On Wednesday, the crypto market experienced a sudden wave of selling pressure as Bitcoin headed for the $60k breakdown. While most major altcoins followed this downward momentum, Dogecoin showed resilience, posting a 0.4% intraday gain.
The Dogecoin price could soon witness another price rally following a recent accumulation trend from crypto whales. Onchain data shows that these whales have bought billions of DOGE tokens in the last week, which could trigger a price surge for the foremost meme coin.
Cryptocurrency markets are trading sideways despite key Bitcoin metrics rising. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $61,248 -1.2% Ethereum (CRYPTO: ETH) $2,412 -0.9% Solana (CRYPTO: SOL) $140.6 -1.5% Dogecoin (CRYPTO: DOGE) $0.1087 +1.98% Shiba Inu (CRYPTO: SHIB) $0.00001697 -0.9% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 5.6% and daily active addresses growing by 16.5%.
The market capitalization of meme coins is trading sideways over the last 24 hours, with a majority of established memes like Shiba Inu (CRYPTO: SHIB), Pepe (CRYPTO: PEPE) and Dogwifhat (CRYPTO: WIF) failing to back up their September gains. What Happened: Crypto trader Unipcs highlighted that despite the hype around newer coins, established ones like Dogecoin (CRYPTO: DOGE), Shiba Inu, Floki (CRYPTO: FLOKI), Bonk (CRYPTO: BONK), Dogwifha, and Pepe are poised for a significant rally.
Meme coin watchers are betting big on Flockerz ($FLOCK), a new kind of meme coin that makes voting and community building both fun and profitable.
The Meme coins category has continued recording a volatile price action over the past few days. This highlights increased price action for these projects in the market.
Bitcoin's failure to hold $62,000 may trigger another selloff and pull altcoin prices lower.
SHIB stuck to the positive market sentiment it has experienced over the last month.
Dog-themed cryptocurrency Shiba Inu (SHIB) has seen 1.99 trillion SHIB in large transaction volume, according to data from IntoTheBlock.
Dogs (DOGS) and Notcoin (NOT), two major cryptocurrencies of The Open Network (TON) ecosystem, just finished their first joint token burn event. So far, it looks like the community remains unimpressed by the effects of the action, as both assets are losing value.
XRP and Dogecoin have experienced a slump due to crypto market consolidation over the past week. Despite the recent stability, these two top-10 digital assets show signs of potential gains this October.
Buyers are becoming weaker as most of the coins have returned to the red zone, according to CoinStats.
The Dogecoin price has recovered by 2% in the past 24 hours, returning to $0.1103 as the crypto market loses 1.5% today.
Shiba Inu price remained in a tight range, underperforming some of the newly minted meme coins like Popcat, Neiro, and SPX6900. Shiba Inu (SHIB) was consolidating at $0.00001718 on Oct.
A popular crypto trader thinks one Dogecoin (DOGE) rival could be headed for a breakout soon. The pseudonymous analyst known as Altcoin Sherpa tells his 224,000 followers on the social media platform X that if the Solana (SOL)-based memecoin dogwifhat (WIF) manages to break above the $2.845 range, it could surge toward $3.50.
The market is trading sideways as the rates of some coins remain in the green zone, while others have started going down, according to CoinMarketCap.
Popular meme cryptocurrency Dogecoin (DOGE) is experiencing a new stress test in its growth trajectory. The meme coin's ability to attain new price levels depends on whether it can pass current resistance levels.
Three private banks in Taiwan have expressed interest in offering crypto custodial services, with the initiative expected to begin in the first quarter of 2025.
Considering the trajectory of the token's price, the 435 trillion Shiba Inu cluster has substantial potential. Based on the on-chain data the most active addresses hold SHIB between $0.000016 and $0.000017 and the cluster forms around this narrow range.
Billy Markus, who is known on social media as Shibetoshi Nakamoto (a playful reference to Satoshi Nakamoto) and who built Dogecoin in collaboration with Jackson Palmer in 2013 based on the Bitcoin code, has named the person (and his friends) who he believes was most likely the Satoshi Nakamoto, who created Bitcoin.
Bitcoin (BTC) remained muted, registering a marginal decline over the past 24 hours. It continues to hover just under the $62,500 mark.
After an unexpected price drawdown in the past 24 hours, Shiba Inu (SHIB) is finally getting back to the game. The meme coin project is gradually seeing an uptick in growth metrics, including the burn rate.
Amid the broader market consolidation, the SHIB Price is once again picking up pack gaining over 3% as the Shiba Inu burn rate soared by 450% in the last 24 hours. As a result, more than 2.9 million SHIB coins have moved out of circulation thereby putting an upward price pressure.
