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Shiba Inu MACD Shows Strength as SHIB Looks to Breach $0.00003768 Upon Recent Breakout

Sam Wisdom Raphael
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Shiba Inu MACD Shows Strength as SHIB Looks to Breach $0.00003768 Upon Recent Breakout

The Shiba Inu (SHIB) MACD Shows strength on the 1-hour timeframe, with the crypto asset looking to breach the $0.00003768 resistance following a recent breakout.

Shiba Inu has fallen into a consolidation phase amid the ongoing market uncertainty. This consolidation comes two weeks after the crypto asset collapsed from the $0.00004567 high on March 5. However, market data suggests SHIB could be regaining its strength.

SHIB’s Downward Trendline

When Shiba Inu dropped from the $0.00004567, it slipped into a downtrend that persisted as the month progressed. The downtrend was further exacerbated by the broader market drop, as SHIB continued to record lower highs each day. 

The cryptocurrency’s first attempt to break out of this downward trend came up on March 14, when it spiked to a high of $0.00003487. However, SHIB witnessed opposition from the bears at this level, further slumping 22% in the two days that followed amid Bitcoin’s (BTC) collapse.

Shiba Inu Retests Trendline
Shiba Inu Retests Trendline

SHIB continued to trade underneath the downtrend until March 20, surging by 11.49% to retest the resistance at the downward trendline. The asset eventually broke out of the downtrend yesterday, but dropped this morning to $0.00002653, as it retested the support at the trendline.

Shiba Inu MACD Shows Strength

With Shiba Inu now trading for $0.00002695, the crypto asset trades at a delicate position. Its next direction from here could represent a push toward new highs or a drop below the $0.00002695 support. Should the latter occur, SHIB could slip into the supply box, with $0.00002366 acting as its next major support.

However, switching to the 1-hour timeframe, Shiba Inu’s market data shows some bullish signals for the short term. For instance, the cryptocurrency’s MACD has moved beyond 0, indicating short-term strength. In addition, the MACD line (blue) is flashing a buy signal, having crossed the signal line (orange).

Shiba Inu 1H MACD
Shiba Inu 1H MACD

Moreover, for the long term, data confirms that Shiba Inu still has room for growth. Readings from SHIB’s momentum oscillators, the relative strength index (RSI) and the commodity channel index (CCI), reveal that the asset is far from overbought territories.

Remarkably, despite Shiba Inu currently trading at an impressive 23-month high, the token’s daily RSI currently sits at 55.17, suggesting a potential for more upward momentum. In addition, SHIB’s CCI of -54 indicates that it currently trades below the average price.

Shiba Inu Daily RSI and CCI
Shiba Inu Daily RSI and CCI

If SHIB records an upward push from this position, it will meet its first major resistance zone between $0.000030 and $0.00003078. Breaching this level would bring the $0.00003161 resistance into play, with a push above this level potentially leading to the recapture of $0.00003768.

Ripple CTO Issues Crucial Warning About an Ongoing Scam

Mark Brennan
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Ripple CTO Issues Crucial Warning About an Ongoing Scam

The Ripple CTO David Schwartz has warned investors about an ongoing scam targeting users of the defunct crypto trading platform FTX.

As bankrupt cryptocurrency exchange FTX gets closer to repaying some of its customers, many bad actors have seized the opportunity to target unsuspecting users. Ripple’s chief technology officer, David Schwartz, recently warned of this ongoing attempt and urged users to exercise caution. 

According to Schwartz, many FTX customers have received phishing emails from people who claim that they need to take action regarding their claims in the bankrupt exchange. These bad actors typically act on customers’ fear of missing out on their claims and may urge them to connect their crypto wallet to verify their eligibility or fast-track the claim process.

However, these are attempts to siphon user funds. In an effort to protect customers from this scheme, the Ripple CTO shared an official link to the FTX claims page. The page allows users to check the status of their claims, view their FTX balances and submit their claims at the time the window was still open. 

The claims deadline ended on September 29, 2023, with the exchange now processing customer claims and liquidating assets to facilitate the payback. Ripple itself reportedly has $11 million in claims from the FTX bankruptcy estate.

