Let’s take a closer look at meme-driven cryptocurrencies and their growing appeal in the crypto market.
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While meme coins may not offer the same utility as flagship cryptocurrencies like Bitcoin, their sheer “meme value” continues to attract investors, resulting in significant market capitalization. In 2024, these ten meme coins stand out for their popularity and market presence.

Exploring Top Memecoins of 2024: A Dive into Meme Madness
1. Dogecoin (DOGE): Born from the iconic Doge meme, Dogecoin’s inception in 2013 brought a lighthearted touch to the crypto world. With quick and affordable transactions, DOGE found its niche in everyday use and small transfers. Its strong community, celebrity endorsements, and inflationary supply model contribute to its stability and popularity.

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2. Shiba Inu (SHIB): Following Dogecoin’s success, Shiba Inu emerged in 2020 as the “Dogecoin Killer.” This Ethereum-based token boasts a large community, smart contract compatibility, and easy accessibility across various DeFi services, making it a popular choice for crypto newcomers.
3. Floki (FLOKI): Named after Elon Musk’s pet, Floki Inu gained rapid recognition by leveraging meme-powered marketing and community engagement. With a focus on meme status, utility, and charitable endeavors, FLOKI stands out amidst the meme coin frenzy, offering unique projects like Valhalla and Floki Places.
4. Pepe (PEPE): Launched as an homage to the iconic Pepe the Frog meme, PEPE stands out with its zero-fee transactions and decentralized marketplace aspirations for trading NFTs and digital memorabilia.

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5. Bonk (BONK): Introduced on the Solana blockchain, Bonk gained traction by capitalizing on Solana’s efficiency and rapid transaction speeds. With decentralized governance and integration into BonkSwap DEX and BonkFi lending solution, BONK offers a unique DeFi experience.
Also Read:   Robinhood Adds Optimism (OP) to Its Platform
6. Smog (SMOG): With a dragon-themed concept, SMOG quickly gained attention for its innovative tokenomics and massive airdrop campaigns. Its multi-chain utility and staking rewards system set it apart in the meme coin landscape.
7. Myrothedog (MYRO): Operating on Solana, MYRO gained popularity for its zero-fee transactions, VIP benefits, and transparent token development, fostering community involvement and trust.

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8. Memecoin (MEME): Anchoring the Memeland ecosystem, MEME operates on a deflationary framework, gradually decreasing token supply with each trade. Its integration with Memeland’s Web3 platform powers the marketplace, NFT system, and governance structure.
9. Dogwhifhat (WIF): Introduced on Solana, WIF gained momentum with its community-focused approach, charity drives, and rapid value appreciation, becoming a prominent meme token in a short time.
10. Brett (BRETT): Paying homage to the “Boy’s Club” comic character, BRETT operates on the Base chain, offering easy acquisition through Solana’s native token, SOL. With a fair token distribution and immutable smart contract, BRETT promotes transparency and community engagement.

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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.
#Bitcoin #Ethereum #Crypto #MemeCoinsSeason #memecoins2024 $WIF $DOGE $BOME

Predictions for the price of the Solana-based token Dogwifthat suggest it may experience a significant surge to reach new record highs, especially as the price of Bitcoin rises ahead of its upcoming halving event.
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As the Bitcoin halving event approaches, meme coins, including Dogwifhat, are closely tracking Bitcoin’s movements. Recently, Dogwifhat saw a significant 15% surge within 24 hours, reclaiming the $4 support level. This surge in price, coupled with an uptick in trading volume and market capitalization, suggests a growing interest in Dogwifhat and other meme coins built on the Solana blockchain.

Dogwifhat Price Prediction: Meme Coin Surge Amid Bitcoin Rally
Investors are increasingly turning their attention to what they perceive as affordable meme coins, particularly the explosive Solana-based token, dogwifhat (WIF). Over the last 24 hours, this dog-themed token experienced a remarkable surge, rising by an impressive 15% to reach $4.14 during US trading hours on Monday.

