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Memecoins

Shiba Inu's Meteoric Rise: SHIB Price Hits 2-Year HighIn the ever-evolving landscape of cryptocurrencies, few phenomena capture the imagination quite like the meteoric rise of meme coins. Among these, Shiba Inu ( CRYPTOCAP:SHIB ) stands out, not only for its adorable canine-inspired branding but also for its recent surge in value and burn rate. As the crypto community grapples with the implications of this unprecedented growth, it's crucial to delve deeper into the factors driving Shiba Inu's ascent and what it means for the future of the ecosystem. The Surge in Burn Rate: One of the most striking developments in the Shiba Inu ( CRYPTOCAP:SHIB ) saga is the exponential increase in its burn rate, soaring by an astounding 840% in a single day. This surge, as reported by Shibburn, underscores a fervent commitment among investors to reduce the circulating supply of CRYPTOCAP:SHIB tokens. By destroying 35.30 million CRYPTOCAP:SHIB tokens within 24 hours, prominent wallet addresses signal a concerted effort to instill scarcity and bolster investor confidence. However, this surge also prompts critical questions about the sustainability and long-term implications of such a drastic burn rate. Implications for Price Dynamics: The immediate consequence of Shiba Inu's burn rate surge is its catapulting price to a two-year high, accompanied by a remarkable 71.32% increase during the reporting period. Such exponential growth not only propels CRYPTOCAP:SHIB to the 11th position by market capitalization but also ignites optimism among meme coin enthusiasts. Yet, while the surge in price may elicit euphoria, it's essential to temper expectations and assess the underlying factors driving this rally. Community Enthusiasm and Market Sentiment: At the heart of Shiba Inu's meteoric rise lies the unwavering support of its community, exemplified by the surge in burn rate and trading volume. Wallet addresses actively participating in token burning underscore a shared vision of creating value through scarcity. Moreover, derivatives data analysis indicates a robust sentiment in the market, with open interest soaring by 83.33% to $77.97 million. However, amid the fervor surrounding SHIB's ascent, it's imperative to acknowledge the inherent risks associated with meme coins and exercise caution in navigating the volatile crypto landscape. Challenges and Considerations: While Shiba Inu's ( CRYPTOCAP:SHIB ) recent surge may paint a picture of unbridled success, it's essential to confront the challenges and considerations lying ahead. The Relative Strength Index (RSI) of the meme coin signals an overbought condition, raising concerns about a potential market correction. Moreover, sustaining momentum amidst regulatory scrutiny and evolving market dynamics poses a formidable challenge for Shiba Inu and its community. Conclusion: In the saga of Shiba Inu, the surge in burn rate and accompanying price rally epitomize the dynamism and unpredictability of the cryptocurrency market. While optimism abounds, tempered by caution, it's imperative for investors to maintain a balanced approach and stay attuned to evolving developments. As Shiba Inu ( CRYPTOCAP:SHIB ) continues to captivate headlines and reshape the crypto landscape, only time will reveal the true extent of its impact and sustainability.
COINBASE:SHIBUSDLong
by DEXWireNews
3
CDOGEUSDT: Bullish Consolidation at 61.8% Retrace and SupportAfter what has been a fast and aggressive 32% Decline, CDOGE has formed a Double Bottom with MACD and RSI Bullish Divergence at the 61.8% Retrace which happens to align with Support and now has climbed back above the 21SMA. With all this in mind I think we will come back up to Square Up and undo that big bearish candle and i addition to that I think we could be setting up for an AB=CD BAMM which would take us up to the 1.618 Fibonacci Extension.
