Much of the current rally has been fueled by bullish sentiment around the meme’s endorsement by technology entrepreneur Elon Musk in the Trump administration.
Experts are confident that Shiba Inu could potentially undergo a massive price surge on the back of a positive overall outlook on cryptocurrency. Donald Trump’s victory in the recently concluded US election brings waves of optimism in the cryptocurrency market which SHIB Inu can ride on to propel it to a 306% price hike. Related Reading: XRP On Fire: Analyst Predicts $4 Milestone As Token Rallies 11% Shiba Inu: Explosive Growth A market analyst predicted that the price of Shiba Inu could soar by at least 306%, as the entire cryptocurrency market is going on an overdrive excited by the results of the US elections. In a post, analyst Javon Marks said that it could potentially hit the $0.00081 mark, adding that this price surge is imminent for the meme coin and being forecasted to happen really soon. Still fairly fresh off of a confirmed Hidden Bull Divergence and holding broken out, $SHIB (Shiba Inu), in the midst of a roaring Bitcoin market, can be getting ready for its next level performance towards the $0.00081 target! This target’s currently over 306% away and a push to… https://t.co/0ySjEfPQgF pic.twitter.com/DwklAFs8zj — JAVON⚡️MARKS (@JavonTM1) November 8, 2024 “Still fairly fresh off of a confirmed Hidden Bull Divergence and holding broken out, $SHIB (Shiba Inu), in the midst of a roaring Bitcoin market, can be getting ready for its next level performance towards the $0.00081 target,” Marks said. Data showed that the meme coin has formed a Hidden Bull Divergence pattern. Reports explained that the Hidden Bull Divergence is a bullish indicator that usually occurs before a price rally happens. Moreover, analysts said that the cryptocurrency has already breached the consolidation phase which could beef up the bullish outlook for the meme coin. Shiba Inu-Bitcoin Relationship Analysts pointed out that there is a relationship between the price movement of Shiba Inu and Bitcoin, saying that any price movement with Bitcoin could also mean price movement for the meme coin. It is a correlation being monitored by many analysts as Bitcoin prices are soaring on the back of the newfound optimism on the overall crypto market. In previous reports, analysts discussed that Shiba Inu usually trails the price movement of Bitcoin, showing that there is a strong correlation between the two cryptocurrencies. They noted that whenever Bitcoin collapsed, the meme coin’s price also went down. Hence, any massive hike in Bitcoin could propel Shiba Inu into exponential growth. Many market observers are predicting that Bitcoin is on track for a massive price surge and in the last few days, the firstborn crypto has been hitting an all-time high price per coin. Therefore, BTC’s predicted price movement could also push Shiba Inu to its projected price. We aren’t even close to my crypto total MC prediction. Will it get there? Seems possible and likely imo. $10T+ $SHIB .0002 likely$BONE $50-$100$LEASH $15k-$20k $ETH $17k+$BTC $250k best case scenario$CRO $2.70$DOGE $2.70-$5 There may be a lot of “projects” out there… — HorBull™ (@HorBull) November 6, 2024 Related Reading: SEC Shake-Up: Robinhood Legal Boss On Shortlist For Top Spot—Report $118 Billion Market Cap Seen Meanwhile, analysts suggested that the market capitalization of Shiba Inu would soar and its price would increase by 950% once the market valuation of the global cryptocurrency reaches the $10 trillion mark. Market commentators said that if the $10 trillion market cap happens, the meme coin would be traded at $0.0002 and elevate its market capitalization to $118 billion. As of writing, the total global market capitalization of the crypto sector is pegged at $2.61 trillion while the current market cap of Shiba Inu is about $11.21 billion. Featured image from Chewy, chart from TradingView
The PEPE price has displayed huge volatility since the start of the year and surged by over 1500%, reaching highs close to $0.000017. Further, the price faced a significant bearish action but soon entered a bearish pattern. However, the token has accomplished the outcome of the pattern by undergoing a 22.43% and rising by over …
