Is Shiba Inu in Golden Cross Territory Going to Zero by 2024?

The crypto market is down 1% today, while Shiba Inu has down 3% in 24 hours to $0.00002462.

SHIB has gained 2% in a week and 31% in a month after Donald Trump's presidential win. Its one-day chart created a golden cross.

This suggests the currency has entered a longer-term bull phase, with additional rallies probable as more purchasers enter a euphoric market.

Is Shiba Inu in Golden Cross Territory Going to Zero by 2024?
Today, SHIB's resistance (red) and support (green) levels form a bullish pennant, indicating a favorable period.

This means that the coin's price will break out shortly, maybe within a day.

Bullish that SHIB's 30-day average (orange) continues to climb above the 200-day (blue), indicating that its golden cross phase of a few weeks ago is just starting.

Along with these signs, the coin's trading volume is still significant, at $2 billion, 233% greater than 30 days ago.

This shows demand for SHIB, which has seen substantial transfers in the previous week.

As long as the Bitcoin market stays in its post-election bull market, the Shiba Inu price should grow dramatically in the following weeks and months.

Given its improving fundamentals, it may be better positioned than other meme tokens to benefit from a bullish 2025.

Shibarium, SHIB's layer-two network, was launched in August 2023, among other releases that have increased its value.

Shibarium's 4.5 million transactions have grown the Shiba Inu ecosystem and accelerated SHIB token burning.

Recently, more Shiba Inu games have launched, including SHIB: The Metaverse, which is long-awaited, might boost the coin's valuation next year.

It may hit $0.000030 in the next weeks before reaching $0.000040 in 2025.

#SHIB #MEMEalpha $SHIB

BlackRock Bitcoin ETF Options Rise: December 20 Call Sets $180,000 BTC Target

BlackRock, the world's biggest asset manager, started options trading for its iShares Bitcoin Trust. After regulatory clearance in January,
Bloomberg predicts that options trading on the $43 billion iShares Bitcoin Trust will minimize volatility and expand Bitcoin's investment base.

In a Bloomberg Television interview, Galaxy Digital head of firmwide research Alex Thorn said Bitcoin's volatility would reduce as it gains popularity. “Options will dampen volatility, and as volatility drops, people can take larger positions,” he said.

A drop in volatility might change investor opinion, making Bitcoin a viable asset for fundamental use cases rather than a speculative bet, Thorn said.

Options will let institutions hedge their holdings, boosting liquidity and perhaps affecting retail trading in positive markets.

Call options rule BlackRock's Bitcoin ETF. Bloomberg ETF analysts Eric Balchunas and James Seyffart reported roughly $1.9 billion in IBIT notional exposure across 354,000 contracts on Day 1 of options trading.

These futures included 289,000 calls and 65,000 puts, a bullish call-to-put ratio of 4.4:1. Seyffart said this huge demand in call options helped Bitcoin reach $94,000 on Tuesday, a new record high.

However, Balchunas said that most options contracts are positive, notably the December 20 call option, which wagers that Bitcoin will double in a month. Based on current pricing, speculators estimate BTC will reach a record high of $180,000 by that date.

Balchunas called BlackRock's Bitcoin ETF's put/call volume ratio "impressive," noting that the ratio of 0.17 signals significant positive sentiment compared to the SPDR S&P 500 ETF (SPY)'s 1.1.

Marty Party, a market specialist, said on social media that iShares Bitcoin Trust options will settle in Bitcoin. Investors may directly track BTC price fluctuations without using crypto exchanges when an option contract is executed.

#BTC93KNewATH #BitcoinETFOptions #BitcoinStrategy $BTC

XRP may rise to $2 as on-chain measures show optimistic enthusiasm

Ripple's XRP exchange reserve drop and open interest rise indicate investor optimism.

XRP's projected leverage ratio indicates significant leverage risk, and peaks frequently cause a correction.

