Although Dogecoin (DOGE) is experiencing volatility amidst bearish sentiments, technical indicators suggest that the meme coin is signaling a potential buying opportunity.
Specifically, crypto analyst Ali Martinez highlighted in an X post on June 30th that Dogecoin shows signs of a potential rebound. The TD Sequential indicator has presented a buy signal on the three-day chart.
This signal, highlighted by analyst Martinez, suggested that a reversal could be on the horizon, possibly setting the stage for DOGE to aim for higher price levels, including the critical $0.15 mark.
“The TD Sequential presents a buy signal on the #Dogecoin 3-day chart, predicting a rebound of one to four candlesticks for $DOGE!,” the analyst said.
Dogecoin price levels to watch
The three-day chart for Dogecoin reveals a period of extended downward movement, characterized by a series of red candlesticks from mid-June to the end of the month. This decline saw DOGE fall from approximately $0.17 to just below $0.13.

However, the appearance of a green arrow on the chart, signifying the TD Sequential buy signal, indicates a potential reversal. The TD Sequential is a popular technical analysis indicator used to identify possible turning points in the market. A buy signal typically suggests a potential upward movement of one to four candlesticks, each representing a three-day period in this context.
Indeed, DOGE has been on a bearish trend since around June 7th, characterized by consistent red candlesticks indicating sustained selling pressure. Around June 24th, DOGE found temporary support near the $0.12 level.
The first challenge for DOGE is breaking above the immediate  resistance at $0.13. A successful breach of this level could confirm the validity of the buy signal. If DOGE maintains upward momentum, the next significant target is $0.15. This level poses a psychological barrier and marks previous support turned resistance.
Should bullish sentiment persist, DOGE could aim for higher levels, potentially targeting $0.17, where the initial downtrend began in early June.
Dogecoin AI prediction
Meanwhile, the CoinCodex platform, utilizing AI-powered machine-learning algorithms, projected continued bearish sentiment for Dogecoin in the short term. Data retrieved on June 30th from the tool suggested DOGE might trade around $0.1047 by July 30th.

As of the latest update, Dogecoin is trading at $0.1224, showing a daily loss of 0.6%. On the weekly chart, the token is down by over 1%.


Not Financial advice!
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As Shiba Inu (SHIB) continues to correct its price, consolidating the gains it has attained since the year’s turn, much like many other cryptocurrencies, machine learning and artificial intelligence (AI) algorithms are pessimistic regarding its price performance in the near future.
Indeed, after trading around the $0.00003 area until mid-April, the price action of Shiba Inu has slowed down significantly in the past several weeks, first dropping below the critical level at $0.00002, and then reverting to below $0.000017, following the bearish sentiment of the crypto market.
Shiba Inu price prediction
Regarding its future performance, the complex AI algorithms deployed by the crypto analytics and forecasting platform PricePredictions have set the price of SHIB at $0.000014 on July 1, 2024, suggesting that the memecoin would continue to decline, according to the most recent data obtained on June 24.

Specifically, the target price set by the algorithms, which rely on indicators such as moving average divergence convergence (MACD), relative strength index (RSI), and average true range (ATR), would suggest a further drop of 16.52% from Shiba Inu’s current price.
Shiba Inu price analysis
For the time being, the popular meme doge token is currently trading at the price of $0.00001677, which represents a decline of 6.70% in the last 24 hours, a 15.32% drop across the previous seven days, as well as a 32.06% loss on its monthly chart, while recording a 62.44% advance since the year’s turn.
Meanwhile, one factor that could affect Shiba Inu’s price in the near future is the activity of its largest holders, i.e. whales.

Potential factors for SHIB price
In fact, should this whale decide to sell their holdings of the currently 12th-largest asset in the crypto market, it could cause a tectonic shift in its price, primarily due to exercising strong selling pressure that could cause the SHIB price to decline further and instill ‘FUD’ (fear, uncertainty, doubt) among investors.

