Table of Contents
- Ride The Wave of Innovation with ScapesMania
- Dogecoin (DOGE): Breaking Transaction Records
- Dorecoin (DOGE) Technical Analysis
- Dorecoin (DOGE) Price Forecast
- Shiba Inu (SHIB): Shibarium's Milestone and NFT Revolution
- Shiba Inu (SHIB) Technical Analysis
- Shiba Inu (SHIB) Price Forecast
- Bottomline
While Bitcoin appears to be in a dormant state above $52,000, signaling a possible pullback, the altcoin season is in full swing, which is particularly evident in the volatile realm of meme coins. Unlike previous seasons, where these coins have seen rapid and significant jumps, this time around, their pace is more measured. This slower approach might signal an impending bull run, especially as we approach the Bitcoin halving event, which is now just 8,776 blocks away.
The pre-halving rally is a moment ripe with opportunity, suggesting that now could be the ideal time to invest in top meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), before they potentially skyrocket. DOGE has shown a steady uptrend, with a 6% rise in the past week, though it's still striving to conclude the month on a high note. On the other hand, SHIB, buoyed by the success of its Shibarium project, is building on its February gains with a modest 2.5% increase over the week. Interestingly, over a 90-day period, Shiba Inu (SHIB) has outperformed Dogecoin (DOGE), suggesting a more stable medium-term growth trajectory.
Amidst this landscape, a new player, ScapesMania (MANIA), is also making waves. Although its presale stage has concluded, the crypto community is eagerly anticipating its upcoming Token Generation Event and subsequent listing on decentralized exchanges.
Ride The Wave of Innovation with ScapesMania
The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token's value might increase exponentially in the future.
The spotlight has shifted to the Token Generation Event (TGE) coming up on February 25 – March 09. The pool of tokens is smaller than it was before, the conditions are better than the market average, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away.
Your Last Chance to Boost Potential Returns Post Listing
The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters while also ensuring a high level of community engagement. Through DAO governance, backers will be able to influence and benefit from a growing industry.
Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the multi-billion casual gaming industry, it leverages the market's growth potential. Post-debut, holders can anticipate greater liquidity and easier trading. A solid token management plan will further increase longer-term growth potential.
The community's excitement about the project is evident so far: the follower count has reached 60K+. Also, the growing interest from crypto whales with deposits of $20,000+ might expedite ScapesMania's transition from niche to mainstream.
ScapesMania's smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the PancakeSwap listing is on the horizon, with CEX listings still in the works.
ScapesMania is also notable for a great cliff vesting structure to prevent token dumping, making sure that supply and demand are well-matched for potential growth.
Make sure you don't pass up the opportunity to leverage all discounts and potentially beat the market with the TGE fast approaching. Be quick if you want to be the first one in line for all the post-listing opportunities, which might be quite lucrative.
>>> TGE ALERT – Keep Up With Latest News <<<
Dogecoin (DOGE): Breaking Transaction Records
Dogecoin (DOGE) showed signs of a robust recovery from its recent decline, bolstered by a 140% surge in trading volume. The increased trading activity propelled DOGE back into the top 10 cryptocurrencies by market capitalization. Since late January, particularly around January 30, the network has consistently recorded more than 1 million transactions daily, with a peak nearing 2 million transactions. The flurry of activity reported by IntoTheBlock highlighted a significant uptick in Dogecoin's (DOGE) ecosystem, correlating closely with its price movement.
Dorecoin (DOGE) Technical Analysis
From a technical standpoint, DOGE is currently trading between its first support at $0.0805 and first resistance at $0.0894.
Source: TradingView
The Exponential Moving Averages (EMA) paint a promising picture, with the 10-day EMA at $0.0871 slightly above the current price, while the 50-day and 200-day EMAs at $0.0848 and $0.0826, respectively, provide a bullish backdrop.
The Relative Strength Index (RSI) at 53.27 suggests that Dogecoin (DOGE) is neither overbought nor oversold, offering room for movement in either direction.
Additionally, the Stochastic %K at 48.82, alongside a moderate Average Directional Index (ADX) of 30.12 and a Commodity Channel Index (CCI) of 54.1, indicate a potential for momentum build-up.
The MACD level at 0.0009 and Momentum at 0.0011 further support the potential for price changes.
Dorecoin (DOGE) Price Forecast
Looking at potential scenarios, the bullish case for Dogecoin (DOGE) could see it breaking past $0.0894 and aiming for the next resistance levels at $0.0932 and $0.1021, bolstered by factors such as the speculated collaboration with Ferrari and whales' accumulation of millions of DOGE. The Dogecoin Foundation's vision to expand DOGE's utility through the integration with e-commerce platforms like Shopify and other online merchants can also fuel a sustained upward trajectory.
On the flip side, a bearish scenario might emerge if DOGE fails to sustain its momentum, potentially leading it to retest its first support level at $0.0805. Further decline could see it approaching the lower support lines at $0.0754 and $0.0665, influenced by market sentiment and broader crypto market trends.
Shiba Inu (SHIB): Shibarium's Milestone and NFT Revolution
The recent update from the Shibariumscan explorer revealed that Shibarium, the layer-2 blockchain designed for Shiba Inu (SHIB), has achieved two major milestones, signaling a substantial expansion in its utility. This includes setting a new transaction record with over 360 million SHIB transactions, and an impressive surge in daily transactions, reaching three million. Additionally, the Shiba Inu (SHIB) team is innovating with the introduction of Sheboshis NFTs on the new ERC-404 standard, aimed at the female segment of the SHIB community. Upgrades to the Shiba Eternity game and enhancements in play-to-earn features also paint an optimistic picture for Shiba Inu's (SHIB) future.
Shiba Inu (SHIB) Technical Analysis
From a technical standpoint, SHIB is currently navigating between its first support level at $0.00000928 and the first resistance level at $0.00001012.
Source: TradingView
The EMAs are showing a convergence, with the 10-day EMA at $0.00000982, 50-day EMA at $0.00000969, and the 200-day EMA at $0.00000946, indicating a potential for price consolidation.
The RSI at 55.5 suggests a neutral market sentiment, while the Stochastic %K value at 64.9 points to increasing buying pressure.
However, the low ADX of 15.2 implies a lack of strong trend, and the MACD level and Momentum indicators are showing minimal positive divergence, suggesting cautious optimism.
Shiba Inu (SHIB) Price Forecast
Looking at the potential scenarios, the bullish case for Shiba Inu (SHIB) would involve breaking through $0.00001012 and aiming for the higher resistance levels of $0.00001051 and $0.00001135. This upward movement could be fueled by the increasing utility and transaction volumes on Shibarium, coupled with the anticipated integration of Sheboshis NFTs and enhancements in the Shiba Eternity game.
On the flip side, a bearish scenario would see SHIB retracing back to its support levels, particularly if it fails to sustain the current buying momentum. A drop below $0.00000928 could lead to tests of lower supports at $0.00000883 and $0.00000799.
Bottomline
As the altseason rolls in, Dogecoin (DOGE) and Shiba Inu (SHIB) are standing out with notable developments and promising technical indicators. DOGE, rejuvenated by a surge in trading volume, is oscillating between key support and resistance levels, poised for potential upward momentum. Meanwhile, SHIB, fueled by Shibarium's record-breaking transactions and the launch of Sheboshis NFTs, is also trading between crucial technical markers, hinting at possible price consolidation with a side of cautious optimism. Both Dogecoin (DOGE) and Shiba Inu (SHIB), in the limelight of the pre-halving rally, present intriguing scenarios for investors, balancing on the edge of bullish and bearish trends as they navigate through a market ripe with opportunities and challenges.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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