After the recent rise in the Bitcoin price to new highs, the token, along with the other altcoins, has begun to consolidate. Moreover, the bulls have been fighting with the bears since the last trading day, which may delay the next bullish action. However, the Dogecoin price has begun to rise, aiming to reach the …
Dogecoin is outperforming the market as Donald Trump leads the race to the White House. Moreover, the volume over Bitcoin surged above $81 billion, almost doubled compared to the previous day, resulting in a new ATH at $75,000. With this move, Dogecoin surpassed XRP for a while to become the 7th largest crypto by the …
As the US presidential election results loom, one analyst is expressing confidence in the continuous surge of memecoins, particularly in the context of the ongoing political landscape. In a recent social media post on X (formerly Twitter), Miles Deutscher asserted that dog-themed and cat-themed cryptocurrencies will continue outperforming the broader crypto market, regardless of whether Donald Trump or Kamala Harris emerges victorious. Dogecoin Leads Memecoins Resurgence On Election Day Bitcoin (BTC), the largest cryptocurrency on the market, is trading near the $70,000 mark, up a modest 2.2% over the past 24 hours, after several failed attempts to break above its all-time high of $73,700 last week. In stark contrast, Dogecoin (DOGE), the leading memecoin by market capitalization, has surged by 12% during the same period, demonstrating the sector’s performance relative to the top ten cryptocurrencies. Related Reading: Solana ‘Must Break Descending Resistance’ To Regain Bullish Momentum – Analyst Deutscher suggests that if Trump wins the election, Dogecoin’s positive momentum will likely increase. He cites Trump’s proposed Department Of Government Efficiency (DOGE) initiative, which he believes will increase Dogecoin’s visibility and liquidity, as a catalyst that could spark a broader rally in the memecoin space. “DOGE as the meme leader will drive attention and liquidity rotation to the broader meme narrative, he asserts.” This enthusiasm could lead to a significant influx of speculative investments, often called “fear of missing out” (FOMO). Increased Crypto Scrutiny Under A Harris Administration? Deutscher further predicts that a Trump victory would spark a rally in altcoins, especially memecoins, which have historically shown strength leading up to elections. Another clear example of this is that the largest tokens in the Solana memecoin ecosystem, Dogwifhat (WIF), Bonk Inu (BONK) and Popcat (POPCAT), saw surges of 6.3%, 8% and 6% respectively, on election day, all of which outperformed the top ten cryptocurrencies in the market. Deutscher also said that with many cryptocurrencies undergoing significant drawdowns as investors de-risked ahead of the election, they would likely experience a pronounced bounce if Trump secures the presidency. Conversely, if Kamala Harris wins, the analyst foresees a different dynamic. The possibility of increased regulatory scrutiny on utility tokens could prompt investors to seek refuge in more speculative assets, such as memecoins. Related Reading: Why Is Dogecoin Going Up Today? Key Drivers Of DOGE’s 10% Surge Deutscher notes that under this scenario, the fear of a crackdown, reminiscent of the operation chokepoint initiatives targeting certain crypto assets, may lead investors to gravitate towards nihilistic alternatives like memecoins. Ultimately, this shift could increase meme coins dominance, especially if traditional sectors like decentralized finance (DeFi) face heightened scrutiny. In this case, Deutscher asserts that investors might shy away from the broader altcoin market, favoring assets that have already demonstrated resilience and strength throughout the year. Based on price action trends, the analyst points out that some memecoins may be perceived as less risky than other altcoins, a sentiment that appears to be gaining traction among retail investors. At the time of writing, Dogecoin trades at $0.1755. Featured image from DALL-E, chart from TradingView.com
The US elections are on the cards as the top ones, like Dogecoin & Shiba Inu, are gaining back the lost attention. While the entire market is consolidating on election eve, these memecoins have been performing well, with a notable rise in the social sentiments as well. According to the data from LunarCrush, the top …
XYO’s native token is now tradable against tokens, including SOL and USDC, on Solana-native decentralized exchanges Jupiter and Raydium.
