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Kabosu, Face of Dogecoin (DOGE) Meme, Passes Away. Kabosu, the Shiba Inu dog that became the face of Dogecoin and an iconic meme figure, passed away in Japan at the age of 19. Her owner, Atsuko Sato, reported the sad news, marking the end of an era for both the meme community and cryptocurrency enthusiasts worldwide. Kabosu gained internet fame in 2010 when photos of her went viral, leading to the creation of the "Doge" meme. This meme, characterized by Kabosu's expressive face and humorous captions in broken English, quickly spread across the internet, becoming a cultural phenomenon. In 2013, Kabosu's image was adopted as the mascot for DOGE, a new cryptocurrency initially started as a joke but that soon grew into a serious player on the crypto market. Dogecoin's official X account paid tribute to Kabosu, highlighting her immeasurable impact on the world. They noted that she was a symbol of happiness and love, whose spirit touched and shaped many lives globally. Since its launch over a decade ago, Dogecoin (DOGE) has achieved significant milestones, becoming the eighth largest cryptocurrency with a market capitalization of $22.85 billion and a daily turnover in the billions. The popularity and success of Dogecoin can be largely attributed to Kabosu's endearing presence on its logo, which captured the hearts of many. Dogecoin's influence extended beyond just being a meme. Kabosu played a crucial role in uniting a diverse community of cryptocurrency enthusiasts. Without her, the landscape of meme-based cryptocurrencies, a sector now worth $58 billion, might not exist.

Kabosu, Face of Dogecoin (DOGE) Meme, Passes Away.

Kabosu, the Shiba Inu dog that became the face of Dogecoin and an iconic meme figure, passed away in Japan at the age of 19. Her owner, Atsuko Sato, reported the sad news, marking the end of an era for both the meme community and cryptocurrency enthusiasts worldwide.

Kabosu gained internet fame in 2010 when photos of her went viral, leading to the creation of the "Doge" meme. This meme, characterized by Kabosu's expressive face and humorous captions in broken English, quickly spread across the internet, becoming a cultural phenomenon. In 2013, Kabosu's image was adopted as the mascot for DOGE, a new cryptocurrency initially started as a joke but that soon grew into a serious player on the crypto market.

Dogecoin's official X account paid tribute to Kabosu, highlighting her immeasurable impact on the world. They noted that she was a symbol of happiness and love, whose spirit touched and shaped many lives globally.

Since its launch over a decade ago, Dogecoin (DOGE) has achieved significant milestones, becoming the eighth largest cryptocurrency with a market capitalization of $22.85 billion and a daily turnover in the billions. The popularity and success of Dogecoin can be largely attributed to Kabosu's endearing presence on its logo, which captured the hearts of many.

Dogecoin's influence extended beyond just being a meme. Kabosu played a crucial role in uniting a diverse community of cryptocurrency enthusiasts. Without her, the landscape of meme-based cryptocurrencies, a sector now worth $58 billion, might not exist.

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Shiba Inu (SHIB) Saved? Price Makes Unexpected Return. Shiba Inu has made a substantial return to the market with a bounce off of the 50 EMA, which has been considered a strong support level for the asset. Luckily, SHIB did not let us down and performed the breakthrough many expected from it. However, there are numerous resistances ahead, so relying on a quick move up might not be the wisest decision. The blue line or 50-day EMA has served as a dependable level of support, giving SHIB the boost it needed to try a comeback. This rebound gives traders hope for a reversal and the confidence essential to stopping the larger decline that began more than a week ago. Another encouraging finding from the moving averages is that SHIB is currently trading above the 100-day EMA. Being above the 100 EMA, which frequently serves as a midterm trend indicator, may indicate that the overall trend is possibly turning more bullish. Still, the 50 day EMA is above the current price and may serve as a level of resistance in the near future. There has been an increase in trading activity during the recent price movements, as indicated by the trading volume bars. This surge in volume can indicate intense market interest and frequently follows notable price changes. But in order to overcome the current barriers and experience a prolonged upward trend, SHIB requires a steady high volume. Furthermore, the RSI displays a value of 50. There is potential for movement in either direction because SHIB appears to be in a neutral zone, neither overbought nor oversold. An increase toward 70 on the RSI may indicate overbought conditions. For now, SHIB is located in the middle and is unlikely to give us any kind of hint about the upcoming move.
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ΤΟΝ Blockchain's NOT Coin Surges 400% In Last 7 Days: What's Happening? ΤΟΝ blockchain is one of the most silent and rapidly growing parts of the cryptocurrency industry. Some of its coins, like NOT coin, surged massively, securing a 400% gain in seven days, which shows that not all the action is happening on the Ethereum or Solana networks. Due to its significant price increase, Notcoin is under the spotlight. The coin's value has increased by over 400 percent in the last seven days. Several things contribute to this rise, one of which is the growing interest of whales. An unrealized profit of $862,000 from NOT coin has been secured by one such whale. In order to acquire 46.4 billion NOT before the coin was publicly listed, this specific whale made a calculated investment of 50,550 TON, or $278,000. The early investment yielded significant returns as NOT's value surged. On May 21, the whale changed 46.4 billion of wrapped NOT (wNOT) into 46.4 million NOT. Due to the substantial profit made from holding onto this investment, it is clear that early and wise investments in newly emerging cryptocurrencies have potential. Growing interest and confidence in the TON blockchain is indicated by the NOT coins trading volume and price movement. The recent spike in volume on the chart indicates significant buying activity, which bodes well for future price movements. The price increase is supported by the volume trends, indicating that there may be more long-term interest in the token than just a transient pump. Technically speaking, the chart displays a string of green candles that represent multiple days in a row of gains. On the other hand, given the recent sharp increase, there may be a small retracement or period of profit-taking. Since these patterns can reveal information about the coins' future course it is important to keep a close eye on them. The lower portion of the chart's relative strength index shows that the coin is getting close to overbought conditions, which may cause a correction.
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Nearly $40 Million in XRP Transferred From Major Exchange. Nearly $40 million worth of XRP has been transferred from Binance, one of the world's leading cryptocurrency exchanges, to an unknown wallet. This substantial transfer has sparked speculation about the motives behind such large transactions, often attributed to whales - individuals or entities holding large quantities of a particular coin. The transaction was first reported by Whale Alert, a service dedicated to tracking large cryptocurrency transactions. Whale Alert's initial tweet revealed that almost 50.7 million XRP coins, worth around $26.2 million, were transferred from Binance to an unknown wallet. Shortly after, another tweet reported that nearly 26.2 million XRP coins, worth around $13.5 million, were transferred from Binance to an unknown wallet. These two major transactions total about 77 million XRP, which is approximately $40 million. The transactions indicate significant activity on the XRP market, often a precursor to market movements or a shift in investor sentiment. XRP price and market reaction. At the time of these transactions, the price of XRP was $0.5222, reflecting a modest increase of 0.94% over the last 24 hours. The 24-hour trading volume grew substantially, rising by 85.39% to $1.038 billion. This surge in trading activity often correlates with increased interest and potential price volatility. Analyzing the technical indicators provides further insight into the market conditions surrounding XRP. The coin's Relative Strength Index (RSI) is currently at 48.65. The RSI is a momentum oscillator that measures the speed and change of price movements. An RSI below 50 typically suggests that the market is losing momentum and could continue to trend downwards. However, the significant whale activity may counter this trend. Large-scale whale purchases often signal confidence in the asset, potentially driving up prices as smaller investors follow suit. Whales buying XRP might indicate a positive outlook on the coin's future performance, encouraging other investors to buy.
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