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💥💥💥 Pundit States Why #shibaInu is Greater Than #Dogecoin‬⁩ The analyst supports Shiba Inu over Dogecoin, citing three main reasons. Firstly, SHIB is listed on all major exchanges that also support Dogecoin, such as Binance, KuCoin, Coinbase, OKX, Bybit, Kraken, and Gate.io. Secondly, SHIB tends to experience significant rallies after breakouts compared to DOGE, despite having a similar market presence. Lastly, SHIB offers traders cleaner exit points, implying a more stable market condition. Rivalry Between Dogecoin and Shiba Inu - Shiba Inu, dubbed the "Dogecoin Killer," has emerged as a significant competitor to Dogecoin since its launch in August 2020. The SHIB ecosystem intensifies this rivalry with tokens like "Doge Killer" (LEASH). While both started as meme tokens, Shiba Inu has transitioned into a utility project with initiatives like Shibarium, Shiba Eternity, SHIB: The #metaverse , and Shiboshi. Additionally, Shiba Inu's development team is working on a #Layer3 privacy network. Despite fewer projects, Dogecoin garners support from figures like Elon Musk, contributing to its market cap of $22.9B, surpassing SHIB's $14.17B valuation. Dogecoin's market cap makes it the top-ranking meme coin, with DOGE trading at $0.1584 and SHIB at $0.00002404. Remember, investing in #cryptocurrencies is highly speculative and involves a significant risk of loss. You should never invest more than you can afford to lose also do your own research. Source - thecryptobasic.com

💥💥💥 Pundit States Why #shibaInu is Greater Than #Dogecoin‬⁩

The analyst supports Shiba Inu over Dogecoin, citing three main reasons. Firstly, SHIB is listed on all major exchanges that also support Dogecoin, such as Binance, KuCoin, Coinbase, OKX, Bybit, Kraken, and Gate.io. Secondly, SHIB tends to experience significant rallies after breakouts compared to DOGE, despite having a similar market presence. Lastly, SHIB offers traders cleaner exit points, implying a more stable market condition.

Rivalry Between Dogecoin and Shiba Inu


- Shiba Inu, dubbed the "Dogecoin Killer," has emerged as a significant competitor to Dogecoin since its launch in August 2020. The SHIB ecosystem intensifies this rivalry with tokens like "Doge Killer" (LEASH). While both started as meme tokens, Shiba Inu has transitioned into a utility project with initiatives like Shibarium, Shiba Eternity, SHIB: The #metaverse , and Shiboshi. Additionally, Shiba Inu's development team is working on a #Layer3 privacy network. Despite fewer projects, Dogecoin garners support from figures like Elon Musk, contributing to its market cap of $22.9B, surpassing SHIB's $14.17B valuation. Dogecoin's market cap makes it the top-ranking meme coin, with DOGE trading at $0.1584 and SHIB at $0.00002404.


Remember, investing in #cryptocurrencies is highly speculative and involves a significant risk of loss. You should never invest more than you can afford to lose also do your own research.

