Will Shiba Inu (SHIB) Lead The Memecoin Bull Run?
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Shiba Inu (SHIB) has built momentum this week following an increase in burn rates and whale transactions amid other factors.
Shiba Inu (SHIB) is igniting bullish interest in the cryptocurrency market following a wave of positive on-chain factors spurring price growth.
At press time, SHIB trades at 0.0000227, an 8% increase this week despite facing slight short-term corrections.
The uphill rally in SHIB and memecoins has been tipped by multiple traders on social media spaces as ushering in the next market bull phase. Shiba Inu’s market capitalization stands over $13.4 billion with daily trading volumes almost at $400 million.
Shiba Inu recorded surging transactions alongside its price uptick. The memecoin notched an increase in daily volumes and new active accounts on the back of network upgrades.

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#Bitcoin #Ethereum #SHIB #ShibaInu $SHIB

TL;DR

SHIB’s price dropped amid decreased activity on its Shibarium network and lower large transaction volume.

On the other hand, the burn rate surged by 3,600%, suggesting potential resurgence through increased scarcity.

A Step Back for SHIB

The popular meme coin Shiba Inu has performed quite well recently, registering a 40% price increase on a two-week scale. It reached a three-month high of $0.00002038 on September 28 before slightly retracing since then. Currently, it trades at around $0.00001861 (per CoiGecko’s data), representing a 4% daily decline.

SHIB Price, Source: CoinGecko

The latest retreat coincides with the stalled progress of the layer-2 scaling solution Shibarium. Data shows that daily transactions on the network, new accounts, and new contracts have been on a downtrend since September 27.

The next signal is the decline of large transaction volume (where each transaction exceeds $100,000). According to IntoTheBlock, the figure has fallen by over 50% in the past 24 hours and is currently less than $40 million.

Last but not least, we will focus on Net Network Growth, a momentum signal that “gives a pulse of the true growth of the token’s underlying network.” The metric is down 0.26% and is currently positioned in bearish territory.

One Bullish Factor

Conversely, one major element hinting that the price of SHIB might head north again in the near term is the Shiba Inu burn rate, which has skyrocketed by approximately 3,600% in the past week, resulting in over 2 billion tokens sent to a null address. 

The program’s ultimate goal is to reduce the total circulating supply of SHIB, create scarcity, and potentially increase the value of the remaining tokens.

This strategy relies on the basic economic principle that when the supply decreases while demand remains steady or rises, it can result in an increase in the asset’s price.

Since the adoption of the mechanism, the SHIB team and community have destroyed over 410 trillion tokens, leaving roughly 583.5 in circulation.

For more updates on the ecosystem, check out our Shibarium news.

The post 3 Bearish Shiba Inu Signals as the SHIB Price Loses Momentum: Details appeared first on CryptoPotato.

Shiba Inu (SHIB) is in pump of +26% in the last seven days, with the price reaching 0.00002152$ three days ago. This latest rally of the memecoin could be attributed to the announcement of the arrival of the new stablecoin SHI. 

Shiba Inu (SHIB): la memecoin records a price rally in the last week

Shiba Inu (SHIB), the second memecoin by market capitalization, is experiencing a true price rally in the last week. 

In fact, at the time of writing, SHIB is worth $0.00001826 and is in a pump of +26% compared to seven days ago. 

However, this price is just a downsizing compared to what was reached by SHIB three days ago, on September 27, which is 0.00002152$. Not bad, considering that this price peak had not been reached by SHIB since last June. 

In any case, the price rally of SHIB might have started on September 25, when SHIB surpassed the threshold of $0.000015. 

What's Goin’ On

621 Billion in 24 Hours for #ShibaInuCoin (SHIB)

Let’s Go #ShibaInu $SHIB $TREES $BONE $LEASH #shibaArmy https://t.co/C1ETHtj0jb

— Shiba Inu (@ShibainuCoin) September 25, 2024

“What is happening? 621 billion in 24 hours for #ShibaInuCoin (SHIB). Let’s go.”

But what is cooking? In reality, it seems that behind this price surge there could be a FOMO (Fear Of Missing Out) that concerns the launch of the new stablecoin SHI. 

Shiba Inu (SHIB): is the memecoin rally based on the FOMO of the new stablecoin?

In the Shiba Inu house, in fact, there have been several provocative announcements. First of all, the official Shiba Inu account itself tweeted on September 25 as follows:

BIG
THINGS IS
COMING
IN
Q4

Stay connected, don’t allow doubts to distract your vision

— Shiba Inu (@ShibainuCoin) September 25, 2024

“BIG THINGS ARE COMING IN Q4. Stay connected, do not let doubts distract your vision”

But then, to reveal something more was the tweet from Lucie, part of the Shiba Inu team, who shared the announcement of the launch of the new stablecoin SHI. 

Shiba Inu to Launch a Stablecoin Soon! https://t.co/3edOQplCnU

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) September 26, 2024

“Shiba Inu will soon launch a Stablecoin!”

