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Dogecoin (DOGE) Skyrockets To New 2023 High, Surpassing $0.10 With 20% Weekly Gain

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Dogecoin (DOGE) has surged to a new high in 2023, surpassing the significant $0.10 threshold on Sunday, December 10. This marks a weekly gain of 20%, and indications from on-chain trading metrics suggest that the momentum is poised for further acceleration.

Analysis of the Aggregate Exchange Order Books by IntoTheBlock reveals a bullish outlook for Dogecoin’s price. Data extracted from the trading logs of major crypto exchanges, including Binance, Kraken, and Coinbase, underscores the heightened demand from retail DOGE traders in the spot markets. 

Currently, buy-orders for 745 million DOGE are active at an average price of $0.102, surpassing the 684 million DOGE offered for sale at current prices. This creates an excess demand of 61 million DOGE across prominent crypto exchanges and spot trading platforms.

Dogecoin Dominates Exchange Order Books With Excess Demand Of Nearly 61 Million DOGE

The Exchange Order Books chart, illustrating the distribution of buy/sell orders for a specific cryptocurrency across exchanges, emphasizes that Dogecoin’s market demand significantly outweighs its supply by almost 61 million DOGE. 

This signals a continued attraction of demand despite achieving a new yearly peak, with fewer holders showing interest in selling. The surplus demand implies upward pressure on prices, potentially driving Dogecoin towards the $0.15 mark in the upcoming week.

From an on-chain perspective, the increasing volume of buy orders suggests a potential upward movement for Dogecoin’s price to reach $0.15. However, the bulls need to overcome the initial resistance at approximately $0.11 to validate this prediction. 

The daily time frame, as indicated by the Bollinger Band technical indicator, further supports this bullish outlook. Currently, DOGE faces a challenge at the Upper Bollinger Band of $0.105, and a decisive breakout above this range could propel Dogecoin’s price to a new 2023 peak above $0.15, a level not seen since November 2022.

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Dogecoin (DOGE) Skyrockets To New 2023 High, Surpassing $0.10 With 20% Weekly Gain 2

On the downside, the bears could disrupt this positive price prediction if they manage to initiate a downswing below $0.06. Nevertheless, the support buy-wall around the lower Bollinger band at the $0.07 area is anticipated to present strong resistance in the short term.

Dogecoin Milestone: Over 5M Wallets Hold A Bark-Worthy Balance

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Blockchain analytics firm IntoTheBlock revealed a significant milestone for Dogecoin, as the number of addresses holding the popular cryptocurrency surpassed 5 million. This news comes amidst a notable surge in user activity, showcasing the enduring popularity of DOGE within the crypto community.

As of the latest data, there were an impressive 168,000 active DOGE addresses recorded yesterday, marking the highest level of engagement since March 2022. This surge in activity hints at a renewed interest in Dogecoin, reflecting positively on its market dynamics.

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On November 23rd, analyst Ali reported a noteworthy trend in Dogecoin transactions, specifically those exceeding the $100,000 mark over the past month. This consistent uptick in high-value transactions suggests a growing interest in DOGE from institutional players and cryptocurrency whales. Analysts speculate that these large transactions could indicate a potential price spike for the coin in the near future.

The surge in transaction values aligns with Dogecoin’s broader market momentum, which has seen increased attention from both retail and institutional investors. Initially created as a meme, the cryptocurrency has evolved into a prominent player in the digital asset space.

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Crucial Warning from Prominent Dogecoin Developer

Amidst the positive momentum, one of Dogecoin’s prominent developers and community leaders, known by the moniker “Mishaboar,” took to social media to issue a critical warning. Mishaboar, addressing the growing Dogecoin community, particularly cautioned newcomers against falling victim to scams prevalent on social platforms.

In a post on the X (Twitter), Mishaboar emphasized the importance of safeguarding personal information and warned against sending money to individuals promising special access on Telegram channels. The developer highlighted the increasing prevalence of scams, noting that even accounts with significant crypto followings may be involved in fraudulent activities.

