Shiba Budz (BUDZ) has emerged as a formidable player in the meme coin arena, presenting an opportunity for investors to potentially double their returns.
This phenomenon transcends mere financial benefits, symbolizing the impact of strategic investment decisions, market dynamics, and the distinct charm of Shiba Budz.
It has quickly become a sought-after asset for those aiming to diversify their crypto holdings, thereby enriching the meme coin landscape.
The migration of investors from Pepecoin (PEPE) to Shiba Budz (BUDZ) is far from accidental. It’s the outcome of deliberate strategic investment choices.
These investors, by closely monitoring market trends and recognizing Shiba Budz’s potential to innovate within the meme coin sector, have seized an opportunity to diversify their portfolio and possibly double their investments.
The essence of their strategy lies in identifying and acting upon the early indicators of Shiba Budz’s rise.
Shiba Budz distinguishes itself and lures Pepecoin (PEPE) investors through its comprehensive approach to the meme coin market.
Shiba Budz extends beyond the conventional meme coin strategy by not solely depending on social media trends.
Its unique proposition includes the development of the TreeHouse Gaming platform, aiming to decentralize meme gaming and introduce cross-chain functionality.
This reflects Shiba Budz’s dedication to offering genuine utility and value, positioning it as an appealing choice for those aiming to enhance their Pepecoin (PEPE) investments.
The surge in Pepecoin (PEPE) investors flocking to Shiba Budz (BUDZ) is indicative of a larger trend within the meme coin sector, suggesting an investor preference for innovation, utility, and strategic positioning.
As the community begins to acknowledge Shiba Budz’s potential for yielding significant returns, a shift in investment from traditional meme coins to new contenders that promise fun, engagement, and financial prosperity is likely.
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This migration of Pepecoin (PEPE) investors towards doubling their profits with Shiba Budz (BUDZ) marks a pivotal moment in meme coin investment history.
It highlights the evolving crypto investment landscape, where the pursuit of rapid gains is coupled with a search for assets offering lasting growth and practicality.
Shiba Budz embodies this new wave of meme coins, captivating investors with its blend of entertainment, community involvement, and viable financial opportunities.
The growing popularity of Shiba Budz among various crypto investors, especially those previously focused on Pepecoin (PEPE), signals the market’s readiness to support meme coins with substantive value.
For Pepecoin investors, transitioning to Shiba Budz represents not only a chance to amplify their profits but also to participate in a broader cryptocurrency revolution.
The ascent of Shiba Budz heralds a shift towards investments that marry humor, community spirit, and tangible utility, reshaping perceptions of the meme coin market.
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Shiba Inu (SHIB) enthusiasts are at a critical moment, closely monitoring the cryptocurrency as it challenges a major resistance level.
Crypto analyst Rekt Capital has highlighted the importance of this juncture, noting that SHIB is currently in a phase of consolidation just below a key resistance point, a hurdle that needs to be overcome for SHIB to continue its upward journey.
Central to Rekt Capital’s analysis is the resistance level at 0.0000332, marked by a blue line on the charts.
This level has posed a significant challenge to SHIB’s upward momentum, leading to a sideways trading pattern. Currently, SHIB’s price is at 0.0000327, inching closer to breaking through this crucial resistance.
For SHIB to unlock its bullish potential, it must break through the 0.0000332 level decisively, turning it into solid support.
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Achieving this would open the door for SHIB to target the next resistance level at 0.0000473, marked by a black line on the charts.
The implications of breaking through the 0.0000332 level are significant. A successful breach could lead to a price increase of over 40% from its current position.
However, failing to surpass this resistance could result in extended consolidation or a potential pullback for SHIB.
The concept of support and resistance levels is dynamic, changing with market conditions and investor sentiment.
Yet, Rekt Capital’s analysis emphasizes the critical importance of the 0.0000332 level in determining SHIB’s short-term direction.