XRP might reach $1.96 if the rounded bottom pattern holds.
On Wednesday, Ripple's XRP remains the highest-performing cryptocurrency in the top 20 by market value, with a 50% weekly increase to $1.11. As strong sentiment persists, on-chain statistics and technical patterns suggest the remittance-based coin might surge to $1.96.

XRP's on-chain data shows massive bullish momentum.
The biggest XRP reserve, Korean exchange Upbit, had approximately 250 million XRP token withdrawals in the previous week, according to CryptoQuant. The data below shows Upbit's XRP reserve at 6.3 billion XRP, a four-month low due to withdrawals. Binance's XRP reserve started falling after peaking on November 12.

A decline in an asset's exchange reserve suggests increased purchasing pressure, which may raise prices.

According to Coinglass data, XRP's futures open interest reached an all-time high of $1.98 billion on Sunday before settling at $1.84 billion in the early Asian session on Wednesday, indicating optimistic optimism.

Derivatives market open interest is the number of contracts outstanding.

XRP's estimated leverage ratio (ELR) suggests investors anticipate the rally to continue. The ratio rose to 0.17 on Saturday, its highest level since January.

Technical analysis: XRP may surge again if rounded bottom pattern holds.

XRP soars over $1.10 following $9.62 million in futures liquidations. Long and short liquidations were $6.23 million and $3.38 million.

After a 100% spike in two weeks, XRP is nearing a rounded bottom on the weekly chart.

XRP might climb to $1.96 if it maintains a prolonged advance over its three-year barrier of $1.35.

XRP will reach $2 for the first time in six years if it breaks this obstacle.

#XRP #Ripple $XRP

Crypto Analyst: Bitcoin Price Forms Bullish Symmetrical Triangle, Next Stop $100,000

Bitcoin prices have created a bullish symmetrical triangle formation, a technical signal of rising momentum. After the Bitcoin price achieved an all-time high of $93,477 on November 14, this pattern development has occurred between $93,477 and $85,970.

This bullish symmetrical triangle was seen on social media by crypto analyst Stockmoney Lizards, who developed the Satoshimeter indicator.

Symmetrical Triangle Indicates Bitcoin Price Breakout

A symmetrical triangle forms when a descending resistance line and an ascending support line merge, signifying consolidation. As the price reaches the top of this pattern, it usually breaks out in the trend.

For the previous week, Bitcoin's daily candlestick price movement has been lower highs and higher lows. This structure has tightened the Bitcoin price range, which will break out in either direction.

Bitcoin's rise predicts a breakthrough over the symmetrical triangle's top trendline, slightly around $91,000. Analysts need a trading volume surge and two consecutive closes above the trendline to validate a breakthrough.

The Stockmoney Lizards said, “The current setup suggests a potential breakout to the next level. All sights on 100k. Retail investors will destroy the confectionery shop and the fun begins.”

If verified, such a breakthrough may push Bitcoin beyond $100,000, triggering a flood of inflows into other cryptocurrencies.

Bitcoin's Next Goal: $100,000

Since the bull cycle began, Bitcoin fans and experts have focused on $100,000. Since Bitcoin went over its March high of $73,737 earlier this month, demands for a $100,000 price goal have increased.

In the previous 24 hours, Bitcoin has hit $92,653 and is now at $91,770. After Stockmoney Lizards' technical analysis, it broke out of the symmetrical triangle. Interestingly, the analyst updated his research to note this breakthrough.

#BTC93KNewATH #BitcoinETFOptions #BitcoinStrategy $BTC

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#BTC93KNewATH #MEMEalpha #BitcoinStrategy

Bitcoin, Ethereum, Ripple: BTC peaks above $93,900

Bitcoin hits a new high of $93,900 on Tuesday, indicating an uptrend.

Ethereum is retreating toward $3000, its crucial support level.

Resistance at $1.13 suggests a short-term pullback for ripple price.

