PancakeSwap (CAKE) has increased 40% in the last 24 hours, and its revenues have climbed to $19 million over the past seven days, behind only Tether, Circle, and Jupiter.
The 6-hour chart illuminated that SHIB was trading under a local resistance at $0.0000138, a level that rebuffed the bulls on the 16th of March.
Shiba Inu price has been facing a downturn over the past few months, dropping nearly 63% since December 2024. Despite this, a key metric has shown positive signs that may help the meme coin recover.
Binance Coin, known by its ticker $BNB, is outperforming the biggest cryptocurrencies, Bitcoin and Ethereum, if we go by 24-hour metrics.In the last 24 hours, Bitcoin ($BTC) has remained steady at $83,000, showing little movement. Despite projections of a $160,000 price target in 2025, it continues to trade at roughly half that level.While the U.S.
Prominent crypto chart analyst Ali Martinez has shared insights into his trading strategy, demonstrating how disciplined execution and risk-reward balance have helped him generate significant profits despite occasional setbacks. What Happened: In an X post on Monday, Martinez emphasized that losses are an unavoidable part of trading but managing them effectively ensures that winning trades outweigh the losses over time.
Shiba Inu is gaining momentum as its price breaks above the critical 100-day moving average, a sign that bullish sentiment may be strengthening. This breakout marks an important shift in SHIB's market structure.
Bitcoin (BTC) has largely stayed above $80,000 since March 11, indicating that the bulls are not waiting for a deeper correction to buy. However, the failure to propel the price above $86,000 shows that the bears have not given up and continue to sell on rallies.CoinShares' weekly report shows that cryptocurrency exchange-traded products (ETPs) witnessed $1.7 billion in outflows last week.
Bitcoin's next move would be impacted by key economic events set to unfold this week.
A prominent Wall Street expert has weighed in on Shiba Inu (SHIB) reaching $0.01, noting that with its current price at $0.000012, such a surge would require an 85,800% increase, a challenge despite ongoing token burns. Meanwhile, crypto whales are doubling down on Mutuum Finance (MUTM), currently in its presale at $0.
Decentralized exchange PancakeSwap is reaping the rewards of a Binance Smart Chain surge—sending its CAKE token flying.
A recent report published by the on-chain data aggregator CryptoQuant shows that the second largest meme cryptocurrency, Shiba Inu (SHIB), has faced a massive decline in one of its key metrics – the SHIB reserve stored on crypto exchanges.
CAKE, the native cryptocurrency of PancakeSwap, a decentralized exchange on the BNB Chain, has surged over 45% within the last 24 hours.CAKE surged from a low of $1.78 to a high of $2.69 in early Monday's session, extending yesterday's recovery from lows of $1.383. At the time of writing, PancakeSwap was up 40% to $2.48 and up 59% weekly.
"I'm sure he will have a lot to talk about once he returns to socials," LUCIE stated.
Despite being incredibly diverse and varied, the cryptocurrency market often tends to end up in a ‘winner takes all' scenario.
As fresh data points to a sharp drop in whale activity, Shiba Inu is still having trouble on the market. Large-holder inflows have decreased by an astounding 85% in the last week, according to the most recent on-chain metrics, indicating a precipitous drop in investor confidence.
TL;DR The BNB Chain has become a hotspot for meme tokens, with PancakeSwap leading trading activity and drawing over 60,000 daily users. PancakeSwap's robust daily volume of $1.63 billion outpaced Solana's, thanks to Binance's curated ecosystem that mitigates risks like rug pulls.
Shiba Inu (SHIB) burn rate shot up 50,000% in the past day with a massive 13 million tokens being removed from the circulating supply.
Shiba Inu (SHIB) has been on a downtrend because of a bearish sentiment in the broader crypto market. However, analysts are bullish that Shiba Inu price could be on the verge of a breakout that could lead to 2x or 3x gains.
PancakeSwap (CAKE) is showing strong bullish momentum with a 15% surge in price.
PancakeSwap's native token CAKE surged 15% as the trading platform overtook other decentralized exchanges in daily trading volume, reaching $1.64 billion.
Shibburn blockchain data aggregator spreads the word about a massive five-digit increase in the burn rate over the past day.
BNB jumps 25% as rumors of a Trump-Binance deal circulate. A double bottom pattern hints at a potential breakout to $875—will bulls sustain momentum?
BNB is seeing bullish sentiment from investors and traders as Binance Smart Chain's decentralized exchange volume surpasses Solana and Ethereum.
The influence of Changpeng 'CZ' Zhao drives the BNB Chain adoption as Solana's activity slows down.