Ripple CTO Watches Out for XRP Community

On several other occasions in the past, David Schwartz had published similar warnings, potentially saving users from losing thousands of dollars in an industry rife with fraudsters.

In January, David Schwartz issued a warning about malicious links designed to steal NFTs from OpenSea users. Last year, he also alerted the XRP community to potential scammers advertising airdrops tied to Ripple’s court victory over the SEC.

While the Ripple CTO is not against the idea of users earning passive income with their XRP assets, he has also issue warnings about potential impermanent loss with the upcoming XRP Ledger AMM amid the heightened excitement.

XRP Bullish Forecast: Pundit Predicts $5 Feasible for XRP

Abdulkarim Abdulwahab
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XRP Bullish Forecast: Pundit Predicts $5 Feasible for XRP

Jake Gagain, with 244K followers on X, has joined the growing list of market watchers who expect XRP to attain the $5 price point in this bull run.

This viewpoint was articulated as part of Gagain’s recent analysis examining the prospective price trajectories of various tokens, particularly looking ahead to 2025. XRP was among the top crypto projects for which he issued potential price targets.

$5 XRP is Realistic by 2025

With a month to go before the Bitcoin halving, Gagain voiced his views on the likely price targets of assets like XRP before and after the halving events. The analyst first pointed out that XRP still holds its six-year-old all-time high (ATH) due to the SEC’s lawsuit.

Gagain argued that XRP might not set a new record high immediately following the halving but instead during the peak of the bull run, especially if Ripple prevails in the legal battle against the SEC.

In parallel, he expressed that a $5 target for XRP is pretty realistic for the asset during this season’s peak.

At press time, XRP exchanges hands at $0.6344, having rallied by 4.55% within the past day. Essentially, Gagain expects XRP to expand by nearly seven-fold through this bull market, specifically in 2025.

Other Analysts See $5 in Short-term

Meanwhile, Gagain is hardly the only pundit projecting a $5 target for XRP this season. Nick, the founder of Web3Alert, has echoed a comparable but more ambitious sentiment. He suggested that a $10 target for XRP this season is also feasible.

Unlike Gagain and Nick, who foresee the $5 to $10 target as achievable around 2025, some other analysts view these targets as potentially attainable in the short term.

For instance, prominent analyst Dark Defender has claimed that XRP is currently on track to reach $5.85 in the upcoming weeks, expecting “solid strikes.” Although Dark Defender has also set lower targets ranging from $1 to $2.3 for the near term, he concurrently includes $5.85 among his short-term objectives for XRP.

Meanwhile, EGRAG, another prominent market watcher, has boldly asserted that the crypto market could see an aggressive surge for XRP that would send its price to $17 this month. EGRAG’s ambitious target for XRP this cycle is $27.

With various analysts issuing similar commentaries on XRP’s potential outlooks, the threshold XRP would attain remains to be seen.

Shiba Inu Highlights How Binance Empowers SHIB Holders

Lele Jima
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Shiba Inu Highlights How Binance Empowers SHIB Holders

In an exciting development, the team behind the Shiba Inu ecosystem has highlighted how Binance empowers SHIB holders through its payments platform, dubbed Binance Pay. 

The team made this known in the 17th edition of Shib Magazine, released on March 20, 2024. Although the publication was issued recently, it is imperative to note that Binance Pay added support for Shiba Inu in November 2022.

 

Since the integration, Binance Pay has collaborated with top payment providers to enable its users to purchase goods and services using SHIB and other supported cryptocurrencies. 

Binance Empowering SHIB Holders 

With the prices of various crypto assets skyrocketing over the past weeks, the team emphasized that SHIB holders can use some of their profits to purchase real-world items using Binance Pay.

Recall that SHIB spiked to around $0.000045 earlier this month, with many investors making profits. Interestingly, the Shiba Inu ecosystem team recommended that people channel some SHIB profits to purchase their favorite goods and services via Binance Pay without converting the asset to fiat.

Per the publication, Binance Pay allows SHIB holders to shop across top e-commerce platforms, travel to their favorite destinations, and purchase gift cards for their loved ones.

It emphasized that SHIB holders can conduct these transactions without paying gas fees.

Shiba Inu Adoption as Payment Method Spikes

Furthermore, the magazine highlighted two significant feats Shiba Inu has achieved since its integration on Binance Pay.

