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Dogecoin (DOGE) Key Indicator Surges 186%

Against the backdrop of a bleak outlook for the cryptocurrency market as a whole, Dogecoin (DOGE) offers a glimmer of hope for its holders. While the entire meme coin space currently looks pessimistic, the surge in Dogecoin’s trading volume is a key indicator of its future performance.

According to data, Dogecoin’s trading volume surged by 186.54% today to a staggering $1.37 billion. The surge shows that traders are not giving up on the leading meme coin despite the current bearish trend of its price.

Many cryptocurrency traders appear to be buying at low levels, indicating a growing interest in Dogecoin that could inject bullish momentum into its price in the long run.

At press time, DOGE is trading at $0.1175. The price has fallen by 6.18% in the past 24 hours, while it is down 25.48% in the past month. This suggests that the meme coin has underperformed recently and failed to gain any momentum.

Technical indicators show a more bearish outlook for Dogecoin. According to the data, Dogecoin is trading below its major moving averages. However, there is a small positive sign: Dogecoin's relative strength index (RSI) is 28.15. This indicates that the coin is in an oversold market state and the price may rise in the short term.

Considering the increase in trading volume, it seems that Dogecoin may gain some momentum from the current level. The meme coin relies heavily on community support, so the latest push from traders is likely to help Dogecoin rebound from the current level.

Overall, despite the current pessimistic market sentiment, the surge in Dogecoin's trading volume provides a glimmer of hope for its future trend. If the market sentiment improves, Dogecoin may rebound from the current level and bring new development momentum.

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BTC plummeted, is it a continuous short? Or a correction? ! Latest analysis and forecast

Current market conditions
1. Price trend:
- Current price: 61339.35 USDT
- Increase: -4.30%
- Opening price: 64096.01 USDT
- Highest price: 64434.98 USDT
- Lowest price: 60800.00 USDT
2. Technical indicators:
- Moving average:
- The 60-day moving average (MA 60) is located at 65812.94 USDT, showing strong resistance.
- MACD:
- Both the MACD line (blue line) and the signal line (yellow line) are below the zero axis, and the bar chart shows selling pressure. The current trend is bearish.

- Downward trend: As can be seen from the figure, after a period of rise, the price of Bitcoin has started to pull back in recent days and is currently in a downward trend.
- Support level test: The current price is testing the support level of 59795.57 USDT. If it can stabilize, this support level may become the basis for a rebound; if it falls below this support level, it may fall further.

1. Short-term forecast:
- Upward trend: If the price can hold the support level of 59795.57 USDT and rebound, the target level may be around 64000 USDT.
- Downward risk: If it falls below the current support level, it may fall to the second support level. The specific price is not indicated, but it may be around 55000 USDT.
2. Medium-term forecast:
- If market sentiment picks up and trading volume increases, the price is expected to break through the resistance level of 65812.94 USDT and rise further.
- But if market sentiment continues to be sluggish and trading volume continues to shrink, the price may fluctuate and consolidate in the current range.

- Conservative investors: It is recommended to wait and see, and wait for the price to confirm that it has broken through 65812.94 USDT before considering entering the market.
- Aggressive investors: Buy in appropriate amounts near the current support level, set the stop loss at 59,000 USDT, and the target at 64,000 USDT.

BTC/USDT is currently in the testing phase of key support levels. There may be a rebound in the short term, but there is also a downside risk. Investors need to pay close attention to technical indicators and volume changes, set stop losses and targets reasonably, and operate with caution.

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Cryptocurrency markets undergo a major correction: Bitcoin falls below $63,000

The cryptocurrency market has undergone a major correction over the past 24 hours. Bitcoin (BTC) is down 2.7% and is currently trading at around $62,636, down 5.82% over the past week.
Ethereum (ETH) has fallen even more, currently trading at $3,374, down nearly 4% over the past 24 hours and 6.06% over the week.

The global cryptocurrency market cap fell 3.7% to $2.29 trillion. Other major cryptocurrencies such as Polkadot (DOT), Solana (SOL) and Ripple (XRP) have seen declines ranging from 2.86% to 7.17% on the day. Shiba Inu (SHIB) has fallen nearly 6% over the past 24 hours and nearly 17% over the week.