The latest rise in the Dogecoin price has made the market participants more bullish over the token. With a significant rise in the buying pressure, the price managed to surpass the crucial resistance at $0.16. However, the levels appear to have remained consolidated below $0.175 which suggests the bulls are preparing for another run. In …
Memecoins are outperforming the crypto market today, which could be an indication that traders are paying more attention to this sector.
Despite Neiro (NEIRO)’s recent price drop, analysts and investors seem bullish on the memecoin. Some market watchers noted the cryptocurrency’s potential, suggesting the levels to watch ahead of the next bullish rally. Related Reading: If Dogecoin Breaks Above Key Resistance ‘We Could See A 25% Rally’ – Top Analyst Neiro Sees 10% Weekly Correction Neiro made the headlines three months ago after becoming an overnight sensation on the Ethereum Network. The memecoin was inspired by the newly adopted sister of Dogecoin’s inspiration, Kabosu. The cryptocurrency has registered a remarkable performance during October, jumping 30% month-to-date (MTD). Moreover, the token saw an impressive rally towards its all-time high (ATH) price of $0.0022 two weeks ago, surging 4,600% in 30 days. The memecoin’s bullish momentum also propelled its market capitalization (MC) near the $1 billion mark, reaching a $935 million MC on October 15, which fueled a bullish sentiment among market watchers. However, Neiro’s price has declined since its most recent rally, trading 31.5% below its ATH. The Shiba Inu-themed memecoin registers a 10.3% drop in the past week, hovering between the $0.00132-$0.00170 price range. Despite the price drop, analysts and investors remain positive above the cryptocurrency. Crypto Tony noted that the memecoin is another token that looks “really good” since the beginning of its bullish momentum in mid-September. The analyst pointed out Neiro’s potential, suggesting that a small pullback from its recent levels could be a good entry point for investors ahead of an upcoming rally. Is $0.0020 Or $0.0010 Next? Since its all-time high, the cryptocurrency’s chart has displayed a downtrend, forming a broadening wedge pattern in the lower time frame, according to trader CryptoBull360. The market watcher noted that a successful breakout above the upper trendline could trigger a 25%-30% bullish rally for the token. Another trader suggested Neiro’s “situation on the chart is messy.” The trader stated that the token needed to break above the $0.00165 mark to continue its bullish trajectory and recover its ATH levels. However, if Neiro is rejected instead, the token could see a 30% correction toward the $0.0010 support zone. The $0.00165-$0.00170 price range represented an important consolidation zone ahead of the token’s surge toward its ATH. On Monday morning, Neiro’s price jumped 13.3% toward the $0.00170 resistance level. The token moved above the pattern’s upper trendline, signaling a breakout from its biweekly downtrend. Related Reading: Dogecoin Price To $24? Analyst Says No One Will Believe It Until It Happens Nonetheless, the token couldn’t hold above the key resistance level and pulled back toward the $0.00154 support zone. Crypto analyst Sjuul from AltCryptoGems suggested that the memecoin’s recent performance has been better than expected. After “a longer manipulation” and reclaiming the $0.00150 level over the weekend, the analyst believes Neiro is ready to move toward higher resistance levels, potentially targeting the crucial $0.0020 mark again. As of this writing, Neiro is trading at $0.00151, a 4% drop in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Pepe [PEPE] is currently trading at approximately $0.000000900 and is undergoing a challenging period. The Relative Strength Index (RSI) is currently at 43.80, which is just below the neutral line. This implies that sellers currently possess a minor advantage. Related Reading: MicroStrategy Stock Hits All-Time High As Bitcoin Blazes Past $67,000 Memecoin Price On The Downtrend Some investors are apprehensive due to the downward trend of the