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Memecoins

Bitcoin above $64,000 – Here’s the impact on memecoins like Dogecoin, Shiba Inu

TokenTalk Staff

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Bitcoin above $64,000 – Here’s the impact on memecoins like Dogecoin, Shiba Inu
  • The overall memecoin market plunged, led by DOGE, SHIB and PEPE.
  • Technical analysis shows further potential declines for the altcoin market.

The cryptocurrency market has seen significant fluctuations recently, with meme coins experiencing a noticeable slowdown.

These whimsically themed cryptocurrencies, often inspired by internet memes and jokes, saw their collective market capitalization reduced to $54.5 billion, a 3.3% decline over the past day.

Despite their typically volatile nature, the decline has been brutal and influenced mainly by major players such as Dogecoin [DOGE], Shiba Inu [SHIB]And Pepe [PEPE].

After a period of robust growth, during which Dogecoin, for example, surged by 9.8% last week, it, along with PEPE, faced a slowdown of more than 4% in a single day.

The Shiba Inu, on the other hand, has seen a steady decline over the week, culminating with a 4.5% decline yesterday.

This series of declines has sparked conversations and concerns regarding the sustainability of meme coins in a bear market.

However, although the price performance may make Shiba Inu the reddest in the top 3 in the meme coin market, AMBCrypto recently reported that a $0.000031 projection being the immediate target of SHIB if the bulls prevail.

A change in the Memecoins market coming

The decline in memecoin values ​​coincides with a broader decline in their trading volumes.

According to Dune analysismemecoin transaction volumes on major blockchains such as Ethereum [ETH] And Solana [SOL] fell dramatically.

Source: Dune

From a high of nearly $998.55 million in March, weekly trading volume dropped shockingly to just $1.6 million as of May 6.

This sharp reduction indicates a significant decrease in merchant interest and confidence in these digital assets.

On closer inspection, individual coins reflected this trend.

Dogecoin’s trading volume, for example, has halved by 50% over the past two months, while Shiba Inu and PEPE have seen their volumes decline by over 80% and 50% respectively.

This overall market behavior reflects a broader disinterest on the part of investors.

Implications for the broader crypto market

The slowdown in meme coins could be a precursor to broader challenges in the market. Traditionally, bull markets in the cryptocurrency sector are often propelled by a surge in altcoin activity.

However, the recent widespread downturn suggests that bearish trends may continue to dominate the broader crypto landscape.

In technical terms, the TOTAL3 chart – the total market capitalization of all cryptocurrencies excluding Bitcoin [BTC] and Ethereum, have demonstrated multiple downward structural breaks.

This indicates a possible prolonged bearish phase for altcoins.

Source: TradingView

Is your wallet green? Check BTC Profit Calculator

Additionally, the altcoin market recently tested a significant supply zone on the 6-hour chart, marked by a shooting star followed by a bearish engulfing candlestick pattern closing below the shooting star .

This sequence suggests that the altcoin market could continue to face downward pressure until a low is reached, and then a potential reversal to the upside could then be possible.

Following: Worldcoin and Litecoin spark investor interest: From ETFs to AI, here’s what’s happening

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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Memecoins

Shiba Inu Loses Ground to Three Rival Meme Coins in Trading Volume

TokenTalk Staff

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Shiba Inu Loses Ground to Three Rival Meme Coins in Trading Volume

Shiba Inu (SHIB), a leading dog-themed token, is losing the trading volume race to meme coins like Dogecoin (DOGE), Pepe (PEPE), and Dogwifhat (WIF). Data from CoinMarketCap reveals that SHIB has the lowest 24-hour volume among the top four meme coins by market cap. Over the past 24 hours, SHIB’s trading volume has dropped by 17.73% to $256.57 million.

Conversely, Pepe (PEPE) leads the memecoin category with the highest 24-hour trading volume, reaching $979.52 million despite a 12.76% decline. Dogecoin (DOGE) follows with a daily volume of $853.53 million, down 6.32%. Dogwifhat (WIF) ranks third, with a daily volume of $451.49 million, which represents a 9.4% decline.

