Shiba Inu consumption rate has skyrocketed, with 620 million SHIB consumed in one week. What will happen next?
The weekly Shiba Inu destruction rate rose 450%, with 624 million tokens destroyed. Market observers are watching for a parabolic rise in SHIB prices in the future.
Amid a highly bullish market, SHIB, a famous dog-themed meme cryptocurrency, continues to steal the spotlight, with a sharp spike in Shiba Inu burn rates on Saturday further solidifying market optimism. Recent statistics indicate that the coin’s weekly burn rate has surged by nearly 450% after more than 600 million meme tokens were destroyed in the past seven days. In turn, as the entire industry remains highly bullish in the fourth quarter, cryptocurrency market enthusiasts are speculating whether a parabolic bull run is in the future.
Key points: 1. XRP has performed strongly recently, mainly because Ripple's CEO met with Trump this week. 2. Musk released news at 2:09, boosting the market sentiment of Dogecoin. 3. CZ and Vitalik jointly promoted the DeSci track, which may contain new opportunities and is worth paying attention to. 4. Floki is about to be listed on Coinbase, driving the price of the currency up sharply. 5. ACH announced a partnership with Samsung to innovate in the payment field, which is worth further observation. 6. ASI_Alliance plans to develop an "earn and destroy" mechanism for FET tokens, which has aroused market interest. 7. Bitcoin spot ETF has experienced capital outflows for two consecutive days. 8. The average return rate of the Meme coin track in the past 30 days has reached 103%, which is more than six times the average return rate of the overall crypto market.
I noticed that many value projects, such as LTC, IOTX, IO, etc., have recently transformed into the Meme coin field, and even well-known institutions such as Animoca have begun to issue Meme coins. This shows that the market sentiment has excessive FOMO phenomenon, and a large number of "scythe hands" have come out to harvest, resulting in a shortage of "leeks" in the market. From the perspective of market sentiment, this round of rise is mainly stimulated by Trump's victory in the election. There is still some time before Trump officially takes office. In the absence of new market driving factors, FOMO sentiment is bound to gradually decline, which is an inevitable trend. It is recommended that spot holdings with good profit margins can be gradually reduced in batches. After all, the greedy sentiment in the market has continued to rise recently. The rise of Meme coins is mainly driven by FOMO sentiment. As long as the heat continues, liquidity will continue to flow in. Although there is no lack of manipulation by wild dealers, the main force is still the active participation of retail investors.
The strategy during the bull market is as follows: 1. **Clear pull signal**: When the market gives a clear pull signal, enter the market decisively, don't worry about missing out, the stronger the currency, the more potential it has, buy early and benefit early. 2. **Prioritize emerging currencies**: Compared with the "old projects" on the Binance platform, the market shows stronger speculation on emerging "dog" currencies, and such currencies often have higher growth potential. 3. **Focus on Binance's new projects**: Binance's recently launched projects may be its "self-rescue" measures. The platform needs to pull the market to promote the development of these new projects. Such projects deserve close attention. 4. **Market trend analysis**: BTC continues to run strongly above the 5-day moving average, and there is no sign of breaking, which indicates that the market is still in the rising stage. The current decline of altcoins is large, but with the possible sideways consolidation of BTC, altcoins are expected to complete the bottoming in the short term (about 1 day) and rise together in the next 2~3 days. This approach reminds investors to keep up with market trends and remain flexible in order to seize profit opportunities in a bull market.
Q&A: MASK: There is no big problem at present, and the increase is limited. As long as the daily Vegas channel remains intact, you can continue to hold.
RENDER, DAR, GMT: RENDER: There is support near 5.5, and it is in a consolidation stage overall. DAR and GMT: As game sector currencies, they are still in the bottom area and follow the trend of the market. They belong to old game concepts. If you consider long-term investment, it is recommended to choose newer or more potential currencies.
PEOPLE and PEPE: PEOPLE: You can enter the market near 54. PEPE: It is recommended to build a first position in the 14-15 range, and you can cover your position if it drops to the 12-11 range.
CVC: There is currently support near 0.11. If it does not break the support, you can continue to hold it. If it falls below, you should stop loss to keep your position flexible.
FET and AI sectors: Long-term bullish. The AI field will run through the entire bull market, similar to MEME, and has long-term attention value.
PYTH: It is suitable to build a position around 0.38. It is a oracle project of the SOL ecosystem. The chips are fully absorbed and it is suitable for patient holding.
