$0.001 Shiba Inu Price Now ‘Crazily’ In View as Memecoins’ Performance Go Through The Roof

$0.001 Shiba Inu Price Now ‘Crazily’ In View as Memecoins’ Performance Go Through The Roof
фото показано с : zycrypto.com

2024-4-23 12:51

It’s a new dawn for meme coins, as they continue showing stellar performance thanks to the bullish momentum in the crypto market.

Leading on-chain metrics provider, IntoTheBlock alluded to this trend and stated, “Memecoins performed extremely well this month, with PEPE leading with more than 600% monthly returns.”

Source: IntoTheBlock

Shiba Inu has been leading the meme coin pack in terms of exemplary monthly gains, with other coins like BONK, PEPE, FLOKI, and Dogwifhat following suit.

The presence of meme coins in the crypto market is no longer in oblivion because they act as a significant proxy that shows the overall interest and trend in this sector.

As a result, meme coins have become quite popular on social media platforms since they are an ideal vehicle for social and professional traders looking to make a kill from the next trend.

Meme Coins Are Gaining Popularity

Despite the high volatility associated with meme coins, their adoption rate continues to go through the roof.

Leading investment firm Franklin Templeton noted, “We believe that meme coins have a strong relationship with their native networks.”

Therefore, this connection has been instrumental in enabling meme coins to go through the roof. For instance, the Solana network has been experiencing heightened investor interest based on the notable meme coins being developed on the blockchain.

For instance, BONK experienced exponential growth last year, outpacing DOGE and SHIB in trade volume.

Amidst SHIB’s growing traction, there has also been a parallel surge in meme coin trading, as highlighted by a report from Coingecko

Not only that but the large holder netflow has also increased significantly, coinciding with this upsurge in SHIB whale activity. Data from onchain analytics firm IntoTheBlock shows that Shiba Inu’s large holder netflow has risen by 1,058% over the last 30 days.

This indicates that whales continue accumulating Shiba Inu as bulls set their sights on the $0.001 price. Despite the short-term price volatility, this trend indicates that whales are becoming more confident in the long-term prospects of SHIB.

Meme coins appear to be attracting the interest of major investors as the cryptocurrency market takes a short break following strong growth last quarter. This tendency stands out in the ever-changing world of cryptocurrencies.

This bullish trend on the BONK network played a pivotal role in enabling the number of daily user addresses to explode on the Solana blockchain.

Therefore, meme coins continuously showcase themselves as a force to be reckoned with in the crypto sector.

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0064459
Капитализация $0 Rank 99999
Цена в час новости $ 0.0100291 (-100%)

performance market continue coins meme showing crypto

Источник: zycrypto.com

performance market → Результатов: 126


Фото:

Bitcoin Price Analysis: Bear Pennant Breakout Puts $1,700 Price in Sight

Another week, another low. Bitcoin’s market has been bleeding relentlessly for weeks and now, after falling 50% in value in just one month, the market has managed to break south of a major bearish consolidation pattern called a bear pennant:Figure 1: BTC-USD, 4-Hour Candles, Bear Pennant BreakoutThis is a massive bear pennant with a staggering $2,000 measured move.

2018-12-12 01:52


Фото:

Bitcoin Price Analysis: Wait and See Where Recent Signs of Strength Lead

This week realized a big gain as bitcoin enjoyed a 25% rally from its local bottom before topping out around $4,400. Support currently appears to be established in the mid-$3,000s as the market remains indecisive over its next move:Figure 1: BTC-USD, Daily Candles, Current Support LevelFigure 1 shows the relevance of the current support level as it represents a previous support level that was never properly retested during last year’s parabolic bull market.

2018-11-30 01:45


Ether Price Analysis: Untested Support Leaves Shaky Foundation During Drop

Much like the rest of the crypto market, ether has found itself devalued by more than 90% since its all-time high of $1,400 back in December of 2017. And now, almost a year later, ether sits just above $100 on what appears to be shaky ground during its latest round of selling over the last few weeks:Figure 1: ETH-USD, Daily Candles, Rapid DescentSimilar to bitcoin’s movement discussed in yesterday’s article, ETH-USD experienced a parabolic growth profile during its bull run.