Although cryptocurrency prices have historically been less affected by macroeconomic factors, the current market correction may be affected by broader economic uncertainties, including:
- Regulatory issues: Such as the US Securities and Exchange Commission (SEC) investigation into Ethereum. Although Ethereum has not been charged, other projects such as Solana and Polygon still face continued scrutiny.

- High inflation and high interest rates: These factors have caused investors to re-evaluate riskier assets such as cryptocurrencies.

While the market is correcting, there are still some positive developments:
- Ethereum spot ETF: Ethereum spot ETF may be approved this summer, which may attract more institutional investment.
- Bitcoin options market: Preference for $100,000 call options indicates that some investors are still optimistic about BTC's long-term prospects.

The cryptocurrency market is currently experiencing a sharp correction, and the prices of both Bitcoin and Ethereum have fallen. Investors need to pay attention to the impact of key support levels and macroeconomic factors on the market. At the same time, regulatory developments and institutional investment may have an important impact on the future trend of the market.

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SHIB Executive Issues Important Warning to Solana (SOL) Community

LucieShib, Marketing Executive at Shiba Inu (SHIB), issued an important warning to Solana (SOL) community members amid the increasing number of scams.

Lucie usually focuses on protecting Shiba Inu ecosystem members, but this time her warning is for SOL holders, especially those interested in airdrops. She pointed out that many Solana addresses posted by celebrities may have been hacked.

Recent airdrop scams often involve celebrity airdrop addresses, where community members contribute coins to these addresses, and scammers use these addresses to airdrop. In the past week, many celebrities' social media accounts have been used by hackers to commit scams.

In addition to 50 Cent, many celebrities have suffered similar attacks. This has prompted crypto celebrities such as Lucie to raise awareness of scams in the community. Lucie has been widely praised for providing advice to community members to avoid scams.

Summary: LucieShib issued a warning to the Solana community to remind everyone to be vigilant against celebrity airdrop scams. She stressed that many celebrity accounts have been used by hackers to commit fraud, and suggested that everyone only believe in official announcements. This call has been widely praised in the crypto community.

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Crypto Market Fun Today: Bitcoin Drops to $62,000, Leveraged Traders Are Liquidated
The price of Bitcoin dropped to $62,000 today, causing a large number of leveraged traders to be liquidated.

The market as a whole is also falling, with most altcoins performing poorly.

Ethereum is down 3.7% and is currently trading below $3,400. BNB is down 3.3%, and Solana is down 6.9% in the past 24 hours.
Three unlucky ones: WIF, BRETT, and NOT

Dog Hat (WIF) became popular earlier this year, when its market value soared from almost zero to more than $4 billion. In April, WIF hit an all-time high of about $4.60, with a total market value of $4.6 billion. However, since then, the popular meme coin has been on a downward trend. WIF has fallen nearly 70% since its peak, and many speculate that its glorious bull run is over.

WIF is down nearly 14% in the past 24 hours, dropping out of the top 50 cryptocurrencies by total market cap. This brings its total losses to about 37% in the past week, 43% in the past two weeks, and 46% in the past month. The only thing that looks good is that dog hat is still on.

BRETT is another popular meme coin that caught the attention of the crypto community in early March and soon became popular. In early June, the cryptocurrency hit an all-time high of about $0.18. However, BRETT is down nearly 13% in the past 24 hours.

It's down about 25% in the past two weeks, but it's still up 130% in the past month. It will be interesting to see how this meme coin develops in the future and whether it will follow WIF's footsteps and fall further into a bear market.

Notcoin has plunged 13% in the past day, bringing its total losses for the week to about 26%. It should be emphasized that NOT is a hybrid of meme coins and game coins, circulating on the TON blockchain and part of Telegram's gamification system. The cryptocurrency was launched through Binance's Launchpool and has risen 171% in the past 30 days.

What these three cryptocurrencies have in common is that they all contain meme elements, so they are more volatile than traditional altcoins.

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Pepe Price Prediction: 16.5% Monthly Gain – What’s Next for PEPE?

Over the past month, PEPE has gained 16.5% to $0.00001155, reflecting strong bullish momentum. However, recent consolidation within a symmetrical triangle pattern suggests that this uptrend may be on hold for now.

