Crypto market seems to have dipped into another recovery rally.
The charge this time is led by SHIB, FLOKI, WIF, BONK, and JASMY.
All projects had a bullish pre-bull cycle run and are ready to ride the golden bull run.
The crypto market seems to have flipped at the start of a new trading week. With the weekly close creating a neutral play and massive Bitcoin (BTC) whales moving in the market, major capital is flowing in and injecting into altcoin and memecoins.
BITCOIN WHALE WAKES UP AFTER 10 YEARS – MOVES 1,000 $BTC…– Only yesterday, two #Bitcoin addresses that have been entirely inactive for more than a decade, woke up…– Each address last received 500 $BTC in September 2013, when Bitcoin was worth around $100 each.– However,… https://t.co/K2ijf6cXEs pic.twitter.com/CYbSh6toZt
— BSCN (@BSCNews) May 13, 2024
As we can see from above a Bitcoin (BTC) whale wakes up after 10 years of silence and moves 1,000 BTC. This is a very bullish sign as it shows how the whale is likely preparing for a bullish trade. What was once $500 worth of BTC in 2013 is now worth $63 million.
Following this bullish move, it looks like the market has suddenly sprung to life. What was expected to be a boring sideways movement could have just swung into a bullish ride. As the market pumps hard, the charge is being led by a few popular altcoins and memecoins.
In detail, the assets leading the charge are Shiba Inu (SHIB), Floki (FLOKI), dogwifhat (WIF), Bonk (BONK), and JasmyCoin (JASMY). According to CoinMarketCap, SHIB has shot up by over 5% and is still moving in a rapid upward direction. Similarly, the other assets are also showing bullish signals and continue to pump hard.
This cycle in particular sees a lot of attention drifting towards Solana-based memecoin and WIF and BONK have both gotten a lot of attention. These coins give long-time players like SHIB and FLOKI fair competition. It will be interesting to see which coins have the most bullish surges in the coming golden bull run.
In comparison to all the projects leading the charge, JASMY and FLOKI have both seen impressive surges in the pre-bull run phase. Both assets shot up highly in comparison to their competition.
More interestingly, SHIB and FLOKI have both made multiple bullish announcements over the last year. From mainnet launches to roadmap unveilings, both projects have paved the way to prepare for a bullish golden bull run.
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The post Market Pumps Hard, Shiba Inu (SHIB), FLOKI, WIF, BONK, and JASMY Lead the Charge, Is This the Start of the Golden Bull Run? appeared first on Crypto News Land.