Dogecoin and Shiba Inu prices have been trending higher over the past few days, following the trend of the overall crypto market. Meme cryptocurrencies seem to be back in the limelight and gaining popularity again, a fact that investors have been quick to note.
These cryptocurrencies offer investors an alternative to traditional investments, with the ability to capitalize on their favorite memes and trends. As more and more people become familiar with cryptocurrency, the playfulness of cryptocurrency memes is a major driver of their popularity as they offer a way to earn money while having fun.
Dogecoin: strong comeback for the most purchased cryptocurrency of 2021
Major whales have resumed investing in Dogecoin on Binance Smart Chain (BSC), according to WhaleStats, the leading crypto wallet tracker. Dogecoin is the top meme cryptocurrency in the market by market capitalization.
The aforementioned portal recently tweeted that Dogecoin was among the top 10 tokens searched for by BSC whales in the past 24 hours.
Over the past few days, DOGE saw a significant rise in price from $0.08022 to $0.09160 before recording a steep reversal. Nevertheless, DOGE’s progress over the last six days is more than 15%.
The price of DOGE, just like other altcoins, has seen an increase due to the surge in Bitcoin prices over the past few days which is currently testing the $21,000 threshold.
The top 100 investors on BSC currently own less than 1% DOGE of their total portfolio of $7,349,835.
Price development of Dogecoin
The current price of Dogecoin is $0.0860, with a 24-hour trading volume of $842 million. Dogecoin ranks 9th on CoinMarketCap, with a live market capitalization of $11 billion.
DOGE is likely to meet immediate resistance at $0.090, and a bullish cross above this level could expose it to levels as high as $0.1050. On the downside, immediate support can be found at $0.075; a bearish break of this level could expose DOGE at the $0.065 level.
Whales spring into action after the launch of SHIB’s metaverse
A whale moved an impressive number of SHIB tokens just before the launch of Shiba Inu’s metaverse. This transaction has caused some commotion in the crypto space and is likely to have a major impact on the launch of the metaverse.
Whale Alert, a whale tracking platform, revealed that nearly 3.32 billion SHIBs were transferred from one unidentified wallet to another, worth almost $30.48 million.
The addresses used in the transactions do not relate to any exchange, so it is unlikely that this is a routine buy or sell operation.
Separately, the Shiba Inu team recently announced a major transfer of SHIB tokens, alongside their goal of showcasing a new metaverse, at the upcoming South by Southwest (SXSW) festival in 2023 in Austin, TX.
For the next exhibition, the WAGMI Temple, one of the 11 places in the Shiba Inu metaverse, will be presented through a virtual reality (VR) visit.
Shiba Inu Price Trend
The current Shiba Inu price is $0.000010, and the 24-hour trading volume is $492 million. Shiba Inu are down nearly 3% in the past 24 hours after jumping more than 20% in the past seven days. SHIB ranks 14th on CoinMarketCap with a live market cap of $5 billion.
SHIBA is currently facing an immediate resistance level at the $0.000010 threshold, and a bullish break of this level could expose SHIBA to the next resistance level of $0.000011.
A break down at this level could expose the price of SHIB to the $0.000009 level. The 50-day moving average indicates a bullish trend above the $0.000009 level, indicating the possibility of buying opportunities.
A break of the $0.0000107 level will provide additional buying opportunities.
Cryptocurrencies that could see their earnings triple in the future
With the current bullish sentiment, the crypto market is seeing an upturn. Besides Dogecoin and Shiba Inu, other altcoins are likely to offer higher returns.
Tamadoge (TAMA)
Tamadoge is a P2E meme cryptocurrency with high growth potential. Its exit had caused a strong enthusiasm with investors, probably due to the pre-sale which exceeded its objective of 19 million dollars before the scheduled date.
Tamadoge is an online game that offers users the opportunity to discover and traverse a virtual world called Tamaverse while raising NFT-based pets. Players can gain additional benefits by leveling up their pets using items available in the in-game store. Each level up earns them Dogepoints as a reward.
As a player accumulates Dogepoints, their position in the Tamadoge leaderboard improves and they become eligible for larger and larger rewards.
Soon after the pre-sale ended, Tamadoge was listed on the OKX exchange and the value of the TAMA token skyrocketed to $0.197, more than six times its listing price of $0.03.
Currently, TAMA is trading at $0.014, and a bullish bounce above this level could push the price of TAMA up to $0.01680.
Meta Masters Guild (MEMAG)
The pre-sale of Meta Masters Guild, a guild specializing in mobile games between Web3 and “play-to-earnbegan. Its Ethereum-based games will include playable NFTs and perks that can be exchanged for MEMAG, the company’s native token, which can then be staked and sold.
The pre-sale will consist of seven stages, with the first delivering a MEMAG for $0.007. Even before MEMAG is available to the public, its price will eventually reach $0.023, which represents a 228.5% increase for early investors. When the platform’s first game (Meta Kart Racers) is released in the second quarter of this year, Meta Masters Guild is expected to experience rapid growth.
Additionally, an improving global economy and markets could benefit cryptocurrency.
FightOut (FGHT)
The FightOut (FGHT) platform works the same way as a personal trainer, except training time is prepaid with the FGHT token. All activities are tracked and can be used to improve metaverse avatar settings.
FGHT’s pre-sale is going well, with nearly $2.90 million already raised. The current selling price of 60.06 FGHT per $1 (FGHT can be purchased with ETH or USDT) is expected to rise as the selloff continues.
Follow our affiliate links:
- To buy cryptocurrencies in the SEPA Zone, Europe and French citizensvisit Coinhouse
- To buy cryptocurrency in Canada visit bitbuy
- To secure or store your cryptocurrenciesget a Ledger wallet
- To trade your cryptos anonymouslyinstall the NordVPN app
To accumulate coins while playing:
- In poker on the CoinPoker gaming platform
- To a global fantasy football on the Sorare platform
Stay informed through our social networks: