ReportWire

Tag: memecoin

  • Shiba Inu Keeps Sliding As Team Counters With Optimism

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    Shiba Inu’s price action has been harsh lately. It plunged to about $0.0000063588 over a single weekend, wiping away months of gains and leaving many holders uneasy.

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    Market moves like that are driven by big-picture forces — macro weakness, lower appetite for altcoins, and a general pullback across crypto.

    Yet inside the project’s camp, voices are still billing a comeback as likely. That contrast between numbers on a chart and upbeat messages from the team is where most of the current debate sits.

    Lucie Voices Confidence

    According to posts by the project’s marketing lead, Lucie, SHIB “will come back” in time. She argues that networks built and kept alive by active communities have a stronger chance of lasting than tokens pushed mainly by paid promoters.

    Reports say she also hinted at fresh activity coming from developer Kaal Dhairya, and the lead developer Shytoshi Kusama has been linked to moves toward artificial intelligence and NFT-related work for the broader lineup that includes SHIB, TREAT, BONE, and LEASH.

    Those plans are being positioned as part of a longer-term effort to give the ecosystem more purpose beyond speculation.

    Community And Developer Activity

    There is some actual work happening, though it is mostly in early stages. Updates were teased but details remain thin.

    Many community members keep watching the developers’ channels for concrete timelines and product launches. At the same time, Lucie has repeatedly told people to only risk money they can spare and reminded followers that her words are not financial advice.

    SHIB market cap currently at $3.8 billion. Chart: TradingView

    That caution was repeated after the token slid back from $0.00001265 in March 2025 to fresh lows more recently. Signals from developers are being noticed, but they have not yet translated into sustained buying pressure.

    Analysts Call For Realism

    Analysts and some community figures pushed back. Zach Humphries, among others, warned that being hopeful is fine, but it should not replace hard thinking about risk.

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    He noted that altcoins have underperformed for a long stretch since 2021 and that relying solely on team statements is risky. Diversification was urged.

    Some critics said the marketing tone is upbeat and that it can boost morale, yet market fundamentals need stronger backing to flip sentiment.

    Opinions in the space were split: some see potential if new features land and adoption grows, while others say the token’s long slump shows that talk alone won’t lift price.

    Featured image from thewave, chart from TradingView

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    Christian Encila

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  • Dogecoin Goes Wall Street: Grayscale Confirms Nov. 24 ETF Launch

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    Grayscale Investments will list spot ETFs for Dogecoin and XRP on the NYSE Arca on November 24, 2025, offering a new way for everyday investors to buy those coins through regular brokerages.

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    According to exchange notices and regulatory filings, the funds will trade under the tickers GDOG for Dogecoin and GXRP for XRP. The listings convert Grayscale’s existing private-placement trusts into publicly traded products.

    Grayscale Moves To List Dogecoin And XRP

    Reports have disclosed that both ETFs received approval to be listed, and the paperwork was filed with the US Securities and Exchange Commission.

    The move brings spot exposure to two smaller, but widely followed, cryptocurrencies into a mainstream vehicle. For many investors, that means access without directly managing wallets or private keys.

    Market Activity Up Ahead Of Launch

    Trading activity in related derivatives climbed in the lead up to the announcement. Dogecoin derivatives volume increased by more than 30% to roughly $7.22 billion, based on exchange data.

    XRP derivatives surged as well, jumping about 51% to around $12.74 billion. Based on reports, these spikes reflect traders positioning for potential price swings around the ETF debut.

    Spot ETFs do not promise higher prices, but they do change who can buy the assets. Brokers, retirement plans, and funds that avoid direct crypto custody may now step in.

    That could affect liquidity in both the tokens and their markets. At the same time, the overall crypto market has seen pressure; reports say the launches come during a roughly six-week downturn.

    DOGE market cap currently at $21.4 billion. Chart: TradingView

    Questions Remain Over Demand And Flows

    Product fees, custody details, and how the trusts convert into ETF shares will shape investor appetite. Past launches of crypto ETFs showed brisk early flows for some products, while others saw muted interest. What matters for prices is not only listings, but inflows and outflows once trading begins.