In practice, from what has emerged, Lucie would have shared further details regarding the stablecoin SHI, stating that it is a significant development for the Shibarium network. Currently, SHIB is in development, but it apparently seems to be the subject of enthusiasm from the crypto community.

Changelly: the price prediction of SHIB

While the true motivation behind the SHIB rally cannot be guaranteed, it seems that many are optimistic about its future. 

In fact, it seems that the current FOMO could push the price of SHIB to a 90% pump, thus reaching $0.000035. 

At the beginning of September, Changelly predicted that the price of SHIB would pump up to $0.00002785, slightly more than what was already reached three days ago. Not only, the prediction for the end of 2024 by Changelly indicates an average price that could reach $0.000035. 

Recently, Shiba Inu (SHIB) has been on fire—quite literally. The burn rate of SHIB tokens has skyrocketed to unprecedented levels, drawing the attention of the crypto community. This uptick comes as part of a broader effort to reduce the total circulating supply and drive the token’s price upward. In just 24 hours, the burn rate surged by over 2,000%, leading to the removal of more than 50 million SHIB tokens from circulation. This move creates a sense of scarcity, which could positively influence the price of the coin over time.

What’s Fueling the Shiba Inu Burn Rate?

One of the key reasons behind the soaring burn rate is the community’s increasing efforts to make SHIB more valuable. Shiba Inu’s team and supporters have been actively promoting token burns, with large wallets sending millions of SHIB to dead wallets. This move is designed to limit the supply and boost demand. Recently, the burn rate jumped as high as 2,900%, which wiped out over 30 million tokens in a single day. Such aggressive burn rates have revitalized investor interest in SHIB​.

Uptober: A Bullish Outlook for Shiba Inu

Crypto enthusiasts are calling this month “Uptober,” and it looks like Shiba Inu is positioned for significant gains. Despite the recent burn activity, SHIB’s price has remained relatively stable, but market watchers believe this could be the calm before the storm. As the supply continues to shrink, investors are hoping for a surge in demand, especially with the involvement of whales buying up massive amounts of SHIB. Robinhood also added to the excitement by increasing its SHIB holdings​.

Will Shiba Inu’s Burn Rate Boost Prices?

While burning millions of tokens sounds promising, it doesn’t guarantee instant price hikes. The relationship between the burn rate and SHIB’s market value is complex. Although the burn rate hit a whopping 5,000% during one recent week, SHIB’s price movement has been modest so far. But many in the SHIB community are optimistic. They believe that sustained token burns, combined with increasing adoption and whale interest, will eventually spark a significant price rally​.

Shiba Inu and Long-Term Value

Shiba Inu’s burn rate is more than just a short-term trend—it’s a long-term strategy aimed at improving the tokenomics of SHIB. The token burns make SHIB scarcer, which could result in higher prices over time. With over 400 trillion tokens already burned and ongoing community efforts, Shiba Inu continues to build momentum. The question now is whether this will be enough to push SHIB’s price to new heights during this so-called “Uptober”​.

The Shiba Inu (SHIB) burn rate has surged in the last 24 hours, providing a bullish outlook for the meme coin. This is also significant as it suggests that Shiba Inu bulls are again returning to its ecosystem. 

Shiba Inu Burn Rate Surges By 81%

Data from the Shiba Inu burn tracker Shibburn shows that the meme coin’s burn rate has surged by 81% in the last 24 hours, with 3.7 million coins burnt during this period. Meanwhile, the burn rate has surged by an impressive 3,600% in the last seven days, with 2 billion coins burnt during this period. 

The surge in Shiba Inu’s burn rate is significant, indicating that the bulls are back in the meme coin’s ecosystem. Since an accumulation trend typically leads to a transaction spike, more SHIB tokens are usually burnt as investors accumulate the meme coin. Data from the market intelligence platform IntoTheBlock also confirms that these Shiba Inu whales have been actively buying the meme coin. 

Large transactions have surged by over 13% in the last seven days, with trillions of Shiba Inu tokens traded during this period. In the last 24 hours, these bulls have traded two trillion SHB tokens. Meanwhile, the large transactions reached a recent high on September 26, when nine trillion SHIB tokens were traded. 

Shiba Inu’s price has also reacted accordingly to these bullish metrics, surging by over 26% in the last seven days. This rally is expected to extend in October as the meme coin could be on the verge of a historic run. Shiba Inu has always recorded positive monthly returns in October, and this time isn’t expected to be different.

Moreover, the broader crypto market outlook is bullish, which supports Shiba Inu reaching new highs next month. Specifically, there have been projections that Bitcoin (BTC) could reclaim the $70,000 price level in October. Therefore, given Shiba Inu’s strong positive price correlation with BTC, it will run as the flagship crypto moves to the upside. 

SHIB Can Rise To As High As $0.000081 Soon Enough

Crypto analyst Javon Marks has predicted that the meme coin can rise to as high as $0.000081 soon enough. He claimed its price had responded massively after noticing multiple confirmed hidden bullish divergences. In line with this, he added that an extended rally towards $0.000081 looks to be in progress. 