Mishaboar’s warning extended to the belief that having well-known followers does not guarantee legitimacy. In a stark statement, he declared, “Telegram = Hell,” advising the Dogecoin community to exercise caution and remain vigilant against potential scams and fraudulent schemes.

Nevertheless, as Dogecoin continues to experience milestones and increased attention, users are reminded to prioritize security and verify information, especially in the face of rising crypto-related scams across various social media platforms.

Related Reading | Bitcoin Supply in Profit Hits 2-Year High, Investor Behavior Signals Bullish Trends

Dogecoin Price Forecast: Anticipating A Value Of $0.0802 By End Of November 

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Dogecoin (DOGE) has emerged as a standout performer over the weekend, surging toward the $0.079 mark as bullish momentum continues to dominate the market. Meanwhile, other top meme coins like PEPE and Shiba Inu (SHIB) faced challenges. As November draws to a close, analysts are optimistic about the potential for DOGE to experience another leg-up in its value.

DOGE 1D graph coinmarketcap 4
Source: CoinMarketcap

Building upon the weekend’s upward momentum, DOGE enthusiasts are speculating on potential gains in the coming days. Considering the price fluctuations of Dogecoin at the beginning of 2023, crypto experts have formulated a forecast for the potential range of DOGE. The projected minimum and maximum prices stand at $0.0764 and $0.0802, respectively. 

Meanwhile, investors eyeing DOGE for potential returns can anticipate a potential Return on Investment (ROI) of 3%, based on the forecasted price range. This figure serves as an attractive proposition for those looking to capitalize on the current bullish momentum within the cryptocurrency market.

Recent developments have fueled the bullish sentiment around Dogecoin. Analyst Ali recently reported a substantial increase in DOGE transactions exceeding $100,000 over the past month. This surge has been consistent, reaching new highs and sparking speculation about the involvement of institutional players and large investors, commonly referred to as “whales.” The surge in high-value transactions suggests a growing interest in Dogecoin, with investors possibly positioning themselves for a significant price spike. 

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Source: IntoTheBlock

Dogecoin Surges As Coinbase Announces Support for Perpetual Futures Contracts

However, the latest boost in Dogecoin’s value can be linked to a strategic move by Coinbase. The exchange announced its plan to add support for perpetual futures contracts for several cryptocurrencies, including Cardano, Chainlink, Dogecoin, and Stellar, on both the Coinbase International Exchange and Coinbase Advanced.

The addition of perpetual futures contracts is seen as a significant development in the crypto space. It opens up new opportunities for both institutional and retail investors to engage in more sophisticated trading strategies. However, as Dogecoin continues to defy market trends and capture the attention of both retail and institutional investors, the stage is set for an exciting end to November. 

Related Reading | Bitcoin Supply in Profit Hits 2-Year High, Investor Behavior Signals Bullish Trends

Massive Crypto Opportunity Awaits for Dogecoin, Tron, and the 100x Token GameStop Memes

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Binance, the world’s largest cryptocurrency exchange, recently announced that 17 liquidity pools, including the popular meme coin Dogecoin (DOGE), will be delisted from Binance Liquid Swap. This intentional move, intended to reduce slippage and improve transaction pricing, shocked the crypto world. However, Dogecoin’s surprising resilience in the face of delisting prompted some interesting issues regarding its future.

Tron (TRX), on the other hand, announced intriguing news about a planned hardware wallet, while GameStop Memes (GSM) emerged as an attractive prospect in the present crypto market. We’ll look at these three cryptocurrencies, their future, and why GameStop Memes could be a better investment than DOGE and TRX.

Dogecoin’s Resilience Post-Delisting

Many DOGE supporters were taken aback when Binance announced that Dogecoin would be removed from its liquidity pools. What happened next, however, was even more unexpected. Rather than falling in value, Dogecoin has shown extraordinary resiliency. DOGE’s price increased significantly in the days after the announcement. It was trading at $0.05870 on the day of the announcement, but by October 23, it had increased 14.5% to $0.06724.

