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Halving Dip Over, Sets Sight on $100k, But Traders Turn Their Attention To Shiba Inu and NuggetRush
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SHIB is currently the 13th largest cryptocurrency, while DOGE occupies the 10th spot. During the last several bull markets, at least one type of niche asset class within the cryptocurrency industry has grown to be a major player. The previous run that ended abruptly in 2022 consisted of NFTs and meme coins. With many experts commenting that Bitcoin and the rest of the market has already begun the new bull cycle, given the recent price explosions, the community speculates on whether there will be some new trend, or will history repeat with a certain asset class. Meme coins have already been charting massive gains, leading to substantial profits for some investors. As such, we decided to ask ChatGPT on what would transpire on that front and more importantly, whether Shiba Inu will become the largest representative of that cohort. And ChatGPT Says… After a few weeks of trailing quietly behind Bitcoin and some other altcoins, Shiba Inu went on the offensive hard in the past ten days or so. On a weekly scale, the native token of the protocol is up by 130% and tapped a multi-month peak of its own at $0.000022. As such, SHIB became the 13th largest cryptocurrency by market cap (almost $12.5 billion as of now). Dogecoin, on the other hand, the first even such token, which is currently the largest by this metric, is at the 10th spot with a market cap of just over $19 billion.#TrendingTopic #pepe #BTC #FTM @Shiba Inu @Write2Earn $BTC $SHIB
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Despite the ongoing altcoin season, Bitcoin has taken a breather while momentum builds behind meme coins primed for their characteristic volatile rallies. However, the action seems slower versus past cycles – presenting a window for savvy investors to position ahead of the real mania. With the Bitcoin halving now 8,757 blocks away, the last leg before prices historically skyrocketed, we’re firmly in the “pre-halving” rally. The top meme cryptos like Dogecoin (DOGE), Shiba Inu (SHIB), and Floki Inu (FLOKI) look poised for major jumps as the bull run keeps accelerating into 2024. #Learn2Write #Write2Learn @Shiba Inu #SHIBA_INU
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When is the Next Bitcoin Halving? The next halving is estimated to take place on April 19th, 2024. It will reduce the block reward to 3.125 BTC. This date is based on current estimates that change with every new block.
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Shiba Inu’s Rising Popularity: Shiba Inu has shown growing prominence in the memecoin market and might have a chance to overtake Dogecoin eventually. Key Influences: Factors like technological advancements, community support, and celebrity endorsements are crucial in determining SHIB’s future success. Dynamic Memecoin Market: One should keep in mind that the memecoin sector is quite unpredictable, with new contenders like Bonk Inu (BONK) and dogwifhat (WIF) gaining attention.#SHIB💥 #DOGE/USDT🌐
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