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Shiba Inu is one of multiple meme coin cryptocurrencies on the market that suffered from a bearish August. Most of the market faced significant price drops but is beginning to rebound. SHIB in particular, had a rough few months before August before a further dropoff. Now though, the asset is slated to ride the current market rebound, breaking a 5-month downtrend. The meme coin is finally noting consistent support from its investors, as noted in the funding rate. This steady backing from investors is crucial for maintaining upward momentum. It could also signal growing confidence among the Shiba Inu community. Additionally, inflows into Shiba Inu have been strong over the past month and a half. Consistent inflows suggest that capital is steadily moving into the asset. In turn, this further supports its recovery and potential for future growth. Another aspect set to help the meme coin break out of its recent downtrend is a rise in its burn rate. The coin’s burn rate skyrocketed 1,2...

A widely followed cryptocurrency analyst believes Bitcoin (BTC) is on the verge of rallying to fresh record highs. Pseudonymous analyst Bluntz tells his 270,000 followers on the social media platform X that he thinks Bitcoin has started a fresh five-wave surge that could propel BTC to a new all-time high after taking out resistance at $62,000. The trader practices the Elliott Wave theory, which states that a bullish asset often witnesses a five-wave upside move before a significant correction. Says Bluntz, “We got the breakout, pretty confident this is the all-time high run starting now.” Source: Bluntz/X Based on the pseudonymous analyst’s chart, it appears that Bluntz is suggesting that Bitcoin could go up to a price of $84,000 in a series of waves by mid-September. At time of writing, Bitcoin is trading for $63,888, up over 5% in the past day. Looking at Solana (SOL) competitor Sei, the analyst believes SEI is about to erupt against Bitcoin and...

Shiba Inu (SHIB) has become one of the most popular meme cryptos in the market. The meme coin has been making strides and taking over its well-established counterparts. The asset’s price surged by 17591008.13% from its all-time low of $0.00000000008165. But it remains 83% below its all-time high of $0.00008845. Source Considering this plummet, the community feels it will be long before new millionaires and billionaires are made out of this meme crypto. Also Read: Dogecoin: How DOGE Can Surge If It Holds Current Support Level But many meme cryptos exist for those seeking growth beyond the Shiba Inu network. Certain newly emerging meme coins have enormous development potential. Because of their distinct allure and vibrant communities, monitoring these meme cryptos is essential. Also Read: Solana Eyes $175 as New Pattern Has SOL Set to Surge Are These Meme Cryptocurrencies The Next Shiba Inu? 1. SUNDOG (SUNDOG) – Tron Meme Cryptocurrency Source The newest canine-themed coin on...

Inspired by the BRICS de-dollarization agenda, Zimbabwe launched a new gold-backed currency, the ZIG, early this year to take on the US dollar. The gold-backed currency was launched in April 2024 to reduce the circulation of the US dollar in the country. Surprisingly, ZIG is gaining steam across Zimbabwe and 40% of payments are being initiated in the new currency by citizens. Also Read: More Than 50 Countries Could Accept BRICS Payment System While 40% of payments are being settled by citizens, the government settles 80% of transactions in the gold-backed ZIG. This comes from the playbook of BRICS where the alliance aims to make the US dollar a secondary currency. The bloc convinces developing nations to use local currencies to strengthen their economies. Also Read: 47 Countries Ready To Join the BRICS Alliance BRICS: Gold-Backed ZIG Currency Grows in Zimbabwe, Only 60% Transactions Settled in US Dollar Source: news.bitcoin.com ZIG has eaten up 40% of all transactions leaving the US do...

The Mog Coin price has surged 10% in the last 24 hours to trade at $0.000001198 as of  5:50 a.m. EST on a 21% pump in trading volume to $24 million. Mog Coin Price Bulls Poised For Bull Rally The Mog Coin price technical landscape highlights key areas of interest for traders. At the heart of the Analysis lies a well-defined support zone, which has repeatedly served as a safety net for the price. This zone, marked in orange, represents a level where buyers have historically stepped in to prevent further prices from declining. This area has been tested multiple times, underscoring its significance in maintaining the market’s bullish sentiment. MOGUSD Analysis Source: Dextools.io Just above this support, the price is currently moving within what is identified as the reward zone. This region suggests an accumulation phase, where traders might anticipate an upward move. A take-profit level indicated further reinforces this bullish outlook. This level aligns with a...

A cryptocurrency whale has sold off tens of millions of dollars worth of Solana (SOL) since the year started, on-chain data shows. According to blockchain tracker Lookonchain, the whale initially sold the first batch of SOL on January 15th. Over the ensuing weeks and months, the whale unloaded 614,000 SOL worth $89 million on Coinbase, OKX and Binance crypto exchanges, per on-chain data. Source: Lookonchain/X The whale has averaged one sale per week, according to Lookonchain. Source: Lookonchain/X Looking closer at on-chain data, it appears that a stash of approximately 100,000 SOL was withdrawn from staking platforms over the last 30 days before being deposited into the three crypto exchanges. Source: Lookonchain/X SOL is trading at $142.66 at time of writing. In a new report, digital assets manager CoinShares says that Solana institutional crypto investment products witnessed millions of dollars in outflows last week. “ Solana saw outflows of US$39 milli...

The altcoin market looks like some coins are trying to bounce back. Investors need to stay alert during this consolidation phase, as it could be a chance to ride a rising trend. Institutional investors are now paying more attention to interoperability and tokenizing real-world assets. Prices of these assets are climbing, even before the market takes off entirely. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token. Next Cryptocurrency To Explode Attention in the crypto market in the coming month will go toward the altcoin and meme coin sectors and making the most of the altcoin market. Hence, investors can capitalize on the moment and take a position in upcoming tokens like PlayDoge. PlayDoge is a new Doge meme coin that uses play-to-earn technology to create a gaming economy with real monetizable value. This post covers the details of its presale. 1. HTX (HTX) HTX’s price today stands at $0.051449, reflecting a...