2018-11-28 01:55


Фото:

Ripple Gains As XRP Takes Second Place: Video

In today’s Crypto Briefing video presentation, Kiana takes another look at XRP, the new second-largest cryptocurrency after Ethereum’s fall from the market caps. But will XRP take home the silver medal? Ripple has made big strides towards building a payment network around its ledgers, but XRP’s performance in the market is still giving us second […] The post Ripple Gains As XRP Takes Second Place: Video appeared first on Crypto Briefing.

2018-11-26 20:33


Gigantic Opportunities: Blockchain Capital Partner Touts Crypto Bullishness

As crypto has nosedived, mainstream financial media outlets, like Bloomberg and CNBC, have interestingly escalated their coverage of this juvenile market. While CNBC has evidently sensationalized Bitcoin’s dismal performance, circulating a Fast Money segment misleadingly titled “Cryptos [Are] In a Financial Crisis,” Bloomberg’s Joe Weisenthal recently began a push to bring some rational thinking to.

2018-11-23 00:30


In Spite Of Bear Market, Tom Lee Maintains $15,000 Value for Bitcoin by year end

At the start of the year, many cryptocurrency enthusiasts were full of hope that the market turn around could make them join the league of crypto millionaires. But the general performance of the market at this time shows that the market is below its performance same time last year, even as one of the top […] The post In Spite Of Bear Market, Tom Lee Maintains $15,000 Value for Bitcoin by year end appeared first on ZyCrypto.

2018-11-21 11:54


Three New Cryptocurrencies to keep tabs on

One thing about the crypto market which makes it exciting is the option to switch lanes when the journey gets rough. It’s no secret that many investors have always relied on the big coins to make them some money, however, constant high performance from those coins isn’t guaranteed in the crypto market, and that’s when […] The post Three New Cryptocurrencies to keep tabs on appeared first on ZyCrypto.

2018-11-21 11:24


Фото:

Bitcoin Price Analysis: Yearly Support Breaks as Bitcoin Tests Underlying Demand

After months and months of consolidation, the yearly support finally broke and now bitcoin has found itself in the lower $5000s for the first time since 2017:Figure 1: BTC-USD, Daily Candles, Broken SupportBitcoin managed to drop a staggering 16% yesterday as the market sliced through the long held support like a knife through butter.

2018-11-16 01:28


Survey: 9% Of Britain Millennials Own Bitcoin (BTC)

93% Of Brits May Have Heard Of Bitcoin, But Only 4% Own BTC In spite of the crypto market’s dismal performance in 2018, a post-mortem report from YouGov, an international market data analytics corporation, has revealed that upwards of 93% of Brits have heard the good name of Bitcoin (BTC), even though it has been […] The post Survey: 9% Of Britain Millennials Own Bitcoin (BTC) appeared first on Ethereum World News.

2018-11-11 03:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Shiba Inu burn rate plummets 90% - How this will impact SHIB prices in 2025

Shiba Inu's burn rate plunged amid price struggles. Whale transactions continued to influence SHIB's price, adding both volatility and liquidity concerns. Shiba Inu [SHIB] has seen fluctuatiThe post Shiba Inu burn rate plummets 90% - How this will impact SHIB prices in 2025 appeared first on AMBCrypto.

Meme coin mania: top 3 cryptos that dominated 2024

The cryptocurrency market, a space known for its constant evolution, continues to introduce new digital assets at a rapid pace. Among these, meme-based cryptocurrencies have experienced a surge in popularity, driven by their strong connections to internet culture and social media trends.

Meme coins to watch in 2025: Doge, Shiba Inu, and Pepe lead the pack

Meme coins, born from internet jokes and viral memes, have carved out a unique space within the cryptocurrency landscape. These digital assets, often driven by strong community support and perceived decentralization, are no longer just a laughing matter; they’ve become a force to be reckoned with.