Resistance:
- $0.00001228
- $0.00001278
- $0.00001334
Support:
- $0.00001145
- $0.00001109
- $0.00001079
The current PEPE/USDT exchange rate is $0.00001154, down 0.77% on the day. The key pivot point is located at $0.00001183 (green line).

The Relative Strength Index (RSI) is at 51, indicating neutral sentiment. The 50-day exponential moving average (EMA) is at $0.00001145, providing additional support for the pivot point. Currently, a symmetrical triangle pattern is limiting PEPE’s movement, indicating a neutral bias.

Given these technical indicators:
- If PEPE drops below $0.00001183, it is recommended to consider selling.
- If the price breaks above $0.00001183, it could signal a potential uptrend.

Wiener AI: AI Meme Coin with a Fun Touch

Wiener AI (WAI), a new dachshund-themed AI meme coin, is attracting strong interest from investors.

- Beyond Meme: WAI offers advanced AI trading tools and is more than just a fun novelty.

- Presale Success: The project has raised nearly $6 million in the presale, reflecting strong demand.

- Passive income potential: WAI offers a plethora of passive income opportunities. 20% of the total supply is allocated to staking rewards, and investors can earn up to 396% annualized yield (APY).

PEPE is currently consolidating in a symmetrical triangle pattern, and traders should pay close attention to the breakthrough of key technical levels to determine the next move. For investors seeking new opportunities, WAI, as an innovative AI Meme Coin, demonstrates strong market demand and potential income opportunities.

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XRP Ledger Breaks Important Milestone, Over 10 Million XRP Locked in AMM Pools

According to data, XRP Ledger (XRPL) recently reached a major milestone: the number of XRP locked in automated market maker (AMM) pools exceeded 10 million. Although the current total has slightly decreased to 9.6 million XRP, this development marks an important moment for the XRPL ecosystem.

Since its launch in late March, the amount of AMM pools locked has soared from 325,983 tokens to nearly 10 million. These tokens are distributed across 593 pools, and new pools are added regularly.
- **Leader Pool**: Magnetic Token Pool (MAG), with 3,602,530 XRP locked.
- **Second Place**: xGO Pool, with 921,270 XRP locked.
- **Third place**: A pool related to CRYPTO, which locked 651,269 XRP, is a black hole account that cannot sign transactions or issue new tokens.

The increase in the amount of XRP locked in AMM pools reflects the community's growing interest in decentralized exchanges. AMMs play a key role in providing liquidity and seamless exchange of assets based on mathematical formulas, supported by smart contracts.

This milestone shows strong investor confidence and highlights the growing decentralized financial ecosystem on the XRP Ledger. As XRPL continues to develop and innovate, the use of AMM pools is expected to provide an efficient and decentralized trading mechanism for XRP and other assets such as Magnetic.

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Will a large-scale fund sell-off be the reason for the BTC plunge?

Bitcoin has been struggling in the bear market recently, and the decline in June is not over yet. BTC is currently around $64,000, and market conditions are not good, while there are concerns that stupid fund sell-offs will push prices down.

As the price of Bitcoin fell below $65,000, some dormant wallets became active, and one wallet transferred 25,000 BTC in six transactions, increasing market anxiety. Data shows that as market sentiment becomes pessimistic, these wallets that hold BTC for 3 to 5 years may be ready to sell.

Bitcoin ETFs have seen a large outflow of funds, with more than $500 million in funds outflowed in the past week. In addition, the German government transferred a large amount of BTC it holds to exchanges, increasing market supply.

Although the sell-off continues, more than 87% of Bitcoin holders are still in profit, indicating that there is room for further profit-taking. Analysts believe that Bitcoin price consolidation may continue until the end of summer 2024, and a new bull market may start around September, with major activities expected to appear around the US election.

The price of personal consumption expenditures (PCE) in May will be an important focus, and the decline in core PCE may indicate that there is a downside risk to the index. Weak retail sales may also exacerbate this trend.

If the Fed cuts interest rates, Bitcoin may reach $100,000 by the end of the year. Well-known analyst Rekt Capital believes that Bitcoin is not ready to end the downtrend in June, but once it reverses and rises, it will be a downtrend line worth paying attention to.