Bitcoin (BTC) hit a record $93,900 on Tuesday, indicating a move toward $100K. However, Ethereum (ETH) and Ripple (XRP) displayed weakness and predicted a decline at important resistance levels.

Bitcoin bulls want $100K.

Bitcoin hit $93,905 on Tuesday, a record high. Wednesday's trading price is $91,900, down marginally.

BTC might climb above $100,000, a psychological milestone, if it continues.

BTC might fall to roughly $85,000 (November 12 low) if it breaks $87,000. A successful closing below this level might precipitate a sell-off to $78,800 (the 141.4% Fibonacci extension from July's high of $70,079 to August's low of $49,000).

Ethereum will fall if it closes below $3,000.
Ethereum price declined more than 7.8% until Tuesday after facing resistance around the weekly level of $3,454 on November 12. On Wednesday, it keeps falling near $3,100, reaching the psychologically critical $3,000.

If ETH falls below $3,000, it may retest its 200-day Exponential Moving Average of $2,806.

ETH will climb to retest its psychologically crucial $4,000 barrier if it breaks and closes above weekly resistance at $3,454.

With rejection near $1.13, Ripple price will fall.
After numerous rejections around $1.13 since Sunday, Ripple price fell little till Tuesday. Even Wednesday, it trades around $1.08.

Suppose XRP falls below $1.13. Retesting $0.938 support might prolong the drop.

If XRP closes over $1.13, it will climb to $1.37, its daily barrier level.

#BTC93KNewATH #XRP #ETH $BTC

Crypto Analyst Defines Dogecoin Price Top for Cycle

Meme coin Dogecoin seems to be consolidating below $0.4. In the previous five days, Dogecoin has dropped below $0.4 to $0.343. DOGE's price performance will raise the question of whether this bull cycle has peaked.

Not all market participants share this view.

This cycle's Dogecoin peak?

The Dogecoin price surge has halted from November 13's three-year high of $0.4265. Kevin noted that the Dogecoin price has more opportunity to grow using an interesting technical signal. His study implies DOGE's price peak for this cycle might reach $3.9, quadrupling its all-time highs.

Kevin's prediction depends on a novel use of the Pi Cycle topping indicator, typically utilized for Bitcoin but remarkably accurate in monitoring Dogecoin price behavior per cycle. He says the indicator, which combines two moving averages with the Monthly Relative Strength Index (RSI), has properly anticipated Dogecoin price peaks and bottoms for years. In particular, the weekly candlestick Dogecoin price chart that accompanies this prognosis indicates that the Pi Cycle successfully anticipated 2018 and 2021 cycle peaks and troughs.

The expert noted that Dogecoin's Pi Cycle tops indicator's moving averages are trending in the same direction but not yet crossing. It seems like Dogecoin has more space for growth before its expected peak.

Kevin predicts a price peak of $3.9 using the 1.618 Fibonacci extension level from this cycle's Pi Cycle low. Historical Dogecoin price history shows that cycle peaks in 2018 and 2021 corresponded with the same Fibonacci extension level from their Pi Cycle lows. The analyst also recommended monitoring intermediate price ranges like $0.9 to $1.3 and $2.3 to $2.7 as thresholds for the expected cycle peak.

With 146.86 billion DOGE tokens in circulation, a $3.9 Dogecoin price would value it at $572 billion.

Dogecoin is now trading at $0.389, up 3.5% in 24 hours and down 5.2% in 7 days. The $3.9 Dogecoin price objective is 902% higher than the current price.

#MEMEalpha #DOGE $DOGE

The price of Ethereum is going down. Will it go back up?

Ethereum had a hard time breaking through the $3,220 barrier. It's getting closer to $3,060 for ETH.

Ethereum is getting stronger and is facing $3,200 problems.

The 100-hour SMA costs less than $3,120.

The ETH/USD hourly chart shows a trend line that points up, with $3,070 acting as support.

The pair may go up again if it breaks the $3,120 mark.
Ethereum Price Going Down Another attempt to break the $3,220 limit failed for Ethereum, but not for Bitcoin. ETH fell again below $3,150 and $3,120.

