Tag: Meme-Coin

Shiba Inu Beats Out Cardano, Dogecoin On Top 10 Watch-Listed Tokens

by NEWSBTC

Shiba Inu has not been doing very well recently in the market, but that has not stopped the meme coin from being a favorite in the market. Investors had poured into the coin following its rallying to a new all-time high in October and have since maintained support for it. SHIB had lost its footing at this high price, dragging it out of the crypto top 10. However, the meme coin remains one of the most popular crypto coins in the market.

The watch-list on CoinMarketCap is a feature that allows investors to choose the assets they want to keep an eye on as the market evolves. The top watch-listed assets on this list usually do not fluctuate much. But Shiba Inu has shaken up things recently. SHIB not only made it into the top 10 but has beaten out some of its top rivals on the list.

Shiba Inu (SHIB) Takes 3rd Place

As Shiba Inu got kicked out of the top 10 cryptocurrencies by market cap, presently occupying 11th place, it has set up shop as a top contender in another top 10 list. For the top 10 most watch-listed coins on CoinMarketCap, SHIB made 3rd place on the list. It came behind Bitcoin and Ethereum which occupied 1st and 2nd positions respectively.

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Related Reading | How Bitcoin Has Performed Compared To Top Stocks

Shiba Inu’s returns have made it a beloved crypto in the community, thus being 3rd place on this list does not come as a surprise. The highly volatile nature of dog-themed cryptocurrencies makes it so that investors have to be one step ahead if they wish to make the most profit out of their investments. Making watch-lists a valuable tool for investors.

Shiba Inu (SHIB) price chart from TradingView.com

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SHIB price suffers after ATH | Source: SHIBUSD on TradingView.com

SHIB beat out its top rival Dogecoin and community favorite Cardano to place 3rd on this list. It clenched this position with a total of 1,702,000 watch-lists. Top coins Bitcoin and Ethereum had 2,612,000 and 2,123,000, while Dogecoin placed 7th with a total of 1,310,000 watch-lists.

SHIB Ruling On Social Media

Shiba Inu has now surpassed Ethereum on total Twitter followers. The total number of followers on the official Twitter account of SHIB hit 1.8 million on Sunday, surpassing Ethereum which sat at 1.7 million at that time. SHIB is an ERC-20 token that is built on the Ethereum blockchain and has been one of the most successful tokens on the blockchain thus far.

The meme coin has continued its social media domination after the token was said to be the most talked-about cryptocurrency on social media in October following its rally to a new all-time high. This is a testament to how fast the community is growing.

Related Reading | Is Cardano Fighting A Losing Battle Against Solana?

Despite this though, the price has not positively reacted to all of the support. After dropping from its ATH at the end of October, there is no sign of improvement in the altcoin. The digital asset had dropped close to $0.00004 on Thursday but had since recovered back up. However, the meme coin has stagnated around $0.00005 in the days following that.

Featured image from Nairametrics, chart from TradingView.com

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Shiba Inu (SHIB) Breaks 8th Place In Crypto Top 10 With Unprecedented Rally

by NEWSBTC

Shiba Inu is arguably one of the most talked-about cryptocurrencies in the space now. The meme coin had managed to crawl out of growing obscurity to the forefront of the crypto market. While the broader market has suffered alongside top cryptocurrency bitcoin, Shiba Inu has had other plans. Carving out its own growth pattern, the value of the asset had rallied to a new all-time high on Wednesday.

Its break above $0.00004 and the subsequent crash had led the market to believe that the rally would be short-lived. SHIB had promptly fallen back to range $0.00003 range after hitting its new all-time high. But going against expectations, it had resumed its rally again and this time, its price had once again doubled, peaking above $0.00008. SHIB’s price in addition to its total supply has pushed the coin into the top ten cryptos and past its rival Dogecoin.

Related Reading | Why Shiba Inu (SHIB) Rallied 266% Following Biggest Dump In Its History

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Playing With The Big Dogs

Shiba Inu’s entry into the top 10 cryptocurrencies by market cap has put it in a position where it has to square up to bigger projects. One problem for SHIB remains its lack of use cases. Pushing past Dogecoin which has been in the top 10 for a while means that the project will have to evolve if it wishes to retain its prestigious position. Doge used its application as a payment option for its use case expansion. It remains to be seen what SHIB will use to cement its place in the top 10.

Shiba Inu price chart from TradingView.com

Shiba Inu price chart from TradingView.com


SHIB price wavers at $0.00007296 | Source: SHIBUSD on TradingView.com

The meme coin’s price has although not faltered in the face of its lack of use cases. In what looks to be a hype-fueled market, SHIB’s price has maintained its upward momentum for over three weeks.

