Dog-themed cryptocurrency Dogecoin (DOGE) has recently seen a flurry of activity, with three massive transactions totaling 1.1 billion DOGE between unknown wallets occurring in a very short period.
On-chain data indicates intriguing dynamics that may determine Shiba Inu's future course, indicating that the species is at a turning point. The data indicates that addresses holding positions within a narrow price range account for about 76 trillion SHIB.
Although Bitcoin has shown a consistent performance with a 40% growth since the event, Dogecoin has outperformed its larger relative by producing an amazing 4x increase over the last three months and over 3x in the past month alone.
According to the data provided by Shibburn, over the past day, the SHIB community managed to dispose of a mammoth amount of SHIB, which surpasses one billion meme coins.
A major Shiba Inu whale has once again sparked noteworthy market intrigue as it was recorded heavily bagging the meme token on Friday. Notably, on-chain data showed that the trader significantly increased his holdings to $21.72 million worth of SHIB after one month of inactivity.
Dogecoin achieves record-breaking trading volume in November 2024 while analysts project various price targets ranging from $1 to $3, based on technical analysis and historical patterns.
Launch of the ETP on Dogecoin: a new era for cryptocurrencies.
Following its massive rally above the $0.3 mark, the Dogecoin price has been struggling to break past the $0.4 resistance for weeks. A crypto analyst has revealed what could happen if Dogecoin fails to clear this crucial resistance, highlighting bearish scenarios and new price lows for the meme coin.
Following a recent resurgence in the general market, Dogecoin has begun to display upside momentum toward higher price levels, which has rekindled optimism about its potential to surpass its previous all-time high and set a new peak in the ongoing market cycle.
Dogecoin saw a surge in retail activity hinting at potential manipulation.
As Shiba Inu's trading volume falls to alarming levels, the company finds itself at a turning point. A declining volume may halt any upward momentum for the token by indicating a lack of confidence among traders in addition to posing liquidity issues.
The Dogecoin price action has returned into a bullish trend in the past 24 hours after spending the majority of the past seven days on a correction path. Particularly, the Dogecoin price is currently up by about 4.5% in the past 24 hours.
Crypto analyst KrissPax has predicted that the Dogecoin price can rally to as high as $3 in this market cycle. The analyst further explained how the foremost meme coin will reach this price target using the Logarithmic scale.
Shiba Inu (SHIB) has been garnering significant attention from traders and analysts as it forms a symmetrical triangle on its 4-hour chart. This chart pattern, often associated with periods of indecision, raises questions about whether SHIB will break out to higher levels or experience a breakdown below key support levels.
Shiba Inu lead developer Shytoshi Kusama has set a bold vision to take SHIB into the top five cryptocurrencies by 2025. In a major milestone, the community burned 61.4 million SHIB in 24 hours, sending the burn rate surging by over 5,500%.
SHIB burn rate jumps 5545% overnight! Will rising burns and new Binance tools drive prices up?
Amid ongoing price consolidation, whales appear to be making big bets on Shiba Inu (SHIB), the second-largest cryptocurrency by market cap. Over the past two weeks, SHIB has been consolidating within a tight range between $0.00002287 and $0.00002644. Whales and Institutions Strong Action During this range, whales and institutions have accumulated a substantial 5.
Dogecoin (DOGE) Price recently surged to $0.48, its highest level since 2021, while surpassing Porsche in market capitalization at $58 billion.
Amidst the recent bull run, whilst other cryptocurrencies have displayed impressive surge in recent weeks, the price of Shiba Inu has been discouraging. SHIB recorded only 35% gains in the last four weeks. However, Dogecoin has surged by 143% during the same period, and PEPE saw an impressive 105% monthly gains.
The Shiba Inu price is currently witnessing a significant correction alongside Bitcoin. However, crypto analysts have suggested that Shiba Inu can experience a parabolic rally if the flagship crypto were to enjoy a bullish reversal above $100,000.
The meme-inspired cryptocurrency Shiba Inu has seen its daily burn rate soar last month by over 24,000% to 270.7 million tokens as the price of the cryptocurrency soared around 35.1% over the last 30 days. According to data from Shiba Inu burn rate tracker Shibburn a total of 270.
Popular crypto analyst Altcoin Sherpa is warning that Ethereum (ETH) may have a steep correction in its Bitcoin pair (ETH/BTC). The pseudonymous trader tells his 233,100 followers on the social media platform X that ETH/BTC could decline more than 35% from its current value. “ETH: I don't know if this bottoms until 0.
Shibarium is making waves in the DeFi industry. Data from DeFiLlama shows that Shibarium's DeFi TVL has soared to $3.76 million, marking its highest level in 30 days.
