Dogecoin’s (DOGE) growth is significantly attributed to support from Tesla CEO Elon Musk, whose mention of the meme cryptocurrency has attracted investor interest.
Recently, after seemingly taking a break, Musk appears to have resumed promoting DOGE through his X account. One of the latest developments occurred on September 7, when he made a post that was viewed as indirectly alluding to Dogecoin.
The post read, “Department of Government Efficiency,” abbreviated as “DOGE.” It stirred conversation within the Dogecoin community, triggering anticipation of a possible price rally.
Building on the post, another user with the pseudonym “Dogedesigner” created a meme referencing Musk’s post. The image featured a photoshopped meme of Musk from the movie “The Lion King,” depicting the billionaire as Rafiki holding up Simba, symbolizing Dogecoin alongside the acronym DOGE.
Interestingly, Musk reacted to the post, suggesting that the image should be the mascot of the purported government agency.
Additionally, Musk once again referenced the meme token when recalling his attempts to promote it during his 2021 Saturday Night Live (SNL) appearance. While reminiscing about the moment during an appearance on the All-In Podcast, Musk revealed that he went off script.
Overall, Dogecoin has reacted positively to Musk’s mentions, with the token showing notable short-term strength. Notably, the gains by Dogecoin have likely come as a surprise, considering the meme coin has recently shown minimal reactions to Musk’s mentions.
Dogecoin price prediction
Based on Musk’s renewed promotions, ChatGPT-4o analyzes how Dogecoin might trade in the coming days. The AI tool offered three possible scenarios based on this.
In a bullish case where the SpaceX founder maintains positive mentions about the coin and its possible integration into his companies, DOGE could rally between $0.12 and $0.15 in the short term.
In a moderate case where Musk cools down on his mentions, ChatGPT-4o predicted that Dogecoin could stabilize at its current level, provided the market sentiment remains positive. The tool foresees the meme coin trading between $0.10 and $0.12.
Alternatively, if the general market sentiment remains bearish and Musk’s promotions are viewed as lacking substance, the AI model noted that DOGE could plunge to around $0.08 to $0.09.
On the other hand, with Dogecoin seemingly enjoying short-term bullish sentiments, crypto analyst Ali Martinez, in an X post on September 9, offered several possible price movements at play for the meme coin.

The expert observed that Dogecoin was forming a classic “falling wedge” pattern on the daily chart, typically viewed as a bullish reversal trend. According to Martinez, the cryptocurrency’s ability to maintain a close above the $0.10 mark could trigger a breakout, likely ushering in a rally toward the $0.15 level.
Dogecoin price analysis
At press time, Dogecoin was trading at $0.102, reflecting daily price gains of almost 5%. On the weekly chart, DOGE is up over 5%.

Despite the short-term positive momentum, DOGE’s technical analysis points to a more bearish outlook, possibly aligned with the near-term market sentiment. According to one-day gauges retrieved from TradingView, a summary of the indicators aligns with ‘neutral’ same to moving averages at 8 and 1, respectively. On the other hand, oscillators are for a ‘sell’ sentiment with ratings of 2.
Finally, with the cryptocurrency market showing weakness at the moment, Musk’s mentions of DOGE will go a long way in helping stabilize the price above the $0.10 support level.
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Latest technical indicators suggest that XRP investors may have to wait longer for a price breakout, as the token is flashing bearish signals.
In this context, cryptocurrency analyst Alan Santana highlighted the bearish probability in a TradingView post on September 1, noting that this signal emerged after XRP broke below the critical 55-day exponential moving average support level.
Notably, this level has historically indicated significant downward movement. According to Santana, XRP has been testing the EMA55, and the drop could signal the start of another major decline. This pattern is not new; similar breaks below the EMA55 in April and August led to substantial drops in the token’s value.