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The primary pull towards the altcoin has been the massive returns. It has returned over 1,000% gains in its recent rally and the push for $0.0001 has continued.

Shiba Inu May Just Be Here To Stay

The Shiba Inu community has continued to push for listing on Robinhood. Public.com, a direct competitor to Robinhood, had listed the meme coin last week in light of increased demand. However, there is still no word from Robinhood regarding the listing of the asset. As the market awaits the trading platform’s decision, an interesting development occurred in the valuation of the two assets.

Related Reading | Shiba Inu (SHIB) Jumps 50% To ATH Amid Robinhood Rumors

SHIB’s rally caused the total valuation of the asset to surpass $40 billion. This has helped it beat out coins like Dogecoin and DOT to move upwards on the crypto top 10. But these are not the only notable projects Shiba Inu has surpassed. Robinhood, on which the meme coin is yet to be listed, is only worth $30 billion. This means that SHIB’s valuation is greater than that of Robinhood.

Featured image from Coingape, chart from TradingView.com

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Elon Musk Plans To Become The World’s First Dogecoin Trillionaire

by NEWSBTC

Tesla CEO Elon Musk says that he will become the world’s first Dogecoin trillionaire.

According to a recent prediction by a Morgan Stanley analyst, the SpaceX founder is on his way to becoming the world’s first trillionaire with his relentless amassing of wealth.

A Twitter account called UberFacts tweeted this prediction. Amusingly, the Tesla CEO replied to the tweet, stating that he would be a Dogecoin trillionaire. With that reply, he sent the Dogecoin price soaring again.

Related Reading | Elon Musk’s “Baby Doge” Tweet Spikes The Dogecoin Price

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As of today, Musk is already the wealthiest man in the world, ahead of Amazon founder Jeff Bezos, who is in second place. According to the Bloomberg Billionaires Index, he has an estimated net worth of $252 billion. The Bloomberg Billionaires Index is a daily ranking of the world’s richest people.

In July, the tech entrepreneur revealed that he owns Bitcoin, Dogecoin, and Ether.

Elon Musk and Dogecoin

Musk’s net worth has skyrocketed because of Tesla, whose stock price has kept increasing over the months. On Friday, the company’s shares rose to a new high above $900/share. With his current net worth, he is worth more than the entire Gross Domestic Product (GDP) of New Zealand.

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On Friday, Twitter account @UberFacts reported the prediction from Morgan Stanley.

Elon then replied directly to the tweet agreeing that he would be a trillionaire, but in Dogecoin.

In typical fashion, Musk’s mention of Dogecoin in the tweet resulted in the coin’s price rallying by almost 6% in just an hour. At the time of writing, Dogecoin is trading at $0.247.

DOGE Chart on TradingView.com

DOGE Chart on TradingView.com


Musk's tweet pushes Doge to $0.247 | Source: DOGEUSD on TradingView.com

In July, Musk revealed that he owns Bitcoin, Ethereum, and Dogecoin. However, he has always posted memes about Dogecoin in particular and is constantly weighing in on the meme coin.

In May, the SpaceX founder announced that in 2022, SpaceX will launch a moon mission funded by Dogecoin. He said this is the first time that cryptocurrency will be used in space, and that it will also be the first meme used in space.

SpaceX Founder’s Net Worth Prediction

According to the Guardian, analysts at investment bank Morgan Stanley have predicted that Elon Musk will become the first trillionaire in the world.

Forbes says that the tech entrepreneur is working to revolutionize transportation both on Earth, through electric car maker Tesla, and in space, via rocket producer SpaceX.

A Morgan Stanley analyst says that he could make much more money from his space exploration business SpaceX than he has made from Tesla.

Related Reading | Elon Musk Brushes Off SNL Fail, Plans To Literally Send Dogecoin To The Moon

The analyst Adam Jonas said that SpaceX was “challenging any preconceived notion of what was possible and the timeframe possible, in terms of rockets, launch vehicles and supporting infrastructure”.

He added: “More than one client has told us if Elon Musk were to become the first trillionaire … it won’t be because of Tesla. Others have said SpaceX may eventually be the most highly valued company in the world – in any industry.”

Related Reading | SpaceX Has Bitcoin On Its Balance Sheet, Elon Musk

Jonas estimates that the privately-held SpaceX, valued at $100bn this month, could be worth $200bn and even more. It is presently the world’s second-biggest privately held company, after the internet firm ByteDance. The SpaceX founder owns roughly 48% of the company.

It remains to be seen if these predictions about the Tesla CEO will come to pass.