Altcoins are surging and dominating headlines, with Dogecoin (DOGE) surpassing luxury automaker Porsche by market cap amid news of a DOGE ETP launch. Top altcoins such as Cardano (ADA), Ripple (XRP), Stellar (XLM), and Ether (ETH) continue to gain impressively, signalling the imminent arrival of the altcoin season.
Shiba Inu (SHIB) coin holders, instrumental in the meme coin's recent recovery, are driving the potential for another rally. Over the past three days, a significant number of SHIB tokens have been moved off exchanges, signaling strong activity.
Dogecoin, Shiba Inu, and Bonk have formed bullish price patterns and are correcting from their respective resistance levels, creating potential buying opportunities.
Dogecoin price has performed well this month, reaching $0.4795, its highest level since May 2021, as the broader crypto rally gained momentum. Dogecoin (DOGE) traded at $0.40 on Nov. 28, marking a 365% increase from its September low.
The Shiba Inu lead Shytoshi Kusama in a latest tweet has shared an AI-generated image depicting ‘how it feels trying to give utility to a meme coin and take it from top 15 to top 5, in less than 5 years, and without a huge budget'. He clarified that he was talking about SHIB.
After a strong performance last week, Dogecoin (DOGE) faced a slight pullback due to broader market volatility, mainly driven by Bitcoin's fluctuating price.
Shiba Inu price plunged 17% to hit $0.000024 on Thursday, Nov 28. Traders spotted buying the dip as SHIB sets up for a major breakout in December.
Polymarket traders are split on Dogecoin's (CRYPTO: DOGE) trajectory as Inauguration Day approaches, with a 41% chance for DOGE to hit the 69 cents milestone by Jan. 20 next year. This represents a slight dip in confidence from the 53% chance on Nov.23.
In a recent tweet, the enigmatic Shiba Inu lead Shytoshi Kusama addressed issues of working with a meme coin to give it utility and then take it to the top five list of cryptocurrencies. He then specified that he was talking about SHIB.
Dogecoin is at a critical $0.40 resistance. A breakout could lead to $0.43 or if it fails, then a dip to $0.36 seems likely.
One of the two Dogecoin founders, Billy Markus who created the iconic meme cryptocurrency Dogecoin in collaboration with Jackson Palmer, has commented on the recent Bitcoin price surge.
Dogecoin price has witnessed a remarkable surge in November, securing its place among the top-performing cryptocurrencies. The meme-inspired digital asset has consistently climbed in value, defying broader market trends and showing resilience against corrections.
Today, Nov. 28, is Thanksgiving Day in the U.S., which means the country's financial markets are closed. For the cryptocurrency market, this means that there is no activity on the part of traditional market participants in the area of Bitcoin ETFs and Ethereum ETFs in particular.
In the last 24 hours, the meme coin market has witnessed a growth of 4.1%. In line with the trend, the second-largest meme coin by market cap, Shiba Inu, has recorded a surge of 3.2%. Notably, during this period, the burn rate of Shiba Inu has experienced a remarkable rise of 5545.73%.
Shiba Inu's token burn rate increased by 4500% as 53.61 million tokens were destroyed, while Binance expanded trading options and the price rose 5% to $0.00002557.
Valour, a subsidiary of DeFi Technologies, launched the Valour Dogecoin (DOGE) ETP on Sweden's Spotlight Stock Market. The ETP allows retail and institutional investors to gain exposure to the world's largest memecoin, Dogecoin (DOGE).
Whale sell-offs spike 712% while burn rate surges 4500%. Explore key levels and what these developments mean for SHIB's price outlook.
Users will be able to stake their dogecoin to receive their earnings.
Popular dog-themed meme coin Shiba Inu may be transitioning towards bullish territory once more as SHIB seems to be regaining its upward momentum for another notable rally after a recent price decline, which caused the token to drop to the $0.000023 level.
Dogecoin trades near $0.41 with increased institutional interest and strong technical indicators, supported by the launch of Nordic's first Dogecoin ETP and robust trading metrics showing growing market participation.
Data shared by the blockchain tracker Shibburn has revealed that in the last day, the SHIB army has managed to shovel another big meme coin lump into “inferno” wallets, removing tens of millions of SHIB.
Shiba Inu coin has again reverberated bullishness across the broader market on Thursday, witnessing a staggering 4500% uptick in the SHIB burn rate. Latest burn data indicated that over 50 million coins were taken out of the token's circulating supply, underlining the crypto's potential to pump ahead.
Shiba Inu (SHIB) has been stuck in a bit of a holding pattern, but something could be brewing. The price is sitting at $0.00002552, and it's been up about 3.77% recently. But here's the kicker—SHIB is forming a symmetrical triangle on the charts. If you're into technical analysis, you know this often signals a breakout.
DOGE flips Porsche, reaching $54.7B market cap. What does this mean for the future of meme coins?