Lunatic Ghost
41 Following
75 Followers
77 Liked
20 Shared
Posts
Quotes
PINNED
Expert Shares XRP Historical Shakeout Pattern that Could Initiate 105,000% Rally
Discussions around XRP have intensified, particularly due to the recently concluded legal battle between Ripple, the San Franciscso-based cross-border payment firm, and the U.S. Securities and Exchange Commission (SEC).
Brett Hill (@Brett_Crypto_X), a well-known figure in the XRP community, recently shared a technical analysis of XRP’s price chart, bolstering the speculation of an impending XRP surge.
Source: X
The primary focus of the analysis is a crucial triangle pattern. This pattern is a classic technical analysis formation that occurs when an asset’s price movements become progressively narrower, leading to a point of convergence.
In XRP’s case, this triangle pattern has been developing over several years, beginning in January 2018, following XRP’s all-time high of $3.84.
The triangle pattern in question has two converging trendlines. The bottom trendline was established by a decline in XRP’s price from its all-time high. The upper trendline was formed by a subsequent surge in price in April 2021 when XRP hit $1.96.
As these two trendlines approach convergence, XRP has been consolidating within the triangle, a phenomenon the chart highlighted as a shakeout period.
Technical analysts often interpret the formation of such a triangle pattern as an indication of a pending breakout. The direction and magnitude of the breakout are typically uncertain until the price definitively moves beyond one of the trendlines.
However, the historical context and the specifics of this pattern have led some to predict that XRP may experience a significant upward movement, potentially leading to a new all-time high of $600.
Comparisons to Historical Patterns
A key aspect of the current analysis is the comparison between the ongoing triangle pattern and a similar pattern that occurred between 2013 and 2017. During that period, XRP experienced a prolonged consolidation phase, followed by a breakout that propelled the asset to its 2018 peak.
Copied#
#Xrp🔥🔥 #VOTEme
Discussions around XRP have intensified, particularly due to the recently concluded legal battle between Ripple, the San Franciscso-based cross-border payment firm, and the U.S. Securities and Exchange Commission (SEC).
Brett Hill (@Brett_Crypto_X), a well-known figure in the XRP community, recently shared a technical analysis of XRP’s price chart, bolstering the speculation of an impending XRP surge.
Source: X
The primary focus of the analysis is a crucial triangle pattern. This pattern is a classic technical analysis formation that occurs when an asset’s price movements become progressively narrower, leading to a point of convergence.
In XRP’s case, this triangle pattern has been developing over several years, beginning in January 2018, following XRP’s all-time high of $3.84.
The triangle pattern in question has two converging trendlines. The bottom trendline was established by a decline in XRP’s price from its all-time high. The upper trendline was formed by a subsequent surge in price in April 2021 when XRP hit $1.96.
As these two trendlines approach convergence, XRP has been consolidating within the triangle, a phenomenon the chart highlighted as a shakeout period.
Technical analysts often interpret the formation of such a triangle pattern as an indication of a pending breakout. The direction and magnitude of the breakout are typically uncertain until the price definitively moves beyond one of the trendlines.
However, the historical context and the specifics of this pattern have led some to predict that XRP may experience a significant upward movement, potentially leading to a new all-time high of $600.
Comparisons to Historical Patterns
A key aspect of the current analysis is the comparison between the ongoing triangle pattern and a similar pattern that occurred between 2013 and 2017. During that period, XRP experienced a prolonged consolidation phase, followed by a breakout that propelled the asset to its 2018 peak.
Copied#
#Xrp🔥🔥 #VOTEme
Crypto Analyst Predicts XRP Price Will Rally 50,000% To $250, Here’s When
Crypto analyst Chad Steingraber has made an ultra-bullish price prediction for the XRP price, stating that the crypto token’s price could rise to three figures. The analyst also outlined when this price target will be attained.
XRP Will Hit $250 In This Market Cycle
Steingraber mentioned in an X (formerly Twitter) post that XRP will reach $250 by 2025, which he believes will represent the market top for the crypto token in this bull run. He made this prediction while stating that Bitcoin and Ethereum will hit $250,000 and $25,000 in 2025, which will also be their market top.