Firstly, it noted that Shiba Inu-related transactions on Binance Pay skyrocketed by over 30% year-over-year (YoY) between 2022 and 2023.

Secondly, Shiba Inu also ranked among the top 6 most popular crypto assets by transaction count on Binance Pay within this period.

Top Partnerships Fueling SHIB Adoption as a Payment Method

Launched in February 2021, Binance Pay is a contactless payment technology that allows users to facilitate payments using crypto assets. In addition to Shiba Inu, Binance Pay supports over 80 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB).

Binance has entered into key partnerships to drive Shiba Inu’s adoption as a payment method. For instance, it partnered with CoinGate last year in a strategic move that allows Shiba Inu holders to make payments across more than 200 CoinGate-powered merchants.

Thanks to a 2023 partnership between Binance and Bahrain real estate developer Bin Faqeeh, Binance Pay users could purchase real estate properties using Shiba Inu.

Shiba Inu is also accepted as a payment method across eligible stores in France, following a partnership between Binance and Ingenico. In Georgia, Binance collaborated with CityPay.io to allow SHIB holders to use the token as a payment method across over 600 reputable vendors.

You can also make payments in SHIB through Binance Pay in nine Latin American countries, including Colombia, Mexico, and Argentina.

Shiba Inu will continue to be widely adopted as a suitable payment method as Binance partners with more payment providers and merchants.

XRP Holders on Coreum Spike 2,287% Hours After XRPL-Coreum Bridge Launch

Sam Wisdom Raphael
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XRP Holders on Coreum Spike 2,287% Hours After XRPL-Coreum Bridge Launch

The number of XRP holders on the Coreum network has skyrocketed by 2,287% less than two days after the two-way bridge between the XRP Ledger (XRPL) and Coreum launched.

Blockchain interoperability remains one of the most prevalent issues in the broader crypto ecosystem. Amid the concerns and risks associated with transferring value between two chains, the Coreum team has come up with a way to bolster interoperability with the XRPL.

XRPL-Coreum Bridge Now Open to the Public

They disclosed in a recent post on X that the XRPL-Coreum bridge is finally operational on the native Sologenic decentralized exchange (DEX), with public access now live. 

The disclosure came up a week after The Crypto Basic confirmed that the team had developed the bridge. While the bridge’s functionality was already live then, public access was limited, with only 4.1 XRP moved from the XRPL to the Coreum network at the time. 

In the latest development, the bridge is now open to public access. Remarkably, after barely 38 hours, the bridge has witnessed massive adoption. Notably, at the time of the announcement on March 20, there were only 8 XRP holders in the Coreum ecosystem.

XRP Holders on Coreum Spike 2,287%

This figure has increased to 191 at the reporting time, indicating that XRP holders on Coreum increased by 2,287.5% in less than two days. In addition, the total number of XRP bridged to Coreum has spiked to 57,191 tokens. 

The XRPL-Coreum two-way bridge is an avenue through which the XRPL ecosystem could connect to the outside world. In its initial efforts, the Coreum team first launched a bridge capable of facilitating the movement of COREUM, the native asset of the Coreum network, to the XRP Ledger. 

While this bridge mechanism was a resounding success, witnessing the movement of 37 million COREUM from the XRPL to Coreum as of December 2023, its functionality was limited to a one-way path and a single asset use case. 

The Coreum team revealed plans to expand the functionality of the bridge to allow a two-way path with the XRPL and use of multiple assets. With the recent advancement, users can now transfer XRP and other assets between the XRPL, the Coreum ecosystem and the Osmosis ecosystem.

How to Bridge XRP from XRPL to Coreum

So far, the only platform the Coreum team has presented for the bridge is the Sologenic DEX. To use the DEX, you must first connect the self-custodial wallet with which you have stored your XRP tokens to the DEX. This self-custodial wallet could be the Xaman app, a Ledger device, or the D’Cent wallet.

