2 Key Factors Pushing The Shiba Inu Price To $0.001 In 2024
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Shiba Inu created millionaires in the 2021 with its impressive gains.
Is the same going to happen this year, as the Shiba Inu price is to hit $0.001 soon?
Despite adaptations and efforts, Shiba Inu price hasn’t recovered the way it was supposed to.
Shiba Inu, the second most-demand meme coin, has been wandering around at a low value for years now. However, hope has risen among investors as the analysts talk about Shiba Inu’s price to hit $0.001 this year.
In this blog, let us discuss the key factors pushing the Shiba Inu price to $0.001.
Shiba Inu’s price is limited to $0.00002397 and is 72% away from its all-time high record of $0.00008845 set three years ago.
In 2021, SHIB’s price surged by 45,000,000%, and a minor investment made traders millionaires.

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#EthereumETF #Memecoin #SEC #SHIB #ShibaInu $SHIB $BTC $ETH

PYTH Price Jumps 13% Amid lisUSD Price Feed Upgrade, Here’s All
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Pyth Network's PYTH token surged by 13% following the release of its lisUSD/USD price feed. The decentralized stablecoin lisUSD is now supported on over 55 blockchains, enhancing Pyth Network's market presence and reliability.
HIGHLIGHTS
Pyth Network's PYTH token rose 13% after the introduction of the lisUSD/USD price feed.
LisUSD is a decentralized stablecoin backed by collateral and now available on over 55 blockchains.
The price feed integration boosts PYTH's market value and trading volume, signaling strong investor interest.
The Pyth Network has recently experienced a remarkable price surge, with its native token PYTH soaring by 13% following the launch of its new lisUSD/USD price feed.

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#PYTH #EthereumETF $PYTH #Memecoin #Solana $BTC

BONK Signals Strong Recovery
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Meme coin BONK surged 15% on May 19, capitalizing on the market’s resurgence.
At the time of writing, BONK traded at $0.0000261 with a market cap of $1.66 billion.
Last week, the cryptocurrency market experienced a significant resurgence, with the global market cap increasing by 8%, reaching $2.44 trillion.
This rise represents an over $150 billion gain, bolstered by substantial increases in most leading cryptocurrencies. Bitcoin, in particular, made notable strides, surpassing the $67,600 mark overnight.
Following this overall market upturn, meme coins faced significant attention. Among them, Bonk (BONK) initially showed bearish trends but capitalized on the market revival on May 19, recording a 15.3% daily gain and ending the day at $0.00002598.

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#Memecoin #EthereumETF #BONK #ETHETFS #altcoins $BONK $SHIB

Spot Ethereum ETF Decision Looms as SEC’s Deadline Draws Near
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Spot ETH ETFs can’t trade on exchanges until the SEC approves their 19b-4s and S-1 forms.
After the 19b-4s are approved, the exchange-traded funds may be listed on exchanges.
Since this week is when the decision on the spot Ethereum ETF will be made, let’s take a look at what the week ahead may bring in terms of possible outcomes.
Both the 19b-4s (changes to exchange rules) and the S-1s (registration statements) must be approved before spot Ethereum ETFs may trade on Wall Street.
But they can’t trade on exchanges until the SEC approves their 19b-4s and S-1 forms. The U.S SEC receives proposals for rule changes or new products from national securities exchanges like the NYSE or Nasdaq via filings referred to as Rule 19b-4.

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#EthereumETF #ETHETF #SEC #Bitcoin #Ethereum $ETH $BTC

Trader turns $2.2K of SOL into $2.26M in 8 hours with new memecoin
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The trader made an over 993x gain on their initial investment, spurring insider trading allegations.
A savvy trader turned $2,275 worth of Solana tokens into a profit of $2.26 million in just eight hours.
The memecoin trader’s wallet, known as “  sundayfunday.sol,” made an over 993x gain on their 13 Solana token investment into newly-launched memecoin 1DOL, according to a May 19 post by Lookonchain:
“8 hours ago, He spent 13 $SOL ($2,275) to buy 242M #1DOL, which is currently worth $2.26M!”
Memecoins like Dogwifhat (WIF) and Pepe
PEPE have taken the spotlight since the Bitcoin halving. Despite having no underlying utility, memecoins often reach multibillion-dollar valuations, making millionaires for some investors.

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#Memecoin #SOL #Solana #ETHETFS $SOL $BTC

Grayscale CEO Michael Sonnenshein has resigned after a decade with the company. Peter Mintzberg from Goldman Sachs has been named as his replacement.
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Michael Sonnenshein, who served as CEO of Grayscale Investments for a decade, has stepped down from his position. According to the Wall Street Journal (WSJ), Peter Mintzberg, currently the Global Head of Strategy at Goldman Sachs, will succeed him as the new CEO.

