Crypto traders are apparently becoming fearless, based on the striking imbalance in the Fear & Greed Index.
The market uptrend sparked by Donald Trump's November 5 US presidential election victory has entered its third week. Increased trading activity has pushed many major cryptocurrencies to new all-time highs, while lower-cap tokens have seen sharp value spikes, delivering significant gains to traders.
A dog-themed meme asset that rivals Dogecoin (DOGE) and Shiba Inu (SHIB) is flourishing after gaining support from top US-based crypto exchange platform Coinbase. In a new thread on the social media platform X, Coinbase says it's adding support for Floki (FLOKI), a memecoin launched in 2021 inspired by billionaire Elon Musk's pet dog.
Bitcoin trades just a few hundred dollars from $100,000. What will altcoins do if the price milestone is hit?
A crypto analyst has drawn a distinct comparison between the Dogecoin and Shiba Inu price movements, noting that the trajectory of both meme coins closely mirrors each other. While he points out these similarities, the analyst has projected the next bullish target for Shiba Inu as its price action shows signs of a potential uptrend.
The burn rate for Shiba Inu ($SHIB) blew up by 2225% on Thursday amidst a surge of interest in meme coins. Shiba Inu tokens, which collectively have a market cap of $14.
A widely followed cryptocurrency analyst and trader is turning bullish on one red-hot large-cap altcoin. The analyst pseudonymously known as Bluntz tells his 296,200 followers on social media platform X that memecoin Pepe (PEPE) could soar more than 35% from its current value.
Pepe (PEPE), the world's third-largest crypto meme coin, has been making waves in the cryptocurrency realm with its recent performance and is poised to continue this rally. The potential reasons for PEPE's bullish outlook include its current price action, notable whale interest, and prevailing market sentiment.
Here's the latest achievement of Shibarium.
Large transaction volumes for the memecoin have increased in the last two days from 39 billion to 460 billion - Good news for Floki?
Shiba Inu's daily chart has been consolidating in a triangle pattern, suggesting a possible breakout in the near future. On-chain data does, however, point to a worrying pattern.
Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are trading around 3% higher in a single day boosted by the optimism in the cryptocurrency market. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin $0.3923 $57.6 Billion +2.8% +5.3% Shiba Inu $0.00002496 $14.7 Billion +4.2% +3.1% Trader Notes: Analysts see bullish potential for the top two meme coins.
SHIB is gearing up for a massive bullish breakout as analysts predict a major upside for the altcoin, citing multiple bullish patterns. In a Nov.
A $2 million whale purchase of PEPE tokens has coincided with positive technical and on-chain metrics, as the price tests key support at $0.00001714 while showing signs of potential continuation in its upward trend.
Shytoshi Kusama, known in the crypto space as a leading voice in the ecosystem around the Shiba Inu (SHIB) token, made a number of high-profile comments on social network X. The comments touched on both the entire cryptocurrency market and the popular meme-inspired Shiba Inu token in particular.
Shiba Inu price continues to consolidate around a key level, but two unique chart patterns point to big a move ahead. If the pattern successfull breaks out SHIB could almost double in value.
Technical analysis reveals a bull pennant formation in Shiba Inu's price action, suggesting potential for a 53% rally to $0.000037 if the $0.000025 resistance level is breached.
Analyst and trader Ali Martinez is leaning bullish on one large-cap crypto asset while offering his insight on Bitcoin (BTC) and two altcoins.
Crypto whales acquired 1.67 trillion SHIB tokens from the exchanges in the past 24 hours.
The price of Floki Inu (FLOKI), the popular meme token, soared over 20% to $0.000283 after Coinbase announced it allows users to trade it.
An analyst has explained how Shiba Inu could kickstart a new rally to this price target if it can break through the $0.000025 resistance level. Shiba Inu Is Currently Trying To Break Past The $0.000025 Resistance In a new post on X, analyst Ali Martinez has discussed a pattern that has been forming in the SHIB price recently.
Following the channel breakout rally in PEPE price creating an ATH in November, the meme coin shows a post-retest rally. As the bull run restarts in PEPE, bulls anticipate the rally to create a new ATH next week.
Shiba Inus supply took a significant hit on November 21, as its burn rate rose 2225% with 14.58 million tokens destroyed. Despite a 2% price decline, market sentiment stays bullish amid monthly gains and favorable on-chain trends.