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    Investors and analysts are likely to watch the first days of trading for clues. High volume and tight spreads would suggest strong demand. Low turnover or wide spreads could signal tepid interest.

    Based on reports, market participants will also monitor whether the ETFs draw the same sort of speculative trading that has driven derivatives volume in recent days.

    The listing of both GDOG and GXRP on the same date marks a notable step for mainstream crypto products. According to exchange filings, the funds are structured as spot ETFs that hold the underlying tokens via custodians. While that does not remove price risk, it does make buying these assets simpler for a broad group of investors.

    Featured image from Gemini, chart from TradingView

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    Christian Encila

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  • Dogecoin Flashback: Mirror Move Hints At Record-Breaking Surge

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    According to analyst Trader Tadrigrade, Dogecoin has been moving inside a long-running symmetrical triangle that echoes a setup seen in 2016–2017. Based on reports, the analyst used a two-month chart to compare current price action with the buildup that preceded a breakout in March 2017.

    Back then, DOGE climbed from about $0.0003 to $0.0194 by January 2018, a rally of 7%. Traders pointing to that episode say the current narrowing range looks familiar and could set the stage for a notable move.

    Market Moves This Month

    DOGE is trading at around $0.18 at the time of writing after a 20% drop so far this October. That decline contrasts with recent Octobers: a 40% rise in October 2024, a 10% gain in October 2023, and a 100% jump in October 2022.

    Prices have been compressing inside the triangle since late 2024, and the tighter range has increased talk among chart watchers that a breakout may be near.

    Targets After A Breakout

    Analysts who favor the pattern point to a first target near $3.90, which would represent about a 2,000% gain from current levels if reached. Other, much bolder projections are also being shared.

    One chart shown by bulls extends toward $48 — a 26,500% rise — which, if circulating supply stayed near 151 billion tokens, would imply a market value near $7 trillion. That number would dwarf most global asset classes and is widely seen as highly unlikely.

    Reports have also referenced an $18 forecast last month, a level that would make many holders wealthy if it materialized, but it remains a long shot.


    Technical Patterns Versus Broader Forces

    Pattern recognition can offer a clear rule for traders, but charts do not capture everything that drives price. Liquidity levels, investor interest, moves in Bitcoin, and shifts in social attention all affect how far any rally can run.

    For a multi-thousand percent surge to happen, sustained buying and extended public attention would be required. At present, the view rests primarily on a visual similarity between past and present setups rather than on independent signals that a major rally is guaranteed.

    Featured image from Pexels, chart from TradingView

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    Christian Encila

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  • Is Dogecoin About To Ditch The Hype? Top Traders Predict $1 Price

    Is Dogecoin About To Ditch The Hype? Top Traders Predict $1 Price

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    In a daring proclamation, cryptocurrency trader KALEO and two other top analysts, are shaking the foundations of the market with a bold assertion – the journey of Dogecoin to $1 is not a mere speculative venture but a palpable prospect within the current market cycle. Amidst the noise of market volatility, their confidence adds a fresh perspective to Dogecoin’s narrative.

    Dogecoin’s Dance With Bitcoin In The Market

    Crucial market data from IntoTheBlock reveals an intricate dance between Dogecoin and Bitcoin, boasting a substantial price correlation of 0.95. This numerical symbiosis underscores the sway of broader cryptocurrency trends on Dogecoin’s market movements. Despite the undulating market landscape, Dogecoin has notched up impressive transactions exceeding $100K, totaling a staggering $4.5 billion in the past week.

    Numbers Speak Of Inflows, Outflows, And Profits

    Scrutinizing Dogecoin’s exchanges offers a glimpse into its current battlefield. A detailed breakdown of Dogecoin addresses reveals a nuanced picture – 58% are “In the Money,” basking in profits, while 34% find themselves “Out of the Money,” nursing losses.

    DOGE market cap currently at $24.9 billion. Chart: TradingView.com

    Dogecoin: Wild Ride Unfolds

    In the annals of cryptocurrency history, Dogecoin’s trajectory has resembled a wild ride, marked by dizzying highs and abrupt descents. The meme coin’s ascent in early 2021, fueled by celebrity endorsements, hit a roadblock after Elon Musk’s lighthearted dismissal of Dogecoin as a “hustle” on “Saturday Night Live.”