Related Reading
Steingraber has previously provided several reasons why he is so bullish on XRP and believes the crypto token could attain such heights. He once alluded to a potential XRP ETF as one factor that could trigger significant price surges for XRP. He explained that an XRP ETF would give the crypto token an added utility as fund issuers for the XRP ETFs will direct their assets into an institutional liquidity hub.
He believes an XRP ETF will drive more demand for the crypto token, ultimately driving up its price when a supply shock occurs. Steingraber also believes that the Securities and Exchange Commission’s (SEC) lawsuit against Ripple is one of the factors suppressing XRP’s price.
He had earlier claimed that XRP’s price wasn’t going up because new money wasn’t flowing into its ecosystem and affirmed that the crypto token would likely see an influx of new money once the SEC’s case against Ripple is over. Steingraber isn’t the only one who believes that XRP’s price could skyrocket and climb to three figures once the lawsuit ends.
Crypto analyst JackTheRippler also predicted that XRP would rise above $100 once the case ends. The analyst even gave a more bullish prediction than Steingraber’s, stating that XRP hitting $10,000 was achievable after the lawsuit. Crypto analyst CryptoBull also predicted that XRP could reach three figures, rallying 28,900% to $154.
$XRP
Crypto analyst Chad Steingraber has made an ultra-bullish price prediction for the XRP price, stating that the crypto token’s price could rise to three figures. The analyst also outlined when this price target will be attained.
XRP Will Hit $250 In This Market Cycle
Steingraber mentioned in an X (formerly Twitter) post that XRP will reach $250 by 2025, which he believes will represent the market top for the crypto token in this bull run. He made this prediction while stating that Bitcoin and Ethereum will hit $250,000 and $25,000 in 2025, which will also be their market top.
Related Reading
Steingraber has previously provided several reasons why he is so bullish on XRP and believes the crypto token could attain such heights. He once alluded to a potential XRP ETF as one factor that could trigger significant price surges for XRP. He explained that an XRP ETF would give the crypto token an added utility as fund issuers for the XRP ETFs will direct their assets into an institutional liquidity hub.
He believes an XRP ETF will drive more demand for the crypto token, ultimately driving up its price when a supply shock occurs. Steingraber also believes that the Securities and Exchange Commission’s (SEC) lawsuit against Ripple is one of the factors suppressing XRP’s price.
He had earlier claimed that XRP’s price wasn’t going up because new money wasn’t flowing into its ecosystem and affirmed that the crypto token would likely see an influx of new money once the SEC’s case against Ripple is over. Steingraber isn’t the only one who believes that XRP’s price could skyrocket and climb to three figures once the lawsuit ends.
Crypto analyst JackTheRippler also predicted that XRP would rise above $100 once the case ends. The analyst even gave a more bullish prediction than Steingraber’s, stating that XRP hitting $10,000 was achievable after the lawsuit. Crypto analyst CryptoBull also predicted that XRP could reach three figures, rallying 28,900% to $154.
$XRP
Free gift code
BPHFURMGJX
Enjoy 😊
BPHFURMGJX
Enjoy 😊
Free code$FDUSD
Only for 10 users
Hurry up and enjoy
🎁BPHFURMGJX🎁
#redboxgift🎁 #FreeFDUSD #giftgiveaway
$FDUSD
Only for 10 users
Hurry up and enjoy
🎁BPHFURMGJX🎁
#redboxgift🎁 #FreeFDUSD #giftgiveaway
$FDUSD
FREE $FDUSD
First 10 users
Claim now
https://s.binance.com/jro9mISZ
Follow and share always for more
Thank you for your support
#FreeFDUSD #redgiveaway #claimRedPacket #FollowMeAndGetReward #RedpecketReward
First 10 users
Claim now
https://s.binance.com/jro9mISZ
Follow and share always for more
Thank you for your support
#FreeFDUSD #redgiveaway #claimRedPacket #FollowMeAndGetReward #RedpecketReward
$JASMY : The Path to a $1 Token
Jasmy is a #blockchain platform focused on data democratization and IoT integration, it has been gaining significant attention in the cryptocurrency market. With its unique approach to data security and the rapidly growing interest in IoT solutions, many analysts believe that Jasmy has the potential to reach $1 per token. This article explores the key factors driving this optimistic outlook and the potential road to achieving this milestone.