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Bitcoin’s price recently surpassed the $72,000 mark, following a correction to $65,000 earlier in April. This fresh uptick in Bitcoin’s price comes just ahead of the fourth Bitcoin halving, expected in less than a week. Investors are positioning themselves to capitalize on the positive market momentum, with a particular focus on tokens showing a higher correlation index to Bitcoin, such as meme coins.
Market data from CoinGecko reveals a significant 9% increase in meme coin prices, with dogwifhat leading the surge with a 15% increase. Other related coins also performed well on Monday, including Joe Boden (BODEN), Degen (Base) (DEGEN), Popcat (POPCAT), and The Dog NFT (DOG).
Also Read:   Bitcoin in April: Will the Rally Keep Going?
The trading volume for WIF skyrocketed to $711 million within 24 hours, indicating a growing interest among investors. This surge in trading volume also propelled the market cap of dogwifhat to $4.15 billion, making it the 30th largest cryptocurrency by market capitalization.

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Dogwifhat Price Analysis: Bullish Signals Suggest Potential Breakout
Dogwifhat’s price is currently above the previous day’s open of $3.7588, a signal interpreted as bullish by many traders. This optimistic outlook follows the meme coin’s breakout from a falling wedge pattern, as illustrated on the chart.
Several indicators are supporting the current uptrend, indicating the potential for another breakout targeting the all-time high of $4.8571 this week. For example, the 20-day Exponential Moving Average (EMA) (blue) and the 50-day EMA (red) recently formed a golden cross pattern, further reinforcing dogwifhat’s position for a sustained uptrend.

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Dogwifhat price prediction chart | Tradingview
The Relative Strength Index (RSI) position at 66 strongly supports the favorable price action and suggests that WIF may continue moving upward this week.
Some traders may prefer to see another confirmation of support at $4, highlighted in the grey band, before considering further exposure. Several four-hour candle closes above the $4 support level would maintain WIF’s positive momentum and keep it in the hands of the bulls for the anticipated move to the all-time high.
Entering the price discovery mode could potentially pave the way for a debut above $10, setting unprecedented records for Solana-based meme coins.

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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.

#Bitcoin #Ethereum #Crypto #dogwifhat #WIF🔥🔥 $WIF

Investors have new long opportunities as the crypto market shows signs of renewed recovery, especially with the upcoming Bitcoin halving.
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The potential breakout from the pennant pattern could unleash buying momentum in Floki coin, while the double bottom pattern signals a BONK price rally towards $0.0000378. Additionally, the higher low formation in the daily chart suggests a continued bullish trend for WIF.

Cryptocurrency Market Shows Signs of Renewed Recovery
Following a month-long consolidation, the cryptocurrency market is experiencing a resurgence in the second week of April. The rally in Bitcoin price, surging above $70,000, is driving this renewed buying activity, lifting many major coins as they reclaim lost ground.
Wu Blockchain’s recent tweet highlights a significant bullish sentiment among market participants as Bitcoin surpasses $72,000 and Ethereum breaks above $3,600. Despite experiencing $148 million in liquidations over the last 24 hours, primarily from short positions totaling $103 million, the market sentiment remains positive.

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Binance shows that BTC has broken through $72,000 and ETH has broken through $3,600. In the past 24h, the entire network has experienced a liquidation of $148 million, of which short positions have been liquidated at $103 million.— Wu Blockchain (@WuBlockchain) April 8, 2024

In contrast, meme coins are witnessing higher momentum, evident from long bullish candles in top assets such as Dogecoin (DOGE), Shiba Inu (SHIB), Pepe Coin (PEPE), and Bonk. With Bitcoin halving approaching, these altcoins are expected to face further buying pressure, potentially leading to an extended rally.
Also Read:   SushiSwap's Innovative Step: Introducing a New Concept in Sushi Labs
Floki: Moving Beyond Meme Status
Floki, a cryptocurrency project named after Elon Musk’s dog, is part of the meme coin trend but seeks to establish itself by offering real-world utility. It distinguishes itself by building an ecosystem that includes an NFT marketplace, merchandise store, and educational platform called Floki University.

