Shiba Inu at Crossroads: What is the Future of the Memecoin?
Shiba Inu (SHIB) and other meme coins embarked on a rollercoaster ride in October. The crypto market saw SHIB’s value surge significantly as Bitcoin hit a new milestone at $35,000 before retracing to $34,000.
This surge ignited a sense of urgency among investors, leading them to secure their positions in anticipation of the bull run swiftly. However, as November unfolds, the pivotal question looming over the market is whether these gains can maintain momentum.
Shiba Inu Recent Price Movement
Shiba Inu came close to initiating a fresh recovery phase, aiming to break through the $0.000008 resistance level. However, profit-taking and a potential lack of buyers resulted in a minor pullback.
SHIB currently trades at $0.00000779, reflecting a 2.3% dip in the past 24 hours and a 1.1% loss over the last seven days. The meme coin market is known for its rapid and unpredictable price fluctuations.
Meanwhile, large volume holders, often called “whales,” have made significant moves in the SHIB market this week. Whale Alert reported a transfer of SHIB tokens worth about $35 million from an unknown wallet to another undisclosed destination.
Are the Whales Making Waves?
In another development, approximately 4.46 trillion SHIB tokens ($33.9 million) were transferred from the Bitvavo exchange to an unknown wallet. Investors are now pondering the potential price impact of these whale movements.
While it’s challenging to predict how these transfers will influence the market, they add an element of intrigue to Shiba Inu’s future. Whale activity can sometimes lead to increased market volatility, so it’s wise to monitor SHIB’s performance closely.
Furthermore, well-known trader and analyst Rekt Capital suggests that the bear market is a distant memory, and a full-fledged BTC bull market is on the horizon. This optimism could provide momentum for meme coins like Shiba Inu.
Shiba Inu’s remarkable journey in October, along with the broader meme coin movement, has garnered global investor attention. While the meme coin market is characterised by its inherent volatility, it continues to be an exciting space for those seeking high-risk, high-reward opportunities.
Memecoin
DOGE ($DOGE) Coin Price MovementsThe cryptocurrency market continues to recover from the effects of the decline that started with the opening of Wall Street. Bitcoin, which fell below the $35,000 level during the day, was trading at $35,043. Of course, many altcoins were also negatively affected by this situation, but buying has started to increase in the altcoin market as well. So, what’s happening in the Dogecoin market? Let’s take a closer look.
The first notable formation in the daily Dogecoin chart is a descending wedge formation. In this pattern that has been ongoing since March, the DOGE price recently squeezed into a tight range after touching the resistance line. This situation, especially at the EMA 200 (red line) level, may indicate a negative scenario for DOGE.
The support levels to watch for DOGE are respectively $0.06719, $0.06449, and $0.06163. Although it may be difficult to talk about any negative scenarios below these supports, contact with the support line can be expected with a daily bar closing below the $0.06163 level.
The resistance levels to watch for DOGE are respectively $0.06820, $0.07260, and $0.07720. Especially, a daily bar closing above the $0.07260 level will trigger an upward breakout in the descending wedge formation and this will accelerate the rise of DOGE.
$USDEBT: Indebt Tokenomics $USDEBT, launched in May 2023, represents a unique blend of crypto technology and humor. Created by a global team of blockchain enthusiasts and meme aficionados, this crypto meta-meme takes a satirical stance on the current financial system, with a particular focus on the escalating US debt crisis. Beyond a simple digital asset, $USDEBT is a potent symbol that distills the term "US Debt" into a token emblematic of global financial challenges.
The team behind $USDEBT perceives it as more than a cryptocurrency. They envision it as an innovative development in the world of crypto memes, a domain where humor and satire meet technology to instigate meaningful discourse about traditional monetary systems. In line with the decentralization principle of cryptocurrency, $USDEBT seeks to morph liquidity pools into a dynamic platform for meta-memes, bringing about a revolution in the crypto meme landscape.
$USDEBT Purpose
$USDEBT is more than a mere token – it's a social and financial commentary on global economic systems. Through humor and innovative technology, it aims to drive the evolution of crypto memes and foster constructive discussions on national debt. This unique blend of humor and technology underscores the transformative potential of blockchain.
