Bittime -Bitcoinis getting closer to the halving which is less than 50 days away. The cryptomarketis experiencing its biggest increase in recent years.
Experts even predict Bitcoin could reach $100,000 after the halving in April. This enthusiasm is not only felt by Bitcoin, but the entire crypto market, especially meme coins , is expected to be carried along by this wave of optimism.
Andrew Kang, a well-known crypto trader and co-founder of Mechanism Capital, even predicted that meme coins could dominate the 2024 bull run.
If Kang's prediction comes true, we could see these tokens skyrocket, with increases varying widely from 5x to 100x.
In the world of meme coins, general sentiment is leaning towards a sharp price increase, but a brief price correction has just occurred and prompted whale investors to take profits.
In the midst of this situation, Floki (FLOKI) actually appeared different with a price increase of more than 20% in the last day. This is in sharp contrast to Dogecoin (DOGE) and Shiba Inu (SHIB) which are having difficulty maintaining their prices.
However, as the total meme coin market capitalization recovers, another upward move may be in the offing in this volatile sector.
Apart from the familiar names, ScapesMania (MANIA) has also recently emerged. After passing the TGE (Token Generation Event) , MANIA immediately took the floor on PancakeSwap, a decentralized exchange known for its large user base and liquidity.
MANIA's trading debut shows strength, with solid tokenomics and promising a bright future for this new player.
Riding the Wave of Innovation with ScapesMania
The launch of a new crypto project is usually greeted with cautious optimism. However, when their pre-sales and TGE were a huge success, everything seemed like the first step on a path full of growth potential.
ScapesMania, the innovative casual gaming project, has a lot to show as the hype is unstoppable.
$MANIA has arrived on PancakeSwap, a decentralized exchange on the Binance Smart Chain network known for its extensive user base and liquidity. His first trading day was impressive.
The token price shows resilience, indicating strong tokenomics and promising prospects for the project.
Unlike short-term ICOs ( Initial Coin Offerings ), ScapesMania has proven itself to be a serious venture in a rapidly growing market. Proven from the following data:
- Number of holders : 18.41 thousand
- 24-hour trading volume : $2.25 million
- Over 2,535 purchases and 1,651 sales
The project kicked off with pre-sales that raised an incredible $6.125 million. The fact that the project attracts more than 60,000 followers on various social networks and a large number of holders is extraordinary.
This strong support and funding shows how exciting and promising this project is for many people. A real breakthrough may be around the corner, so it would be a huge loss not to buy $MANIA tokens before the price skyrockets.
The launch of liquidity pairs including MANIA/WBNB and MANIA/USDT marked the start of active trading. Demand from the community makes USDT a major source of liquidity.
Why should you join ScapesMania now that you are registered? First, $MANIA tokenomics are balanced, with cliffs and a vesting system that helps maintain stability.
Second, ScapesMania incentivizes community members through its staking program, rewarding commitment with additional tokens.
Third, through DAO governance, community members can vote on ecosystem development decisions. Lastly, ScapesMania continues to expand the utility of the token, offering more benefits to $MANIA holders.
With a strong plan to promote the project once it is listed, its success may be able to maintain the record after its debut.
The team's dedication to long-term development and making a name for themselves in the crypto industry is demonstrated by their impressive marketing efforts - average monthly traffic of 75,000+ is no joke.
Additional advantages that may be the biggest determining factor in terms of growth are:
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- The project's smart contract has been approved by BlockSafu. Holders can be assured that the project infrastructure is reliable and meets standards thanks to this support.
- Enthusiastic support from many well-known crypto influencers . This provides legitimacy and confirms ScapesMania's status as one of the promising new projects.
- Experienced team . Innovating and running projects successfully requires a team of experienced specialists. The project is in a strong position to overcome any obstacles and take advantage of opportunities.
- Bright future . The project has come a long way, but still has a long road ahead. There are tentative plans to be listed on a centralized exchange (CEX), which would provide access to more markets and more liquidity.