    Since then, Dogecoin has struggled to reclaim its former glory, down by a staggering 70% from its all-time high, according to CoinGecko data.

    Analysts Ponder The Meteoric Ascent Of Dogecoin

    Ali Martinez’s Time-Stamped Proclamation

    A crypto luminary in his own right, Ali Martinez, with an ardent following of 50,700 on the X social media platform, is adding fuel to the Dogecoin fire. Pointing to historical patterns, Martinez prognosticates a potential surge, envisioning Dogecoin kissing the $1 mark by mid-April.

    His charts depict a meteoric rise, reminiscent of the crypto boom in 2017 and 2021, injecting a dose of enthusiasm into the market where Dogecoin currently stands at $0.167.

    Altcoin Sherpa’s Enigmatic Take

    The mysterious Altcoin Sherpa, commanding attention with 209,800 followers, joins the chorus of optimism. Foreseeing Dogecoin’s potential to soar to $1, Sherpa cites its enduring appeal in meme culture and the influential backing of Elon Musk.

    However, a note of caution resonates in Sherpa’s words – the timing remains an enigma. “When this happens? I have no idea. Could be now, could be six months from now,” muses Sherpa, embracing uncertainty in the volatile crypto space.

    Featured image from Cottonbro Studio/Pexels, chart from TradingView

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    Christian Encila

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  • Meme Coin Blues: Nearly 70% Of Shiba Inu Investors Underwater

    Meme Coin Blues: Nearly 70% Of Shiba Inu Investors Underwater

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    Shiba Inu (SHIB), often touted as the “Dogecoin killer,” finds itself at a critical juncture as it grapples with a recent downturn, inviting scrutiny into its stability and future prospects.

    Shibarium Surge Sparks Investor Optimism, Concerns Linger

    Despite some investors maintaining an optimistic outlook, buoyed by recent developments such as the surge in Shibarium, others harbor reservations about the token’s performance and distribution dynamics.

    The red signals flashing for SHIB investors are hard to ignore. A recent analysis by IntoTheBlock reveals that a substantial 67% of investors currently find themselves in the red, indicating that their investments are underwater.

    Source: IntoTheBlock

    This underlines the token’s struggle to gain traction in the prevailing market conditions. Over the past month, SHIB has experienced a 5.86% decline in price, coupled with a lackluster 0.78% decrease in the last 24 hours, currently trading at $0.000009039.

    Adding to the concerns, trading volume has dwindled by 10.03%, signaling diminishing interest and prompting investors to exercise caution. This wariness is further underscored by the fact that only 28% of SHIB investors are currently in profit, with an additional 6% breaking even.

    SHIBUSD currently trading at $0.00000896 on the daily chart: TradingView.com

    Wealth Accumulation, Another Challenge

    The accumulation of wealth within the Shiba Inu ecosystem poses another challenge. Nearly 80% of the total holdings are concentrated in the hands of a small group of large investors. This lopsided distribution raises legitimate concerns about market manipulation and heightened volatility, thereby increasing the risk for average investors.

    However, amidst the prevailing uncertainties, there exists a silver lining in the form of Shibarium. The project’s Layer-2 blockchain solution has witnessed a remarkable surge in activity.

    Source: Shibariumscan

    Within just three days, the number of new accounts on Shibarium skyrocketed by an astonishing 254%, reaching an impressive 63,162. This surge in network usage often foreshadows significant price fluctuations, providing a glimmer of hope for the future prospects of SHIB.

    As the token stands at a crossroads, its future hinges on several pivotal factors. Market sentiment, particularly towards meme coins, could play a decisive role in influencing the token’s price.

    Additionally, the success of any new initiatives or partnerships that enhance SHIB’s utility and adoption has the potential to attract fresh investors and elevate its overall valuation.

    SHIB investors are urged to tread carefully. While the recent performance and wealth concentration raise legitimate concerns, the surge in Shibarium activity suggests a potential avenue for growth.