That represents a price rally of over 300% for Shiba Inu. Marks had also previously predicted that Shiba Inu would delete another zero from its price in this bull run, indicating that the meme coin could still rise higher even after it reaches the $0.000081 price level. 

Interestingly, crypto analyst Smile recently predicted that the meme coin could rise as high as $0.05 by 2025. However, for its price to get close to that level, a significant amount of Shiba Inu’s circulating supply will need to be burnt. 

Source: NewsBTC.com

The post Shiba Inu Burn Rate Skyrockets 81% In One Day, Are The Bulls Back? appeared first on Crypto Breaking News.

The meme coin market is abuzz again, and Shiba Inu (SHIB) is leading the way with a significant rally. This recent uptick can be attributed to increased token burns and an overall growing ecosystem, making it one of the few memecoins with foggy potential for store growth.

Meanwhile, a new altcoin, RCO Finance (RCOF), is gaining traction. Unlike SHIB, which relies heavily on community support and a deflationary model, RCOF is carving its path by emphasizing solid fundamentals and innovative technology. Aiming to hit the $5 mark by 2025, RCOF has caught the attention of experts and investors’ attention.

Shiba Inu (SHIB) Continues Burning Amidst Comeback

Shiba Inu is on a remarkable run, up 15% in the last day and the biggest gainer within the top 100 cryptocurrencies. Changing hands at approximately $0.00001961, SHIB’s market capitalization has surged past $11.56 billion this week, becoming one of the largest-cap cryptos.

Defying bearish trends, SHIB reached a new high on Monday evening when it traded over 4,000x its price. The Shiba Inu burn rate has also increased by 33,818%, burning over 1.8 billion SHIB in one day.

While Shiba Inu remains atop the performer, its 24-hour trading volume has jumped over 124%. Recent developments contributing significantly to the burn rate, including ShibTorch, continue to drive the project’s initiative to reduce the circulating supply.

RCO Finance (RCOF): The Perfect Rival

RCO Finance stands out from other altcoins because it’s built on strong fundamentals and a clear vision for the future. Unlike memecoins that thrive on hype, RCOF combines advanced financial tools to create a better user experience and maximize returns.

What differentiates RCOF from its competitors, like Shiba Inu (SHIB), is its innovative use of crypto AI and a wide range of services to improve user experience and investment potential. Central to RCO Finance’s appeal is its AI-powered robo advisor, which changes the way investors engage with the market.

Unlike traditional trading platforms that rely on human intuition, RCOF uses smart algorithms and machine learning to analyze real-time market trends and data from credible sources like DEX Screener. 

This approach allows the robo-advisor to identify profitable trading opportunities and recommend personalized investment strategies.

Additionally, RCO Finance features a fully automated market-making (AMM) system. This AI-driven feature automatically improves liquidity and yield generation. It continually adapts trading parameters according to market conditions, assuring users benefit from improved pricing and less slippage.

Making an Impact on Asset Tokenization

With major companies like VISA entering the space, asset tokenization is gaining momentum. As of mid-2024, tokenized assets are valued at around $3 billion, mainly driven by government securities and commodities like gold. The Boston Consulting Group predicts a more ambitious future, forecasting a $16 trillion market, or about 10% of global GDP.

RCO Finance is leading the way in this evolution, offering advanced RWA tokenization services. Along with innovative trading solutions, RCO Finance allows investors to use cryptos to directly invest in stocks, bonds, and real estate, eliminating cumbersome conversions.

This simplifies the investment process and improves portfolio diversification. By tokenizing RWAs, RCOF boosts liquidity and accessibility in the DeFi space, paving the way for a new era of financial inclusivity and innovation. With the platform’s 1000x leverage on some assets, traders can grow their finances with minimal risks.

RCOF uses strong security measures to protect its platform with Fireblocks integration. Additionally, RCOF’s altcoin smart contract has been audited by SolidProof, a leader in blockchain security. RCOF also does not require KYC procedures, enabling users to maintain privacy while complying with regulations.

Why RCO Finance is Set to Outperform Shiba Inu

Shiba Inu has gained popularity in the market thanks to two key aspects that resonate with its community: its deflationary model and the potential for high investment returns. RCO Finance has adopted this model to support the project’s growth and the RCOF token’s price stability.

The RCOF presale is attracting investors, having already raised over $2 million. With an initial token price of $0.0343, early buyers could see significant gains as the presale progresses. Estimates suggest that RCOF might launch between $0.40 and $0.60, offering potential returns of over 1,600% for those who invest now.

In addition to the appealing ROI, token holders can access the platform’s suite of AI features, such as analytics, governance rights, voting, and access to syndicate ETF funds. 

They also enjoy priority customer support, staking opportunities with an impressive APY of up to 86%, trading discounts, liquidity provisions, and cashback.

RCO Finance further boosts engagement through its community-driven governance model, allowing token holders to influence important decisions about the platform’s future. This democratic framework empowers investors and develops a sense of ownership among all participants.