The analyst indicated that XRP could be on course to test lower support zones. Specifically, the next potential targets are in the $0.453 to $0.455 range, marked by the 0.786 Fibonacci retracement level.
If the bearish momentum intensifies, the cryptocurrency could drop to as low as $0.388, a critical support level highlighted by the 0.886 Fibonacci retracement.
While Santana emphasized that the bearish signal needs further confirmation, he noted that current market conditions and historical precedents suggest a high probability of continued downward movement. The formation of long-term and short-term lower highs, coupled with strong bearish action, supports this outlook.
Indeed, this bearish prediction comes when XRP faces increased pressure after Ripple unlocked one billion tokens on September 1. While token unlocks often lead to short-term price declines due to increased supply, the long-term impact depends on various factors, including market sentiment, project fundamentals, and overall market conditions.
XRP’s bullish outlook
Looking at the long-term price projection, a crypto analyst with the pseudonym Brett Crypto pointed out that XRP seems stuck in a time loop. The expert noted that despite the long-awaited resolution of its legal entanglement with the Securities and Exchange Commission (SEC), XRP’s price remains in a tight range, oscillating between $0.49 and $0.61.
According to technical analysis, XRP is bouncing around key Fibonacci retracement levels, a telltale sign that the cryptocurrency is moving in a predictable pattern. Historical price data also suggests that XRP has been in this position before, and each time, the price either catapults higher or sinks lower, depending on market sentiment.
Brett Crypto noted that if XRP breaks out of the current price level, it might lead to “financial fireworks,” with the next high target at $0.90.
XRP price analysis
As of press time, XRP was trading at $0.55 with daily losses of about 1.5%. On the weekly chart, the token is down over 7%.


Overall, amid the current movement, XRP is showing moderate volatility at 5.03%, indicating that the token has not experienced extreme swings and reflecting a relatively stable trading environment.
At the same time, the 50-day simple moving average (SMA) for XRP is $0.577181, which is slightly above its current price. Trading below this short-term average suggests a bearish trend, with potential resistance around this level if XRP continues to trade below it.
On the other hand, the 200-day SMA is $0.546855, indicating a bullish market happens when,an extended period of time.) long-term trend. Being close to the 200-day SMA suggests that XRP is near a key support level; holding above this level could be crucial for any potential upside.
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Social media personality and former kickboxer Andrew Tate is known for his involvement in the cryptocurrency sector and commitment to making further investments in select digital assets.
In his latest move, Tate announced plans to invest $1 million in Daddy Tate (DADDY) coin once he reached 10 million followers on the X social media platform.
Tate’s growing follower base, currently around 9.9 million, has contributed to the short-term growth of the Solana-based meme coin.
Over the past few months, Tate has actively promoted DADDY, including burning over $150 million of the token to influence its supply and value.
Impact of Tate’s $1 million investment in DADDY
If Tate follows through with his planned investment, it will significantly contribute to DADDY’s utility, which he has promised to push to $1 billion in market capitalization.
This potential $1 million purchase comes in the wake of accusations against Tate of insider trading related to DADDY. At launch, insiders purchased 30% of the total supply, with Tate’s wallet linked to this activity.
Notably, the token ecosystem is expanding its utility, including the planned introduction of staking. With staking, users can stake their tokens in exchange for TRW tokens, further enhancing the coin’s functionality.
Additionally, Tate plans to integrate DADDY with his Real World University, offering exclusive access to holders of the meme coin.

Like other meme coins, DADDY faces controversy regarding token distribution among a few investors. As of August 26, data from Solscan indicates that the top ten accounts hold over 22% of the token’s supply.
Elsewhere, Tate has previously expressed his dissatisfaction for the traditional finance system, prompting him to make a commitment to convert $100 million worth of fiat currency into Bitcoin (BTC).
DADDY price analysis
Overall, DADDY has experienced significant volatility but recently showed bullish momentum, breaking above key resistance levels.
As of press time, the token was valued at $0.093, reflecting a weekly growth of about 28%. On the daily chart, DADDY is up 15%.
In the meantime, with the meme coin still lacking key fundamental drivers of price growth, DADDY investors will rely on overall market trends and hope that Andrew Tate and his brother Tristan Tate avoid further legal troubles in Romania.
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As the larger part of the cryptocurrency industry is going through a cooldown, the popular dog-themed meme coin Shiba Inu (SHIB) is no exception, as it is recording declines on all of its recent price charts, and machine learning and artificial intelligence (AI) algorithms are not optimistic.
Indeed, the crypto winds seem to have slowed down lately for the majority of digital assets, including Shiba Inu, the currently 13th-largest asset in the crypto sector by market capitalization, despite the latest innovations in the form of the launch of the ShibTorch burn portal on the Shibarium network.

Shiba Inu price prediction

As for its performance in the following weeks, Shiba Inu could continue to trade in more or less the same manner, concluding the month at the price of $0.000013, which is what advanced AI and machine learning models deployed by crypto market analytics and forecasting platform Price Predictions project for August 31, 2024.

