According to Odaily, US-listed company Kronos Advanced Technologies Inc has announced its decision to accept SHIB as a payment method for its air purifiers. Kronos is known for its work in the development, manufacturing, and distribution of air purification and filtration systems. The company's move has made it the first publicly traded company to accept SHIB tokens. As of 2024, there are approximately 1.38 million Shiba Inu wallet holders worldwide.

According to CryptoPotato, the meme coin sector, which has seen significant growth in recent months, continues to attract investors and traders. This sector is filled with assets based on current trends, many of which have seen substantial price increases in a short period. This article will discuss some of the most popular meme coins and their potential for further growth. Shiba Inu (SHIB), the second-largest meme coin by market capitalization, has attracted a large number of investors. Over 1.3 million individuals have invested in SHIB, with approximately 51% currently making paper profits. Earlier this year, SHIB made headlines when its price soared to multi-year highs and its market cap exceeded $20 billion. The coin's Relative Strength Index (RSI) has been at relatively low levels in recent months, suggesting a potential increase in July. Dogecoin (DOGE), the leading meme coin, has seen a 6% increase on a weekly scale, and several factors could drive further growth this month. One such factor is support from influential figures, such as Tesla CEO Elon Musk, who frequently praises the coin. Following the integration of DOGE as a payment option on Tesla's website, the coin's value surged by over 20%. Dogwifhat (WIF), the largest meme coin on the Solana ecosystem, has been one of the market's top performers recently. Its success in July will depend on endorsements from well-known industry participants, favorable market conditions, Solana's performance, and other factors. Lastly, Pepe (PEPE), the leading frog-themed meme coin, made headlines in May when it reached a new all-time high and its market cap briefly exceeded $7 billion. However, since then, PEPE's price has fallen by 25% monthly. Despite this, some analysts believe the asset is poised for another bull run. The success of these meme coins in the coming months will largely depend on market conditions and investor sentiment.

According to U.Today, a pseudonymous cryptocurrency analyst known as Ali has indicated that the TD (Tom Demark) Sequential indicator is showing a key buy signal on Dogecoin's three-day chart. This suggests that the leading meme coin's price could rebound in the near future. The TD Sequential is a tool used by technical analysts to predict when an asset is about to reverse its trend. It was first introduced by Tom DeMark, founder and CEO of DeMark Analytics, in his 1994 book 'The New Science of Technical Analysis.' The TD Sequential strategy comprises two main components: the setup (momentum) with nine candles and the countdown (trend exhaustion) with 13 candles. The indicator signals a potential trend reversal when the countdown approaches a certain level. However, a specific setup must be established before a countdown can come into play. At the time of reporting, Dogecoin's price has remained steady over the past 24 hours. Earlier this week, Dogecoin achieved a significant milestone by surpassing 90 million addresses. However, the meme coin currently lacks potential catalysts that could drive its price higher, as the meme coin frenzy that took place earlier this year appears to have subsided. Despite this, and despite routine criticism, Dogecoin remains in the CoinMarketCap top 10 with a market cap of $17.7 billion. Last month, Ripple CEO Brad Garlinghouse renewed his criticism of Dogecoin, stating that the Bitcoin parody was not beneficial for the industry.

According to U.Today, Shiba Inu has experienced a significant increase in the number of burned tokens in the past 24 hours. This surge is likely due to an overall increase in the network activity of Shiba Inu, which could be an early indication of the network's growing strength. The most recent data reveals a staggering 4,677% increase in the burn rate of SHIB tokens, with over 301 million tokens burned in the last day. This sharp increase suggests a larger number of tokens are being destroyed, potentially reducing the quantity in circulation and possibly leading to price growth. IntoTheBlock's token summary highlights a high concentration of large holders, showing that 52% of holders are profitable at the current price. This concentration indicates significant investor interest and support, which is crucial for long-term price movements. SHIB's price movement is closely correlated with Bitcoin's, as indicated by a price correlation of 0.94. Despite some positive momentum, the on-chain signals show neutral-to-slightly bullish trends, suggesting caution may be the best approach. The price chart for SHIB indicates that the asset has been struggling to gain upward momentum. With the 50-day, 100-day, and 200-day EMAs serving as resistance levels, the price is currently trading at about $0.00001734. For SHIB to start a meaningful uptrend, it needs to break above these moving averages. Despite these challenges, the Shiba Inu ecosystem remains strong, with a large volume of transactions and active users. The latest data shows a consistent effort to decrease the token's supply and increase its scarcity, as evidenced by burn transactions. However, given the massive supply of SHIB, such volume is unlikely to significantly impact the asset.

