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š±š„Shiba Inuās burn rate surges by 254,000% ā Good news for SHIB?š„š„
Shiba Inuās [#SHIB ] burn rate recently skyrocketed by a remarkable 254,078%, wiping out 5.63 billion tokens in a single day. However, despite this aggressive burn, SHIB only saw a modest 3.03% hike on the price charts. It was trading at $0.00001781 at press time.
Therefore, a pressing question arises ā Will this latest burn finally trigger a sustained price rally, or will it simply echo past short-lived gains?
Did previous burn rate spikes affect $SHIB ās price?
Historically, Shiba Inuās burn events have delivered mixed results for its price. According to AMBCryptoās previous analysis,
even significant burn rate spikes, such as a 6,700% increase observed earlier, have generally failed to create lasting momentum.
For instance, a recent burn of over 324 million tokens sparked initial optimism. And yet, the rally quickly dissipated as sellers dominated. Consequently, while these events have occasionally fueled temporary gains, they rarely sustain bullish pressure on SHIB.
SHIB chart analysis ā What does the price action suggest?
When analyzing SHIBās charts, it became apparent that the price action has remained relatively flat following the latest burn surge. At press time, SHIB was trading at around $0.00001776, with modest intraday fluctuations. The Bollinger Bands revealed some low volatility too, suggesting limited price expansion.
Furthermore, the RSI was positioned near 52.5, indicating a neutral positionāNeither overbought nor oversold.
This neutral technical setup seemed to imply that despite the recent burn, SHIB lacks the buying momentum needed to break through resistance levels or fuel a stronger upward trajectory
On-chain signals ā A cautiously bullish outlook
Delving into SHIBās on-chain data revealed a mixed, yet slightly optimistic sentiment. In fact, key metrics leaned towards mild bullishness. For instance, āIn the Moneyā showed gains of 0.81%, while the concentration edged up by 0.06% and large transactions rose by 2.84%.
However, net network growth registered a slightly bearish note at -0.23%, indicating limited new address activity.
Consequently, while these indicators underlined cautious optimism, the lack of significant network growth may restrict SHIBās ability to sustain gains.
#memecoins #Shibusdt #binance
Therefore, a pressing question arises ā Will this latest burn finally trigger a sustained price rally, or will it simply echo past short-lived gains?
Did previous burn rate spikes affect $SHIB ās price?
Historically, Shiba Inuās burn events have delivered mixed results for its price. According to AMBCryptoās previous analysis,
even significant burn rate spikes, such as a 6,700% increase observed earlier, have generally failed to create lasting momentum.
For instance, a recent burn of over 324 million tokens sparked initial optimism. And yet, the rally quickly dissipated as sellers dominated. Consequently, while these events have occasionally fueled temporary gains, they rarely sustain bullish pressure on SHIB.
SHIB chart analysis ā What does the price action suggest?
When analyzing SHIBās charts, it became apparent that the price action has remained relatively flat following the latest burn surge. At press time, SHIB was trading at around $0.00001776, with modest intraday fluctuations. The Bollinger Bands revealed some low volatility too, suggesting limited price expansion.
Furthermore, the RSI was positioned near 52.5, indicating a neutral positionāNeither overbought nor oversold.
This neutral technical setup seemed to imply that despite the recent burn, SHIB lacks the buying momentum needed to break through resistance levels or fuel a stronger upward trajectory
On-chain signals ā A cautiously bullish outlook
Delving into SHIBās on-chain data revealed a mixed, yet slightly optimistic sentiment. In fact, key metrics leaned towards mild bullishness. For instance, āIn the Moneyā showed gains of 0.81%, while the concentration edged up by 0.06% and large transactions rose by 2.84%.
However, net network growth registered a slightly bearish note at -0.23%, indicating limited new address activity.
Consequently, while these indicators underlined cautious optimism, the lack of significant network growth may restrict SHIBās ability to sustain gains.
#memecoins #Shibusdt #binance
š±š„Experts Bet Big on Memecoins ā These Favorites Set for Explosive Gains!šš
Pepe (#PEPE ) Poised for Growth Ahead of Altcoin Season
Pepe ($PEPE ) is showing signs of potential growth as it trades near its 10-day and 100-day simple moving averages. The current price range suggests consolidation, and with a possible altcoin season on the horizon, a breakout could be near. The nearest resistance level is around $0.00001195; surpassing this could see PEPE rally towards the next resistance at $0.00001442, representing a gain of over 30% from current levels. The Relative Strength Index is just below neutral, and the Stochastic indicator is near oversold territory, pointing to possible upward momentum. While the coin has dipped slightly over the past month, its six-month performance remains positive, indicating strength in the longer term.