On the other hand, crypto expert Casey Stubbs projected in mid-June that SHIB would likely experience a significant inflow of capital, potentially elevating the token’s market capitalization to $1 trillion, taking into account the anticipated impact of Shiba Inu’s layer-2 scaling solution Shibarium, as Finbold reported on June 17.
I am envisioning a day where there are thousands of shib and bone pairs trading on shibarium with billions of dollars worth of transactions daily and trillion dollar market cap. — Casey Stubbs
All things considered, Shiba Inu could, indeed, continue on its downward path in the following weeks as the AI algorithm suggests, but it is important to keep in mind that trends could change and that relying on one source of data exclusively is not wise, so doing one’s own research and keeping up with any SHIB news is critical when investing.
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Bitcoin ($BTC ) miners have recently found themselves at the center of the crypto market due to the increasing selling pressure on their BTC holdings and the resulting impact on the asset’s price.
Notably, the selling activity has been considered a significant factor that derailed Bitcoin’s trajectory toward claiming the $70,000 resistance.
Looking ahead, data shared by crypto analyst Ali Martinez on June 15 suggests that miners still have a crucial role in dictating Bitcoin’s price and potentially spurring it to an all-time high.
According to Martinez, Bitcoin’s average mining cost is currently $86,668. Historically, Bitcoin has consistently surged above this crucial level, providing a strong bullish indicator for the cryptocurrency.

“Bitcoin’s average mining cost is currently at $86,668. And guess what? Historically, $BTC always surges above its average mining cost,” he said.
Historical impact of mining cost on BTC price
The expert shared a chart sourced from MacroMicro, providing a detailed visualization of Bitcoin’s average mining costs, its market price, and the ratio between these two metrics over time. Notably, Bitcoin’s average mining costs and price have generally moved in tandem, with Bitcoin valuation often exceeding mining costs, particularly during bullish phases.
For instance, from mid-2016 to early 2018, Bitcoin’s price increased significantly above mining costs. Similar patterns are observable in the periods leading up to 2021 and mid-2023.
At the same time, the average mining costs to Bitcoin’s price ratio smoothed over a 30-day moving average (MA). They showed a cyclical pattern, with dips corresponding to periods when Bitcoin prices far outstrip mining costs. Historically, these dips have often preceded further price surges, reinforcing that mining costs are a critical support level for Bitcoin’s market price.
With Bitcoin’s average mining cost at $86,668, the current market scenario suggests that BTC must aim for this price level to cover mining expenses. The data aligns with the prevailing market consensus that Bitcoin is poised for further growth in the coming months, likely aligning with the post-halving bull run.
Indeed, if Bitcoin’s price aligns with mining costs, the cryptocurrency will rally 30% from its current valuation.

