Crypto analyst MadWhale has predicted that the Shiba Inu price could suffer a significant crash soon enough. Based on the analysis, this price correction is simply a healthy retracement that could pave the way for SHIB to reach new highs.
Targets beyond $6 are likely, but a WIF drop below $3.9 would be an early warning sign for traders of a deeper pullback.
Meme coins are back in a big way. Dogecoin (DOGE) and Pepe Coin (PEPE) have surged nearly 100% in the past week, fueled by renewed interest in the broader crypto market.
Dogwifhat's (CRYPTO: WIF) 70% rally over the past seven days landed the popular meme coin a Coinbase listing, prompting traders to call for a Shiba Inu (CRYPTO: SHIB) like rally. What Happened: Following its Coinbase listing, one whale invested 12,400 Solana (CRYPTO: SOL) (worth $2.7 million) into WIF and Bonk (CRYPTO: BONK), purchasing 406,000 WIF at $3.87 each with 7,200 SOL.
WIF's market capitalization surpassed $4 billion, making it the 31st-largest cryptocurrency.
A new contender is making waves in the cryptocurrency arena, with experts speculating on its potential to outperform established names. Dogen, an emerging digital coin, is attracting attention amid predictions it could reach the $1 milestone before Dogecoin and Shiba Inu.
Brett (CRYPTO: BRETT), the meme coin dubbed ‘Pepe's best friend,' is rallying, with traders speculating a Coinbase listing might be in the making. What Happened: Brett is competing with several medium-sized meme coins, which have all seen strong rallies in light of Bitcoin breaking new all-time highs.
Dogecoin (DOGE) and Shiba Inu (SHIB) attract investors with their recent rising velocity, and the world of meme coins is once more heating up. Thanks to energetic markets and strong communities, both of these top-10 coins are pushing the limits.
BONK, WIF, and POPCAT are poised to surge higher as cryptocurrencies gain attention following the US presidential election.
A massive 3,679% burn rate spike propels SHIB's price upward, stirring market interest.
Shiba Inu (SHIB) is currently exhibiting a technical pattern that could signal significant price movement in the near future. According to the widely-used Elliott Wave Theory, SHIB appears to be following a typical five-wave structure that could set the stage for an explosive rally in the coming weeks.
Pepe (CRYPTO: PEPE) is continuing its rally on Thursday, up 58% over the past 24 hours amid new exchange listings. What Happened: Lookonchain data shows that whales are accumulating the meme coin, including one who withdrew 197.39 billion PEPE (worth $4.8 million) from Binance after the Coinbase and Robinhood listing.
Major U.S. exchange Coinbase announced its intention to list both PEPE and Dogwifhat (WIF), in a surprise listing policy U-turn that sent meme token trading into a frenzy.
The market cap of meme cryptocurrency Pepe (PEPE) recently surpassed the $10 billion milestone.
As Bitcoin (BTC) price rallied above $93k for the first time since its inception, it is now more than clear that the crypto bulls are in action.
Cryptocurrency prices today continue to spark significant discussions among market traders and investors globally. While Bitcoin (BTC) price hit a new ATH over the past day, top altcoins mainly illustrated gaining trajectories.
Shiba Inu (SHIB) sees its burn rate plummet by 94% in 24 hours amid price consolidation after a massive rally. Despite this, the meme coins adoption soars as Shibarium surpasses 500 million transactions, signaling strong user engagement and potential for a stunning comeback.
Given that its price recently hit the $0.00003 mark, Shiba Inu has been showing encouraging growth potential. As the market expects more gains, this increase demonstrates the SHIB community's renewed interest and momentum.
Dogwifhat (WIF), a popular Solana-based meme coin, is making waves in the cryptocurrency realm with its impressive performance amid bullish market sentiment. However, WIF's rally today surprised everyone, as the price rallied by over 67% in the past 24 hours.
Shiba Inu (SHIB) has had a significant surge this week, with its price increasing by over 60% in the last seven days. This increase is indicative of a broader trend in the cryptocurrency market, where significant coins such as Dogecoin are also reaping the rewards of overall market optimism.
Crypto exchange Coinbase has announced it will list dogwifhat on the Solana network (SPL token). Coinbase chief legal officer Paul Grewal confirmed the meme coin's listing adding that the exchange had added the Dogwifhat meme coin to its listing roadmap.
Bonk (BONK) has surged to its highest price since July, following its listing on Binance.US, raising speculation about its potential to outshine established meme coins like Shiba Inu and Floki amid increasing demand and market optimism. The post Bonk Hits Its Highest Since July – Could It Soon Outshine Shiba Inu and Floki? appeared first on Cryptonews.
Cryptocurrency markets are trading higher as meme coins Pepe and Dogwifhat were listed for trading on Coinbase (NASDAQ:COIN). Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $90,040.52 +1% Ethereum (CRYPTO: ETH) $3,166.17 -3.5% Solana (CRYPTO: SOL) $210.16 -1.3 Dogecoin (CRYPTO: DOGE) $0.3836 -0.5% Shiba Inu (CRYPTO: SHIB) $0.00002485 -6% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 18.7% and daily active addresses growing by 7.8%.
