SHIB price forecast: SHIB, a meme-inspired cryptocurrency, has seen a significant decline in value within the last day. The meme coin has recently been following a downward trajectory, slipping past significant support markers. Currently, the Shiba Inu Coin price is $0.00002263, reflecting a decline of 2.7% over the past 24 hours. The trading volume for The post SHIB Price Forecast: What’s Next For Shiba Inu Coin As Burn Rate Defies Crypto Sell-Off? appeared first on CoinGape .
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Crow-themed meme coin soars almost 600% in one week
The Crow With Knife meme coin saw almost 600% growth over 7 days after being listed on the Crypto.com app, the largest spike among crypto assets. The post Crow-themed meme coin soars almost 600% in one week appeared first on Crypto Briefing .
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Ethereum Network Now Cheapest In 6 Months: What It Means
On-chain data shows the Ethereum transaction fees is now at its lowest since October 2023. Here’s what it could mean for the cryptocurrency. Ethereum Transfer Fees Has Recently Plunged To A Low Of $1.12 According to data from the on-chain analytics firm Santiment, the average fee on the Ethereum network has dropped to low levels
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Cracking the Crypto Code: ETH/BTC Signals The Next Altcoin Explosion – Here’s How
Recently, a seasoned crypto investor, Daan Crypto Trades, offered a fresh perspective on evaluating altcoin market sentiment. Daan believes the ETH/BTC ratio is a superior indicator of altcoin market sentiment over the SOL/BTC ratio, showing data that suggests the potential for an upcoming altcoin season. Related Reading: Crypto Guru Reveals Top Altcoin Picks And DeFi Risks: What You Need To Know ETH/BTC vs. SOL/BTC: Decoding The True Alts Barometer Daan Crypto Trades has challenged the emerging view that SOL/BTC might be a better gauge for altcoin strength, arguing instead for the enduring relevance of ETH/BTC. According to Daan, while Solana’s performance has been notable, it hasn’t significantly impacted Bitcoin’s dominance, which remains strong. This observation suggests that SOL/BTC may not accurately reflect broader alternative coins market trends. On the other hand, ETH/BTC has historically mirrored shifts in altcoin market sentiment more closely, making it a more reliable metric. This distinction is crucial for investors seeking to understand the real-time health and potential shifts within the broader altcoin market. Seeing a lot of people claim $SOL/BTC is a better proxy for general alt strength than ETH/BTC.$SOL performed extremely well and the general alt market underperformed BTC as BTC.D grinded higher. Therefore, I would not say SOL/BTC is a good gauge for overall altcoin strength at… https://t.co/8KpdnACoOt — Daan Crypto Trades (@DaanCrypto) April 28, 2024 Daan’s analysis points out that significant movements in the ETH/BTC ratio have often preceded dynamic phases in the altcoin market, commonly referred to as ‘altcoin seasons.’ These periods are characterized by rapid price increases across altcoins, often outpacing Bitcoin. Signs Of An Emerging Altcoin Season? Current market analysis by Daan and on-chain data from Santiment underline a brewing sentiment that could lead to another alternative coins season. Santiment’s report highlights an unusual accumulation pattern across altcoins, with their Market Value to Realized Value (MVRV) ratios suggesting many are undervalued. Related Reading: Are Altcoins Cooling Off? Analyst Weighs In On This Cycle’s Market Over 85% of altcoins analyzed are currently positioned in what Santiment describes as the historical “opportunity zone.” This zone indicates that the assets are trading below their realized value, presenting potential buying opportunities for savvy investors. 👍 According to our model, the mid-term gains and losses by average wallets indicate heavy realized losses across most #altcoins. Over 85% of assets we track are in a historic opportunity zone when calculating the market value to realized value (MVRV) of wallets’ collective… pic.twitter.com/NogkCSH5PG — Santiment (@santimentfeed) April 25, 2024 Further reinforcing this sentiment, the Bitcoin dominance index (BTC.D), which tracks Bitcoin’s market cap relative to the entire crypto market, has slightly declined. BTC.D has dropped from 57.10% as of the middle of this month to roughly 54.69% as of today. This decline could suggest that capital is beginning to flow more substantially into altcoins. Notably, the combination of favorable MVRV ratios and shifting dominance lends credence to Daan’s assertion that an alternative coins season may be on the horizon, ready to unleash notable gains similar to past cycles. Featured image from Unsplash, Chart from TradingView
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Announcement of the Mortal Kombat 1 Mavado Release Date
The most anticipated inclusion of Mavado to “Mortal Kombat 1” has already been confirmed to have a set release date which has got fans of the franchise on the edge of their seats. As a matter of fact, after the newest joiner Ermac, we have Mavado now who occupied a significant part in the Mortal
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