    Featured image from Adobe Stock, chart from TradingView

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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    Christian Encila

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  • Will X Unleash The Doge? Users Eager To Embrace The Memecoin

    Will X Unleash The Doge? Users Eager To Embrace The Memecoin

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    DOGE (Dogecoin), the cryptocurrency propelled by internet memes, is gaining attention on Elon Musk’s X (formerly Twitter), as evidenced by a survey conducted by a leading Doge account.

    The community’s interest in integrating Dogecoin (DOGE) into the platform for payments and tips is apparent, reflecting a desire to move away from traditional fiat currencies.

    Related Reading: Shibarium Shatters Records: 2 Million Transactions In A Day – Details

    Doge In X: Regulatory Challenges

    Elon Musk has been a vocal supporter of Dogecoin, praising its transaction speed and suitability in comparison to Bitcoin. Although there is no official confirmation, speculation is mounting following X’s acquisition of money transfer licenses across various US states.

    Musk envisions transforming X into an “everything app” with a robust commerce engine, and Dogecoin could play a significant role in this vision.

    However, obstacles exist before the potential integration of Dogecoin into the platform. Regulatory approvals for the acquired money transfer licenses are anticipated by mid-2024, posing a potential challenge to Musk’s ambitious timeline.

    Additionally, technical details and integration methods for DOGE payments remain undisclosed.

    At the time of writing, DOGE was trading at $$0.0802 down 1.2% and 4.4% in the last 24 hours and seven days, data from Coingecko shows.

    Despite these uncertainties, the Doge community is actively preparing. Large transactions involving millions of DOGE tokens suggest anticipation for a potential surge in demand. The enthusiasm within the X community, evident in tweets and discussions, is noteworthy.

    Just this week, almost a billion DOGE changed hands. An unidentified buyer removed 67,903,623 Dogecoin from the popular brokerage platform Robinhood during the last 24 hours, according to the blockchain sleuth at Whale Alert.

    The identical source had earlier this week reported a substantially larger quantity of these meme currencies transferred—990,000,000 DOGE, which was valued $79,757,842 when the transaction was made.

    The possibility of Dogecoin payments on X has the potential to bring about significant changes, not only for X but also for the broader online payment landscape.

    Dogecoin currently trading at $0.0804679 on the daily chart: TradingView.com

    Doge Challenges: Volatility, Community Transition

    Envisioning the ability to tip content creators or settle bills with digital shiba inu coins adds an element of fun and community to online transactions, challenging the dominance of traditional payment providers.

    However, challenges extend beyond regulatory approval. The inherent volatility of cryptocurrency markets, exemplified by Doge’s recent price dip, raises concerns. Integrating a meme-based currency into a major platform entails navigating potential financial risks and bubbles cautiously.

    The future remains uncertain regarding Doge becoming the official currency of X’s “everything app” ecosystem. One undeniable fact is the readiness of the Doge community to transition away from fiat, envisioning a future where digital shiba inu smiles replace conventional currencies.

    The extent to which this revolution translates into widespread adoption and lasting impact is yet to be seen. Regardless, the Dogecoin narrative is evolving, promising an intriguing journey shaped by memes, speculation, and the unpredictable nature of Musk.

    Featured image from Freepik

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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    Christian Encila

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  • Is This The End Of Dogecoin? Whales Dump 600 Million Coins

    Is This The End Of Dogecoin? Whales Dump 600 Million Coins

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    Adding to the woes of the cryptocurrency market, Dogecoin, the prominent memecoin with the highest market value, has experienced a notable setback with a over 10% drop in its price over the last 24 hours. This downturn follows a trend of significant declines witnessed by the dog-themed altcoin in the previous week.

    The current trajectory of DOGE’s price decline raises concerns among investors and market observers, as it points to potential challenges and uncertainties surrounding the memecoin’s stability.

    Whale Moves: Dogecoin Uncertainty Peaks

    Compounding this situation is the recent activity of large holders, colloquially referred to as “whales,” who have moved substantial amounts of Dogecoin – exceeding 600 million DOGE – to major trading platforms like Binance and Robinhood.