The price fell below $3,100 and hit $3,070. Since it hit a low of $3,069, the price is now stable. After the most recent drop from the $3,224 swing high to the $3,069 low, it tested the 23.6% Fib retracement of that drop.

With the 100-hour SMA behind it, Ethereum has dropped below $3,120. On the other hand, the ETH/USD hourly chart shows a rising trend line with support at $3,070.

On the way up, the price might run into trouble at $3,120. This drop from the swing high of $3,224 to the low of $3,069 was a 50% Fib retracement level, which is the first big obstacle. The main resistance is around $3,220.

If the price breaks clearly above $3,220, it could go above $3,350. If the price goes above $3,350, it could mean bigger gains in the next sessions. Ether could go through the roof above the $3,500 mark.

More losses in ETH?
If Ethereum can't break $3,150, it might go down again. The trend line, which is $3,060, is the first point of downward support. The first big gift is about $3,000 in value.

If the price really falls below $3,000, it could go below $2,880. If the price keeps going down, it may hit support at $2,740. The next important stop is $2,650.

Signs of Tech

For ETH/USD, the negative MACD is getting bigger.

RSI for one hour shows that ETH/USD is less than 50.

A lot of help: $3,060

The main obstacle is $3,150.

#ETH #BTC93KNewATH #BitcoinETFOptions $ETH

PEPE Mirrors 2021 Dogecoin Price Breakout, Here's How

Max said in an X post that PEPE is the Dogecoin of this cycle because to its price movement resembling the 2021 bull run. He said cryptocurrencies are seeing a higher time frame (HTF) higher low and a PEPE when Bitcoin breaks its prior cycle's ATH.

This occurred with Dogecoin in 2021, according to the currency creator. PEPE has broken out while others are retesting higher lows, mirroring Dogecoin's 2021 price behavior, according to his chart. Max expects PEPE to soar.

The crypto creator has compared PEPE to Dogecoin before. Last year, he compared PEPE's price movement to Dogecoin's in 2020. If it followed DOGE's price behavior, he projected a big price breakout this year.

When he predicted, PEPE's market valuation was $600 million. Since then, the top meme currency has risen exponentially to $8 billion. PEPE is one of the best-performing crypto currencies this year, up 1,400% YTD. According to Max's latest comments, PEPE's surge may be only the beginning as the joke currency replicates Dogecoin's 2021 price movement.

PEPE Making a Big Bull Flag

Crypto researcher and trader Crypto Zeus noted a possible ‘big’ bull flag for PEPE in an X post. The meme coin may continue its upward trajectory after this consolidation period with this bull flag. The expert also predicted a PEPE surge when Bitcoin achieves fresh highs.

Crypto researcher Chandler noted PEPE's bullish pennant. This bullish signal suggests the top meme currency will shortly continue rising. The analyst's graphic suggested PEPE may rise to $0.000038 on its next leg up.

After Coinbase and Robinhood's IPO, PEPE achieved a fresh ATH and seems to be calming down. According to CoinMarketCap, PEPE is trading at $0.00002017, down nearly 4% in 24 hours.

#MEMEalpha #PEPE #DOGE $PEPE

$DOGE

Will Dogecoin Finally Reach $10?

The poster child for memecoins, Dogecoin (DOGE), was developed in 2013. It started as a hate joke but became a crypto behemoth. Dogecoin lovers and doubters discuss if it can reach $10.

Rise Like No Other Dogecoin
From its lowest point, Dogecoin climbed 425368.85%. At $0.37, DOGE has a $53.91 billion market value. These large figures demonstrate Dogecoin's resilience in a tumultuous crypto market. Dogecoin's market valuation must reach billions to reach $10. Bitcoin's market value is slightly over $1.8 trillion, therefore $10 for DOGE is huge.

What affects Dogecoin's price?