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The cryptocurrency market recently witnessed an unprecedented surge, with a remarkable inflow of $80 billion, primarily propelled by the significant performances of Shiba Inu (SHIB) and Dogecoin (DOGE).
Last week, SHIB’s trading volume reached an astonishing $31 billion, surpassing DOGE, which also had a notable volume of $23 billion.
This marked a pivotal moment in the market, indicating a shift towards SHIB’s increasing popularity over the traditionally dominant DOGE.
Shiba Inu’s journey from being an underdog to a market leader is nothing short of dramatic. Its chart showcases a sharp uptrend, demonstrating a rapid increase in value.
This growth is attributed to a mix of investor excitement and favorable market dynamics.
A key bullish signal is the moving averages positioning below the candlesticks, suggesting a strong foundation for further price hikes.
Despite a minor pullback, which analysts see as a potential market correction, SHIB remains well above essential moving averages.
The high trading volume emphasizes strong buyer interest, hinting at continued momentum.
On the other hand, Dogecoin’s narrative is one of stability and optimism. Its price stability above moving averages reflects enduring investor confidence.
The recent consolidation pattern hints at an accumulation phase, potentially setting the stage for future gains, especially if interest in meme coins persists.
The moving averages beneath the price action denote a steady upward trend, though DOGE’s volume has been less volatile compared to SHIB.
This might make DOGE an attractive option for those seeking a more stable investment in the meme coin sector.
Both SHIB and DOGE have showcased remarkable trends, influencing the broader cryptocurrency market. SHIB’s explosive volume and price increase reflect a growing investor interest, challenging DOGE’s position.
Meanwhile, DOGE’s consistent performance speaks to its enduring appeal.
These dynamics underscore the evolving landscape of the cryptocurrency market, where meme coins continue to play a significant role in shaping investor sentiment and market trends.
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DOGAMÍ’s ($DOGA) price is poised to surge as the project is set to announce the listing of its token on a top 5 centralised exchange (CEX) in March, sources familiar with the matter told Crypto Intelligence on Friday.
$DOGA is one of many dog-themed tokens, like Shiba Inu ($SHIB) and Dogecoin ($DOGE), but this token has considerably more upside potential due to its small market cap of just $5.2 million.
DOGAMÍ is currently tradeable on Gate.io and MEXC, but this new CEX listing will give $DOGA huge exposure and potentially attract tens of thousands of new investors in a matter of weeks.
As such, $DOGA’s price could surge over 70% once this new exchange listing is announced, and many investors are ultra-bullish on this token in the medium-to-long run.
$DOGA Price Prediction
Dogami coin is in a good position to breach $0.15 by the end of this year, delivering a 10x return at the current entry price.
However, this is a relatively conservative prediction, and some $DOGA holders are forecasting it to reach a $700 million market cap, which would propel the DOGA token price to almost $1.80.
This would deliver a 120x return to investors who buy in at the current entry price.
Other dog-themed coins, like Shiba Inu and Dogecoin, are also likely to rally in 2024, delivering a 2x-4x return, according to numerous price predictions.
However, both SHIB and DOGE have been facing resistance recently, and it remains to be seen if they will lose momentum as investors switch to smaller memecoins with more potential for huge gains.
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On March 14, the cryptocurrency market witnessed a significant price surge in Solana (SOL), marking its highest point since January 2022.
The currency experienced an increase of approximately 6.70%, reaching $174, outperforming the overall cryptocurrency market, which saw a slight decline of 0.25%.
This rally was primarily fueled by heightened activity on the Solana network, largely due to the enthusiasm surrounding the memecoin project Dogewhatif (WIF).
The project gained traction when its supporters gathered $700,000, vastly exceeding their initial $50,000 goal, to display the token’s logo on the Las Vegas sphere.
This event propelled WIF’s price by 25%, pushing its market cap to $3 billion.
The price of SOL began to climb after the Dogwifhat campaign was announced on March 10, resulting in a more than 24% increase.
This rally gained momentum particularly after the successful WIF crowdfunding.
