% to £416 million, and the management expects that the growth will gain steam.

One catalyst for the strong revenue growth was high interest rates, which helped it earn more money from customer deposits.

Wise hopes that a US listing will help it achieve a better valuation. However, there are concerns that it is currently overvalued as stablecoin transactions surge. Wise has a market cap of £12 billion, meaning that it has a price-to-earnings ratio of 28, which is higher than other comparable fintech companies. 

Wise stock price forecast

The daily chart shows that the Wise stock price has been in a strong rally in the past few months. It then made a bullish breakout above the key resistance level at 1,128 on Thursday, the highest swing on February 5. It invalidated the double-top pattern by moving above that level.

The stock has jumped above all moving averages, while the MACD and the Relative Strength Index (RSI) pointed upwards. Therefore, the most likely scenario is where the Wise share price continues rising, with the next point to watch being at 1,250p. 

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