Coinbase updated its asset listing roadmap to include WIF, which jumped about 21% around the time of the announcement.
Dogwifhat has surged more than 37% in the past 24 hours, with the meme coin's price rising sharply after token listing news from crypto exchange Coinbase. Coinbase announced on Nov.
Earlier today, dogwifhat (WIF) experienced a decline below $3 amid a broader market downturn that affected many cryptocurrencies. However, the WIF coin price quickly rebounded and is currently trading at $3.16.
The ongoing crypto buying spree is showing no signs of slowing down. Dogecoin (DOGE) and Shiba Inu (SHIB) have continued their impressive rallies, gaining 82% and 65%, respectively, in the past week. This momentum has spilled to PropiChain (PCHAIN), a real-world asset (RWA) that secured a CoinMarketCap listing.
Dogwifhat (WIF) price, a digital asset on the Solana blockchain, has recently seen a sharp surge, capturing the attention of both investors and market analysts. Over the past 24 hours, WIF has posted impressive gains, signaling a potential upward trend that has sparked widespread speculation.
TL;DR Peanut the Squirrel (PNUT) and FRED, two animal-inspired memecoins, have seen spectacular increases, reaching valuations of $1.73 billion and $169 million. Pepe (PEPE) has recorded a 120% growth in the last week, driven by its inclusion in major exchanges like Robinhood and Coinbase.
Solana-based meme coin BONK has surged by 12% in the past 24 hours. It has outperformed top meme coins like Pepe (PEPE) and Shiba Inu (SHIB), whose values have dropped 3% and 7%, respectively, during the same period.
Bitcoin is showing no signs of stopping its advance toward $100,000, and several altcoins look poised to follow.
Unknown whales recently burned billions of SHIB, increasing its burning rate by a whopping 1,837% in one day. As information regarding the monumental token burn spread, SHIB surged by a significant 43% to $0.00002753, a value that had not been witnessed for months.
Leading meme coin Shiba Inu (SHIB) has seen an 18% price drop in the past 24 hours. This mirrors the broader cryptocurrency market's downturn, with global market capitalization falling by 5% over the same period.
Shiba Inu climbed 9% to $0.00001908 over the week. SHIB's technical chart has shown recent strength, giving investors confidence that the project can continue rising.
Shiba Inu layer 2 Shibarium has just received a crucial update. Shiba Inu team member Lucie shared on X the details of this latest Shibarium update, announcing that the Shibarium Token Asset Repository is now live.
The recent strong Shiba Inu price rally took a breather, falling for two consecutive days, as traders took profits. At press time, SHIB was trading at $0.0000245, down by 20% from its highest level this week.
The market for cryptocurrencies has skyrocketed since Donald Trump recently won the US presidential contest. Expecting great returns, investors are rushing to seize profitable prospects in the digital asset sector with this surge.
Shiba Inu (SHIB) is consolidating after a massive rally that saw its price jump as high as $0.0000303, its highest price level since April. Shiba Inu has also drastically fallen in its burn rate metric and sliding prices.
Investors who witnessed remarkable returns from Shiba Inu and Dogecoin are now focusing on a new entrant in the crypto arena. Rumors are swirling about a potential token that could deliver exceptional growth, sparking curiosity among crypto enthusiasts.
As the crypto market is captivated by meme coins, a new contender emerges with potential for remarkable returns. Tokens like PEPE and WIF have seen impressive gains, but this fresh arrival aims to surpass them.
With Bitcoin price recording a drop of ~1% in the past 24 hours, the crypto market has recorded a mixed price sentiment. Moreover, some tokens have recorded a double-digit drop within hours. This highlights increased price volatility in the crypto space.
The market might need time to gain energy for a further move, according to CoinStats.
Bitcoin (BTC) hit $90,000 for a brief, fleeting moment before dropping back to mid-$ $89,000. The crypto markets have declined over the past 24 hours as the ongoing bull run took a breather, with most major cryptocurrencies in the red over the past 24 hours.
It appears that Shiba Inu is following a traditional Elliott Wave pattern, which may indicate a well-organized plan for its future actions. According to the widely used technical analysis tool Elliott Wave Theory, markets frequently exhibit a five-wave pattern during significant trends.
Dogecoin's (DOGE) market cap has overtaken XRP and USDC. It is now above both coins in the market.
The long-awaited golden cross on the price chart of Shiba Inu (SHIB) finally formed two days ago. However, the price of the popular meme-inspired cryptocurrency took a completely unexpected turn when, with the formation of this pattern, it plunged more than 16% over the next two days, going from a high of $0.00003 to $0.000023, where it found a local bottom and buyers' reaction.
"Half a billion and counting - keep it going," LUCIE stated.