price. Although PEPE has experienced significant price increases in the past, recent metrics suggest that momentum is diminishing. It is interesting that the number of holders is consistently increasing, despite the obstacles. This expanding base, which is now approaching 296,000, indicates that a devoted community continues to support the token. Even if participation has dropped, it is clear that many investors are still committed to the popular meme coin and have future hope. The declining trade activity has raised some questions, though. Active Addresses On The Retreat Active addresses that the PEPE network has seen have dropped significantly, data from Santiment shows; today they count roughly 13.5k. From peak levels recorded earlier this year, this translates to a decline. Lower active numbers of users would typically denote reduced trading volumes and hence decreased liquidity levels. Perhaps, this might indicate that euphoria regarding the memecoin market in the earlier stages is fading away slowly. The niche seekers probably are on a lookout for something new within such a developing memecoin territory. If the same continues then PEPE could struggle to regain its vibrancy. The more cautious sentiment among traders is evident in the subdued price action. Perhaps as a result of the general market’s uncertainty, certain investors appear to be waiting on the periphery. If the price remains under pressure, it is possible that the coin will experience additional declines before it establishes a strong foundation. Glimmer Of Hope For PEPE Despite the challenges in engagement and the weakness in price, there are rays of hope for PEPE. In the coming three months, analysts expect more than a 200% increase which is a positive indicator of upside potential. Related Reading: Floki Inu Warning: Analyst Says ‘Prepare For The Crash’ – Details CoinCheckup forecasts that in the next month PEPE could be trading 220% lower than its current price. This can be an appropriate time to invest in the asset. The experts are of the opinion that the upcoming months will accrue the investor a total of 165% profits. Nonetheless, in the face of these difficulties, the future developments seem promising and PEPE will soar to $0.00044 by 2026, which may cause renewed interest in the sector as a whole. Featured image from Vanity Fair, chart from TradingView
The crypto markets are trying hard to validate a decent upswing before the end of the month. Meanwhile, the memecoins have also displayed a tendency to close the monthly trade on a bullish note as the most dominant one, Dogecoin is manifesting extreme strength. Besides, Shiba Inu and Pepe prices are failing to generate the …
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Some claim a new wave of big-money tokens are backed by sentient AI bots. But that's not the reality.
Memecoins have surged in popularity, outpacing Bitcoin in both search interest and market gains, but how long the trend will last is unclear.
Dominance refers to the ratio between the market capitalization of BTC to the total market capitalization of all cryptocurrencies combined and is often used as a gauge for market sentiment. PLUS: Some Solana tokens are up as much as 70%.
Solana was the best-performing asset in the CoinDesk 20 Index through the week, advancing 11%, while BTC and ETH declined.
Tesa, a smart trading agent designed to optimize memecoin trading by enhancing speed, cost efficiency and accessibility, joins the Cointelegraph Accelerator program.
The unknown crypto trader only invested $3,000 into a new Solana-based memecoin before its price rally.
Cryptocurrency prices have rebounded, with the largest memecoins by market capitalization—Dogecoin, Shiba Inu, and Pepe—posting double-digit gains over the past week. This recovery was sparked by Bitcoin’s “Uptober” rally above $68K, driving increased buying demand. Notably, Dogecoin’s recent surge has attracted whale investors, pushing the price past key resistance levels. With multiple on-chain metrics turning …
The memecoin supercycle theory has spread quickly, convincing many of the potential for big profits.