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According to data provided by cryptocurrency analytics firm Santiment, Cardano (ADA) and Bitcoin (BTC) are in the lead when it comes to social media engagement.
Cardano founder Charles Hoskinson announced that the proof-of-stake network was on the verge of the Chang hard fork. The aforementioned hard fork is shaping up to be the most significant update both for Cardano itself and the broader industry, according to Hoskinson.
During the "Voltaire" phase of the roadmap, Cardano will implement a new governance model that will put the community in charge. Hoskinson is convinced that Cardano will have the most advanced governance system among all blockchains.
His bullish post ignited strong social media engagement, with most social media users expressing bullish sentiment. However, this buzz has not translated into any meaningful gains for ADA. Cardano's native token is up only a mere 0.5% over the past 24 hours. It remains in 11th place with a market capitalization of $15.6 billion.
In the meantime, Bitcoin is being discussed precisely due to its recent price action. Last week, the largest cryptocurrency by market cap failed to top the $72,000 level last week due to strong jobs data. At press time, it is changing hands at $69,920, with bulls and bears battling for the pivotal $70,000 level.
The flagship cryptocurrency also generated some social media buzz after scoring its second-highest weekly close to date.
Social media users are also frequently comparing Bitcoin's market cap to major companies such as Apple, according to Santiment.
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The DOG GO TO THE MOON (DOG) cryptocurrency has surged as much as 14% over the past 24 hours.
According to CoinMarketCap data, its valuation currently stands at $886 million. This comes less than two months after the meme coin was airdropped to the holders of the Runestone Bitcoin Ordinal in late April.
One of the hottest meme coins has also seen a 65% jump in trading volume over the past 24 hours. It is so far available only on such minor exchanges as Gate.io and Bitget.
DOG's success has managed to revive interest in Runes Protocol, a new token standard that allows creating fungible tokens on the biggest blockchain.
Runes Protocol, which went live right after the halving event, initially managed to generate a lot of enthusiasm while pushing Bitcoin fees significantly higher. However, this hype started to wane quickly. Now, it is benefiting from the ongoing meme coin bonanza, with DOG leading the charge.
Ordinals developer Leonidas recently suggested that Satoshi Nakamoto himself might be aware of the ongoing meme coin hype.
If DOG manages to join the ten-digit club, it will be among such well-established meme coins as Solana-based BONK, Floki, and Pepe.
Dogecoin and Shiba Inu are the two biggest cryptocurrencies by market cap ($23.1 billion and $14.5 billion, respectively). That said, Leonidas recently suggested that DOG might be undervalued. "An $825M market cap for $DOG is an absolute joke. SHIB on Ethereum has a market cap of $15B. Bitcoin is 3x the size of Ethereum. Do the math," he said on the X social media network.
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Arthur Cheong, founder and CEO of Defiance Capital, has predicted that the price of Ethereum (ETH) could potentially hit $4,500 even before the launch of spot ETFs.
At press time, Ether is trading at $3,885 after adding 3.6% over the past 24 hours, according to CoinGecko data.
The SEC greenlit 19b-4s listing requests from a slew of Ethereum ETF issuers last week in a stunning U-turn. Prior to that, leading ETF industry analysts as well as major banking players of the likes of Standard Chartered claimed that these products were unlikely to be approved.
After the news about imminent ETF approval broke on social media, the Ether price entered a major uptrend, surging from $3,600 to $3,900 in a span of just three days.
Weakening momentum
Despite the major bullish catalyst, the leading altcoin has so far failed to gain a footing above the $4,000 level. It is also down 19.8% from its all-time high.
According to 100eyes Crypto Scanner, the Ethereum price has seen bullish divergence on the hourly time frame. This bearish pattern occurs when an asset manages to make new highs, but the Relative Strength Index (RSI) records slower highs. Based on this particular chart, it is clear that Ethereum is currently experiencing weakening momentum despite the substantial price increase. The RSI recorded a lower high in the 65-70 range after Ether surged to $3,900, which is the main horizontal resistance level.
If the bearish divergence ends up playing out, the price of the chief altcoin could experience a pullback from the current level. However, it is also likely that Ether will be able to break above $3,900 if the volume is strong enough.
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Solana’s price dropped slightly after reclaiming $175, but the price decline might not continue further.
Solana’s price increased by more than 20% in the last seven days.
If the bull rally resumes, then SOL might go above $180.

Solana managed to reclaim $175 on the 18th of May, but it soon witnessed a price correction, pushing the token’s value down. Does this mean SOL is bound to go down further in the coming days?
Last week was a tremendous success for Solana, as the token’s price rallied substantially. According to CoinMarketCap, SOL’s price surged by more than 20% in the last seven days, allowing it to touch $175.
However, SOL couldn’t hold that spot as it dipped.
The decline from $175 also had a negative impact on the token’s social metrics. Its Weighted Sentiment dropped sharply, meaning that bearish sentiment around it was dominant in the market.
Nonetheless, its Social Volume remained stable.

Investors shouldn’t get disheartened, as a recent analysis suggested that SOL’s price might skyrocket. Alex Clay, a popular crypto analyst, recently posted a tweet highlighting an interesting development.
In a monthly time frame, SOL displayed a rounding bottom pattern. If this pattern tests out, then investors might soon witness SOL reach new highs.

What to expect in the short term

A rise in the metric meant that derivatives investors were buying SOL. According to Coinglass’ data, SOL’s Open Interest also increased, which might serve as a push for the coin’s weekly rally.

However, concerns still remain. The coin’s fear and greed index had a value of 75% at press time, meaning that the market was in an extreme greed phase. Such numbers often result in price drops.
The Relative Strength Index (RSI) looked pretty bullish, as it had a value of 64.
If a price correction happens, SOL’s price might fall to $173.5 as liquidation would rise sharply, which might act as a support. A further downfall could push SOL’s price to $165.
However, if SOL manages to continue its weekly bull run, then the token might be able to go above $180.