Featured image by The World Financial Review, Chart From TradingView.com

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Why Shiba Inu (SHIB) Rallied 266% Following Biggest Dump In Its History

by NEWSBTC

Shiba Inu (SHIB) is still on a bull trend after its meteoric rise last week. The asset had rallied 266% and by the time the rally reached its peak, SHIB had grown over 400% in a matter of hours. Its sudden rise in price has been attributed to a number of things. One of the most prominent being the tweet by Elon Musk of his pet Shiba Inu which he had gotten last month.

However, the price recovery had occurred at a point where the asset had been seeing massive amounts of coins dumped that led to a dip in its price. SHIB had hit a new six-month high at this point and sell pressures had mounted in the community. This was mostly due to the history of the meme coin which has no utility to speak of except the hype from its backers.

SHIB Holders Dump Billions

Santiment reported the digital asset had seen a record dump following its price rally. A reported 31.07 billion coins had been dumped by holders. Mostly from wallets that held between 1 million to 10 million SHIB in their wallets.

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Related Reading | FTX CEO Sam Bankman-Fried Reveals Reason Behind Billions Of Dollars Tether Purchase

An interesting fact about this dump was that it had been mostly small traders who were dumping their bags. Contrary to expectations, Shiba Inu whales have mostly held their bags through the rally. While small-time traders shed their holdings onto micro traders.

The dump patterns had shaken the price of the asset, causing its hold on its new highs to falter in the meantime. But this would prove to not have a lasting effect on the market given that the price of the digital asset had rebounded from its Thursday lows, with a green seven-day trading average of 83.45%.

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Shiba Inu price chart from TradingView.com

Shiba Inu price chart from TradingView.com


SHIB price falls to $0.000028 | Source: SHIBUSD on TradingView.com

Shiba Inu Benefiting From The Altcoin Craze

Bitcoin has shown investors the potential of investing in cryptocurrencies. But at its current value, investors have moved on to find what could be ‘the next bitcoin’ and altcoins have generally benefited from this sentiment.

The push for short-term gains in the market is also a reason behind the success of meme coins like Shiba Inu. Over the long term, top cryptocurrencies like bitcoin and ethereum have proven to be the better choice. Altcoins, however, have shown the most promise with short-term gains, especially coins which are hype-driven.

Related Reading | Bitcoin Over $100,000 Is Still Possible By Year-End, Says Research Analyst

Projects like these will experience significant price movements in reaction to things like a celebrity tweeting or posting about them. Investors can see massive gains from investing in these projects in just a matter of hours. But these coins crash as quickly as they had risen. Usually due to the hype around them dying down. Or in worst-case scenarios, the developers execute a rugpull and leave investors to deal with their now worthless coins.

Featured image from CoinGecko, chart from TradingView.com

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Grumpy Cat meme coin raises $70K for animal shelters

by Cointelegraph

The community behind meme cryptocurrency Grumpy Cat Coin, or GRUMPY, has donated 39 ETH worth almost $70,000 to the Sterling Animal Shelter in Massachusetts. (Owing to the fluctuating price of GRUMPY, that’s about $10,000 less than estimated in their social post below.)

The meme coin is based on Tardar Sauce, the internet celebrity cat famous for her perpetual grumpy appearance. On the project’s website grumpy.finance, the team states their focus is on “making successful efforts for all of our community members as well as the world by giving back.”

The coin was listed on Uniswap this month, and $GRUMPY was added to CoinGecko on March 16. It surged in price by 1000 percent, taking the market cap from $5 million to $50 million and had a trading volume of more than $18 million on March 17. Currently the price sits at $0.00000050, down 30% $0.00000074 from its all-time high two days ago. That may not seem like such a high price, but the total supply is 1000 billion, with a circulating supply of 450 billion.

Holders of $GRUMPY can earn rewards from the 1% fee charged on all transactions which is instantly re-distributed to all holders of the coin. The cryptocurrency’s charity work is mainly focused on helping animal shelters, with their donation to the Sterling Animal shelter being their first fundraiser so far.

Grumpy Cat is not just a cryptocurrency — she was also turned into an NFT this month. The self-described “Worst NFT Ever” depicts a photo of Tardar Sauce and fetched 44 ETH worth around $78,000 on NFT marketplace Foundation on March 13.

The community driven project has similar elements to those of the Dogecoin community, which launched the Dogecoin Foundation charity back in 2014.

Doge is potentially starting to shake the perception of being a meme-coin, as it has gained serious momentum since Elon Musk and Mark Cuban started backing it publicly. Cuban’s Dallas Mavericks now accept Doge as payment for tickets and merch, while also forecasting a $1 price range in the future.