$USDEBT Tokenomics
$USDEBT is fundamentally a community-driven project, reflecting the team's commitment to decentralization and transparency. The project's roadmap outlines two phases. The first targets the expansion of the $USDEBT community, listing on major cryptocurrency platforms, and stimulating meme creation around $USDEBT. The second phase involves community consultation to determine future directions for $USDEBT's growth and development.
Among the team's proposed ideas are the establishment of a $USDEBT Decentralized Autonomous Organization (DAO) and the creation of a MemeExchange. Further creative endeavors include designing a mascot and formulating the concept of the 'Gang of Six Characters', with the community being the critical sixth member.
My Approach to MEME TradingHi!
If you are even little bit interested in Crypto then you probably have noticed all the buzz and excitement around MEME token launch (especially in Crypto Twitter, now X). Looks like they are stealing all the spotlight with their upcoming Binance listing which should happen tomorrow( Nov 3rd). Company behind that token is Memeland, which was founded in June 2022 (same team who started 9GAG back in 2008). Memeland is an independent web3 venture studio.
They are really good at marketing and the way how they launched their marketing campaign could be a great case study about creative marketing.
But let’s rewind time back to the end of September and see how I approached to that event. And maybe more importantly why?
I knew Memeland project way before that – they have quite popular NFT collections. They belong into top 10 NFT projects. I also knew that at some point they will launch their token. At the end of September Memeland’s CEO confirmed in Twitter spaces that token will be launched in October. As I’m not new to Crypto, I knew that there are always a lot of delays with everything related to Crypto. This time my gut told me they are going to do it within that timeframe.
So it might be a good idea to buy their NFTs. Because holding those NFTs are basically only way to participate in token pre-sale and every NFT will get an airdrop of MEME tokens.
Information about NFTs:
• 25% of the total token supply will go to NFT holders.
• 20% unlocked at TGE (Token Generation Event)
• 80 % locked in NFTs with non-linear unlock
I bought some of their NFTs before marketing campaign and my entry timing was quite good. I’d say there was a window of opportunity. Since that value of those NFTs has increased significantly from my entry point and I have already participated in token pre-sale. By selling now I would be in instant profit but that’s not the plan. These NFTs will hold 80% of the tokens so it would be interesting to see the price action of these assets after 1st part of airdrop.
Why I decided to participate in MEME pre-sale?
So far I have never traded meme coins, it’s not my thing. On the other hand, I’m open-minded and ready for new challenges. This time I decided differently and here's some of the reasons:
1) Financial interest – As a trader I see an opportunity here. I think this token's launch will have a lot of buzz around it. People are tired of long bear market (2 years) where basically nothing happens. This event will create a lot of excitement for crypto community (and remind good old days to some Crypto OGs).
2) Timing – Crypto bear market, nothing happens, no excitement. Market sentiment is low (although it has been improving lately). On the other hand all eyes are on their token launch. Would like to see how this plays out, especially in current market cycle.
3) Token symbol MEME - can you think a better name for a meme coin.
4) Trading education – I’ll probably learn a lot about markets with this launch, no matter what’s the outcome.
Now let’s move to the trading plan
My thesis is that this token can have its momentum and will fly for some time. In other words, odds are good for price increase. Of course I could be wrong but that’s the way how I’m evaluating that event.
At launch I have:
• 20% of my NFT airdrop unlocked (80% locked)
• 25% of my pre-sale allocation unlocked (75% locked)
My plan is to liquidate all my unlocked tokens within first few weeks. If the price is going where I anticipate, it would be wise to lock in some profit. This doesn’t mean this token could not have its value in the future. MEME will play important role in their ecosystem.
My trading plan is simple 😊:
• Watch price action and make adjustments to my plan if necessary
• Scale-out from my position i.e. sell with blocks at different price levels
• Market cap - I have created a table with calculations of different prices and market caps so this will help me to set scale-out levels.
• Compare it with other popular meme coins
• Most recent example is PEPE
Thank you and don’t forget to enjoy your trading!
Cheers
DORK LORD Painted Adam & Eve - Point to Buy?!Hello dear traders!
BITGET:DORKLUSDT is making waves on social media, and its price is forming an intriguing pattern that could trigger a significant surge for DORK LORD token.
💙💛. Guys, a simple reaction to this analysis works wonders!