CLong
by RizeSenpai
Shiba Inu Price Surge: Burn Rate Sparks Rally Towards $0.00001Often dubbed the "Dogecoin Killer," this meme-inspired token has experienced its fair share of highs and lows. However, recent developments suggest that the tide may be turning in favor of CRYPTOCAP:SHIB holders, as a surge in burn rate ignites a rally towards the elusive $0.00001 mark. SHIB''s Recovery Amidst a broader recovery trend in the crypto market, Shiba Inu ( CRYPTOCAP:SHIB ) has emerged as a standout performer, defying earlier bearish sentiments and reclaiming lost ground. On February 5th, CRYPTOCAP:SHIB bounced back from its local support level at $0.0000085, signaling a 6% increase to reach a current trading price of $0.0000093. This surge not only broke through a critical resistance trendline but also injected a renewed sense of optimism among investors. Burn Rate: Key to this bullish momentum has been the unprecedented surge in burn rate, a metric that measures the destruction of SHIB tokens. Recent data from Shibburn, a platform dedicated to monitoring token burning activities, reveals a staggering 127.41% increase in SHIB incineration, with a jaw-dropping 21 million tokens destroyed in the last 24 hours alone. This surge in burn activity not only reduces the total supply of SHIB but also serves to drive up demand, creating a supply-demand dynamic that could further fuel price appreciation. Impacts of SHIB Burn The implications of this burn-driven rally are profound. Not only does it signal a shift in market dynamics, but it also underscores the growing utility and community engagement within the Shiba Inu ecosystem. As more investors participate in burning initiatives, the scarcity of CRYPTOCAP:SHIB tokens increases, potentially paving the way for sustained price growth in the long term. SHIB's Upward Trajectory However, amid the euphoria of this rally, questions linger about the sustainability of SHIB's upward trajectory. Analysts warn that a failure to sustain bullish momentum could lead to a pullback, with SHIB potentially retracing to a significant support level at $0.0000085. Yet, even in the event of a correction, this support line, which has remained active for almost four months, presents a compelling buying opportunity for traders seeking to enter the SHIB market at a lower price point. Conclusion In conclusion, the recent surge in Shiba Inu's price, fueled by a surge in burn rate and bullish market sentiment, marks a significant milestone for the meme-inspired token. As the crypto community watches with bated breath, all eyes are on SHIB as it embarks on its quest to reach the elusive $0.00001 mark and beyond. With burning initiatives gaining traction and investor optimism on the rise, the journey ahead promises to be both thrilling and unpredictable, embodying the essence of the crypto market itself: volatility, innovation, and endless possibilities.
COINBASE:SHIBUSDLong
by DEXWireNews
PEPE possible inverse hs on supportLooks like PEPEUSD can find support here. Back in blue box on 0.5 and possible inverse HS on hourly and daily tf's. Invalid if price breaks and flips 0.0xx8 into res. then confirmation of 0.0xx6 level or new bottom, less probable imo. depends on bitcoin bottom around 30k or if goes lower. For bullish case tp's to range highs are in the chart, high one is long term. GL BINANCE:PEPEUSDT OKX:PEPEUSDT MEXC:PEPEUSDT CRYPTO:PEPEUSD BYBIT:PEPEUSDT
Long
by OpOsjaan
Myro Token Surges to Top 3 Memecoins on SolanaMyro ($MYRO) has emerged as a formidable player, claiming its spot as the third-largest memecoin on the Solana blockchain. The token's recent surge to an all-time high (ATH) of $0.2607 within a short timeframe has turned heads, marking a remarkable journey from obscurity to prominence. This article explores the factors behind Myro's meteoric rise and the unique milestones that set it apart in the competitive world of memecoins. The Solana Connection: $Myro's success is intricately linked to the broader positive sentiment surrounding the Solana protocol. The third quarter of 2023 witnessed a resurgence in the uptrend of $BONK, sparking increased interest in alternative memecoins within the Solana ecosystem. $Myro, making its debut on Solana last year, quickly captured the imagination of traders, with its name inspired by the dog of Solana co-founder Raj Gokal. Impressive Growth Trajectory: From its humble beginnings at $0.001995 on November 14, 2023, Myro has experienced an extraordinary surge of over 1,100%, reaching its ATH of $0.2607 just hours before the time of writing. This growth trajectory positions Myro as the fifth-largest memecoin by 24-hour trading volume, with an impressive $88,795,158 in trade. Only Dogecoin (DOGE), Shiba Inu (SHIB), BONK, and Dogwifhat (WIF) precede $Myro in this ranking, underscoring its newfound prominence in the market. Unique Market Position: Myro's ascent to the top is further highlighted by its ability to flip PEPE in trading volume, showcasing sustained interest and investor confidence. The memecoin's performance stands out, especially considering the volatility inherent in the memecoin space. The Solana Mobile Incentive: A noteworthy aspect contributing to Myro's recent frenzy is its potential association with the announced Solana Mobile upgrade. The prospect of securing a Solana Mobile phone has already garnered over 30,000 pre-orders within a mere 24 hours. The incentive lies in the possibility of airdrops for phone holders from projects within the Solana ecosystem. This particular feature has caught the attention of memecoin farmers, adding a unique dimension to Myro's acclaim. Social Media Buzz: Myro's growing popularity is further evident in its remarkable surge in social media mentions, propelling it to trend on various platforms. The community's enthusiasm and engagement contribute to the memecoin's overall appeal, fostering a sense of community around the Myro brand. Conclusion: Myro's journey to becoming the third-largest memecoin on Solana is a testament to the dynamic nature of the cryptocurrency market. Its unique milestones, coupled with the positive outlook of the Solana protocol and the potential impact of the Solana Mobile upgrade, position Myro as a noteworthy player in the ever-expanding memecoin landscape.