According to U.Today, Lucie, the social media lead for Shiba Inu, has recently addressed the global Shiba Inu community with a statement. She revealed the strategy behind the power of SHIB and announced a significant SHIB giveaway. Lucie compared the growth of SHIB to bodybuilding, stating that the developer team's efforts to expand SHIB’s influence are akin to lifting weights. This includes the adoption of tokens and the pursuit of strategic partnerships. Lucie emphasized that the more partnerships the Shiba Inu team forms, the more robust and powerful SHIB becomes. She reminded the community of the team's existing strategic partnerships, including those with PlaysideStudios for the Shiba Eternity game, K9 Finance for liquid staking on the Shibarium layer-2 solution, and open source AI cryptography company Zama. Lucie stated that these partnerships and campaigns demonstrate the team's dedication and vision for Shiba Inu. The team is continually seeking new opportunities to expand the adoption of SHIB, BONE, LEASH, and SHEB tokens and broaden their reach. Lucie believes that thanks to this constant expansion, the power of SHIB will continue to grow. In a recent tweet, Lucie announced a SHIB giveaway, offering a substantial 10 million Shiba Inu chunk to the crypto community. Participants must follow certain terms, including following SHIB lead Shytoshi Kusama and the team’s major developer, Kaal Dhairya, on the X platform. Participants also need to like and retweet the announcement and leave a comment under the post, mentioning the Shibarium hashtag and tagging a friend. In other news, the SHIB community has successfully disposed of almost one billion meme coins over the past month, according to a recent post published by the Shibburn wallet tracker. This amount of crypto was transferred to unspendable blockchain wallets throughout June in 237 transactions.

According to Odaily, the Meme project FHB has seen a significant increase in the number of wallet addresses within a week of its launch. The project has surpassed 3600 wallet addresses, with daily trading volumes consistently maintaining at $500,000. FHB is a Meme project issued by the Outcome Community. The project aims to integrate meme culture and GameFi ecology to redefine Web3. The rapid growth in wallet addresses and steady trading volume indicate a positive response from the market towards this new project. The integration of meme culture and GameFi ecology is a unique approach that aims to redefine the concept of Web3. This innovative approach has attracted a significant number of users, as evidenced by the rapid increase in wallet addresses within a week of the project's launch. The consistent trading volume also indicates a steady interest in the project from the market.

According to CryptoPotato, Dogwifhat (WIF), a meme coin in the Solana ecosystem, has seen a nearly 50% weekly surge to $2.30, making it one of the top performers in its category. Analysts are predicting a continued bull run for the asset, with forecasts suggesting it could reach $3 soon and possibly $12 by the end of the year. Dogwifhat has been in the news recently due to its substantial price increase. It has risen 12% daily and almost 50% weekly, currently sitting at the $2.30 level. In addition to the price rally, WIF has become the meme coin generating the most daily trading volume, with a figure of over $560 million. The second place is held by the frog-themed Pepe (PEPE) with approximately $490 million. The leading meme coins in terms of market capitalization, Dogecoin (DOGE) and Shiba Inu (SHIB), trail behind with $415 million and $170 million, respectively. Several analysts have noted WIF's recent uptick, with some suggesting this might be the start of a significant bull run. User Bluntz has claimed the asset's price could skyrocket to as high as $12 by the end of the year. Another analyst, Rager, has expressed his expectation for the price to soar to $3 in the coming days. Dogwifhat is not the only meme coin experiencing significant gains. The total market cap of the niche has surged to almost $53 billion, a 5% increase on a daily scale, with DOGE up 2.5%, SHIB rising by 2%, and BONK climbing by 8%. Lesser-known assets such as ANDY ETH (ANDY), LandWolf (WOLF), Toshi (TOSHI), Purr (PURR), Wojak (WOJAK), and many others have also seen double-digit increases.