Everything at ScapesMania is carefully designed to facilitate huge growth potential.
From successful and well-publicized sales to its profitable alliances, experienced staff, and strategic positioning in the casual gaming niche - the project seems poised for major milestones.
Choosing ScapesMania now, post-TGE, offers early access, exclusive benefits, diversification, lower competition in a dynamic niche, and more importantly, possibly the right entry point to maximize growth.
Post-listing stable prices and strong initial support, coupled with the influx of new entrants, indicate long-term confidence, so it may be time for you to make a decision.
Check Today's Crypto Market:
Dogecoin (DOGE): Rally Amid Bitcoin Boom
Dogecoin (DOGE), the famous meme coin, is currently in a consolidation phase. Recently, DOGE trading volume exceeded $2.5 billion.
In South Korea, meme coin trading activity even surpasses the stock market. This indicates increased risk appetite among Korean retail investors, and this rise could potentially impact the US market as Bitcoin breaks to a record high above $72,000.
Now, there is real optimistic sentiment surrounding Dogecoin (DOGE), with its price having doubled over the past two weeks following Bitcoin's significant rise.
While DOGE's performance is commendable, with a 3x increase from its 2022 lows of around $0.05, the price is still far behind its 2021 peak of over $0.74.
As the current crypto bull market develops, many are predicting the possibility of Dogecoin (DOGE) reaching new highs, potentially even reaching $1 within 2024.
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Dogecoin (DOGE) Technical Analysis
Technically, DOGE is trading between its first support at $0.1299 and its first resistance at $0.2082.
The 10-day Exponential Moving Average (EMA) at $0.1729 is slightly above current prices, while the 50-day and 200-day EMA are at $0.1608 and $0.1223 respectively, indicating a broader uptrend.
The MACD level, although minimal at 0.0034, hints at a potential bullish crossover.
- The Relative Strength Index (RSI) is at 55.84, indicating neither overbought nor oversold conditions, while Stochastic %K shows slightly bullish sentiment at 60.98.
- The Commodity Channel Index (CCI) at 56.13, in line with the RSI, indicates balanced market conditions.
- However, the Average Directional Index (ADX) , at a low level of 14.51, indicates a lack of a strong trend.
- Meanwhile, negative Momentum at -0.0047 may imply the need for cautious optimism.
Dogecoin (DOGE) Price Prediction
In a bullish scenario, if enthusiasm from the South Korean market transfers to the US and other global markets, coupled with the ongoing Bitcoin rally, Dogecoin (DOGE) could quickly move towards $0.2082.
A break above this resistance could see him eyeing his next targets at $0.2466 and potentially $0.3249.
However, in a bearish view, if DOGE fails to maintain the current support level and succumbs to selling pressure, DOGE could drop to $0.09 or even $0.0117 in a more severe market downturn.
Shiba Inu (SHIB): Whale Influence and ETF Expectations
Shiba Inu (SHIB) is currently going through an interesting phase in its journey on the market, characterized by a backdrop of declining whale activity. As per IntoTheBlock, there was a 14% drop in the value of bulk SHIB transactions.
On the one hand, this suggests that major players may be consolidating or shifting their investments, while on the other hand, it could be a signal towards price stabilization after a significant rally, as whales take profits.
Although Shiba Inu (SHIB) is still 64% below its all-time high, the expected journey to $0.0001 remains challenging but not impossible, especially when considering the meme coin's 21% rise over the past week and 255% gain over the past month.
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Shiba Inu (SHIB) Technical Analysis
Currently, SHIB is trading between its first support at $0.00002001 and its first resistance at $0.00004576.
- The EMAs for the 10, 50 and 200 days are $0.00003367, $0.00003092 and $0.00001964 respectively, indicating a potential bullish crossover in the short term, but requiring sustained momentum to confirm a long-term uptrend.