Dogwifhat (#WIF ) Set to Surge Amid Upcoming Altcoin Season
Dogwifhat ($WIF ) is trading between $2.19 and $2.78, showing signs of upward movement with recent weekly and monthly gains. The relative strength index is 44.32, indicating it isnāt overbought yet. If WIF breaks above the resistance at $3.08, it could reach the next level at $3.67, offering potential gains of over 30%. The 10-day and 100-day moving averages are close, suggesting the price is consolidating and may be ready for a bullish run as altcoin season approaches
Bonk (BONK) Poised for Rebound as Technical Indicators Suggest Oversold Conditions
Bonk ($BONK ) is trading between $0.00001866 and $0.00002486. The RSI is at 37.30, signaling that the token is nearing oversold conditions. The Stochastic oscillator is low at 16.63, reinforcing this view. These technical indicators suggest Bonk may be undervalued. If the price surpasses the nearest resistance at $0.00002839, it could climb towards the next resistance at $0.00003459, representing a potential gain of over 60%. With the anticipated altcoin season and a global crypto bull run ahead, Bonk might experience substantial growth soon.
Dogecoinās Recent Rally Signals Potential for Further Growth
Dogecoin has been trading between $0.13 and $0.15, showing strong momentum with over 20% increase in the past week and nearly 50% rise over the past month. The nearest resistance level is at $0.16, and if Dogecoin breaks through this, it could aim for the next resistance around $0.18. The Relative Strength Index is around 48, indicating that the coin is not overbought, leaving room for upward movement. The stochastic oscillator is in the mid-60s, suggesting bullish sentiment. With the 10-day Simple Moving Average above the 100-day, the short-term trend appears positive. If the momentum continues, Dogecoin could see significant gains in the upcoming altcoin season.
#DOGE #BONK #memecoins
Pepe ($PEPE ) is showing signs of potential growth as it trades near its 10-day and 100-day simple moving averages. The current price range suggests consolidation, and with a possible altcoin season on the horizon, a breakout could be near. The nearest resistance level is around $0.00001195; surpassing this could see PEPE rally towards the next resistance at $0.00001442, representing a gain of over 30% from current levels. The Relative Strength Index is just below neutral, and the Stochastic indicator is near oversold territory, pointing to possible upward momentum. While the coin has dipped slightly over the past month, its six-month performance remains positive, indicating strength in the longer term.
Dogwifhat (#WIF ) Set to Surge Amid Upcoming Altcoin Season
Dogwifhat ($WIF ) is trading between $2.19 and $2.78, showing signs of upward movement with recent weekly and monthly gains. The relative strength index is 44.32, indicating it isnāt overbought yet. If WIF breaks above the resistance at $3.08, it could reach the next level at $3.67, offering potential gains of over 30%. The 10-day and 100-day moving averages are close, suggesting the price is consolidating and may be ready for a bullish run as altcoin season approaches
Bonk (BONK) Poised for Rebound as Technical Indicators Suggest Oversold Conditions
Bonk ($BONK ) is trading between $0.00001866 and $0.00002486. The RSI is at 37.30, signaling that the token is nearing oversold conditions. The Stochastic oscillator is low at 16.63, reinforcing this view. These technical indicators suggest Bonk may be undervalued. If the price surpasses the nearest resistance at $0.00002839, it could climb towards the next resistance at $0.00003459, representing a potential gain of over 60%. With the anticipated altcoin season and a global crypto bull run ahead, Bonk might experience substantial growth soon.
Dogecoinās Recent Rally Signals Potential for Further Growth
Dogecoin has been trading between $0.13 and $0.15, showing strong momentum with over 20% increase in the past week and nearly 50% rise over the past month. The nearest resistance level is at $0.16, and if Dogecoin breaks through this, it could aim for the next resistance around $0.18. The Relative Strength Index is around 48, indicating that the coin is not overbought, leaving room for upward movement. The stochastic oscillator is in the mid-60s, suggesting bullish sentiment. With the 10-day Simple Moving Average above the 100-day, the short-term trend appears positive. If the momentum continues, Dogecoin could see significant gains in the upcoming altcoin season.
#DOGE #BONK #memecoins
$BONK is poised for a significant increase, with the potential to reduce a zero from its price. A bullish Bitcoin, coupled with momentum from $SHIB and $PEPE , presents an exciting opportunity for investors to benefit from this rally.
There were 34x gains in the last rally.
#memecoins
There were 34x gains in the last rally.
#memecoins
$BABYDOGE is gaining momentum and may be on the brink of a rally that could eliminate a zero from its price. With backing from $SHIB and $DOGE , increasing trading volume could provide the final push needed to drive this upward movement.