    The transfer of such significant volumes by influential holders to popular trading platforms introduces an element of uncertainty in the market, with the potential to exacerbate the ongoing decline in Dogecoin’s value.

    Some 82 million and 102 million DOGE, or more than $15 million, came from two secret addresses to Robinhood at the start of the movement.

    DOGE currently trading at $0.0824541 territory. Chart: TradingView.com

    A little while later, a reversal occurred when 151 million meme coins, or almost $12 million, went from Robinhood to an unidentified wallet.

    The culmination took place when the most substantial transfer, 300 million Dogecoin valued at $24 million, was transmitted from an unidentified location to Binance.

    At the time of publication on Thursday, the price of DOGE had dropped by 10%, trading at $0.08. Furthermore, the coin’s value has decreased by roughly 12% over the past seven days. Furthermore, even with the early gains, the 30-day losses have now reached about 11%.

    DOGE 30-day price action. Source: Coingecko

    DOGE Plunge: Market Drop, Trading Surge

    When Dogecoin dropped from $0.09 to its current price in less than two hours on Wednesday, the decline in value grabbed traction. The market value of the meme coin fell by 9.95% to $11.77 billion as a result of this decline.

    Its trading volume increased significantly in the last day, rising 165% to a little over $1 billion, despite the price decline.

    These sudden movement come at a pivotal moment for Dogecoin. The much-anticipated DOGE-1 mission, funded entirely by the Dogecoin community, is set to launch this winter.

    The CubeSat mission, developed by Geometric Energy Corporation, marks a historic step for the cryptocurrency, aiming to collect “lunar-spatial intelligence” with onboard sensors and a camera.

    While the DOGE-1 mission brings a wave of excitement and publicity, the recent whale activity casts a shadow of uncertainty. The price drop sparked by the massive token transfers could be interpreted in multiple ways.

    Some see it as shrewd market maneuvering, capitalizing on a temporary dip. Others worry it may signal a loss of confidence in Dogecoin’s long-term potential.

    With the launch date approaching, the interplay between the whale activity, the DOGE-1 mission, and broader market trends will be crucial to watch.

    Can the launch generate enough positive momentum to counteract the price decline? Or will the whales’ actions continue to hold the currency hostage?

    Featured image from Shutterstock

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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    Christian Encila

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  • Shibarium's Activity Surge: Wallet Growth And Elevated SHIB Burn Rate – Bullish Signal For Shiba Inu?

    Shibarium's Activity Surge: Wallet Growth And Elevated SHIB Burn Rate – Bullish Signal For Shiba Inu?

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    Shibarium, the Layer-2 blockchain linked to the widely recognized meme coin Shiba Inu, is making notable strides. Recent data indicates a significant uptick in user engagement, marked by a substantial increase in both transactions and wallet growth.

    The Shibariumscan explorer reveals that daily transaction volume on Shibarium has reached roughly 7.84 million, reflecting a steady climb since the beginning of the month.

    Total number of transactions on Shibarium Blockchain. | Source: Shibariumscan

    This uptrend in activity has propelled the total transactions on the platform to 212 million, accompanied by the connection of over 1.3 million Shibarium wallets, signifying a growing network of users.

    Shibarium’s Dynamic December: Wallet Growth Meets Fluctuating User Activity

    Despite the notable growth in wallets, there has been a contrasting trend in active user numbers. While the account numbers have swelled in December, active user engagement experienced a downturn during the same period.

    However, a slight rebound in active users was observed on December 27, hinting at a potential revival in participation. Particularly, Shibarium’s active users surged from a low of 1,878 as of December 23 to an high of 2,802 on the 27th.

    This pattern of fluctuating user activity, juxtaposed with the consistent increase in wallet numbers, paints a complex picture of Shibarium’s current ecosystem dynamics.

    Alongside Shibarium’s transactional growth, the Shiba Inu community has intensified its efforts in token incineration, aiming to reduce the circulating supply of SHIB tokens and potentially boost their value.

    The burn tracker Shibburn reports a 17.59% increase in the daily burn rate, with 13.7 million SHIB tokens recently burned. So far, December has witnessed the burning of roughly 24 billion Shiba Inu tokens, underscoring the community’s commitment to reducing SHIB’s supply.