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Floki Price Chart| Tradingview
In the past month, Floki’s price has traded sideways, aligning with two converging trendlines of bullish pennant patterns. However, amidst a recent relief rally in the market, the coin’s price bounced off the lower trendline at $0.000184 and surged by 18% to reach $0.000217.
This surge propelled Floki’s market capitalization to $2.08 billion, with a 24-hour trading volume of $16.9 billion. Nevertheless, to regain control, buyers need to surpass the overhead trendline. A breakout beyond this line could trigger a rally, potentially driving Floki’s price to the $0.00038 mark.
BONK: A Community-Focused Memecoin
BONK, a Solana-based memecoin, has garnered attention for its significant value increase and its commitment to being a community-driven project. Unlike some meme coins criticized for their association with venture capitalists or unclear tokenomics, BONK positions itself as a democratic and community-centric alternative.

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Bonk| Tradingview
During the last correction trend, BONK found solid support at the $0.0000212 level, evidenced by two noticeable bounce-backs within three weeks. The recent market upswing further strengthened this trend, driving the memecoin up by 14.4% to reach $0.000024.
Currently, BONK boasts a market capitalization of $1.57 billion, with a 24-hour trading volume of $123 million. A closer look at the daily chart reveals the recent reversal as the formation of a double bottom pattern.

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With this pattern in play, BONK’s price could potentially target $0.0000378, reflecting continued bullish sentiment and market momentum.
Dogwifhat (WIF): Riding the Meme Trend
Dogwifhat (WIF) is a memecoin that has capitalized on the growing popularity of the Solana blockchain’s meme trend. Known for its quirky mascot, a Shiba Inu dog donning a hat, reminiscent of the widely popular doge meme, WIF has garnered attention in the crypto community.

Dogwifhat (WIF)| Tradingview
Over the past three days, WIF has experienced a notable surge in price, climbing from $3.18 to $4.17, marking a remarkable 30% rally. With a market capitalization of $4.7 billion, the Dogwifhat coin has solidified its position among the top 30 largest cryptocurrencies.

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Presently, WIF faces a key resistance level at $4.16, with intraday gains of 10% challenging this barrier. If buyers sustain their momentum, the Dogwifhat price may break through this resistance, paving the way for further recovery. With continued buying pressure, WIF could potentially target $4.8 in the near term.
In Summary
With the Bitcoin halving event approaching in less than two weeks, there’s a surge in buying activity in the cryptocurrency market. Many see this as a chance for Bitcoin to become scarcer, possibly triggering a market-wide recovery. Memes-related cryptocurrencies are leading this upward trend, indicating a favorable time for employing breakout strategies.

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.

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#Bitcoin #Ethereum #Crypto #MemeCoinsToTheMoon #MemeCoinsSeason $BTC $ETH $BNB

The Tensor Foundation, responsible for creating the Solana NFT marketplace Tensor, has released its governance token named TNSR.
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The Tensor Foundation, which manages the Solana NFT marketplace Tensor, has introduced its governance token TNSR. TNSR offers various benefits, including fee discounts on Tensor, the ability to propose governance changes, and compensation for independent security evaluations.

Tensor Foundation Launches TNSR Token
The Tensor Foundation has initiated community governance by introducing its governance token TNSR. Through TNSR, holders gain control over Tensor’s parameters and enjoy fee discounts when using TNSR for transactions on the Tensor platform. Specifically, listings created using TNSR will benefit from a 25% reduction in protocol fees. Users have until October 5, 2024, to claim their tokens.

