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.
Bitcoin trades just a few hundred dollars from $100,000. What will altcoins do if the price milestone is hit?
A crypto analyst has drawn a distinct comparison between the Dogecoin and Shiba Inu price movements, noting that the trajectory of both meme coins closely mirrors each other. While he points out these similarities, the analyst has projected the next bullish target for Shiba Inu as its price action shows signs of a potential uptrend.
In this weekly analysis of meme coins, BeInCrypto observed that these tokens experienced mixed results. While some tokens saw gains, others grappled with significant losses.
The burn rate for Shiba Inu ($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.
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.
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.
The memecoin market is abuzz with recent activity spurred by Bitcoin's (BTC) performance. Bitcoin is reaching its peak dominance, and investors are flocking to smaller projects in hopes of finding the next crypto unicorn.
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).
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.
BONK has achieved new all-time highs and reclaimed its position as the largest Solana-based memecoin following its Upbit KRW listing, with trading volumes exceeding $3.58 billion and market capitalization growing beyond $4.15 billion.
The price of XRP has been circling $1.10 for the last four days, indicating that it has entered an apparent stagnation phase. There are concerns about whether the bullish momentum has run its course or if this is a brief consolidation before another move, given the lack of movement that followed a notable rally earlier in the month.
By 2024, the cryptocurrency market has seen the rise of a fully developed meme coin sector. Known for their high volatility, these assets offer the potential for massive returns — but they come with equally high risks.
Almost all meme coins in the top 100 alts are down by double digits now.
Bitcoin's (CRYPTO: BTC) approach toward the psychological $100,000 mark has sparked interest, with inflows into spot ETFs and IBIT options trading contributing to optimism. Statistics: Lookonchain data shows the spot Bitcoin ETFs recording a net inflow of 9,363 BTC ($884.9 million) on Tuesday.
Pepe mirroring DOGE's 2021 pattern suggests that the former could lead this memecoin cycle.
Pepe Coin price remains in a bear market after falling by 23.3% from its year-to-date high. Crypto experts expect that the popular meme coin will bounce back and blast past its all-time high in the near term.
As the year 2024 is coming to an end, an overview of the best-performing tokens is a must. Prepare for 2025, or re-evaluate your 2024, here is your chance!
PEPE coin's trading volume has reached an 8-month high following Coinbase and Robinhood listings, while experiencing price volatility and showing technical patterns similar to Dogecoin's 2021 bull run.
SAND may be building momentum as key technical and on-chain signals pointed to a breakout.