Shiba Inu (SHIB) has gained 8% over the past week, attempting to recover from a 25% monthly decline. With a $9.5 billion market cap, SHIB aims to reclaim the $10 billion mark, solidifying its position as the second-largest meme coin after Dogecoin (DOGE).
The Dogecoin price is retesting the 200-Exponential Moving Average (EMA). At the same time, buyers attempt to push through resistance levels and fill the Chicago Mercantile Exchange (CME) gap.
In his latest technical breakdown posted on X, analyst Kevin (@Kev_Capital_TA) highlighted a pivotal threshold on Dogecoin's daily chart. According to Kevin, reclaiming the $0.28 region on a weekly close—and then showing clear follow-through—could set Dogecoin on a path toward retesting its all-time highs.
The SEC's review of Grayscale's ETF applications could signal a shift towards greater acceptance of crypto investment products in the US. The post SEC formally accepts Grayscale XRP and Dogecoin ETF applications for review appeared first on Crypto Briefing.
Shiba Inu's daily chart has confirmed a death cross. When the 50-day moving average crosses below the 200-day moving average, it creates this technical pattern that signals investors about the continuation of the downtrend.
Meme coins are surging once again, with Shiba Inu leading the rally, but a smart investor's insights reveal a hidden opportunity beyond Shiba Inu. While Shiba Inu's gains attract traders, true crypto millionaire potential lies elsewhere that holders can't reach.
The US Securities and Exchange Commission (SEC) has officially recognized Grayscale's proposal for a Dogecoin (DOGE) exchange-traded fund (ETF). This development comes as part of the SEC's standard process for reviewing ETF proposals. The regulatory body posted a 19b-4 form on Thursday, which acknowledges the filing by NYSE Arca on behalf of Grayscale.
Shiba Inu's large transaction volume currently paints a bearish picture for the second-largest meme coin by market cap, have recorded a significant crash. This has raised concerns that the whales may be losing confidence in the meme coin's potential, a development that could impact SHIB's future trajectory significantly.
The U.S. SEC has acknowledged Grayscale's proposals for an XRP and Dogecoin exchange-traded fund and is asking for public comments.
The US Securities and Exchange Commission (SEC) has acknowledged Grayscale's 19b-4 filing for its Dogecoin and XRP ETF. This paves the way for a potential approval of this fund, a development that provides a bullish outlook for the Dogecoin and XRP prices.
Shiba Inu (SHIB) price is up 8% in the last seven days as it attempts to recover from a 25% decline over the past month. Currently sitting at a $9.5 billion market cap, SHIB is working its way back toward the $10 billion mark, solidifying its position as the second-largest meme coin, only behind Dogecoin (DOGE).
Cryptocurrency markets are trading lower on Thursday, continuing to trade in a tight range. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $95,842.60 -1.3% Ethereum (CRYPTO: ETH) $2,648.21 -1% Solana (CRYPTO: SOL) $193.46 +0.07% XRP (CRYPTO: XRP) $2.46 +0.8% Dogecoin (CRYPTO: DOGE) $0.2571 -1.5% Shiba Inu (CRYPTO: SHIB) $0.00001617 -3.4% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 4.9% and daily active addresses higher by 8.5%.
A successful retest above $0.000017 could propel Shiba Inu by 18% and take it toward the $0.000020 level.
Shiba Inu's Layer-2 scaling solution, Shibarium, is quickly approaching a significant milestone—reaching one billion transactions. This achievement highlights the continued growth of Shiba Inu's ecosystem and could have important implications for SHIB's price, potentially affecting both its adoption and demand.
Dogecoin price is stuck in a bear market after crashing by over 47% from its highest level in December. Dogecoin (DOGE) token was trading at $0.255 on Thursday as the recovery after last week's crash eased.
As crypto faces declines, WallitIQ turns green, with predictions of a massive surge, attracting early investors. #partnercontent
The Elon Musk-led Department of Government Efficiency (DOGE) seems to have struck a few “fear” nerves in Washington, D.C., as the crackdown on wasteful government expenditures continues.
According to the figures shared by the prominent blockchain tracker Shibburn, since last morning, one of the key metrics of the meme cryptocurrency SHIB has demonstrated a massive decline.
Shiba Inu (SHIB) has gained 2% in the past 24 hours, with technical indicators flashing a strong buy signal that could fuel further upside in the near term.Over the past week, SHIB has also posted a 2.6% gain, showing resilience despite broader market volatility. However, like most meme coins, SHIB remains down 23.4% year-to-date.
The recently released Consumer Price Index (CPI) summary shows that inflation has risen marginally, which led Bitcoin to move up in value by single digits. Altcoins, however, experienced more of an impact as BNB price pumped by more than 13% in the last 24 hours.
Dogecoin (DOGE) traders are making moves on the market, with open interest reaching $2.37 billion.
The price action of the Shiba Inu (SHIB) coin in recent days has been far from inspiring, or even reasonable. After a series of ups and downs, the price of the popular meme cryptocurrency is back where it was at the beginning of the week - at $0.0000162 per SHIB.