Transition in Leadership at Grayscale Investments
Michael Sonnenshein, whose leadership played a pivotal role in the growth of Grayscale Investments as the largest crypto asset management firm, has stepped down after a decade-long tenure. His efforts were instrumental in navigating regulatory challenges, notably securing approval from the US Securities and Exchange Commission (SEC) to convert Grayscale Bitcoin Trust (GBTC) into a full-fledged spot BTC ETF product, following a successful lawsuit against the SEC.

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Peter Mintzberg, currently serving as Global Head of Strategy at Goldman Sachs, has been appointed as the new CEO, effective from August. According to Barry Silbert, Founder & CEO of DCG (Digital Currency Group), Grayscale’s parent company, Mintzberg’s extensive strategic leadership and global experience position him well for steering Grayscale through its next phase of growth.
While Sonnenshein’s resignation is immediate, Edward McGee, the current Chief Financial Officer (CFO), will oversee operations until Mintzberg assumes the CEO role. Grayscale’s proactive approach in appointing key leaders reflects its commitment to securing visionary leadership capable of driving its strategic objectives forward.
Leadership Changes at Grayscale and Binance Exchange
Following the appointment of Peter Mintzberg as Grayscale Investments’ new CEO, his immediate priorities include maintaining the legacy of Grayscale Bitcoin Trust (GBTC). Despite initial challenges with outflows after the approval of spot Bitcoin ETF products in January, recent trends have shown a reversal with observable inflows into GBTC.

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Grayscale’s resilience was evident during the financial strain caused by the collapse of FTX Exchange, underscoring the importance of maintaining strong financial performance under Mintzberg’s leadership.
Also Read:   Top Crypto Stories This Week: Analysts' Predictions
Meanwhile, Binance Exchange has also undergone significant leadership changes recently, reflecting ongoing strategic adjustments within the cryptocurrency sector.

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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Grayscale #EthereumETF #ETHETFS #notcoin #SEC $BTC $ETH $SOL

The market is showing clear signs of recovery after weeks of declines. Now is a great time to check out these must-buy meme coins to maximize your gains in the coming days. The market cap for meme coins has surged to $43,491,633,623 as demand for meme-based cryptocurrencies has increased over the past few months.
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This rise in demand has led to the launch of new and innovative meme coins with better features and resources for making gains. With investor sentiment shifting towards greed, as reported by the fear and greed index, the value of all cryptocurrencies is being pushed up. Bitcoin is targeting its all-time high, while Ethereum is recovering to $3,000.

Must-Buy Meme Coins for Huge Gains Today
Although the crypto market remains unstable and unpredictable, now is the time to explore these five meme coins with high profit potential before the market reaches its full potential.

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Shiba Inu
Shiba Inu is an excellent meme coin to invest in due to its strong performance over the years. After its impressive bull run in 2021, Shiba Inu is on the right track again, showing significant recovery this year. Currently, Shiba Inu is priced at $0.00002408 after a 2.76% fall in the last 24 hours. Buying Shiba Inu at this low value could yield substantial profits once the market recovers and prices go up.
PEPE
PEPE is a top meme coin for 2024, having surged for months and delivered significant profits to its investors. Recently, PEPE reached an all-time high of $0.00001156 but is currently undergoing a correction. At the moment, PEPE is priced at $0.000009407, aiming for recovery after a recent fall. PEPE is a must-buy meme coin due to its consistent gains since its introduction.

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FLOKI
FLOKI is rapidly increasing in value, boosting demand for this meme coin. Currently, FLOKI Inu’s price has surged 40% in a month, reaching $0.0001975. It is now 45% away from its all-time high of $0.0003437. This dog-themed meme coin is performing well after its 2021 surge, and the recent price drop presents an excellent opportunity for short-term gains.
BONK
BONK is a leading Solana meme coin, seeing increased demand since the beginning of the year. It is currently valued at $0.00002518 after a 7% decline in the last 24 hours, making it an ideal time to buy. BONK has shown strong performance throughout the month, with 67% gains. It has the potential to surge to $0.00004704, similar to its performance in March.

