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The Shiba Inu price has surged by 2.2% in the last 24 hours to trade at $0.00000922 as of 8 a.m. EST.
SHIB has experienced a remarkable surge in its burn rate, with the elimination of approximately 8.35 billion SHIB tokens from its overall supply since yesterday.
The unexpected rise in burning activity followed an announcement by Shiba Inu’s lead developer, Kaal Dhairya, who introduced Shibarium’s innovative token-burning mechanism.
Shiba Inu has a market capitalization of $5.4 billion and currently holds the 18th position on CoinGecko’s rankings.
Over the last 7 days, the Shiba Inu price has seen a 12.5% increase, surpassing the broader global cryptocurrency market, which has seen an 8% increase.
Shiba Inu Price Forms Cup And Handle Pattern
Shiba Inu Price Prediction
The Shiba Inu price indicates a shift towards an upward trajectory. This is evident from the successive daily bullish candlesticks at the support level of $0.00000663, which has proven to be a robust foundation for the bulls, enabling them to regain control and demonstrate resilience in the overall price.
Despite encountering resistance at $0.00000997, the bulls have shown resilience, bouncing back from the $0.00000815 support zone and forming the cup and handle pattern that signifies a continuation of a bullish trend.
SHIB Inu’s price has surpassed the 50-day and 200-day Simple Moving Averages (SMA), indicating a golden cross that confirms the bullish sentiment for SHIB’s price. Both SMAs serve as immediate support for the Shiba Inu price.
If the bullish momentum continues and remains above $0.00000997, it could pave the way for the bulls to set a target of $0.00001194. However, bears might come into play at this resistance level, attempting to recoup losses.
In such a scenario, a price retracement to the previous support level of $0.00000815 is possible.
Meanwhile, investors are considering selling Shiba Inu, Pepe, and Dogecoin to invest in emerging meme cryptocurrencies. Two such tokens that are primed for explosive potential are Meme Kombat and Wall Street Memes.
Meme Kombat Presale Secures $2.4 Million, Poised for 10X Potential Growth
Meme Kombat (MK) is a groundbreaking initiative integrating gaming and GameFi. Within this innovative gaming platform, players can wager on the outcomes of battles featuring their favorite meme characters, all conducted through AI-generated simulations.
F, B, B, B, HP ⚡
Wojak might just pull this move off on Pepe in Kombat🥊 pic.twitter.com/pX4ony72Gd
— Meme Kombat (@Meme_Kombat) November 28, 2023
Currently, the project is in its presale stages, where it has successfully raised over $2.4 million and is approaching its initial target of $2.5 million.
We did it fighters!
We reached $2.4 million raised in the $MK presale🥊 $100k to go for the Limited Edition Meme Kombat NFTs! pic.twitter.com/j6ItGkYabw
— Meme Kombat (@Meme_Kombat) December 4, 2023
This rapid fundraising has placed the project in the spotlight, attracting keen interest from investors now rushing to buy MK tokens at the discounted price of $0.225 before it increases to $0.235 in slightly less than two days.
Stake to Earn 350% APY
The project has amplified its appeal to investors by introducing a compelling staking program, offering participants the opportunity to generate passive income throughout the ongoing presale
Buying and staking MK tokens today positions you to capitalize on an impressive annual percentage yield (APY) of 350%.
Jacob Bury, a popular crypto analyst and YouTuber, has reviewed the project. He invested $1,000 in it and anticipates that early backers might experience a 10X return.
You can buy $MK tokens on the official Meme Kombat Tokens website using ETH, BNB or USDT.
$WSM Soars Amidst Wall Street Memes Casino’s Success
Wall Street Memes ($WSM) has established itself as a prominent meme coin this year, propelled by a substantial ecosystem expansion driven most recently by the success of the newly launched Wall Street Memes Casino.
This sets the stage for a robust performance by $WSM in 2024.
INTRODUCING THE WALL ST MEMES CASINO! 🚨
Enjoy Wall St Memes custom games, sports betting, a live casino and $WSM token integration 🔥
200% deposit bonus – Sign up now! ⬇️https://t.co/RvwON1Sfp2 pic.twitter.com/6snnG16A6v
— Wall Street Memes Casino (@wsmcasino) October 18, 2023
The Wall Street Memes price has surged 7% in the last 24 hours to trade at $0.025 as of 10:09 a.m. EST.
The price of Wall Street Memes has consistently increased, reaching higher highs, but it encountered resistance at $0.029.
Despite this obstacle, the overall bullish sentiment remains strong, with WSM maintaining its position above the critical support level of $0.021.
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