For more information about the RCO Finance (RCOF) Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

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Shiba Inu ($SHIB ), one of the top meme coins, launched in August 2020 and has become one of the 15 largest cryptocurrencies. Here's what you need to know 👇
💎 What Happened:
Shiba Inu launched as a Dogecoin-inspired coin on the Ethereum ($ETH) network. It later created a decentralized exchange called ShibaSwap, which includes tokens like BONE and LEASH. Now, it’s traded on major platforms like Coinbase, Kraken, and Robinhood.
💎 The Numbers:
Launch Price (Aug. 2020): $0.00000000051 per token
$100 Investment at launch: You could have bought 196,078,431,373 SHIB
Value Today: At the current price of $0.0002027, your $100 would now be worth $3,974,509.80
All-Time High: In October 2021, SHIB hit $0.00008845. At its peak, that $100 investment would have been worth $17,343,137.25!
💎 What’s Next:
Shiba Inu’s developer, Shytoshi Kusama, is teasing new developments, including a stablecoin called SHI. The increasing burn rate of SHIB has fueled recent gains, with the coin up 12% in a day and 44% in a week.
💎 Key Takeaway:
This is a diamond bullet example of how small investments in cryptocurrency can turn into massive returns. While not every coin performs this way, Shiba Inu shows that early investments in meme coins can yield incredible rewards.
💎 SHIB Price Action:
52-week range: $0.000006688 to $0.00004534
As Shiba Inu continues to innovate, optimism is growing for this meme coin’s next big move. 🚀
#ShibaInu #SHIB #MemeCoins

Shiba Inu (SHIB) has once again captured the spotlight, with trading volume soaring by 43.6% over the past week. Bullish investor confidence is driving the token higher as SHIB inches closer to key price levels. At the same time, the presale of AI-powered dating token GoodEgg (GEGG) is quickly approaching its target, with 3.8 billion tokens already sold.

GoodEgg (GEGG) Gains Momentum

While Shiba Inu (SHIB) enjoys its resurgence, another token is quietly gaining momentum. GoodEgg (GEGG), a Play-to-Date AI-powered social token, has seen tremendous success in its presale, with 79% of its tokens already sold. The token’s innovative platform, which rewards users for social engagement, has attracted significant interest from the crypto community, particularly SHIB investors looking for the next big opportunity.

GoodEgg’s presale has raised over $668,000, and investors are eager to get in on the ground floor before the token’s official listing. With SHIB trading volume soaring, many investors are also diversifying into GoodEgg, recognizing the potential for strong returns in this AI-driven platform.

Why SHIB Investors Are Interested in GEGG

The memecoin market has long been dominated by Dogecoin (DOGE) and Shiba Inu (SHIB), but the rise of tokens like GoodEgg (GEGG) is changing the landscape. GoodEgg’s AI-powered dating platform offers a unique twist on the traditional memecoin model, combining social interaction with financial rewards. This innovative approach has drawn the attention of SHIB investors, who are looking to diversify their portfolios and explore new opportunities in the evolving crypto space.

The growing interest in GoodEgg (GEGG) from SHIB investors is a testament to the token’s potential. As Shiba Inu (SHIB) continues to make headlines with its stablecoin announcement and rising trading volume, GoodEgg’s steady rise in the presale indicates that investors are looking for tokens that offer both innovation and long-term potential.

Shiba Inu (SHIB) on the Rise

Shiba Inu (SHIB) has had a strong run over the past few weeks, with the token now trading just below the $0.00002 mark. Investor sentiment around SHIB has improved significantly, especially with the recent announcement of the SHI stablecoin, designed to enhance the Shibarium network. This new development is expected to strengthen SHIB’s position in the DeFi space, offering more stability and utility within the ecosystem.

The introduction of SHI is a game-changer for the Shiba Inu ecosystem. By providing a stablecoin pegged at $0.01, SHI will offer users a reliable asset for transactions, lending, borrowing, and yield farming. This stable value will be crucial in reducing price volatility and facilitating more secure, predictable transactions within the Shibarium network.

Looking Ahead

With Shiba Inu (SHIB) trading volume up 43.6% and GoodEgg (GEGG) nearing the completion of its presale, the future looks bright for both tokens. SHIB’s introduction of the SHI stablecoin is expected to strengthen its position in the DeFi space, while GoodEgg’s innovative Play-to-Date model continues to attract attention from investors across the crypto spectrum.

As the memecoin market evolves, tokens like Shiba Inu and GoodEgg are paving the way for the next generation of innovative, utility-driven projects. Investors are increasingly seeking out opportunities that offer more than just speculative gains, and both SHIB and GEGG are well-positioned to lead the charge.

Join GoodEgg (GEGG) For More Information On Presale, Use links below to join our community: 

 

Visit GoodEgg (GEGG)

 

Telegram: https://t.me/GEGG_OFFICIAL

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Shiba Inu (SHIB) is considering making a move similar to Dogecoin's (DOGE) astronomical gain during the 2021 bull market, which propelled DOGE to the position of leading meme cryptocurrency.