According to Odaily, a significant transaction has taken place on the Magic Eden platform. The news was initially shared by Leonidas, the founder of Runestone and a developer at Ordinals. He retweeted a post from a user identified as X, who goes by the handle $DOG_BTC_. The user reported that an individual had purchased a whopping 4 million DOG coins on Magic Eden. This substantial acquisition of DOG coins underscores the continued interest and investment in the cryptocurrency market. The identity of the buyer remains unknown, and the reasons behind such a large-scale purchase are yet to be revealed. However, this event has undoubtedly stirred up discussions among the cryptocurrency community, with many speculating about potential market impacts. The Magic Eden platform, where the transaction took place, is a well-known marketplace for digital assets. This incident further highlights the platform's role in facilitating significant cryptocurrency transactions. As the story continues to unfold, the crypto community will be keenly watching for any potential ripple effects this massive purchase might have on the broader market.

According to U.Today, Shiba Inu whales, or large holders of the SHIB token, are showing signs of renewed activity. This comes after a period of decline in the token's performance on the market. The on-chain data for SHIB indicates that there have been 47 significant transactions in the last day, suggesting that these major holders are becoming more active. This is a notable increase from the previous decline in large transactions, which had peaked at 47 on June 29. In terms of transaction volume, SHIB recorded a staggering 947.8 billion tokens moved in a single day. This surge follows a seven-day peak of 6.24 trillion SHIB on June 24. The sharp increase in volume suggests that large holders may be either increasing or distributing their holdings. This is in contrast to the more modest values seen in whale-tier transactions last week. Despite the increased activity on the chain, the price of SHIB has remained relatively stable, currently hovering around $0.00001709. The chart indicates that SHIB has been struggling to maintain its upward momentum. To indicate a bullish trend reversal, SHIB would need to break through resistance levels represented by the 26-day, 50-day, and 200-day EMAs. The market sentiment towards SHIB is mixed. The Bulls and Bears indicator shows a nearly even battle between buyers and sellers, with a slight advantage to the bears. This suggests that the market remains cautious about SHIB's short-term performance and is unlikely to turn into buying in the foreseeable future.

According to U.Today, Shiba Inu (SHIB) has seen a significant 243% increase in its daily SHIB burn rate. However, despite this substantial rise, the price of SHIB has remained relatively unchanged, fluctuating slightly within a narrow range over the past two days. In the last 24 hours, 20,198,590 SHIB were burned, marking a 243.67% increase in the burn rate. However, this increase has not significantly affected SHIB's price, which has remained steady, fluctuating between $0.0000166 and $0.0000172. Several factors, including market sentiment, could be contributing to the lack of price movement despite the increased burn rate. The overall sentiment in the cryptocurrency market, which could be positive, negative, or neutral, may influence individual token prices. The stagnant price could suggest that other market forces are overshadowing the impact of the burn rate. The crypto market, led by Bitcoin, experienced uneventful price action over the weekend, with the proportion of Bitcoin traded falling to a 16% low for the year. This lackluster action has also affected Shiba Inu, as reflected in its price. Lucie, a member of the Shiba Inu team, has reiterated the team's commitment to the growth and development of the project, despite the current market uncertainty. Their focus includes the ecosystem's key tokens — SHIB, BONE, LEASH, and the newly introduced SHEB. As the Shiba Inu community continues to support SHIB, BONE, LEASH, and SHEB, the market is closely watching to see how these tokens will evolve in the coming days. At the time of writing, SHIB was down 0.27% in the last 24 hours to $0.00001699.