Once you have connected the wallet to the Sologenic DEX, then follow these steps:

  • Go to Sologenic.org, move to dApps, and click on “Bridge.”
  • Once on the Bridge interface, you’ll get an option to either move XRP between XRPL and BNB Chain or move XRP between XRPL and IBC Chains. Click the latter.
  • After clicking on the XRPL and IBC Chains options, you’ll need to connect your Cosmos wallet to the Sologenic DEX. The Cosmos wallet could be the Cosmostation, a Keplr, or a Leap wallet.
  • Once you connect your Cosmos wallet, you can then choose the asset you wish to move from the XRPL to Coreum. The choices include OSMO, USDC, USDT, XRP, SARA, and CORE. Select XRP.
  • Next, enter the amount of XRP you wish to move, and then fill in the Coreum address you wish to receive the XRP tokens. If this address is the same as the Osmosis wallet you previously connected, just click “Connect to Autofill.”
  • After this, click on “Continue” and accept the disclaimer. You will then receive a prompt to sign in with the XRP wallet you previously connected. Go to the wallet and scan to approve the transaction.

Once you approve the transaction, your XRP tokens will move to Coreum in a few minutes. CoreumPower, a Coreum community-based X account, noted that it took three minutes to bridge XRP to Coreum and 20 seconds to move XRP from Coreum back to the XRPL.

Ripple CEO Confident Like XRP, SEC Will Lose to Ethereum

Lele Jima
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0
Ripple CEO Confident Like XRP, SEC Will Lose to Ethereum

Brad Garlinghouse believes the SEC will lose the war against Ethereum, as it lost against XRP.

Ripple CEO Brad Garlinghouse has taken to the X platform to react to reports of the U.S. SEC pursuing a legal campaign to classify Ethereum (ETH) as a security.

In an X post today, Garlinghouse emphasized that the SEC has suffered significant losses in courts while trying to engage the crypto industry in legal disputes.

He added that since the regulator has not successfully won its fight against the industry, it is now engaging in legal disputes with its sister agency, the U.S. CFTC.

Garlinghouse raised a rhetorical question asking when the SEC would recognize that it would lose the war to classify ETH as a security as it did against XRP.

The Ripple CEO made this known while reacting to Coinbase’s CLO Paul Grewal’s comment on the matter. As reported yesterday, Grewal declared support for Ethereum and highlighted some facts showing why ETH is not a security.

SEC Failed to Classify XRP as a Security

It bears mentioning that the SEC was unsuccessful in its attempt to categorize XRP as a security. Recall that the SEC attempted to place XRP under its jurisdiction in 2020 when it charged Ripple with offering the coin as an unregistered security to U.S. investors.

The regulator maintained this theory for over two years until July 2023, when U.S. District Judge Analisa Torres declared that XRP is not a security in itself.

Judge Torres also held that most XRP-related transactions conducted by Ripple, including programmatic sales and other distributions, did not constitute investment contracts- a special type of security.

Conversely, the SEC recorded a major victory in the summary judgment when the court found that Ripple violated the law through its institutional sales of XRP. The penalty for the violation will be addressed in the remedies phase of the case.

Notably, the SEC will file its opening brief regarding remedies today, March 22. However, the motion will remain sealed until March 26, when it will be filed in the public docket.

SEC Attempts to Elevate Itself as Main Regulator for Crypto

Meanwhile, since the SEC’s attempt to classify XRP as a security ended in futility, the commission has been on a campaign to place the entire U.S. crypto industry under its jurisdiction. To achieve this goal, the SEC has sued several exchanges, like Binance and Coinbase, while putting the securities tag on various crypto assets, including SOL, MATIC, and ADA.

Its latest attempt to label ETH as security has shocked crypto enthusiasts, given that the commission had previously admitted through its top officials that Ethereum does not fall under its regulatory purview.

Bill Hinman, former director of corporate finance, shared this sentiment in his infamous speech in 2018, in which he noted that ETH is not a security.

Based on its admission, the CFTC has operated under the notion that Ethereum, alongside Bitcoin, is a commodity. Consequently, ETH’s futures contracts have been listed on CFTC-registered exchanges, including the Chicago Mercantile Exchange (CME).

Hopes of Ethereum ETF Approval Fades

Should the SEC succeed in classifying ETH as a security, it would mitigate the chances of a spot-based Ethereum ETF launching anytime soon.

Crypto enthusiasts have been optimistic that the regulator would approve an ETF for Ethereum this year, as it did for Bitcoin in January.