It seems like SHIB could be about to have a big breakout if its present cycle is any indication of what DOGE's price movement has been like in the past. In a post on TradingView on September 26, crypto trading specialist Trading Shot noted that Shiba Inu just broke above its 50-week moving average (MA50) after many months of consolidation, which suggests that SHIB might follow in the footsteps of the leading meme currency.

With support from its long-term 200-week moving average, the cryptocurrency is vying with the upper limit of a seven-month bearish channel, which is a crucial resistance point.

This falling channel was also recognized by the expert as a "bull flag," a pattern that often precedes strong rallies. The technological setup may put SHIB up for a huge price spike, similar to Dogecoin's run from 2018 to 2021.

The researcher looked at DOGE's performance from 2018 to 2021, a time frame that shows a lot of parallels to SHIB, in order to compare the two meme currencies. Looking back at Dogecoin's price action in 2018, we can see that it reached a peak, then fell, creating a downward channel and a bullish one-week golden cross. This occurred when the 50-week moving average crossed over the 200-week moving average. To set off Dogecoin's meteoric rise, this configuration was key.

The Shiba Inu, in contrast, seems to be modelling a comparable shape. After reaching its peak in October 2021, the token also started a declining trend. Specifically, a one-week golden cross has just developed on SHIB. As a result, SHIB may be preparing for a meteoric surge in the next months if market emotions are correlating.

Not only did technical indications and overall market mood contribute to DOGE's surge, but so were endorsements from famous people. Elon Musk, CEO of Tesla (NASDAQ: TSLA), was a major factor in the surge, as his mentions to the meme currency in his X postings caused significant purchasing pressure.

Since Dogecoin often trades in line with the market as a whole, Musk's recent mentions of the token don't seem to have much of an effect. It would be fascinating to see whether SHIB is going to depend entirely on technical indicators and general market sentiment.

SHIB's upcoming all-time peak
Even the Fibonacci retracement lend credence to this optimistic prediction. The professional has noted that SHIB is still inexpensive as it is trading below the 0.5 Fibonacci retracement line. Specifically, the experts predict that the token's price might reach $0.00035—the 1.5 Fibonacci extension—if the present underlying optimistic feelings are sustained.

And another well-known crypto expert, Alan Santana, thinks SHIB will go up in value in the next several months. He noted that SHIB's price is leveling out after a steep decline from the end of 2022 to the middle of 2023, suggesting that gains may be on the horizon.

Potential increases for the meme currency, according to him, might be as high as 1,111%, 654%, 205%, and 101%. Consequently, the expert said that by the conclusion of the year 2024's fourth quarter, investors may expect a new all-time high.

Graph analyzing the SHIB pricing. Alan Santana of TradingView is the source.
Not only does technical analysis point to an impending price increase, but word of a possible stablecoin on the network is also resonating with the Shiba Inu community. According to Finbold, 'Lucie,' the marketing head for SHIB, hinted that the Shibarium ecosystem would soon have a stablecoin.

Although we still don't know when SHIB will begin, the revelation caused a massive influx of cash, and the value of the cryptocurrency soared to $1 billion in only one day. Increasing SHIB's liquidity in this way might lead to a price increase.

#SHIB #DOGE #BinanceLaunchpoolHMSTR BTCPredictedNewATH $SHIB
$DOGE

Shiba Inu has recently gone through an extremely strong rebound particularly when examined using IntoTheBlock's In/Out of the Money indicator. With the help of this metric, investors can determine how many tokens are currently profitable at any given price point, providing important context for understanding the mood of the market.

Recent data indicates a significant reversal in the percentage of profitable SHIB tokens, indicating a change in momentum. Approximately 56% of SHIB holders are profitable as of the current analysis, with only 42% being out of the money. Shiba Inu may be going into a more bullish phase as a result of this turn in the market's fortunes. Given that it tends to boost investor confidence and participation, this trend is crucial.

SHIB/USDT Chart by TradingView

A positive feedback loop that could drive up the price can occur when a greater percentage of holders are making money off of the asset, making it more appealing to both new and existing investors. A bullish outlook for Shiba Inu is further supported by additional on-chain data in addition to the positive signals from the In/Out of the Money metric.

card

There has been an increase in large transactions (above $100,000), which suggests that whales or institutional investors are becoming more interested. As big players like to accumulate during market upswings, this can frequently be a sign of more price action to come.

Shiba Inu's price has already seen a significant increase, but these on-chain metrics imply that the rally might not be finished. SHIB may reach new highs in the upcoming weeks as a result of a rise in large transactions, an increase in holders who are profiting and an increase in market confidence.

The recent cryptocurrency surge, led by Shiba Inu (SHIB), has captured the attention of investors worldwide. Shiba Inu (SHIB)'s impressive 20% rise in the last 24 hours has brought it back to levels unseen since mid-June. This spike has been accompanied by intriguing whale activity and speculation regarding the future of AI-based cryptocurrencies like GoodEgg (GEGG), which is quickly gaining momentum.