Shiba Inu (SHIB) Price has risen to $0.000016 as it achieved a minor price increase. Multiple market participants remain focused on meme coins including SHIB which has prompted them to evaluate the possibility of SHIB performing a substantial market uptrend.
The crypto community is abuzz with excitement as the Dogecoin price is poised for a significant breakout. Analysts point out a possible Dogecoin ETF approval as the catalyst for the memecoin's potential uptrend.
Dogecoin (CRYPTO: DOGE) has notably outpaced Shiba Inu (CRYPTO: SHIB) over the past 12 months, kickstarting a debate on social media over what drives this performance. The apex meme coin has surged 218% over the past year, outpacing Shiba Inu's 73% gains.
Cardano is at the center of fresh speculation after reports emerged that Elon Musk—now heading the newly formed Department of Government Efficiency (DOGE)—is exploring blockchain technology to streamline federal operations.
For a good reason, crypto enthusiasts love meme currencies. With their rapid rallies, Pepe Coin (PEPE) and Shiba Inu (SHIB) have made news turning little investments into life-changing rewards. Though many tokens flourish on buzz and community support, they lack the foundations for sustained development.
A breakout could be on the horizon with a market rebound, making this dip a prime opportunity.
DOGE has made mistakes in its attempts to change how the government spends money. Elon Musk has acknowledged this.
Elon Musk's DOGE has launched a website to provide updates on federal spending cuts, potentially contributing to a drop in US inflation.
Dog-themed cryptocurrency Shiba Inu (SHIB) has reclaimed a higher spot in the crypto rankings, surpassing Toncoin (TON) in market capitalization as its price shows early signs of a potential rebound.
As on-chain data shows a sharp drop in whale transactions, Shiba Inu is still having difficulties. Nearing zero activity, the number of large SHIB transfers has fallen by 93%.
Dogecoin has broken out of a key technical structure near $0.26, supported by stable network metrics and whale activity, while trading at $0.2536 with multiple resistance targets ahead at $0.286, $0.311, and $0.335.
Shibarium, the Shiba Inu-owned layer-2 scaling solution on Ethereum, is on the verge of breaking a major transaction milestone. The protocol is just days from breaching the one billion transaction milestone, an outlook that marks a good omen for SHIB's price.
VA Secretary Doug Collins discusses the Democratic Party's reaction to DOGE's overhaul of the federal government on 'The Evening Edit.'
Dogecoin (DOGE), a major meme-based coin, remains under pressure, struggling to reclaim lost ground after weeks of consolidation. The broader crypto market has shown signs of recovery, with Bitcoin surging past $97k and Dogecoin price rallying over 5% on Thursday.
Elon Musk's Department of Government Efficiency (DOGE) marked a monumental stride on Thursday, primarily with the launch of its official website. The advisory panel under Trump's presidency remains poised to offer updates on governmental spending cuts with this endeavor, further streamlining federal operations.
Dogecoin (DOGE) has been facing considerable market uncertainty recently, with its price stagnating around the $0.25 mark. The broader cryptocurrency market is experiencing volatility, and Dogecoin has not been immune to these shifts.
Dogecoin's price action signals showed signs of recovery that were backed by its stabilizing on-chain activity.
Technical analysis shows that Dogecoin is looking to break out from a key structure zone near $0.26, which could cause a change in market momentum. This technical outlook comes amidst a bearish week for DOGE, which has seen it breaking below support levels and erasing its gains throughout January.
Recent analysis reveals that the Shiba Inu price has formed a Falling Wedge pattern and is on the verge of breaking above it. Technical indicators suggest that SHIB could embark on a massive rally once this breakout occurs, as analysis predicts a price surge of over 250% in the coming months.
Solana meme coins bearing Elon Musk's X account name plummeted on Wednesday after the tech CEO ditched his new moniker, “Harry Bōlz.”
Dogecoin currently boasts a bearish outlook, having dropped below the $0.30 psychological level and is now at risk of losing the $0.20 level. This bearish outlook is further strengthened by a drop in DOGE's social sentiment, mirroring Ethereum, which has also suffered significant price crashes.
Shiba Inu has been stuck in a persistent downtrend, with recovery attempts consistently failing. The meme coin has struggled to break through key resistance levels, and investor sentiment remains lackluster due to ongoing losses.
Staffers from Elon Musk's secretive government slashing effort, the Department of Government Efficiency, have pushed the highest officials at the Department of Education out of their own offices, rearranged the furniture and set up white noise machines to muffle their voices, employees at the agency said.
Crypto markets are stabilizing and trending upward after an initial drop following the higher-than-expected COnsumer Price Inflation report. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,166.74 +2.2% Ethereum (CRYPTO: ETH) $2,679.72 +3.4% Solana (CRYPTO: SOL) $193.42 -1% XRP (CRYPTO: XRP) $2.44 +2.7% Dogecoin (CRYPTO: DOGE) $0.2612 +4.6% Shiba Inu (CRYPTO: SHIB) $0.00001680 +8.4% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 3.2% and daily active addresses grew by 2.6%.
Shiba Inu (SHIB) price appears poised for a rebound after consolidation and market decline. The memecoin has shown signs of recovery, gaining momentum alongside the broader cryptocurrency market.
Despite the optimistic factors, SHIB continues to underperform.