The latest price action indicates that the crypto markets are preparing for a strong bullish action in the coming days as the market dynamics are about to flip soon. The Bitcoin price made a huge move before the previous day’s close and circulated bullish waves across the markets. In the meantime, the top memecoin, Dogecoin, …
In a year marked by significant volatility in the cryptocurrency market, memecoins have emerged as key players, outperforming Bitcoin (BTC) and the rest of the largest cryptocurrencies in the ecosystem. This trend was underlined by recent insights from market expert Miles Deutscher, who highlighted a presentation by memecoin analyst Murad at the TOKEN2049 conference in Singapore. Memecoins Challenge Traditional Cryptocurrencies According to Murad, only 43 tokens have surpassed Bitcoin’s performance in 2024, with 13 of those being memecoins. Notably, eight of the top ten performers in the market this year are also memecoins. Murad emphasized that this cycle is distinct from previous ones, asserting, “The memecoin cycle is not a prediction; it has already begun—memecoins are dominating by virtually every metric.” Related Reading: TON Recovery Stalls: Another Price Decline Hinders Bullish Efforts The rise of memecoins can be attributed to several factors, particularly their ability to resonate with retail investors seeking community, identity, and excitement, rather than merely potential financial gains. As Murad puts it, “Memecoins are a superior version of altcoins.” The appeal of memecoins extends beyond speculation; it is alleged that they have cultivated a culture that fosters community and “emotional connection” among investors. Murad noted that these tokens enable users to engage in a shared experience, bringing real value through stories that “create trends and spark movements”. Success stories of significant gains—such as those seen with tokens like dogwifhat (WIF) and Pepecoin (PEPE)—propagate quickly, fueling interest and excitement in the memecoin space over the past year. According to Deutscher, the most successful cryptocurrencies have developed strong communities, often resembling “cult-like followings.” Cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin have thrived on this dynamic, and memecoins are fully embracing it. SPX And GIGA Capture Retail Attention Murad further explained that the recent performance of altcoins on platforms like Binance has further fueled the memecoin narrative. Almost every altcoin listed this year is trading below its listing price, with only two exceptions: WIF, a memecoin, and JUP, which facilitates memecoin trading. Murad further alleges that retail investors prioritize making money (70%), having fun (20%), and feeling a sense of belonging (10%). Murad argues that memecoins embody this speculative nature, akin to the Initial Coin Offering (ICO) boom of 2017, but in a new form. Instead of initial coin offerings, Murad sees that memecoins are allowing early-stage investments at lower valuations, which contrasts sharply with altcoins, where most upside is captured in private markets. Related Reading: Bitcoin Price Turns Green In October Once Again, Is The Bull Run Here? Deutscher also praised that as the memecoin phenomenon continues to grow, Murad’s insights have already influenced market dynamics, sparking one of the strongest memecoin rallies of the year. Tokens dubbed “Murad coins,” such as SPX and GIGA, have seen substantial gains, resonating with retail investors who are drawn to the excitement of potential profits. At the time of writing, the SPX is trading at $0.575, up a remarkable 35% in the 24 hour time frame, showing the impact of Murad’s participation in the TOKEN2049 in early September this year. Featured image from DALL-E, chart from TradingView.com
Cardi B’s WAP memecoin launch stirs controversy as crypto investigators link the wallet address to past scams and rug pull projects.
Discover Pump.fun, Solana’s memecoin generator, where users can create, trade, and explore customizable meme tokens on the Solana blockchain.
The markets appear to be recovering from the recent bearish action, while the memecoins have been gaining significant strength. While the newly launched memecoins like DOG, POPCAT, MEW, etc. have been surging with huge margins. Besides, the popular ones like Dogecoin, PEPE, BONK, FLOKI, & Shiba Inu are trying to validate a bullish reversal. Among …
Dogecoin (DOGE), the meme-based cryptocurrency, has recently seen a sharp decline in price following a short rally to $0.12 last week. Amid this plunge in price performance, prominent crypto analyst Ali has identified key levels where its price needs to be reclaimed real soon, or there will be negative consequences. Related Reading: Dogecoin To The Moon? Trading Guru Sees A Bullish Breakout on the Horizon—Here’s Why Dogecoin: Reclaim $0.11 Or What? In a recent post on Elon Musk’s social media platform X, Ali highlighted the importance of the $0.11 price mark for Dogecoin, noting that approximately 60,210 addresses had purchased around 36.40 billion DOGE tokens at this level. He explained that these addresses represent significant support, and if the price remains below $0.11, holders might become increasingly inclined to sell their assets to mitigate potential losses. This selling pressure could accelerate DOGE’s downward trend. 