We've tracked 28x gains in the previous rally.
#memecoins
We've tracked 28x gains in the previous rally.
#memecoins
$BOME is making steady progress towards the $0.047 target, with promising technical indicators. Support from $SHIB and $FLOKI is driving the current trend. Similarly, $LAT is showing strength with support at $0.007, with increasing volume indicating a push toward the $0.018 target.
In the past, we've seen a 13x gain increase.
#memecoins
In the past, we've seen a 13x gain increase.
#memecoins
$FLOKI is riding a wave of upward momentum, potentially reaching a price level with one fewer zero soon. Memecoins like $BONK and $BOME are gaining ground, while Bitcoinās bullish sentiment continues to support this push toward new highs.
We have seen gains grow by 14 times in the recent rally.
#memecoins
We have seen gains grow by 14 times in the recent rally.
#memecoins
$MEW is positioned for a potential breakout, contingent on the continuation of $BTCās bullish momentum. With $SHIB and $PEPE also performing well, a broader market rally may materialize, significantly impacting $MEWās price trajectory and accompanying trading volume.
Before, we analyzed a 630% gains margin on it.
#memecoins
Before, we analyzed a 630% gains margin on it.
#memecoins
$SLERF is steadily growing, aiming for $0.83 while benefiting from Bitcoinās momentum. Memecoins like $APU and $MYRO are gaining traction, revealing hidden opportunities backed by strong volume, which could strengthen this upward rally.
It has given 28x gains in the previous rally.
#memecoins
It has given 28x gains in the previous rally.
#memecoins
š„š„GoldenCat at @BNBChain - Golden Cat Culture!š±
GoldenCat : Meme Cat-theme and Cat lover at #BNBChain Chain that we have to build day by day to make our brand become the strongest and most prominent.
With the theme Cat wants to create a golden cat culture to join Cat season (Cat szn), step by step we will build and reach each goal. So that the crypto golden cat truly becomes a golden cat at @BNBChain
And then with that goal, with that ambition: We will KEEP BUILDING and hope that one day, this Golden Cat will shine!
Official information about
CATS$CATS GoldenCat: Pioneering Sponsorships in Racing! š„š
GoldenCat is leading the way as a crypto cat project by sponsoring jerseys for racing tournaments and professional gamers.
Upcoming sponsorships will focus on athletes, expanding GoldenCat's presence in sports.
Following in the footsteps of major brands like Okx and Neiro ETH, GoldenCat aims to become the first cat project in crypto to engage in sponsorships.
https://coinmarketcap.com/community/share/post/342971588
Join us as we make our mark in the racing
#GoldenCat
Website : https://goldencat.io/
Telegram : https://t.me/GoldenCatBSC
Twitter : https://x.com/GoldenCatMeme
https://pancakeswap.finance/swap?outputCurrency=0x4f7eA8F6487a7007ca054F35c4a7b961f5b1896
CoinMarketCap : https://coinmarketcap.com/currencies/goldencat/
Coingecko : https://www.coingecko.com/en/coins/goldencat
#memecoins #CAT #binance
With the theme Cat wants to create a golden cat culture to join Cat season (Cat szn), step by step we will build and reach each goal. So that the crypto golden cat truly becomes a golden cat at @BNBChain
And then with that goal, with that ambition: We will KEEP BUILDING and hope that one day, this Golden Cat will shine!
Official information about
CATS$CATS GoldenCat: Pioneering Sponsorships in Racing! š„š
GoldenCat is leading the way as a crypto cat project by sponsoring jerseys for racing tournaments and professional gamers.
Upcoming sponsorships will focus on athletes, expanding GoldenCat's presence in sports.
Following in the footsteps of major brands like Okx and Neiro ETH, GoldenCat aims to become the first cat project in crypto to engage in sponsorships.
https://coinmarketcap.com/community/share/post/342971588
Join us as we make our mark in the racing
#GoldenCat
Website : https://goldencat.io/
Telegram : https://t.me/GoldenCatBSC
Twitter : https://x.com/GoldenCatMeme
https://pancakeswap.finance/swap?outputCurrency=0x4f7eA8F6487a7007ca054F35c4a7b961f5b1896
CoinMarketCap : https://coinmarketcap.com/currencies/goldencat/
Coingecko : https://www.coingecko.com/en/coins/goldencat
#memecoins #CAT #binance
If Bitcoin continues on its upward trajectory in the near future, $SNEK, which is gaining significant momentum, may tumble to $0. Additionally, it is expected that cryptocurrencies like $COQ and $TOSHI will be crucial to this upward trend, making them worthwhile investments to keep an eye on for possible gains.