The involvement of memecoin projects on Solana’s blockchain has been a bullish signal for the network, with research indicating significant activity during these periods.
READ MORE: FLOKI Cryptocurrency Eyes New Highs Amid Token Burns and Analyst Optimism
Solana’s network has also shown signs of increased activity, with the total-value-locked (TVL) reaching its highest since December 2022, at 23.07 million SOL.
This surge is reflective of the platform’s growing utility for decentralized applications (DApps) and transactions, potentially leading to greater SOL demand.
Additionally, Solana’s recent performance against Bitcoin has been notable.
The SOL/BTC pair saw a substantial rise of 32.45% after a dip earlier in the month, with a 6.60% increase on March 14 alone.
This suggests a shift in investor preference from Bitcoin, which has shown signs of being overbought, to altcoins like Solana and XRP, which present a more balanced sentiment.
Technical analysis also supports Solana’s bullish trend, with predictions targeting the $195-200 range by the end of March.
However, the recent rally has pushed Solana’s RSI into the overbought territory, hinting at a possible correction.
If a downturn occurs, SOL could face a drop towards its 0.5 Fibonacci retracement level at $135, a 20% decline from its current price.
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The cryptocurrency market has seen significant activity recently, with Bitcoin reaching another all-time high.
Similarly, the Shiba Inu (SHIB) cryptocurrency has been making efforts to reach a new historical peak.
Part of these efforts includes the SHIB community’s continuous attempt to burn SHIB meme coins, aiming to reduce their supply and increase scarcity.
Recent data from the Shibburn tracker indicates that millions of Shiba Inu coins have been burned, showcasing a remarkable surge in the burn rate of 430%.
According to this data, there has been a 429.78% increase in the rate at which SHIB coins are being destroyed, with a total of 15,155,141 meme coins sent to “inferno” wallets across nine transactions.
The most significant transaction moved 10,196,078 SHIB to an unspendable blockchain wallet, followed by smaller transactions moving 1,882,892 and 1,580,028 SHIB to dead-end addresses.
Although this spike in the burn rate is impressive, it’s important to note that the total amount of coins burned in these instances is less than the amount burned in other daily activities within the same week.
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For example, on March 12, a substantial 386,077,185 SHIB were burned, despite the burn rate only increasing by 29.22%.
The most notable burn event recently occurred on March 9, when the SHIB team itself undertook a massive burn of 13,610,153,841 SHIB.
This event was not limited to SHIB coins; it also included the burning of BONE and LEASH tokens, which are crucial to the Shibarium ecosystem.
These burns were facilitated by Shibarium’s layer-2 solution and the gas fees collected by the developers.
Despite the fluctuation in burn activities, SHIB’s price experienced a 7.80% increase within the last 24 hours, trading at $0.00003382 at the time of reporting.
This activity underscores the community’s dedication to influencing the coin’s value through strategic burns, aiming for a tighter supply and potentially higher prices.
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Decentralized physical infrastructure network (DePIN) Dabba plans to boost internet to the unconnected in India via the launch of 100,000 Dabba Lite devices in the country.
Dabba, a blockchain-based company aiming to connect the unconnected with a visionary decentralised physical infrastructure (DePIN) network, announced the launch of its Season 2 campaign in India. The campaign aims to deploy over 100,000 Dabba Lite devices across India this year to offer cheap and accessible internet services.
This follows the Season 1 campaign trial in the most populous country, where it sold all 1,000 Dabba Lite devices within days of launch earlier this year. These campaigns aim to bring super fast and affordable internet to India via its robust decentralized physical infrastructure network (DePIN).
The company has partnered with key investors in this project, including Multicoin Capital, Y Combinator and Borderless Capital, which previously played a key role in helping Google expand its public WiFi and FSOC initiatives.
India, the world’s most populous country with over 1.43 billion people has suffered from poor internet services, and the latest initiative aims to greatly increase the availability of internet services across the country. Less than half of the population has access to internet services with only 30 million Indians enjoying access to fast WiFi services. By providing fast and affordable internet to the country, Dabba aims to unlock this massive potential the country holds in internet and digital assets, as Arul Murugan, Managing Partner at Borderless Capital explained.
