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INVEST $500 IN THESE TOP 5 #MEME_COINS AND GET READY TO BE A MILLIONAIRE BY DECEMBER 2024!
Ready to ride the wave of meme coins and turn your $500 into a fortune by December 2024? These five meme coins have taken the crypto world by storm, fueled by viral trends, passionate communities, and major endorsements. However, with high rewards come high risks, so let’s dive deep into what makes each coin special—and what could make you a millionaire.
1. Dogecoin (DOGE): The OG Meme Coin
History:
Born in December 2013 as a joke, Dogecoin was inspired by the hilarious "Doge" meme featuring a Shiba Inu dog. Created by Billy Markus and Jackson Palmer, it was never meant to be serious. But over time, Dogecoin became a cryptocurrency icon, amplified by none other than Elon Musk’s tweets.
Why it's Popular:
Community Power: Dogecoin has one of the most devoted and fun-loving communities, often raising funds for charitable causes.
Elon Musk Effect: Musk’s support has sparked numerous price surges, proving the coin's wild potential.
Low Fees & Fast Transactions: Dogecoin’s lightning-fast transactions and low fees make it a go-to for users looking for a quick, cost-effective alternative to Bitcoin.
Risks:
Inflationary Supply: No cap on Dogecoin’s total supply means the value could decrease as more coins are mined.
Speculative Nature: Dogecoin’s value largely depends on hype and social media trends, making it volatile.
Market Sentiment: Dogecoin can experience massive price swings, often driven by tweets and trends.
2. Shiba Inu (SHIB): The "Dogecoin Killer"
History:
Shiba Inu was created in August 2020 by the anonymous group "Ryoshi" with one goal in mind—topple Dogecoin. By mirroring Dogecoin’s success and leveraging a massive supply of tokens, SHIB quickly caught the attention of crypto enthusiasts.
Why it's Popular:
Huge Supply & Affordability: With a total supply of 1 quadrillion tokens, Shiba Inu is priced affordably for newcomers, making it a favorite among retail investors.
Ecosystem Growth: Beyond being a meme, SHIB’s ecosystem includes ShibaSwap for staking, Shibarium for scaling, and even a developing Metaverse.
Burning Mechanisms: SHIB’s burn strategies aim to decrease supply over time, potentially boosting scarcity and price.
Risks:
Speculative Demand: The value of SHIB is driven mostly by hype, with little backing from real-world applications.
Oversupply: Even with burning mechanisms, the sheer number of tokens makes it hard for SHIB to hit the moon without massive demand.
Community Dependent: Shiba Inu’s price can rise or fall based on how active its community is on social media.
3. Floki Inu (FLOKI): The Elon Musk Inspired Coin
History:
Floki Inu, launched in 2021, was inspired by Elon Musk’s pet dog, Floki. By riding on Musk’s coattails, Floki Inu became an instant hit within the meme coin community. But unlike other meme coins, Floki has bigger dreams.
Why it's Popular:
Elon Musk Link: The connection to Musk gives Floki Inu an initial boost in visibility.
Community-Centered: Floki Inu has a loyal community pushing for adoption and utility beyond mere speculation.
Real-World Projects: Floki is developing educational content, NFT marketplaces, and more—transforming from a meme to a more serious project.
Risks:
Heavy Competition: Floki Inu faces fierce competition from other meme coins like Dogecoin and Shiba Inu, making it tough to carve out a niche.
Lack of Proven Utility: The project is still in its early stages and lacks real-world adoption, making it a risky bet.
Volatility: As with all meme coins, Floki is extremely sensitive to market sentiment and social media trends.
4. SafeMoon (SAFEMOON): A Deflationary Model with a Twist
History:
Launched in March 2021, SafeMoon shook things up with its unique tokenomics. With a 10% penalty on sales (half of which is redistributed to holders and the other half burned), SafeMoon incentivizes long-term holding while discouraging selling.
Why it's Popular:
Innovative Tokenomics: SafeMoon’s model rewards holders while punishing sellers, potentially increasing the value over time.
Strong Community: SafeMoon boasts a vibrant community that supports the project through memes, social media campaigns, and promotions.
Expansion Plans: The SafeMoon team has big ambitions, including developing their own exchange, wallet, and blockchain.
Risks:
Sustainability Concerns: Critics worry that SafeMoon’s model may not be sustainable, especially if the influx of new buyers slows.
Regulatory Scrutiny: SafeMoon has drawn attention from regulators in multiple countries, which could hinder its growth.
Pump and Dump Risks: Like many meme coins, SafeMoon has been subject to manipulation, making it a high-risk investment.
5. PepeCoin (PEPE): The Meme Coin with Cultural Clout
History:
Launched in 2023, PepeCoin capitalizes on the internet’s favorite meme, "Pepe the Frog." With widespread recognition, it was an obvious choice for meme coin status.
Why it's Popular:
Iconic Meme: Pepe the Frog is one of the most well-known internet memes, giving PepeCoin a cultural edge.
Community Driven: The coin’s success largely relies on its active and engaged community, which helps promote and elevate the coin.
Cultural Relevance: As long as Pepe remains an iconic meme, the coin could maintain some level of relevance.
Risks:
Lack of Utility: PepeCoin lacks real-world utility, and its value is entirely driven by meme culture.
Niche Market: While the Pepe meme has a loyal following, it may not reach mainstream adoption, limiting long-term potential.
Market Sentiment: Like all meme coins, the value of PepeCoin is highly volatile and driven by social media trends.
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Conclusion: The Risks vs. The Rewards
The Potential for Gains:
Investing in meme coins could yield explosive returns if one of these projects gains massive traction. Quick 100x or more returns have been seen with these coins in the past, but don’t expect consistent growth. Meme coins thrive on social media momentum and viral trends, making them speculative but highly rewarding.
The Risks:
Meme coins are speculative and volatile. Their value is driven by sentiment and hype, often with little to no real-world use case behind them. Prices can plummet just as quickly as they rise, and many meme coins have been subject to "pump-and-dump" schemes.
Diversification Is Key:
If you're planning to invest your $500 in meme coins, consider spreading your investment across multiple coins to manage risk. Also, balancing your portfolio with stable assets like Bitcoin or Ethereum can help mitigate potential losses.
Ready to Take the Leap?
Meme coins can be a thrilling ride, but remember, you’re in the wild world of crypto, where anything can happen! Only invest what you’re willing to lose, and always do thorough research before diving in.
$DOGE