1. Innovative Technology and Vision
Data Democratization
Jasmy aims to decentralize data management, giving users control over their personal information. This vision resonates strongly in an era where data privacy is a major concern. By allowing users to own and monetize their data, Jasmy taps into a growing demand for secure, user-centric data solutions.
IoT Integration
The Internet of Things (IoT) market is expanding rapidly, with billions of devices expected to be connected in the coming years. Jasmy's platform is designed to securely manage and analyze data from IoT devices, positioning it as a key player in this burgeoning market.
2. Strong Partnerships and Ecosystem Growth
Collaborations with Industry Leaders
Jasmy has established strategic partnerships with major corporations and technology firms. These collaborations not only enhance its technological capabilities but also increase its credibility and market reach. Partnerships with companies in the IoT and data security sectors are particularly beneficial, as they help integrate Jasmy’s solutions into existing and new markets.
Developer and User Engagement
A robust ecosystem is essential for any blockchain project. Jasmy has been actively engaging with developers and users to build a vibrant community. Initiatives such as hackathons, developer grants, and educational programs are fostering innovation and adoption within the Jasmy #ecosystem
#jasmyrocket #Jasmyusdt⚠️⚠️ #JasmyCoin: #jasmyustd #Jasmyfan $JASMY
Jasmy is a #blockchain platform focused on data democratization and IoT integration, it has been gaining significant attention in the cryptocurrency market. With its unique approach to data security and the rapidly growing interest in IoT solutions, many analysts believe that Jasmy has the potential to reach $1 per token. This article explores the key factors driving this optimistic outlook and the potential road to achieving this milestone.
1. Innovative Technology and Vision
Data Democratization
Jasmy aims to decentralize data management, giving users control over their personal information. This vision resonates strongly in an era where data privacy is a major concern. By allowing users to own and monetize their data, Jasmy taps into a growing demand for secure, user-centric data solutions.
IoT Integration
The Internet of Things (IoT) market is expanding rapidly, with billions of devices expected to be connected in the coming years. Jasmy's platform is designed to securely manage and analyze data from IoT devices, positioning it as a key player in this burgeoning market.
2. Strong Partnerships and Ecosystem Growth
Collaborations with Industry Leaders
Jasmy has established strategic partnerships with major corporations and technology firms. These collaborations not only enhance its technological capabilities but also increase its credibility and market reach. Partnerships with companies in the IoT and data security sectors are particularly beneficial, as they help integrate Jasmy’s solutions into existing and new markets.
Developer and User Engagement
A robust ecosystem is essential for any blockchain project. Jasmy has been actively engaging with developers and users to build a vibrant community. Initiatives such as hackathons, developer grants, and educational programs are fostering innovation and adoption within the Jasmy #ecosystem
#jasmyrocket #Jasmyusdt⚠️⚠️ #JasmyCoin: #jasmyustd #Jasmyfan $JASMY
Terra Luna Classic Core Developer Submits Major Proposal, LUNC to $1?
Terra Luna Classic developer Genuine Labs proposes to become core developer of the chain. LUNC price set for major rally after breakout and golden cross.
HIGHLIGHTS
Terra Luna Classic developer Genuine Labs proposes to become managing team of LUNC repository.
The developer group seeks $10,000 per month in LUNC for maintenance and other related tasks.
LUNC price breakout above rectangular pattern followed by golden cross can set a massive rally to $1.
Terra Luna Classic developer Genuine Labs proposes to become the official core developer of the Terra Classic chain. The developer group believes the chain needs a team for code reviewing, PR merging, and maintenance and it has become critical after the JL1TF was disbanded
“”Copied””
#LUNC✅ #luncforever
$LUNC
Terra Luna Classic developer Genuine Labs proposes to become core developer of the chain. LUNC price set for major rally after breakout and golden cross.
