Shiba Inu Whales in Profit: 130 Trillion SHIB May Signal Imminent Breakout
Shiba Inu is again heating the crypto charts, as fresh on-chain data reveals that over 130 trillion SHIB tokens are now in profit. With a total value of around $1.76 billion, this massive sum represents a pivotal moment for the meme coin as traders anticipate a sharp price movement in the coming days. According to insights from IntoTheBlock, the tokens currently “in the money” could influence the next leg of SHIB’s trajectory. Investors may either cash out, prompting a pullback, or double down, driving even more momentum. SHIB Climbs Higher Amid Meme Coin Surge At the time of writing, Shiba Inu has climbed 1.39% in the past 24 hours, trading at $0.00001344. It has logged three consecutive gains days since March 22, pushing its weekly increase to 7%. Today’s trading session peaked at $0.0000137, where some early profit-taking emerged. Looking ahead, traders should closely monitor the price’s interaction with the EMA 20. A clear break and sustained move above it could open the door to a run toward the daily 50-day SMA at $0.00001415. If momentum continues, the $0.00001915 and $0.000029 zones may come into play. On the flip side, a dip below $0.00001312 could trigger a retest of deeper support near the 200 EMA. Market Optimism Fuels Meme Coin Momentum The broader crypto market remains optimistic due to the Federal Reserve’s recent signals of upcoming rate cuts. Meme coins are known for reacting quickly to shifts in sentiment, and SHIB has naturally benefited from this renewed interest in risk assets. Retail traders, always searching for high-risk, high-reward opportunities, have piled into meme coins like SHIB. These tokens respond quickly to sentiment shifts and offer rapid gains due to their low entry points and viral appeal. Related article: Shiba Inu Burns 14 Million Tokens in 24 Hours as SHIB OS Sparks New Blockchain Hype What’s Next for SHIB? As SHIB tests resistance and investors weigh their next move, the token remains in a high-stakes position. With over 130 trillion tokens sitting in profit, any shift in sentiment—positive or negative—could trigger sharp price action. Whether SHIB continues its breakout or cools off temporarily, one thing is clear: Meme coin mania is far from over, and SHIB remains at the center of it.
Charles Hoskinson Dismisses Centralization Claims, Defends Cardano’s Decentralization
Charles Hoskinson, the founder of Cardano and a billionaire mathematician, recently addressed claims suggesting that three entities control Cardano. In a tweet, he responded to accusations that the Cardano Foundation, Input Output Global (IOG), and Emurgo dictate the network’s direction, supposedly making it less decentralized than Bitcoin. Hoskinson Defends Cardano Against Centralization Accusations Hoskinson dismissed these allegations as misinformation and part of ongoing FUD (fear, uncertainty, doubt) campaigns. He pointed out that debunking such claims requires substantial effort, saying, “It takes millions of dollars and years to correct the effort.” He also predicted that critics would continue spreading misinformation about Cardano even in 2030. Hoskinson Acknowledges XRP’s Strength and Longevity Earlier this month, Hoskinson made an unexpected statement that caught the XRP community’s attention and Ripple’s CTO, David Schwartz. He described XRP as “great technology” and recognized it as a global standard. His comment was in response to a tweet from Peter Schiff, who had reacted to former U.S. President Donald Trump mentioning ADA, XRP, SOL, ETH, and BTC as assets for a potential U.S. crypto reserve. Related article: Cardano (ADA) Falls 5% Below $0.70 – What’s Next for Investors? Schwartz, surprised by Hoskinson’s remarks, tweeted, “Am I dreaming?!” to which Hoskinson reaffirmed his stance. He praised XRP for surviving multiple market cycles and commended its strong and dedicated community. By addressing these criticisms and acknowledging XRP’s resilience, Hoskinson continues to shape the conversation around blockchain decentralization and the future of cryptocurrencies.
24 Hours Price Analysis: Is LUNC Primed for a Comeback? Key Indicators Suggest a Reversal Could Be Near Despite Showing 8.59% Dip
Terra Classic (LUNC) has seen a slight dip in its price over the past 24 hours, but the market shows signs of a potential rebound. Currently trading at 0.00007451 USDT, down by 8.59%, LUNC is hovering near critical support levels. Current Price Movement LUNC’s price has been range-bound, oscillating between 0.00007439 USDT and 0.00007504 USDT. This consolidation phase often precedes a significant price movement, making it a crucial period for traders. The slight decline suggests sellers are in control, but the tight range indicates buyers may soon step in. Exponential Moving Averages (EMA) The EMA indicators highlight a bearish trend, with the 200-period EMA at 0.00007576 USDT, the 100-period EMA at 0.00007835 USDT, and the 50-period EMA at 0.00008067 USDT. However, the current price is close to the 200-period EMA, which could be a support level. If LUNC holds above this level, it may signal a reversal and provide a buying opportunity. Relative Strength Index (RSI) The RSI difference between the 5-period and 14-period RSI is 15.04, indicating a significant divergence. This divergence often precedes a market reversal, especially when the RSI is in the lower range, as it is now. The oversold conditions suggest buyers could soon enter the market, increasing prices. Related article: Terra Classic Price Holds Steady, Demonstrating a 24-hour 7.51% Increase Amid Pro-Crypto Sentiment Conclusion While the 24-hour outlook for LUNC is currently bearish, the proximity to key support levels and oversold RSI conditions suggest that a rebound could be on the horizon. Traders should monitor these indicators closely and be prepared to act if a breakout occurs. A potential upward movement could offer lucrative opportunities for those positioned correctly.