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TNSR boasts a total token supply of 1 billion. The initial airdrop accounts for 12.5% of the token supply, with 55% or 550,000,000 TNSR allocated for the community. Core contributors will receive 27% of the total supply, while the remaining 18% is divided between future fundraising activities, investors, and advisors.
Tensor has hinted at the launch of its token approximately a month earlier, providing limited information at the time. The token is designed to be utilized across various Tensor protocols, including the Tensor NFT marketplace, Tensor automated market maker, Tensor escrow, and other platforms within the ecosystem.
Tensor Foundation Empowers Community Governance with TNSR Token
Governance token ownership is pivotal in how users engage with Tensor governance proposals on Realms, a Solana-based platform facilitating DAO management for organizations.

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To submit a proposal for community input, users must engage in discussions on the forum and address all queries and concerns before presenting it for voting on Realms. The ability to submit proposals is contingent on holding a sufficient quantity of delegated tokens.
Voting weight corresponds to the TNSR balance in a wallet. Token holders must deposit their tokens into Realms or receive delegated tokens to participate in voting.
Creating a proposal requires ownership of 250,000 TNSR, and proposals must garner 10 million tokens to pass.
Apart from facilitating proposals, TNSR also enables payments for security reviews conducted by seven third-party Solana developers. Each security council member receives $1,000 worth of TNSR monthly for their contributions.
Tensor, functioning as an NFT marketplace striving to become the “Blur of Solana,” prioritizes professional traders. On April 5, Tensor recorded a daily trading volume of $2.08 million.

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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.

#Bitcoin #Ethereum #Crypto #Tensor #TNSR $TNSR

Over the past day, Ethereum has seen a big jump, making traders optimistic about its future. They believe it could go even higher than $4,000.
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Ethereum (ETH) is off to a strong start this week as cryptocurrencies bounce back after a rough patch. Over the past day, Ethereum has risen by 6.83%, bringing its weekly gains to 4% following a small dip in the market.

Cryptocurrency Market Rebounds, Altcoins Lead Surge
Today, the cryptocurrency market is witnessing a rebound, with leading altcoins taking the forefront. Bitcoin, the pioneer cryptocurrency, has surged by 2.89%, reaching a trading price of $71,625. This uptick in Bitcoin’s value has sparked excitement among traders, hinting at potential further investments as attention shifts slightly towards altcoins.
Among the standout performers, Toncoin (TON) and Ripple (XRP) have demonstrated significant gains, with Toncoin soaring by 9.4% and Ripple by 2.9% respectively. These increases contribute to pushing the overall market capitalization beyond $2.6 trillion, marking a 2% rise for the day.

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Notably, the resurgence is not limited to major cryptocurrencies alone. Decentralized finance (DeFi) protocols and meme coins are also experiencing a surge in interest and investment, reflecting a broader trend of increasing inflows and positive sentiment observed over the past day.
Ethereum’s Institutional Interest Sparks Price Surge Predictions
Ethereum has been attracting institutional funds throughout this year, indicating a growing interest in the cryptocurrency market. Although it surpassed $4,000 in price last month, it later dipped below $3,500. Presently, Ethereum is trading at $3,653, showing resilience above resistance levels, with bullish investors expecting further price movements upwards.
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The recent approval of spot Bitcoin ETFs has driven Bitcoin’s price to new heights, introducing a fresh avenue for investment. Institutional investors are now eagerly awaiting the approval of spot Ethereum ETFs in the United States. Market participants view this development as a bullish catalyst that could propel Ethereum’s price to unprecedented levels.
Also Read:   Is Dogecoin Expected to Break $0.25 in April?

Social media discussions among crypto enthusiasts currently center around the $4,000 mark, with many predicting a potential rebound if a bull run kicks off in the market. Despite experiencing outflows totaling $22 million this week, Ethereum has seen significant institutional inflows, amounting to $52 million this year. This influx of institutional capital has contributed to Ethereum accumulating a total of $14 billion in assets under management (AUM).

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Further US$646m inflows into Bitcoin ETFs, but signs of hype moderatinghttps://t.co/gZEvJgr90T— James Butterfill (@jbutterfill) April 8, 2024

Bullish Sentiment Fuels Activity in Perpetual Market: CryptoQuant Report
A recent report from CryptoQuant highlights a surge in funding rate metrics and Open Interest, indicating a rise in bullish sentiment within the Perpetual Market.
According to on-chain analysis, there has been a notable increase in these metrics coinciding with the upward momentum in prices. This suggests that market participants are aggressively entering long positions.
Moreover, the uptrend in Open Interest further emphasizes the heightened activity, pointing towards an overall fervent state within the futures market.