BNB: Yesterday, there was a wave of rise due to good news. The overall increase is not large, so the callback is expected to be limited. It is not recommended to make additional operations for the time being.
In this bull market, we have reason to believe that at least two meme coins with a market value of more than 100 billion US dollars will appear. This is the basic assumption for us to achieve huge returns. If no meme coin reaches this market value in the end, our returns will naturally be affected, but even so, the result will not be too bad from hundreds of times of returns to dozens of times of returns. The question is, which meme coin will stand out and reach a market value of 100 billion? We cannot predict this. Therefore, our strategy should be: comprehensively deploy all meme coins and try not to miss any opportunity.
Summary of key points in the morning: 1. Glassnode analysts pointed out that Bitcoin may be about to usher in a major correction. It is recommended to reduce one-third of the position when making profits to take it back at a low level, emphasizing risk control, "you can't make all the money, but you can lose all the money." 2. The US spot Bitcoin ETF has had net inflows for 6 consecutive days, with a total amount of US$514.43 million. 3. The fear and greed index of cryptocurrencies has climbed to 88. The market is in an extremely greedy state, which is both a risk and an opportunity. Investors are reminded to reduce positions and control risks in a timely manner. 4. Tether has issued an additional $5 billion USDT in the past 5 days. The market liquidity is sufficient, and the main force has enough funds to pull the market at any time. 5. Whenever Bitcoin enters a correction or shock period, it is often the time for the rotation of altcoins to rise. At present, multiple sectors are rotating, and seizing the opportunity when it starts within 15 minutes is the key. 6. Nvidia will release its financial report next week, which is expected to drive the activity of the AI sector. It is recommended to ambush FET, WLD, ARKM and RNDR in advance. 7. Google search data shows that Bitcoin ranks first in popularity, with a large number of new investors entering the market. The bull market is still continuing, so do not short sell blindly.
Q&A DOGE The rise has been large in the short term, and it is expected that a shock center will form next. Short-term support lies in the $0.32-$0.34 range. ACT and PUNT support ACT has support at $0.78-$0.8. Support for PUNT is near $1.9. Will ACT hit $1? On track to break $1, no big problem. Does PEPE still have room to rise? PEPE has reached a record high. According to the current trend, it is expected to hit the top ten in market capitalization and has great potential. Are SHIB and TON suitable to buy? SHIB has pulled out a significant positive line, and it is currently in the range of $22-23, so you can consider buying it. TON is still at the bottom, and the current price is relatively ideal. Such currencies can wait patiently for the market to start as a whole.
Meme coins that have not yet risen sharply include: 1. **PEOPLE**: After a half-year-long wash, it has accumulated sufficient momentum and may usher in a new round of rise at any time. 2. **NEIRO**: As a continuation of the DOGE concept, the current market heat is high and it is worth planning in advance. 3. **1MBABYDOGE**: The technical trend is good. Since it was listed on Binance in September, it has shown signs before the outbreak, which is suitable for ambush and waiting for opportunities. Summary: The above three meme coins are expected to have at least double the potential. The current meme market heat is comparable to the inscription craze at the end of last year!
This round of meme market may experience a phased correction, but it is far from over. The following are two objective factors and one subjective judgment: 1. The climax of the altcoin season has not yet arrived. The real peak of the meme season will appear when all altcoins on the exchange rise comprehensively, and ETH and SOL have not yet reached a new high. 2. There is no iconic new meme with a market value of 40 to 50 billion like the last round of SHIB, which shows that there is still a lot of room. Binance has supported memes for less than two months since it promoted NEIRO. In this round of cycle, memes have become the main theme of the market, and I firmly believe that there will be a strong meme that surpasses the last round of SHIB. 3. From a subjective observation, the crypto venture capital (crypto VC) friends around me are still studying how to enter the meme market, and few have really entered the market. Few traditional venture capital (VC) friends ask questions about memes, and most of them only care about whether BTC, ETH, and SOL are worth buying. Recalling the peak of the last round of NFTs, all traditional VCs and financial advisors (FAs) were talking about the potential changes that Opensea and NFTs would bring to the world, indicating that the real FOMO (fear of missing out) of institutions and retail investors is far from coming.