The question at hand is whether Dogecoin will ever reach the magical $1 level. Even after its delisting, experts in the crypto world remain positive about DOGE’s future. DOGE price predictions for 2024 anticipate that the coin will surpass the $0.1 threshold, hitting an estimated value of $0.14. However, the $1 price objective remains a faraway dream for the time being since there is a new opportunity, GameStop Memes, on the market that will not only outperform DOGE, Wall Street Memes, and others.

Tron’s Hardware Wallet Anticipation

On October 23, 2023, Tron supporters received good news as the Tron team revealed a planned hardware wallet in conjunction with Tangem, a recognised brand in the field of crypto wallets. While specifics are being kept under wraps, the Tron community is quite excited about this breakthrough.

This announcement had an immediate influence on TRX’s price. TRX was trading at $0.09017 on October 23, but when the news surfaced, its price jumped 3.5% to $0.09337 by October 24. The future of Tron is bright, with TRX price projections for 2024 predicting a large increase. Experts predict a 71% increase, with a value of $0.16 projected. However, with the launch of GameStop Memes, this forecast will fade because GME has armed itself with the components required for a viral meme coin.

GameStop Memes’ Arrival In Meme Market

The entire world saw a financial revolution in early 2021 when retail traders banded together to confront Wall Street’s entrenched authority. This trend, fueled by stock gains in GameStop and AMC, signalled a dramatic shift in the financial environment. Now, GameStop Memes is starting up where the Wall Street Memes movement left off, ushering in the next chapter of this amazing narrative.

GameStop Memes is more than just a meme coin; it embodies the enduring spirit of resistance, solidarity, and memes. While other meme coins appeal to the more frivolous side of the internet, GameStop Memes embody a strong, revolutionary attitude. It exemplifies the concept that a strong community can defeat even the most powerful organisations.

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Massive Crypto Opportunity Awaits for Dogecoin, Tron, and the 100x Token GameStop Memes 8

Key Highlights Of GameStop Memes

  • Homage to GameStop: GameStop Memes pays tribute to the GameStop saga, aligning with its core values of resilience and unity.
  • Community-Driven Approach: The GameStop Memes community actively shapes the token’s path, from burning tokens to initiating charity initiatives.
  • Secure and Transparent Operations: Trust is paramount, and GameStop Memes ensures security and transparency through its blockchain.
  • Innovative Tokenomics: Advanced features like auto-liquidity and redistribution sustain the ecosystem.

GameStop Memes represent financial inclusivity, joy, and accessibility. It pays tribute to the GameStop phenomenon and promises to continue its legacy. This distinct strategy distinguishes GameStop Memes from other meme coins, making it an intriguing option for people wishing to participate in the cryptocurrency sector.

The GameStop Memes movement promotes community, rebellion, empowerment, and humour through its financial revolution. It embodies the spirit of the GameStop story and represents an exciting potential in the changing world of cryptocurrency. As of November 2021, GameStop Memes emerged as an appealing investment choice, offering a distinct alternative to the delisted DOGE and the planned TRX hardware wallet.

The Digest

The cryptocurrency market is continuously changing, and chances abound for those looking for the next big thing. While each of Dogecoin, TRON, and GameStop Memes has its own special attraction, GameStop Memes stands out as a promising and distinct choice, carrying the torch of a financial revolution that began with GameStop and continues to inspire a community-driven movement in the crypto realm.

GameStop Memes

Website: https://gamestopmemes.com 

Twitter: https://twitter.com/GameStopMemes 

Telegram: https://t.me/GameStopMemes 

GameStop Memes Rockets Past Dogecoin and Toncoin With 300x Potential in 2024

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In the dynamic realm of cryptocurrencies, where trends shift like the wind, investors avidly follow Crypto News in pursuit of standout opportunities. This in-depth analysis immerses into three distinct digital assets—GameStop Memes (GSM), Dogecoin (DOGE), and Toncoin (TON)—exploring their unparalleled value propositions and long-term potential. Navigating the ever-changing crypto landscape, insight into what differentiates each becomes paramount for savvy investment decisions

GameStop Memes: A Revolutionary Project

GameStop Memes, the next chapter in the saga initiated by Wall Street Memes, distinguishes itself as more than just a token—it’s a movement. Born out of the extraordinary events surrounding GameStop in early 2021, GameStop Memes encapsulates the spirit of defiance, unity, and humor that shook the financial world. It serves as a monument to a time when the collective force of the masses challenged Wall Street’s entrenched might.