It has given 12x gains in the previous rally.
#memecoins
It has given 12x gains in the previous rally.
#memecoins
On the charts, $MICHI is gaining ground and setting itself up for a big surge upward. $MICHI should easily surpass the next target of $0.37 if Bitcoin maintains its positive trend. It is anticipated that significant assets like $MYRO and $DOGE will propel this charge into uncharted market terrain.
Previously there was a 21x surge in gainss.
#memecoins
Previously there was a 21x surge in gainss.
#memecoins
With its inexorable momentum, $MAGA is poised for a huge price spike. Significant rises are also being seen in other well-known memecoins, such as $TRUMP and $BOME . The success of this upward trend will be largely dependent on Bitcoin's continued support.
We have seen gains grow by 17 times in the recent rally.
#memecoins
We have seen gains grow by 17 times in the recent rally.
#memecoins
š±šøPEPE may explode soon: Bullish signals are comingšš
Time is running out for Pepe (#PEPE ), which has given the green light to the rise with Onchain data.
Pepe ($PEPE ) seems to be preparing for a big rise. In some cases, it is predicted that PEPE can gain up to 300 percent in value in the medium term. After a big price drop, PEPE attracted attention to start the recovery. The increase in transaction volume and whale movement came to the fore in the recent period.
Increasing transaction volume is promising PEPE's transaction volume increased by 14.13 percent in the last 24 hours and reached 791.15 million. This sudden rise attracted attention by increasing the optimism in the market. Investors are collecting the popular memecoin to reach the last opportunity.
With this increasing interest, it seems that PEPE's next resistance is ready to be overcome. The latest data shows that this volume increase may contribute to "zeroing" in PEPE's price. If the positive atmosphere in the market continues, this rise may be a new turning point in the memecoin's story and may mobilize more investors.
PEPE whales' mobility has been gained The recent whale movement has further increased the excitement in PEPE's price.
On October 28, a whale transferred 1.2 tokens worth approximately $ 11.5 million. Such large movements usually attract the attention of strong advertising and indicate the future price.
While Bitcoin's positive impact on the market, more increases can be expected The impact of whales in the crypto world is greater. Whales mark the recorded growth and price.
The latest onchain data for the popular memecoin has increased the confidence of banks. Those who want to benefit from the whale movement are closely following the parity. With increasing transaction volume and whale movement, PEPE seems to be at the speed of an exciting increase.
#PEPEUSDT #binance #memecoins
Pepe ($PEPE ) seems to be preparing for a big rise. In some cases, it is predicted that PEPE can gain up to 300 percent in value in the medium term. After a big price drop, PEPE attracted attention to start the recovery. The increase in transaction volume and whale movement came to the fore in the recent period.
Increasing transaction volume is promising PEPE's transaction volume increased by 14.13 percent in the last 24 hours and reached 791.15 million. This sudden rise attracted attention by increasing the optimism in the market. Investors are collecting the popular memecoin to reach the last opportunity.
With this increasing interest, it seems that PEPE's next resistance is ready to be overcome. The latest data shows that this volume increase may contribute to "zeroing" in PEPE's price. If the positive atmosphere in the market continues, this rise may be a new turning point in the memecoin's story and may mobilize more investors.
PEPE whales' mobility has been gained The recent whale movement has further increased the excitement in PEPE's price.
On October 28, a whale transferred 1.2 tokens worth approximately $ 11.5 million. Such large movements usually attract the attention of strong advertising and indicate the future price.
While Bitcoin's positive impact on the market, more increases can be expected The impact of whales in the crypto world is greater. Whales mark the recorded growth and price.
The latest onchain data for the popular memecoin has increased the confidence of banks. Those who want to benefit from the whale movement are closely following the parity. With increasing transaction volume and whale movement, PEPE seems to be at the speed of an exciting increase.
#PEPEUSDT #binance #memecoins
Taking advantage of Bitcoin's increasing momentum, $SHIB keeps displaying resiliency. There is a good chance that its price may drop to zero if this positive trend continues. As they get ready for their own rallies, market observers should also pay special attention to $PEPE and $BONK .
In the past, it has generated 470% gains.
#memecoins
In the past, it has generated 470% gains.
#memecoins
$DOGE has seen an incredible increase, indicating yet another innovation! After reaching a strong support level around $0.08, it is currently aiming for $0.21. The momentum of other well-known memecoins, such $PEPE and $SHIB , which are quickening this rising trend, is what is driving the market's excitement.
We've identified a 760% increase in the last rally.