- The RSI is at 49.26 neutral, indicating a balance between buying and selling pressure. However, with Stochastic %K at 59.07, there is a slight trend towards buying interest.
- The CCI of -73.82 could indicate that Shiba Inu (SHIB) is currently undervalued, while the low ADX of 13.61 suggests a lack of a strong trend.
- MACD at 0.0000003 and negative Momentum at -0.00000187 further complicate the picture, indicating a cautious market sentiment.
Shiba Inu (SHIB) Price Prediction
For a bullish scenario, a break above $0.00004576 could take SHIB towards its second and third resistance at $0.00005863 and $0.00008438.
The community's anticipation of a potential spot ETF from Grayscale, which could significantly increase the value of Shiba Inu (SHIB), further fuels this optimism.
On the other hand, bearish views should consider a possible drop towards $0.00000713 if the support at $0.00002001 is broken. Such a move could result from a decrease in transaction activity and a decrease in trading volume, indicating a potential period of reduced interest.
Floki (FLOKI): Staking Success and TVL Achievement
In the latest developments in the meme coin market, Floki (FLOKI) stands out not only for maintaining its value during the broader market correction, but also reaching new milestones in terms of total value locked (TVL).
FLOKI's TVL reached $756 million, a figure that surpassed the combined TVL of its closest competitors, supported by the success of Floki Staking and FlokiFi Locker.
In addition to its appeal, Floki (FLOKI) has burned $3.2 million worth of tokens. This action, driven by strong demand for Floki's utility product, supported the meme coin's deflationary trajectory, with more than 14 billion FLOKI burned in just a week.
Additionally, Floki (FLOKI) garnered significant institutional interest, as evidenced by a substantial $15 million investment from DWF Labs.
Floki Technical Analysis (FLOKI)
Technically, FLOKI is trading between key support at $0.00014433 and nearby resistance at $0.00034842.
- The token's EMAs reflect a positive trend, with the 10-day EMA at $0.00026124, 50-day EMA at $0.00019212 and 200-day EMA at $0.00010174 indicating a bullish trend in the short, medium and long term.
- MACD at 0.00002795 and Momentum at 0.00002949 further strengthen the current upward movement.
- ADX is at 49.98, approaching the threshold of a strong trend, while CCI at 94.38 also supports the momentum narrative.
- RSI at 63.85 and Stochastic %K at 72.05 indicate that Floki (FLOKI) is currently experiencing momentum, although it is approaching overbought territory.
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Floki Price Prediction (FLOKI)
In a bullish scenario, if FLOKI continues its upward momentum, breaking through $0.00034842, we could see it test higher resistance levels, potentially reaching $0.0004239, or even $0.00062799. A move like this would be supported by continued institutional interest, deflationary action and strong TVL numbers.
On the other hand, a bearish scenario may unfold if Floki (FLOKI) breaks below $0.00014433. This could see the token test lower support at $0.00001571, especially if the broader market faces a downturn or if investor sentiment changes.
Conclusion
In the meme coin arena, Dogecoin (DOGE), Shiba Inu (SHIB), and Floki (FLOKI) each tell their own stories of market resilience and volatility.
DOGE is undergoing a consolidation phase with impressive trading volumes and increasing investor interest, partly due to Bitcoin's surge.
SHIB navigates a complex market influenced by whale activity and ETF inclusion expectations, maintaining a delicate balance between bullish and bearish forces. Lastly, FLOKI shows resilience and potential growth trajectory following token burns, skyrocketing TVL achievements, and strong institutional support.
How to Buy Shiba Inu (SHIB) on Bittime
You can buy and sell Shiba Inu (SHIB) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Shiba Inu (SHIB) is available on Bittime with the market pair SHIB/IDR . To be able to buy SHIB IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Shiba Inu (SHIB) on Bittime .
Monitor the price chart movements of Shiba Inu (SHIB) , Bitcoin (BTC), Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER : This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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