Dogecoin's market success depends on many factors:

Market Sentiment: Dogecoin’s success depends on community-driven excitement and social media hype. DOGE prices have been pushed by Elon Musk's purchases and endorsements.

Use Cases: Dogecoin, a meme, is now useful. Some businesses allow tipping, microtransactions, and payment. Adoption may create demand on a large scale.

Bitcoin has a set supply limit, however Dogecoin does not. As 5 billion DOGE are created annually, inflationary supply might dilute demand.

Challenges to Dogecoin Reaching $10
Dogecoin must achieve a $1 trillion market value based on current circulating supply to reach $10. DOGE confronts these obstacles:

Market maturity: Institutional and retail acceptance is needed for this expansion. DOGE lacks stability and usefulness at this level of adoption.

Competition: The crypto market has dozens of options, from memecoins to utility initiatives.

Inflationary Supply: DOGE prices fall due to consistent supply. This inflation can only be addressed by growing demand faster than supply.

#DOGE #ElonMusk $DOGE

Shiba Inu burns 6,000% more: Now can SHIB break resistance to rally?

SHIB's bullish golden cross and RSI suggest a protracted rally.

On-chain indicators and lower exchange reserves indicate confidence and accumulation.

Shiba Inu [SHIB] has made headlines with a 6,000% burn rate increase and excellent price recovery. SHIB fell 1.25% to $0.00002521 at press time.

SHIB is reaching a major resistance level with strong technical indicators and on-chain activity despite this modest retracement. The key is whether SHIB can break through and maintain its rise.

Technical indications support SHIB's rise.
Shiba Inu's daily chart shows a golden cross, when the 50-day moving average exceeds the 200-day. This bullish indication frequently indicates sustained growth.

At $0.00002275, SHIB meets a key resistance level that was formerly a support. Breaking above this zone might push SHIB to $0.00004, a level not seen since its highs.

At 66.26, the Relative Strength Index (RSI) indicates strong purchasing. This is encouraging, however RSI hitting overbought levels may foreshadow a downturn.

On-chain activity diverges positively.

On-chain data from Shiba Inu shows a 50.91% positive price-DAA divergence. It shows increased network activity as SHIB's price increases, indicating more user involvement.

Bullish price activity usually follows divergences, indicating investor optimism.

Shiba Inu exchange reserves fell 0.46% to 138.75 trillion tokens in 24 hours. This fall suggests considerable accumulation due to diminished selling pressure.

Open interest rose 4.85% to $101.71 million, indicating optimistic market sentiment for Shiba Inu. This rise in open interest indicates increasing speculative activity and SHIB's growth potential.

Thus, positive sentiment and technical strength suggest a breakthrough.

The golden cross, lower exchange reserves, and favorable on-chain divergence position Shiba Inu for more gains. SHIB might reach $0.00004 if it breaks over $0.00002275.

#SHIB #Memecoins #90kCryptoZone $SHIB

Brad Garlinghouse's Thoughts on Ripple vs. Conventional Banking!

In an interview with Trina Robinson, Brad Garlinghouse, CEO of Ripple, addressed the rising concerns that XRP might disrupt conventional banking institutions. This could be the reason the SEC is pursuing legal action against Ripple. Although he denied the conspiracy allegations, Ripple's CEO did admit that the company is up against obstacles posed by US authorities.

The interviewee, Garlinghouse, expressed frustration over the challenges faced in expanding their company due to the actions of a US government entity that is not following the law. This was in reference to the SEC's determination that XRP is a security. A federal court sided with XRP, but the SEC has decided to appeal, prolonging the legal struggle.

Would Ripple Disrupt Conventional Banking?
The success of Ripple in simplifying cross-border payments may shake up conventional banking institutions, according to Garlinghouse, who was responding to an inquiry about SEC Chairman Gary Gensler's fixation on XRP.

Garlinghouse asserts that XRP's technology lessens the dependence on conventional banking institutions by providing access to financial services to the unbanked and underbanked. Garlinghouse hypothesized that XRP's status as a financial sector disruptor could be due to this innovation.