#memecoins
We've identified a 760% increase in the last rally.
#memecoins
š„š„BabyNeiro potential to be the best memecoināš±
#BabyNeiro has emerged as one of the most talked-about altcoin projects lately, captivating attention with its exciting developments. The project has successfully maintained a strong community through continuous updates and innovations. With ambitious goals in sight, BabyNeiro's team is committed to meeting investor expectations.
Representatives from the project state, At BabyNeiro, our commitment to progress remains unwavering. While we focus on our work, weāre excited about the journey ahead. We are actively pursuing listings on two major centralized exchanges (CEXs), and we believe this will take us to new heights.
Each all-time high (ATH) that BabyNeiro achieves is viewed as just a stepping stone. With a strong narrative and robust community support, the project's future appears bright. Investors are encouraged to stay tuned, as BabyNeiro aims for listings on all major CEXs, emphasizing the critical role of its community in this process.
In conclusion, BabyNeiro is positioning itself to secure a solid foothold in the memecoin market. Investors are advised to keep an eye on developments and consider potential opportunities as the project evolves.
X : BabyNeiro_BNB
#NEIRO #BNB #memecoins #binance
Representatives from the project state, At BabyNeiro, our commitment to progress remains unwavering. While we focus on our work, weāre excited about the journey ahead. We are actively pursuing listings on two major centralized exchanges (CEXs), and we believe this will take us to new heights.
Each all-time high (ATH) that BabyNeiro achieves is viewed as just a stepping stone. With a strong narrative and robust community support, the project's future appears bright. Investors are encouraged to stay tuned, as BabyNeiro aims for listings on all major CEXs, emphasizing the critical role of its community in this process.
In conclusion, BabyNeiro is positioning itself to secure a solid foothold in the memecoin market. Investors are advised to keep an eye on developments and consider potential opportunities as the project evolves.
X : BabyNeiro_BNB
#NEIRO #BNB #memecoins #binance
š¹ Trading Memecoins: Popular Strategies
The well-known comic author, who goes by the pseudonym Bold, created a humorous classification of trading strategies for meme tokens.
I have to say, from my own experience, there's a lot of truth in this joke.
š Here are some examples:
ā”ļø The Round Trip ā The price rises, but the trader holds the asset for too long, and it eventually returns to its original point, after which they sell.
ā”ļø The Top Blast ā The trader buys at the peak of the token's rise, only for it to plummet right after.
ā”ļø The Jeet ā The trader buys early but sells too quickly, missing out on the main period of price growth.
ā”ļø The Flip-Flop ā The trader frequently buys and sells as the price fluctuates, often choosing poor timing and losing money on fees and volatility.
#CryptoAMA #mememcoinseason2024 #memecycle #memecoins #meme_coin
The well-known comic author, who goes by the pseudonym Bold, created a humorous classification of trading strategies for meme tokens.
I have to say, from my own experience, there's a lot of truth in this joke.
š Here are some examples:
ā”ļø The Round Trip ā The price rises, but the trader holds the asset for too long, and it eventually returns to its original point, after which they sell.
ā”ļø The Top Blast ā The trader buys at the peak of the token's rise, only for it to plummet right after.
ā”ļø The Jeet ā The trader buys early but sells too quickly, missing out on the main period of price growth.
ā”ļø The Flip-Flop ā The trader frequently buys and sells as the price fluctuates, often choosing poor timing and losing money on fees and volatility.
#CryptoAMA #mememcoinseason2024 #memecycle #memecoins #meme_coin
Another breakthrough for $PONKE is creating ripples! Given that Bitcoin is still strong, this memecoin may surpass the next target of $0.78 if the current pace continues. This increasing trend will be fueled by support from well-known memecoins like $FLOKI and $DOGS , making $PONKE a valuable asset to keep an eye on!
We've previously noted a 640% gain from it.
#memecoins
We've previously noted a 640% gain from it.
#memecoins
$TOSHI is accelerating, indicating yet another thrilling upward trend! The market's contagious enthusiasm for $WIF , $SHIB , and $PEPE might essentially cause the price of this memecoin to collapse to zero if Bitcoin continues its upward trend. Keep an eye out for exciting developments!
Throughout previous instances, we've witnessed a 46x gain.
#memecoins
Throughout previous instances, we've witnessed a 46x gain.
#memecoins
$WEN is accelerating significantly and is about to make another big move upward. This memecoin, supported by $MEW and $BONK , might perhaps remove a zero from its present price if it keeps rising, which would increase the excitement of the movement that lies ahead.
It has historically delivered 10x gains.
#memecoins
It has historically delivered 10x gains.
#memecoins