It's a free way to show your support and keeps me motivated. 💙💛.
The community behind it is not only funny but also backed by influential figures. Check out these entertaining memes:
While the community is having a blast, let's focus on trading and investing.
Using technical analysis, we can establish a few price targets.
The current key resistance level is at 3141.
Once the price breaks through, I anticipate a substantial rally to levels around 4000 - 5400 - 7700.
Considering the current price is 2300, this presents an excellent opportunity for HODLERS.
PEPEUSD Don't get excited. Cautious buy but strong sell at top.Pepe (PEPEUSD) is having an amazing 6 day bullish streak, breaking and closing above both the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line) during that span. This is the bullish leg towards the top (Lower Highs trend-line) of the 5-month Channel Down, so even though we expect it to extend some more, be cautious and get ready to sell at the top.
The immediate Target is 0.00000145 and then after a pull-back the 0.786 Fibonacci retracement level at 0.00000160. On the 0.786 Fib be ready to short and target the 1D MA50.
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👇 👇 👇 👇 👇 👇
🔥 PEPE Is Going To Fly: Crazy Potential 🚨In my last PEPE analysis I was looking at this falling wedge pattern and patiently waiting for the break out.
Now that BTC has broken bullish, PEPE has followed suit. With PEPE breaking through the 85 resistance (omitting the zero's for clarity), it seems that the breaks are off this token.
Apart from the meme potential, this token has been shorted very badly over the last months, making way for a potential short-squeeze.
I doubt that we're going back towards the 300-350 area in the near future, but it's certainly a possibility for the next few months, assuming that BTC will not dump on us.
For now, the entry has been hit and we're enjoying the ride.
🐶Floki Inu(FLOKI)🐶 will Go UP by Falling Wedge Pattern(➕40%)🚀🐶One of my favorite memecoins is Floki Inu(FLOKI) .
🚀Today, I want to share with you an analysis of Floki Inu(FLOKI) that shows us a ➕40% growth probability for it (be sure to observe capital management).
💡The upside of Floki Inu(FLOKI) is that it has little Correlation with Bitcoin .
✅Floki managed to form a Falling Wedge Pattern in the 🟢 Heavy support zone 🟢.
🔨Also, Floki Inu(FLOKI) broke the SMA(50) , which is a good sign for its price to rise.
💡Also, we can see Regular Divergence(RD+) between two consecutive valleys.
🔔Although the Death Cross Signal is visible on the chart, I still expect the volatility to rise (➕40%) to at least the Downtrend line after the break of the upper line of the Falling Wedge Pattern .
📚☠️ Death Cross Signal ☠️: The death cross appears on a chart when an asset's short-term Moving Average(MA), usually the 50-day , crosses below its long-term moving average, usually the 200-day .
Floki Inu Analyze ( FLOKIUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SPOT THE DIFFERENCE: Real vs RUG📈📉Hi Traders, Investors and Speculators of Charts📈📉
Hundreds if not thousands of new cryptocurrencies launch monthly. All with big promises of use case, flashing tech and a stock-standard wide mouthed YouTube guy telling you how high it will moon. With these new tokens and coins also comes many initial coin offerings (ICOs) that are often scams. The demand for these have grown, even despite the fact that many people get rugpulled. This mostly unregulated market makes for a perfect place to scam innocent people out of their money, with little consequences to the thieves.
With crypto scams rampant, it's easy to get mixed up in a scam coin whose ultimate goal is a liquidity drain (slow, stair-step bleed down). Here's my top advice to avoid diversifying into bad projects / scams:
- Research the team. Perhaps the single most important success factor for any ICO or cryptocurrency is the developers and administrative team behind the project. The cryptocurrency space is dominated by major names. For that reason, it's increasingly common for scammers to invent fake founders and biographies for their projects.
- Check the whitepaper, twitter account and website. You want to see the background, goals, strategy and timeline for implementation for any blockchain-related project. This can be incredibly revealing: companies that have a flashy website may reveal they lack a fundamentally sound concept. On the other hand, a company with a website containing spelling errors may que that they lack a professional and qualified team and the website was built by someone's cousin's brother.
- It it sounds too good to be true, it probably is. The idea of getting rich quick on an investment in a hot new project sure is tempting. Remember that projects sounding too good to be true , likely are. Spend time scrutinizing every detail, and assume that the absence of a piece of crucial information may be an attempt to hide an unsound model or concept.
