One of the most famous dog themed meme coin Shiba Inu is finding it hard to cross a major resistance. Once it is passed, the memecoin will be one step away from creating a new all time high. Even though the indicators are looking bullish, why SHIB is unable to cross this line, let’s try …
After a magnificent run, the crypto markets are consolidating as the Bitcoin price drops below $100,000. While the possibility of a reversal remains pretty high, which could re-instigate the bull run. As Bitcoin gains momentum, the memecoin space also follows the trend, specifically Dogecoin & Shiba Inu. SHIB price usually follows the DOGE price rally, …
Solana meme coin surges 65% as Roaring Kitty hints at comeback, impacting GameStop stock and highlighting meme culture's market influence.
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In this bull run, despite opting for blue-chip cryptocurrencies majority of investors and traders opting meme coins for a quick profit. While examining the growing interest in meme coins, CoinPedia’s technical expert highlighted Shiba Inu (SHIB), the second-largest crypto-meme coin, as being poised for notable upside momentum. Shiba Inu (SHIB) Technical Analysis and Upcoming Level …
With the crypto market nearing the $4 trillion market cap, the meme coins are on a rally. PEPE has increased nearly 7% among the top-performing meme coins over the past 24 hours. Ranking as the 21st biggest cryptocurrency, PEPE is inching closer to a $10 billion market cap. Will the ongoing bullish rally result in …
The Dogecoin price recovered strongly during the last trading day. This prevented the token from breaking down the crucial range and validated the presence of the bulls. Presently, the DOGE price is facing significant bearish action, which may drag the levels lower, offering a good buying range for the bulls and the whales. Since the …
Coinbase token listings propel TURBO and GIGA to double-digit gains amid altseason, reflecting a trend in major platform token launches.
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The listing of PEPE on Binance.US highlights the growing influence of meme coins in mainstream crypto markets, potentially attracting new investors.
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Shiba Inu’s lead developer, Shytoshi Kusama, has made the crypto community excited by spotlighting a new meme coin, SHIFU through his tweet post. This latest dog-themed coin is already gaining traction, particularly because of its ties to Shiba Inu’s ecosystem, one of the most successful meme coins in the market. Traders and fans talking, wondering …
Story Highlights The live price of the CHILLGUY is . CHILLGUY price could reach a high of $0.73 in 2024. CHILLGUY coin price with a potential surge, may reach a high of $4.35 by 2030. Built on the Solana chain, Just a Chill Guy has gained significant attention from the cryptocurrency market over the past …
Rep. Michael Collins disclosed meme coin trades, signaling lawmaker's active involvement in crypto markets and low-cap token investments.
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Today, a whale deposited 356.2 billion PEPE memecoins worth $7.3 million to the Kraken cryptocurrency exchange. With this transaction, this trader has booked a massive $7.3 million profit or 31x return on its investment. According to sources, on 20th September 2023, this whale withdrew 375.65 billion PEPE tokens from the Gemini cryptocurrency exchange for only …
The popular meme coin Shiba Inu has been showing strong growth, rising by over 21% in just a week and 73% since November. As the crypto market rallies this December, SHIB looks ready for even more growth. With this breakout, there’s a real chance that Shiba Inu could DOUBLE its value in the coming days! …
The famous meme coin Shiba Inu might be getting ready to break its previous all-time high. The movements on charts are spreading excitement among the Shib Army. At the end of October 2021, as the crypto market was about to take a dip, the dog-themed meme coin started its downward journey. From a peak of …
The bulls have just showered their confidence in the XRP price rally, which broke the 6-year-long consolidation. Besides, the top two cryptos, Bitcoin & Ethereum, continue to juggle within a narrow range, probably due to a massive liquidity shift into the other tokens. One among them is Dogecoin, which showed huge strength in the past …