Top experts projected that the approval would come by May 2024. However, investors’ hopes of seeing an Ethereum spot ETF launch in May are fading as the SEC moves to bring ETH under its regulatory purview.

Shiba Inu: Shibarium Memecoin DAMN Burns BONE with Each Transaction

Sam Wisdom Raphael
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Shiba Inu: Shibarium Memecoin DAMN Burns BONE with Each Transaction

Sol Killer (DAMN), a newly-launched memecoin on the Shiba Inu layer-2 network Shibarium, has burned its liquidity pool (LP), with a mechanism to burn BONE, the Shibarium gas token, in each transaction.

Token burns can assist a project, as they help to reduce an asset’s supply, bolstering its value when combined with increased demand. The team behind DAMN recognizes this and has pushed to attract investors’ attention with an elaborate burn campaign.

DAMN was introduced to Shibarium by Woofswap, a decentralized exchange built atop the layer-2 network. Shortly after it began trading publicly, the token immediately garnered significant attention, soaring 39% within 24 hours to become a top gainer on DEXTools.

DAMN Burns BONE with Each Shibarium Transaction

Amid the early success, the team behind the project has continued to take measures to attract more demand, with the recent incineration of its liquidity pool as one of these avenues. Woofswap confirmed in a recent post on X that the team has successfully burned the LP.

Following the monumental burn transaction, Woofswap shared the address wherein the public could find the handling resulting from the burn. Interestingly, data from Shibariumscan confirms that the address contains DAMN and BONE, as the project has continued to incinerate both tokens.

Significantly, every transaction that a network participant carries out involving DAMN burns DAMN and BONE, contributing to the deflationary trend of both tokens. Per Shibariumscan data, the project has now burned 35.5 million DAMN and 3,179 BONE tokens in just a few days.

However, some community members have pointed out that the Etherscan data does not reflect the burned BONE tokens. Shiba Inu proponent and crypto YouTuber Randomartz clarified that this is because the project has been carrying out these BONE burns on the Shibarium layer-2.

Notably, when network participants bridge BONE from Ethereum (layer-1) to a Shibarium (layer-2), Shibarium mints a wrapped form of BONE equivalent to the tokens, and then Ethereum keeps the actual BONE in the bridge contract. With the BONE on Shibarium now burned, the tokens on the bridge remain stuck forever.

Woofswap’s Contributions to Shiba Inu

Speaking on the efforts from Woofswap, the team behind DAMN, content marketing specialist Lucie noted that they have contributed to the surge in Shibarium transactions, as the network’s total transaction count recently breached the 412 million mark. 

According to Lucie, Woofswap was also instrumental in driving Gate.io’s support for Shibarium. The Crypto Basic reported in January that prominent exchange Gate.io had integrated Shibarium, allowing network participants to withdraw BONE to Shibarium easily 

Lucie further emphasized that Woofswap had now deployed DAMN to assist with connecting network participants to Shibarium. The marketing specialist applauded the team’s efforts to burn BONE and DAMN.

Shiba Inu: Here are Projected Timelines for BONE to Hit $2.2 

Lele Jima
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Shiba Inu: Here are Projected Timelines for BONE to Hit $2.2 

Top crypto analytical platforms CoinCodex and Telegaon release predictions regarding when the Shiba Inu ecosystem token Bone ShibaSwap (BONE) would hit $2.20. 

BONE, the governance token of the Shiba Inu ecosystem and official gas token of Shibarium, gained the crypto community’s attention this week after its price spiked 26% to $1.09 on March 18. 

Following its Monday rally, famous analyst $SHIB Knight projected that the asset would “pump more” and possibly reach the coveted price of $3. 

However, some analysts believe that BONE would need to breach the $2.20 resistance before making its way to the $3 threshold.

Meanwhile, BONE has lost most of the gains it secured on Monday, now changing hands at $0.83. Based on its current price, the token must rally 165% to breach the $2.20 resistance.

Potential Timeline for BONE’s Rally to $2.20 

Notably, The Crypto Basic has compiled the predictions of two analytical firms regarding when BONE would break the $2.20 resistance. 

