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Shiba Inu’s Open Interest Spikes 13%, Analyst Hints 500% Rally 30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online) Amid the ongoing challenges in the cryptocurrency landscape, an analyst has shared a bullish outlook for Shiba Inu (SHIB). In a post on X (previously Twitter), the analyst noted that SHIB is on the verge of breaking out of a massive bullish falling wedge price action pattern on a daily time frame. Shiba Inu Near Breakout This breakout could potentially lead to a significant rise of nearly 500% in the coming days. He also noted that SHIB’s bullish breakout is being confirmed by a recent bullish divergence, which could indicate an upcoming bullish breakout. However, SHIB’s last massive rally was seen in February 2024, following the approval of the spot Bitcoin Exchange Traded Fund (ETF) in the United States. Since then, it has been in continuously falling and experienced a price decline of over 70%. Despite this significant price decline over the past four months, SHIB remains the second-largest meme coin in the crypto market with a market cap of over $7.85 billion. As per the post on X, if SHIB experiences the breakout of this bullish price action pattern in the coming days, there is a high possibility it could hit the $0.000081 level. SHIB Price Analysis As of now, SHIB is trading near the $0.00000133 level and has experienced a price surge of over 1% in the last 24 hours. Meanwhile, its trading volume has dropped by 50% during the same period, suggesting lower participation from traders potentially due to the ongoing selling pressure. #SHIB #ShibaInu #Memecoins #Altcoins #Bitcoin $SHIB $DOGE $PEPE
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Investors Track PEPE Coin Movements 30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online) The meme coin PEPE captured the spotlight during May and June in the cryptocurrency market, but its sharp decline thereafter has kept it under scrutiny. Investors remain hopeful despite the downturn, expecting a potential reversal in fortunes. So, what is the current scenario surrounding PEPE coin in the market? How Much is PEPE Coin Worth? The steep fall in PEPE’s value has also affected its profitable supply. Global investors who put their money into PEPE have seen the total profit supply plummet to 72%, a low point not observed since early August and February 2024, just before BTC reached its all-time high. This six-month low profitability signifies swift and notable losses for investors. In the past two weeks, PEPE’s price has experienced significant losses, dropping from $0.00001000 to $0.000007326. According to the Global In/Out of the Money (GIOM) indicator, around 123 trillion PEPE entered into loss during this period. At the current price, the value of the affected supply stands at approximately $880 million. Investors created the largest supply by purchasing 95.7 trillion PEPE between $0.00000900 and $0.00001000. Although this supply is moving away from profitability, investors might focus on this region to potentially drive the price up again. What Will Be the Price of PEPE Coin? PEPE’s price is currently trapped within a descending wedge after failing to break out in late July. Following multiple tests of the lower trend line, the meme coin found buyers at $0.000007326. A descending wedge is typically viewed as a bullish pattern, so a breakout above the upper trend line could trigger an 80% rally. This uptrend might push PEPE’s price above the year’s high of $0.00001725. #PEPE #Pepecoin #Memecoins #Dogecoin #Altcoins $DOGE $PEPE $BTC
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Money Dries Up For Memecoins As BRETT and FLOKI Drop Nearly 40%; 30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online) Memecoins such as Brett and Floki have been bleeding profusely as market volatility is intensifying. Double-digit corrections are happening across the board causing investors to rotate capital into undervalued projects with real-world use cases, such as DeFi casino Rollblock. Brett Is Trending Downwards When Will It Breakout? The past few months have been challenging for Brett holders. Brett has been on a downward trajectory since June, with the chart showing a string of lower lows. Brett has plummeted by more than 52% since peaking at $0.181. Brett is currently priced at $0.086 and has been ranging around this mark for several days after rebounding from $0.063 last week. However, the RSI indicator has been flashing oversold and volume is steadily rising, this could mean that a move to the upside could come soon for Brett. Floki Gives 5 Months Of Gains Back To The Market, What Now? Memecoins are notoriously volatile and Floki is no exception. Floki reached an all-time high of $0.00032 in June, but it has lost more than 66% in valuation since. Right now, Floki sells for $0.00011 as the downtrend intensifies. In other news, Floki is making moves in the real world by announcing an ad campaign to raise awareness for Valhalla, Floki’s upcoming metaverse game. Despite the bearish price action, the hype around Valhalla could positively impact Floki’s valuation. #Brett #FlokiInu #Memecoins #Altcoin #LowestCPI2021 $BTC $ETH $FLOKI
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Here is why memecoins are dead in this current market cycle 30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online) Nate Geraci, the founder of the ETF Institute, attributes the current decline in memecoins to smart money moving into crypto. In a post on X (formerly Twitter), Geraci said Wall Street money has made it difficult for scams and celebrity coins to thrive like before. The comments come in light of the massive decline in the value of memecoins over the last few months. Data from CoinMarketCap shows that the memecoin market cap is down 28% in the previous 30 days, with all these major cap tokens recording double-digit drops in value. Why memecoins decline is good for crypto According to Geraci, the memecoin crash is good for long-term crypto adoption. The ETF expert described memecoins as “garbage,” echoing the general criticism of memecoins in the crypto community. He explained that the inflow of Wall Street money into crypto markets is going to “tangible assets” rather than “garbage” memecoins. In his opinion, this is the primary factor causing memecoins to struggle significantly. The Wall Street money he refers to is the inflows into spot crypto exchange-traded funds (ETFs). ETFs have enjoyed a massive inflow of funds since listing, and Geraci believes they diverted investors’ attention away from memecoins. #Memecoins #Dogecoin #ShibaInu #Pepe #Bitcoin $PEPE $BONK $SHIB
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BRICS Considers Implementing Gold-Backed Currency and Payment System 30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online) BRICS, the economic bloc consisting of Brazil, Russia, India, China, and South Africa, is reportedly considering announcing a gold-backed currency at its upcoming summit in October 2024. This move could challenge the dominance of the U.S. dollar in global trade and finance as the bloc explores alternative financial structures to reduce dependency on Western economic systems. BRICS to Explore Crypto and Blockchain for Cross-Border Settlement Such a development marks a bold step towards financial sovereignty for BRICS nations, potentially offering a more secure and reliable currency for international trade, particularly in an era of increasing economic volatility. In addition to the gold-backed currency, BRICS is reportedly exploring the use of blockchain technology and cryptocurrencies for cross-border settlements. This aligns with the bloc’s broader goal of creating a more independent financial infrastructure. Russia, in particular, has been at the forefront of these efforts, initiating steps to implement blockchain and crypto solutions for international transactions. If the bloc successfully implements a gold-backed currency and embraces blockchain for cross-border transactions, it could reshape the global financial landscape, providing a formidable alternative to the current dollar-centric system. #BRICS2024 #BRICS #US #CHINA #Bicoin $BTC $ETH $SOL
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