Choosing Victors and Victims: The SEC's Role
The CEO made the following statement: "XRP was the second most valuable digital asset before the SEC got involved. But their actions seem to be picking winners and losers in the market, which is not how our government should operate."

According to Garlinghouse, XRP will continue to thrive in the market because of its global popularity and the certainty that will come from clear regulations. According to him, in five years' time, the XRP community and the objective of XRP to build an inclusive financial environment would be remembered with laughter.

#BitcoinStrategy #XRP #Ripple #XRP_ETF $XRP

Dogecoin To Peak In Next Parabolic Run?

Trader Tardigrade, a market analyst and crypto content maker, predicts a price increase for DOGE that may drive the crypto asset to a new all-time high, boosting community excitement about its short-term potential.

Trader Tardigrade's daring forecast on X (previously Twitter) suggests that DOGE's next rise might exceed its prior heights, based on past market indications and price patterns. DOGE hitting crucial Fibonacci levels should lead to a rocket-like price surge, according to the market expert.

Trader Tardigrade reports that Dogecoin has reached the Fibonacci region between 0.618 and 0.88, where it consolidated for many weeks as a stage station in the 2018 to 2021 market cycle.

Since Dogecoin has survived previous cycles, the analyst believes it will be “bound for a rocket ride” to a new all-time high if it breaks out of the zone. He says DOGE has a long way to go and that the price peak is only the first station.

This forecast is based on Dogecoin's expected $1 milestone in the current cycle. With the current all-time high at $0.7 as the first station on DOGE's expected rocket journey to new heights, $1 may be closer than we believe.

Trader Tardigrade also noticed that the mid-band of the Gaussian Channel, a technical indicator used to analyze momentum and price patterns, is supporting Dogecoin's expected price surge.

The third time this bullish tendency, which sometimes preceded major upswings, emerged. The analyst expects DOGE to pump to a new high with this price movement.

DOGE Regaining Growth

DOGE is rebounding after a small setback, signaling resumed positive momentum. This increased vigor has sparked bullish mood as massive cash has poured into the digital asset in recent days.

Dogecoin is reaching $0.40 with a 5% daily rise. Its trading volume rose roughly 26% in the last day, demonstrating investor confidence in the meme-inspired cryptocurrency.

#Dogecoin #DOGE $DOGE

Why Cardano (ADA) might achieve $1.50 in its next big move

ADA is at its highest level since March 2024, up about 120% from its lowest point this year. Some experts believe Cardano is ready for its next big rise, targeting $1.50.

The token's bullish momentum is supported by a one-day Golden Cross, a technical indicator that happens when the 50-day moving average crosses over the 200-day.

This pattern usually precedes significant rallies. ADA broke through resistance and moved into the 2.0 Fibonacci extension after its previous 1D Golden Cross in November 2023.

Positive momentum in the Relative Strength Index (RSI) supports positive optimism. According to TradingShot, ADA's RSI is following a similar fractal pattern to prior bullish cycles, signaling further gains until overbought.

This suggests that ADA may be ready for its next big move if it breaks $0.8 resistance.

If a breakthrough occurs, experts expect a surge to $1.40, the 2.0 Fibonacci extension and optimistic investors' next big goal.

Extra bullish considerations

Trend Rider said that ADA broke major resistance at $0.7174 by closing above the Parabolic Line.

The convergence of these optimistic factors may boost purchasing pressure, especially with news of a possible Cardano partnership with President-elect Trump.

Open interest in the futures market for ADA has above $550 million for the first time since March, hitting $582.9 million, according to CoinGlass.

This rise shows bullish interest as exchange net flows raise purchasing pressure.

Cardano cost analysis

ADA is now trading at $0.7283, up 30% in a week. Additionally, the token has grown 103% in the last month.

