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How Meme Coins BONK, SHIB, PEPE Opened the 2024 Trading Week
Table of Content Profit-taking Caused BONK to PlummetBONK’s momentum indicators show that daily demand has declined.On-chain indicators show that PEPE transactions remain profitable.SHIB gears for a decline as the bears re-emerge.Meme coins registered tremendous price rallies in the last month of the 2023 trading year. One such crypto asset was Solana-based dog-themed Bonk [BONK], whose value climbed by over 250% during the 31-day period, according to data from Coingecko. Other coins, such as Pepe [PEPE] and Shiba Inu [SHIB], saw their prices increase by 25% and 28%, respectively, within the same window period. Profit-taking Caused BONK to PlummetAfter peaking at $0.000032 on December 15, BONK initiated a decline. At that price level, the market had become severely overheated, and buyers’ exhaustion had set in. That price point also marked an all-time high causing many token holders to distribute their tokens. Trading at $0.0000136 at press time, the altcoin’s price has since fallen by almost 54%. As its price trends downward, daily demand has also begun to fall. Key momentum indicators assessed on a daily chart showed the token’s Relative Strength Index (RSI) and Money Flow Index (MFI) … #Bonk.Coin #SHIB💥 #PepeMemecoin $BONK $PEPE $SHIB
Shiba Inu (SHIB) Today: Climbing Paws
Shiba Inu (SHIB), the Dogecoin-inspired meme coin, is on the rise today, showing some positive signs after a relatively quiet period. Here's a quick rundown of its current state:
Price: $0.000011 USD (as of 28 December 2023, 11:12 AM +06), representing a 4.90% increase in the last 24 hours.
Market Cap: $6.46 billion, ranking it #16 in the cryptocurrency market.
Trading Volume: $174.89 million in the last 24 hours, indicating moderate trading activity.
Circulating Supply: 589.3 trillion SHIB.
Recent Developments:
Shiba Inu's burn rate has increased significantly in recent weeks, fueled by community initiatives and partnerships. This means that more SHIB tokens are being permanently removed from circulation, potentially contributing to price appreciation in the long run.
The Shiba Inu team is actively developing its Shibarium Layer 2 blockchain, which aims to address scalability issues and reduce transaction fees on the Ethereum network. The launch of Shibarium is highly anticipated by the SHIB community and could be a major catalyst for growth.
Shiba Inu's metaverse project, Shib: The Metaverse, continues to gain traction. The team has recently announced partnerships with several virtual land platforms and is planning to host exclusive events and experiences for SHIB holders in the metaverse.
Overall, the sentiment around Shiba Inu is cautiously optimistic. While the cryptocurrency market remains volatile, SHIB's recent price increase and ongoing developments suggest that it could be worth keeping an eye on in the future.
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please do your own research before investing in any cryptocurrency. #SHIB💥 $SHIB
Shiba Inu (SHIB), the Dogecoin-inspired meme coin, is on the rise today, showing some positive signs after a relatively quiet period. Here's a quick rundown of its current state:
Price: $0.000011 USD (as of 28 December 2023, 11:12 AM +06), representing a 4.90% increase in the last 24 hours.
Market Cap: $6.46 billion, ranking it #16 in the cryptocurrency market.
Trading Volume: $174.89 million in the last 24 hours, indicating moderate trading activity.
Circulating Supply: 589.3 trillion SHIB.
Recent Developments:
Shiba Inu's burn rate has increased significantly in recent weeks, fueled by community initiatives and partnerships. This means that more SHIB tokens are being permanently removed from circulation, potentially contributing to price appreciation in the long run.
The Shiba Inu team is actively developing its Shibarium Layer 2 blockchain, which aims to address scalability issues and reduce transaction fees on the Ethereum network. The launch of Shibarium is highly anticipated by the SHIB community and could be a major catalyst for growth.
Shiba Inu's metaverse project, Shib: The Metaverse, continues to gain traction. The team has recently announced partnerships with several virtual land platforms and is planning to host exclusive events and experiences for SHIB holders in the metaverse.
Overall, the sentiment around Shiba Inu is cautiously optimistic. While the cryptocurrency market remains volatile, SHIB's recent price increase and ongoing developments suggest that it could be worth keeping an eye on in the future.
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please do your own research before investing in any cryptocurrency. #SHIB💥 $SHIB
🚀 Shiba Inu's Ascent: Dreaming of $0.01 in 2024?
🌕Since its 2020 inception, the SHIB community has rallied
behind the vision of the token hitting the coveted $0.01 mark.
