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According to Decrypt, Shiba Inu (SHIB), the second-largest dog-themed cryptocurrency by market capitalization, experienced a significant price surge on Saturday, reaching an eight-month high. The Ethereum-based token spiked to $0.00002969 before slightly retreating to $0.00002897. Despite the slight decrease, SHIB remains up over 12% for the day. The last time Shiba Inu reached such a peak was on April 1. Among the top 50 cryptocurrencies by market cap, SHIB is the leading gainer, with Filecoin following with a 10% increase.While Shiba Inu leads the charge, other dog-themed meme coins have shown mixed performance. Bonk (BONK) and Dogwifhat (WIF) have each seen modest gains of approximately 1% over the past 24 hours. However, Floki (FLOKI), another Ethereum-based token, has risen by nearly 6% today. Dogecoin (DOGE), the most prominent meme coin, is approaching a one-week high with a current price above $0.43, marking a 3% increase for the day. Last Saturday, DOGE reached a three-year high of $0.475, and it has surged by 164% over the past month.

According to U.Today, the Shiba Inu (SHIB) community has significantly increased its burn rate, removing tens of millions of SHIB tokens from circulation. In the past 24 hours, a total of 61,468,595 SHIB coins have been sent to unspendable wallets, marking a 5,154% increase in the burn rate. This surge was largely driven by a single massive burn transaction, which accounted for 80.95% of the total amount burned. The largest transaction involved 48,266,929 SHIB, executed by an unknown wallet. This was followed by smaller transactions of 6,008,171 and 3,938,558 SHIB.The SHIB team, through its marketing lead known as Lucie, addressed the community, emphasizing the importance of patience and commitment to building within the crypto space. Lucie advised against investing large sums into blockchain projects unless one is a crypto billionaire, suggesting that focusing on personal passions and allowing growth to occur naturally is more effective. She also highlighted the need to ignore negative influences and individuals who contribute little to the community.In terms of market performance, Shiba Inu has experienced notable price movements. Over the past day, SHIB's price rose by approximately 7.5%, reaching $0.00002652, before declining by 4.3% to $0.00002539. This fluctuation follows a 12% increase since Tuesday, reflecting the volatility often seen in meme cryptocurrencies. Despite the recent decline, the SHIB community remains active in its efforts to reduce the circulating supply through strategic burns.

According to U.Today, the U.S. financial markets are closed today, November 28, in observance of Thanksgiving Day. This closure means that traditional market participants are not active in the cryptocurrency market, particularly in Bitcoin and Ethereum ETFs. As a result, cryptocurrencies like Shiba Inu (SHIB) are trading without the influence of major players who might otherwise exert pressure through these financial instruments.On this holiday, the price of SHIB has shown a multidirectional movement, finding support at a significant level around $0.000025. This support emerged after a price dip followed by a recovery, forming a long hairpin on the hourly price chart. From a local low of $0.0000234, SHIB's price increased by 12.5% before correcting by 3%, settling at its current level. This pattern is considered a textbook correction, which is deemed healthy and necessary for a potential further upward trend. 

According to ShibDaily, Shiba Inu (SHIB) is showing signs of a potential price surge, with predictions suggesting an increase of over 300% from its current value. On Tuesday, Javon Marks, a cryptocurrency analyst, shared insights on X (formerly Twitter) about several bullish technical indicators that could propel SHIB to new heights. Marks noted that Shiba Inu has been in a strong position, having broken out and risen by over 162% recently. He highlighted a "Hidden Bullish Divergence," which indicates increasing buying pressure despite price dips, as a key factor in the potential price increase.Marks' analysis suggests that this divergence could push SHIB over 75% above its 2024 highs, potentially leading to a 215% increase to a target price of $0.000081. The analysis also pointed out a significant breakout in late 2023/early 2024, followed by consolidation above previous resistance levels, now acting as potential support. This shift in market sentiment is further supported by increased trading volume during the breakout and consolidation phases.As of early Tuesday morning, Shiba Inu was trading at $0.000025, reflecting a slight decline over the past 24 hours and week. Despite this recent dip, the cryptocurrency has experienced a substantial 47.72% increase in value over the past month. Community sentiment on CoinMarketCap remains largely positive, with 89% of users expressing bullish views on SHIB's future, indicating strong underlying support and belief in its long-term potential.Shiba Inu currently holds a market capitalization of $14.83 billion and a circulating supply of 589.51 trillion SHIB, maintaining its status as a significant player in the cryptocurrency market. While the recent price decline suggests potential market volatility, the overall bullish sentiment and technical indicators point towards a promising outlook for Shiba Inu. Readers are advised to conduct their research and consult with financial advisers before making investment decisions. This article is for informational purposes only and should not be considered financial advice.