The Shiba Inu teams marketing expert, Lucie, has urged the SHIB community to avoid gambling on risky new meme coins, citing an imminent supercycle and the rising dangers of sudden rug pulls. Instead, she emphasized the importance of supporting projects with real-world value.
Shiba Inu (SHIB) is experiencing renewed interest due to ETF speculation and long-term growth projections, but its future price movement remains uncertain and subject to market dynamics.
Shiba Inu (SHIB) was announced by a prominent crypto personality as the most donated meme coin as these type of coins continue to grow in importance for charitable causes. This kind of recognition shows how these digital assets can benefit communities and gain business traction.
Billy Markus, who created a Bitcoin parody called Dogecoin together with Jackson Palmer in 2013, has commented on the likely effect of the "Money Electric: The Bitcoin Mystery" documentary that was released by HBO earlier today.
SHIB is one of the best-performing cryptocurrencies today (October 9).
Shiba Inu price has been performing well recently, gaining 33.5% in the last 30 days. SHIB broke out of a bullish reversal pattern, and the market anticipates that it will rise even higher as speculation of a Shiba Inu ETF floods the crypto space.
A new Dogecoin price prediction has put it on another bullish path and this time, forecasting that the meme coin is destined for new all-time highs. In particular, crypto analyst @Kev_Capital_TA on X made a notable forecast regarding the meme coin that could see it finally cross the $1 market.
Shytoshi Kusama, the mysterious lead developer and co-founder of the Shiba Inu (CRYPTO: SHIB) ecosystem, shared a cryptic post, sparking intrigue and speculation in the cryptocurrency community.
Recently there was a significant surge in the price of Bitcoin bringing it very near to $65,000. Many participants on the market were taken aback by the sudden and swift action.
Dogecoin holders accumulate 2.07 billion tokens, signaling increasing demand and interest with the memecoin.
ETFSwap (ETFS) is quickly emerging as the cryptocurrency to watch, with experts predicting that it will outclass popular tokens like Shiba Inu (SHIB), Dogecoin (DOGE), and PEPE combined.
The price of Shiba Inu might be currently declining, but an analyst says the meme coin is gearing up for a bullish run as it is currently flashing a buy signal. According to Cantonese Cat, SHIB is now flashing a strong buy signal based on the L3 Banker Fund Flow Trend Oscillator, a relatively lesser-known indicator.
Memecoins are up today and have strongly outperformed the entire crypto market over the last month.
Cryptocurrency markets are trading lower as China's stimulus measures came in lower than expected. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $62,017.71 -1.7% Ethereum (CRYPTO: ETH) $2,429.76 -0.09% Solana (CRYPTO: SOL) $142.62 -2.4% Dogecoin (CRYPTO: DOGE) $0.1066 -3% Shiba Inu (CRYPTO: SHIB) $0.00001712 -3.7% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 81.4% and daily active addresses growing by 15.2%.
Kraken, one of the leading cryptocurrency exchanges, has listed the cat in a dogs world (MEW) meme coin, according to a Thursday announcement.
The cryptocurrency market continues displaying a volatile price action by displaying price movements within a short period. Moreover, with Bitcoin failing to hold its price above the $63k mark, the memecoin category has also taken a dip. Top tokens such as Doegcoin (DOGE) continue hovering close to their important support/resistance levels, indicating a mixed-price action.
Two weeks ago, Dogecoin (DOGE) price was $0.13, driving speculation that the meme coins could be circling back to its yearly high. But in the last seven days, Dogecoin's ambitions of hitting that value have been waning as its price decreased by 8.86%.
Here's what signals a possible DOGE resurgence in the short term.
The Pepe price has declined by 6% in the past 24 hours, sliding to $0.000009616 as the crypto market as a whole loses 1.5% today.
Dogecoin and Shiba Inu prices have crashed again following their recent upward trend, which led to significant price gains. These price crashes are primarily due to the current macro environment and market uncertainty, which don't favor risk assets like these meme coins.
It seems that holders of large positions in the most popular meme cryptocurrency, Dogecoin, are running out of patience, and there are a number of confirmations of this, especially behind the scenes at DOGE.
Shiba Inu's social media marketing expert, Lucie, has addressed the SHIB community with a message, in which she warned them against “gambling” on new crypto tokens at this particular time.
Shiba Inu is back in the meme coin spotlight with a series of surges. But a price correction seems to be on the way. That turns attention to Shiba Shootout, a hot play-to-earn game centered around a crypto wild west.
Data provided by the Shibburn platform, which tracks transactions targeted at reducing the circulating supply of Shiba Inu, shows a gigantic plunge in the SHIB burn rate that has been observed since yesterday morning.