According to Odaily, the Meme project BMBA, issued by the Black Mamba community, has seen a significant surge in its value within a week of its launch. The project's value has increased by more than 1500%, with trading volumes exceeding $3.3 million. The BMBA project aims to redefine Web3 by integrating meme culture and the GameFi ecosystem. The Black Mamba community, the issuer of the project, is leveraging the popularity of memes and the growing interest in the GameFi ecosystem to drive the project's success. The impressive growth of the BMBA project within a week of its launch indicates the potential of meme projects in the crypto market. The integration of meme culture and the GameFi ecosystem could be a game-changer in the Web3 space, offering new opportunities for investors and developers alike.

According to CryptoPotato, the first half of 2024 has concluded, and data compiled by on-chain experts has identified the most profitable sectors of the year. Memecoins have emerged as the most profitable sector in H1 2024, followed by Real World Assets (RWA) and Artificial Intelligence (AI). Independent crypto reporter Colin Wu analyzed the price return rate of the top ten tokens by market cap in each sector. The analysis was based on data from CoinGecko, comparing their average daily price return with their prices at the start of the quarter. The tokens were selected based on their rankings on the last day of the quarter. Memecoins recorded an average return rate of 2405.1% in 2024. As of June 19, three of the top ten memecoins by market cap were tokens launched around March-April. These include Brett (BRETT), Book Of Meme (BOME), and DOG•GO•TO•THE•MOON (DOG). Brett had the highest return rate, surging 14353.54% from its issuance price, while dogwifhat (WIF), another notable project, rose 933.93%. The profitability of memecoins is 8.6x higher than that of the RWA sector, which had a return rate of 213.5%, and at least 500x more than the least profitable sectors, which include decentralized finance (DeFi), GameFi, and Layer 2. RWA briefly became the most profitable sector in February as it was heavily discussed in the traditional finance space, with giants like asset manager BlackRock investing in it. The top RWA tokens by market value include Mantra (OM) and Ondo (ONDO), which recorded gains of 1123.8% and 451.12% respectively. The AI sector saw an average return rate of 71.6%, with tokens like Arkham (ARKM) and AIOZ Network (AIOZ) recording gains of 215.5% and 192.19%, respectively. Sectors like Decentralized Physical Infrastructure Networks (DePIN) and Layer 1 witnessed steady growth, reaching 58.7% and 43% return rates, respectively. Wu stated that DePIN has a huge growth potential and is one of the sectors capitalized on this bull market.

According to Odaily, Jupiter's co-founder, Meow, has announced on platform X that the PPP Meme coin experiment has concluded and the analysis process has begun. The analysis may take a considerable amount of time due to the large number of responses and the need to distinguish between bots, users, and genuine CT contributors. The complexity of the analysis that can be carried out will depend on the various restrictions faced when using the Twitter API. Therefore, if there are significant restrictions and a large number of false positives or omissions, Meow has preemptively apologized to the community. In addition to this, Meow has hinted at the imminent announcement of the first project. The details of this project are yet to be disclosed.