After retesting and rebounding from a crucial support level of around $1.55 in the past few weeks, PancakeSwap (CAKE), the largest decentralized exchange (DEX) on the BNB chain, has signaled a shift to bullish sentiment.
The crypto markets remained sluggish throughout the weekend without massive price actions, while the rise in the BTC price raised optimism. In the meantime, BinanceCoin has gained the spotlight, recording decent gains compared to the other top 10 cryptos.
BNB price is up by 3.57% today despite the broader crypto market consolidation while eyeing fresh all-time high levels above $750. The investor sentiment has improved as the Binance Smart Chain (BSC) records a massive surge in the meme coin activity led by Mubarak.
Shiba Inu burn rate once again propelled significant investor optimism by gaining over 1500% on Monday. The latest burn metrics signaled that roughly 13 million coins were ditched from the crypto's circulating supply intraday.
The short-term sentiment behind CAKE appeared bullish- could this lead to increased bidding and a move beyond $2.16 next?
The burn rate of Shiba Inu (CRYPTO: SHIB) has skyrocketed by over 62,000%, resulting in the removal of 505 million SHIB tokens from circulation within a single day. What Happened: The burn rate of Shiba Inu surged by an astounding 62,000%, leading to the permanent removal of 505.6 million SHIB from circulation.
Bitcoin (BTC) is struggling to break above the 200-day simple moving average ($84,000), but a positive sign is that the bulls have not ceded much ground to the bears. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to achieve a weekly close above $81,000 to signal resilience.
Cryptocurrency prices rose modestly during the weekend as investors embraced a risk-on sentiment following Friday's surge in the US stock market. Bitcoin (BTC) held steady above $84,000, while the market cap of all coins rose to over $2.8 trillion.
They were said to be dead, those brave SHIB. But the team is barking, burning tokens in batches and preparing a revenge that could bite much harder than expected.
Large holders are leaving the market at an alarming rate, which is a worrying trend for Shiba Inu. Recent data shows a startling 70% drop in whale transactions, pointing to a significant change in institutional and high-net-worth investors' attitudes.
Bulls are trying to hold the gained initiative at the end of the week, according to CoinStats.
Shiba Inu's price action in the past 24 hours has been characterized by a brief recovery after hitting a low of $0.00001237. This 24-hour price recovery is part of a 15% recovery after Shiba Inu reached a low of $0.00001102 on March 11, which is its lowest point in over a year.
The crypto market today held steady as investors remained optimistic that the worst is now behind us. This hope rose after stocks and crypto prices surged on Friday, with the top three US indices like the Dow Jones, Nasdaq 100, and S&P 500 rising by over 1.5%.
Shiba Inu (SHIB) is once again attempting to recover lost ground, but strong resistance and an ongoing downtrend continue to limit its upside potential. Currently hovering around $0.000012, this level has acted as a crucial support zone in recent months.
This week, the crypto market failed to notch an all-inclusive rally, extending the uncertainty it has faced since January. Due to this, most altcoins in the market recorded major declines, with some registering yearly lows. However, trade-war tensions and inflation in the US plunges, there's a renewed buying interest in the altcoin market.
The official SHIB social media marketing expert, known to the community under the pseudonym Lucie, has addressed the SHIB army. Her message was particularly aimed at those who have been criticizing and underestimating SHIB and its layer-2 solution, Shibarium.
Shiba Inu (SHIB) is gearing up for a massive 150% surge, with analysts pointing to growing whale accumulation and bullish market sentiment. As SHIB gains momentum, another rising star, Mutuum Finance (MUTM) is emerging as a potential safe haven and a hidden gem still flying under the radar at $0.
There may be potential for a major price rally here.
Shiba Inu price has been stuck in a downtrend for 100 days, which has raised concerns among investors about when the meme coin could stage a comeback. With selling pressure, dominating the market, SHIB is struggling to regain momentum, thus the question, when will the meme coin end its 100 day price downtrend.
The price of Shiba Inu (SHIB) is recovering after breaking above the $0.00001100 support twice.
The weekend has begun with the market bounce off, according to CoinStats.
Shiba Inu's layer-2 blockchain, Shibarium, is nearing a key milestone as the total number of blocks is set to hit 10,000,000. This remains significant for the Shiba Inu ecosystem, reflecting the network's growing adoption.
The cryptocurrency market finally recovered after losing nearly a trillion in the earlier crash. However, not all crypto tokens are worth holding, and investors should focus on the best one to benefit from amid these changing market sentiments.
Learn about Binance Coin (BNB): its uses, benefits within the Binance ecosystem, and key information about this cryptocurrency.