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Dogecoin’s Short-Term Price Target – Is $0.12 Now?

Dogecoin [DOGE] is trading close to the lower line of its horizontal channel, where it has been fluctuating since April 13. The upper line of the horizontal channel forms resistance, while the lower line provides support. For DOGE, bears are creating resistance at $0.17, while bulls are defending the price at $0.12 – which has become a long-term support.

If bulls fail to hold this support, DOGE’s price could fall to new lows, indicating that the market is flooded with selling activity. Several on-chain indicators hint at this possibility. Since March 31, DOGE’s weighted sentiment has been predominantly negative, reflecting the overall depressed market sentiment towards the asset. At press time, DOGE’s weighted sentiment is -0.17, and this negative sentiment could cause its price to continue to fall below the support level.

In addition, the market demand for DOGE has dropped significantly. According to the data, the number of addresses that completed at least one transaction involving DOGE fell by 13% in the past 30 days. In order to prevent further losses in their investments, large investors gradually reduced their investments in DOGE.

According to the data, the number of large daily transactions of DOGE has dropped significantly in the past 30 days. For example, the number of transactions with a value between $100,000 and $1 million has dropped by 46%, and the number of transactions with a value between $1 million and $10 million has dropped by 39.1%.

Despite the poor price performance, DOGE's futures traders remain bullish. According to the data, the funding rate has been positive for the past two months, except for the negative values ​​recorded on June 18-19. A positive funding rate indicates a greater demand for long positions, that is, more traders expect prices to rise than those who expect prices to fall.

In conclusion, despite the downward pressure and negative sentiment currently facing DOGE, the bullish attitude of its futures traders may bring a ray of hope for the future.

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Cardano (ADA) new update is online, value skyrocketed!

As one of the major players in the first-layer blockchain field, Cardano (ADA) recently ushered in a new upgrade. According to GitHub data, the new update is called "docker-cardano-cli v8.24.0.0-1" and was launched by Blinken Labs.

This update specifically enhances Cardano's Stake Pool operations, further improving its functionality and stability in the blockchain field. Through its development efforts, Blinken Labs has promoted the advancement of its technology while maintaining Cardano's developer dominance.

Cardano has always been known for its development activities on GitHub and is considered one of the most developed blockchain networks. This latest upgrade has once again consolidated this position, demonstrating the commitment of the Cardano community and developer team to continuously improve the performance and functionality of the network.

The native token of the Cardano ecosystem, ADA, has not seen a sharp rise to reflect these huge fundamentals. As of writing this article, Cardano has fallen 1.53% in 24 hours to $0.377. Although Cardano still maintains its position as one of the top ten cryptocurrencies, its trading volume fell by 17.44% in 24 hours to $232,195,791.

Cardano is a coin favored by whales, which was fully demonstrated in the past week. The core development foundation, ecosystem hype and whales' support may help it regain growth momentum in the medium and long term.

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Owning 100 million Shiba Inus could make you $1 million, $5 million, and $10 million

Shiba Inu has been underperforming recently, with its price dropping to $0.00002 amid the overall market crash. Currently, SHIB is struggling to stay above $0.000018.

Despite the price drop, market observers remain optimistic about SHIB's prospects. They point out that the Relative Strength Index (RSI) and Commodity Channel Index (CCI) are at their lowest levels this year, indicating the potential for a reversal.

The downturn is seen by many investors as an opportunity to buy SHIB at a discount. Whales, sharks, and small addresses are all accumulating Shiba Inu in large quantities, indicating confidence in its future.

Data confirms that small investors holding between 10,000 and 1,000,000 SHIB are constantly increasing their balances, and even huge investors holding at least 1 billion tokens are buying.

How high does Shiba Inu need to rise to make an investor holding 100 million tokens a millionaire. At the current price of $0.00001799, these 100 million tokens are worth about $1,799.

To reach a valuation of $1 million, SHIB needs to rise to $0.01. Lucie, a marketer at SHIB, said in April that she believed SHIB would reach $0.01 one day.