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Solana momentarily surpasses Ethereum in DEX volume due to lower fees and faster transactions.
Thanks to its early start and network effects, Ethereum has long been the frontrunner in decentralized finance (DeFi). However, recently, Solana has experienced its own growth in that area, fuelled by its low fees and developer-friendly environment.
Last week, Solana once again exceeded Ethereum’s volume on decentralized exchanges (DEX), leading investors to ask questions about Ethereum’s long-term outlook.
Solana’s DEX Lead Over Ethereum
On Friday, May 10, Solana briefly surpassed Ethereum in DEX trading volume, recording $1.3 billion compared to Ethereum’s $1.29 billion. The flipping was primarily due to increased trading activity on Solana, thanks to a renewed interest in memecoins.
In recent months, Solana has attracted a significant community of memecoin enthusiasts. Tokens like Bonk and DogWifHat have seen increases of upwards of 1000% since their launch.
As noted in a recent analysis by Franklin Templeton, memecoin airdrops have received huge attention among the community. They also generated significant wealth effects, further contributing to interest.
However, despite Solana’s temporary lead in DEX volume, Ethereum quickly regained its top position by the end of the day, closing the day at $1.39 billion in volume. Conversely, Solana’s trading volume dropped to $943 million.
Solana’s DEX Volume Is Not What It Seems
This was not the first time Solana flipped Ethereum in DEX volume. The last time this happened was on April 21, when Solana’s DEX volume was $1.4 billion, compared to Ethereum’s $1.16 billion. Before that, on March 16, Solana’s DEX volume was even higher, at $3.4 billion, against Ethereum’s $2.4 billion.
It is important to note that high network volume does not mean the same thing for Ethereum and Solana. Due to its low fees, Solana attracts a significant number of high-frequency trades, which boost its overall volume. On the other hand, Ethereum’s higher gas fees mean that its users will only trade when it is advantageous.
While their DEX volume is comparable, Ethereum still holds significant dominance regarding the network’s total value locked (TVL). Currently, Ethereum has a TVL of $52 billion, dwarfing Tron’s $8 billion and BSC’s $6 billion. Solana is only in fourth place in this metric, at a TVL of $4 billion.
Even if Solana were to take the first spot in either DEX or network volume for good, it would still need to come a long way before it can grow to the size of the
Why This Matters
Even if Solana is still far behind, its rise challenges Ethereum to continue improving, particularly around scalability and transaction costs, two critical areas for user experience.
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According to data from Dune, Lido Finance commands a substantial portion, 28.5%, of staked Ether, with an additional 13.6% staked through the Coinbase exchange.
Lido Finance, the premier decentralized finance (DeFi) protocol for liquid staking on Ethereum, has celebrated a significant milestone, reaching one million Ethereum validators.
This achievement was announced through an April 29th post on X, underscoring Lido Finance’s position as a leader in the DeFi space.
Liquid staking protocols such as Lido Finance play a crucial role in democratizing staking for retail users with limited capital.
Typically, individuals would require 32 Ether to operate their own validator nodes on Ethereum.
However, Lido Finance offers an alternative avenue, making staking accessible to a broader audience.
According to data from Dune, Lido Finance commands a substantial portion, 28.5%, of staked Ether, with an additional 13.6% staked through the Coinbase exchange.
Presently, over 27% of the entire Ether supply is engaged in staking activities.
The appeal of liquid staking protocols like Lido lies in the liquidity benefits they provide.
Users who participate in staking through Lido receive Lido Staked ETH (stETH) in return, which can be utilized in various other DeFi protocols.
This stands in contrast to traditional staking methods, where staked Ether remains locked and inaccessible for the duration of the staking period.
The rise of liquid staking is significantly contributing to the growth of DeFi.
Total value locked (TVL) in DeFi protocols has experienced a substantial surge, reaching $97 billion in the first quarter of 2024 from a low of $36 billion in the fourth quarter of 2023.