According to U.Today, Dogecoin (DOGE) has exceeded 90 million in total addresses, a figure that includes all addresses that have ever held Dogecoin and those that continue to do so. The total addresses for Dogecoin have now reached 90.34 million. This figure is distinct from the total addresses with a balance, which refers to all addresses currently holding Dogecoin. The total number of addresses with a balance for Dogecoin is currently 6.5 million, while 83.84 million represent total zero balance addresses, which are addresses that once held Dogecoin but no longer do. In certain situations, one individual may have multiple addresses for security reasons, or one address may hold the funds of various users, such as in centralized exchanges. These scenarios are reflected in the number of total addresses with a balance. It's worth noting that the total number of addresses with a balance has been steadily increasing since the beginning of 2024, indicating a growing interest in holding and investing in Dogecoin. An increasing number of addresses with a balance is beneficial as it signifies a more robust and expanding user base. In terms of price action, Dogecoin was up 0.52% in the last 24 hours to $0.124, and it has increased by 1.11% in the last seven days. Dogecoin broke and closed below the daily SMA 200 at $0.128 on June 18, and it has since been consolidating or trading in a range below this critical milestone. For a strong comeback, the bulls will need to push the price above the daily SMA 200 at $0.128. This could potentially allow Dogecoin to advance to the daily SMA 50 at $0.15 and break out of the broader range in which it previously traded. If the price fails to rise and falls significantly below $0.12, it could indicate that bears are in control, potentially triggering a downward move toward $0.10.

According to U.Today, Shiba Inu (SHIB) has experienced a significant increase in its burn rate, which has surged by over 1,072% within a 24-hour period. Data from Shibburn reveals that a total of 19,761,244 SHIB has been removed from circulation due to this burn rate. For Shiba Inu, any growth in its core metrics is seen as a significant victory. The meme coin's price has been on a downward trend in recent weeks. According to Cryptorank data, Shiba Inu has lost over 32% of its value this month. The coin has been trading within a narrow range, from a low of $0.00001642 to a high of $0.00002627 over the past month. The recent surge in the burn rate could potentially set Shiba Inu on a path towards a bullish recovery. At the time of writing, Shiba Inu is trading at $0.00001708, a decrease of 1.78% in 24 hours. The increase in the burn rate suggests that the token may experience significant developments in the near future. Despite the likelihood of Shiba Inu ending June on a bearish note, the month of July holds potential for the token. Historically, Shiba Inu has ended July on a positive note twice since its inception. Given the current downturn, it is possible that this growth trend could be replicated in the coming month. As Shiba Inu strives for a price rebound, it will likely draw on key applications within its ecosystem. Shibarium, a key part of this ecosystem, is expected to drive increased SHIB demand. Market data indicates a significant increase in contracts deployed on the protocol, suggesting that more usable applications are being integrated into the ecosystem. Over time, these developments and other milestones achieved by Shibarium could potentially drive the price of Shiba Inu higher.

According to U.Today, Shiba Inu (SHIB), a dog-themed cryptocurrency, may be poised for a price rebound, according to key on-chain data. On-chain analytics firm Santiment has identified Shiba Inu as one of the large-cap assets currently showing significant undervaluation. This assessment is based on the MVRV Z-Score, a metric used to determine overvalued and undervalued assets based on average trader returns. The MVRV indicator compares the market value (MV) and the realized value (RV) of a crypto asset. A high MVRV Z-Score suggests that the market value is significantly higher than the realized value, indicating probable overvaluation. Conversely, a low MVRV Z-Score suggests undervaluation, implying that the crypto asset is trading at a discount below its inherent worth. Santiment's analysis indicates that Shiba Inu is currently underbought, with its MVRV Z-Score suggesting undervaluation. This means that, on average, traders who have bought SHIB are currently holding it at a loss. Historically, periods of undervaluation have been followed by significant rallies as prices adjust to coincide with their true value. At the time of writing, SHIB has fallen 1.23% in the previous 24 hours to $0.000017, reflecting the market's overall lackluster price activity. The indication of undervaluation is a potentially bullish sign for Shiba Inu. If this turns out to be accurate, SHIB could be on the verge of a significant price rebound. However, it's important to note that market sentiment plays a crucial role in the price movements of cryptocurrencies, and Shiba Inu is no exception. Positive news, developments within the Shiba Inu ecosystem, or broader market trends could act as catalysts for the anticipated price rebound. The coming weeks could prove pivotal for Shiba Inu, and all eyes will be on whether this indication translates into real market movement. As the crypto community awaits further developments, the question remains: will Shiba Inu's undervaluation trigger a massive market reversal? The answer remains yet unknown.