$SHIB

$FLOKI

$SAFEMOON $PEPE
Join the meme coin revolution today on Binance!
#doge #shiba #floki #safemoon #pepe
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Мечи
$DOGE Is DOGEUSDT About to Crash?
🐶💰 DOGE (Dogecoin), one of the original meme coins, saw a big dip of 6.85%. Known for its close connection to market trends and social media vibes, correction is must when btc down trend all alt coin move bearish .today Doge test 0.20 $ .ready for that keep eye on the market to take a position .Dogecoin is still a fan favorite thanks to its strong community and backing from big names. 📉

Even though it’s in the red today, DOGE maintains its spot as a major player in crypto due to its easy access and iconic brand. 🚀
$DOGE $BTC


#MemecoinWars #USInflationAboveTarget #MidNovemberMarket

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Will Neiro ($NEIRO ), which has fallen by nearly 10 percent in the last 24 Hours, be able to make a potential rise?
Will Neiro ($NEIRO ), which has fallen by nearly 10 percent in the last 24 Hours, be able to make a potential rise?
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😱🔥Is it time for a price increase for NEIRO?🚀🚀
Will Neiro ($NEIRO ), which has fallen by nearly 10 percent in the last 24 Hours, be able to make a potential rise?
In the super memecoin narrative launched by Dogecoin (DOGE), all eyes turned to #NEIRO . The owner of Kabosu, the mascot of Dogecoin, was a new Shiba Inu breed dog owner. The name of the dog in question was Neiro.
NEIRO, which was launched on the Ethereum blockchain, attracted the attention of crypto investors. The memecoin, reflected as the new DOGE, managed to reach information in the $ 1 billion market in a short time.
NEIRO, which made a weak entry into the super memecoin issue, did not achieve the expected rise despite its average trading volume of $ 1 billion.
AMBCrypto reported in its published analysis that the selling pressure in NEIRO has ended. The price target given for NEIRO was jaw-dropping.
NEIRO chart analysis According to AMBCrypto's analysis, NEIRO's weekly chart has a growth potential of close to 50 percent. The popular memecoin could make a new ATH (all-time high) in the event of a possible uptrend.
The analysis included the following statements;
“While NEIRO is within a breakout, it is currently 15 percent below the ATH level it reached two days ago.”
NEIRO, which has been experiencing declines during selling pressure and profit taking, is expected to gain momentum. The analysis stated that the performance of buyers increased and the price held at 0.00022.
NEIRO’s Relative Strength Index (RSI) rose to 67th place in 24 hours. The data in question shows the dominance of buyers and a high buying desire.
The popular memecoin faced major selling pressure after it was listed on Binance. The pressure created by NEIROs entering exchanges hindered the price increase. It noted that AMBCrypto examined on-chain metrics;
“NEIRO’s exchange flow expansion decreased throughout the month. NEIRO, which transfers to exchanges, fell by 7.04 million to 1.23 billion NEIRO. The excitement of buyers met the stock market pressure, which decreased by 99.43 percent. “The 19.8 thousand increase in the NEIRO holding budget was also interpreted as a potential bearish signal. According to the analysis, NEIRO, a new memecoin, continues to be adopted day by day.
AMBCrypto, who predicted that the rise in NEIRO would continue, suggested that the test of the $ 0.0031 resistance could be done at an advanced level.
#NeiroCoin #MemecoinWars #PEPEATH #memecoins
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A lucky $PEPE investor turned $460 into a massive $3.4 million! They bought 324.9 billion PEPE tokens in April 2023 and recently cashed out entirely on Binance. This incredible gain coincides with a PEPE price surge and a broader crypto market rally fueled by ETF speculation. The investor, known for chasing memecoin trends, has profited before with PEPE and likely other memecoins. This story highlights the potential windfalls (and risks) of memecoin investments.

