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THORChain (RUNE) Ready to Soar: Bullish Indicators Signal Big Gains Ahead THORChain’s RUNE is showing strong signs of a potential price surge. In the past week, the token jumped over 34%, highlighting a bullish momentum. The Relative Strength Index is below 30, suggesting RUNE is oversold and primed for a rally. Currently trading above its 10-day and 100-day moving averages, the coin is poised to test the nearest resistance at $7.32. Breaking this level could push the price toward the next resistance at $9.23. If RUNE reaches these targets, investors could see gains of more than 20% and up to 50%. The indicators point to a promising upward trend for THORChain.

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Sensational 21 Trillion Shiba Inu (SHIB) in 24 Hours: All Records Are Broken

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Solana Dominates 2024 with 10B Transactions Solana’s prowess is unmatched in the blockchain industry, with transactions worth $10 billion recorded in the 2024 year to date. The medium is far better than other platforms, with Near and Tron being the closest, with 1.9 billion and 1.95 billion transactions, respectively. In terms of network activity as well, the SOL cryptocurrency is way ahead of BNB Chain, Polygon, and Base, which are ranked in transactions ranging from 1.2 billion to 1.1 billion.The chart incorporates Solana’s huge transaction volume, further validating the token’s activity in the blockchain ecosystem. It emphasizes the high demand for platforms, as Solana is constantly used for decentralized applications and smart contracts. Therefore, it shows how Solana’s ecosystem is intact, and even the network’s scalability and cheap transaction costs are factors for the cryptocurrency’s success in 2024. Solana Market Sentiment Shows Bullish Outlook Currently, the sentiment around Solana cryptocurrency seems more positive than negative, with retail and institutional investors revealing hybrid signals. The crowd sentiment for the token stands at 0.08, which is slightly more than neutral, suggesting some degree of optimism prevailing in the market on the part of retail investors. On the contrary, Smart Money Sentiment shows an even better bullish trend at 1.31, reflecting confidence from institutional investors and big traders. This synchronization between retail and institutional sentiment implies that the SOL token has a good outlook in the market and that there is room for more bullish sentiment to take hold. The optimism from both groups indicates a potential for aggressive buying and aspirations for higher prices in the short term

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Influence of SHIB Burn on Shiba Inu Price Momentum Besides the 565% increase in whale net flows, other factors have pushed SHIB’s price higher. Recent data from Shibburn shows an 1837.49% surge in the SHIB burn rate. 463,450,468 SHIB tokens were removed from circulation in just 24 hours. According to the details, this stunning token incineration resulted from seven burn transactions since November 10. One stood out due to its size: 412,144,084 SHIB. The other top three transactions include 46,754,762 SHIB, 3,000,000 SHIB, and 1,240,000 SHIB transferred to dead blockchain wallets. Notably, the Shiba Inu network conducts period token burn to reduce supply. Eventually, this leads to higher prices as demand increases. Shytoshi Kusama and the Elon Musk S.H.I.B Proposal Pitch In a recent post, Shiba Inu’s marketing expert Lucie highlighted a recommendation from lead developer Shytoshi Kusama. On Sunday, Elon Musk made an X post, asking for recommendations for roles in Donald Trump’s new administration. Wasting no time, Kusama quickly sold his Strategic Hub for Innovation in Blockchain (S.H.I.B) strategy to the new government. “I think the Strategic Hub for Innovation in Blockchain would be a good start,” Kusama opined. Backtracking, Kusama informally presented the new venture to the US government following Trump’s election win. The proposal seeks to turn a chosen city into the “Silicon Valley of Crypto” and reinforce U.S. leadership in digital technologies. The plan involved establishing the necessary physical and digital infrastructure, awarding economic incentives, and investing in talent development.

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Shiba Inu Price Retains Rally As Whale Transaction Soar 565% The price of the Shiba Inu (SHIB) memecoin continues its only rally amid heightened whale transactions. Per current market cap data, SHIB price was trading at $0.00002566, up 1.2% in the last 24 hours and 52% in the past week. The SHIB burn mechanism is a key factor contributing to the memecoin’s bullish movement. Large Shiba Inu Transactions Are Skyrocketing According to IntoTheBlock data, SHIB transactions from large investors, often called whales, surged by 565% within the past day. Specifically, the whale transaction count increased to 1,440 in just 24 hours. Additionally, the volume of the large SHIB transactions amounts to $551 million. In SHIB terms, this translates to 21.11 trillion SHIB tokens. These moves in the popular meme-based crypto have raised discussions about the SHIB’s price trajectory. Large investors usually refer to investors who have conducted transactions worth over $100,000 within a specific time frame. These investors usually influence the price due to the large amount of tokens in their possession. When whales are active, it could indicate that they are increasing their holdings or preparing to sell. In either case, it will affect the Shiba Inu token’s price performance. Large players are accumulating more SHIB tokens, raising questions about the possibility of further bullish outcomes for SHIB in the foreseeable future. Shiba Inu surged to highs of $0.000028 in Monday’s trading session as bullish sentiment on the broader crypto market spilled over to dog-themed tokens. The rally comes after Bitcoin reached an all-time high above $82,000.

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