“With more than 1.4 billion people and the limitation to expand the fixed broadband connectivity, India represents the largest market for decentralised wireless and WiFi networks, and Dabba is strategically positioned to become a market leader within this space,” Murugan stated.
Providing access to this underserved nation will set Dabba as an industry leader in DePIN services, he further explained. This will be made possible by Dabba building a network of Local Cable operators (LCOs) and deploying its low-cost, proprietary networking hardware to urban and rural areas within the country.
Hotspot owners on the platform are invited to purchase Dabba Lite hardware and choose an LCO, which deploys the device on their behalf. Once the hotspot owners start providing internet services around their area, they can earn token rewards, calculated according to the quantity of data consumed by hotspot users. The hotspot owners will only be paid when hotspot devices are set up in locations where customers pay for WiFi connectivity.
“Dabba’s strategic alliance with stakeholders essential for connectivity, especially Local Cable Operators (LCOs) marks a pivotal shift in India’s internet landscape,” said Shayon Sengupta of Multicoin Capital. “This innovative model not only enhances connectivity but also drives grassroots economic growth, positioning Dabba as a key player in India’s quest for universal internet access.”
With the recent upsurge in data demand, India’s supply lags way behind and Dabba could be the solution to filling up the demand. Notwithstanding, the country has also witnessed a resurgence in its appetite for cryptocurrencies and digital assets, a powerful combination which could drive Dabba’s mission towards leading the internet supply space in India.
As alluded to, the company successfully completed its first test campaign with 1,000 Dabba Lite devices deployed over the first two months of the year. These devices have, so far, seen a steady consumption of 90-100 TB of paid data per month, showing the rising demand for cheap internet in India. Powered by the Dabba token, Dabba will aggregate and leverage over 150,000 LCOs and help them efficiently scale their operations in remote and suburban areas of India.
On March 14, Bitcoin hit a new all-time high, reaching $73,794 on Bitstamp, as captured by Cointelegraph Markets Pro and TradingView data.
This surge came after a strong overnight rebound, dispelling any previous signs of weakness before the latest Wall Street session.
The resurgence was highlighted by Rekt Capital, a well-known trader and analyst on X (formerly Twitter), who remarked, “Bitcoin dipped again earlier this week and once again successfully retested old All Time Highs as support.”
The excitement was partly fueled by notable supply trends, particularly the impact of the United States’ spot Bitcoin exchange-traded funds (ETFs), which recorded net inflows of $683.7 billion on March 13, as reported by the UK-based investment firm Farside.
These inflows significantly outstripped the day’s outflows from the Grayscale Bitcoin Trust (GBTC), indicating a bullish momentum.
Willy Woo, a statistician and the creator of Bitcoin data resource Woobull, commented on the institutional products’ future, sharing a sentiment similar to Cathie Wood, CEO of ETF provider ARK Invest.
Woo stated on X, “The ETFs are just getting started, institutions and wealth management platforms will take a couple of months to complete due diligence before proper allocation begins.”
This anticipation is visualized in a chart showing Bitcoin network inflows, highlighting the ETFs’ contributions.
Moreover, MicroStrategy, known for holding the largest Bitcoin treasury among public companies, announced plans to acquire more than 1% of the total BTC supply.
Currently owning 205,000 BTC, the company aims to invest an additional $500 million to surpass the 210,000 BTC mark.
Despite some concerns over Bitcoin’s ability to maintain its momentum, bullish sentiment prevailed.
Charles Edwards, founder of Capriole Investments, was among the optimists predicting a significant move for BTC/USD.
He emphasized the role of ETF inflows, stating on X, “Bitcoin’s getting ready for a big move,” and added, “a billion a day keeps the dip away.”