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GameStop Memes Rockets Past Dogecoin and Toncoin With 300x Potential in 2024 10

The token’s unique value proposition lies in its commitment to empowering and educating its community. Beyond the playful banter, GameStop Memes seeks to equip every member with the means to navigate the financial realm confidently. This aligns with a broader mission to democratize finance, fostering a community where financial aspirations meet playful banter, making investments more approachable and enjoyable.

Crypto news has been abuzz with GameStop Memes’ recent surge, reflecting a growing interest in its unique approach to blending finance with humor. As we explore the potential of the crypto market in 2024, GameStop Memes emerges as a beacon, offering a compelling investment opportunity that transcends the traditional crypto narrative.

Dogecoin: A Playful Crypto Giant

In the realm of meme-based cryptocurrencies, Dogecoin has been a familiar face, often recognized for its Shiba Inu mascot. Originally created as a lighthearted joke, Dogecoin gained unexpected popularity, reaching a significant market cap. However, its primary utility as a “fun” coin has left some investors questioning its long-term value.

While Dogecoin has enjoyed moments in the spotlight, it lacks the robust narrative and community empowerment initiatives seen with GameStop Memes. Dogecoin’s value proposition, centered around internet memes and playful branding, may appeal to those seeking a casual investment. However, its limited use cases and lack of a clear roadmap for long-term growth raise concerns about its sustainability and potential for significant returns.

Toncoin: The New Surging Star 

Toncoin, the native cryptocurrency of the TON network, has recently captured attention with its remarkable surge and lightning-fast transaction speeds. With a history rooted in the Telegram Open Network, Toncoin faced regulatory challenges but found new life under the TON Foundation. The recent integration of TON Space, a self-custodial digital wallet, on Telegram has expanded Toncoin’s reach and functionality.

Toncoin’s standout feature is its groundbreaking transaction speed, claiming to be the fastest blockchain in the world with a record of 104,715 transactions per second. This achievement positions Toncoin as a formidable player in the crypto space, offering a seamless experience for users within the Telegram ecosystem. Yet, Toncoin’s primary focus on speed and transactions may not resonate as strongly with those seeking a holistic investment aligned with community empowerment, as emphasized by GameStop Memes.

Unveiling the True Contender

As we navigate the diverse landscape of cryptocurrencies, GameStop Memes emerges as a hidden gem, distinct from Dogecoin and Toncoin. While Dogecoin leans on its playful appeal and Toncoin thrives on speed, GameStop Memes intertwines financial empowerment with a resilient and revolutionary spirit. Its commitment to community, education, and defiance against traditional systems positions it as a better investment opportunity.

In the context of the crypto market 2024, where informed choices are paramount, GameStop Memes stands out as a token with substance, blending financial literacy with humor. As investors seek tokens available in presale, GameStop Memes offers a unique narrative, making it a compelling choice for those looking beyond the surface of meme-based cryptocurrencies. In the crypto journey ahead, GameStop Memes carries the torch of the GameStop revolution, promising not just financial gains but a movement that challenges norms and fosters a community-driven approach to investments.

Join GameStop Memes and Redefine Your Crypto Investment Experience:

Website: https://gamestmemes.com/ 

Twitter: https://twitter.com/GameStopMemes 

Telegram: https://t.me/GameStopMemes 

Dogecoin Surges 7% Amidst Flat Crypto Market, Eyes $0.1 with Moon Launch Excitement

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Dogecoin enthusiasts are now celebrating as the meme-inspired cryptocurrency crosses the $0.8 threshold for the first time since July. This surge in value is attributed to the growing excitement within the community regarding the upcoming launch of a physical Dogecoin to the Moon.