As of 07:22 (UTC) today, the total 24-hour volume of the meme crypto market stands at $4.57 billion. SHIB accounts for 5.61% of this total volume. PEPE dominates with 21.43%, while DOGE and WIF account for 18.67% and 9.87%, respectively. An increase in volume often indicates strong interest in an asset, while a decrease in volume suggests the opposite.

Shiba Inu Prices Rebound

Despite the trading volume Due to the difficulties faced by cryptocurrencies, Shiba Inu and other cryptocurrencies have experienced price rebounds. The price of SHIB fell below the $0.000016 threshold, reaching a 24-hour low of $0.00001587. However, it quickly rebounded and is now up 3.41% at $0.00001681.

Similarly, other top memecoins have posted price gains. DOGE has increased by 4.63% in the last 24 hours, while PEPE and WIF have registered gains of 1.48% and 2.32%, respectively.

These fluctuations highlight the volatile nature of the memecoin market. As traders continue to monitor these assets, changes in volume and price will remain critical indicators of market sentiment and interest.

In summary, while Shiba Inu is struggling to handle trading volume, the broader meme coin market is active, with PEPE, DOGE, and WIF leading the daily trades. Investors will need to remain vigilant, as the dynamic market environment can change quickly, presenting both challenges and opportunities.

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MOONHOP, BONK and Pepe » Merkle’s News

TokenTalk Staff

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MOONHOP, BONK and Pepe » Merkle's News

A Look At The Future Of BONK And Pepe’s Price As MOONHOP Presale Surpasses $1 Million In Stage 2

Meme investors are always looking for that undiscovered gem that could generate wealth for generations. With BONK showing growing potential and Pepe’s forecast bullish, the market is full of opportunities.

Yet the most striking story is MOON OF MOON (MHOP)the new gem that is causing a stir. Having nearly completed the sale of its second pre-sale phase with an initial price of just $0.014 per coin, MOONHOP is at the forefront of meme coin contenders. This opportunity has attracted investors eager for substantial gains and an exhilarating journey to the stars. Interest peaked as MOONHOP’s pre-sale approached the $1 million mark.

BONK Future Assessment: Key Information for Investors

BONK, a meme cryptocurrency on the Solana network, has been gaining attention with significant price increases. BONK recently saw a 33.5% increase in value, bolstered by a bullish rising wedge pattern.

Despite this progress, investors continue their search for the next big cryptocurrency, looking beyond BONK’s current status to new and potentially more profitable cryptocurrencies. BONK shows potential for further growth, but the search for new investments in the crypto landscape continues.

Pepe Market Forecast: 41% Rise Ahead Despite Risks

Following the initial approval of ETH spot ETFs, Pepe’s value surged 29% to $0.00001223, alongside a 98% increase in 24-hour trading volume to $2.27 billion. Market indicators remain positive with an RSI of 61.14 and Chaikin Money Flow of 0.12, indicating increasing buying interest. Exchange futures open interest (OI) also increased by 31.47%, indicating increased investor engagement.

However, despite these optimistic signs, the inherent volatility in the market and potential risks such as sharp sell-offs and regulatory changes, create a mixed outlook for Pepe, with potential upsides as high as $0.00001730 amid possible rapid market changes.

MOONHOP Transforms the Experience for Meme Coin Lovers

MOONHOP is stirring excitement in the meme coin sphere with its vibrant and supportive network called The Fluffle. This community thrives on fun, growth, and a shared enthusiasm for adventure, inviting everyone to join in the excitement. MOONHOP has set aside 4 billion MHOP coins for its presale, out of a total supply of 8 billion, with an attractive starting price of $0.014 per coin in its nearly completed second stage. The presale raised an impressive $1 million.

MOONHOP’s roadmap is full of promise. The project is segmented into 50 stages, each of which is set to reward early backers with incremental price increases. From an initial price of $0.014 to a launch price of $0.50, this structured pricing model targets a potential growth of 4,900% from the initial stage to the final stage. Investors looking for a promising meme coin should act quickly, especially since the pre-sale reaching the $1 million mark suggests a likely price increase.