With 1.3 million dedicated holders, the question arises: Can 2024
be the year SHIB makes this leap?
Let's dive into the possibilities.
🔍 Reality Check on the $0.01 Target:
Achieving $0.01 for SHIB by 2024? It's a monumental challenge.
In fact, some might argue that the stars aligning for a cosmic
event next year might be more probable than SHIB touching that
milestone.
🔥 The Burn Factor:
For SHIB to edge closer to $0.01, a massive token burn is
imperative. While Shibarium plans to initiate burns in January
2024, the sheer volume remains uncertain, casting shadows on
its potential impact.
📉 Adoption & Growth Concerns:
Stagnation looms as SHIB maintains its 1.3 million holders.
With dwindling new entrants and adoption rates, the token faces
challenges in breaking free from its current price rut.
💡 Final Thoughts:
While the SHIB community's spirit is commendable, a reality
check suggests that $0.01 in 2024 might be a stretch. Barring a
miraculous turn of events, SHIB's journey to a cent remains an
uphill battle.
Current Snapshot: SHIB is priced at $0.00000975, marking a 3%
dip in the daily trade. Notably, it stands 89% below its peak of
$0.00008616 in October 2021. #SHIB💥 #crypto2024SpaceCatch
🌕Since its 2020 inception, the SHIB community has rallied
behind the vision of the token hitting the coveted $0.01 mark.
With 1.3 million dedicated holders, the question arises: Can 2024
be the year SHIB makes this leap?
Let's dive into the possibilities.
🔍 Reality Check on the $0.01 Target:
Achieving $0.01 for SHIB by 2024? It's a monumental challenge.
In fact, some might argue that the stars aligning for a cosmic
event next year might be more probable than SHIB touching that
milestone.
🔥 The Burn Factor:
For SHIB to edge closer to $0.01, a massive token burn is
imperative. While Shibarium plans to initiate burns in January
2024, the sheer volume remains uncertain, casting shadows on
its potential impact.
📉 Adoption & Growth Concerns:
Stagnation looms as SHIB maintains its 1.3 million holders.
With dwindling new entrants and adoption rates, the token faces
challenges in breaking free from its current price rut.
💡 Final Thoughts:
While the SHIB community's spirit is commendable, a reality
check suggests that $0.01 in 2024 might be a stretch. Barring a
miraculous turn of events, SHIB's journey to a cent remains an
uphill battle.
Current Snapshot: SHIB is priced at $0.00000975, marking a 3%
dip in the daily trade. Notably, it stands 89% below its peak of
$0.00008616 in October 2021. #SHIB💥 #crypto2024SpaceCatch
#TradeNTell Shib Market up A bullish signal can be seen that the market will now rocket up. Shib coin, the market is likely to move forward,,,#ShibaInvestment #SHIB💥
$SHIB Total Market Cap 6.15B 🚀
Holding meme is risky but have some $DOGE and $SHIB in very less percentage. Volume is growing.
#SHIBvsDOGE #ShibaPricePrediction #SHIB💥
Holding meme is risky but have some $DOGE and $SHIB in very less percentage. Volume is growing.
#SHIBvsDOGE #ShibaPricePrediction #SHIB💥
"Shiba Inu Highlights Crucial Milestones in SHIB's 2023 Journey"
With the falling of the 2023 curtain, the Shiba Inu team endeavored to recap the most significant events that unfolded within the Shiba Inu ecosystem throughout the year.
Read more on: https://thecryptobasic.com/2024/01/03/2023-review-key-milestones-and-events-for-shiba-inu/
#SHIB💥 #ShibaInuEcosystem #shibanews #Cryptocurrrency #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2024/01/03/2023-review-key-milestones-and-events-for-shiba-inu/
#SHIB💥 #ShibaInuEcosystem #shibanews #Cryptocurrrency #CryptoNews🔒📰🚫
"Breaking Exclusive: Shiba Inu Team Hints at Major Developments Set to Redefine 2024!"
As the new year rolls in, the Shiba Inu ecosystem development team has teased more concerted advancement efforts toward the SHIB project.
Read more on: https://thecryptobasic.com/2024/01/01/shiba-inu-team-teases-serious-developments-game-changing-stuff-for-2024/
#SHIB💥 #Shiba.Inu.coin #ShibaInuEcosystem #Cryptocurrrency #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2024/01/01/shiba-inu-team-teases-serious-developments-game-changing-stuff-for-2024/
#SHIB💥 #Shiba.Inu.coin #ShibaInuEcosystem #Cryptocurrrency #CryptoNews🔒📰🚫
$SHIB
Important update about SHIB!
