From the perspective of time cycle, Musk calls for a new golden dog every 1-2 years in the cryptocurrency circle. He really likes the dog series.
At the beginning of 2024, the first wave of people directly shouted "I Love Puppies" on Twitter. Musk shouted "I Love Puppies" with a picture at 3:52 pm on February 11, 2024. You can go to Twitter to check the time!
According to observations from on-chain data provider Santiment
Shiba Inu joins Dogecoin, Bonk, Floki, and Pepe in the ongoing memecoin rally. These social dominance swings have been crucial in predicting this week’s peak moments, suggesting memecoin values could surge. Dogecoin (DOGE) continues to rally, gaining 18% to break above the $0.15 mark. Similarly, Solana-based Dogwifhat (WIF) surged 35% in the past 24 hours, extending weekly gains to 311%.
Market sentiment
The cryptocurrency market is riding on the wave of memecoin gains, with a strong undercurrent showing bullish sentiment. The surge in Shiba Inu and the rise of other memecoins such as Dogecoin and Dogwifhat highlight the growing influence of meme currencies in the crypto space. Meanwhile, Shiba Inu price climbed to $0.00002 but faced resistance at $0.000014!
With the RSI rising, signaling more gains to come, as it reaches overbought levels, triggering a buying frenzy, the MACD signal shows continued momentum, showing optimism alongside recent buy signals. However, despite the recent 63% drop, the rollercoaster burn rate, which soars one day and disappears the next, adds uncertainty to the market!
As the week progresses, all eyes are on the memecoin market, anticipating further price surges and potential peak moments.
Summary: Xiaoyun believes that puppies may soon become the fourth dog currency to skyrocket after pepe, doge, and shib. You can pay attention to it and enter the market in ambush! #热门话题 $PEPE $DOGE $SHIB $puppie