Previously, Edwards had declared the era of “deep value” Bitcoin dip-buying over, concluding, “That ship has sailed. You had 2 years to pick up undervalued Bitcoin.
Instead, an exciting new chapter has begun,” marking a transition to a new phase in Bitcoin’s market dynamics.
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On March 13, a surprising development occurred when a post by Elon Musk, featuring a Pepe meme, captivated the attention of cryptocurrency enthusiasts worldwide.
This particular post on X sparked a notable rise in the value of the meme coin PEPE, contrasting with the recent downtrends observed in other meme cryptocurrencies such as SHIB, DOGE, and FLOKI.
Musk’s engagement with the Pepe meme not only highlighted his interest but also seemed to inject a new vigor into Pepe Coin, a cryptocurrency that blends the world of memes with blockchain technology.
This event came amid speculations about the potential end of the meme coin season, during which several prominent meme coins experienced significant value declines.
The reaction to Musk’s post was immediate, with Pepe Coin experiencing a bullish trend across the cryptocurrency market.
Noteworthy personalities on the platform also engaged with Musk’s post, further amplifying the interest in Pepe Coin.
As a result, the cryptocurrency saw a substantial price increase of 12.82% within 24 hours, trading at $0.000009314.
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This uptick was accompanied by a 28.53% rise in its 24-hour trading volume and a 13.40% increase in market capitalization, indicating strong bullish sentiment among investors.
Data from Coinglass corroborated this trend, showing a 15.33% rise in open interest for Pepe Coin, which amounted to $125.44 million, while its volume surged by 48.49% to reach $1.38 billion.
These figures suggest a growing interest in PEPE, as investors appear eager to inject new funds into the market, thereby enhancing market activity.
Technical analysis provided by Trading View further supported this optimistic outlook.
The Relative Strength Index (RSI) hovered around 72, suggesting that Pepe Coin might be entering a consolidation phase due to its overbought status.
Nonetheless, the rally induced by Musk’s meme-centric post has ushered in a wave of optimism for the meme coin, suggesting its potential resilience in the face of market fluctuations.
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In 2021, Shiba Inu (SHIB), a meme cryptocurrency inspired by social media trends, experienced an unprecedented surge in its value, peaking at $0.000089 on October 28.
This rise was propelled by the enthusiasm on platforms like Reddit and the broader excitement around cryptocurrencies, especially following Dogecoin’s success.
There’s growing curiosity about SHIB’s ability to mimic its previous year’s performance.
Opinions on SHIB’s future prospects are divided among experts.
Alex Svanevik, CEO of Nansen, remains optimistic about meme coins, including SHIB and Dogecoin, predicting they could outperform other major cryptocurrencies like Cardano.
Conversely, analysts from The Motley Fool are skeptical, cautioning that the gains seen in 2021 may not be repeatable.
They highlight the mathematical challenges in expecting similar explosive growth, indicating “Those hoping for a repeat of 2021 might be disappointed because it would be mathematically impossible.”
Shiba Inu’s journey to replicate its 2021 success faces several obstacles.
With a circulating supply of 589 trillion coins, efforts to significantly impact its value through token burning have been sluggish.
READ MORE: Pepe Coin Surges to New Heights, Joining Bitcoin and Ether in Crypto Rally
Moreover, the coin’s practical use cases remain limited, despite initiatives like Shibarium aiming to improve transaction efficiency and reduce costs.
The slow pace of merchant adoption further restricts its utility beyond speculative trading.
However, the Shiba Inu community is actively working to enhance the token’s ecosystem and utility.
Projects like Shibarium and Shiba Eternity, a collectible card game, underscore the community’s commitment to building a more sustainable and valuable network for SHIB.
The future performance of SHIB will also be influenced by the overall health of the cryptocurrency market.
Despite the hurdles related to its supply and utility, the unwavering support from its community and the evolving crypto landscape could play pivotal roles in SHIB’s ability to achieve long-term success.
The debate over SHIB’s potential continues, reflecting the dynamic and speculative nature of the cryptocurrency market.
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