Current TVL stands at $92.32 billion, according to DefiLlama.
This growth, which saw a 65.6% increase quarter-on-quarter, can be primarily attributed to liquid staking protocols like Lido, as noted by on-chain intelligence provider Messari.
The cumulative TVL amassed by liquid staking protocols exceeds $47.7 billion, with Lido alone accounting for over $29.9 billion.
Despite its success, concerns have been raised about Lido’s growing dominance within the ecosystem. Ethereum co-founder Vitalik Buterin has previously expressed apprehensions regarding potential centralization risks associated with Lido.
In a blog post dating back to September 2023, Buterin highlighted the need for vigilance against such risks, acknowledging the efforts made by protocols like Lido in implementing safeguards while cautioning that one layer of defense may not suffice.
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Shiba Inu (SHIB) has managed to outshine other coins on Robinhood
Popular meme cryptocurrency Shiba Inu (SHB) has managed to top this week's rankings published by prominent brokerage platform Robinhood.
The prominent meme coin is up 11% over the past week, significantly outperforming other major coins that are available on the platform.
Litecoin (LTC) comes in second place with an 8% price spike. Chainlink (LINK) is also in the top 3 after adding 6.1%.
Aave (AAVE) and Ethereum Classic (ETC) have made it to the top 5 after adding 4.8% and 3.5% over the past week, respectively.
Tezos (XTZ), Uniswap (UNI), Ethereum (ETH), Stellar (XLM), and Compound (COMP) have also appeared in the top 10.
Welcome to New York
As reported by U.Today, the second-largest meme cryptocurrency is now available for New York residents on the Robinhood platform.
New York is particularly known for its stringent regulations, with the BitLicense licensing regime making it challenging for companies to operate in the state.
Shiba Inu initially became available for Robinhood users back in early 2022 after an intense campaign by the community behind the meme coin to get the token listed on the popular brokerage platform.
Last month, global asset management firm Bernstein predicted that the Robinhood stock would be able to benefit from a "monster" cryptocurrency rally in 2024. The firm predicted that the total cryptocurrency market cap would be able to top a staggering $7.5 trillion this year.
SHIB is currently trading at $0.00002535, with its market cap sitting at nearly $15 billion. However, the token is still down more than 70.6% from its all-time high that was achieved in October 2021.
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On Apr. 20, Bitcoin managed to generate a staggering $78.3 million worth of fees.
For comparison, Ethereum comes in a distant second place with $3.2 million.
The massive uptick came after the creators of Ordinals launched Bitcoin Runes following the halving event. The protocol makes it possible to create fungible tokens atop the leading blockchain.
Lucas Outumuro, researcher at IntoTheBlock, described the launch of Runes, as "absolutely insane." He explains that the $80 million in daily fees is approximately four times larger than the previous all-time high that was set all the way back in December 2017.
During the ordinals, the average transaction fee was $30. However, now, it has peaked at $128.
Moreover, miners are now earning record revenues despite the recent halving event despite the fact that block rewards have dropped 50%. On Saturday, they managed to earn more than $100 million. Prior to that, the consensus was that miners would experience short-term strain after the halvening, with prominent miners stocks dropping more than 50% from their record highs. Outumuro believes that traditional finance simply was not aware of the launch of Runes.
"It's been less than 48 hours since the launch of Runes and it has already made an impact of historic proportions," the analyst sums up.
However, it remains whether this hype surrounding Runes is going to persist. So far, it seems like retail is sitting on the sidelines based on the fact that the number of retail addresses has reached a new low. However, Runes might potentially emerge as a solution to Bitcoin's long-standing security problem despite attracting some pushback within its conservative community.
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600 million Dogecoin (DOGE) stuns major exchange as fear peaks