According to Decrypt, open interest on Dogecoin options reached an unprecedented $4 billion over the weekend, marking a new high for the popular meme coin. Data from CoinGlass revealed that on Saturday, crypto futures traders had $4.06 billion in bets on Dogecoin. However, by Monday, this figure had decreased to $3.6 billion. A significant portion of these traders are betting on a future decline in the asset's price, with $1.9 billion in short contracts awaiting expiration. Open interest refers to the total number of unsettled contracts in the market.In the derivatives markets, traders speculate on the future price movements of cryptocurrencies like Dogecoin (DOGE). Earlier this month, following Donald Trump's presidential election victory, open interest in Dogecoin approached a record $2.75 billion. The surge in bets on Saturday followed a rapid increase in the asset's price on Friday, driven by news that Tesla CEO Elon Musk plans to introduce payments on his social media platform, X (formerly Twitter). Musk has previously expressed interest in using Dogecoin for payments on the platform.Interest in Dogecoin has grown significantly this year, partly due to Musk's renewed discussions about the meme coin. He even named a government agency D.O.G.E.—the Department of Governmental Efficiency—and will lead it alongside billionaire Vivek Ramaswamy when President-elect Donald Trump assumes office in January. Musk, a vocal supporter of Donald Trump, has long favored DOGE, often causing price surges with his endorsements. Originally created as a joke, Dogecoin now commands substantial trading activity and is the seventh-largest digital asset by market capitalization. It has inspired numerous copycat coins and a thriving meme coin market, known for its volatility.Currently, Dogecoin is priced at just over $0.39, reflecting a nearly 9% decline over the past day. Despite this, the coin has surged over 185% in the past month, according to CoinGecko.

According to Binance market data, WIF has surpassed the 3.5 USDT mark and is trading at 3.572 USDT, reflecting a 24-hour gain of 16.12%.

According to ShibDaily, a recent study by CoinWire has highlighted the potential dangers associated with meme coin promotions by influencers on X, formerly known as Twitter. The research analyzed over 1,500 meme coins promoted by 377 influencers with at least 10,000 followers over the past three months. The findings reveal a significant disconnect between the hype generated by influencers and the actual performance of these tokens, raising concerns about the risks posed to investors.The study found that 76% of the influencers promoted tokens that are now considered 'dead,' having lost at least 90% of their value. This means that two out of every three meme coins endorsed by these influencers have become virtually worthless, resulting in substantial financial losses for investors. The rapid decline of these tokens is evident, with 80% losing 70% of their value within a week, 90% declining by 80% after a month, and 86% plummeting by 90% within three months.Despite the promises of significant returns, the data from CoinWire indicates that achieving a tenfold increase in investment is rare. Only 1% of the influencers studied promoted a meme coin that reached a 10x gain, and merely 3% of the promoted meme coins achieved this milestone. This highlights the gap between the potential returns touted by influencers and the actual outcomes experienced by most investors.The study also discovered a correlation between the size of an influencer's following and the performance of the promoted meme coins. Influencers with larger followings, over 200,000, tended to promote the worst-performing tokens, which suffered an average of 89% negative returns after three months. In contrast, smaller influencers, with under 50,000 followers, had slightly better results, suggesting more genuine promotional practices, though still risky. This disparity may be attributed to larger influencers being more likely to accept paid promotions without thorough due diligence.CoinWire's analysis, using TweetHunter’s Twitter earnings calculator, estimates that influencers earn an average of $399 per promotional tweet, with each tweet reaching approximately 15,000 views. This financial incentive creates a conflict of interest, encouraging influencers to promote speculative and risky tokens. The study utilized Dune Analytics to track meme coin price performance, defining a 'dead' meme coin as one losing at least 90% of its initial value. The researchers acknowledge limitations in tracking deleted tweets. Readers are advised to conduct their own research and consult with a financial adviser before making investment decisions.

