Dogecoin under market correction, Shiba inu almost avoided the trend – main reasons and future price trajectories

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The crypto market is currently experiencing a significant rally, with Bitcoin (BTC) briefly recovering to its all-time high above $69,000, a level last seen in November 2021.

This resurgence is described as a historic moment for the asset and the crypto industry, driven by a combination of factors including U.S. spot Bitcoin ETF approvals, anticipation of the upcoming Bitcoin halving event, and a broader wave of interest in cryptocurrencies.

The rise in Bitcoin’s value has also ignited interest in various memecoins, with altcoins like Floki and Baby Doge seeing returns between 80% to 289% in the past week, alongside an 840% increase in trading volume.

This surge is attributed to their deployment on Ethereum and Solana chains, with the price appreciation of ETH and SOL contributing to the upward trend in memecoin values.

Despite the overall market rally, certain memecoins like Dogecoin (DOGE) are undergoing a market correction, while Shiba Inu (SHIB) has notably avoided this trend.

The reasons behind these movements are multifaceted, including platform-specific developments and broader market dynamics. Exploring and analyzing the trajectories of both Dogecoin (DOGE) and Shina Inu (SHIB) proves to be a very fruitful resource to get an understanding of the potential development of these coins and other projects as well.

Let’s discuss the memcoins and see if there are any projects that could potentially outpace them.

Join the Buzz: ScapesMania’s Listing on the Horizon!

As ScapesMania concluded its presale with an impressive $6.125 million gathered at lightning speed, the community is buzzing with anticipation for its upcoming listing. It’s scheduled on PancakeSwap, and the date was already announced during the CEO’s latest AMA. Trading will start with MANIA/WBNB and MANIA/USDT pairs, with USDT as the main source of liquidity based on community demand.

Plans for additional listings on CEX platforms already in the works.

Visionary Roadmap

After the presale ended and all tokens were sold out, the team is now gearing up for full-scale development. The project’s entry into the highly promising casual gaming market, forecasted by Statista to exceed $19 billion by 2027, was well-planned.

There is a solid token management plan for stability and increased long-term growth potential, including a structured vesting schedule to prevent token dumping. This structured approach ensures a steady supply and demand equilibrium, fostering a healthy ecosystem for the $MANIA token. Additionally, a post-listing marketing strategy has been devised to ensure higher demand and engagement.

To attract talent, ScapesMania is partnering with experienced game development studios and building an in-house product team. To attract even more holders, ScapesMania invites them to leverage the growth of the casual gaming sector as it’s expected to surge by almost 9% annually, according to Statista.

In a recent AMA session, ScapesMania’s CEO discussed the development strategy, which involves creating hypotheses, testing them in real market situations, and retaining only viable ideas for further implementation.

So, listing is just the beginning; join the community and witness ScapesMania’s dynamic ascent as it continues to innovate and grow.

Community Buzz

With a community exceeding 60,000 followers and expanding, ScapesMania is gaining momentum. It has caught the attention of crypto whales, with deposits exceeding $20,000, who see it as their next major opportunity for gains.

They know full well that because the amount of tokens in circulation is limited, the value may rise steadily due to supply and demand. Additionally, confidence in the project’s security is bolstered by a successful audit conducted by BlockSafu.

Crypto influencers supporting ScapesMania also underscore its credibility. The positive reviews by bloggers across the globe show that the community is truly excited about the project’s potential.

Why Acquire $MANIA Post-Listing?

Wondering why you should join ScapesMania after listing? Check out these compelling reasons:

  • Buy tokens at an attractive price and without presale limitations.
  • The project’s TGE is carried out on the best possible market conditions.
  • There will be a chance to get involved with new projects, making sure your portfolio is diversified.
  • Enjoy exceptional token utility, distinguishing it from meme coins that mainly depend on trends and hype.

Get Notified About Listing – Sign Up for Alerts

Don’t miss out on the chance to stay ahead of the game as the listing date gets closer. Sign up for updates and be the first to reap all the post-listing opportunities – they could be really lucrative. But do be mindful that the cryptocurrency market is unpredictable, nothing is guaranteed, and also: always DYOR.

Dogecoin (DOGE): A Meme Coin with a Bullish Horizon

Dogecoin (DOGE) finds itself at a crossroads, influenced by a mix of negative trends and potential uplift from Elon Musk’s involvement with the ‘X’ app. Despite these conflicting forces, Dogecoin (DOGE) has seen a significant increase of 107% in the last 30 days, showcasing its resilience and potential for growth.

Currently, Dogecoin (DOGE) is trading at $0.18, with a substantial trading volume indicating active market participation. Its market capitalization reflects a strong position within the cryptocurrency space, further supported by a bullish sentiment as evidenced by the Fear & Greed Index.

The potential for Dogecoin (DOGE) to surge by 1000% before the Bitcoin halving is an exciting prospect. This optimism is backed by Dogecoin (DOGE) impressive performance over the past year, outperforming more than half of the top 100 cryptocurrencies. However, the volatile nature of meme coins and the broader market dynamics pose challenges to this optimistic forecast. The significant percentage of Dogecoin (DOGE) pooled on decentralized exchanges suggests a healthy market but also underscores the importance of market liquidity and investor engagement for sustaining growth.

Shiba Inu (SHIB): Riding the Wave of Optimism

Shiba Inu (SHIB) has recently captivated the market with its staggering 300% increase in value within a week. This surge is a testament to the bullish sentiment surrounding the meme coin, propelled by increased investor engagement and technical indicators pointing towards a promising upward trend.

SHIB is trading at $0.00004, marking a significant rise and indicating a bullish trend. The coin’s performance, including a 380% increase over ten days, has elevated it to new heights, showcasing its potential and resilience in the volatile cryptocurrency market.

The introduction of Shibarium and a token-burning strategy are key factors contributing to Shiba Inu (SHIB) rally, enhancing its ecosystem and utility. While technical analysis suggests a continued bullish trend, the coin’s future growth will depend on maintaining momentum and breaking through resistance levels. However, the inherent volatility of meme coins and the broader market dynamics remain significant challenges that could impact Shiba Inu (SHIB) trajectory.

Conclusion

The current crypto market is witnessing a significant rally, with Bitcoin leading the charge and memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) experiencing varied trends.

Dogecoin (DOGE) is undergoing a market correction, influenced by mixed market signals and the potential impact of high-profile endorsements, while Shiba Inu (SHIB) has managed to defy the general market downturn, showcasing a remarkable increase in value.

The divergent paths of these cryptocurrencies highlight the complex interplay of factors driving their price movements. Also, ScapesMania, an innovative casual gaming project, recently emerged as a strong candidate for growth.

The post Dogecoin under market correction, Shiba inu almost avoided the trend – main reasons and future price trajectories appeared first on Blockonomi.

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