All altcoin grow upwards with BTC 📉 trend ,but #SHIB💥 still fluctuate between support and resistance level 🎚️.
If you looks four hours time frame 🖼️ you will clearly see ,that shib still fluctuate between support and resistance level 🎚️.
So guys don't make your short or long position for long time to avoid yourself from looses .
If you trade then trade on the basis of support and resistance level 🎚️ as will as on the basis of other stategy .
#TradeNTell #ShibaPriceAnalysys #BTC $BTC
Important update about SHIB!
All altcoin grow upwards with BTC 📉 trend ,but #SHIB💥 still fluctuate between support and resistance level 🎚️.
If you looks four hours time frame 🖼️ you will clearly see ,that shib still fluctuate between support and resistance level 🎚️.
So guys don't make your short or long position for long time to avoid yourself from looses .
If you trade then trade on the basis of support and resistance level 🎚️ as will as on the basis of other stategy .
#TradeNTell #ShibaPriceAnalysys #BTC $BTC
The Ultimate Cryptocurrency to Buy With $1,000 Today #TrendingTopic
Bitcoin's historical performance makes it the best-performing asset over the last 15 years.
Dominating the crypto market, Bitcoin provides investors with comprehensive exposure to the asset class.
Bitcoin's unique design emphasizes unparalleled levels of decentralization and security, making it the quintessential cryptocurrency.
Discover why Bitcoin is not just a cryptocurrency but the epitome of value and resilience that investors should target.
Navigating the crypto market isn't easy. Investors are faced with the daunting task of combing through thousands of options, with each one seemingly promising life-changing returns.
But when it comes to investing in crypto, it doesn't have to be hard. Similar to investing in the stock market, less is almost always more, and simplicity in a portfolio is a benefit, not a negative.
From this angle, there's one cryptocurrency deserving of a $1,000 investment today -- and it's Bitcoin (BTC 0.83%). This choice probably won't earn points for originality, but when considering Bitcoin's historical performance, dominance over the market, and distinct characteristics, its merit as the ultimate cryptocurrency becomes self-evident.
Bitcoin's historical performance shines
There's no other way around it: Bitcoin has been the best-performing asset over the last 15 years. While critics will point to its volatility as a reason to avoid it, I see these claims as misconstrued.
Over a year-to-year timeline, yes, Bitcoin's drawdowns are apparent and deserving of attention. But long-term investing should be done with a time horizon greater than just one year. When zooming out, Bitcoin's attractiveness as a long-term investment becomes all the more compelling.
While past returns are not indicative of future performance, it's becoming increasingly difficult to dismiss Bitcoin's cyclical price appreciation.
#BTC #cryptonews #sol #SHIB💥
Bitcoin's historical performance makes it the best-performing asset over the last 15 years.
Dominating the crypto market, Bitcoin provides investors with comprehensive exposure to the asset class.
Bitcoin's unique design emphasizes unparalleled levels of decentralization and security, making it the quintessential cryptocurrency.
Discover why Bitcoin is not just a cryptocurrency but the epitome of value and resilience that investors should target.
Navigating the crypto market isn't easy. Investors are faced with the daunting task of combing through thousands of options, with each one seemingly promising life-changing returns.
But when it comes to investing in crypto, it doesn't have to be hard. Similar to investing in the stock market, less is almost always more, and simplicity in a portfolio is a benefit, not a negative.
From this angle, there's one cryptocurrency deserving of a $1,000 investment today -- and it's Bitcoin (BTC 0.83%). This choice probably won't earn points for originality, but when considering Bitcoin's historical performance, dominance over the market, and distinct characteristics, its merit as the ultimate cryptocurrency becomes self-evident.
Bitcoin's historical performance shines
There's no other way around it: Bitcoin has been the best-performing asset over the last 15 years. While critics will point to its volatility as a reason to avoid it, I see these claims as misconstrued.
Over a year-to-year timeline, yes, Bitcoin's drawdowns are apparent and deserving of attention. But long-term investing should be done with a time horizon greater than just one year. When zooming out, Bitcoin's attractiveness as a long-term investment becomes all the more compelling.
While past returns are not indicative of future performance, it's becoming increasingly difficult to dismiss Bitcoin's cyclical price appreciation.