HIGHLIGHTS
Terra Luna Classic developer Genuine Labs proposes to become managing team of LUNC repository.
The developer group seeks $10,000 per month in LUNC for maintenance and other related tasks.
LUNC price breakout above rectangular pattern followed by golden cross can set a massive rally to $1.
Terra Luna Classic developer Genuine Labs proposes to become the official core developer of the Terra Classic chain. The developer group believes the chain needs a team for code reviewing, PR merging, and maintenance and it has become critical after the JL1TF was disbanded
“”Copied””
#LUNC✅ #luncforever
$LUNC
JASMY Price Dips On Massive Dumping By Crypto Firm
JasmyCoin's price dipped after DWF Labs' massive dumping of tokens, highlighting the volatility and profit-taking activities that influence its market performance
JasmyCoin has caught the attention of investors with a remarkable surge of over 100% in the past 30 days. However, this rapid increase has also led to significant profit-taking activities in the crypto market. According to recent reports, a major crypto market maker, DWF Labs, has been unloading large amounts of JASMY tokens, resulting in a notable dip in its price
JASMY Price Dips Amid Massive Dump
According to SpotOnChain, an on-chain transaction tracking platform, DWF Labs has deposited 97 million JASMY, worth $3.3 million, into Binance over the past three days. Notably, the report highlights that DWF Labs has been selling JASMY daily during this period, with the last transaction occurring today.
Besides, the report also showed that each deposit was followed by a short-term price drop, indicating the impact of these large-scale transactions on the market. Currently, DWF Labs holds 24 million JASMY, valued at approximately $841,000.
However, despite the recent sell-off, DWF Labs has managed to secure a substantial profit. Their total profit from these transactions is estimated at $9.49 million, representing a remarkable 307% return on investment (ROI).
Meanwhile, this activity by DWF Labs has sparked a wave of profit-taking among other investors, contributing to the downward pressure on JASMY’s price. The market is now closely watching the actions of large holders, as their transactions can significantly influence price movements in the short term
$JASMY
#jasmyrocket
JasmyCoin's price dipped after DWF Labs' massive dumping of tokens, highlighting the volatility and profit-taking activities that influence its market performance
JasmyCoin has caught the attention of investors with a remarkable surge of over 100% in the past 30 days. However, this rapid increase has also led to significant profit-taking activities in the crypto market. According to recent reports, a major crypto market maker, DWF Labs, has been unloading large amounts of JASMY tokens, resulting in a notable dip in its price
JASMY Price Dips Amid Massive Dump
According to SpotOnChain, an on-chain transaction tracking platform, DWF Labs has deposited 97 million JASMY, worth $3.3 million, into Binance over the past three days. Notably, the report highlights that DWF Labs has been selling JASMY daily during this period, with the last transaction occurring today.
Besides, the report also showed that each deposit was followed by a short-term price drop, indicating the impact of these large-scale transactions on the market. Currently, DWF Labs holds 24 million JASMY, valued at approximately $841,000.
However, despite the recent sell-off, DWF Labs has managed to secure a substantial profit. Their total profit from these transactions is estimated at $9.49 million, representing a remarkable 307% return on investment (ROI).
Meanwhile, this activity by DWF Labs has sparked a wave of profit-taking among other investors, contributing to the downward pressure on JASMY’s price. The market is now closely watching the actions of large holders, as their transactions can significantly influence price movements in the short term
$JASMY
#jasmyrocket
BTC Halving Price History
18 days before 2012 halving, BTC was 46% down from ATH.
18 days before 2016 halving, BTC was 41% down from ATH
18 days before 2020 halving, #BTC was 62.5% down from ATH.
18 days before 2024 halving, BTC is 10% down from ATH.
Is this time gonna be different?
Follow me for more news and free giveaways
#Reposted #BitcoinHalvingDrama #giverway
$BTC
18 days before 2012 halving, BTC was 46% down from ATH.