60,210 addresses bought 36.40 billion $DOGE at $0.11! #Dogecoin must reclaim this level soon to sustain a bullish outlook. Otherwise, a failure to do so could lead to a sell-off as investors may seek to minimize losses. pic.twitter.com/BABwVfPGem — Ali (@ali_charts) October 3, 2024 DOGE’s Ongoing Decline: Beginning Of Another Bearish Trend? So far, Dogecoin has been on a downward trajectory, losing a significant portion of its gains from its recent rally. Over the past week, DOGE has dropped by 10.8%. The decline has continued into the past 24 hours, with the asset shedding 4.2% of its value, currently trading at around $0.1019. This price drop has directly impacted DOGE’s market capitalization, falling from over $17 billion last Thursday to around $14.9 billion today. Alongside this, the 24-hour trading volume for DOGE has also seen a noticeable decrease, from $1.4 billion last Thursday to just above $1 billion. While many in the crypto community are panicking concerning this bloodbath, analysts have continued to share their outlook and remain optimistic. Related Reading: Dogecoin On-Chain Spike Triggers 180% Price Rally Prediction—What’s Next? For instance, Trader Tardigrade, a popular crypto analyst, in a recent post on X, suggested that the recent dip in Dogecoin’s price may be a “retest” of its descending trendline following a recent breakout. According to Tardigrade, Dogecoin’s relative strength index (RSI), which measures the magnitude of recent price changes, shows a lower low while DOGE maintains a higher low position. According to technical analysis, this divergence could indicate a possible trend reversal in favor of a bullish move. Tardigrade concluded the post with advice noting: “Understand the TA [technical analysis], and you won’t be shaken out.” Featured image created with DALL-E, Chart from TradingView
The Chiliz blockchain is aiming to become "the sports blockchain," its CEO Alexandre Dreyfus told CoinDesk in an interview, while also calling out the disproportionate historical hype around NFTs in comparison to fan tokens.
Veteran commodity trader Peter Brandt recently drew attention to Dogecoin (DOGE), the largest meme-based cryptocurrency by market capitalization, suggesting a potential bullish breakout. Brandt shared a DOGE/USDT chart in a post on X, pointing to a breakout DOGE has recently achieved from a descending channel that the asset has been stuck in for over half a year. Related Reading: Dogecoin Eyes Bullish 50% Rally To $0.16, But Will A Crash Come First? Identified Bullish Momentum in Dogecoin The chart shared by Brandt further reveals that DOGE, which had previously been trading within a horizontal channel for roughly two years between July 2022 and July 2024, experienced fluctuations between a lower trend line of $0.05 and an upper level of $0.1181. DOGE peaked at $0.2100 in March before entering its descending pattern. Now, signs indicate that DOGE might be breaking free from this downward trend. Brandt emphasized that the longer-term chart for DOGE could be considered “constructive,” supporting his analysis with the encouraging message, “Get along little doggie.” So far, DOGE has been riding the positive wave seen in the broader crypto market. The asset’s price climbed 8.2% in the past 24 hours, trading at around $0.1235. While this upward trend aligns with the market’s general bullish sentiment, Brandt’s technical analysis suggests that DOGE’s breakout could signal the beginning of a more sustained upward movement. Other Bullish Indicators for DOGE’s Momentum Peter Brandt’s observation is not the only bullish sentiment surrounding Dogecoin. Another prominent crypto analyst, Ali, recently noted that DOGE appears to be showing strength. In an X post uploaded on September 26, Ali pointed out that DOGE has experienced a Relative Strength Index (RSI) and price breakout from multi-month downtrends. Furthermore, the asset has received a buy signal from the SuperTrend indicator. These developments indicate that momentum is potentially shifting toward the meme-based cryptocurrency. Before DOGE’s surge above $0.12 today, Ali had set specific conditions for a full-fledged bullish rally for the asset. These conditions included breaking the descending trendline of RSI on the daily chart and pushing past a resistance level of $0.11. #Dogecoin is gearing up for a bullish breakout! Watch for two key signals: ⭕️First, RSI breaking the descending trendline on the daily chart. ⭕️And second, $DOGE surging past the $0.11 resistance! pic.twitter.com/7i1QMXNi3F — Ali (@ali_charts) September 19, 2024 With DOGE successfully achieving both conditions, the analyst’s sentiment has grown increasingly positive about the possibility of an extended rally. Related Reading: Dogecoin Wins Over Major Demand Zone: Path To $0.15 Now Clear? DOGE’s ability to break key technical levels provides a favorable outlook for further price appreciation, indicating that the current rally might not be just a short-term burst. Featured image created with DALL-E, Chart from TradingView