The most ambitious goal is for 100 million SHIBs to be worth $10 million, which would require SHIB to rise to $0.10, a 555,746% increase from the current price.

The future of SHIB is full of uncertainty, but it is this uncertainty that makes the cryptocurrency market full of infinite possibilities.

The Most Promising Altcoins for 2024: Five to Watch

With the 2024 bull run gaining momentum, the cryptocurrency market is teeming with opportunities. This guide highlights the most promising altcoins that promise impressive returns. Take a closer look at five standout options that promise impressive gains. .

CYBRO Presale Rapidly Approaches $1 Million, 25 Million Tokens Sold Out
CYBRO is a unique marketplace designed to amplify the native earnings potential of the Blast blockchain. Currently, the CYBRO token presale is expected to reach $1 million, and 25 million tokens have already sold out. This allows early investors to see a ROI of up to 140%.

- Presale Bonus: Users who invest at least $1,000 during the presale period will receive weekly ETH rewards. CYBRO’s referral program also offers up to 12% additional returns on token purchases, and weekly USDT fees are paid, and referrals can also receive double CYBRO points on their first deposit.

- Future Outlook: CYBRO tokens will unlock cashback, discounted fees for trading and lending businesses, staking rewards, exclusive airdrops, and insurance programs after the TGE in Q3 2024. This solid utility will lay the foundation for CYBRO’s appreciation.

Market sentiment for Solana has been mixed recently. Despite experiencing strong growth, prices have recently fallen. Relative strength and momentum indicators indicate neutral short-term sentiment. However, Solana is known for its fast transactions and scalability, and stability or bullish trends could boost its adoption and investor confidence.

Ethereum’s current price is hovering in a narrow range, with little recent volatility. Both support and resistance levels are evident, but short-term indicators indicate a lack of strong momentum. Ethereum’s smart contract functionality remains strong, but recent price action seems uncertain and needs to be treated with caution.

Although SOL, ETH, DOT, and AVAX have bright long-term prospects, their short-term potential is relatively weak. In contrast, CYBRO stands out, leveraging the native yield-earning capabilities of the innovative Blast blockchain to provide an attractive opportunity for early investors.

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Polkadot’s Next Move: Will DOT Drop to $5.542 or Surge to $6.649?
Polkadot (DOT) has experienced a significant decline over the past seven days amid a general decline in prices of various altcoins. According to data, DOT prices have fallen by 9.69% over the past week. At press time, DOT is trading at $5.85 with a market cap of $8.4 billion. Like other altcoins, DOT is also subject to external market forces such as Bitcoin (BTC) price fluctuations, which cause its price to fall.

Despite the price decline, many cryptocurrency analysts remain optimistic, predicting an imminent price surge. DOT will see a surge. He believes that DOT will respect the lower support levels and start an uptrend.

-RSI Relative Strength Index: The RSI is 34, indicating a continued bearish sentiment. The RSI crossed the RSI-based MA from above and fell further towards the oversold region. These movements indicate an increase in selling pressure, leading to a price decline.

- Funding Rate: After reporting below-negative values ​​on the 18th and 19th, the funding rate is trending downward. A decline in funding rates indicates that investors are reluctant to open long positions, leading to a neutral market.

Since June 8th, DOT open interest has declined. A decline in open interest means fewer new positions and traders close existing positions.

As DOT fell, many investors avoided entering positions due to price impact. In the short term, all factors suggest that the coin will continue to fall and fall to its previous low of $5.542. However, if there is more buying pressure, the coin could surge to $6.649.

Although Polkadot (DOT) has experienced a significant price drop in the past week, many analysts remain optimistic about its future performance. Investors should pay close attention to market dynamics and technical indicators to formulate a smart investment strategy.

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AXS Price Drop Analysis and Prediction

AXS price continues to fall due to the overall bearish sentiment in the market, with less than 11% of AXS holders currently in profit. This is the lowest figure for gaming token investors in eight months since October 2023.

A positive CMF indicates buying pressure, while a negative CMF indicates selling pressure. The current CMF reading indicates that the market is experiencing a large capital outflow, which indicates rising selling pressure that could hinder any recovery attempt in the AXS price.