    Shiba Inu Burn Rate Surges Over The Past Day
    Shiba Inu Burn Rate Surges Over The Past Day. | Source: Shibburn

    This consistent burning strategy is central to the community’s long-term goal of fostering token value growth through supply reduction.

    Shiba Inu Market Resilience Amid Security Warnings

    Meanwhile, Shiba Inu has thrived to continue its month-long bullishness. Despite a 1% decline in the past week, the asset currently shows an upward trajectory increasing by 0.8% in the past 24 hours, with a market price of $0.00001047, at the time of writing.

    Shiba Inu (SHIB) price chart on TradingView
    Shiba Inu (SHIB) price is moving sideways on the 4-hour chart. Source: SHIB/USDT on TradingView.com

    In the midst of these developments, the ShibArmy Scam Alerts account on X has raised concerns about the prevalent issue of security in the crypto domain, particularly focusing on Shibarium. The account underscores the risks posed by fraudulent projects that exploit inexperienced investors through deceptive advertising.

    Emphasizing the importance of being well-informed, the ShibArmy Scam Alerts advises thorough research, including scrutinizing white papers, understanding the fundamentals of the asset, and verifying the authenticity of the development team.

    The account also suggests examining media coverage and ensuring active, genuine community engagement on platforms like Discord and Telegram. This comprehensive approach to due diligence is crucial for navigating the crypto space safely and avoiding falling prey to sophisticated scams.

    Featured image from Unspash, Chart from Tradingview

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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    Samuel Edyme

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  • Solana Soars Above $117, Meme Coin Craze Extends Momentum

    Solana Soars Above $117, Meme Coin Craze Extends Momentum

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    The native cryptocurrency of Solana continued a spectacular climb that has already lasted three weeks by breaking beyond the $110 mark on Sunday morning. This is a strong demonstration of resilience.

    The price of SOL has surged, reaching a level not seen since the night before Terra collapsed a year and a half ago. This coincides with a substantial uptick in meme coin activity in the cryptocurrency space, which is helping to increase the platform’s acceptance and appeal.

    Solana Surges: 400% Rally Sparks Crypto Renaissance

    The remarkable rise of Solana over the last six months has been nothing short of spectacular, as the cryptocurrency has seen an incredible 400% rally.

    As of this writing, Coingecko data indicates that SOL is holding a fluctuating position in the $110–$117 price range, up 21% over the past seven days and sustaining a strong 60% increase over the past week.

    Part of the reason for the current increase in Solana’s value is the industry’s general rebound in cryptocurrency. A considerable rise in market capitalization and a revival of market sentiment have characterized the whole digital asset space’s upward trend.

    SOL market cap currently at $48.296 billion. Chart: TradingView.com

    The market capitalization of the token as a whole has increased by an astounding 40 percent, which suggests that investors are once again feeling confident and interested in the digital asset field.

    The total value of tokens locked on Solana applications also increased concurrently, reaching levels last seen in July 2022 with a rally to $1.3 billion from $400 million in November.

    SOL’s year-to-date gains have reportedly increased to over 830% thanks to these factors, with the majority of the growth occurring in the last two months alone. The network’s TVL was last at this height in October 2022.

    Solana TVL. Source: DefiLlama

    Solana: On-Chain Triumph, $120 Target

    The price action on Sunday brought an end to weeks of frenetic trade that had propelled the Solana blockchain to the top of the list for on-chain activity, at least momentarily. DefiLlama reports that decentralized exchanges located in Solana are getting close to Uniswap’s trading volumes, which amount to billions of dollars.

    There has been a notable increase in demand for the network thus far this month. The chain’s daily count of active addresses reached a year-to-date high of 1.26 million on December 18, according to an evaluation of network activity.

    Source: Artemis

    As interest in Solana grows, attracting developers and investors alike, the blockchain’s thriving ecosystem and its function as a hub for speculation should soon boost SOL into the much-coveted $120 level.

    The combination of increased activity in the Solana ecosystem and increased speculative interest in the cryptocurrency market provides a convincing story for the continuous increase in SOL’s value.