In an eye-catching event, a substantial transfer of 600 million Dogecoin (DOGE) to the prominent exchange platform Binance has emerged. The revelation stems from a report by Whale Alert and arrives against the backdrop of heightened market uncertainty.

The timing of this transfer is particularly striking, coming on the heels of a widespread market crash that saw the prices of major cryptocurrencies plummet by double-digit percentages.

Over the weekend, amid escalating geopolitical tensions, fear gripped crypto investors, leading to a significant downturn in prices. Dogecoin, in particular, experienced a steep 30% decline, hitting a low of $0.13, its lowest point since March 20.

🚨 🚨 🚨 🚨 600,000,000 #DOGE (92,311,146 USD) transferred from unknown wallet to Binance — Whale Alert (@whale_alert) April 13, 2024

Dogecoin (DOGE) price outlook

However, amid the chaos, a glimmer of hope emerged as the market found its bottom, prompting a surge in buying activity. Dogecoin swiftly rebounded by 17%, now resting at $0.153 per token. It is against this backdrop of extreme fear and uncertainty that the enigmatic transfer of DOGE to Binance occurred.

The address associated with the transaction is relatively new, with its first recorded activity dating back to December 2023. Since then, it has been notably active, with a total of 130 transactions taking place in recent months. The transfer of such a substantial amount of DOGE to a major exchange like Binance raises questions about the intentions of the anonymous whale behind it.

Speculation abounds as to the motive behind this significant move. Some suggest that it may signal a desire to offload risky assets while prices are on the upswing, while others remain skeptical, calling for time to reveal the true nature of this mysterious transfer.

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The price of the largest cryptocurrency recently managed to surge above the $70,000 level. Will it be able to gain a foothold above this level?

Bitcoin (BTC), the top cryptocurrency by market cap, managed to reclaim the much-coveted $70,000 level earlier today, peaking at $70,230.
It is up 2.4% over the last 24 hours, currently trading just below the aforementioned level.
However, it is worth mentioning that $70,000 is a formidable resistance level that bulls have repeatedly failed to crack. At press time, the top cryptocurrency is changing hands at $69,704 after giving up some gains.
A bear trap?
As noted by popular cryptocurrency trader Ali, the TD Sequential, a powerful technical indicator, is currently showing a sell signal on the four-hour chart. The analyst has predicted "a one to four candlesticks correction" for the largest cryptocurrency.
Bitcoin's failure to gain a foothold above the $70,000 level on Apr. 1 recently led to a sharp correction to the $65,000 level. However, Bitcoin managed to recover from this drop relatively quickly.
Extreme greed
According to the Fear & Greed Index, which measures Bitcoin sentiment on a daily basis, the largest cryptocurrency has once again succumbed to "extreme greed." This implies that the market is showing signs of froth following a short-lasting correction.
The bulls' latest attempt to crush the $70,000 resistance level comes ahead of the much-anticipated halving event. The event is just 11 days away, and many expect the market to become even more torrid due to growing mainstream media coverage.
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While Shiba Inu (SHIB) has become increasingly popular, this popularity also brings risks

Dog-themed cryptocurrency Shiba Inu has grown in popularity over the years. Yet, with great popularity comes great risk, particularly from the shadowy corners of deceit and manipulation. It has come to light that the SHIB community must tread carefully amid a surge of paid promotions, as not all that glitters in the crypto universe is gold — or in this case, SHIB.

Scammers have been quick to capitalize on SHIB's meteoric rise, crafting elaborate schemes hidden within paid promotions. These nefarious actors create illusions of legitimacy by claiming affiliation with SHIB, preying on the uninformed and the overeager.

In this light, "Shibarmy Scam Alerts," an X handle dedicated to uncovering scams and protecting the Shiba Inu community, has issued a critical alert, urging Shiba Inu community members to beware of scams in paid promotions.

Beware of Scams in Paid Promotions Stay alert: Scammers are using paid promotions in articles, especially on platforms like Yahoo, posing as legitimate investments. Many falsely claim to be related to Shiba ecosystem . Always verify information through the official website… — Shibarmy Scam Alerts (@susbarium) March 31, 2024

Shiba Inu holders are urged to exercise caution and due diligence as scammers are using paid promotions in articles, especially on platforms like Yahoo, posing as legitimate investments. Many of these projects falsely claim to be related to the Shiba Inu ecosystem.

Thus, the Shiba Inu community is advised to verify the authenticity of any promotion before engagement, especially those that require financial commitment. They should always verify information through the official SHIB website before taking action. If an offer seems too good to be true, it probably is.