#ETHETFS #PEPE #memecoins #cryptoniteuae
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PEPE Coin is currently experiencing a surge in popularity. However, the vast number of PEPE Coins in circulation makes it challenging to balance supply and demand, preventing the price from reaching $1, a feat that is almost impossible under current circumstances. For a cryptocurrency to increase in value, a limited supply is crucial, which PEPE Coin lacks. Additionally, the intense competition in the cryptocurrency market means projects like PEPE Coin generally do not attract significant attention from large investors. These investors typically prefer stable and promising coins, while meme coins often fall outside this category.

Click Here To Go To Feed Post For FDUSD

The cryptocurrency market is also known for its high volatility. While meme coins can quickly gain popularity on social media, this trend is usually short-lived. For a cryptocurrency to sustain long-term value, it needs to have multiple use cases. In contrast, PEPE Coin relies heavily on speculation, hindering its ability to achieve a lasting increase in price.

Therefore, caution is advised when investing in PEPE Coin. Although it shows promise, it also carries significant risks.

*Disclaimer: This is not financial advice. Please conduct thorough research and stay informed.*

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#PEPE #pepepumping
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🔥💥Huge Increase in Shiba Inu Cremation Rate: Could SHIB Price Increase?

#SHIB Burning Speed Is Taking Off
The team behind the popular meme coin - #ShibaInu - continues to remove a significant amount of coins from circulation. The data shows that the burning rate has increased by almost 500% in the last 24 hours and by 193% on a weekly scale. This resulted in the destruction of more than 774 million SHIB assets.

The ultimate goal of the program is to reduce the enormous supply of the coin and make it less and potentially more valuable in the future. April March saw the burn rate increase by 50,000% at one point, while the amount of tokens removed from circulation during March exceeded 15.5 billion (a 2,300% increase compared to the figure observed in February).

Despite these efforts, the price of Shiba Inu has fallen by 8% in the last 24 hours and by 25% in a week (according to Coingecko's data). The downtrend coincides with a broader market decline, with Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE) and many other cryptocurrencies plunging of late.

The Role of Shibarium
Another important element that may positively affect the value of shib in the future is the development of Shibarium, a layer-2 scaling solution. The network has experienced a significant revival over the past few days, with the number of daily transactions and active accounts going north.

Officially introduced last summer, the feature is designed to stimulate the development of the meme token by reducing transaction costs, increasing speed and increasing scalability.
#Memecoins #binance
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BOOK OF MEME
BOME

Top Crypto Analyst Projects the Best Meme Coins to Break New Records in 2024

BOOK OF MEME (BOME): The Latest Meme Coin to Spike Significantly.

Meme coins have crushed the charts as of recently with a combined market capitalization of over $61 billion, positioning them as some of the most sought-after cryptocurrencies in the industry.

However, not all memecoins perform equally, as some dip in value while others can see significant price uptrends.