As of the latest update, Dogecoin is priced at $0.08254, exhibiting a 7.17% increase in the past 24 hours. The cryptocurrency boasts a 24-hour trading volume of $3.87 billion, a market cap of $11.59 billion, and a market dominance of 0.82%.

DOGE 1D graph coinmarketcap 3
Source: CoinMarketcap

Dogecoin to the Moon in collaboration with space robotics firm Astrobotic Technology. According to a X post on Thursday, Astrobotic aims to transport a physical Dogecoin using the DHL Moonbox aboard United Launch Alliance’s Vulcan Centaur Rocket on December 23.

In a recent tweet, Santiment reported a modest 5% surge in Dogecoin’s value, breaking through the generally flat atmosphere of the crypto market. The surge was supported by a substantial $665 million in onchain transaction volume, marking its highest level in the past three months. Adding to the momentum, a noticeable increase in $DOGE longs suggests that traders are optimistic about future price movements.

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Dogecoin Price Prediction

Amidst the excitement, investors and traders are now speculating whether Dogecoin can rally to hit the $0.1 mark before the week concludes. Dogecoin needs to surpass immediate support/resistance levels to enhance the likelihood of further gains.

A significant bullish indicator is the validated double-bottom pattern, suggesting a potential 38% breakout to the $0.1 target. Typically signaling a trend change, this pattern is often accompanied by increased trading volume, introducing volatility to sustain an uptrend.

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Source: Tradingview.com

The resistance at $0.08, mirroring a previous top in late July, is not surprising to many observers. Anticipating a consolidation phase, analysts expect Dogecoin to make a larger breakout targeting the coveted $0.1 threshold.

Analyzing the Relative Strength Index (RSI), it reveals that bulls are currently in control after a brief period of profit-taking. As long as the RSI continues its upward movement into the overbought region above 70, the path of least resistance for Dogecoin appears to be toward higher valuations.

Traders and enthusiasts alike are now eagerly watching the charts, anticipating the cryptocurrency’s next move as it rides the waves of excitement surrounding the Moon mission and market dynamics.

Related Reading | Dogecoin and Pepe Surge as Market Turns Bullish; Meme Coin Meme Kombat Gains Traction

Dogecoin and Pepe Surge as Market Turns Bullish; Meme Coin Meme Kombat Gains Traction

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In the past 24 hours, meme coins have experienced positive movements, with Dogecoin (DOGE) and Pepe (PEPE) registering significant gains.

DOGE has seen a substantial rise to the $0.078 level, while PEPE has reached $0.00000125, effectively recovering most of the losses incurred over the weekend.

The market, however, isn’t solely dominated by established meme coins. The newly emerging gaming coin, Meme Kombat (MK), is generating attention and has recently surpassed the $1.7 million funding milestone during its presale phase.

Dogecoin’s 13% Rebound

Dogecoin has demonstrated remarkable resilience in the face of bearish momentum, rebounding nearly 13% from its low of $0.069 on Tuesday.

After reaching the $0.082 level and experiencing a 15% drop, DOGE appears to have found support at the 50-day exponential moving average (EMA) in the 4-hour time frame. This support has served as a foundation for the coin to push upward.

A potential near-term target for DOGE is a return to Saturday’s high, representing an additional 4% increase from its current price.

Despite the increase in bullish momentum, spot trading volumes have declined by 6% in the past 24 hours, totaling $626 million. This suggests that the recent price surge might be attributed to a smaller group of traders rather than widespread market participation.

Nevertheless, the clear formation of higher highs and higher lows on the daily chart for DOGE indicates a resumption of the previous uptrend, signaling growing investor confidence.

Pepe Coin Follows DOGE’s Path, Recovers After Steep Decline

Pepe Coin mirrors the trajectory of Dogecoin (DOGE) as it stages a recovery following a sharp drop, reflecting a positive trend in the broader meme coin market.

