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JASMY/USDT - Today's Profit
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Shiba Inu cryptocurrency surges in popularity and value, eyes new all-time highs The Shiba Inu cryptocurrency, known by its ticker symbol SHIB, has recently experienced an unprecedented surge in popularity and valuation, according to data from Google Trends. The doggy-themed meme coin has captured the attention of investors and crypto enthusiasts worldwide, witnessing a meteoric rise in searches on Google. International interest propels SHIB to new heights Google Trends data reveals that Shiba Inu has become one of the most searched cryptocurrencies globally, with interest spanning across approximately 10 countries. Countries such as the Netherlands, Slovenia, Pakistan, Switzerland, Canada, Austria, Belgium, Nigeria, the United States (US), and the United Kingdom (UK) have all contributed to the surge in searches, propelling SHIB to its highest levels in two years. Despite experiencing a sharp correction after reaching its peak, Shiba Inu continues demonstrating resilience in the crypto market. In recent months, SHIB’s value surged by over 200%, reaching a threshold of $0.00003 before settling at $0.000025, according to CoinMarketCap. Despite this correction, SHIB maintains strong fundamentals, evidenced by increased transactions on its Shibarium network and the launch of the SHIB Name Service. Analysts bullish on Shiba Inu’s future With a market capitalization exceeding $14 billion, Shiba Inu has firmly established itself among the top 11 altcoins. Analysts foresee further bullish momentum for SHIB, predicting potential new all-time highs during the 2024 bull run. Such projections align with the optimism shared by Shiba Inu’s lead developer, Shytoshi Kusama, who envisions SHIB as the “Dogecoin Killer,” potentially surpassing Dogecoin soon. $SHIB #HotTrends #Write2Earnc #SHIBA🔥 #CryptoNews🚀🔥
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Bitcoin (BTC): Can the Bulls Defend the Support? Bitcoin (BTC), the undisputed king of crypto, has faced some choppy waters recently. After a strong start to 2024, reaching new all-time highs above $72,000, the price has experienced a correction, leaving analysts divided on whether the bulls can hold the line at current support levels. A Recent Slide and Unsteady Footing The past few weeks have seen Bitcoin struggle to maintain momentum. From its peak, BTC has dropped over 30%, raising concerns amongst some investors. This decline coincides with several factors, including: Profit-taking: After a significant price run-up, some investors may be cashing out to secure profits, contributing to a temporary supply increase. Macroeconomic factors: Rising interest rates and a broader stock market correction might be impacting investor risk appetite, leading to a flight from riskier assets like crypto. The Bullish Case: Scarcity and Long-Term Growth The Upcoming Halving: April 2024 marks the next Bitcoin halving event, which will cut the block reward for miners in half. This inherent reduction in supply could place upward pressure on the price, as demand remains constant. Institutional Adoption: The growing presence of institutional investors, fueled by the launch of Bitcoin ETFs and increasing interest from major players like BlackRock, signifies a maturing market with a potential for significant capital inflow. The Bearish Counterpoint: Can Support Hold? However, some analysts express caution. The current support level around $40,000 is crucial. A breach of this level could trigger further selling and exacerbate the downward trend. Navigating the Uncertainty The future path of Bitcoin remains uncertain. Whether the bulls can regain control and push the price beyond its previous highs, or if the bears manage to force a deeper correction, depends on a confluence of factors. What are your thoughts on Bitcoin's future? Can the bulls defend the support, or are we in for a deeper correction? Share your insights in the comments below! $BTC #HotTrends
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