More recently, however, it has come to light that SHIB is facing selling pressure from futures trades, considering that the Coinglass Crypto Derivatives Visual Screener’s plot of SHIB’s open interest (OI) versus price demonstrates that shorts are opening, signaling that traders are anticipating further declines.
Shiba Inu price analysis

For the time being, SHIB is changing hands at the price of $0.00001333, reflecting a 1.51% decline in the last 24 hours, dropping 4.92% across the previous seven days, and accumulating a loss of 25.16% over the past month, albeit advancing 29.41% since the year’s turn.

Ultimately, SHIB could continue making bearish movements (or lack bullish ones) toward the end of this month, although the market could yet price in the positive developments in its ecosystem. Regardless, doing one’s own research and keeping up with any SHIB news is critical when investing in this crypto asset.
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With renewed optimism in the cryptocurrency market, traders have jumped again into meme coin speculation driven by the fear of missing out. As a cautionary tale, a crypto trader just lost nearly $900,000 worth of Solana (SOL) in this player-vs-player game.
On August 8, Lookonchain urged investors to “please don’t FOMO buy meme coins” while reporting these millionaire four-hour losses. This particular token was Restore The Republic (RTR), with a political bias in anticipation of the U.S. presidential election.
As reported, the anonymous trader bought 7.2 million RTR with 5,800 SOL, worth $916,400. This purchase happened at the meme coin’s highest price, indicating a fear of missing out that backfired.
Four hours later, RTR crashed, forcing the trader out of their position, capitulating for 113.3 SOL, worth $18,000. With that, $898,500 vanished from this speculator’s wealth, distributed to the ecosystem after an emotional play, according to Lookonchain.

Political and celebrity meme coins
The rise and popularity of meme coins marked 2023 and 2024 crypto bull rallies, getting traders’ attention and money. These cryptocurrencies are known for not having a clear value proposition, simply representing an idea or internet meme.
In particular, political and celebrity-themed tokens made the most success among speculators, moving billions of dollars in decentralized exchanges (DEX). From Donald Trump to Iggy Azalea and Andrew Tate-related tokens, crypto traders won and lost capital following FOMO from one speculation to another.
Experts usually relate meme coins to the “Greater Fool Theory,” which studies the rise and fall of financial bubbles. According to the theory, people who buy into overvalued assets can still profit from “greater fools” who buy after them. At one point, however, new buyers will become scarce, leading to aggressive crashes like seeing with RTR.
Thus, cryptocurrency traders and investors should avoid becoming the "greater fool" by investing in buzz-driven assets and favor solid fundamentals instead.
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As the world wakes up to the widespread crash of multiple markets, including in the cryptocurrency industry, Shiba Inu (SHIB) is no exception to the ongoing situation, recording massive declines across charts, and artificial intelligence (AI) algorithms are pessimistic as well.
Indeed, Shiba Inu has followed the wider trend in the crypto sector, which has seen quite a few crypto assets dipping dramatically, including the flagship decentralized finance (DeFi) asset, Bitcoin (BTC), which itself has witnessed a price decline of over 15% in a single day.
Shiba Inu price prediction
In this context, the advanced AI and machine learning algorithms over at the crypto analytics platform PricePredictions suggest that the decline might continue for the popular doge meme token, culminating with a price tag of $0.000009730 on August 31, 2024, as per data retrieved on August 5.

Specifically, this price target, if correct, would indicate a decline of 14.72%, according to the platform’s algorithm, which employs technical indicators like moving average convergence divergence (MACD), relative strength index (RSI), average true range (ATR), Bollinger Bands (BB), and others.
On the other hand, Aaron Arnold, the host of the Altcoin Daily channel, has singled out Shiba Inu as one of the meme coins that could potentially explode before 2025 – as part of the several altcoin narratives to pay attention to and position oneself for a projected altcoin surge.
It is also worth noting that SHIB gained prominence in Q4 2024, experiencing remarkable growth alongside Litecoin (LTC) and Solana (SOL) in terms of crypto payments, surging after CoinGate added support for it on the BSC and Polygon (MATIC) networks, according to the platform’s report from July 25.
Shiba Inu price analysis