Shiba Inu, the popular meme coin, has witnessed an extraordinary surge in its burn rate, with a staggering 7,418% increase and over 2 billion SHIB tokens burned over the past week. This significant reduction in circulating supply has ignited optimism among investors, especially with the Shiba Inu price currently trading at yearly highs. Related Reading: Is $10 Within Reach For Cardano? Whale Moves Signal Big Rally Ahead Shiba Inu Weekly Burn Reaches New Highs Shibburn, the official platform tracking SHIB token burns, revealed on social media platform X a 7,418% spike in SHIB’s weekly burn rate during the week leading up to November 30. This sharp rise resulted in the removal of approximately 1.937 billion SHIB tokens from circulation, a significant milestone in the ongoing effort to reduce the token’s massive supply. Following this X post by Shibburn, the momentum of SHIB burns has only increased alongside the Shiba Inu price. At the time of writing, the total number of SHIB tokens burned over the past seven days has exceeded 2 billion, reaching an impressive 2.15 billion SHIB tokens. From this, 386.5 million of these tokens were burned within the last 24 hours alone. How Burn Mechanics Impact SHIB Price Token burns are a mechanism by which cryptocurrency supply is deliberately reduced, aiming to increase scarcity and, in turn, create upward pressure on the asset’s price. For Shiba Inu, which started with an enormous circulating supply, consistent and sizable burns are critical to its long-term valuation prospects. Shiba Inu was created with a total supply of 1 quadrillion tokens, but SHIB burn endeavors have reduced the circulation by almost half. The latest Shiba Inu burn figures underscore the community’s dedication to this strategy, with over 2 billion tokens removed from circulation within a single week. At the time of writing, the total circulating supply of the meme coin is 589.26 trillion SHIB tokens. The aim has always been to burn a majority of the SHIB tokens created. According to Shiba Inu lead developer Shytoshi Kusama, this ambitious goal can be achieved. However, he did note that burning 99% of the total SHIB tokes created is also hard for a few reasons. Furthermore, he noted that burns are not the only way SHIB wins. There is the need to give the memecoin utility and ensure it gets to a point through viral distribution that people don’t want to burn the token anymore. Related Reading: As Bitcoin Nears $100,000: “Don’t Be Left Behind,” Robert Kiyosaki Says At the time of writing, the Shiba Inu price is trading at $0.00003059, having increased by about 13% in the past 24 hours. Notably, the Shiba Inu reached an intraday high of $0.00003146, bringing it very close to setting a new price high in 2024. Featured image from Pexels, chart from TradingView
The cryptocurrency market is no stranger to bullish predictions, particularly given the current positive market sentiment. According to a crypto market participant who goes by the name Scofield (@Crypto_Scofield) on social media platform X, there are a few altcoins with bullish potential in the coming weeks and month. Related Reading: Justin Sun To Buy 100,000 […]
Story Highlights The CHILLGUY Price soared ~46% this week. Technical indicators RSI & MACD record a bullish convergence in the daily time frame. Sustained bullish sentiment could push the price toward its upper price target of $0.70. Built on the Solana chain, the Just a Chill guy has taken over the memecoin mania by storm. …
Story Highlights The live price of the CAT crypto token is . Avalanche price may reach a maximum of $0.0012 by the end of 2024. With a potential surge, the AVAX coin price may achieve a high of $0.00136688 mark by 2030. As a winner of Binance’s Meme coin Hero program, Simon’s Cat is making …
Shiba Inu’s weekly burn rate surged 7,400%, with nearly 2 billion SHIB tokens removed from circulation, fueled by executive Kaaldhairya burning 80M tokens. This significant supply reduction has sparked optimism for a potential price rally to $0.0004. Currently trading at $0.00002593, SHIB has seen a 39% monthly gain amid bullish market sentiment. The burn mechanism, …
Binance CMO Rachel Conlan emphasized at Aus Crypto Con 2024 that while community feedback and project utility are critical factors in token listings, nothing is guaranteed. She highlighted Binance’s rigorous vetting process, including assessing founders and roadmaps, to safeguard users amidst rising memecoin popularity. Conlan noted that while many memecoins lack utility, emerging projects with …
A whale offloaded all 416.8M $MEW for 16,270 $SOL ($3.94M), booking a profit of 6,270 $SOL worth $1.52M. This whale had originally spent 10,000 $SOL worth nearly $2.42M to acquire the 416.8M $MEW on July 15, using a DCA strategy. The sale marks a successful exit with significant gains from the token’s price movement. As …
The AI agent boom in crypto could reshape financial ecosystems, but sustainability and model reliability pose significant long-term challenges.