#BTC #cryptonews #sol #SHIB💥
LIVECRYPTO_KITE
--
Four 4 Factors Indicating a Potential (SHIB) Bull Run Incoming#ShibaPriceAnalysys
Check out why SHIB's price might start pumping soon.
TL;DR
Some important elements indicate a potential upswing for Shiba in the short term.
Developments in SHIB’s layer-2 blockchain solution and a resurgence of the meme coin sector could support this rally.
Is it Time for a SHIB Rally?
(SHIB), similar to many other cryptocurrencies, has underperformed in the past several days, with its price plunging by 3% on a two-week scale (per CoinGecko’s data). However, some essential metrics and factors hint that the correction might be near its end.
According to CryptoQuant, SHIB exchange netflow has been positive only once in the past eight days. Shifting from centralized exchanges to self-custody methods is considered bullish since it reduces the immediate selling pressure.
As CryptoPotato reported, the burn rate skyrocketed on multiple occasions in the previous weeks, with over 9 billion tokens destroyed since the beginning of 2024.
The mechanism aims to reduce the tremendous circulating supply of SHIB, making it scarcer and potentially more valuable in time.
Earlier this week, the team behind Shibarium (Shiba layer-2 blockchain solution) introduced an important update, which is designed to reduce the burden of manual token burning and automate the entire system.
According to some experts, advancement of the L2 scaling solution might also fuel SHIB’s possible upswing. Launched in August last year, Shibarium aims to foster the growth of the meme coin’s ecosystem by reducing transaction fees and improving speed. More details about the feature can be found in the video below:
Another key factor that could propel a SHIB rally could be a potential revival of the meme coin sector. Assets of that type sometimes follow each others’ steps, and currently, there are quite a lot situated well in the green.
This is especially true for meme coins that are built on Solana, which have seen a substantial upswing throughout the past weeks.
#ALT #BTC🔥🔥 #etf #SHIB💥 $SHIB
Check out why SHIB's price might start pumping soon.
TL;DR
Some important elements indicate a potential upswing for Shiba in the short term.
Developments in SHIB’s layer-2 blockchain solution and a resurgence of the meme coin sector could support this rally.
Is it Time for a SHIB Rally?
(SHIB), similar to many other cryptocurrencies, has underperformed in the past several days, with its price plunging by 3% on a two-week scale (per CoinGecko’s data). However, some essential metrics and factors hint that the correction might be near its end.
According to CryptoQuant, SHIB exchange netflow has been positive only once in the past eight days. Shifting from centralized exchanges to self-custody methods is considered bullish since it reduces the immediate selling pressure.
As CryptoPotato reported, the burn rate skyrocketed on multiple occasions in the previous weeks, with over 9 billion tokens destroyed since the beginning of 2024.
The mechanism aims to reduce the tremendous circulating supply of SHIB, making it scarcer and potentially more valuable in time.
Earlier this week, the team behind Shibarium (Shiba layer-2 blockchain solution) introduced an important update, which is designed to reduce the burden of manual token burning and automate the entire system.
According to some experts, advancement of the L2 scaling solution might also fuel SHIB’s possible upswing. Launched in August last year, Shibarium aims to foster the growth of the meme coin’s ecosystem by reducing transaction fees and improving speed. More details about the feature can be found in the video below:
Another key factor that could propel a SHIB rally could be a potential revival of the meme coin sector. Assets of that type sometimes follow each others’ steps, and currently, there are quite a lot situated well in the green.
This is especially true for meme coins that are built on Solana, which have seen a substantial upswing throughout the past weeks.
#ALT #BTC🔥🔥 #etf #SHIB💥 $SHIB
In a bull market, you’ve two jobs.
I will explain.
1- find a token with a trending narrative that has not mooned yet.
2- first mover token that has mooned, be patient and find an entry. First movers always win in the long run.
Don’t be distracted by all the noise just narrow down your search to these two and you’ll see how much you start winning.
In clearer terms to Maximize gains in a bull market,
identify a trending token yet to moon, Patience pays off with first movers ,it's also important to Cut the noise, focus on these and Watch the wins roll in! 🚀
#Bonk.price #SHIB💥
I will explain.
1- find a token with a trending narrative that has not mooned yet.
2- first mover token that has mooned, be patient and find an entry. First movers always win in the long run.
Don’t be distracted by all the noise just narrow down your search to these two and you’ll see how much you start winning.
In clearer terms to Maximize gains in a bull market,
identify a trending token yet to moon, Patience pays off with first movers ,it's also important to Cut the noise, focus on these and Watch the wins roll in! 🚀
#Bonk.price #SHIB💥