According to U.Today, Lucie, the official marketing lead for Shiba Inu, has issued a warning to the global Shiba Inu community about potential scams involving the TREAT token. The TREAT token has not yet been launched by Shiba Inu developers, but scammers are reportedly targeting unaware users of the Shiba Inu ecosystem, offering to sell them fake TREAT tokens. This is not the first time Lucie and other members of the SHIB team have issued such warnings, as the scams continue to persist. Lucie, who recently took a break from crypto, reiterated the warning on her social media account. She emphasized that the TREAT token is still in development and has not been officially released. Despite this, Forbes published an article claiming that the TREAT token is already in circulation, leading the Shiba Inu team to remind their community that the token has not yet been completed or released. The TREAT token is intended to serve multiple purposes, including providing liquidity for the SHI stablecoin, which is also currently under development. However, the SHIB team has limited ability to combat scams related to their ecosystem. In recent social media posts, they have advised users to thoroughly check data on tokens related to the Shiba Inu ecosystem and its layer-2 solution, Shibarium. These tokens are often launched on ShibaSwap, a decentralized exchange, and the team cannot shut down any scam tokens released on it.

According to U.Today, financial analyst Murad Mahmudov has recently emphasized the potential of meme cryptocurrencies for those seeking the next big thing in the crypto market. Mahmudov suggests that these types of cryptocurrencies have dedicated cult communities that could lead to significant profits for early projects. He shared his 'crypto investing philosophy' earlier this month, advising investors to focus on meme cryptocurrencies with market caps ranging from $5 million to $200 million, while avoiding microcaps. Mahmudov believes that promising meme coins should be held for over a year, and their holders should have a genuine belief that a certain cryptocurrency will last for more than one cycle. He stated on his social media account, 'Memecoins will outperform EVERYTHING this cycle. Don’t hate the Player, hate the Game.' He also suggests that investors and traders should rely solely on their gut feeling when deciding which specific meme coin to purchase, advising them to 'throw all logic out the window.' Despite his bullish stance on meme coins, Mahmudov has predicted that there will not be a prolonged altcoin season like the one in 2021. He attributes this to the fact that the excess savings of US households have dried up, which could lead to Americans being less inclined to spend money on risky assets such as altcoins. In spite of Bitcoin's relatively stagnant price action, some major meme coins have seen substantial gains over the last 24 hours. Mog Coin (MOG) and BOOK OF MEME (BOME) are leading the surge with double-digit price gains. Bonk (BONK) is also up nearly 8%, while Dogecoin (DOGE) and Shiba Inu (SHIB) have recorded relatively modest gains of 3.1% and 1.7% respectively.

According to U.Today, Elon Musk, the serial tech entrepreneur and CEO of companies such as Tesla and SpaceX, celebrated his 53rd birthday. The Dogecoin community also marked this occasion, as Musk has previously joked about a connection between his birthday and Dogecoin Day. A Dogecoin team member, known as DogeDesigner, highlighted that Musk was born '69 days after 4.20', a date significant to the Dogecoin community. Dogecoin Day is recognized globally by cryptocurrency enthusiasts on April 20, also known as 'weed day'. This year, Dogecoin Day followed closely after another significant event in the cryptocurrency world, the fourth Bitcoin halving, which occurred on April 19 in the U.S. and April 20 in Europe. Musk's mother, Maye Musk, also joined in the birthday celebrations, posting a congratulatory tweet for her son. In addition to Musk's birthday, the tech entrepreneur announced a significant achievement for his space company, SpaceX. The company's Starlink Internet terminals are now available in Madagascar, a development that was warmly received by the cryptocurrency community, including fans of XRP and Dogecoin. As news of Musk's birthday circulated on social media, Dogecoin, the largest meme cryptocurrency, experienced a notable increase in value. At the time of writing, Dogecoin had seen a nearly 6% surge, with the cryptocurrency trading at $0.12735.