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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.

#Bitcoin #Ethereum #Crypto #Ethereum #ETH $ETH

Shiba Inu’s price is showing strong growth despite the ups and downs in the market, suggesting a bullish trend and catching the interest of investors.
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Shiba Inu’s price has surged notably in the past day, breaking through the resistance level of $0.000028. This indicates a strong bullish trend for the meme-based coin, despite the unpredictable nature of the market.

Shiba Inu Market Update: Fluctuations and Trader Interest
In the recent hours, Shiba Inu’s market value has shown significant fluctuations. Starting with a dip to $0.0000274, the cryptocurrency swiftly rose to $0.0000294 before slightly correcting to settle at $0.00002855.

Despite the volatility, trading volume surged by 31.59%, reaching an impressive $752.92 million over the last 24 hours. However, the market capitalization experienced a slight decline of 0.68%, maintaining Shiba Inu’s position at 12th in market rankings with approximately $16.82 billion.

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Shiba Inu’s circulating supply remains vast at 589.29 trillion coins, closely matched by its total supply. Investors and enthusiasts of this meme-based cryptocurrency are closely monitoring these rapid changes, reflecting the dynamic and unpredictable nature of the cryptocurrency market.
Over the past week, SHIB’s value increased slightly, with trading ranging between $0.000028 and $0.000025. However, the coin witnessed a downtrend of 19% over the past month after a market pullback from $0.000035. Despite this, the recent surge suggests a potential reversal from the bearish trend, hinting at a more bullish outlook in the near future.

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Shiba Inu Coin Listing on Nexo and Price Analysis
Shiba Inu Coin has achieved a significant milestone with its listing on Nexo, a leading international cryptocurrency exchange. This addition brings a range of new features for Nexo users to manage their SHIB assets conveniently.
Also Read:   14 Meme Coins: Shiba Inu; Dogecoin and More with 50x Potential
Investors now have the option to purchase SHIB directly using their debit or credit cards, simplifying the buying process without the need for complex transfer procedures. Additionally, Nexo introduces a unique opportunity for leveraging SHIB as collateral to borrow various cryptocurrencies, offering enhanced financial flexibility to users.
Currently, Shiba Inu Coin faces a crucial resistance level at $0.000029. A breakthrough above this level could propel its value towards $0.00005, potentially marking a significant milestone towards reaching the elusive $0.001 mark.

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Conversely, a decline could see SHIB retreat to a support level around $0.000025. In a more pessimistic scenario, negative market sentiment might drive SHIB’s price down to $0.00002 or even below $0.000009, indicating a challenging period ahead.

Shiba Inu Coin Price Prediction| Source: Tradingview
Daily technical analysis provides an optimistic outlook for SHIB. The Relative Strength Index (RSI) currently stands at a neutral 53, nearing the overbought zone. Meanwhile, the Average Directional Index (ADX) records 23.54, highlighting the strength of the current trend.

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.

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#Bitcoin #Ethereum #Crypto #Shibainu #BullorBear $SHIB

Investors have the chance to buy meme coins like Shiba Inu (SHIB), Pepe Coin (PEPE), and Dogwifhat (WIF), which offer similar rallying potential alongside Bitcoin.
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As the Bitcoin halving approaches at block height 840,000, investors are eager to align themselves with cryptocurrencies that have a history of rallying alongside BTC. Dogwifhat emerges as the leading choice, boasting the title of the most profitable dog-themed meme coin to invest in.