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Amid ongoing price consolidation, whales appear to be making big bets on Shiba Inu (SHIB), the second-largest cryptocurrency by market cap. However, these notable bets have been observed within a tight range between $0.00002287 and $0.00002644 as the meme coin has been moving within this range for the past two weeks. Whales and Institutions Strong …
Shiba Inu (SHIB) has been stuck in a bit of a holding pattern, but something could be brewing. The price is sitting at $0.00002552, and it’s been up about 3.77% recently. But here’s the kicker—SHIB is forming a symmetrical triangle on the charts. If you’re into technical analysis, you know this often signals a breakout. …
The rapid rise and volatility of CHILLGUY highlight the speculative nature of meme coins, underscoring potential risks for investors.
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The crypto markets are consolidating as the Bitcoin bulls are displaying weakness as they are struggling to hold the rally above $93,000. Meanwhile, the top memecoins like Dogecoin and Shiba Inu continue to rise with a decent range. On the other hand, the memes that gained huge popularity, like PEPE, BONK, & WIF in recent …
Shiba Inu (SHIB) is garnering attention for its robust performance and potential for future expansion as 2024 draws to a close. SHIB has managed to captivate the interest of both investors and crypto enthusiasts, as it is currently dealing at $0.00002566. The technical signals of the memecoin show notable preparation for a big rally, which has generated expectation for notable increases in the next weeks. Related Reading: Crypto Bloodbath: Over $500 Million Liquidated As Bitcoin Slides To $92K – Report Positive indicators Surface For Shiba Inu With reference to Shiba Inu on X, crypto expert Javon Marks expressed hope, noting that the value of SHIB might skyrocket. From what he saw, SHIB has already grown by 162% in the past few months, and this growth is likely to continue. One of the main things that supports this statement is the Hidden Bullish Divergence, a technical pattern that shows that price movement is about to happen. $SHIB (Shiba Inu) looks to be in some of its best positions in years, holding well broken out and up over 162% since, while also showing majorly positive responses to a recent Hidden Bullish Divergence! This divergence can suggest an over 75% move above the 2024 Highs but that… https://t.co/pKDT2dWaUn pic.twitter.com/0L7gwCcSAf — JAVON⚡️MARKS (@JavonTM1) November 26, 2024 The trend basically shows that while the price of SHIB has been producing lower lows, the Relative Strength Index (RSI) has been making higher lows even during a consolidation phase. This points to a mounting optimistic pressure. Price Fluctuations And Short-Term Growth In the near term, SHIB has experienced significant price swings. In the last week, its price has gone up by 3.35%, and in the last month, it rose to around 54%. These increases show that the “joke coin” is picking up a lot of steam. However, the trip is not completely uneventful. Despite the favorable short-term development, the price of SHIB has dropped by 4.08% over the last six months, suggesting considerable volatility. Analysts warn that short-term profit-taking after recent advances could obstruct the memecoin’s price movement as it evolves. However, SHIB has a great possibility to grow further with the strong support of its growing ecosystem projects and community. Related Reading: Ethereum Momentum Builds: 10% Surge Sparks ATH Hopes Important Price Levels To Monitor Key price levels have a big effect on future movements for people who are keeping SHIB or thinking about getting in. Expert research says that the level of $0.000081 is the first important resistance point. If this level is broken, the price could go up by 215%. Also, SHIB is trading 3.20% below what it is expected to be worth in a month, which suggests that prices could go up in the short run. The next goal could be $0.00000900 if SHIB breaks through support at $0.00000850. The coin is expected to experience a 102% increase in the next six months for long-term investors, followed by a 92% increase in the following year, data from CoinCheckup shows. Technical clues indicate a possible breakout and robust long-term forecasts, thus Shiba Inu might be ready for a new phase of development. Investors should keep a close eye on current levels since the memecoin offers significant prospects in not too distant future. Featured image from Pixabay, chart from TradingView
After holding $WIF for less than 24 hours, sbfonchain.sol sold it all for 4.08M $USDC, locking in a staggering $654K loss. Without wasting any time, the trader quickly reinvested in meme coins. The entity spent 1M $USDC to buy1.6M $CHILLGUY, 500K $USDC for 1.44M $Fartcoin, and 176K $USDC to pick up 2.6M $UBC. Despite the …
Changpeng Zhao urges focus on real blockchain applications, moving away from meme coins.
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