Shiba Inu set to gain 139% in March

According to CoinGecko data, Shiba Inu (SHIB) is poised to conclude the month of March with a staggering 139% increase in value, marking remarkable price growth for the token and signaling renewed investor interest.
At the beginning of March, SHIB was trading at roughly $0.0000125, according to TradingView data. As the month progressed, the token witnessed a dramatic surge in value, reaching highs of $0.000045 on March 5. This impressive rally represents a more than 300% increase in price within a relatively short span. Shiba Inu subsequently rose in crypto rankings and sits presently in the 11th spot with a market capitalization of $18.05 billion.
Although the price has retreated, SHIB is still trading higher than its opening price of $0.000001257 in March. At the time of writing, SHIB was up 2.04% in the last 24 hours to $0.0000306 and up 8.96% in the last seven days.
As March draws to a close, the SHIB community celebrates its impressive gains and looks forward to the next chapter in the token's journey.

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The blockchain sphere in China is currently navigating through tumultuous waters, thanks to a cleverly orchestrated scam pandemic that’s left countless investors out of pocket. This isn’t just your run-of-the-mill cyber deception; we’re talking about a sophisticated double-whammy where victims, already burned once, are being scorched again by predators masquerading as their saviors. It’s a harsh reality in the digital age where trust is fragile, and the blockchain, despite its robust architecture, isn’t immune to human cunning and greed.
The Double Deception Dilemma
At the heart of this chaos is a particularly sinister scam model that preys on the desperation and vulnerability of investors who have already fallen victim to initial frauds, often involving virtual currencies. Imagine losing a staggering amount of money to a scam, only to be duped again by someone promising to help you recover your losses.
This exact scenario unfolded for an individual who first lost 700,000 yuan (about $100k) to a pig butchering scam—a scheme involving fattening up the victim with fake profits before going in for the financial kill. In a desperate bid for recourse, they then turned to what they believed was a legal lifeline, only to be swindled out of an additional 500,000 yuan ($70k) by a phony lawyer. The tragedy of this situation is palpable, highlighting not just the sophistication of online scams but also the profound impact of these crimes on individuals’ lives.
Adding an international twist to the tale is the story of Jian Wen, a 42-year-old British citizen found guilty by a London jury of laundering vast sums of Bitcoin. This wasn’t petty cash; we’re talking about laundering for a Chinese fugitive implicated in an almost $6 billion investment fraud. Between 2017 and 2022, Jian helped wash the dirty digital money, showcasing the global scale and reach of these operations. Her lifestyle, upgrading from a fast-food takeaway basement to a life of luxury, punctuates the narrative with a stark visual of crime’s profitability. Despite her denials and the complexities of the case, the conviction shines a light on the intricate networks supporting financial crimes in the blockchain space.
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James Howells, embarks on a legal quest to reclaim a mistakenly discarded hard drive from a council landfill
James Howells, a 38-year-old IT expert, has initiated a legal battle to recover a hard drive containing Bitcoin now valued at approximately £1.5 billion, according to The Daily Mail. Howells has been trying to recover the stolen funds for roughly a decade.
A decade-long quest
Howells' ordeal began with a simple yet fateful cleaning mishap ten years ago, leading to an unimaginable loss.
Unfortunately, this bag was mistaken for trash, and without realizing the crucial mistake, his partner disposed of it at a local council landfill.
This hard drive wasn't just any piece of hardware; it contained the private keys to access 8,000 Bitcoins, an asset that, over the years, has ballooned in value to a staggering £1.5 billion.
The realization of this mistake set off a decade-long quest to recover the digital treasure now buried under tons of waste.
The path forward
The legal confrontation has escalated to the High Court, where Howells seeks access to the dump and argues for the recovery of his property.
His legal and recovery team, funded by hedge fund investors eyeing a share of the potential recovery, includes search experts and data recovery engineers.
These professionals are optimistic about their ability to recover and restore the hard drive, even after years in a landfill.
The team has challenged the council's concerns, drawing on precedents of successful data recovery in extreme conditions.
Despite Howells' offer to share the proceeds from the recovered Bitcoin with the financially struggling council, his requests have been rebuffed.

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