Source - thecryptobasic.com

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💥💥💥 #shibaInu Needs to Break This 29 Trillion Resistance to Reach $0.00006 In the current market, altcoins like Shiba Inu (SHIB) are struggling to regain momentum despite #Bitcoin's strong performance. On June 5th, SHIB saw a surge, peaking at $0.00002633, driven by Bitcoin's rise and positive market sentiment. However, it faces significant resistance at the $0.000026 level, where a major sell wall exists, hindering further gains. Data shows that 64,320 addresses hold 69.74 trillion SHIB at an average price of $0.000026, contributing to selling pressure when SHIB approaches this level. Despite attempts to maintain support above $0.000025, SHIB has retraced its recent gains. To surpass the $0.000026 resistance, SHIB needs to confidently close above $0.000027. However, it faces additional hurdles on its way to $0.00006, encountering five more supply walls. The largest of these walls involves 140,260 addresses holding 19 trillion SHIB tokens between $0.00003 and $0.000036. Despite these challenges, SHIB maintains a significant number of addresses in profit, representing 63.43% of total holders. This is attributed to SHIB's spike beyond $0.00001 earlier this year. Presently, SHIB trades at $0.00002534, with efforts ongoing to reclaim $0.00003. In summary, SHIB faces formidable obstacles in its recovery journey, with multiple sell walls impeding progress. However, bullish momentum driven by Bitcoin's resurgence and positive market sentiment could fuel SHIB's ascent if these obstacles are effectively overcome. Source - thecryptobasic.com #CryptoTrends2024 #BinanceSquareTalks #cryptocurrency
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🔥🔥🔥 Data Shows That Despite Struggles, $XRP Ranks Among Top 5 Assets with Highest Profitability The recent update highlights XRP's ongoing struggle to surpass the $0.50 level, sparking #stablecoin comparisons. Since dropping below $0.60 on April 12, XRP has failed to reclaim this key price point, despite occasional market upswings. However, XRP has maintained its $0.50 support, showcasing resilience but causing investor anxiety due to stagnant price movements. Santiment's "Supply in Profit" metric reveals that most of XRP's circulating supply is trading at a profit. This metric compares a token's current value to its initial value on the #Blockchain , indicating whether it's trading higher or lower than its initial price. Bitcoin ($BTC ) has the highest percentage of supply in profit at 98.3%, followed by Ethereum ($ETH ) at 95.1%, #Chainlink at 86.8%, and Dogecoin (DOGE) at 82.2%. Despite a year-to-date decline of 15%, XRP ranks fifth with a 78.8% profitability ratio. XRP's high profitability is due to its initial low price and the timing of token releases. Ripple's monthly escrow releases, totaling 2.4 billion tokens annually, often coincide with low prices, maintaining supply profitability. For instance, 500 million XRP released on May 1 and 1 billion XRP on June 1 are now in profit, trading above their release prices. In summary, XRP's ability to maintain its $0.50 support and high profitability ratio, despite price struggles, is largely due to strategic token releases and initial low pricing. Source - thecryptobasic.com #CryptoTrends2024 #BinanceSquareTalks
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💥💥💥 Enormous #bitcoin #whale 🐳🐳🐳 Adds $1 Billion in $BTC Every Day: Who Is It? According to a report by WuBlockchain, based on research from CryptoQuant, approximately $1 billion worth of Bitcoin is being added daily to a significant new whale wallet. This surge is likely due to institutional investors purchasing Bitcoin and transferring it to custodial wallets. Over the past 30 days, long-term holders have accumulated 70,000 BTC, with whale demand increasing at a rate of 4.4% per month. A sustained price rally for Bitcoin is anticipated due to improving conditions driving demand growth. Several factors contribute to this rebound: 1. Growth in Large Investors and Permanent Holders: There is a noticeable increase in the combined balances of large investors and permanent holders. This suggests a rising conviction among long-term Bitcoin holders. 2. $1 Billion Daily Inflows: Significant new Bitcoin investors are injecting $1 billion daily. This substantial investment indicates growing interest and confidence among prominent market participants. 3. Increase in Bitcoin Purchases from Spot ETFs in the USA: The approval of spot #BitcoinETFs in the USA and subsequent increased activity have boosted demand. This new investment channel offers investors a more accessible way to gain exposure to Bitcoin. Moreover, heavy selling by traders has exhausted the market. The unrealized profit ratio resetting to 0% indicates reduced selling pressure, signaling the onset of a new accumulation phase. Additionally, since the approval of spot ETH ETFs in the USA on May 20, Ethereum has seen a surge in demand. Both long-term Ethereum holders and major investors have increased their ETH purchases, reflecting a similar trend of growing confidence in Ethereum alongside Bitcoin. However, despite positive signs for both Bitcoin and Ethereum, the growth trajectory of #stablecoin liquidity has not yet been restored. Source - u.today #BinanceSquareBTC
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