Crypto Market Surges as Bitcoin Approaches $72,000
The cryptocurrency market witnessed a substantial surge on Monday, pushing its total value to $2.8 trillion, mainly propelled by Bitcoin’s resurgence above $72,000. Alongside Bitcoin’s price increase, prominent altcoins such as Shiba Inu (SHIB), Pepe Coin (PEPE), and Dogwifhat (WIF) maintained their upward trends, indicating potential growth opportunities for the week ahead and throughout April.
Bitcoin Halving Countdown: Nine Days Left: The impending Bitcoin halving, expected at block height 840,000, is just around the corner, with the current network standing at block height 838,332.

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Following the halving, mining rewards for Bitcoin will reduce from 6.25 to 3.15, significantly reducing the supply in the coming months and potentially igniting an exponential rally in both Bitcoin and the broader crypto market.
Altcoins Riding the Momentum: While the halving primarily impacts Bitcoin, historical trends suggest that altcoins like Shiba Inu can capitalize on the positive momentum, experiencing notable increases in value. This article explores three top altcoins poised for growth ahead of the halving, aiming to help investors maximize profits and potentially turn $10,000 portfolios into $100,000 by the end of April.
Also Read:   Bitcoin Approaches $70K; Leading the Way for TON- STX- MNT- MKR
Bitcoin Price Surges Past $72,000 Ahead of Fourth Halving
Bitcoin’s price has once again surpassed the $72,000 mark after experiencing a correction down to $65,000 at the beginning of April. This fresh uptick in price comes just ahead of the anticipated fourth Bitcoin halving, expected to occur in less than a week.

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Similar to previous halving events, investors are strategically positioning themselves to capitalize on the positive momentum in the market. Attention is particularly focused on tokens with a higher correlation index to Bitcoin price, such as meme coins.
Market data from CoinGecko indicates a notable 9% surge in meme coin prices, with dogwifhat leading the pack with a 15% surge. Other related coins showing strong performance on Monday include Joe Boden (BODEN), Degen (Base) (DEGEN), Popcat (POPCAT), and The Dog NFT (DOG).
1. Dogwifhat’s Impressive Performance
Dogwifhat’s trading volume skyrocketed to $711 million in just 24 hours, reflecting a growing interest among investors. This surge in trading activity propelled the market cap to $4.15 billion, positioning dogwifhat as the 30th biggest cryptocurrency.

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Some traders may prefer to wait for another confirmation of support around $4 before increasing their exposure. Maintaining several four-hour candle closes above the $4 support level would likely keep dogwifhat buoyant and in the hands of bullish investors, paving the way for the next anticipated move to the all-time high (ATH). Additionally, entering price discovery mode could potentially clear the path for a debut above $10, setting unprecedented records for Solana-based meme coins.

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2. Shiba Inu’s Market Fluctuations and Outlook
In the recent hours, Shiba Inu has experienced significant fluctuations in its market value. Starting with a dip to $0.0000274, the cryptocurrency swiftly rose to $0.0000294 before slightly correcting, settling at $0.00002855.

Despite the volatility, trading volume surged by 31.59%, indicating heightened trader interest totaling an impressive $752.92 million in trades over the last 24 hours.
Shiba Inu’s market capitalization experienced a slight decline of 0.68%, bringing it to approximately $16.82 billion, maintaining its position at 12th in market rankings. The circulating supply of SHIB remains vast at 589.29 trillion coins, closely matched by its total supply.
Investors and enthusiasts of the meme-based cryptocurrency are closely monitoring these rapid changes, reflecting the dynamic and often unpredictable nature of the cryptocurrency market.

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Shiba Inu Coin faces a crucial resistance point at $0.000029. A breakthrough above this level could potentially propel its value towards $0.00005, paving the way for an ascent to the elusive $0.001 mark.
3. Pepe Coin Price Analysis: Bullish Pennant Pattern Emerges
For over a month, the price of Pepe coin has been trading sideways, aligning with the two converging trendlines characteristic of a bullish pennant pattern. Additionally, the continuation setup formed above the 50% retracement level signifies a healthy retracement, enabling buyers to regain control over the asset.
On April 5th, Pepe coin witnessed its latest reversal from the pattern’s support trendline, surging by 20% to reach the $0.0000076 mark. If the broader market maintains its bullish momentum, buyers may propel the price up by another 8%, aiming to hit the overhead trendline at $0.0000082.
Also Read:   Solana Triangle Breakout: $SOL Targets $240

Pepe weekly chart | CoinGecko
Conversely, should the coin price break below the lower support trendline, it could intensify supply pressure and prolong the current correction. In such a scenario, Pepe coin might decline to the $0.00000313 mark.