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SLERF
SLERF gained popularity soon after its launch in March but has experienced continuous decline since then. Overall, SLERF’s price has dropped 23% in a month but is now aiming for recovery. Currently trading at $0.3034, SLERF has high potential, having previously risen to a high of $1.37.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Memecoin #EthereumETF #ETHETFS #notcoin #altcoins $BTC $ETH $BNB

DonAlt predicts a significant drop for PEPE, stating that WIF remains bearish unless it surpasses a key price level, and warns that memecoins may lose over 80% of their value.
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The analyst DonAlt, who correctly predicted the major upward breakout in the cryptocurrency market in 2023, has made a bearish prediction for Pepe (PEPE). He also issued a warning about dogwifhat (WIF).

DonAlt’s Bearish Prediction for PEPE
Addressing his followers on the social media platform X, analyst DonAlt suggested that PEPE experienced a fake breakout by reaching an all-time high (ATH) before sellers pushed the price below $0.000009959. In technical analysis, a fake breakout typically indicates a significant drop and suggests that selling pressure is suppressing demand.

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The analyst emphasized that PEPE’s drop below its ATH indicates a fake breakout, maintaining a bearish outlook unless the altcoin surpasses its ATH. According to DonAlt, if the popular altcoin exceeds its ATH, the bearish trend may turn into a bullish one.
DonAlt’s analysis points out that the next critical support level for PEPE is at $0.0000065. He cautions that the price must not fall below this level to avoid strengthening selling pressure.

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DonAlt’s Bearish Outlook on Memecoins
DonAlt also commented on another popular memecoin, dogwifhat’s WIF, stating that it will remain in a bearish trend unless it surpasses a significant price level. He noted that WIF has almost returned to its recent low range and would look better above $2.77 or below $2. Currently, WIF is trading at $2.68.

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The analyst expects significant devaluations for altcoins in the memecoin market based on historical data from previous cycles. DonAlt added that many of today’s highly popular memecoins will lose more than 80% of their value. According to him, new memecoins will emerge, form new communities, and experience significant price increases, but the same devaluation cycle will continue.
DonAlt’s prediction is based on historical patterns observed in the cryptocurrency market. He noted that this scenario has played out multiple times in cryptocurrency history. Although the current memecoin peak has not yet been reached, it will eventually be reached, and even the most reputable memecoins will face a 90% drop in value.

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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#PEPE #WIF #EthereumETF #SEC #Memecoin $PEPE $WIF $BTC

Dogecoin, created in 2013 as a comic story or meme, has evolved from a light-hearted internet joke to a significant player in the cryptocurrency market. With its iconic Shiba Inu dog logo and vibrant community, Dogecoin has captured the attention of investors worldwide.
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Initially meant as a joke on the rising popularity of cryptocurrencies, Dogecoin quickly gained attention and became a real investment option. In this article, we explore Dogecoin’s journey, its basics, why people invest in it, and how it transformed from a meme into a serious digital asset.

Dogecoin: From Joke to Serious Investment
Despite its origins as a joke, Dogecoin quickly gained recognition on social media platforms like Reddit and Twitter. This attention attracted a passionate community of fans known as “Shibes.” The friendly and enthusiastic community played a crucial role in Dogecoin’s rise in popularity.

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Dogecoin soon found practical uses as a tipping platform for online content creators and for charitable causes. Its low transaction fees, fast transaction times, and welcoming community endeared Dogecoin to users. These factors led to its widespread adoption as a digital currency for microtransactions and social tipping.
Dogecoin’s Blockchain and Unique Features
Dogecoin operates on a blockchain technology similar to Bitcoin and Litecoin. It utilizes a proof-of-work (PoW) consensus mechanism to validate transactions and ensure network security. This system involves miners solving complex mathematical problems to add new blocks to the blockchain.

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One significant difference between Dogecoin and Bitcoin lies in their supply models. While Bitcoin has a fixed supply cap of 21 million coins, Dogecoin has no maximum supply limit. Instead, it follows an inflationary issuance schedule, with approximately 5 billion coins added to circulation each year. This approach aims to maintain the long-term viability and sustainability of the Dogecoin network, ensuring there are always rewards for miners and adequate liquidity for users.
The inflationary model of Dogecoin also plays a role in incentivizing miners to continue securing the network. By providing ongoing rewards, Dogecoin encourages participation in mining activities, which strengthens the overall security and reliability of its blockchain.

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Dogecoin’s Community and Cultural Impact
Dogecoin has cultivated a vibrant and enthusiastic community known for its generosity, activism, and strong sense of camaraderie. Supporters of Dogecoin regularly organize fundraisers, charity events, and social initiatives aimed at promoting positive change. This community-driven approach has contributed significantly to Dogecoin’s growth and adoption.
The association of Dogecoin with internet meme culture has played a crucial role in its mainstream appeal, particularly among younger generations. Its whimsical and humorous branding sets Dogecoin apart from other cryptocurrencies, making it more accessible and relatable to a broader audience.