According to U.Today, Stellar (XLM) has recently overtaken Shiba Inu (SHIB) in terms of market capitalization, following a substantial rally. CoinGecko data reveals that XLM's market cap has surged to $17.3 billion, marking a 190% increase over the past week and a 600% rise over the last three weeks. In contrast, SHIB's market cap stands at $15.7 billion, with a comparatively modest 9% price increase.XLM is now on the verge of breaking into the top 10 cryptocurrencies by market capitalization, a notable milestone for the altcoin that often remains under the radar. Stellar's native token, XLM, was co-created by Ripple co-founder Jed McCaleb and is known for its tendency to trade in tandem with XRP, the token associated with Ripple. Earlier this week, XRP experienced a significant rally, reaching a multi-year high of $1.6, following the announcement of SEC Chair Gary Gensler's upcoming resignation.Ripple CTO David Schwartz has previously commented on the price correlation between XLM and XRP, expressing uncertainty about the underlying causes. Schwartz suggested that external factors outside their ecosystems might be influencing both tokens' prices. He dismissed the idea of manipulation or any malicious force driving the correlation, attributing it instead to their shared history and the perception of market participants.

According to PANews, Meme ecosystem influencer Murad recently shared insights on the X platform, emphasizing that Meme coins are not related to gambling but are instead about survival. Murad posed the question of which Meme coins are most likely to endure, thrive, and prosper in the long term. The answer, he suggested, lies in those Meme coins that boast the most dedicated, consistently growing, and loyal communities. These are the communities that, once people join, they are reluctant to leave.Murad's comments highlight the importance of community engagement and loyalty in the success of Meme coins. Unlike traditional financial assets, the value and sustainability of Meme coins are heavily reliant on the strength and commitment of their user base. This perspective shifts the focus from speculative trading to building and maintaining a robust community that supports the coin's ecosystem. As the cryptocurrency market continues to evolve, the role of community-driven projects like Meme coins becomes increasingly significant, underscoring the need for strong community bonds to ensure their longevity and success.

Memecoins are making waves in the cryptocurrency market, as recent Google Trends data reveals their search interest has surpassed that of Bitcoin, signaling a significant shift in retail investor attention.During the week of October 6-12, 2024, "memecoin" achieved a search interest score of 78 out of 100, overshadowing Bitcoin, which registered a score of 32, according to data analyzed by BizTech Community. This surge in popularity aligns with memecoins’ strong market performance, particularly in the first quarter of 2024, when they outperformed other crypto sectors as the most profitable narrative, according to a Cointelegraph report. 

According to CoinDesk: BONK, the Solana-based dog-themed token, surged 16% in the past 24 hours, recording $2.6 billion in trading volumes. It led memecoin trading on Coinbase with $384 million, surpassing other popular tokens like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE).Traders attribute BONK’s recent performance to its low unit bias, strong demand on Coinbase, and active community trading. These factors, combined with deflationary token burns, are positioning BONK for further growth in the competitive memecoin landscape.Technical Analysis Suggests Further Upside for BONKTechnical chart data indicates that BONK has broken out from a consolidation pattern, showing a triple bottom against the SOL/USD pair. This bullish pattern, characterized by three equal lows followed by a breakout above resistance, has traders optimistic.“A triple bottom on BONK charts signals upside potential,” said Bonk core contributor @iamkadense in an X post. SOL’s recent outperformance is also driving attention to BONK as a beta play within the broader Solana ecosystem.BONK’s Token Burn Initiative Drives ScarcityThe BonkDAO community has accelerated token burn activities, permanently removing tokens from circulation to increase scarcity. As of November, 7.7 trillion BONK tokens have been burned, with a target of an additional trillion tokens by December.Burns are conducted through applications within the Solana ecosystem that use BONK for various features. Recent burns include bets placed on Dragontail, Christmas card transactions via BONKmark, and trades executed on LiveBonk.“Yesterday, BONKbot burned 2 billion BONK, and 100 billion tokens have already been removed from circulation,” Bonk contributor @iamkadense noted.BONK’s Undervaluation Sparks Trader OptimismWith a current market cap of $3.6 billion, traders view BONK as significantly undervalued compared to DOGE and SHIB, which reached market caps of $90 billion and $43 billion, respectively, during previous retail trading manias.“The low market cap and strong community support give BONK plenty of room to grow,” said trader @theunipcs, who famously turned a $16,000 investment into $18 million on BONK.BONK’s Role in the Solana Ecosystem and Memecoin RevivalCreated in December 2022 by developers in the Solana ecosystem, BONK has gained traction through viral marketing, community enthusiasm, and its integration with Solana-based applications. Its recent surge coincides with fresh Bitcoin highs and renewed interest in memecoins following listings on exchanges like Coinbase and Robinhood.As BONK sets record highs with robust trading volumes and ambitious token burn initiatives, traders remain optimistic about its potential for further growth. With a strong community, integration into the Solana ecosystem, and increasing investor attention, BONK continues to lead the memecoin revival.