The future looks bright for MOONHOP with community expansion plans, aggressive marketing initiatives, and major stock market listings. This unique strategy and strong community support position MOONHOP as an attractive investment prospect. In today’s market, MHOP shines as the meme currency with the greatest potential.

Final thoughts

As Ethereum’s market outlook is favorable and Notcoin is growing, MOONHOP remains the real powerhouse. With its vibrant community, smart pre-sale setup, and huge growth potential, MOONHOP is poised to make a splash in the market. For those who want to stay at the forefront of the cryptocurrency arena, MOONHOP offers a prime opportunity for remarkable gains and an innovative community experience.

Join the Moonhop presale now:

Disclosure: This is a sponsored press release. Please do your research before purchasing any cryptocurrency or investing in any project. Read the full disclosure here.

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LINK Briefly Touches $15 as Raboo and Pepe Succeed

TokenTalk Staff

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LINK Briefly Touches $15 as Raboo and Pepe Succeed

Disclosure: This article does not constitute investment advice. The content and materials presented on this page are provided for educational purposes only.

AI memecoin Raboo soars while Link falls and Pepe drops sharply, highlighting market volatility.

In the current booming cryptocurrency market, Raboo, an AI-powered memecoin, is making headlines with staggering gains. Link briefly touched $15 earlier this week but has now ceded control to the bears.

However, Pepe is experiencing an unexpected drastic decline after a week of green, highlighting the volatility and challenges present in the same market. These patterns play a vital role in influencing investor sentiment and guiding market dynamics as they develop. Read on to find out which of these coins has the most potential to be among the top 20 cryptocurrencies.

LINK declines after hitting $15

After a daily surge, Chainlink (LINK) saw an intraday sideways move in an effort to stabilize. Chainlink’s price gain was halted at the $14.7 resistance due to consolidation, but the creation of a bullish reversal pattern suggests that a breakout could be imminent.

Chainlink cryptocurrency managed to break out of its current corrective trend at $12.2 during the market recovery in July. The multi-month support in place since January 2024 has prevented LINK positions from improving significantly.

Currently, a high accumulation zone is formed by the close alignment of the horizontal level with the EMA 200W and the 38.2% Fibonacci retracement level. The asset rose from $12.2 to $14.4 in a bullish reversal, and the market capitalization increased to $8.75 billion.

However, LIEN is now trading in the red and is currently selling for $12.62Investors remain optimistic that the price will eventually break through the $15 area after it has been tested.

Pepe: Bulls struggle to take control in the long term

Pepe’s price surged on Wednesday, making it one of the best-performing memecoins in the space. It rose 8.2%, reaching a high of $0.00001308, its highest point on June 26.

Pepe’s rally coincided with futures market open interest hitting its highest level since June 7. The majority of the open interest, nearly $155 million, came from Bitget and OKX. The Pepe token is up more than 72% from its lowest point this month, which may be explained by indications that whales, or large holders, have continued to amass the token.

According to Coinmarketcap, the number of Pepe holders has been increasing this month. On Wednesday, they surpassed 264,000, and if the market continues to rise, this trend could continue. On Monday, there was no obvious trigger that pushed Pepe’s price higher.

However, Pepe’s price has seen a major drop, as is currently the case. traded at $0.00001133 after a 7.98% drop in the last 24 hours. This has led to questions about the authenticity of the initial price increase.

Raboo reaches new milestone in pre-sales

Raboo raised over $2 million in its presale, attracted over 10,400 registered users and over 3,000 token holders, among other notable achievements. This exceptional result shows that investors are very interested and confident in Raboo’s innovative strategy.

Raboo’s unique AI-powered meme concept and Post-to-Earn technology, which allows users to generate monetary revenue from their social media posts, sets it apart in the Memecoin market. This feature increases user engagement while providing real-world value.