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Despite its volatile price and speculative nature, Dogecoin has attracted investors seeking short-term profits. Its inflationary supply model and perceived lack of intrinsic value have led to significant price fluctuations driven by market speculation, social media trends, and celebrity endorsements.
Dogecoin’s low transaction fees and fast transaction times make it well-suited for microtransactions and online payments. As more merchants and businesses accept Dogecoin as a form of payment, its utility and adoption as a medium of exchange are expected to grow, potentially enhancing its long-term value proposition.
Considerations for Investing in Dogecoin
Volatility and Speculative Nature: Dogecoin is highly volatile and speculative, which means investors can experience significant gains or losses in short periods. Before investing in Dogecoin, potential investors should carefully evaluate their risk tolerance and investment objectives to determine if it aligns with their financial goals.

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Lack of Fundamental Metrics: Unlike traditional investments such as stocks or bonds, Dogecoin lacks fundamental metrics like revenue, profits, or tangible assets that can be used to assess its intrinsic value. Investors should be mindful of Dogecoin’s speculative nature and understand that its price movements may not always be driven by traditional market fundamentals.
Regulatory Uncertainty: The cryptocurrency market, including Dogecoin, is subject to regulatory scrutiny and potential government interventions. Changes in regulations could affect the legal status, adoption, and value of Dogecoin. It’s important for investors to stay informed about regulatory developments and consider the potential risks and implications for their investments in Dogecoin.

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Community Dynamics: Dogecoin’s price movements and adoption are heavily influenced by its community-driven nature and social dynamics. Monitoring community sentiment, social media trends, and overall market sentiment can provide insights into potential impacts on Dogecoin’s price and investment outlook. Investors should factor in these dynamics when making investment decisions related to Dogecoin.
In Summary
Dogecoin’s evolution from a meme to a significant digital asset highlights the influential role of memes and internet culture in shaping the cryptocurrency market. What began as a lighthearted joke has transformed into a major digital currency with a dedicated global following and practical applications. This journey underscores the unpredictable nature of the cryptocurrency market and its dynamic growth.

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Investors assessing Dogecoin’s potential should consider its fundamentals, community dynamics, and market trends. Whether viewed as a speculative investment, a digital collectible, or a social phenomenon, Dogecoin continues to captivate people worldwide, offering a unique intersection of technology, finance, and internet culture.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Doge #Dogecoin #EthereumETFs #ETHETFS #notcoin $DOGE $BTC $SOL

Shiba Inu (SHIB) price chart indicates bullish signs for a potential 50%-60% spike, while Arkham (ARKM), an AI-centric project, also shows bullish trends. Altcoins are signaling bullish movements amid Bitcoin’s sideways action.
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As the crypto market experiences a sideways bullish rally, many altcoins are showing promising patterns that could lead to significant price increases. Analysts have various opinions on which altcoins might surge first, but one prediction stands out for Shiba Inu (SHIB).

Bullish Patterns Point to Potential Surges for SHIB and ARKM
A prominent trader has highlighted the price action of Shiba Inu (SHIB), noting a bullish pennant formation on the daily timeframe. This pattern suggests a possible significant upward movement for the token, often referred to as a meme coin.

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According to the analyst, SHIB could see a price increase of 50%-60% if this pattern plays out as expected.
https://x.com/breakout_expert/status/1792053886054015274?ref_src=twsrc%5Etfw
In addition to SHIB, the analyst also focuses on Arkham (ARKM), a crypto token known for its use of AI in analyzing blockchain and on-chain data. Arkham offers both an analytics platform and an intel exchange, making it a noteworthy project in the crypto space. The analyst’s observations on ARKM indicate potential bullish movements for this token as well.

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https://x.com/breakout_expert/status/1792505577299743076?ref_src=twsrc%5Etfw
Analyst Predicts Bullish Surge for ARKM Amid Steady Price Rise
According to the chart shared by the analyst, Arkham (ARKM) has been experiencing a steady price increase over the past few months. Observing this consistent rise, the analyst provides his insights on the future movement of this AI-based asset.

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He describes the ARKM price chart as truly impressive, noting that the asset is once again responding to a rising trend. The analyst predicts that if this upward movement continues, ARKM could reach $3.25. Currently, ARKM is priced at $2.45 according to CoinMarketCap. It will be intriguing to see how high the price can climb during this bull cycle.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#SHIB #ShibaInu #Memecoins #EthereumETFs #ETHETFS $SHIB $BTC $ETH