18 days before 2016 halving, BTC was 41% down from ATH
18 days before 2020 halving, #BTC was 62.5% down from ATH.
18 days before 2024 halving, BTC is 10% down from ATH.
Is this time gonna be different?
Follow me for more news and free giveaways
#Reposted #BitcoinHalvingDrama #giverway
$BTC
RAMADAN GIVEAWAY RED PACKET FOR FREE
FOLLOW ME FOR MORE 🤑
THANK YOU
#RamadanRewards #RamadanWithBinance
FOLLOW ME FOR MORE 🤑
THANK YOU
#RamadanRewards #RamadanWithBinance
5 Million Wallets Are Holding Almost 60 Billion XRP Tokens
XRP, one of the top 10 largest digital currencies by market capitalization, has witnessed a new milestone, with a whopping 5 million wallets holding almost 60 billion XRP tokens amid a rallying digital asset market.
As per the latest data provided by an XRP Ledger explorer, XRPL Services, there are currently 5,090,851 wallets holding 59.87 billion XRP tokens. On the other hand, there are currently 1,595 wallets with 0 zero balances.
The data shows a remarkable boost in the adoption of XRP after a US judge ruled in 2023 that XRP was not a security when sold to retail investors. However, the token was termed a security when sold to institutional investors by Judge Analisa Torres.
As per the data from CoinGecko, XRP has gained 6.7% in the past week, followed by 65.9% in the past year. However, the digital currency has underperformed when compared to other tokens like Solana (SOL), which went up by 641% in the past year.
Notably, multiple analysts have predicted a rally for XRP tokens. Recently, a crypto trader identified as CoinsKid on social media platform X stated that the cryptocurrency is gearing up for a price surge while penning a “blow-off top theory.” CoinsKid stated that there is a strong possibility for XRP to skyrocket to $2 by July.Further, there have been talks of an XRP exchange-traded fund (ETF) as well, following the approval of eleven spot Bitcoin ETF applications in the United States.
In an interview with Bloomberg TV, Ripple CEO Brad Garlinghouse said that he is open to a spot XRP ETF, adding that the offering would legitimize the cryptocurrency’s place in the traditional finance world.
#TrendingTopic #XRP/USDT🔥🔥
$XRP
Leave your thoughts below 👇 in a comment about XRP
XRP, one of the top 10 largest digital currencies by market capitalization, has witnessed a new milestone, with a whopping 5 million wallets holding almost 60 billion XRP tokens amid a rallying digital asset market.
As per the latest data provided by an XRP Ledger explorer, XRPL Services, there are currently 5,090,851 wallets holding 59.87 billion XRP tokens. On the other hand, there are currently 1,595 wallets with 0 zero balances.
The data shows a remarkable boost in the adoption of XRP after a US judge ruled in 2023 that XRP was not a security when sold to retail investors. However, the token was termed a security when sold to institutional investors by Judge Analisa Torres.
As per the data from CoinGecko, XRP has gained 6.7% in the past week, followed by 65.9% in the past year. However, the digital currency has underperformed when compared to other tokens like Solana (SOL), which went up by 641% in the past year.
Notably, multiple analysts have predicted a rally for XRP tokens. Recently, a crypto trader identified as CoinsKid on social media platform X stated that the cryptocurrency is gearing up for a price surge while penning a “blow-off top theory.” CoinsKid stated that there is a strong possibility for XRP to skyrocket to $2 by July.Further, there have been talks of an XRP exchange-traded fund (ETF) as well, following the approval of eleven spot Bitcoin ETF applications in the United States.
In an interview with Bloomberg TV, Ripple CEO Brad Garlinghouse said that he is open to a spot XRP ETF, adding that the offering would legitimize the cryptocurrency’s place in the traditional finance world.
