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It's another week in the meme zone, and Dogecoin is showing a familiar bullish pattern with technical analysts noting a cup-and-handle formation on the charts. If the price breaks above the neckline of the pattern, we might see a 200% rally from current levels.
This time, the meme cryptocurrency could be heating up again with increased network activity and social buzz. Of course, any Elon Musk tweets would surely help.
However, while the upside potential is interesting, Dogecoin still faces the challenge of converting hype into real use. As newer projects enter the scene with actual product-market fit, it seems like Dogecoin's longevity may depend more on integration into apps like X Payments than speculative rallies alone.
Dogecoin price movements to watch:
For instance, technical traders are keeping an eye on the Fib level at $0.68, a strong resistance zone that could stall any rally.
Also, traders will be watching the broader cryptocurrency market sentiment for any cues that could affect Dogecoin's price.
Shiba Inu: Huge SHIB Buys
In other news, we're following a massive wave of Shiba Inu accumulation as a large crypto whale has been busy snapping up SHIB in staggering quantities.
Over the past 48 hours, the whale has bought a whopping $160 billion SHIB, or 10 trillion tokens, at current prices. This move has sparked a buzz among crypto traders and meme coin enthusiasts alike.
The timing of these large buys is interesting as it coincides with the launch of Shibarium, a Layer 2 scaling solution for the Shiba Inu blockchain.
The project aims to enhance the speed and efficiency of transactions while reducing gas fees, potentially paving the way for broader adoption of the Shiba Inu ecosystem.
The crypto community is abuzz with speculation regarding the identity of the massive Shiba Inu buyer and the rationale behind such a substantial investment.
Some believe it could be a crypto exchange, accumulating SHIB in anticipation of increased trading volume. Others speculate that it might be a DeFi protocol integrating SHIB into its operations.
However, despite the massive buying spree, the Shiba Inu price has yet to react significantly. This could be due to the meme token's unique price dynamics, which are heavily influenced by community sentiment and narrative.
While the recent price action has been limited, the persistent buying pressure from the large crypto whale could eventually lead to a breakout if other market conditions cooperate.
The meme token's ability to sustain this momentum over the long term may depend on the development of new use cases or utility for SHIB.
With the meme coin currently struggling to maintain a stable price and with no new utility in sight, it remains to be seen whether the hype surrounding the large SHIB buys will translate into a lasting bull market.
Web3 ai Is Combining Real-Time Market Data With Deep Learning
While meme coins like Dogecoin and Shiba Inu might grab headlines, a new kind of cryptocurrency is emerging—one that's less interested in hype and more focused on building systems that respond to it.
Enter Web3 ai, a cryptocurrency project that's bridging real-time on-chain data with AI tools to create a financial stack where modules act, not just index. At the center of this project is the $WAI utility token, which grants access, offers governance benefits, and enables staking inside the Web3 ai ecosystem.
Here's why it could be the best crypto coin to buy right now:
The Edge of AI-Powered Finance:
As the crypto market continues to be influenced by AI trends in 2025 and beyond, Web3 ai stands uniquely positioned with its hybrid technology.
While other projects are pivoting to AI or meme coins are going viral, few combine both in a modular, open-source stack like Web3 ai.
This convergence is key, especially for a generation of traders used to instant feedback and automated tasks.
But to fully understand why Web3 ai is generating buzz, we need to look at the token economics and presale:
The token: $WAI is the native utility token of the Web3 ai ecosystem. It's used for accessing the platform's services, such as the arbitrage and yield modules, as well as for governance voting and staking.
The presale: In the early presale phase, which is set to end soon, the tokens are available at a discounted price and can be claimed in exchange for ETH or fiat currency via bank transfer.
This also means that early birds get access to $WAI before the mainnet launch and major exchange listings, which is set to occur later in Q4 2024.
After the presale concludes, the tokens will be listed on tier-1 and tier-2 exchanges, potentially making it accessible to a wider audience.
This places a time constraint on anyone interested in joining the presale or learning more about the project.
The potential benefits:
The project
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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