Like DOGE, PEPE experienced a pullback from Friday to Tuesday, witnessing a decline of over 21% in its value.

However, PEPE’s resilience is evident as it rejected the $0.00000108 level as support on the 4-hour chart, reigniting its bullish momentum. The 4-hour uptrend in PEPE indicates a potential shift in control back to the bulls.

The recent rebounds in DOGE and PEPE appear to lack a clear catalyst, suggesting that market sentiment and technical factors are driving these movements.

The release of better-than-expected US Consumer Price Index (CPI) data may have contributed to a more positive outlook in the broader crypto market, providing a boost to both meme coins.

Bakkt Boosts Portfolio: Litecoin Joins Elite Six, LTC Holds Above $70

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Litecoin (LTC) announced its inclusion in Bakkt’s relaunched enhanced custody platform, Bakkt Custody. Bakkt, a leading trading and custody services provider, revealed plans to expand its footprint by entering nine new international markets by the year-end.

Bakkt Holdings officially disclosed the relaunch of its Bakkt Custody platform on November 15, 2023. The updated platform boasts enhanced capabilities, a redesigned interface, and a flexible architecture facilitating the swift integration of future functionalities. Among the platform’s new features are segregated on-chain wallet addresses, configurable security processes, and advanced reporting options for clients.

Gavin Michael, the CEO of Bakkt, emphasized the critical role of diversified crypto custody in light of recent events. He underscored Bakkt’s commitment to security, highlighting the platform’s adherence to robust security and compliance policies.

Operated under Bakkt Trust Company LLC, an NYDFS Qualified Custodian, the institutional-grade platform is designed with reliable infrastructure, insurance coverage for digital assets, and rigorous security controls tested by independent third parties.

Bakkt also announced the addition of six new tokens to its Custody platform, bringing the total to eight, including Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, Dogecoin, USD Coin, and Shiba Inu. These additions aim to provide clients with increased flexibility between platforms and are set to be integrated in December 2023.

Litecoin’s Market Stability

Meanwhile, Litecoin has been catching the crypto community’s attention as its price remained stable above $73. Despite recent market fluctuations, Litecoin’s value has demonstrated resilience, trading around $73 per coin after a positive month that saw its price rise from $60 to over $75.

Litecoin miners are contributing to this stability by accumulating larger amounts of LTC, reaching the highest reserves since mid-August 2023, as reported by IntoTheBlock. The accumulation hints at a bullish sentiment among miners, suggesting potential readiness for a new bull market in the crypto industry.

While the broader market’s direction remains uncertain, Litecoin’s current stability and miner activity hint at a positive outlook, with historical data indicating the potential for significant price movements in the coming months or years. As the crypto market evolves, Bakkt’s strategic moves and Litecoin’s resilience position both entities for further success in an ever-changing landscape.

Related Reading | Shiba Inu Netflows Surge 1275% as Whales Scoop Up SHIB

Shiba Inu Ecosystem Soars Beyond Meme Origins: Shibarium’s Growing Influence

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Shiba Inu’s ecosystem has rapidly evolved from its origins as a meme-inspired cryptocurrency and now includes its layer-2 blockchain, known as Shibarium. Initially considered a competitor to Dogecoin, Shiba Inu has since become a major player in the crypto world with three key tokens: SHIB, BONE, and LEASH. Additionally, ShibaSwap, a decentralized trading platform, is integral to the Shiba Inu ecosystem.

Lucie, the marketing lead for Shiba Inu, recently took to the social media platform X to shed light on SHIB’s pivotal role within the Shibarium ecosystem. Beyond its initial reputation as a meme token, SHIB has become a governance token, steering decisions, and community initiatives.

Under the governance umbrella, SHIB holders could influence decision-making processes, propose community initiatives, and actively participate in council elections. This commitment to governance aligns with SHIB vision of community-driven development.

SHIB’s utility extends beyond its native ecosystem, finding acceptance as a legitimate payment method with notable companies such as AMC, Gucci, GameStop, and Twitch. This real-world adoption marks a crucial milestone, propelling SHIB beyond its meme origins into a versatile and valuable asset.