#TrendingTopic #XRP/USDT🔥🔥
$XRP
Leave your thoughts below 👇 in a comment about XRP
$300,000 Bitcoin in 2024: 'Rich Dad Poor Dad' Author Kiyosaki Drops Epic Price Prediction…
Renowned financial educator and author Robert Kiyosaki, famous for his bestselling book "Rich Dad Poor Dad," has once again made waves in the crypto space with his bold Bitcoin price prediction. Kiyosaki took to social media to express his unwavering confidence in the leading cryptocurrency, suggesting that Bitcoin's value could soar to $300,000 by the end of 2024.
Kiyosaki's bullish stance on Bitcoin comes amid the cryptocurrency's recent roller coaster ride on the markets. After reaching a new all-time high earlier this week, Bitcoin faced a significant sell-off, causing a momentary dip of over 14%. However, the cryptocurrency swiftly rebounded, fueled by strong buying pressure, and is currently trading at $66,000.BTC to USD by CoinMarketCap
The author's faith in Bitcoin as a hedge against inflation and economic instability has been consistent. Kiyosaki has repeatedly emphasized the importance of financial preparedness and diversification, advocating for assets like gold, silver and notably, Bitcoin.
BITCOIN on fire. The biggest mistake you can make is to procrastinate. Important to start, even if only for $500. Next stop $300,000 per BC in 2024— Robert Kiyosaki (@theRealKiyosaki) March 6, 2024
With his latest prediction, Kiyosaki is doubling down on his optimistic outlook for Bitcoin's future. He previously hinted at even loftier price targets, suggesting the cryptocurrency could reach half a million dollars by 2025 and potentially hit the million-dollar mark in the foreseeable future.
While Bitcoin's volatility remains a consideration for many investors, Kiyosaki's measured outlook underscores the growing confidence in its long-term viability as an investment asset. As the cryptocurrency market continues to mature, different perspectives offer valuable insights for individuals seeking to understand and capitalize on emerging opportunities in the digital asset space
$BTC
#TrendingTopic #BTC/USDT: #Kiyosaki
Renowned financial educator and author Robert Kiyosaki, famous for his bestselling book "Rich Dad Poor Dad," has once again made waves in the crypto space with his bold Bitcoin price prediction. Kiyosaki took to social media to express his unwavering confidence in the leading cryptocurrency, suggesting that Bitcoin's value could soar to $300,000 by the end of 2024.
Kiyosaki's bullish stance on Bitcoin comes amid the cryptocurrency's recent roller coaster ride on the markets. After reaching a new all-time high earlier this week, Bitcoin faced a significant sell-off, causing a momentary dip of over 14%. However, the cryptocurrency swiftly rebounded, fueled by strong buying pressure, and is currently trading at $66,000.BTC to USD by CoinMarketCap
The author's faith in Bitcoin as a hedge against inflation and economic instability has been consistent. Kiyosaki has repeatedly emphasized the importance of financial preparedness and diversification, advocating for assets like gold, silver and notably, Bitcoin.
BITCOIN on fire. The biggest mistake you can make is to procrastinate. Important to start, even if only for $500. Next stop $300,000 per BC in 2024— Robert Kiyosaki (@theRealKiyosaki) March 6, 2024
With his latest prediction, Kiyosaki is doubling down on his optimistic outlook for Bitcoin's future. He previously hinted at even loftier price targets, suggesting the cryptocurrency could reach half a million dollars by 2025 and potentially hit the million-dollar mark in the foreseeable future.