For the time being, Shiba Inu is changing hands at the price of $0.00001141, which represents a 19.22% decrease in the last 24 hours, a drop of 33.48% across the previous seven days, an accumulated loss of 26.85% on its monthly chart while still holding onto the 13.64% gain since the year’s turn.
Overall, things might look bleak for the price of SHIB in the following few weeks, as well as for the majority of assets in the crypto sector, but they might not stay that way. That said, doing one’s own research and keeping up with any SHIB news is important when investing, as trends can easily change.
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Bitcoin (BTC) has once again failed to breach the $70,000 resistance zone, exhibiting volatility in the last 24 hours, with the crypto dropping to below $67,000 at some point.
Indeed, Bitcoin failed to capitalize on Republican presidential nominee Donald Trump’s bullish sentiments about incorporating the crypto into the United States Treasury.
Despite Bitcoin’s short-term price volatility, analysts maintain that the maiden crypto is destined for a new all-time high. Particularly, in an X post on July 27, analyst apsk32 indicated that Bitcoin’s historical price movement models have a target of about $200,000.
The analyst detailed an examination of Bitcoin’s price movements over the past 13 years, which has provided a striking prediction for its future. In projecting the next Bitcoin target, the analyst deployed a combination of a power law and an exponential decay model.
Notably, the “Bitcoin Power Law Cycle Cloud” illustrates Bitcoin’s historical price behavior within two primary bounds: the power law lower bound and the exponential decay upper bound. These bounds create a channel within which Bitcoin’s price has oscillated, adhering closely to these mathematical models over the years.

According to apsk32, the lower bound of this channel is defined by a power law equation, which has reliably supported Bitcoin’s price. The upper bound, meanwhile, is determined by an exponential decay of the peaks, effectively capping the highest values that Bitcoin has achieved.
Bitcoin’s $200,000 peak
Based on the analysis, Bitcoin is projected to reach a peak of $200,000 by 2025. This peak prediction aligns with the upper bound established by the exponential decay model. However, the projection doesn’t just stop at the peak. Following this anticipated high, Bitcoin’s price will decline significantly, falling to around $85,000 by 2026.

“A power law equation provides a lower bound, and an exponential decay of the peaks provides the upper bound. We can hope it will change while staying aware of this 13-year trend. What does that mean for this cycle? (1) Bitcoin will peak at or below $200k in 2025. (2) Bitcoin will fall to $85k in 2026,” the expert said.
It’s worth noting that the power law and exponential decay models have consistently predicted Bitcoin’s price movements over the past 13 years. Interestingly, apsk32 pointed out that the model aligns with predictions made by other key players, such as MicroStrategy’s (NASDAQ: MSTR) Michael Saylor, who has shared different price targets for the cryptocurrency.
Speaking at the 2024 Bitcoin Conference, Saylor predicted that in a base scenario, Bitcoin could reach $13 million, or 7% of global wealth, with a market cap of $280 trillion and an annual return of 29%. Saylor envisions Bitcoin soaring to $49 million, or 22% of global wealth, in a bullish scenario.
Bitcoin price analysis
Bitcoin was down almost 1% in the 24-hour timeframe by press time, trading at $67,470. On the weekly chart, it is up nearly 0.8% after recording a high of about $69,300.
As things stand, Bitcoin’s main obstacle remains reclaiming the $70,000 mark, but investors should keep an eye on the $67,000 support.
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The AI platform recommended investments in Ethereum (ETH), Polkadot (DOT), and Solana (SOL). Since then, the cryptocurrency market has experienced significant movements, and those who took the advice of ChatGPT have seen notable returns on their investments.

Ethereum was trading at $2,087 on December 2. As of today, the second-ranked crypto by market cap is trading at $3,485, representing an increase of approximately 67%. Notably, Ethereum continues to show potential for further gains, considering the market is anticipating the rollout of the spot Ethereum exchange-traded fund (ETF) in the United States.
On the other hand, Polkadot was trading at $5.4 on December 2, and it is now trading at $6.26, marking an increase of about 15.93%.
Solana was trading at $59 on December 2, and today, it is trading at $178, an increase of approximately 201%. Indeed, SOL was partly aided by network-specific catalysts, such as the significant interest in the meme coins launched on the platform.
The cryptocurrency portfolio returns
In gauging the return of this portfolio, an initial investment of $1,000 should be assumed to be equally divided among the three altcoins. This means $333.33 was invested in each altcoin. For Ethereum, an initial investment of $333.33 would have bought approximately 0.1597 ETH, now worth about $556.01.
With Polkadot, the initial investment would have bought approximately 61.73 DOT, now worth about $386.43. For Solana, the initial investment would have bought approximately 5.65 SOL, now worth about $1,006.70.
Summing up each investment’s current values, the portfolio’s total value today is approximately $1,949. This means the initial investment of $1,000 has yielded a profit of $949, translating to a 94.91% return.
Therefore, investors who followed ChatGPT’s altcoin portfolio recommendation back on December 2 have nearly doubled their initial investment. It is worth noting that during this period, the altcoins recorded significant price increases, aligning with Bitcoin’s all-time high recorded in early 2024 in the wake of the approval of the first Bitcoin ETF in the US.
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Donald Trump was shot in the ear during a Pennsylvania rally on July 13, suddenly boosting the candidate’s popularity. The prediction market now prices a 70% chance of Trump winning the 2024 U.S. presidential election, up 10% day-over-day.
As observed, the former president’s popularity has increased over time but had an impressive boost with the recent event. Related keywords are trending everywhere, evidencing the significance of what happened on Saturday for the country and the presidential election.