BOOK OF MEME (BOME): The Latest Meme Coin to Spike Significantly
BOOK OF MEME (BOME) is one of the latest meme coins on this list, and represents an initiative which was launched on top of the Solana blockchain. It aims to combine blockchain technology with internet culture, and the BOOK OF MEME crypto aims to enable the minting and trading of memes as NFTs as-well.

During the past month, the BOOK OF MEME price moved up 19,070.8%, and at this rate it is poised for far more significant growth. According to the BOOK OF MEME price prediction, it can end 2024 at $0.05.

#BOME🔥🔥🔥 #BOMEARMY #BOME/USDT @Bitcoin Farmer 2018
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🚀 Pepe Price Prediction until April 20, 2024! 📈

Join us on this exciting journey as we track the trajectory of the Pepe Token! 🐸 Here's what the crystal ball reveals:

📆 April 17, 2024 (Wednesday): $0.00000478
📆 April 18, 2024 (Thursday): $0.00000515
📆 April 19, 2024 (Friday): $0.00000438

As for April 20, 2024 (Saturday), the future is shrouded in mystery! 🌟 But fear not, for every twist and turn in the market is an adventure waiting to unfold. Keep your eyes peeled for updates! 🌌✨

Remember, the journey is just as important as the destination, so let's enjoy every step of the way together! 🚀🌈 #PEPE #CryptoForecast 🚀
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What's next for PEPE this month?

(note: the post contains data by CoinPedia)

The PEPE coin price displayed a neutral start to the year, however, as the hype for memecoins gained traction, the PEPE price recorded a jump of over 500% in valuation. Following this, the bulls lost momentum at the resistance of $0.000010. Since then, the price has been trading under a bearish influence.

The PEPE price continues to display a negative trend by recording a correction of approximately 8% within the past 24 hours. Moreover, the memecoin has lost 32.59% within the past seven days and 24.89% over the past 30 days, highlighting increased selling pressure in the crypto industry.

The Cross EMA 50-day shows a bearish curve, indicating a strong bearish influence for this altcoin in the market. Furthermore, the technical indicator, MACD, shows a constant red histogram with its averages displaying a steady decline in the chart.

If the market holds the PEPE token above the support level, the bulls will regain momentum and prepare to test its upper resistance level of $0.00000785. However, a bearish reversal may pull the price toward its low of $0.00000400.

#BullorBear #Megadrop #Memecoins #pepe #PEPE

$PEPE
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🛑🛑🛑BREAKING: PEPE Team Makes a Statement on Recent Events

According to the PEPE official Twitter account, some of the PEPE core team have sold approximately 16 trillion ($16 million) tokens unannounced.

In the statement made, it was stated that as a precaution, the number of signatory wallets required in the multisig wallet was reduced to 2/8 wallets, there was 10 trillion PEPE in the multisig wallet, there is now only one signature wallet, and this wallet is in safe hands.

According to the statement made by the remaining members of the team, the PEPE altcoin has had some malicious and greedy members in it since its inception. It has been said that these members, who have hindered the development of PEPE since the first weeks, are now cleared from the team.

Regarding the sale, the last remaining signatory team member announced that he was betrayed on the night of the incident, with three malicious team members selling 16 trillion PEPE from the multisig wallet. He also stated that they then tried to sever all ties with the token by deleting themselves from the multisig wallet.

The remaining team member stated that the sold tokens were never held for sale, the remaining tokens were in safe hands. It was also announced that the PEPE Twitter account is in the hands of the remaining member.
$PEPE
#pepe #Write2Earn‬ #Portal
Is Shiba Inu a Cryptocurrency That Could Give You $1 Million?
Is Shiba Inu a Cryptocurrency That Could Give You $1 Million?
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🔥💥Is Shiba Inu a Cryptocurrency That Could Give You $1 Million?

Shiba Inu is currently trading at $0.000009268 and has been mostly in the red on the charts for a month. #SHIB was launched in August 2020 at a modest price of $ 0.000000000951, and investors were able to accumulate trillions of tokens cheaply. SHIB has increased by 85,000,000% (85 million percent) from its inception to October 2021, enabling early investors to become millionaires. In the past, even a $ 650 investment brought the investor $ 1.7 million at the end of 2021.
The dog-themed token continued to be the star of the cryptocurrency market, generating huge profits in 2021 as well.

But the money-making machine was shaken when SHIB entered 2022 and fell into the fall trap. The token has only moved backwards since then with little or no price explosion. Shiba Inu also added an extra zero to the charts, and his hopes of earning $1 million or more came to naught.
Shiba Inu: Can SHIB Still Make You a Millionaire?