According to Foresight News, data from CoinMarketCap reveals that BONK has surpassed WIF in market capitalization, reclaiming its position as the largest meme coin on the Solana blockchain. BONK's market cap now stands at $3.61 billion, compared to WIF's $3.53 billion. This shift in market rankings highlights the dynamic nature of the cryptocurrency market, where meme coins often experience significant fluctuations in value. BONK's resurgence as the leading meme coin on Solana underscores its popularity and the community's support behind it. The competition between BONK and WIF reflects the broader trends within the meme coin sector, where market positions can change rapidly based on investor sentiment and market conditions. The Solana blockchain, known for its high-speed transactions and low fees, has become a popular platform for meme coins, attracting a diverse range of projects and investors. As the market continues to evolve, the performance of meme coins like BONK and WIF will be closely watched by traders and enthusiasts alike, as they navigate the volatile landscape of digital assets.

Recent data from Artemis reveals that meme coins have achieved an average return of 103% over the past 30 days, significantly outpacing the broader cryptocurrency market's 16.1% return. This surge underscores the growing investor interest in these digital assets.DOGE and PEPE Lead Memecoin RallyAmong the top-performing memecoins, Dogecoin (DOGE) and Pepe (PEPE) have experienced substantial gains. DOGE has risen by 196.1%, while PEPE has increased by 115% during this period. These impressive returns highlight the speculative appeal and volatility inherent in memecoin investments.Election-Related Memecoins Experience Post-Election DeclineMemecoins associated with the U.S. election have faced significant declines following the event. This trend suggests that the value of certain memecoins is closely tied to specific events or narratives, leading to heightened volatility.Investor Engagement with Memecoins on the RiseData from Kaito AI indicates that as of November 14, memecoins have captured nearly 24% of investor attention. Approximately one-quarter of cryptocurrency investors are discussing memecoins on platforms like X (formerly Twitter), reflecting the growing prominence of these assets in the crypto community. 

In 2024, meme coins have emerged as the top-performing crypto assets, delivering substantial returns that outpace those of Real World Assets (RWA) and Artificial Intelligence (AI) tokens. Data from CryptoRank, reported by TechFlow on November 14, highlights meme coins' dominance among the top five narrative tracks by market capitalization growth this year.The cryptocurrency market in 2024 has witnessed a remarkable rise in meme coin valuations. These tokens, often inspired by internet culture and social media trends, have attracted substantial investor attention, leading to impressive market capitalization growth. Notably, PolitiFi, a politically themed meme coin, has also demonstrated strong performance, further highlighting the appeal of this asset class.In contrast, RWA and AI tokens, while experiencing growth, have not matched the rapid appreciation seen in meme coins. The top five narrative tracks by market capitalization growth this year include meme coins and prediction markets, indicating a trend toward speculative and thematic investments. 

According to U.Today, Cardano (ADA), currently the ninth largest cryptocurrency by market capitalization, has experienced a notable increase in Large Holder Netflows this week. Data from IntoTheBlock indicates that these netflows have surged by 393%, suggesting a potential accumulation by large holders, often referred to as whales. This accumulation coincides with ADA's seven-day rally, during which it reached multi-month highs, benefiting from the broader positive momentum in the cryptocurrency market. On Sunday, ADA hit a high of $0.659, a level last seen in March of this year.The recent activity among large holders may indicate strategic accumulation of ADA, possibly in anticipation of forthcoming developments within the Cardano ecosystem. This trend reflects a bullish sentiment among investors regarding Cardano's future prospects. Despite a slight dip of 2.06% in the last 24 hours, bringing the price to $0.581, ADA remains up by 74% over the past week. The cryptocurrency market experienced a pause in its recent rally, with Cardano reaching a low of $0.556 after peaking at $0.654 on Tuesday.Cardano's recent seven-day surge began after it found support at $0.32 on November 4, leading to a fresh upward movement. However, the rally appears to be encountering resistance near $0.66, as ADA tested highs of $0.659 and $0.654 on November 10 and 12, respectively. Despite this resistance, the bulls have maintained their position without significant losses. Should a pullback occur, support levels are anticipated at $0.53 and $0.49. Conversely, a successful breakthrough past $0.66 could target $0.684, with the potential to reach the yearly high of $0.81.