More Donald Trump and presidential election’s related predictions
Moreover, Polymarket traders are also betting on related predictions to Donald Trump’s assassination attempt and the election. For example, the market puts a 79% chance of the shooter being a “rogue actor” while saying there is a 100% chance that the gun used in the event was real.
From another perspective, 45% of the market believes Joe Biden will drop out of the presidential race, dividing opinions.

How Polymarket’s prediction market works
Prediction markets have been provably accurate sources of future events, often more precise than legacy polls and surveys.
Notably, the cryptocurrency market and the use of cryptocurrencies to place bets and receive rewards have opened the doors for traders worldwide to profit from accurate predictions and asymmetries, increasing the value and accuracy of these markets as the volume and accessibility grew.
Essentially, if someone believes Donald Trump has a better chance than 70% of winning the 2024 presidential election, he can profit from purchasing a share of this prediction, worth $0.70. If Trump wins, everyone with a “win” bet will receive $1 per share, profiting $0.30 per share.
As things develop, the odds of a win are expected to change, and the prediction market is now closely watching.
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As Bitcoin (BTC) attempts to hold above the $57,000 mark, a crypto analyst has warned that investors might need to brace themselves for further correction.
In a July 8 post on TradingView, analyst Alan Santana provided a detailed breakdown of Bitcoin’s current bearish trends, supported by crucial volume indicators and price movements.
Santana’s analysis focused on significant volume trends observed over the past few months. For instance, on March 5, Bitcoin experienced its highest daily volume in years, but the session closed red.
This high-volume day marked the beginning of a 111-day trend of decreasing volume, broken on June 24 with a volume breakout. That trading day saw above-average volume and closed in the red, indicating strong selling pressure.
On July 5, Bitcoin saw another high in daily trading volume, with the session once again closing red, reinforcing the bearish sentiment.

Notably, Santana raised critical questions and provided insights based on these observations. The highest volume in years on a bearish session indicated that significant selling pressure began on March 5, as a bearish close accompanied the high volume.
The break of the decreasing volume trend on June 24 with a volume spike and a bearish close suggests a continuation of selling pressure, leading to new lows.
He noted that Bitcoin is trading within a descending channel, indicating a clear bearish trend. This channel’s upper and lower bounds have acted as resistance and support, respectively.
Price levels to watch
Santana’s analysis indicates that the volume trend shows a consistent decline until the breakout on June 24, followed by another spike on July 5. The expert highlighted crucial support levels around $44,000 and resistance levels near $72,000.
Bitcoin’s price action suggests it might test the lower support levels if the bearish trend continues.
The expert noted that the bearish wave for Bitcoin continues to unravel. The volume indicators and recent price action suggest that bears have the upper hand. Selling pressure is evident, and the scarcity of buyers further strengthens the bearish outlook.
As a result, Bitcoin might be heading towards the $50,000 mark, potentially testing lower support levels around $44,000.
Bitcoin price analysis
After dropping to around $54,400 in the last 24 hours, Bitcoin has recovered, trading at $57,190 by press time. However, the daily and weekly timeframes reflect the bearish sentiment, having plunged by 0.25% and 9.5%, respectively.


Over the past seven days, Bitcoin has been on a downtrend influenced by key events. Initially priced at $62,660, Bitcoin saw a decline, hitting a low around July 6, likely due to a significant Bitcoin transaction by the German government. Despite a brief recovery, another dip followed the announcement of Mt. Gox repayments.
The price has found strong support at $56,000, rebounding multiple times from this level. Resistance at $60,000 has proven challenging to overcome and should remain on investors’ radar.
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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%.


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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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