    Featured image from Shutterstock

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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    Christian Encila

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  • Analyst sees support for Dogecoin at 9 cents

    Analyst sees support for Dogecoin at 9 cents

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    Crypto analyst KrissPax believes Dogecoin has found a floor of around 9 cents despite retreating from recent highs.

    In a video posted to his YouTube channel on Dec. 12, crypto analyst and influencer KrissPax weighed in with his latest thoughts on the price action and outlook for popular memecoin Dogecoin (DOGE).

    The analyst believes the broader crypto market is currently in a period of pullback and consolidation after the sharp run-up across many major cryptocurrencies last month. He cited Bitcoin (BTC) falling below $42,000 as an example of the market resetting from overheated conditions.

    Turning his focus to Dogecoin, the analyst noted that DOGE had retreated from local highs above 10 cents reached earlier this month. However, he believes the coin has found support around the 9 cent level, near where it was trading just one week ago on Dec. 5.

    “Now resetting back to that level, we’ll be looking at where Doge goes from here,” the analyst commented. He still believes there could be further dips in the near term but considers the 9-cent zone an important area of potential buying interest.

    A key potential catalyst for Dogecoin is the upcoming DOGE-1 mission to the Moon in late December, which the analyst predicts could create excitement and drive the price above 11 cents. However, he cautions traders to be wary of excessive leverage usage, which has led to cascading liquidations during recent volatility.

    The analyst maintains a bullish medium-term outlook, stating that if Dogecoin can break above resistance around 11 cents, it opens the door for prices to revisit levels near 16 cents reached in late 2022. His year-end price target remains 12 cents.


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    Adrian Zmudzinski

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  • This token is up 600% in a week amid meme coin rally

    This token is up 600% in a week amid meme coin rally

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    The crypto market is seeing a new rally in memcoins. The CorgiAI (CORGIAI) token has grown 600% last week.

    CorgiAI is a web3 project that harnesses the limitless potential of artificial intelligence to transform the way crypto interacts and communicates.

    The general rise of the meme coin market also fueled interest in CORGIAI. Over the past week, the coin has gained 563%. Amid the excitement, the token’s market capitalization increased to $193.3m.

    CorgiAI price | Source: CoinMarketCap

    The announcement of the cryptocurrency exchange Crypto.com also strengthened CORGIAI’s position. The cryptocurrency platform has revealed a new promotion featuring a coin with a $5,000 prize pool. The 1,000 users with the highest CORGIAI net buys will win $5 of CORGIAI each.

    Contrary to the expectations of the cryptocurrency community that the hype around meme coins would fade over time, leading to a loss of income, it turned out that instead of fading away, meme coins are returning to the scene, but now with qualitatively new areas of their application. Along with CORGIAI, growth was recorded by Memecoin (MEME) and Pepe (PEPE).


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    Anna Kharton

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  • PEPE Leaps 90% As Meme Coin Records 155k On-Chain Wallets

    PEPE Leaps 90% As Meme Coin Records 155k On-Chain Wallets

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    In the meme coin realm, the last week has ignited fresh momentum, and the buzz revolves around Pepe Coin (PEPE), which has witnessed a remarkable surge over the weekend. This rally has set traders’ minds racing, as they contemplate whether PEPE’s ascent could evolve into a formidable challenge to the supremacy of Shiba Inu (SHIB) and Dogecoin (DOGE).

    At the time of writing, PEPE was trading at $0.00000120, up 3.3% in the last 24 hours, and registered an impressive weekly increase of 90%, data from crypto market tracker Coingecko shows.

    Source: Coingecko

    PEPE Reaches 155K On-Chain Wallets

    Just recently, Pepe had reached a market cap of $1.6 billion, sparking conversations about its potential to compete with the crypto market’s top meme coins. This rapid resurgence showcases its resilience and its enduring allure to traders and investors.

    Pepecoin, drawing inspiration from the iconic Pepe the Frog meme, has carved a noteworthy niche in the meme coin arena. Its remarkable journey in early 2023, achieving a staggering $1.6 billion market cap and a rapid 100% weekly growth, hints at the potential for a price surge in Q4 2023.

