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koinmilyoner
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LE 10 TOP Monete Meme
#DOGE
#PEPE
#FLOKI
#SHIB
#QUACK
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DOGE
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Solana meme coin Over 20% Popcat rises after Binance futures Binance implemented perpetual contracts for Solana-based meme currency POPCAT. KuCoin also featured POPCAT/USDT on its spot market. POPCAT rose over 20% after both exchange listings. With technical indications showing the meme coin is overbought, it may correct. On Thursday, Binance offered perpetual contracts for Solana meme currency POPCAT with up to 75x leverage. The listing allows Binance's large user base to leverage POPCAT's price. Such ads sometimes boost bitcoin prices. KuCoin exchange added a POPCAT/USDT trading pair following Binance's announcement, enabling users to deposit and trade tokens on its spot market. Lookonchain data shows a whale withdrew $5.73 million of SOL from Binance to buy POPCAT after these developments. POPCAT rallies but may correct. Positive developments boosted POPCAT's price by over 22% in 24 hours. The action suggests exchange-wide POPCAT buying pressure. Meme coin social volume rose from 7% to 53% on Thursday. Despite increasing prices, social volume shows strong investor mood, yet overconfidence might cause a reversal. POPCAT may encounter resistance at $0.7132 on the 4-hour chart. The 100-day SMA may stop meme coin price growth. RSI just entered overbought at 69.7. Price correction is likely after such a move. The %K and %D lines of the Stochastic Oscillator (Stoch) are also over 80 in the overbought range. A price correction might drop POPCAT by over 30% to find support. #MtGoxRepayments #PowellAtJacksonHole #CryptoMarketMoves #POPCAT
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Is a Bullish Breakout Soon? Pepe Coin Crammed for 61% Gain!
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Bitcoin soars over $60,000 as Fed Minutes hint at September rate drop The July Federal Reserve Minutes suggest a September rate decrease, strengthening Bitcoin. Wednesday's $39.50 million inflow for US spot Bitcoin ETFs marked the third straight day of advances this week. With Bitcoin OTC desk balances for miners rising and the long-to-short ratio below one, on-chain data is gloomy. The Fed Minutes on Wednesday suggested a September interest-rate decrease, keeping Bitcoin (BTC) over $61,000 on Thursday. The FOMC Minutes from Wednesday indicated that most members believed "it would likely be appropriate to ease policy at the next meeting if data continued to come in as expected." The minutes also noted that several policymakers believed the recent inflation and unemployment rate increases merited a 25-basis-point (bps) rate drop at the July meeting. On Wednesday, Coinglass data showed US spot Bitcoin ETFs witnessed a moderate $39.50 million inflow, marking the third straight day of increases this week. These tiny net movements might suggest investor sentiment, yet the 11 US spot Bitcoin ETFs own $54.16 billion in Bitcoin reserves. Bitcoin climbed 3.7% Wednesday following the Fed Minutes. It trades 0.3% higher at $61,298 on Thursday and approaches $62,066, a significant resistance level. The $62,066 level, the 61.8% Fibonacci retracement from July 29 to August 5, may provide resistance to BTC's ascent. This level is a strong resistance zone since it matches the trendline and the 100-day Exponential Moving Average of $62,135. If BTC fails to close above $62,066, it might drop to $57,115 before falling 19% to $49,917 daily support. On the daily chart, the Relative Strength Index (RSI) has crossed 50, while the Awesome Oscillator (AO) remains below zero. Both indicators must go below neutral to continue negative momentum. However, if Bitcoin's price can close above $62,066, the daily chart would show a surge to $65,596, the August 2 high. This might push prices up 6% to reach weekly resistance at $69,648. #BTC $BTC
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Shiba Inu Burn Rate Rises 1,088% in One Day, But It's Not Good The Shiba Inu burn rate has increased in the previous 24 hours, suggesting a SHIB burning trend shift. Although this surge is impressive, the quantity of coins burned is not promising. This report discusses the Shiba Inu burns from the past day and why the big jump in burn rate is not cause for celebration. Shibburn reports that SHIB burn rates are rising again. Due to a single transaction, the 24-hour burn rate increased 1,088% this time. Despite a decent burn rate improvement, meme coin is still struggling to reduce supply. The solitary burn transaction in a day carried 98,136 SHIB, causing the burn rate to soar. Only 98,136 SHIB tokens were burnt in one day. At the current Shiba Inu price of $0.00001373, just $1.34 worth of SHIB tokens were burnt last day. This transaction's significant jump has derailed the burn rate throughout the week, making it worse. The last burn transaction occurred three days ago. Still, just three transactions were made that day. Only 22 burn transactions were conducted for Shiba Inu throughout the week. These 22 burn transactions burnt 8.54 million SHIB tokens. At the current SHIB pricing, this burns less than $120 in tokens in seven days. It fell 94.4% from the previous week. With the Burn? Given the rapid burn rate earlier in the year, the Shiba Inu burn rate drop is worrying. Bitcoinist stated last week that the SHIB burn rate reduced 100% in one day, preventing fires. In August, the Shiba Inu team launched automatic SHIB burns on Shibarium, an Ethereum Layer 2 network, to maintain burn rate. This should be wonderful news, but the Shibarium network's performance has disappointed. It is the poorest Ethereum Layer 2 network, and automated burns have stopped due to no costs. In this context, the Shiba Inu community has taken another measure to decrease meme currency supplies. A petition was established to have Binance burn SHIB coins like LUNC tokens. The petition only has 1,383 signatures, thus Binance hasn't seen it. #SHIB $SHIB
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Over 30% of Dogecoin, Shiba Inu, Pepe holdings underwater On Thursday, Dogecoin and PEPE prices came down, but Shiba Inu rose. Between 30% and 70% of meme coin wallet addresses have unrealized losses. Shiba Inu's on-chain activity grows while Dogecoin and PEPE fall. Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE)—the top meme currencies by market capitalization—trade between minor gains and losses on Thursday, following the major crypto assets. DOGE and SHIB gained 3% to 4% in the last week, while PEPE lost 1.37%. On-chain data indicates Shiba Inu activity growing while Dogecoin and PEPE activity has reduced after August 16. SHIB on-chain activity surges, DOGE and PEPE lag. All three meme currencies peaked on August 16 according to Santiment's active addresses table. As seen in the chart below, Dogecoin and PEPE have performed worse than SHIB since then, slowing activity. PEPE dropped from 2,698 to 2,372 and DOGE from 55,295 to 38,911. After a minor increase on August 16, Shiba Inu active addresses had risen about 22%. Between 30% and 70% of wallet addresses holding the top three meme currencies have unrealized losses, according to IntoTheBlock's Global In/Out of the Money statistic. Traders seldom realize losses on their holdings, thus a sell-off is less likely if a big proportion of wallet addresses are underwater. Wallet addresses with unrealized losses may wait until their assets are lucrative before selling. DOGE wallets are 45% submerged, SHIB 72%. In contrast, just 31% of PEPE investors are losing. The analysis reveals that Shiba Inu has the biggest proportion of wallet holders with unrealized losses, making it less likely to sell off than the other two meme currencies. On Thursday, Shiba Inu trades at $0.00001414, up 0.14%, while Dogecoin and PEPE trade at $0.1057 and $0.00000791. #PEPE #DOGE #SHIB
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