Long
by DEXWireNews
Robinhood's $SHIB Purchase Send Shockwaves Through Crypto MarketPopular American exchange Robinhood has made a bold move by acquiring a staggering 202 billion Shiba Inu ( CRYPTOCAP:SHIB ) tokens in less than 24 hours. This unprecedented buying spree positions Robinhood as the fourth largest custodian of Shiba Inu, trailing behind Binance, Crypto.com, and the mysterious black hole wallet associated with the original Shiba Inu project. The move has not only caught the attention of the crypto community but has also sparked discussions about the potential implications for Shiba Inu's future and the broader cryptocurrency market. Robinhood's Growing Influence: The acquisition by Robinhood now means that the platform holds approximately 2% of SHIB's circulating supply. This significant ownership stake raises questions about Robinhood's strategic vision for Shiba Inu and its potential impact on the token's market dynamics. The move is particularly noteworthy as it comes amidst a period of price stagnation for CRYPTOCAP:SHIB , with the token slipping below 1% following a week-long correction in the overall crypto market. Vitalik Buterin's Legacy and CRYPTOCAP:SHIB 's Circulating Supply: It's crucial to revisit the project's history, especially Vitalik Buterin's use of the dead wallet address to burn $6.7 billion in Shiba Inu tokens nearly three years ago. This altruistic act, which removed approximately half of CRYPTOCAP:SHIB 's supply from circulation, still resonates on the blockchain, constituting 41.04% of the total supply. The current ownership dynamics, with Robinhood emerging as a major custodian, adds a new layer to Shiba Inu's evolving narrative. Crypto Whales in Action: The article further explores other notable transactions within the Shiba Inu ecosystem, shedding light on the actions of crypto entrepreneur Justin Sun. SpotOnChain, a blockchain whale-watching agency, reveals Sun's recent move to cash out 79.334 billion CRYPTOCAP:SHIB tokens from Binance to a decentralized wallet on-chain. This follows his substantial withdrawal of 500 billion CRYPTOCAP:SHIB coins just last month, indicating an intriguing accumulation phase for the crypto billionaire. Market Reversal and Long-Term Investment Potential: As the crypto community closely monitors these whale movements, there's a recognition that such actions often precede price trend reversals. Additionally, the article underscores the significance of these moves in assessing the long-term investment potential of Shiba Inu. While some crypto whales accumulate CRYPTOCAP:SHIB in response to positive developments like the acceptance of Bitcoin exchange-traded funds (ETFs), it's essential to note the current negative correlation between Shiba Inu and Bitcoin prices, as highlighted by blockchain data analysis platform IntoTheBlock. Conclusion: Robinhood's substantial acquisition of Shiba Inu tokens has injected fresh energy into the Shiba Inu ecosystem, prompting speculation and discussions within the crypto community. The article dives into the historical context, market dynamics, and the actions of key players like Justin Sun, providing readers with a comprehensive understanding of the current state of Shiba Inu and its potential trajectory in the ever-evolving cryptocurrency landscape.
by DEXWireNews
1
BONK is Ready to Pump again🚀🦊There has been a lot of talk about memecoin BONK these few days (it has given about ➕ 700% profit in the last 30 days), so I decided to analyze the chart of this token for you in a 15-minute time frame. Maybe we can still make a profit from it. 📚 What Is Bonk (BONK) ❗️❓ 🔸 According to the one-pager, BONK is the first dog-themed coin on Solana "for the people, by the people" with 50% of the total supply of the cryptocurrency airdropped to the Solana community. BONK is similar to Shiba Inu (SHIB) and Dogecoin (DOGE) memecoins, it was launched on December 25, 2022, and led to an increase in the price of the SOL token (a rise of 34% in 48 hours). Trading began on December 30, 2022, arousing genuine interest from the crypto community. 🔸The main goal of the team is to bring back liquidity to Solana-based decentralized exchanges (DEXs). The idea of the developers was to create a full-fledged community coin that will be used across all the dApps built on Solana, and each user will have the opportunity to become part of the ecosystem, "where everyone gets a fair shot". 🔸BONK was airdropped randomly to Solana NFT collectors, developers, and artists, other airdrop details remain unknown. 💡It was just 11 days ago that Anatoly Yakovenko , one of the founders of Solana Labs , expressed his regret that the company's Saga mobile phones were NOT sold. However, the company's official account announced today that all Saga mobile phones have been sold in the US , with only a few remaining in Europe . Referring to the amount of BONK tokens that each buyer of Solana's mobile phone will receive, Steven Zheng , director of research, said yesterday: "They want to buy Solana's phone Because the value of the BONK tokens they receive will soon be more than the phone itself. 📉From the point of view of technical analysis , it seems that the BONK token is moving in a Descending Channel . 💡 BONK also seems to be completing a 🦋 Bullish Butterfly Harmonic Pattern 🦋 near the 🟢 Support zone 🟢 and Support lines . 🔔I expect BONK to break the upper line of the descending channel after the Bullish Butterfly Harmonic Pattern completes [in 🟡 Time Reversal Zone(TRZ) 🟡] and at least rise( ➕40% ) to the 🔴 Resistance zone 🔴. ❗️⚠️Note⚠️❗️: In general, try to risk less capital on Memecoins. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bonk Analyze (BONKUSDT), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
11
PolyDoge review (memecoin)First of all, I think it's important to point out that I don't invest in meme-coins and I don't see any value in it. This is just an analysis with a more humorous and entertaining content, which I did in my free coffee time. I would never put my life savings in such a place... Asterisks aside, let's get to the analysis. A brief introduction PolyDoge is a memecoin token contained on the Polygon blockchain. It offers an ecosystem of NFTs, Dapps and airdrops. Source: Polydoge website Price analysis Price is above a diagonal support line. If I were to position myself on this, I would aim for a profit of at least 40% touching the diagonal resistance line. Looking at a lower timeframe, we could place a tighter stop or target: "There is no expensive stop, what exists is bad risk management".
