Will SHIB Retain Dominance Against Dogwifhat and IntelMarkets (INTL)?
The post Will SHIB Retain Dominance Against Dogwifhat and IntelMarkets (INTL)? appeared on BitcoinEthereumNews.com.
Advertisement     The Shiba Inu space is experiencing substantial shifts. Recently, its daily burn rate increased by an impressive 3,676%, jumping SHIB burn volume to 53.31 million tokens, according to Shibburn data. This hike aligns with a 47.17% surge in SHIB’s value, which recently stood at the $0.00002782 level. This uprise in both burn rate and value has been seen as a potential signal of growth and commitment in the Shiba Inu community. The increased activity recommends that SHIB holders focus on controlling coin supply, aiming for long-term stability and a slow price rise. Experts’ speculations about SHIB’s value trajectory vary. Some experts have taken a more conservative stance, citing the latest trading volumes as an indicator of potential dips. A noted crypto expert recently pointed out that SHIB’s October high was lower than its mid-July top, projecting that while SHIB shows community strength, it may face difficulties in maintaining an upward trajectory. Dogwifhat (WIF) Set for Market Leadership Amid Fluctuations Advertisement   Dogwifhat (WIF), another major meme coin, has presented resilience and fluctuation in the past weeks. Although WIF’s value fell by 10% last week, post-election moves led to a quick 10% rebound on the daily chart, recommending positive momentum. WIF trades in the $2.32 to $2.58 range, with technical indicators reflecting a bullish outlook. On a technical level, Dogwifhat sustains a favorable position above its 50-day EMA ($2.27) and 100-day EMA ($2.17), signaling continued strength despite recent volatility. Momentum indicators further support this positivity, with the present reading at -0.12, indicating potential buying interest. Crypto analysts predict that WIF will soon soar to $4, based on the token’s support among Solana meme tokens and favorable technical metrics. While WIF’s recent performance has garnered positive attention, its future remains subject to market conditions and investor sentiment. However, with…
Filed under: News - @ November 13, 2024 6:21 am