AI-Driven GoodEgg (GEGG) Captures Attention

As Shiba Inu (SHIB) regains its footing, another rising star is emerging: GoodEgg (GEGG), a revolutionary AI-powered social dating memecoin. Amid the flurry of SHIB whale activity, one notable transaction saw $100K worth of SHIB converted into GoodEgg (GEGG) tokens, raising eyebrows across the cryptocurrency community. This move has fueled speculation that institutional investors or seasoned traders are betting big on GoodEgg (GEGG) as the next breakout star in the memecoin market.

GoodEgg’s (GEGG) presale is already 79% complete, having raised $647K in investments. The token is positioned as a game-changer, combining the allure of AI technology with the meme culture that has made coins like Shiba Inu (SHIB) and Dogecoin famous. Analysts predict that GoodEgg (GEGG) could experience a meteoric rise similar to the early days of Dogecoin and SHIB.

Shiba Inu's Rally: A Year of Resilience

Shiba Inu (SHIB) has had a remarkable year-to-date performance, with an 85% gain since the start of 2024. This rally has put SHIB ahead of major cryptocurrencies like Bitcoin (BTC) and Dogecoin (DOGE), both of which also benefited from the broader market resurgence triggered by the Federal Reserve's first interest rate cut in over four years.

A year ago, Shiba Inu (SHIB) was priced at a mere $0.000007256, during one of the darkest periods of the crypto bear market. An investment of $1,000 back then would have purchased 137,816,979 SHIB tokens, which are now worth $2,621.27, marking a 162% return. In comparison, similar investments in Bitcoin and Dogecoin would have returned 148% and 103%, respectively. SHIB has outpaced many of its competitors, driven by its active community and strategic developments within the ecosystem.

Whale Activity Sparks Speculation

Recently, a major Shiba Inu (SHIB) whale moved 241 million SHIB tokens, sparking rumors of litigation or institutional restructuring. Whale movements in the crypto market often indicate upcoming events, such as strategic shifts, partnerships, or even legal issues. This particular move, however, has fueled more buzz about SHIB's stability and its long-term outlook, especially as the broader market anticipates further interest rate cuts and a bullish run in decentralized finance (DeFi) assets.

What Lies Ahead for SHIB and GEGG

Shiba Inu’s (SHIB) remarkable recovery in 2024 suggests that the token could have significant upside potential, especially if whale activity continues to indicate strong market interest. SHIB has shown resilience in the face of volatility, and its ecosystem, including the highly anticipated SHI stablecoin, could push its value even higher in the long term.

On the other hand, GoodEgg (GEGG) presents a new frontier in the memecoin market. The AI-driven dating concept is unique and has captured the interest of both retail investors and large whales. With its presale nearing completion and growing institutional interest, GEGG could become the next big thing in cryptocurrency, potentially reaching new highs in 2024 and beyond.

Join GoodEgg (GEGG) For More Information On Presale, Use links below to join our community: 

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Shiba Inu (SHIB) and Pepe Coin (PEPE) are witnessing notable declines as large holders, or whales, cash out their positions. SHIB has seen increased selling pressure, while PEPE has been stuck in sideways trading. These developments come as investors turn their focus to Rexas Finance (RXS), a new competitor currently priced at $0.05 per token and gaining attention in the crypto market.

Shiba Inu Sees Bearish Trends

SHIB has been under short-term bearish pressure, with recent metrics showing signs of a price correction. The 30-day Market Value to Realized Value (MVRV) ratio spiked positively in August, followed by a sharp 12% drop.

Additionally, dormant circulation saw a noticeable increase on September 20, indicating distribution across the network. Despite an initial rise in open interest and bullish sentiment, SHIB’s funding rate has dropped, suggesting that long positions are losing favor, and a sell-off may be on the horizon.

Pepe Coin Faces Stagnation

PEPE is struggling to gain momentum, trading in a tight range since early August. The meme coin has faced resistance at $0.000008 and found support at $0.000007, leading to a period of decreased volatility. This reduced activity is confirmed by the contraction of the Bollinger Bands, indicating lower price fluctuations.

Moreover, frequent crossovers between the Moving Average Convergence Divergence (MACD) line and the signal line reflect a consolidation phase, with neither buyers or sellers in full control of the market.

Rexas Finance Offers New Opportunities

As SHIB and PEPE lose steam, attention shifts to Rexas Finance (RXS), a project revolutionizing asset tokenization. RXS allows users to tokenize real-world assets like real estate and gold, enabling full or fractional ownership with a single click.

The total supply of RXS tokens stands at 1 billion, with 42.5% allocated for presale. Currently, the token is in stage 3 of its presale, priced at $0.05, having raised $1.25 million in earlier stages. Early investors in stage three are expected to see a 4x return upon launch.

Rexas Finance Innovative Features

Rexas Finance simplifies the process of tokenizing real-world assets through its token builder tool, allowing users to convert their physical properties into digital assets. This opens doors for asset owners worldwide to raise funds and trade their assets globally.

The Rexas launchpad offers a platform for users to raise capital for their tokenized assets, creating a decentralized marketplace for asset trading without intermediaries.