From Hype to Congestion: How $TRUMP Memecoin Launch Shook the Web3 Space
In a seismic moment for the crypto world, the launch of the $TRUMP memecoin made waves over the weekend, creating unprecedented activity across the Web3 ecosystem. Spearheaded by a tweet from President Donald Trump’s verified handle, the announcement sent the memecoin market into overdrive, drawing liquidity from altcoins and igniting record-breaking trading activity. The buzz around $TRUMP translated into an extraordinary surge in its market cap, reaching a jaw-dropping $15 billion, coupled with a trading volume exceeding $18.11 billion. The meteoric rise—peaking at $73.86—represented a staggering 700% increase within mere hours of its debut. The launch didn’t just captivate investors; it disrupted the Solana blockchain as the network struggled to handle over 8 million transaction requests per minute. A Record-Breaking Moment The Web3 community has never witnessed a phenomenon like this. As $TRUMP quickly became the hottest commodity in the crypto space, trading volumes surged past historical highs, outpacing even established altcoins. The frenzy saw investors across the globe scrambling to get a piece of the action, draining liquidity from other tokens in favour of the explosive memecoin. However, the Solana blockchain, chosen as the launchpad for $TRUMP, faced significant challenges. Congestion on the network caused delays, and many users struggled to execute transactions amid the chaos. Solana developers scrambled to mitigate the effects, stabilizing the blockchain’s performance. While the blockchain’s capacity to handle high transaction volumes has been lauded in the past, this event underscored the scalability hurdles still facing even the most advanced networks. A Volatile Comeback After reaching its all-time high of $73.86, $TRUMP experienced a sharp correction, dropping 34.51% within 24 hours to settle at $47.44. This decline reflects typical volatility in the memecoin market, where speculative enthusiasm often drives prices to unsustainable peaks before a cooldown phase. Despite the pullback, $TRUMP retains a significant market presence, leaving many to wonder about its long-term trajectory. New Chapter in Memecoin History The $TRUMP launch is a testament to the power of memecoins to capture attention and disrupt traditional market dynamics. Its impact extended beyond financial metrics, highlighting the community-driven nature of Web3 and exposing vulnerabilities in blockchain scalability. Related article: 7-Day Price Analysis: Is Neurashi (NEI) a Buy or Bust After a Volatile Week? As the memecoin phenomenon evolves, the launch of $TRUMP serves as both a milestone and a cautionary tale. It proves the potential of viral marketing in the Web3 era while emphasizing the need for robust infrastructure to handle future surges. With its impressive debut, $TRUMP has undeniably carved its place in crypto history—whether as a fleeting trend or a long-term disruptor remains to be seen.
Terra Classic Price Holds Steady, Demonstrating a 24 Hours 7.51% Increase Amid Pro-Crypto Sentiment
As the financial world buzzes with anticipation over Donald Trump’s upcoming inauguration and his pro-crypto stance, Terra Classic (LUNC) is showing intriguing movement. Investors are watching closely for signs of bullish or bearish sentiment in a market known for high volatility. The charts reveal critical data points suggesting LUNC’s immediate price trajectory, and with the inauguration just days away, LUNC’s price dynamics could play into broader crypto market trends. LUNC Tests Key Resistance Levels In the last 24 hours, LUNC has hovered around the $0.000107 mark, facing significant resistance from the 100-period EMA, currently positioned at $0.000111. The 50-period EMA at $0.000107 is a support, forming a tight price range. This consolidation phase suggests the market awaits a catalyst, potentially aligning with the inauguration’s pro-crypto rhetoric, which could spark renewed interest in altcoins like LUNC. The 200-period EMA at $0.000114 serves as a long-term resistance level. A breakout above this level could signal a bullish reversal for LUNC, paving the way for a potential test of $0.000120. However, failure to breach these levels might lead to a retracement toward the 20-period EMA at $0.000103. RSI Signals Strengthening Momentum The Relative Strength Index (RSI) currently sits at 6.7, indicating a divergence from recent bearish trends. While this is not in overbought territory, the divergence suggests that bullish momentum could be building. Should the RSI maintain an upward trajectory, it could reinforce the possibility of a breakout above the 200 EMA. Related article: 7-Day Price Analysis: Avalanche (AVAX) Climbs Over $40, the Weekly Surge That Stunned Investors! Impact of Macro Events on LUNC With Trump’s pro-crypto policies expected to bolster market confidence, traders might see increased volume and interest in LUNC. A favourable regulatory environment could ignite a rally across altcoins, including LUNC, by the end of the week. However, caution is warranted as market sentiment can shift abruptly. Conclusion LUNC’s price dynamics over the next 24 hours will be critical. A breakout above the 200 EMA could signal bullish momentum, while failure to do so might lead to further consolidation or retracement. With Trump’s inauguration on the horizon, the potential for a broader crypto rally adds an extra layer of intrigue to LUNC’s price movements.