According to Benzinga: Dogecoin (DOGE) has seen an impressive 159% rally to $0.41 since the U.S. presidential election, driven by renewed optimism for a crypto-friendly environment under President Donald Trump and a broader cryptocurrency market surge. Bitcoin’s new all-time high has further contributed to this enthusiasm, sparking demand for meme-based assets like Dogecoin, which appeals to retail investors with its low price and high accessibility.Market Sentiment and Policy Speculation Drive Dogecoin HigherTrump’s campaign has generated excitement among crypto investors, with his messages suggesting support for a U.S. crypto economy. Expectations are rising that the Republican Party’s recent win will lead to policies favorable to digital assets, including corporate tax cuts and a stringent stance on inflation. As concerns over inflation grow, many investors are increasingly viewing cryptocurrencies as a hedge against dollar devaluation.Whale Moves 200 Million DOGE Amid Dogecoin’s 13% Daily Price RiseOn the back of Dogecoin’s rally, Whale Alert reported a large transfer of 200 million DOGE, worth nearly $45.7 million, from Robinhood to an anonymous wallet. This major transaction has stirred the crypto community, sparking various reactions and discussions on social media. Such substantial movements are often seen as a precursor to further price volatility, with traders keeping a close watch.According to analyst Ali Martinez, Dogecoin recently broke through the $0.198 resistance level, and if the meme coin continues to sustain above $0.20, it could enter a parabolic run. Over the past 24 hours, Dogecoin surged 13.28%, briefly reaching $0.232 before settling around $0.229 at the time of this report.As the pro-crypto sentiment grows and institutional interest in cryptocurrencies expands, Dogecoin’s community-driven appeal and market position as an entry-level asset could continue to boost its price trajectory.

According to Odaily, recent data from IntoTheBlock indicates a significant increase in the balances of short-term Litecoin (LTC) holders, with a 31% rise compared to the previous month. This trend of frequent peaks in holdings often precedes either a price bottom or a substantial price surge.The data highlights a pattern where short-term investors accumulate more LTC, potentially signalling market sentiment shifts. Such increases in holdings are typically observed when investors anticipate changes in the market, either preparing for a downturn or positioning themselves for potential gains. This behaviour suggests that market participants are closely monitoring price movements and adjusting their strategies accordingly.The frequent occurrence of these peaks in LTC holdings underscores the dynamic nature of the cryptocurrency market, where investor behaviour can rapidly change in response to market conditions. As the market continues to evolve, these patterns provide valuable insights into the strategies employed by short-term holders, reflecting their expectations and reactions to market trends.

According to Odaily, the cryptocurrency SUI has recently achieved a new all-time high, briefly surpassing the 3.2 USDT mark. As of the latest update, SUI is trading at 3.1552 USDT, reflecting a 24-hour increase of 16.66%. This significant price movement highlights the growing interest and volatility in the cryptocurrency market. 

According to Odaily, recent data from Arkham monitoring reveals a substantial transfer of digital assets into Grayscale's trust funds. Approximately two hours ago, a total of 8,851 AVAX tokens were moved from an unknown address beginning with 0xC7E into the Grayscale Avalanche Trust. This significant transaction highlights the ongoing interest and investment in the Avalanche ecosystem, which has been gaining traction in the cryptocurrency market.In addition to the AVAX transfer, the same unknown address also transferred 1,396 AAVE tokens into the Grayscale Aave Trust within the same timeframe. This movement of AAVE tokens underscores the growing attention towards decentralized finance (DeFi) platforms, with Aave being one of the leading protocols in this space. The influx of these tokens into Grayscale's trusts suggests a strategic accumulation by institutional investors, reflecting confidence in the long-term potential of these digital assets.These transactions are part of a broader trend where institutional investors are increasingly participating in the cryptocurrency market through established trust funds like those offered by Grayscale. Such movements are often seen as indicators of market sentiment and can influence the perception of these digital assets among retail investors. As the cryptocurrency landscape continues to evolve, the role of institutional investments remains pivotal in shaping the future of digital finance.