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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.

#Bitcoin #Ethereum #Crypto #BullorBear #MemeCoinsSeason $BTC $ETH $BNB

The price of Polygon (MATIC) is expected to rise significantly due to a bullish breakout from a falling wedge pattern, coupled with a healthy retracement. This sets the stage for a strong rally in MATIC’s price.
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On Monday, Polygon’s cryptocurrency, MATIC, surged as the overall market improved. With Bitcoin surpassing $70,000, MATIC quickly recovered, allowing buyers to regain lost ground. As a result, Polygon’s price surged by 7%, breaking through the key resistance level from the previous correction trend after rebounding from a 50% retracement level.

Polygon Price Correction and Potential Bullish Outlook
The recent correction trend in Polygon’s price can be observed through a falling wedge pattern on the 4-hour chart. This pattern’s resistance trendline led to a significant decline from the $1.29 high to $0.86, representing a 32.8% loss in value.
However, this correction reached a 50% retracement according to the Fibonacci tool, bringing the price back to $0.947. Amidst the broader market recovery, this price increase breached the resistance trendline of the wedge pattern, signaling the potential end of the correction.

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Renowned Trader’s Analysis and Bullish Indicators
In his latest analysis, well-known trader Alichart has highlighted Polygon’s MATIC, pointing towards a potentially bullish future. A key indicator he considers is the 30-day Market Value to Realized Value (MVRV) ratio.
The 30-day MVRV shows $MATIC  is in the buy zone! Historically, the last two entries into this zone saw #MATIC surge by 112% and 87%. This is a pattern in #Polygon trend worth watching! pic.twitter.com/tICtvdLZ0d— Ali (@ali_charts) April 7, 2024

Polygon Price Analysis and Technical Indicators
Currently, the MVRV ratio sits below 1, historically suggesting that the asset might be undervalued and potentially in a buy zone. This observation holds significance as past instances of similar MVRV levels have been followed by impressive price upticks for MATIC—once by 112% and another by 87%.

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Should the Polygon price maintain its breakout momentum, buyers could potentially drive a rally towards $1.08, followed by $1.30.
Also Read:   Cardano Price Potential: Repeating 2021 Surge
Technical Indicators
The uptick in the upper boundary of the Bollinger Band indicator indicates actively bullish momentum on an intraday basis. Additionally, a bullish upswing in both the MACD (blue) and signal (blue) lines suggests a shift in market sentiment towards bullishness. This indicates that market participants are increasingly adopting a positive outlook.

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.

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#Bitcoin #Ethereum #Crypto #Polygon #Matic $MATIC

Cryptocurrencies, led by Bitcoin’s surge past $71,000, are experiencing overall growth. Nonetheless, Dogecoin, the leading meme coin, indicates potential decline, with projections of a 40% loss. In light of these shifts, what are the current forecasts for Dogecoin?
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Cryptocurrencies are generally trending positively, with Bitcoin once again exceeding the expected $71,000 mark. However, there are concerns regarding the market’s leading meme coin, which indicates a possible downturn, with prices potentially decreasing by approximately 40%. Amidst this scenario, what are the current predictions for Dogecoin?

Dogecoin Outlook Amidst Market Uncertainty
The oldest and largest meme coin by market value, DOGE, showed promising performance but struggled to surpass the $0.23 mark, facing losses alongside Bitcoin’s price fluctuations. Additionally, upcoming US inflation data expected on Wednesday adds to market uncertainty.
Over the past two months, the Federal Reserve hasn’t prioritized data seriously, but if inflation persists, there’s potential reconsideration for a 75 basis point annual reduction. The current cautiousness in the market is somewhat linked to the optimism bubble surrounding interest rates.