Rexas Finance is bridging the gap between real-world assets and blockchain technology. With features like the Rexas Quickmint Bot, GenAI, and AI Shield, the platform offers users advanced tools to streamline the tokenization process and ensure security. As more assets become tokenized, the potential for growth in the crypto market expands, with Rexas positioned to lead this revolution.

RXS Presale and Millionaire Giveaway

The RXS presale is moving quickly, with 58.24% of tokens sold in stage 3. Rexas Finance sold out stage 2 in under a week, raising $1.25 million. To boost investor interest, Rexas is running a $1 million giveaway, with 20 winners each receiving $50,000 in USDT. Participants must complete a set of tasks, including submitting their ERC20 wallet address and referring friends, to increase their chances of winning.

Final Thoughts: Expanding Access to Real Estate Investment

Rexas Finance is changing how people invest in real estate. Through blockchain technology, investors can now purchase fractional ownership of properties from anywhere in the world, whether it’s a luxury apartment in New York or a commercial building in Tokyo.

This innovation lowers barriers to entry and enhances liquidity, offering opportunities for investors with smaller budgets to diversify their portfolios. Developers can also benefit by raising capital through tokenization rather than relying on traditional financing methods.

The rise of Rexas Finance marks a shift in the crypto market. While SHIB and PEPE struggle, RXS is gaining momentum. Investors looking for a project with real-world applications and growth potential are turning to Rexas, with the presale offering a unique opportunity for early participation.

For more information about Rexas Finance (RXS) visit the links below:

Website – Whitepaper – Twitter/X – Telegram – Win $1 Million Giveaway

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The post Shiba Inu (SHIB), Pepe Coin (PEPE) Take a Dive as Whales Cash Out, Attention Shifts to New cheap $0.05 Altcoin appeared first on CaptainAltcoin.

Shiba Inu (SHIB) traded subdued on Thursday amid a quiet broader crypto market. However, despite a notable decline from its March peak of around $0.000045, SHIB has demonstrated resilience.

Currently priced at $0.00001951 after a massive 33.19% surge over the past 7 days, the second largest meme token is positioned at a crucial support level, an area that sparked the February-March mini-bull run this year.

That said, amid SHIB’s current price stagnation, “LUCIE,” the lead marketing strategist for the Shiba Inu ecosystem, has ignited curiosity within the SHIB community with a cryptic but optimistic forecast.

In a tweet on Sep. 11, LUCIE expressed hope for a significant surge in SHIB’s price this October, drawing from historical trends. Notably, the tweet playfully referenced common terms used by the crypto community to describe the general “crypto mood” for different months. 

“Some people don’t know this based on past experiences of certain traders… ‘Uptober – When October brings the long-awaited pump.” The pundit wrote.

LUCIE also provided a broader perspective on market cycles, suggesting that while September, referred to as “Rektember,” often brings challenges and portfolio setbacks, October might offer a significant rebound. The strategist further speculated that December, dubbed “Pumpcember,” could bring an end-of-year rally, adding a festive boost to prices.

Notably, “Uptober” is a crypto colloquialism suggesting that October could bring a notable price increase, a notion supported by past performance patterns. Examining SHIB’s performance in recent years, the fourth quarters of 2021, 2022, and 2023 have shown varied outcomes.

In Q4 2021, SHIB saw a dramatic surge of about 1,200% to an all-time high of $0.000088 in November before correcting to around $0.000035 by December. In contrast, Q4 2022 and 2023 saw a less volatile trend, with minor decreases and slight increases, respectively, indicating a more stable but less explosive pattern than the previous year.

Looking ahead, analysts are optimistic about SHIB’s potential. According to a recent analysis from analyst “Investing Haven,” the token’s chart suggests a significant move from October until mid-2025.

“Is SHIB Forming a Bottom? Despite a 50% drop, SHIB is stabilizing near $0.0000111 support. If these levels hold, October could bring a bullish reversal.” The analyst noted.  “SHIB Critical October Triangle Setup The triangle formation in Shiba Inu chart will likely resolve in October… The chart is telling the real story—keep an eye on it.”

Elsewhere, analyst “Charting Guy” compared SHIB’s chart to that of DOGE, noting similarities that suggest a potential the explosive wave 3 after finding finding support at the 0.236 Fibonacci level which coincides with the $0.0000111 support.

[SHIB has been rejected] off golden pocket, and now finding support on 0.236 CLASSIC wave 1 & 2. Now, we are loading up for the explosive wave 3 that should take out All-time Highs (ATHs) on both of these coins,” the pundit wrote.

The crypto world is abuzz due to a rather shocking announcement made by a SHIB whale, which not so long ago, was noticed by veteran members of the Shibu Inu community. Now that the whale has closed his SHIB position, he remains active – only this time, he is investing in Rexas Finance (RXS). Why? The reason he has in mind is that Rexas Finance is poised to outdo Shiba Inu (SHIB) in terms of valuation, functionality, and even market share. He claims that by 2025, Rexas Finance will displace SHIB from the top 15 cryptos. Quite interesting, I must say. Let us take a closer look and find out what is behind this astonishing and sudden change in attitude and why Rexas Finance is making waves amongst crypto fans all over the world.

