Meme Updates

When the recovery momentum around the $0.000017 level was lost, Shiba Inu's current price pattern was deemed invalid. It appears that the symmetric triangle pattern that once suggested a breakout is weaker now. The bullish momentum required to move the asset past this crucial resistance level has not been capitalized on by it.
Though SHIB has had difficulty holding its position, the tightening range of the symmetrical triangle suggested a potential spike in volatility. The token's incapacity to sustain the rally has been attributed in part to the absence of strong buying pressure.

SHIB/USDT Chart by TradingView
Still, there is a bright spot in the technical picture. The asset may have another opportunity to strengthen even though the breakout momentum has not materialized because the price is still above the upper line of the symmetrical triangle. The asset might try a more significant upward move if SHIB can muster enough volume and overcome the $0.000017 resistance level. Should this move not occur, SHIB might go through more consolidation or perhaps retrace back to lower support levels at $0.000015.
The likelihood of a short-term recovery may be further reduced if bulls are unable to drive the price higher and the token is subject to increased selling pressure. Now traders should be watching to see if SHIB can regain momentum with key resistance levels around $0.000017 serving as important indicators to keep an eye on. In the absence of consistent purchasing support, the road to recovery could become more difficult.
Bitcoin secures $60,000
Investors and traders can now relax a little as Bitcoin has once again maintained the critical $60,000 level. Reversing the recent downward trend, the price has risen above $62,000, suggesting a possible recovery.
This level has acted as a significant psychological barrier, and the market's recovery implies that bullish momentum may be returning. While the price of Bitcoin is strengthening, it is important to take note of the declining trading volume. Lower volume typically denotes less confidence in the direction of the price movement.
This could be an indication that absent an increase in volume the current upward trend may not have enough momentum to last. Nevertheless, this low volume may be advantageous given the mood of the market as a whole, particularly in light of the asset's recent decline. The fact that Bitcoin was able to rebound from this level indicates that there may be buying interest that could keep the asset safe from further losses.
However, for BTC to validate this bullish reversal there needs to be a steady increase in buying pressure. If the sentiment of the market as a whole shifts negative, there is always a chance of another decline. However, at $60,000, Bitcoin is currently demonstrating resilience, which is good news for bulls who are anticipating a longer-term recovery.
Ethereum's serious obstacle
The 50 EMA-designated $2,400 price level is presently posing a serious obstacle for Ethereum (ETH). Since early October, Ethereum has failed to break above this level several times, indicating that it is a strong resistance point. Even though ETH has demonstrated short-term bullish momentum, its persistent inability to overcome this significant barrier suggests that bulls are not very persuasive or strong.
For Ethereum, the $2,400 mark seems to be both a psychological and a technical barrier, serving as a turning point where sellers have repeatedly intervened to stop further gains. Supporting this is the 50 EMA, which technical analysts frequently view as a dynamic resistance line.
The market is still cautious as evidenced by the fact that ETH has been rejected three times at this point, and a breakout appears unlikely in the absence of strong buyer momentum. A more robust bullish reversal may be possible if Ethereum is able to break above $2,400. Under such circumstances, $2,600 and $2,800 would be the next important resistance levels to keep an eye on. A strong breakout could cause investors' opinions to change and spark a rally that could push ETH back toward $3,000.
On the other hand, if Ethereum is unable to muster sufficient buying momentum to overcome this barrier, it may struggle moving forward. If $2,400 is not broken, there may be a retracement and ETH may go back to the lower support levels, which are roughly $2,300 or even $2,200. Ethereum may experience additional losses if the price drops below these levels, which could cause the market to turn bearish.
#btc #shiba #ethereum #BTCUptober

Meme coins have proven not to be a passing trend but rather have added utility and ecosystems into the game.Such tokens serve as an illustration of the increasingly dominant role that Internet culture can play in the financial markets.In particular, blockchain-specific meme coins, such as Bonk, indicate their readiness to become an integrated part of an existing cryptocurrency environment.
There has been a rise of new tokens in the cryptocurrency space, which have been birthed out of meme culture. These products, which have been developed due to the Internet and social networks, occupy an individual position in the market. In this piece, we look at five meme coins that have surged in popularity in 2024 and analyze their history, performance, and place in the larger crypto space.
Dogecoin: The Original Meme Coin Continues Its Reign
Dogecoin, created in 2013 as a lighthearted alternative to Bitcoin, has maintained its position as a leading meme coin. The site has had a hefty amount of traffic as well as user engagement making it relevant up to date in the world of crypto. The ability of Dogecoin to be recognized as a form of payment and the occasional endorsements that the cryptocurrency gets from popular personalities has made it gain more market value.
Floki: Norse Mythology Meets Crypto
Floki drew attention to itself referencing Elon Musk’s Shiba Inu dog; The project has been mainly concentrated on building a sustainable environment that lends itself to NFTs and dApps. Floki’s marketing along with its online presence has helped it to occupy the position in the meme coin market.
Shiba Inu: The “Dogecoin Killer” Evolves
SHIB has an ecosystem that was started in 2020 and created as a direct rival to Dogecoin. The project goes far beyond the meme: it added decentralized finance (DeFi) mechanisms and a decentralized exchange. These conceptual evolutions have drawn those investor interests searching for novelties and practicality in the meme coin niche.
Pepe Coin: Riding the Wave of Internet Culture
The meme-inspired cryptocurrency called Pepe Coin started to receive attention in 2024. Over the years of its existence, the token’s meteoric rise showed the role of internet slang in promoting crypto assets. Due to Pepe Coin’s success, people continue to talk about memes, digital assets, and online communities.
Bonk: The Solana-Based Underdog
Bonk, a meme coin built on the Solana blockchain, emerged as a notable player in 2024. Its fast integration into the Solana ecosystem showed that there is a place for blockchain-specific meme tokens. Beyond mocking the Bitcoin and Ethereum community’s incompetence, Bonk has developed specific uses for integration into Solana-based decentralized applications.