Shiba Inu Unleashes Versatility

Lucie detailed additional roles for SHIB within the “Charity Council” and the “Culture and Heritage Council,” further highlighting its multifaceted contributions. The wider Shiba Inu ecosystem remains in active development, marked by intermittent announcements of new projects and innovations.

Looking ahead, Lucie has floated the idea of Robinhood listing the BONE token, showcasing the team’s proactive approach to expanding Shiba Inu’s reach. CoinCodex’s algorithm predicts a potential rise to $0.000009534 by December 11, adding another layer of anticipation to Shiba Inu’s dynamic journey beyond meme fame.

SHIB has secured its position as the second-largest meme crypto, trailing only Dogecoin, with a market cap reaching $5.31 billion. Lucie emphasized the pivotal role of SHIB as the catalyst that paved the way for subsequent innovations like ShibaSwap, Shibarium, and Shi, showcasing its indispensable status in the Shiba Inu ecosystem.

As of the latest 30-day analysis, SHIB has experienced a remarkable 33% gain, contributing to its stronghold in the broader crypto market. Simultaneously, LEASH has seen a commendable 23% surge during the same period. However, BONE, utilized for gas fees on Shibarium, faces a 4% decline due to reduced activity on the layer-2 network, evident in the 9,230 transactions recorded in the past 24 hours, as per Shibariumscan data.

Sell Signal Sparks Shiba Inu, Doge, ADA, & $INJ Concerns: Analyst Predicts Correction

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According to the latest market analysis by renowned analyst Ali, the TD Sequential indicator is currently presenting a sell signal on the daily charts of Shiba Inu (SHIB), Dogecoin (DOGE), Cardano (ADA), and Injective ($INJ). This observation suggests that a correction may be on the horizon before these digital assets resume their upward trajectory.

The TD Sequential indicator is a widely recognized technical analysis tool used to identify potential trend reversals in financial markets, including the cryptocurrency market. It evaluates the price movement and helps traders anticipate potential turning points.

In the case of SHIB, DOGE, ADA, and $INJ, the TD Sequential indicator is indicating a sell signal on their daily price charts. This signal suggests that these cryptocurrencies have experienced a significant price increase and may be due for a correction or consolidation phase.

Shiba Inu (SHIB), a meme-inspired cryptocurrency, has gained significant attention in recent months. Dogecoin (DOGE), another meme coin, has also seen substantial price fluctuations. Cardano (ADA), known for its smart contract capabilities, and Injective ($INJ), a decentralized finance platform, have both witnessed significant price moves as well.

Analyst Ali’s assessment indicates that while these cryptocurrencies have shown strength and resilience in their recent uptrends, a temporary price decline might be in the cards. It could provide opportunities for traders to enter or accumulate positions at more favorable price levels.

Shiba Inu, DOGE, ADA Latest Price Review

In the final stretch of October, the cryptocurrency market is poised for heightened volatility, with a particular focus on the altcoin sector. Swing traders have been closely monitoring this segment over the past two weeks. The recent surge initiated by Bitcoin has triggered a broader recovery in the entire altcoin market.

SHIB 1D graph coinmarketcap 2
Source: CoinMarketcap

As per Coinmarketcap, several altcoins, including SHIB, DOGE, ADA, and $INJ, are exhibiting bullish sentiment in the current market. Shiba Inu (SHIB) is trading at $0.000008, marking a 0.13% increase in the last 24 hours. Over the past week, SHIB has seen a significant gain of 10.57%.

DOGE 1D graph coinmarketcap 1
Source: CoinMarketcap

Dogecoin (DOGE) is trading at $0.069382, showing a 0.61% rise in its daily chart, while its weekly chart reflects a growth of 7.85%. At the same time, Cardano (ADA) is priced at $0.299597 and has experienced a 2.09% increase over the past 24 hours. ADA has also surged by 12.95% in the weekly chart.

Related Reading |  Bitcoin Futures Achieve Record $15.83 Billion Open Interest