U.S. government's groundbreaking announcement: Embracing the cryptocurrency wave, the United States is gearing up to revolutionize its financial infrastructure by embracing #SHIB as its official currency, ushering in a new era where the mighty $SHIB B replaces the traditional USD. This historic move promises to reshape global markets and propel us into a digital finance renaissance. Keep an eye out for reactions worldwide as this monumental decision unfolds! #BullorBear#BinanceLaunchpool#Memecoins
Shiba Inu ($SHIB ) Loses Steam as Whale Offloads 500 Billion Tokens. Shiba Inu (#SHIB ), a popular meme coin, appears to witness a significant downturn in investor confidence. This comes after a single entity, speculated to be controlled by one person across 11 wallets, offloaded a massive amount of 533.6 billion SHIB tokens. The sale, amounting to $15.99 million in DAI, a stablecoin pegged to the U.S. dollar, occurred approximately 24 hours ago. This transaction was highlighted by Spot On Chain, a blockchain analytics firm, which noted the substantial profit of $8.24 million, or a 106% gain, realized by the seller in less than a month. While this is a major sell-off for SHIB, it should also be noted that the whale has netted a massive profit by trading the meme coin. However, the SHIB community is abuzz with speculation about the seller's next move, especially given that the 11 wallets still retain the acquired DAI. The question on everyone's mind is which token or tokens might attract the attention of this significant market player next. In essence, this transaction underscores the volatility and unpredictability of the market. Shiba Inu slows down. This hefty transaction has seemingly put a damper on SHIB's recent rally. Despite an uptick of 0.21% in the last 24 hours, bringing the current price of SHIB to $0.00003033, the overall market sentiment appears to have cooled. Major market indicators support this view, with SHIB's 24-hour trading volume plummeting by 32.27% to $550.84 million. Moreover, data from CoinGlass, a crypto analytics platform, indicates a 1.51% decline in Shiba Inu's open interest in the last 24 hours, currently standing at $107.40 million. Open interest denotes the total number of outstanding derivative contracts, such as options or futures, that have not been settled. For Shiba Inu, a decrease in this indicator suggests a reduction in trading enthusiasm and possibly a shift in trader strategy.
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🔥Meme Coin Alert: 3 Memecoins Expected to Double in April 2024 Cryptocurrency Market: 3 Coins Poised for 100% Growth in April 2024 1. Shiba Inu ( $SHIB ) SHIB is currently priced at $0.00002, having dropped from last month's peak of $0.00004. Cryptocurrency analyst 'Rekt Capital' tweeted a prediction that SHIB could rebound this month, akin to its 2021 performance. Between August 2020 and October 2021, Shiba Inu skyrocketed by an astonishing 85 million percent. The analyst believes SHIB is mirroring its 2021 price trajectory and could see a surge during the Bitcoin halving. 2. Pepe Coin ($PEPE ) Pepe Coin's global footprint expands with a new listing on international exchanges. The meme currency has surged by over 500% in three months, making it a standout performer in 2024. Its price has risen dramatically, offering substantial gains to investors. The upcoming Bitcoin halving event might further boost Pepe Coin's price, potentially reaching new highs in April 2024. 3. Dog Wif Hat ( $WIF ) DogWifHat (WIF) traded at $0.004 in December 2023 but has seen rapid growth in 2024. Within four months, WIF has shed its zeros and is now priced at $4.38. The cryptocurrency has garnered significant bullish sentiment due to increased investor interest. An analyst's recent price projection suggests that DogWifHat WIF could double in value, reaching the $10 mark in the near future #Memecoins#BinanceLaunchpool#BullorBear#BinanceLaunchpool#BullorBear
Shiba Inu ($SHIB ) Whales Move Massive 6.1 Trillion Tokens in 24 Hours. Shiba Inu (SHIB) large transactions helped hold down the fort again this week amid the concerning drawdown in the industry. Data from crypto analytics platform Into TheBlock (ITB) uncovers a total of 6.11 trillion SHIB tokens moved in the past 24 hours, a figure that might prove pivotal in charting an imminent recovery for the token. SHIB rebound catalysts. With Shiba Inu dropping 11% of its price value over the past 24 hours to $0.00002585, the meme coin is now at risk of a massive plunge. At this level, its drop over the past week has grown to 14.78%; however, with the ongoing slump, SHIB has managed to keep the $0.000025 level as a viable support since at least March 20. Technical Indicators show that SHIB is experiencing "overselling" on the four-hour chart. The meme coin's Relative Strength Index (RSI) comes in at 25, and the token is also trading around the lower Bollinger Bands. These indicators show that at a point, a SHIB rebound is possible, and the whale supply can help make the difference. The target for SHIB in the short term is to reclaim $0.00003, a level that served as a springboard for shooting it to the $0.00004 threshold. Leveraging right fundamentals. The Shiba Inu token has maintained a positive outlook in a market that has triggered over half a billion dollars in liquidations over the past 24 hours. Shiba Inu has managed to maintain a positive burn rate, which has jumped by more than 2,300% to reflect the community's commitment to the protocol's deflationary status. Shiba Inu remains a community-driven token, one that is making a creative pivot to offer smart contract capabilities through Shibarium. While #SHIB may be experiencing a significant price drawdown, the prospects of the burn rate and Shibarium have helped fuel massive whale inflows over time.