Shiba Inu Leader Says Burning 99.9% of Shiba Inu is Not Impossible
Posted on December 23, 2023The lead developer of the Shiba Inu ecosystem has argued that eliminating 99.9% of Shiba Inu’s circulating supply is not impossible.In a recent tweet, Shytoshi Kusama, the enigmatic leader of the Shiba Inu development team, expressed that bringing Shiba Inu’s current circulating supply to 0.1% of its size is a vision that can materialize.This bold declaration comes amid an exchange with a Shiba Inu critic. The context of the conversation was Shibarium’s soaring positiv
Celestia (TIA) With a jump of 4.68% in the past 24 hours with a trading volume of $224.301 million, the TIA price has recorded a strong bullish recovery. Moreover, with a market capitalization of $1.934 billion, it has successfully claimed the 46th position.
The Moving Average Convergence Divergence (MACD) has displayed a constant red histogram with its averages experiencing a negative sentiment. Moreover, the EMA 50-day acts as a resistance, suggesting that the price may continue losing value this week.
If the market favors the bulls, the Clestia price could push its value toward the resistance level of $7.430. Conversely, a negative setback could pull the price toward its crucial support level of $3.925 during the upcoming time.$TIA
Worldcoin (WLD) Despite dropping 8.24% over the last seven days, the Worldcoin price has displayed a sideways trend. Further, it has added ~19% during the past month. This highlights a long-term bullish sentiment for the altcoin in the market.
The Simple Moving Average (SMA) is acting as a resistance to the price chart in the 1D time frame. Moreover, with MACD indicator displays a neutral price trend in the Worldcoin price chart. This suggests uncertainty in future price action.
If the bulls regain momentum, the WLD coin price may retest its resistance level of $3.30. On the flip side, if the bears dominate the market, the altcoin may retest its crucial support level of $1.350. $WLD
Solana (SOL) Apart from the meme coins, the Solana altcoin shows massive upside potential. It has increased by nearly 50% in the last 30 days and is trading at $166. Despite the short-term correction, the altcoin has concluded a lower-high formation in the daily chart and reveals a surge of bullish influence in the sideways trend.
Testing the $164 support, the altcoin offers an entry opportunity at a crucial support. If the broader market recovers, the altcoin is likely to surpass the $200 psychological mark. Using the price action level, the next target remains at $235-$250. $SOL
Raydium (RAY) As the Solana ecosystem grows, Radium, a high-ranking Solana-based protocol, reveals a bullish trend in motion, hitting the 1.618 Fibonacci level at $3.15; the altcoin reveals a massive bull run in action.
Currently, the altcoin has retested the $3.00 psychological mark and reveals a successful post-retest reversal. Considering the broader market recovery, the uptrend in Radium is likely to challenge the 2.61 Fibonacci level at $4.82. $RAY
Dogecoin (DOGE) In the daily chart, the Dogecoin price action reveals a falling-wedge breakout rally gaining momentum. The increased bullish influence has resulted in a golden crossover in the 50-day and 200-day EMA. However, the recent pullback in the altcoin retests the 50% Fibonacci level at $0.1571.
With a lower price rejection, the altcoin offers an entry opportunity at comparatively low prices based on the upside potential. Using the Fibonacci retracement tool, the meme coin shows the potential to reach the 100% Fibonacci level at $0.22. Meanwhile, the optimistic target remains at the 1.618 Fibonacci level near the $0.30 psychological mark.$DOGE
The memecoins have gained huge attention, largely due to Elon Musk, who revealed his plans to save $2 trillion in taxpayer money during Donald Trump’s presidential campaign. Since then, the token has maintained a strong incremental range and is attempting to break above the multi-year consolidation zone. Moreover, the technicals have turned bullish in the long term, which suggests the memecoin is gearing up for another 2021-like bull run.
Ever since the DOGE price rose from a deep sleep, traders have become extremely optimistic about the upcoming price action. The pattern formed is similar to the 2021 bull run; hence, a similar outcome is expected to occur soon. The price is testing the upper resistance of the symmetrical triangle and the current market dynamics suggest a breakout could be mandatory. Besides, the RSI formation also displays a 2021-like pattern, which substantiates the bullish claim.
The DOGE price was about to experience a Golden Cross in a short time frame. Interestingly, it is expected to experience a similar event in the long term, which has raised hopes for a 2021-like bull run. Previously, when the Dogecoin price broke out from the consolidation, the levels soared from around $0.003 and marked the highs at around $0.72. Now that the levels are hovering around $0.17, a breakout may elevate the levels not only above $1 but could form a new ATH above a two-digit figure as well. $DOGE
Solana (SOL) With a jump of ~2% in the past 24 hours, the Solana price continues trading within its ascending channel pattern in the 1D time frame. Notably, it has surged 7.98% over the past week and 15.69% during the past 30 days. This indicates a rising interest of investors in it.
The MACD indicator records a constant green histogram with its averages showing a constant rise in the SOL price chart. Further, the Simple Moving Average (SMA) constantly supports the price chart in the 1D time frame. This suggests that the price may conclude this month on a bullish note.
If the Solana price successfully reclaims the $181 mark, this could result in it heading toward its yearly high of over the $200 mark. On the other hand, if a bearish trend reversal occurs, the altcoin may retest its support trendline of $155. $SOL
Ethereum (ETH) Amid a strong bullish recovery, the Ethereum price has jumped ~5% in the past 24 hours with a trading volume of $21.499 billion. Following this, the altcoin leader successfully reclaimed the $2,600 level during the early Asian trading hours.
The RSI indicator is on the verge of experiencing a bullish convergence in its 1D time frame. Further, with its EMA 50-day acting as a support, the ETH coin price hints at a bullish outlook during the upcoming time.
If the bullish price action remains, the Ethereum token could potentially head toward its important resistance level of $2,800 this week. Conversely, if the geopolitical tension intensifies, this could pull the price of Ethereum crypto toward its $2.5k level.$ETH
Turbo (TURBO) Amid increased price volatility, the TURBO price has dropped ~10% over the past week. Moreover, with a market capitalization of $622.82 million, it has secured the 208th position in the global crypto list.
The Simple Moving Average (SMA) has experienced a bearish convergence in the Turbo price chart. Moreover, the MACD indicator has displayed a constant rise in the red histogram with its averages recording a negative crossover. This suggests a weak buying pressure for the altcoin in the market.
Pushing the TURBO price above its resistance level of $0.0107 could result in it retesting its upper high of $0.01344. On the contrary, if the bears gain momentum, the Turbo token could plunge toward its low of $0.0081450. $TURBO