CoinCodex Prediction 

Projections from popular market tracker CoinCodex suggest that BONE could hit the $2.2 price level this year. The crypto analytic platform expects the token to achieve this feat within the next 30 days. 

According to the prediction, BONE would surge to $2.71 by April 19, an increase of 23.18% from the $2.20 price level. The platform further sees BONE recording its yearly high of $2.85 on June 18.

In addition, CoinCodex expects BONE’s yearly high for 2025 to be around $3.90, up 30% from $SHIB KNIGHT’s $3 prediction. BONE’s yearly highs for 2026, 2027, and 2028 are set at $2.19, $1.54, and $2.63, respectively. 

Telegaon’s $2.20 Forecast For BONE 

Meanwhile, leading analytical firm Telegaon expected BONE to breach the $2.20 resistance last year. Its closest prediction to $2.20 was to play out last year if the token had reached an average price of $2.34.

However, BONE failed to reach Telegaon’s 203 target, as the token traded below $2 for most of last year. For this year, Telegaon set BONE’s minimum price at $3.34 and its average price around $4.62. Interestingly, Telegaon expects BONE to surge to a maximum price of $5.24 this year. 

Potential Catalysts For BONE’s Surge to $2.20

While the analytical platforms did not shed light on how BONE could hit the $2.20 target, certain factors could help the token achieve this feat. 

Potential Listing on Binance 

Notably, BONE is only listed on OKX and Gate.io platforms out of the top 10 global crypto exchanges. At press time, the major target exchange is Binance. Top Shiba Inu community members believe that the token could rally to unprecedented levels if it goes live on Binance. 

Consequently, the community has been involved in campaigns to have BONE listed on Binance. This includes voting for BONE on the Binance Futures platform to position the token for a potential listing on the exchange. 

Growing Adoption of Shibarium  

It is common knowledge that BONE is Shibarium’s official gas token. This implies that Shibarium users are expected to pay gas fees in BONE to execute transactions on the L2 blockchain.

As more users adopt Shibarium, its native token, BONE, is also used to execute transactions on the network, thus setting it up for a potential rally. 

Monumental Gains Await With Milei Moneda Presale While Traders Watch Arbitrum And Toncoin For New Market Opportunities

Esra Zuhal
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0
Monumental Gains Await With Milei Moneda Presale While Traders Watch Arbitrum And Toncoin For New Market Opportunities
  • The public presale of Milei Moneda ($MEDA) offers massive returns.
  • Arbitrum’s (ARB) token release may cause high volatility and price impact.
  • Toncoin (TON) surges 75% on IPO plans by Telegram founder.

Investors are buzzing with excitement as the public presale of Milei Moneda ($MEDA) is underway, while traders keep a close eye on Arbitrum (ARB) and Toncoin (TON) for potential market opportunities. With its innovative features and massive growth potential, Milei Moneda ($MEDA) is offering investors substantial investment returns in its presale. But what sets Milei Moneda apart from other altcoins? Read on to find out! 

Economize Like Milei: Invest in $MEDA!

Arbitrum (ARB) vs. Toncoin (TON)

While Arbitrum (ARB) has seen an impressive 54.1% price increase so far in 2024, its upcoming token release poses significant risks. Arbitrum (ARB)  is set to unleash 1.11 billion tokens, accounting for 76.62% of its current circulating supply. This token unlock could introduce unprecedented volatility, as it will drastically impact the price of Arbitrum (ARB).

Similarly, Toncoin (TON) has surged over 75% in the past month, with its crypto market cap increasing from $9.5 billion to $15.5 billion. This impressive spike in the value of Toncoin (TON) followed Pavel Durov, founder of messaging app Telegram, announcing plans for an initial public offering (IPO).

Although Arbitrum (ARB) and Toncoin (TON) have seen recent price boosts, traders seeking emerging opportunities may want to research low market cap projects like Milei Moneda ($MEDA). This particular cryptocurrency holds the potential to deliver substantial returns.

Milei Moneda: A Golden Opportunity for Investors

The presale of Milei Moneda ($MEDA) has generated immense attention among crypto enthusiasts, with many experts predicting monumental gains for early-stage investors. This unique meme coin stands out from new ICOs not only for its explosive potential but also for its innovative features.

