A seasoned crypto trader has unveiled his top ten meme coin picks for the upcoming bull run, excluding popular choices like Dogecoin and Shiba Inu. His list features lesser-known meme coins like Dogwifhat, Pepe, and Popcat, with the trader outlining his rationale and target valuations for each.
The Shiba Inu (SHIB) memecoin saw a significant spike in its burn rate, with over 15 million tokens removed from circulation. However, the community remains unconvinced, urging the ecosystem’s leader for faster burn mechanisms. The recent launch of K9 Finance, a liquid staking platform on Shiba Inu’s Layer-2 network Shibarium, is expected to boost transaction volume and accelerate SHIB burns.
The cryptocurrency world was abuzz over the weekend with a flurry of news. From Anthony Scaramucci’s concerns about Donald Trump’s influence on crypto to a lucky GameStop customer’s Bitcoin windfall, and Shiba Inu’s new K9 Finance launch, the crypto space was full of intriguing developments.
This week, news cycles were dominated by a mix of cryptocurrency, political developments, and economic trends. Jamie Dimon’s comments on blockchain technology, Shiba Inu’s upcoming launch, and Kamala Harris’s rising popularity are just a few of the highlights. Dive in to see what major stories are impacting the world.
The Shiba Inu (SHIB) burn rate has surged by over 14,500% in recent days, fueled by several large burn transactions. Despite this, SHIB’s price has remained relatively flat. While the burn rate is a positive indicator, experts caution that market manipulation and lack of adoption continue to affect meme coins like SHIB.
Shiba Inu (SHIB) is experiencing a surge, rallying 10% in the past week. Crypto traders are predicting a continued upward trend, fueled by a potential breakout from a falling wedge pattern. With a rising burn rate and a major upgrade to Shibarium, the meme coin is gaining traction in the market.
Shiba Inu’s recent burn rate surge hasn’t translated into a positive price action. Technical indicators suggest short-term weakness for the popular meme coin, while a recent hack on Indonesian exchange Indodax resulted in the theft of 9 billion SHIB.
Shiba Inu (SHIB) has seen a surge in coin burns, with over 12 million coins removed from circulation in the past 24 hours. This activity comes amid a wave of positive developments for the meme coin, including the launch of ShibDev and the continued growth of Shibarium, its layer-2 scaling solution.
Shiba Inu (SHIB) is experiencing a surge in price as the burn rate spikes, leading to predictions of a significant rally. An analyst cites bullish patterns and a potential 231% recovery to its 2024 highs. The burn rate has increased by 189.4% in the last 24 hours, with over 3.6 million SHIB tokens being incinerated. This surge in activity has attracted attention, with analysts suggesting a possible upward trend for SHIB. However, as with any investment, potential rewards come with inherent risks.
This week in crypto, Popcat, a Cat-themed meme coin, experienced a significant drop, while Shiba Inu and Dogecoin held steady. Bitcoin and Ethereum remained volatile. In other news, Elon Musk made headlines with his plans to make the US the ‘Crypto Capital’ of the world, and Kamala Harris vowed tough border policies in her first major interview as presidential nominee.