The only thing preventing the price of SHIB from rising sustainably is the huge supply of 549 trillion tokens. There is no end to the supply, and it causes the growth of Shiba Inu to stop at gigantic proportions. Even the Shibarium layer-2 solution, which is said to burn trillions of SHIB tokens, has not yet started the burning process.

Therefore, all paths to the $0.01 level are narrow, which causes SHIB to fail to reach its price target. Investors may need to hold out for years or even decades to get rid of the current price. If Shibarium does not burn trillions of tokens, the dream of becoming a millionaire from SHIB can be forgotten.

The cryptocurrency market is being affected by global macroeconomic factors and a bull run may not be expected. As a result, it is currently doubtful that Shiba Inu will provide you with a profit of $ 1 million or more, and SHIB does not attract buying pressure or new buyers.
#Shibainu #Write2Earn #binance
ARB will high ?
ARB will high ?
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Hong Kong (HKVAC) Delist XRP, Arbitrum (ARB) and Nine Altcoins, What Bad News?
Hong Kong Virtual Asset Rating Agency (HKVAC) listed some cryptos but delisted XRP, Arbitrum (ARB) and nine others.

Positive developments continue to occur in Hong Kong, which has taken important steps towards becoming a cryptocurrency center.

Chinese journalist Wu Blockchain stated in his post that Hong Kong Virtual Asset Rating Agency (HKVAC) announced the index adjustment results that will come into effect on January 19.

Hong Kong virtual asset rating agency HKVAC announced the index adjustment results, which will take effect on January 19. The global index adds ICP, NEAR, OP, INJ, and IMX, and removes TUSD, BUSD, HBAR, FIL, and MKR. SOL is added to the top 5 indices and XRP is removed. AVAX is…

— Wu Blockchain (@WuBlockchain) January 12, 2024

HKVAC said that changes were made to the indices and new altcoins were added, while some altcoins such as XRP were removed.

See Also: Hong Kong’s Proposed Stablecoin Regulations Poses Challenge To USDT, USDC

According to the index adjustment results, the HKVAC Global Major Cryptocurrency Index added some altcoins while delisting others.

It is stated that the added altcoins are Internet Computer (ICP), Near Protocol (NEAR), Optimisim (OP), Injective (INJ) and Immutable (IMX), while Filecoin (FIL), Maker Dao (MKR), TUSD, BUSD and HBAR are removed from the index list. It was stated that it was removed.

Likewise, the HKVAC Major Cryptocurrency Index added ICP, NEAR, OP, INJ, and IMX to the list, while removing MKR, Lido Dao (LDO), MNT, QNT, and Arbitrum (ARB).

See Also: Telcoin Restored User Balances After Exploit, Records 400% Increase In Deposits

While Solana (SOL) was added instead of XRP in the HKVAC Global Top 5 Indices, Tron (TRX) was removed from the Top 10 Indices and replaced with Avalanche (AVAX).

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

The post Hong Kong (HKVAC) Delist XRP, Arbitrum (ARB) and Nine Altcoins, What Bad News? appeared first on BitcoinWorld.
SHIBA WILL HIGH ?
SHIBA WILL HIGH ?
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🚀 Shiba Inu Price Could Surge to $0.00002 If It Breaks This Major Resistance 🐾💹

Exciting developments in the Shiba Inu (SHIB) space! As the crypto market experiences fluctuations, SHIB enthusiasts anticipate a potential surge to $0.00002. However, there's a significant hurdle on this journey, and breaking through it is crucial for Shiba Inu's upward trajectory.

1. Shiba Inu's Recent Performance: A Rollercoaster Ride!

Shiba Inu, following a 12% surge on the weekly charts, briefly eliminated a zero on January 11, reaching $0.00001. Unfortunately, recent market volatility, triggered by Bitcoin's fluctuations, led to a dip back to the $0.000009 territory.

2. Bullish Sentiment Persists Despite Challenges!

Despite the recent setback, Shiba Inu enthusiasts remain bullish, speculating a potential climb to $0.00002. The last time SHIB approached this level was in May 2022, and the community is eager for a resurgence.

3. The Road to $0.00002: Breaking Down the Resistance Barrier!

Breaking through the resistance is the key challenge for Shiba Inu. According to IntoTheBlock's data, a substantial barrier lies between the current price and the coveted $0.00002 mark. Over 87% of the circulating supply is held by 269,860 addresses, representing a massive hurdle.