Head and Shoulders Pattern: The AXS price is currently forming a head and shoulders pattern, which is a classic bearish indicator. The head and shoulders pattern usually precedes a significant price correction. As of the time of writing, the price of AXS is $6.1 and it seems likely to fall further.

Pullback Prediction: The head and shoulders pattern indicates that AXS may see a 96% pullback. If this pattern develops as expected, the AXS price may plummet, resulting in significant losses for holders. However, a more realistic prospect for the altcoin is a drop to $4.0. This price point has been tested as a support baseline in the past, and the altcoin is likely to fall here.

If AXS can rebound from the $5.3 support level, a rebound may be initiated. Reclaiming the $7 support level will trigger a rebound and invalidate the bearish argument.

The current market conditions and technical indicators of AXS both show a clear bearish trend. However, if market conditions improve and AXC is able to rebound at key support levels, a rebound may occur. Investors should pay close attention to market dynamics and technical indicators in order to make informed investment decisions.

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Trump crypto leak shocks Bitcoin market, Bitcoin price plummets 300%

Bitcoin prices have soared since the collapse of major Bitcoin and cryptocurrency exchange FTX at the end of 2022. Trump and Biden were warned that this might be the only way to save the dollar.

DJT went public two months ago and its price soared by about 300% after the announcement. Traders are betting that if the Trump campaign does confirm the news, its price could rise further. However, entrepreneur Martin Shkreli later revealed in a leaked message sent to anonymous blockchain detective ZachXBT that he was behind the DJT memecoin, causing its price to plummet.

ZachXBT has accepted a $150,000 bounty from crypto analytics firm Arkham Intelligence to find the identity of the creator of DJT.

DL News reported that an "insider" from the Trump campaign denied involvement. Shkreli has long claimed that he worked with Trump’s youngest son Barron to create a Bitcoin competitor, adding in an X Spaces broadcast that Barron holds most of the cryptocurrency and is the sole beneficiary of the project.

Trump has turned to Bitcoin and cryptocurrencies in recent weeks after making millions through a series of cryptocurrency-based digital trading cards, non-fungible tokens (NFTs). Trump announced his support for cryptocurrencies in late May and began accepting campaign donations in currencies such as Bitcoin, Ethereum, Solana, Dogecoin and Shiba Inu.

Earlier this month, Trump launched a cryptocurrency charm offensive at a Silicon Valley fundraiser hosted by investors David Sacks and Chamath Palihapitiya.

The dramatic turn of events for DJT memecoin highlights the volatility and risks of the cryptocurrency market. As more information is revealed, market participants will be closely watching the next moves of these politicians and their impact on the cryptocurrency market.

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Analysts Say Ethereum is on Track for a New All-Time High as the ‘Final Nail in the Bear Market’ Appears

There is a low chance that Ethereum will fall below $1,600, with current support between $2,800 and $3,430.

Credible Crypto notes that the recent decision by the U.S. Securities and Exchange Commission (SEC) to end its investigation into whether Ethereum is a security is seen as a bullish catalyst that could propel ETH to a new all-time high.

As of this writing, Ethereum is trading at $3,530.

Last year, after CRV suffered a bug, the big guys struck an OTC deal at $0.40 to prevent a deeper sell-off.

It’s a good time to join the DeFi backbone at a lower price than a year ago. As of this writing, CRV is trading at $0.333.

Utility tokens for DeFi platforms are currently experiencing tight liquidity. Most CVX tokens are locked or staked, and the circulating supply of the token is about to reach its maximum supply.

At the same time, CRV and CVX also present unique investment opportunities, especially at the current low price level. Investors should pay close attention to the market movements of these tokens and seize potential investment opportunities.

The announcement of Worldcoin’s expansion into Ecuador comes as the price of its native cryptocurrency, WLD, surges.

Worldcoin Brings ‘World ID Orbs’ to Ecuador
Worldcoin’s main selling point is its privacy-focused identity verification system, called “World ID orbs.” These orbs allow users to securely confirm their identity online without exposing personal data. According to the announcement, World ID will set up six strategically located verification kiosks in Ecuador’s two largest cities, Guayaquil and Quito, from June 26 to June 27.

