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“Shiba (SHIB) can reach ATH level with these two metrics!” #Shibarium has gained momentum in fundamental metrics despite growing slower than other layer-2 blockchains. According to UToday’s analysis, the Shibarium blockchain has seen a steady decline in the number of active transactions over the past month, but block production has remained stable. The analysis, which indicated that on-chain data has turned positive, said: “According to Shibariumscam’s data, the layer-2 protocol is approaching two million registered addresses in total. There are currently a total of 1,814,475 registered addresses, and this figure has been recorded in the 13 months since its launch.” In addition to the increasing number of registered addresses, the total number of transactions has also increased day by day. Shibariumscam data showed that the total transactions reached 418,168,377. According to the analysis, the movement in the blockchain could contribute to SHIB’s growth. The all-time high (#ATH ) is targeted for SHIB, which has increased by 2.77 percent in the last 24 hours. “$SHIB price is trading 87 percent behind ATH level,” UToday said, and concluded his sentences with the comment, “Foreseen milestones may help fill this percentage drop.” Shibarium, where adoption rates are increasing, will soon reach 420 million transactions. It is expected that more users will turn to blockchain with the end of negative trends. The analysis, which included the view that “Positive impressions about Shibarium may be reflected in SHIB price,” said the following: “Increasing transactions may include #Shiba Inu, and more users, as marked by wallet addresses, may mean more people demanding SHIB.”
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Could Bitcoin miners be a threat? According to analysis, the ongoing sales of Bitcoin miners could push the BTC price to $54,000. The cryptocurrency market is also going through turbulent times in September. After falling to $52,500 at the beginning of the month, BTC rose to $58,000 the other day. Although the price movement in BTC made investors nervous, it did not scare analysts. Despite analysts' expectations of an increase, #Bitcoin miners' on-chain transactions drew attention. AMBCrypto stated that the balance in miner wallets dropped to 1.8 million BTC and sales continue. #Bitcoin (BTC), which increased by more than 4 percent in the last 24 hours, could not rise above the $60,000 resistance. The sales of Bitcoin miners created anxiety amid the rise in the market. According to Glassnode's on-chain data, miners have been selling since September 2. The miner sales that took place parallel to the market decline were disrupted on September 8. It was seen that miners were selling even if BTC rose on that date. The analysis predicts that 1.8 million $BTC will continue to create selling pressure.The decrease in miners' balance also affected the hashrate on the blockchain. Coinwarz reported that #BTC hashrate has decreased to 712.57 EH/s in the last few days. AMBCrypto, who said, "Selling pressure usually results in price corrections," suggested that miners can affect the BTC price. The leading cryptocurrency recorded a trading volume of $ 35 billion in the last 24 hours. With BTC's 4 percent increase in the last 24 hours, $ 122 million was liquidated from the crypto market.
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DOGS made history: 42 million users received an airdrop. DOGS, the token of Dogs Mini, one of Telegram's most popular games, broke a new record. According to a post on TON's official X account on September 10, Dogs reached 53 million users, while 42.2 million of this number were eligible to benefit from the token's airdrop campaign. The number of people playing Dogs and requesting airdrops is 17 million. Hamster Kombat and DOGS continue the craze started by #Notcoin . Despite the arrest of Telegram founder Pavel Durov, interest in the TON ecosystem has not diminished. The transaction volume in #TON and the price performances of NOT and HMSTR, which increased despite the stagnation in the market, can be given as examples of this interest. BTC, which experienced a short-term decline on September 8, dropped DOGS to $ 0.0009228. Later, BTC's recovery and the TON price's upward trend pushed the pair upward. The popular altcoin, which reached $ 0.0011186 in just two days, recorded a total increase of 21.22 percent. If the TON ecosystem comes to the fore, the $NOT and #HMSTR prices rise, or $BTC remains above $ 58,000, #DOGS may target even higher levels. However, considering the airdrop the project carried out, investors will always need to be careful. On the other hand, although these numbers are impressive for a memecoin, its share is quite small when compared to leading cryptocurrencies. For example, according to Ycharts data, Ether alone holds more than 273 million unique addresses.
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The analyst is ambitious: “These memecoins will make a lot of money” With the positive environment in the cryptocurrency market, many memecoins have made triple-digit increases. The high trading activity of many medium and low-volume memecoins drew attention. Investors were eager that several memecoins reached a billion-dollar market value in every uptrend. Pepe ($PEPE ), which has decreased by 16 percent in the last 30 days, has increased by 388.41 percent since the beginning of the year. According to the data in question, the memecoin, which has disappointed investors recently, is still supported by long-term investors. Coinpedia, which added PEPE to the first place of the “most profitable memecoins” list, said the following: It is trading with a 59.28 percent decrease from its all-time high (#ATH ). This data highlights a potential reversal for the memecoin in the coming period. BOME, one of the main actors of the memecoin craze that broke out on the Solana blockchain, ranked second on the list. BOME, which increased by over 100 percent in a short time, moved 78 percent away from its peak. It was predicted that the $BOME price, which was evaluated as “discounted,” could rise in the coming days. Coinpedia, which evaluated #POPCAT under the title of this year’s best-performing memecoin, said: “POPCAT price rewarded long-term investors with an annual return of 6,917 percent. POPCAT is currently down 43.84 percent from its highest level. This decline makes the SOL-based memecoin a must-have product for the list.” According to the POPCAT chart, the Simple Moving Average (SMA) created a significant upward curve. The MACD indicator also gave a potential signal in the red histogram. The two data in question pointed to an upward outlook for the memecoin. If the price holds above the $0.50 support level, it could push POPCAT towards the upper resistance level at $0.8220 in the coming weeks. However, if the bears gain momentum, this Solana-based memecoin could retest the $0.50 support level.
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Avalanche (AVAX) has returned from disaster: What levels can it see? Avalanche (AVAX), which stepped on the gas after Bitcoin returned from $ 52,500, attracted attention with its upward momentum. BTC , which fell to $ 52,500 a few days ago, destroyed the altcoin market. Many projects, especially memecoins and major coins, reached the main support level. BTC, which started to rise later, became a lifeline for altcoins. One of the most striking names in these altcoins is Avalanche (AVAX). Which levels might the popular altcoin, which received a reaction for the third time at $ 20.53, want to test? #AVAX , which continues to maintain the $ 20.53 - $ 19.97 range, came to $ 23.82 with the reaction it received from here. The major coin, which has currently escaped the danger zone, may head towards $27.31 - $30.05 - $31.69 and $32.98, respectively, if it exceeds $24.80. In this process, BTC's performance, $BTC dominance, #Avalanche ecosystem and news about the parity will play an important role. If BTC cannot maintain its stability above $58,000, #BTC dominance advances towards 60 percent or the Avalanche ecosystem lags behind, selling pressure may increase in the parity. In such a scenario, a decline to $21.84 - $20.53 - $19.97 - $17.27 - $15.97 and $14.81 may occur, respectively. Testing the recent bottom level of $17.27 will give a clue for the medium/long-term price structure. Any period below $17.27 will increase bear dominance. If this level is reached, investors should be more careful.
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