- Note the name. I can't stress this enough. Baby Doge, Baby Shib, pizza coin, bulldog etc... These are all coins that are obviously meme coins and you can almost expect to be rugged if you buy into a coin with a weird or funny name.
Final Rule of thumb : Always be CAUTIOUS when investing in projects that have retraced more than 90% from its ATH.
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BINANCE:DOGEUSDT BINANCE:DOGEUSD BYBIT:BABYDOGEUSDT MEXC:BABYDOGEUSDT
#DBI about to embark on it's recovery $2M Marketcap
*lotto money only*
But upside should be quite explosive
This chart is versus #WETH
PolyDoge review (memecoin)First of all, I think it's important to point out that I don't invest in meme-coins and I don't see any value in it.
This is just an analysis with a more humorous and entertaining content, which I did in my free coffee time.
I would never put my life savings in such a place...
Asterisks aside, let's get to the analysis.
A brief introduction
PolyDoge is a memecoin token contained on the Polygon blockchain. It offers an ecosystem of NFTs, Dapps and airdrops.
Source: Polydoge website
Price analysis
Price is above a diagonal support line.
If I were to position myself on this, I would aim for a profit of at least 40% touching the diagonal resistance line.
Looking at a lower timeframe, we could place a tighter stop or target:
"There is no expensive stop, what exists is bad risk management".
$GRIMACE: yet to be historical s##tHello, dear community!
$GRIMACE is $80 now. I think I nailed my previous forecasts here . Now its time to set new targets.
I'll be brief and to the point today because everything from the last idea is relevant, only new targets are have to be determined.
Today there was a slight correction accurate to .618 Fibo level. Now the price starts to consolidate between $75-85. If we set Fibo extension, we`ll get targets at $ 114/143/190. About x2.5 short-term potential.
Long-term? The same as in previous idea, $1000 per 1 Grimace.
Good luck 👾
PEPE is ready to increase at least ➕10%🚀🚀🚀PEPE is moving on the 🟢 support zone 🟢.
According to Elliott's wave theory, PEPE started to form 5 downward waves after losing its uptrend line.
🔔I expect wave 5 to finish at the 🟢 support zone 🟢 and PEPE to grow at least ➕ 10% 🚀🚀🚀.
Pepe Analyze ( PEPEUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
$GRIMACE: for those who skipped DOGE, SHIB, PEPE and other memesHi everyone! Starting Reposting my first TV idea (and probably the last one because this trade has lifechange potential). The first edition of it was removed because I put a link in it. The idea has become clearer tho. Please, welcome our dear BRO $Grimace 💜
🧐 CEO of the project is Odyssey, CIS crypto influencer and good guy, and the creation story comes from the tweets by Elon Musk and mcDonalds on Twitter . We all know Musk as a fan of pumping something, but at that moment there were no Grimacecoin. But there is now 😏
📈 Let`s look at the chart. From the beginning of August, we have wide consolidation phase in which support level of $23 was succesfully tested multiple times. Now support level is $25.8 where the biggest volume profile is (after long accumulation below $5).
📈 Now a pattern is being formed to continue the trend. In my opinion, the technical picture is beautiful: new accumulation is forming before breaking previous ATH. The rising trend is strong and crisp. And look at this growing volume – the sign of rising interest and an upcoming move. Also think this way: If any crypto like ETH, XRP or fkn FLOKI would have such a chart, how easy would it be to go long? 😏
*btw, Grimace is +1.5% while all crypto market is red. Something to consider?
🎯 Where are my targets? Because we are trading for not so long and near all-time highs, targets can only be set using the Fibonacci extension grid. According to it, the nearest targets from the current $25 are 40/54 (+45%/+97%). The next Fibo targets are 75/105/120, and CEO Odyssey sets his minimum target at $1 billion capitalization, which equals $1,000 per coin. But for now Im modest, and such goals did not fit on the screen 😏
🤔 I would also like to note that such meme-coins do not go after bitcoin (the bitcoin has a risk of a slight correction following the American indices). By the way, about similar meme-coins: at the peak, the capitalization of BINANCE:PEPEUSDT , meme-coins with signs of a scam (the contract parameters included the possibility of arbitrary blocking of wallets objectionable to the developer) reached $1.5 billion, and the growth was hundreds of thousands of percent (not to mention BINANCE:DOGEUSDT or BINANCE:SHIBUSDT , capped at $70 billion and $35 billion respectively). The capitalization of Grimace, coins with clean contract parameters, a lamp community and even a history of creation thanks to Musk and mcDonalds - so far $ 25 million. If this is not an underestimation, then what is an underestimation?