With this expansion, Worldcoin further consolidates its presence in Latin America, which already covers at least six countries: Argentina, Chile, Colombia, Mexico, Peru, and now Ecuador.

Notably, Worldcoin’s move into Ecuador follows exhaustive market research. According to a survey by Worldcoin contributor Tools for Humanity, more than 90% of respondents in Ecuador, Peru, and Colombia showed great interest and preference for technology that can distinguish between humans and online bots, indicating that the market for secure online identity verification in the region is ripe.

However, the latest investigation results show that Kenyan authorities have decided to abandon the investigation into Worldcoin, which means that the African country will no longer take further police action. Worldcoin may finally make a comeback in the region and continue its plans to expand across the African continent.

This series of good news has caused the price of WLD to rise sharply. As of press time, the price of WLD has soared 13.03% to $3.14, according to data from CoinMarketCap. This increase reflects the market's strong confidence in the expansion and future potential of Worldcoin.

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Shiba Inu: Top Metaverse Company Reveals SHIB Ownership

Previously, they spent an undisclosed amount to acquire a variety of memecoins, including SHIB, such as Dogecoin (DOGE), Pepe (PEPE), Bonk Inu (BONK), Memecoin (MEME), and Degen (DEGEN).

While they did not reveal exactly how much they spent, the investment is intended to enhance the presence of these tokens in Web3 culture, support the communities behind them, and provide more utility to users.

In addition, the company also detailed their latest memecoin collection. In particular, the metaverse company introduced Shiba Inu, which was anonymously launched in 2020 and was inspired by the same dog breed that Dogecoin (DOGE) is based on.

They believe that this step will help position Shiba Inu as a global phenomenon and build its own ecosystem alongside other native tokens such as LEASH and BONE. According to the announcement, The Sandbox plans to launch multiple initiatives using its collection of memecoins, including SHIB, to enhance the utility of users. However, they did not reveal the specifics of these initiatives.

For background, The Sandbox was originally founded in 2012 as a mobile video game developer. As cryptocurrencies entered the mainstream, The Sandbox dived into the space in 2020, raising $2 million in crypto and cash to build a gaming world based on Ethereum.

The company gained a lot of attention during the NFT craze in 2021, attracting top users like hip-hop star Snoop Dogg. In 2022, an unknown user even spent nearly $500,000 to buy a piece of virtual land near Snoop Dogg.

Earlier this month, The Sandbox raised $20 million from top investors such as LG Tech Ventures, achieving unicorn status.

So, The Sandbox is not only playing games, but also playing with the world of cryptocurrencies. Let's see what surprises they will bring next!

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DOGE bulls cry: $600,000 in shorts liquidated

Over the past 24 hours, almost all DOGE liquidations stemmed from long positions, with only about $600,000 worth of short positions liquidated. Investors bullish on Dogecoin (Dogecoin longs) futures suffered bigger losses on Monday than those who made similar bets on Bitcoin.

The dog-themed meme coin plunged in the past 24 hours, resulting in the liquidation of $60 million in long positions. The price of Dogecoin plummeted 9.12%, with the meme token trading at $0.1214. Trading volume rose 152.35% to $1.4 billion, with a market cap of $17.5 billion, making it the ninth-largest coin by market cap and the largest meme cryptocurrency.

However, bullish bets on Ethereum (ETH) suffered the most losses, totaling $76 million. Overall, crypto long positions lost more than $440 million as traders took profits as the dollar strengthened.

Almost all DOGE liquidations in the past 24 hours came from long positions, with only short positions worth about $600,000 being liquidated. Leading exchange Huobi recorded liquidations worth more than $44 million during the Asian trading hours. In addition, open interest in DOGE futures fell 16% to $600 million.

According to Forbes, the total market value of memecoins has shrunk by 0.24% in the past 24 hours, with the biggest declines including Beercoin (BEER), down 66.6%; CatSolHat (SOLCAT), down 13%; Shiba Inu (SHIB), down 10%; Spike (SPIKE), down 49.36%; and Super Trump (STRUMP), down 18.41%.

Overall, the market volatility of Dogecoin and other meme coins shows that investors need to be vigilant and pay close attention to market dynamics. Nevertheless, the future of these currencies is still full of uncertainty and may bring unexpected turns.

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