📊 Data Insights: Overcoming Resistance for SHIB's Ascent
Circulating Supply: 514 trillion SHIB tokensResistance Level: $0.000019Addresses Holding: 269,860 (87.36% of circulating supply)

🛑 Challenges and Opportunities: Navigating the Path to $0.00002

As SHIB attempts to climb, the concentration of tokens at the $0.000019 level presents challenges. Investors in this category may face decisions to sell, potentially impacting the price. Overcoming this resistance is crucial for Shiba Inu's upward trajectory, as there is a lower concentration of SHIB beyond $0.000019.

🚨 Stay Tuned for SHIB's Exciting Journey: Follow The Defidraft for Real-time Updates! 🚀🌐

#ShibaPricePrediction #ShibaPriceAnalysys #ShibaPrediction #Cryptocurrency #crypto2024
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Pepe Price Prediction: Navigating Potential Surge to $0.0000019 Amid Market Optimism !!

#BTC #etf #ETH #xrp #BONK
Pepe price sees a notable increase, hinting at a potential surge to $0.0000019, as market conditions favor

Pepe price, reflecting the market’s growing enthusiasm for meme coins, has recently witnessed a significant upswing. In the last 24 hours, PEPE, the cryptocurrency inspired by the internet’s beloved frog character, has climbed by 23%. This increase is part of a larger trend seen across meme cryptocurrencies following the landmark approval of the first Bitcoin ETF in the United States.

Pepe coin, recently fluctuating within a narrow price band from $0.000001045 to $0.000001480, has witnessed a bullish trend. Over the past week, the value of PEPE has shown notable growth, with more than a 15% surge.

Despite a minor dip in its price last month, the recent performance of Pepe coin is drawing attention with its promising recovery and a bullish market outlook. Currently, Pepe price trades at $0.000001424, reflecting bullish pressure in the last 24 hours. The market would mark PEPE’s fourth consecutive day of gains if it maintains its positive momentum.
In the last 24 hours, Pepe has seen its trading volume skyrocket to $264,127,171, marking an 85.50% increase from the day before. This surge in volume indicates a significant rise in market interest. With a market capitalization of $474,662,781, Pepe currently holds the #112 rank on the CoinMarketCap.

This suggests that the coin could potentially reach prices of $0.0000016 or even $0.0000019. Such analysis is crucial for understanding Pepe’s market trajectory.

If PEPE continues its upward trajectory, maintaining momentum above the $0.0000015 resistance level is crucial. Achieving this could pave the way for PEPE to test the $0.0000018 mark and possibly breach the $0.0000019 resistance level in the near future. On the flip side, a bearish trend could see the coin test support levels at $0.0000013, with a potential fall to $0.000001.
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Shiba Inu (SHIB) Loses Momentum, But Revival Is Imminent, Here's How.

Shiba Inu (SHIB) is losing momentum in no small way as the broader crypto market gives up its gains in a rapid manner. The second-largest meme coin has dropped by 2.77% in the past 24 hours with price trading on spot exchanges at $0.000009823. With trading volume dropping by more than 17% to $196,265,702, the token has proven at the mercy of its bears in the short term.

The latest erratic bull-bear action has forced Shiba Inu to give up some of its gains, with the token losing another zero.

Over the past month, Shiba Inu has added and lost new figures, but it has ultimately failed to turn the $0.00001 price level into an actual support zone. The market sentiment surrounding Shiba Inu is very bearish, but a metric remains promising to show that an imminent uptrend cannot be ruled out in the long term.

On-chain data shows that despite the latest bouts of sell-offs, Shiba Inu is still in "Greed" on the Fear and Greed Index. This implies that Shiba Inu bulls still have the hidden desire to go all out on the token, and given the right conditions, they may resume accumulating the coin.

Shiba Inu metrics at tipping points.

While the drop in the price of Shiba Inu is a function of the sentiment in the wider market outlook, its key on-chain metrics are also at a tipping. The Shibarium transaction count has slumped to its lowest level in months, with only 1.33 million transactions recorded in the past 24 hours.

The burn rate is also down by 95%
overnight, with just a tiny 820,007 SHIB
burned thus far. These same metrics could
flip at any time in response to the
underlying market greed, and they may play a crucial role in returning SHIB to its
winning ways as they have always done.
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