Milei Moneda ($MEDA) stands at the intersection of humor, politics, and cryptocurrency, creating a platform that cleverly satirizes Argentina’s president and anarcho-capitalist, Javier Milei. By celebrating radical economic ideas, this project aims to build a vibrant community of like-minded individuals.

With a total token supply of 500,000,000 and Ethereum as its foundation, Milei Moneda ($MEDA) is poised to make a global impact. The distribution breakdown of $MEDA tokens allocates 60% to the public, 15% to liquidity, 15% to marketing and rewards, and 5% each to burn and airdrop initiatives.

Moreover, the presale is currently in its Stage 1, offering $MEDA tokens at an altcoin price of $0.010. This presents a once-in-a-lifetime crypto adventure for investors seeking significant gains, as the token is set to launch at $0.020, realizing 100% returns. The vesting schedule of Milei Moneda ensures a gradual release of $MEDA tokens, with 25% becoming available every week for four consecutive weeks.

Economize Like Milei: Invest in $MEDA!

Conclusion 

As the Milei Moneda ($MEDA) presale generates excitement with its potential for monumental gains, traders are keeping a close eye on Arbitrum (ARB) and Toncoin (TON) for new market opportunities, as both coins are set to experience volatility soon. While these established tokens show promise, exploring low market cap projects like Milei Moneda could unlock even greater returns for savvy investors.

Got $MEDA curiosity? Visit us or chat on Telegram for the inside scoop. Fast, fun, and informative!

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Shiba Inu: Shibarium Meme Coin on Steady Uptrend, Rallying 523% Since Launch

Abdulkarim Abdulwahab
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0
Shiba Inu: Shibarium Meme Coin on Steady Uptrend, Rallying 523% Since Launch

DAMN, the recently launched meme coin on Shiba Inu’s Shibarium blockchain, has continued to garner market-wide attention, recording over five-fold growth in under three days of launch.

Members of the Shiba Inu Army are demonstrating their formidability as the new meme coin in the community continues to record staggering metrics in its first few days of existence.

Shibarium Meme Coin Rockets 523%

According to statistics from the crypto tracking DexScreener, the Shibarium meme coin DAMN has recorded an astonishing 201% gain in the last 24 hours. This surge puts its press time price at $0.00007674 and 0.00008208 against its trading pair, WBONE.

Meanwhile, the DAMN token has established an all-time high of $0.00009511 on Wednesday. Upon setting this peak point, the meme coin attained a market valuation exceeding $6.5 million.

Shiba Inu community member Dorry called attention to the development in a recent post on X. He remarked, “DAMN looks like the start of a nice J-Curve.” 

Considering the Shibarium meme coin bottomed at $0.00001526 on Monday, its recent peak translates to a growth rate of 523.26% within three days.

Also, Shiba Inu content marketer Lucie has commented on DAMN’s performance. She expressed shock and awe at how quickly the asset has more than doubled within the short span. 

DAMN Will Last More than Solana Meme Coin

In an earlier update, Lucie urged DAMN to delete a decimal place, given that the asset has been on a steady uptrend since launch. Trading at $0.00007674, DAMN is merely a 30% rally shy of deleting a zero.

Moreover, the Shiba Inu representative voiced confidence that the new Shibarium meme coin will endure and position itself in the crypto space. She believes DAMN will be a different narrative from the trend observable with meme tokens on Solana.

“The Shibarium meme coin will endure and change lives, unlike those Solana 3-day tokens. This is a lasting experience that you hold onto for luck,” Lucie remarked.

Shiba Inu Army Plans to List DAMN on CEX

Significantly, WoofSwap, a decentralized exchange (DEX) operating on Shibarium, introduced the meme coin DAMN on Monday, March 18. DAMN seeks to compete with the emerging meme tokens on the Solana blockchain. It has swiftly attracted more than 44,000 holders.

In light of its recent performance, members of the Shiba Inu community are exploring avenues to have the token listed on a centralized exchange. 

Community member Randomartz has proposed that DAMN’s more than 44,000 holders pool 10 BONE tokens each, with a value exceeding $387,000, to facilitate DAMN’s listing on centralized exchanges. MEXC, Gate.io, and OKX are among the targeted exchanges. 

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