According to analysts, Raboo has the potential to become a top 20 cryptocurrency with a 233% growth during the pre-sale and 100x growth after launch. Raboo’s community-driven strategy, coupled with its strong engagement tactics and flash sale that offers two-tiered bonuses, has generated a vibrant and engaged user base. Raboo therefore presents a strong investment opportunity, especially given its strategic goal of competing with established memecoins.

Conclusion

Joining the Raboo revolution seems to be the next big thing, especially for meme lovers. The fact that the presale is still open is the best part. Since Stage 4 RABT tokens are selling out quickly, the only way to ensure investors acquire tokens is to buy them early.

Each token costs $0.0048, and in addition to the 233% pre-sale profits, investors could potentially make 100x more profit when the coin launches.

For more information, visit Raboo Presale Site or follow the project on Telegram Or X for the latest updates.

Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should do their own research before taking any action related to the company.



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Top 3 Meme Coins Under $2 To Buy Before It’s Too Late

TokenTalk Staff

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SEC Gearing Up for More Bitcoin ETF Rejections Despite Court Ruling: Berenberg

Meme coins are like comets. They are bright and shiny assets that have the obvious ability to soar and reach unprecedented highs. With the volatility factors in the cryptocurrency market, these coins often surge and then weaken to reach stable lows. Perhaps this is why the appeal of meme coins has always inspired investors to go all out in their ambitions and goals. Taking calculated risks is what the cryptocurrency world is all about. With these factors in mind, here are our three meme coin recommendations that one should hold on to before they skyrocket and become unaffordable for users.

Read also : Cardano: ADA Aims for $1 Upgrade After Chang Hard Fork, Now 33% Complete

Three Meme Coins Under $2 To Keep Before You Lose Them

TREKKING OF THE THREE PIECESImage source: WatcherGuru

Cryptocurrency #1: Shiba Inu

Shiba Inu has always been an exclusive part of the meme coin conversation. The term meme coin was largely popularized by SHIB. That being said, the crypto is a suitable coin to buy under $2 because it is home to a wide variety of experiments that are sure to help its price recover. For instance, new updates on Shibarium, as well as the introduction of the blockchain version of Shiba Eternity Game, are some of the things that users are eagerly waiting for an update on. Furthermore, SHIB’s burning mechanism, which constantly burns tokens to stabilize the price of SHIB, is also helping the token gain momentum.

By CoinpediaSHIB could surge to $0.00006697 by the end of 2024.

“If the price continues to climb above $0.00003682, it could reach the target of $0.00006697 in 2024. However, if the SHIB price reverses, it could undoubtedly drop to $0.000010. Overall, the outlook for SHIB is positive, although there is still a downside risk.”

Cryptocurrency #2: Pepe

Pepe is a frog-themed token on Ethereum. Currently valued at $0.00001186, the token is expected to capitalize on the current Ethereum ETF wave, which could help the token reach new price highs.

Pepe saw a significant price surge in May when the token rode the GME rally to surge 90%. With such promising stats, the token is capable of generating exceptional returns.

According to CoinpediaPepe could reach $0.00000327396 by the end of 2024.

In short, according to our Pepecoin price prediction, the PEPE price in 2024 is expected to be between $0.00000055 and $0.00000327396. And the average price of PEPE is expected to be around $0.0000546198.

Cryptocurrency #3: BONK

The current year’s bull run has greatly helped Solana spawn new meme coins. The chain is currently home to a diverse set of meme coins, all of which have performed well in recent times. BONK, however, has been one such coin that has captured the attention of the industry as a whole.

Read also : Shiba Inu Weekend Price Prediction: Is SHIB Claiming a New ATH?

BONK has seen a spectacular rise in price since its inception, increasing by almost 25,525.57%. This development is indicative of its strength and courage, rekindling hope in the hearts of cryptocurrency investors.

According to CoinpediaBONK could rise to nearly $0.00085 by the end of 2024.

“If the cryptocurrency market continues to grow in 2024, fueled by the expected rise in the cryptocurrency market, BONK can successfully reach a wider audience. Moreover, with the growing community, the price of BONK could potentially reach $0.00085.”

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