Cardano's recent advance, supported by strong technical indications, a favorable futures market, and investor confidence, suggests a $1.40 breakout

To assess the durability of this bullish trend, traders should be cautious and watch macroeconomic and RSI dynamics.

Strong support and expanding ecosystem interest suggest ADA might reach $6 by 2025, a record high.

#ADA #Cardano $ADA

Bitcoin: How will Trump's Treasury Secretary affect it?

Bitcoin held over $91,000 on Tuesday, boosted by Trump's cabinet picks and MicroStrategy's token purchases.

Bitcoin is holding at 91k after hitting a record high of 93.4K last week on the potential of crypto-friendly regulation under a second Trump presidency. Markets await Trump's successor and policy revisions.

BTC is boosted by Trump's Monday meeting with Coinbase CEO Brian Armstrong to explore second-term nominations. The discussion occurred as Trump chose his cabinet and speculation grew that the US may build a strategic Bitcoin reserve.

Treasury Secretary candidates

Trump's Treasury Secretary decision will have a major impact on crypto's future in the US. In addition to printing currencies, this section oversees national banks' IRS and financial crimes enforcement networks.

Last week, Cantor Fitzgerald CEO Howard Lutnick and Key Square Capital Management founder Scott Bessent were top possibilities. Now, Apollo Global Management CEO Mark Rowan and former Fed governor Kevin Warsh are running.

Elon Musk prefers crypto enthusiast Lutnick. The other three have also supported crypto, albeit Kevin Warsh and Marc Rowan are less so. Kevin Warsh is 44% likely to become treasury secretary, Scott Bessent 24%, Mark Rowan 16%, and Howard Lutnick 13.2%, according to polymarkets.

Pro-crypto candidates are more likely to make Trump's second administration crypto-friendly, which benefits Bitcoin.

US debt boom vs. Bitcoin shortage

While the Treasury pick is stalling the Bitcoin rally, crypto's outlook remains positive; Trump's economic policies of lowering taxes and massive stimulus injections could explode America's national debt, helping Bitcoin (with a limited supply) outperform other assets.

Institutional drive

As BlackRock's large Bitcoin trust saw $40 billion in inflows in 211 days, the institutional tilt toward Bitcoin is also growing. Overtakes other ETFs introduced in the recent decade.

#Trump #BitcoinETFOptions #90kCryptoZone $BTC

Is Goatseus Maximus Falling? GOAT Dangerously Close to $1 on Day 10% Drop

Newbie meme coin Goatseus Maximus ($GOAT) is perilously near to $1 after falling 9% in 24 hours.

$GOAT is at $1.01, therefore it risks losing the psychologically essential dollar footing. However, the month-old cryptocurrency is risen 240% in 30 days and has a $1.01 billion market valuation.

The 24-hour trading volume of $GOAT is staggering $382 million.

Today, the token trades against its sector. Meme coins gained 2% overnight and represent $126 billion of crypto's $3.2 trillion market valuation.

Dogecoin ($DOGE) rose 7% yesterday and 8.4% from Tuesday to $3.11.

Pepe ($PEPE ), the biggest non-canine meme currency, is down 5% today but up 56.4% this week.

Goatseus Maximus—The $GOAT?

Mid-October saw Goatseus Maximus trade. The meme is named by goat meme-obsessed sh*tposting X bot the Terminal of Truths' AI-generated tweets.

The bot was created by AI autonomy and cultural interaction researcher Andy Ayrey. Marc Andreessen of silicon valley investment company Andreessen Horowitz (a16z) gave $50,000 in Bitcoin ($BTC) to assist the bot in July, possibly for Goatseus Maximus joke currency development.

Since then, $GOAT has risen. An all-time high (ATH) of $1.36 was reached on November 17, but a selloff the following day has knocked it down 24%.

RSI for Goatseus Maximus is 40 and decreasing. Once this reaches 30, the token will be oversold and cheap, thus dip-buying might help it recover.

#GOAT #PEPE #SHIB $PEPE