While Bitcoin's volatility remains a consideration for many investors, Kiyosaki's measured outlook underscores the growing confidence in its long-term viability as an investment asset. As the cryptocurrency market continues to mature, different perspectives offer valuable insights for individuals seeking to understand and capitalize on emerging opportunities in the digital asset space
$BTC
#TrendingTopic #BTC/USDT: #Kiyosaki
Shiba Inu Price Skyrockets 45%, Surges Past $0.000045: Here’s Why
The Shiba Inu price is going absolutely parabolic these days. Within the last 9 days, the SHIB price surged by more than 380%. Today, SHIB marked a two-year high at $0.00004574. Although the price suddenly dropped below $0.00002, marking a 54% within 2 hours, the price already recovered to above $0.000038. Here are four reasons driving the Shiba Inu price:#1 Bitcoin’s Rally And Its Implications For AltcoinsBitcoin’s price rally, particularly after the US Securities and Exchange Commission’s (SEC) approval of spot Bitcoin Exchange-Traded Funds (ETFs) in January, has set the stage for a broader cryptocurrency market rally. The approval not only enhanced Bitcoin’s legitimacy among traditional investors but also acted as a catalyst for its price to approach its all-time high.The Bitcoin halving event, anticipated in April, further adds to the bullish sentiment, as historical data suggest that halving events, which reduce the reward for mining new blocks by half, tend to lead to substantial price increases due to the reduced supply of new Bitcoins entering the market.The relationship between Bitcoin’s price movements and the altcoin market, including meme coins like Shiba Inu, is well-documented. Bitcoin’s rally has a “halo effect” on the broader market, creating a risk-on environment where investors are more willing to explore higher-risk assets, leading to increased investments in altcoins and meme coins.This phenomenon is further amplified by the Fear Of Missing Out (FOMO), as investors rush to capitalize on potential gains, driving up prices in a self-reinforcing cycle.#2 Market Psychology And Meme CoinsAs reported yesterday, meme coins like SHIB could be one of the hottest bets in this crypto bull run. Why? Andrew Kang, co-founder and partner at Mechanism Capital, offered an analysis of meme coin psychology.The appeal of meme coins lies in their ability to galvanize a community-driven speculative wave. Meme coins serve as a more accessible and globally available speculative vehicle compared to traditional stocks or more complex cryptocurrency projects.The characterization of meme coins as a “Skill-based Global Lottery Platform” by Kang encapsulates the unique blend of community effort, skill, and luck that defines their market dynamics. This communal aspect, coupled with the thrill of speculation, fosters a highly engaging and participatory market environment.Furthermore, the global accessibility and simplicity of meme coins make them an attractive entry point for new investors in the cryptocurrency market, thereby expanding the market base and increasing the liquidity and volatility of these assets. This broad appeal is crucial during bullish market phases, where the influx of new participants can significantly amplify price movements.#3 The Elon Musk EffectElon Musk, renowned for his significant influence on crypto markets, particularly with meme coins like Dogecoin and FLOKI, has once again made waves with his social media activities. On February 26, Musk hinted at returning to “meme grindstone,” indirectly impacting meme coins.While not mentioning SHIB directly, the timing of Musk’s tweet corresponded with a notable uptick in its market performance. Several meme coins started to rally on February 26. The market seems to have interpreted his tweet as an indication that the present moment is opportune for investing in DOGE and other meme coins such as SHIB.#4 Technical Breakout For Shiba Inu PriceThe Shiba Inu price exhibited a clear technical bullish setup. Last December, the price of SHIB surged past a two-year ascending triangle pattern and underwent a successful retest until early February. This development laid the groundwork for the substantial price surge, in conjunction with the previously mentioned factors.SHIB’s breakthrough past the 20-, 50-, and 100-week Exponential Moving Averages (EMAs) affirmed its strong bullish trend. After surpassing the August 2022 peak of $0.00001791, SHIB’s upward momentum became unstoppable.Source : NEWSBTC$SHIB $DOGE
Good luck everyone
Don’t forget to follow for more
Thank you
Link in profile
#redpack202🎁4 #redpacketshare #TrendingTopic #RedPacketGiveAway
Don’t forget to follow for more
Thank you
Link in profile
#redpack202🎁4 #redpacketshare #TrendingTopic #RedPacketGiveAway
Good luck
Don’t forget to follow please for more
Thank you 🙏☺️
Don’t forget to follow please for more
Thank you 🙏☺️
Thoughts 💭👀
Check profile for 🎁 redpacket free gift giveaway
Don’t forget to follow me for more
#Jasmyusdt⚠️⚠️
#TrendingTopic #JasmyTrading
$JASMY
Check profile for 🎁 redpacket free gift giveaway
Don’t forget to follow me for more
#Jasmyusdt⚠️⚠️
#TrendingTopic #JasmyTrading
$JASMY
Login to explore more contents