Why the SHIB Whale Jumped Ship

To appreciate the whale’s movement, we need to explore what has been going on with the Shiba Inu. In the last month, SHIB seems to have been falling in value even more, losing 20.93% of value. Although SHIB has many followers publicly known due to its meme culture, it has come under fire for having no real purpose leading to price instability. However, as it stands now, such a decline indicates a bigger problem: in the absence of real-life use cases, SHIB is very hard to keep afloat even in the cryptocurrency markets. The whale guardian thinks that the future of the crypto world is in the projects that can bring real benefits to the people and this is why Rexas Finance excels.

Presenting Rexas Finance (RXS): The Real Thing

Shiba Inu is simply hype, but Rexas Finance is based on the concept of RWA tokens that are not just for bragging. This means that one can own a piece of property like real estate, in any part of the world. What if I tell you I can even own a share in one of the luxurious apartments in New York City? With Rexas Finance all this can be bought with a few clicks. Buy an amount as low as $1,300 or as high as you can to enjoy the convenience availed by Rexas Finance whether low, medium, or high investment appetite. And that is not all, activities do not end with real estate – Rexas Finance also works with commodities, collectibles, and artwork. The latter RWAs bring real value behind the RXS making it go beyond just another kissing the trend polarisation. This is a real investment in physical goods that appreciate over time.

Rexas Finance Presale Saw Over 70% Appreciation.

It is unmistakable that Rexas Finance is progressing further. The token has already increased by 70 % during the pre-sale within a very short space of time. Presale stage 1 started at $0.030, stage 2 began at $0.040, and stage 3 is being sold at $0.050. Given the enthusiasm, more expansions are expected despite the official commencement of the marketing strategies. After Rexas Finance goes to exchanges, it will be listed at $0.20, which is a 300% rise in value compared to the current price of $0.050. Such growth brings about immense opportunities for Rexas Finance to create wealth for its initial investors. This is in stark contrast with SHIB considered very popular but has failed to show similar usefulness or potential for growth recently.

The Reasons Why Rexas Finance (SHIB) Might Replace SHIB

As most in the industry have come to accept, meme coins are preferable for the economy but there is a bet that real utility will win in the end. While the Shiba Inu community is still present, the SHIB whale thinks that there is something that SHIB does not have, which is Rexas Finance: the meaning and the application in the world. The possibility of owning piecemeal ownership of commoditized fine arts or real estate gives RXS a fundamental worth that SHIB lacks. What is more, Rexas Finance is not going to just sit and do the tokenization. The roadmap of the project presupposes the creation of a token builder and launchpad, thus making this platform an all-encompassing center for the launching of novel projects into the cryptocurrency domain in pursuit of funding. This gives RXS even more utility and positions it as a game-changer in the RWA space.

Conclusion: There It Is, The Whale of A Future.

The SHIB whale moving to Rexas Finance is proof that utility is the king in the crypto world. Unlike other speculative tokens, Rexas Finance concentrates on solving the actual problems of tokenization of Real World Assets. This is a mid-low tier-caps token that has great growth potential. Bearing in mind how much of a climb Meme coins will have over Rexas Finance as it transitions from its presale stages, exchange listings, and lastly having a significant role in managing assets, it appears that coins like SHIB will be eclipsed from the top 15 cryptos by RXS. And if that whale is correct, the people who are early in Rexas Finance are in for a pleasant surprise of having a mediocre crypto that is not just in the market for its ridiculous quotes but these equities are supporting tangibles. Well, will Rexas Finance be bigger than Shiba Inu? This is what the smart money pushes.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.

Shiba Inu, one of the biggest meme coins, has ended up among the worst-performing tokens over the past 24 hours after losing more than 3%, according to CoinGecko data.

It is in the red together with some other tokens of the likes of Celestia (TIA), VeChain (VET), Quant (QNT) and Monero (XMR).

However, Shiba Inu holders should not fret about this unfortunate price drop. The recent price decline is most likely a healthy correction. Some of the holders of the second-largest meme coin decided to take profit following a substantial rally experienced by the second-largest cryptocurrency.

On the seven-day time frame, Shiba Inu is actually one of the-best performing cryptocurrency tokens after adding an impressive 34%. In fact, it was ahead of the entire top 100 on Friday because of its surprise rally. Despite the recent drop, it is still the biggest gainer during this week, lagging behind only some of its rival meme coins. Pepe (37%) and dogwifhat (34.1%) are leading the pack.

Meme coin leaders

Meanwhile, Dogecoin, Shiba Inu’s archrival, has surged by more than 4% over the past 24 hours. It has now stolen SHIB’s luster, becoming the second best-performing cryptocurrency in the top 100.

Bonk (BONK) is in the first place with a 4% spike over the past 24 hours.

Ripple-affiliated cryptocurrency XRP is also in the top 3 with a 3.2% price increase.

Notably, Pepe (PEPE) and Solana-based dogwifhat (WIF) are up by more than 2%.