Q&A ordi Currently, it is the Bitcoin vampire altcoin. This is the big fluctuation shock before the big market comes. Support 35-32 dogs Wait for the daily line to come out for this coin. I will not touch this coin again. degen Pay attention to the support near 0.014. It is currently rising and then falling back Pepe's entry position Now it has reached the five-day line. Let's see if it can hold up. The next position is between 0.00001 and 0.000011 bome is a bit weak. Can it go up now? I want to enter a first position. There will be data in the evening. If it goes down further, you can take a look at around 0.0083 Can DOGE still be bought? Doge0.25-0.28 can be connected Ens has reached the replenishment position. Do you still replenish it? If you are long-term, you can cover your position at 16-14. Now Bitcoin is fluctuating at a high level, and the liquidity of the altcoin is withdrawing. The leveraged contracts are being washed out. Only then will the funds in Bitcoin gradually flow back to the altcoins to buy the bottom. The volatility of the bull market is getting bigger, which is a normal wash before the start. There is no problem with the spot. Turbo If you want to buy here, you can buy a little on the left side. The next one is around 0.0073.
Four projects worth watching on the Solana chain today: 1. **$banana**: It has been mentioned many times before. After quadrupling, I stopped paying attention to it. I found that it rose sharply this morning. Luce bought it at 35m, and then broke through the market value of 100 million, which strengthened my confidence again. The IP of this project has a very meme-like quality in the Musk system, and it is expected to have long-term potential, especially similar to $ban, which is close to breaking 100 million. The short-term goal can be 50m. 2. **$doge**: The earliest doge project on the Sol chain, starting with "GWEN". Previously, the fomo rose to 2m, proving its potential and having the concept of "archaeology". The current price has been adjusted a lot. If the price is stable, it can be regarded as a lottery-style speculative opportunity. 3. **$dtf**: A meme project supported by traditional financial practitioners, currently stable at 5m. Meme projects that are stable overnight often have certain potential and are worth paying close attention to. 4. **$aika**: Issued by an artist officially followed by Solana, it focuses on the concept of "art + AI". Focusing on its support strength in the 2-3m range, the artist has shown sustained effort and the potential of the project cannot be underestimated.
In this round of market trends, the market capitalization potential of altcoins is worth paying attention to. In the last bull market, the pump-and-dump model centered around public chains often saw the market capitalization of VC (Venture Capital) tokens benchmarked against that of public chains. For example, when the market capitalization of a public chain reached $30 billion, the VC tokens could reach around $3 billion. This time, meme coins have led the market, especially with Dogecoin (DOGE) in a dominant position. Currently, the market capitalization of DOGE has reached $50 billion. It can be inferred that other meme-type tokens will reference DOGE, with market expectations that their market capitalization can at least hit $5 billion or higher. As the market capitalization of DOGE continues to rise, the anchor prices of other small-cap meme coins will also be raised accordingly, driving the overall market capitalization growth of the sector.
Today's market is summarized as follows: 1. Today, DOGE undoubtedly led the rise, driving the rise of a number of old and Mesozoic ecological currencies, such as SHIB, BONK and PEPE. 2. The popularity of sub-ecology and emerging ecology is full, and the increase and trading volume are not inferior, even exceeding the Mesozoic ecological currency. 3. At present, it is not fully recognized that the AI agent ecology has been formally established, but the good performance of BAN and LUCE shows its potential, which is not inferior to AI meme. Therefore, this trend can be regarded as the climax season of Solana's various sub-tracks and leading meme currencies. 4. The main track of the current market is undoubtedly the meme track. 5. The launch of the AI sector may be related to Nvidia's financial report, but in this round of market, the performance of the track/application is obviously lagging behind, and the real winners are those investors who focus on meme coins. Subsequent trend analysis: 1. When the trend unfolds, the best strategy is to follow the trend, rather than judging by market value alone. The total market value of meme coins is currently $123 billion, equivalent to the market value of two DOGE, so there is still room for growth. 2. If you don’t hold enough meme coins at present, don’t worry, there will still be other opportunities in the future. 3. If you fail to make a profit in this round of market, you might as well relax and enjoy life.