Is Shiba Inu's bull flag formation a sign of market confidence or just a temporary spike?
The triangle pattern formation that Shiba Inu is currently showing on its daily chart may pave the way for noteworthy price action. In the case of SHIB, triangle patterns frequently signal a period of consolidation prior to a clear market move, which may provide the groundwork for a robust upward rally.
The GMMEME index, which tracks key memecoins such as PEPE, SHIB and DOGE, has surged over 90% in November.
PEPE's breakout and whale activity spark optimism for sustained bullish momentum.
Shiba Inu (SHIB) price has experienced a significant surge this November, riding the wave of a bullish cryptocurrency market trend. The meme coin has demonstrated robust upward momentum, signaling strong potential for continued growth heading into 2024.
Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, has laid out a strategic plan focused on driving mainstream adoption and enticing centralized exchange (CEX) support for Shibarium, Shiba Inu's Ethereum Layer-2 solution.
Floki's Coinbase listing sparks a surge in price, volume, and investor confidence.
With Bitcoin (BTC) reaching new highs this week, altcoins have also drawn increased attention, notably with price momentum in meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB).
Shiba Inu (SHIB) is forming s a bull flag, signaling a move to $0.000037 if SHIB can break past the $0.000025 resistance, as just reported by Ali Martinez, a prominent crypto analyst who is considered a technical analysis expert.
Pepe (PEPE), the world's third-biggest meme coin, is poised for a massive bull run as it has broken out of a bullish price action pattern. Following this breakout, heightened participation from traders and investors has been observed in the past few hours.
A prominent player has dominated the limelight in the crypto circle by buying more than 105 billion PEPE tokens at a cost of $2 million. The token has fluctuated wildly over the course of the last several months and this particular exchange on November 20, has caused significant interest due to its enormity and the prevailing market tendencies.
Pepe Coin (PEPE) price has breached the upper limit of an ongoing consolidative pattern, suggesting that a breakout rally is near. If the momentum remains strong, PEPE could rally double digits and set up a new all-time high (ATH).
Floki price rallied to its highest level since June 8 after Coinbase, the largest crypto exchange in the United States, listed it and as the crypto bull run continued. Floki (FLOKI), one of the top meme coins, surged to $0.
Pepe Coin price staged a recovery while bullish momentum signals potential gains ahead Pepe (PEPE), the third-largest meme coin, has seen a significant recovery, rising to $0.000021 on Tuesday, its highest level since Nov.
Some coins keep setting new local peaks, while others have come back to the red zone, according to CoinStats.
Analyst predicts a major breakout for Shiba Inu, with a potential 60% price increase if the cryptocurrency can break through the $0.000025 resistance level.
The coin powering The Open Network, Toncoin ($TON), could soon overtake both its direct competitor, Avalanche ($AVAX), and the second biggest meme coin by market cap, Shiba Inu ($SHIB), according to the latest figures. Toncoin has barely moved at all in the last 24 hours, and still trades for around $5.42.
Check out the latest alert issued by Shibarium Trustwatch.
Shiba Inu (CRYPTO: SHIB) is gaining bullish momentum as traders eye a potential breakout off the back of Bitcoin hitting a new all-time high. What Happened: Shiba Inu's burn rate has increased by 209%, with 11.6 million SHIB removed from the ecosystem in the past 24 hours, according to Shibburn data.
The Floki ecosystem has grown in the recent past with more than $45 million in total value locked due to the support of other meme coins.
As the meme coin market stands tall above the $110 billion market cap, Doge and Floki showcase a promising rally ahead. Dogecoin trades at a 52-week high, and Floki is preparing for a new all-time high.
Floki's trading volume has doubled as it prepares for Coinbase listing, with the token approaching its all-time high amid broader meme coin market strength and increasing institutional interest.
FLOKI price has gained significant traction from investors lately, as evidenced by the meme coin hitting a 6-month high recently. Notably, this rally comes amid a flurry of developments surrounding the token as well as in the broader crypto market.
Floki (FLOKI), the Ethereum-based meme coin, saw a significant surge in trading volume after Coinbase confirmed it would list the token.
Floki (FLOKI), the dog-themed coin based on Ethereum, is gaining momentum following confirmation from Coinbase on Wednesday afternoon that it would list the asset in the coming day. Trading volume for Floki jumped 99.