Long
by andre_007
4
Why Penny Cryptos are LETHAL for TradersCryptocurrencies are often likened to the Wild West. They are untamed, unregulated, and packed with potential riches. However, they are also fraught with hidden dangers and potential pitfalls. One such peril lies in the world of penny cryptos. They’re cheap, super volatile, and they attract the minds of those who want a quick fortune. This is similar to a gambling mentality. And You don’t want to go down this rabbit hole. Once you get in, you find every reason to hold. You build so much trust, prospects and hope with them. You might as well marry them and expect the inevitable divorce which will rob you of your money. Anyways, penny cryptos are lethal, and here’s why. #1: Huge Volatility with Major Fluctuations Imagine being on a roller coaster that has extreme highs and drastic lows. One moment, you’re at the peak, enjoying a scenic view. The next you’re plunging into a scary abyss. That’s the world of penny cryptos. Penny Cryptos are definitely like the wild wild west. They swing drastically in value. This is because of the low value of the currency. #2: Issued by Small Companies with Little Experience and Knowledge If the financial world was an ocean, penny cryptos would be the tiny, uncharted islands you might stumble upon. The kind of islands that do not inhabit life and have erratic waves completely wash over it on a sporadic basis. Well, in the deep ocean of crypto currencies, Penny Cryptos are these tiny pebbles. Most times they’re issued by small, relatively unknown companies. Sometimes they are issued by children in their parents basements. Sometimes they are issued by gamers who don’t want to work for a living. Sometimes they are issued by Only Fans sexy girls who flaunt their bits and believe their currency will go up in value (amongst other things). Anyways, Penny Cryptos (unlike Penny Stocks) lack the experience, credibility, intangible asset value and knowledge to navigate the tumultuous shitty penny cryptos. In fact, they call many of these Penny Cryptos Shit Coins – No joke! Such companies often struggle with regulatory hurdles, lack of funding, and poor management, making their cryptocurrencies extremely risky ventures. #3: High Target of Scams and Fraud and Even Ponzi Schemes Penny cryptos can sometimes be the financial equivalent of snake oil salesmen. Their low cost and relative anonymity make them the perfect target for scams, fraud, and even Ponzi schemes. And you know how messed up the world is and what kind of trash people there are. And so, they are Penny Crypto con artists who try to sell their shitty coins only to lead to either a pump-and-dump scheme. Or to fake an ICOs Initial Coin Offering) gather a whole bunch of money from investors, then make a run for it. Please don’t fall for these scams! #4: Illiquid and Low Volume Which Will be Difficult to Get in and Out One of the most lethal attributes of penny cryptos is their lack of liquidity. Liquidity, in the financial sense, is like the exit doors in a movie theater. The more doors there are, the easier it is for people to leave when the movie is over. In the world of penny cryptos, these exit doors are often few and far between. Due to their low volume, buying and selling penny cryptos can be incredibly difficult. If you’ve invested in a penny crypto and its value begins to plummet, you may find yourself trapped, unable to sell and cut your losses. And you’ll just be stuck in your trade for years on end, while it gathers digital dust. #5: More Likely to Hit 0 as They are Less Trusted by the Public Trust is like the foundation of a house. If it’s strong and solid, the house stands tall. If it’s weak or non-existent, the house collapses. Given the factors I mentioned above, should be enough to make you realise. Any one of these weaknesses with a coin, can lead to a crash down to 0. And believe you me, most of the millions of Penny Cryptos that are around today – will be nothing more than a remnant of a memory in the future.
Education
by Timonrosso