See you at $1000 for 1 Grimace 💜
🐸PEPE🐸 Analyze (Road Map)!!!🗺️(15 min)Hi everyone👋.
PEPE is moving in the 🔴 resistance zone 🔴.
🌊According to Elliott's wave theory , PEPE is completing the main wave 5 . (currently completing microwave 5 of main wave 5).
💡Also, we can see Regular Divergence(RD-) between wave 3 and wave 5.
🔔I expect PEPE to go UP to the upper area of the resistance zone and then start to FALL again and lose the uptrend line .
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🌐➕ Positive News ➕🌐:
Meme Coins PEPE and SHIB Rally Double Digits on the Week.
Analyst Predicts Potential Breakout For Pepe Coin With $1B+ Market Cap In Sight: 'Breakout Has Barely Started.'
Crypto Analyst Predicts Parabolic Run for Memecoin Pepe (PEPE), Updates Outlook on Dogecoin (DOGE).
🌐➖ Negative News ➖🌐:
Attention to PEPE is not the same as before.
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Pepe Analyze ( PEPEUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
HarryPotterObamaSonic10Inu Bitcoin"In the Enigmatic Billion-Dollar Realm of Memecoins, HarryPotterObamaSonic10Inu Reigns Supreme"
Amidst the labyrinthine landscape of meme-inspired cryptocurrencies, there exists a burgeoning billion-dollar market, and at the heart of it all, stands HarryPotterObamaSonic10Inu (Ticker: BITCOIN), a titanic force poised to dominate. With a bold vision and an unwavering commitment to innovation, BITCOIN is setting a course to outshine and outperform, firmly securing its place as the ultimate pinnacle in this resplendent realm.
The allure of memecoins has kindled an economic firestorm, with investments flowing like rivers into this captivating and often whimsical world. Among these digital treasures, HarryPotterObamaSonic10Inu reigns as a towering colossus, casting a shadow over its rivals and asserting its unassailable supremacy.
What sets BITCOIN apart is its audacious approach to forging new paths, redefining the boundaries of what a memecoin can achieve. This is no ordinary cryptocurrency; it's a canvas for innovation, a theater for artistic expression, and a wellspring of jubilation for its devoted holders. By fostering the creation of captivating meme content, BITCOIN doesn't merely entertain, but rather becomes a beacon of creative inspiration that radiates throughout the entire spectrum of the cryptocurrency universe.
Furthermore, BITCOIN's steadfast dedication to transparency and security solidifies its position as a true luminary within this economic galaxy. Renouncing ownership and steadfastly locking liquidity, BITCOIN is building an impregnable fortress of trust, reassuring its burgeoning community that their investments are safeguarded within the embrace of this extraordinary endeavor.
And the story doesn't conclude there. The pages of BITCOIN's tale are adorned with a tapestry of successful audits, an invaluable collection of NFTs, and strategic partnerships that underscore its determination to tower above the rest. With an exceptional website as its stage and the promise of an e-commerce platform that is unparalleled, BITCOIN is poised to transcend conventional limitations.
Yet, BITCOIN represents more than just an economic venture; it embodies a cultural phenomenon that unites individuals across the globe. It's an invitation to partake in a journey where cooperation, innovation, and the spirit of community flourish in harmonious symphony.
As we gaze into the future, our vision extends far beyond the present horizon. HarryPotterObamaSonic10Inu (BITCOIN) is not just a memecoin; it's a trailblazer, a harbinger of transformation, and an embodiment of the audacious spirit that drives us to ascend beyond the ordinary. In the sprawling expanse of the cryptocurrency cosmos, BITCOIN shines with a brilliance that is unparalleled, beckoning us to journey forth, exceed expectations, and embrace a future where the potential is as boundless as the imagination itself."