$USUAL Last time i invested in crypto was Safemoon. Invested 500$ and at one point i saw 45000$ in my wallet. Hoped for lambo, and did not sell. Ended up selling at 5000$…
$USUAL Last time i invested in crypto was Safemoon. Invested 500$ and at one point i saw 45000$ in my wallet. Hoped for lambo, and did not sell. Ended up selling at 5000$…
Shiba Inu (SHIB) aiming for $0.001 is an exciting prospect.
According to experts, reaching this target would require a significant 3,371% increase from its current price.
Several analysts are optimistic about SHIB's prospects. Shib Knight, a prominent crypto expert, predicts SHIB could climb to $0.001, representing a substantial leap from its all-time high of $0.00008845.
Other experts, like Javon Marks, point to technical indicators suggesting a potential tripling of SHIB's price, which could lead to a surge of over 162%.
While these predictions are promising, it's essential to remember that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.
Key Factors Influencing SHIB's Price: Adoption and Community Engagement: Increased adoption and strong community support can drive SHIB's price upward.
Technical Indicators: Analysts are watching for bullish patterns and indicators that could signal a price surge.
Market Trends and Regulatory Changes: Broader market trends and regulatory shifts can significantly impact SHIB's price.
Keep in mind that investing in cryptocurrency carries risks, and it's crucial to do your own research and consider your financial goals before making any investment $SHIB FOLLOW@Crypto beans for more information on how to trade the crypto market
Here are five meme coins that could potentially offer significant gains by 2025 based on their growth trends and community engagement:
• Dogecoin ($DOGE ): The original meme coin, Dogecoin, continues to lead the pack with strong community support and mainstream adoption. Recent integrations, such as tipping on Elon Musk's X (formerly Twitter), bolster its utility and popularity.
• Shiba Inu ($SHIB ): Known as "Dogecoin's rival," Shiba Inu has expanded its ecosystem with Shibarium, a Layer 2 blockchain aimed at faster transactions and lower fees. Partnerships for SHIB payments have also increased its real-world use.
• Pepe Coin ($PEPE ): Inspired by the popular Pepe the Frog meme, PEPE has become a community favorite. Its deflationary tokenomics and strong whale activity suggest continued growth potential.
• Floki Inu ($FLOKI): Created in honor of Elon Musk's dog, FLOKI combines memes with utility through its DeFi platform and a metaverse game, Valhalla. These features position it as more than just a meme coin.
• BTFD Coin ($BTFD): A newcomer to the meme coin space, BTFD offers unique features like staking rewards and a play-to-earn (P2E) game. Its presale has attracted significant interest, making it a coin to watch for long-term potential Note: Remember, while meme coins can deliver high returns, they are highly volatile and speculative investments. Conduct thorough research before investing!
Three probable rally reasons: Dogecoin, Shiba Inu, Pepe
Thursday's meme coin market cap was over $136 billion, up 7%.
Pepe corrected while Dogecoin and Shiba Inu rose.
Memes rallied with Bitcoin on Wednesday as it regained $100,000.
The drop drove out over-leveraged futures traders, and open interest recovered Thursday.
After a small dip on Tuesday, Bitcoin (BTC) is over $100,000. BTC's loss caused meme coins to collapse at the start of the week, but they recovered on Wednesday.
Dogecoin (DOGE) and Shiba Inu (SHIB) gained somewhat on Thursday, while Pepe (PEPE) corrected.
Meme coin market cap exceeds $136 billion As leading meme tokens rebounded from losses earlier this week, the meme coin sector's market valuation rose 7% in 24 hours. The market cap exceeded $136 billion, according to CoinGecko.
DOGE gained somewhat on Thursday and is now trading about $0.41500, roughly 14% below its 2024 top of $0.48434.
On derivatives exchanges like Binance and OKX, the long-to-short ratio is above 4. As the ratio is far over 1, most traders are long because market sentiment is favorable.
Thursday saw increased interest in Shiba Inu (SHIB) and Pepe. 1000PEPE (a financial derivative created from PEPE/USD x 1000 Index price) increased OI by 3.22% while SHIB open interest rose by less than 0.5%.
Profitable bitcoin traders may switch to meme currencies. On-chain data from Santiment shows Bitcoin's network realized profit/loss measure rising. Large NPL increases imply traders' profit-taking. After taking gains, traders have moved from Bitcoin to altcoins in prior cycles. We term this “capital rotation.”
If the trend continues, Bitcoin traders may switch gains to meme currencies, boosting demand and strengthening DOGE, SHIB, and PEPE.
Dogecoin, Shiba Inu, and PEPE transaction volumes spiked. Spikes corresponded with price increases, which is beneficial.
Rising transaction volume and price rises in the same period indicate greater trader relevance and demand, which might arise from exchange platform influx.