Credits:
@Irene Kimsy (Source)
#MemeCoinTrending

يبحث المستثمرون دائمًا عن فرص كبيرة في عالم العملات المشفرة. وفي حين لم تحقق الأسماء الكبيرة مثل Ethereum أداءً جيدًا مؤخرًا، فقد أظهرت العملات المشفرة الأخرى إمكانات نمو كبيرة.
في هذه المقالة، سنقوم بتحليل رموز مثل Pepe وArtificial Superintelligence Alliance وCatoshi، ومناقشة سبب قدرتها على تحويل استثمار بقيمة 100 دولار إلى 10000 دولار أو أكثر بحلول منتصف عام 2025.
سجلت أسهم شركة Pepe (PEPE) نموًا بنسبة 30.45% خلال شهر واحد
بيبي (PEPE) هي عملة ميمية شهيرة اكتسبت قاعدة جماهيرية كبيرة في فترة قصيرة. استوحيت هذه العملة من بيبي، وهي ميم ضفدع، وتدعمها مشاعر مجتمعية مماثلة لعملة دوجكوين وشيبا إينو.

تخلق اللعبة الشهيرة المستندة إلى تيليجرام، MAJOR، حماسًا في مجتمع العملات المشفرة مع اقتراب موعد إدراج عملة ماجور الذي طال انتظاره. من المتوقع أن يكون تاريخ إدراج توزيع العملة الرئيسية في أوائل نوفمبر 2024، وفقًا لأحدث التحديثات من مؤسس اللعبة.
تأتي هذه الأخبار في وقت نما فيه المشروع بشكل ملحوظ، حيث وصل إلى 50 مليون هدف إجمالًا، مع 40 مليون مستخدم نشط شهريًا.
بينما لا يوجد تأكيد رسمي لتاريخ إدراج العملة الرئيسية بالضبط، فإن التكهنات عالية بأنها قد تحدث قبل تاريخ إدراج بلوم، المقرر في الربع الرابع من عام 2024. ينتظر المستثمرون واللاعبون بشغف المزيد من الأخبار في هذا الصدد.

قال تود لموقع CoinDesk يوم الثلاثاء: "بالطبع أنا لست ساتوشي"، مضيفًا أن المخرج السينمائي كولين هوباك كان "يتمسك بقشة".

يقول بيتر تود، مطور البيتكوين السابق، على اليسار، إنه ليس ساتوشي ناكاموتو، على الرغم من ادعاءات الفيلم الوثائقي. (HBO)
نفى بيتر تود، أحد مطوري البيتكوين الأوائل، لموقع CoinDesk أنه هو ساتوشي ناكاموتو، المنشئ المستعار للعملة المشفرة الأصلية.
علق تود قبل ساعات من ظهور فيلم وثائقي لـ HBO يشير إلى أن تود هو ساتوشي.
بدت مقاطع من الفيلم الوثائقي الذي أنتجته قناة HBO عن ساتوشي ناكاموتو، والذي تم تسريبه قبل ساعات من عرضه لأول مرة يوم الثلاثاء الماضي، تشير إلى أن مطور البيتكوين السابق بيتر تود هو منشئ العملة المشفرة - لكن تود نفى ذلك.

Shiba Inu Lead Developer Shytoshi Kusama Reshares Mysterious Post About 'The Last Chapter To My Story'— Is He Hinting At An Exit From Project Or A Potential Moon Run?
Shytoshi Kusama, the mysterious lead developer and co-founder of the Shiba Inu

SHIB/USD
ecosystem, shared a cryptic post, sparking intrigue and speculation in the cryptocurrency community.
What happened: The suspenseful figure reposted a message from another X user, Tsukiyomi Mishima, captioned, "I think this will be the last chapter to my story…"

https://x.com/TsukiyomiMishim/status/1843254124139499898
For the curious, ‘Tsukiyomi' refers to the god of the moon in Japanese mythology, while ‘Mishima' could be linked to the author Yukio Mishima.
The post also featured “The Great Wave off Kanagawa” a woodblock print by the artist Hokusai, which was created during the Edo period.
While we don’t know for certain, the message could be alluding to Kusama’s eventual departure from the project, similar to his predecessor Ryoshi, or anticipating SHIB’s journey “to the moon.”
Why It Matters: Kusama has steered the Shiba Inu ecosystem ever since the abrupt exit of Ryoshi in 2022. However, their real identity remains a mystery, akin to the speculation surrounding Bitcoin
Earlier in July, Kusama stated that they were nearing completion of founder Ryoshi’s vision of a completely decentralized system with no leader and that he, too, would “step away from the limelight” at some point.
Price Action: At the time of writing, Bitcoin was exchanging hands at 0.00001755, down 0.41% in the last 24 hours, according to data from Benzinga Pro. 

#WeAreAllSatoshi #HBODocumentarySatoshiRevealed #USDConSui #BTCReboundsAfterFOMC #shiba⚡