Q&A DYDX: As a decentralized derivatives exchange token, it is currently trying to break through the Vegas channel. If it can stabilize and break through, an upward trend is expected. So far, this token has not performed outstandingly in this bull market, but has significant potential for future growth. Neiro: Currently still consolidating within the bottom range, with price fluctuations and no obvious breakout signals yet. Pyth, Pendle, Render, Bome: Pyth: The accumulation situation is good, it is a quality asset within the Solana ecosystem, with potential development advantages. Pendle: An Ethereum series token, it has performed strongly in this round and is a token with strong control by the whales, having significant growth potential. Render: The current risk-reward ratio is low, with relatively high risk. Bome: It may require a longer consolidation period, but there is significant upward potential in the future. Myro, Turbo: Myro: It has approached the daily Vegas channel, and if it can break through this area, it may initiate an upward trend. Turbo: The overall situation is good, and it can be considered a potential asset.
In the current market, the correct strategy for buying BTC and DOGE is to carefully select the timing of entry, as follows: 1. **Buying Strategy**: - **Buy on Dips**: Buy when the price has not broken below the selected trend channel, prioritizing those core channel supports. - **Buy on Consolidation**: Buy when the moving averages start to converge and form a consolidation during the selected period. - **Buy on Pullbacks**: After a slight rise with a small bullish candle, buy when the price retraces on lower volume and reaches a reasonable risk-reward ratio. 2. **Situations to Avoid Buying**: - **Do Not Buy Large Bullish Candles**: Do not chase high prices when a single large bullish candle appears, the price has risen excessively, or when the price is too far from the platform support. Summary: When purchasing cryptocurrencies, one should carefully select entry points based on market patterns and patiently wait for suitable opportunities. Understanding these strategies will make investing more relaxed.
The season of altcoins officially kicks off, BTC's market capitalization share declines, institutions buy BTC, while retail investors begin to flood into the altcoin market. Several key points to judge altcoin opportunities are as follows: 1. **Team Strength**: Whether the project has strong backing is the primary consideration. For example, $DOGE, which has a strong supporter like Musk behind it, is an important driving force for its price surge. 2. **Project Team Performance**: Whether the project team is actively promoting the project, can tell an engaging story, and possesses strong narrative and marketing capabilities, while also paying attention to community activity and sentiment to gauge the project's potential popularity. 3. **Market Capitalization and Valuation Analysis**: Compare with leading projects in the same field to determine if there is an undervaluation phenomenon, pay attention to recent changes in trading volume, and it is recommended to choose projects with daily trading volumes exceeding 10 million USD. 4. **Token Economic Model**: Prioritize tokens with low inflation rates that have basically completed their unlocking period, avoiding the purchase of tokens with high inflation and those that are undergoing large-scale unlocks.
The reasons for the popularity of Meme coins are summarized as follows: 1. **Throughout the Bull Market Cycle**: During this bull market, Meme coins have continuously led the trend, replicating the wealth migration path of DeFi across different public chains seen in the last bull market, from Solana to Sui, and now to Ethereum, with smart capital also migrating along with the development on the chains. 2. **Extension of the Bitcoin Ecosystem**: Like last year's popular ORDI and SATS in the Bitcoin ecosystem, they can essentially also be classified under the Meme category. 3. **Change in Roles During the Bull Market**: In the previous bull market, Meme coins like DOGE and SHIB were more tools for pushing sales towards the end of the market; however, in this bull market, Meme coins have continuously created wealth from the very beginning, which is the biggest difference from previous bull markets. 4. **Capital Concentration Effect**: In this bull market, aside from ETFs and Meme coins, capital has only flowed in certain sectors (like AI and RWA), resulting in many altcoins still maintaining their prices from the last bear market. 5. **Market Prosperity Driven by Asset Issuance**: Asset issuance has driven market activity and played a role in boosting the bull market. Throughout this bull market, Meme coins have played a key role in leading the market.
The answer is simple: Buy the leaders! This round of capital distribution is relatively scattered. Unless you have significant advantages in information and technology, it is wise to choose leading coins. Leading coins have strong resistance during declines and lead the way during rebounds. Their market capitalization continues to grow, which also provides greater upward potential for other related coins.
Currently, the hot leader in the **Meme** sector is **DOGE**, seen as the driving force of this round.
In the mainstream Meme coins of the **Ethereum (ETH)** ecosystem, **PEPE** is the representative.
The leader in the **Art Concept** is **BAN**.
The leader on the **Linea** public chain is **FOXY**.
The leaders in the **Internet Celebrity Concept** are **MOODENG** and **Hippo**.
Among other Meme coins listed on exchanges, **FLOKI** and **WIF** perform slightly better than **BONK**.
These leading coins are worth prioritizing during corrections.