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Despite signs of an uptrend in Dogecoin’s price on the 8-hour chart, a closer examination reveals an increasing risk of decline. Extended candlesticks are forming a bearish pattern. Furthermore, Dogecoin investors’ 30-day profit rate sits at 9.2%, historically triggering price corrections when the 30-day MVRV ratio ranges between 8% and 18%, potentially making bulls hesitant to maintain support levels.
Assessing Dogecoin’s Potential Amidst Market Volatility
Another critical aspect to consider is the percentage of investor profitability, which currently stands around 90%. Historically, when this figure approaches 95%, it often precedes price declines. At the time of writing, Dogecoin is priced at $0.206, showing a modest increase of 1.7% for the day.

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Dogecoin’s price is currently confined within a falling wedge pattern, typically indicating a downward trajectory. According to this pattern, the target for Dogecoin’s price could be approximately 40% below the current level, around the $0.127 area. However, if bulls successfully break through the resistance of this formation and close above it, bearish predictions might be invalidated, potentially leading to a surge above $0.22.
Also Read:   Cardano Price Potential: Repeating 2021 Surge
In an optimistic scenario, Dogecoin’s price could aim for levels around $0.24 and $0.27. Nevertheless, it’s essential to acknowledge the unpredictability of cryptocurrencies, reminding investors to exercise caution. At the time of writing, Bitcoin is priced at $71,664.

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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.

#Bitcoin #Ethereum #Crypto #Dogecoin #Doge $DOGE $BTC

Bitcoin (BTC) has surged above $70,000, showing strong bullish momentum. This move signals Bitcoin’s resilience and suggests the possibility of more gains ahead.
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Following a period of consolidation above $65,000, Bitcoin’s breakthrough could pave the way for targets at $73,000 and $75,000.

Factors Driving Bitcoin’s Bullish Trajectory
Several factors are contributing to Bitcoin’s current bullish price trajectory. Firstly, BTC is trading comfortably above the 100-hour Simple Moving Average (SMA), indicating strong positive momentum. Additionally, the 50-day SMA is nearing a crossover above the 200-day SMA, forming a “Golden Cross,” a technical pattern often interpreted as a bullish signal.

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Trendline Support: The hourly chart reveals a robust bullish trendline near $67,500, serving as immediate support for Bitcoin’s price.
Fibonacci Retracement: Following a temporary pullback, Bitcoin’s price has approached the 23.6% Fibonacci retracement level. This retracement level presents a potential buying opportunity for traders and investors.
Positive Market Sentiment: Renewed interest from institutional investors and favorable regulatory news are contributing to positive market sentiment. These factors are bolstering confidence in the market and fueling Bitcoin’s upward trajectory.

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BTC Price Analysis: Upside and Downside Potential
Upside Potential: If Bitcoin (BTC) manages to break clearly above $71,200, it could continue its upward momentum, targeting key resistance levels at $73,500 and potentially $75,000. Surpassing these levels may pave the way for retesting all-time highs, indicating further bullish sentiment in the market.
Downside Potential: Conversely, if BTC struggles to maintain its momentum and falls below $70,000, it may find support at $69,000 and then at $67,800, which represents trendline support. Further downside pressure could lead to short-term declines toward $66,800 and $65,500. However, the likelihood of a major correction is reduced if Bitcoin remains above the 50-day Simple Moving Average (SMA), suggesting ongoing strength in the market.

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In Summary
Bitcoin’s recent surge above $70,000 confirms its bullish trend and indicates the possibility of more gains ahead. Despite ongoing volatility, the overall sentiment leans towards further price increases. To make informed trading decisions, investors should keep an eye on critical resistance levels, technical indicators, and relevant market news.

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.

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#Bitcoin #Ethereum #Crypto #BTC #ETH $BTC $BNB $ETH