    As this developed, the frog-themed meme coin also made headlines when its reach extended to over 155,000 on-chain wallets, encompassing all tokens bridged to both Arbitrum and BSC, underlining its widespread adoption and engagement within the cryptocurrency community.

    This impressive user base indicates a growing and vibrant ecosystem, poised to explore new horizons and opportunities in the digital asset space.

    PEPE currently trading at $0.00000120 on the daily chart:TradingView.com

    PEPE’s Robust Market Valuation

    The sudden and robust gains in PEPE’s price have captured the attention of traders and investors, highlighting its potential as an attractive investment within the volatile cryptocurrency market.

    Pepe (PEPE), a meme coin born during crypto winter, has witnessed an astonishing feat, doubling its price within a week to reach a $500 million market cap. This surge comes as traders anticipate the potential impact of a Bitcoin (BTC) spot ETF on the broader market.

    As market charts showed a 1% gain in the global crypto market value, reaching $1.28 trillion as of October 26, the prices of cryptocurrencies saw a little boost. Positive momentum from the “Uptober” surge caused the cryptocurrency market to rise significantly in the last few sessions on a global scale.

    (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

    Featured image from iStock/Linas Toleikis

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    Christian Encila

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  • This Brand New Meme Coin Just Raised $11 Million In A Firesale With No Roadmap

    This Brand New Meme Coin Just Raised $11 Million In A Firesale With No Roadmap

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    The cryptocurrency space is indeed full of surprises. Recently, an emerging meme coin called $MEME, which has no roadmap or utility has already raised over $11 million in its ongoing firesale.

    Memecoin (MEME) Achieves A Major Milestone With Firesale

    MEME is an Ethereum-based memecoin that operates under the ERC-20 network, with a total supply of 69 billion MEME tokens. The token was designed by a web3 startup called Memeland and launched by the team that worked on 9GAG.

    According to the Memecoin fire sale page, the brand new meme coin reportedly sold over 11.4 billion MEME tokens selling at $0.001 in its ongoing firesale. This indicates a significant 150% surge, beating the team’s expectations from the very beginning.

    The token’s active firesale which has amassed over $11 million already has done this despite being a waitlist-only sale.

    In line with Memecoin’s whitepaper, the team highlighted that the token “has no functions, no utility and no intrinsic value, no promise or expectation of any financial return, profit, interest or dividend.” 

    The team further asserts that in regard to the Memeland ecosystem, the Memecoin does not represent “any entitlement to any voting rights.” 

    However, despite the meme coin not having a roadmap, utility, and future return, it did not sway crypto investors from purchasing the meme coin. In addition, the crypto community is still eager to buttress the startup, demonstrating crypto investors’ trust and faith in the new meme coin.

    According to data from MEME’s tokenomics, it was revealed that the first 2.7% of the total supply of the MEME token will be released on October 27. Meanwhile, the remaining portion will be “unlocked daily over the course of eighteen months.”

    Meme Coin Captures Crypto Investors’ Interest

    The cryptocurrency community’s interest in the newly introduced MEME token can be traced back to the future profit potentials of meme coins. Meme coins can offer huge investment returns for investors, although they can also be risky for those who do not engage in proper research before investing in the tokens. 

    One notable meme coin that has garnered huge returns for investors and produced hundreds of millionaires in the 2021 bull run is the Shiba Inu (SHIB) meme coin. 

    Related Reading: The Battle of Memecoins: EverLodge vs Shiba Inu – Which Holds the Key to Success?

    The Dogecoin rival was launched in 2020 but later rose to fame in 2021 after significant price surges. The token has managed to remain a vital meme coin to this day.

    Shiba Inu price at $0.000008 | Source Tradingview.com

    The Shiba Inu was launched with an initial price of $0.000000001009, according to CoinMarketCap. By May 2021, the token was traded at $0.00003469, indicating an over 10,000% surge in price. The token is the currency being traded at $0.000008 as of the time of writing.

    Featured image from Memeland, chart by Tradingview.com

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    Godspower Owie

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