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Shiba Inu is iconic for many reasons. For instance, SHIB was one of the few tokens that started the meme coin culture in the cryptocurrency space. Known as the OG cryptocurrency, the Shiba Inu Ecosystem has seen considerable expansion and continues to inspire other tokens to replicate its success. However, with SHIB’s recent price drop, questions related to its price fall, and the shib burn mechanism failure to stabilize its price have started to crawl over the space. In this wake, here are the three crypto tokens that are capable of becoming the next Shiba Inu. Also Read: Shiba Inu: SHIB Could Spike 120% To Hit  $0.00003695, Here’s When? 3 Coins That Can Be The Next Shiba Inu (SHIB) Source: WatcherGuru BONK ">#1- BONK The meme coin culture saw a drastic change this year. The market noted a burst of new meme coins, with the Solana chain being the center of it all. BONK is also a notable meme on Solana, which has lately been gaining immense attention due to its recent price tra...

The Avalanche price slumped 3% in the last 24 hours to trade at $26.36 as of 04:03 a.m. EST, with trading volume dropping 22% to $291 million. This comes as the California Department of Motor Vehicles (DMV) digitized 42 million car titles on the Avalanche (AVAX) network as part of steps taken to modernize the state’s title transfer process with software development. The development, spearheaded by Oxhead Alpha, will allow users to transfer vehicle titles in minutes without needing to go to an office or the weeks one had to wait in the traditional system. DMV’s implementation is just an example of how blockchain can bring benefits and manage large databases in the public service sector. Avalanche Price Could Surge Over The $28.08 Resistance The Avalanche price tumbled on July 23 from the $32 resistance to the $26.26 support level, according to data from GeckoTerminal . AVAX has since been fluctuating in highs and lows, forming a falling wedge pattern. The price decline...

Ethereum is outperforming Bitcoin at spot rates, holding firm above the support zone between $3,000 and $3,300. Although prices retraced yesterday, with the July 29 bar closing with a long upper wick pointing to weakness, ETH holders are upbeat, expecting gains above $4,000. Roughly 30% Of All ETH Staked, Validators Stand At Over 1 Million As Ethereum rejects lower lows and cements its place at second in the market cap leaderboard, other developments could spark demand in the coming sessions. Related Reading Avalanche (AVAX) Continues Freefall, Sheds 12% In Last 7 Days – Can It Recover? 7 hours ago Taking to X, analyst Leon Waidmann noted that a record 28% of all ETH in circulation has been locked, an all-time high. According to CryptoQuant data, as of July 29, 33.3 million ETH were locked. ...

The Compound price surged 5% in the last 24 hours to trade at $51.61 as of 03:26 p.m. EST on trading volume that skyrocketed 63% to $86 million. This comes despite Compound Finance passing a recent proposal that allocates 499,000 COMP tokens currently worth about $24 million to a yield-bearing protocol controlled by ”he Golden Boys,” a group led by Humpy. The community sparked claims of a governance attack from community members who allege that the group was able to strong-arm the proposal through the approval process after acquiring large numbers of tokens on the open market. But a new forum post by Bryan Colligan at Compound indicates the proposal is to be withdrawn. Compound Price To Surge, Bulls To Capitalize On The Double Bottom Pattern Compound Price Chart Analysis Source: GeckoTerminal.com The Compound Price, from July 15 to July 21 was trading in a sideways pattern, as COMP traded within the $51.57 range, data from GeckoTerminal shows. However, the ...

Shiba Inu [SHIB] has managed to outshine several assets in terms of popularity. Just as the meme coin was taking over the market, it lagged due to its price. At press time, SHIB was trading at $0.0000172 with a 2.12% rise over the past 24 hours. The asset currently remains 80% below its all-time high. But Shiba Inu could experience a boost thanks to its correlation with the rest of the market. For instance, SHIB has recorded a 78% correlation with Bitcoin for nearly 60 days now. The king coin’s potential surge could aid Shiba Inu in recording a spike in price. Source Currently, Bitcoin is priced at $69,462 with a 3.15% daily increase. More recently, prominent asset manager VanEck, predicted that Bitcoin might hit a high of $2.9 million by the year 2050. Over the next 26 years, the BTC would need to rise by as much as 4,168% from its current level. If Bitcoin rises to this point, the increase may have a significant impact on other cryptocurrencies. SHIB is among the first to stand in li...

Dogecoin is struggling to climb up in the charts in 2024 and is trading sideways this year. The meme currency is testing the patience of investors as it has seen little to no price spurts. DOGE rallied in 2021 touching a new all-time high in May hitting $0.73. The spike was phenomenal as Elon Musk played a part in its rise in the charts by his constant tweets and interviews about the meme coin. Also Read: Shiba Inu [SHIB] to Record a Bullish August, Here’s Why Since 2021, Dogecoin remained on the back foot and prolonged its downward trend even in 2024. It’s currently trading around the $0.13 mark in the indices showing no bullish sentiments. The bearish grip remains strong on DOGE and is not allowing the meme coin to scale up in the charts. However, a new price prediction indicates that Dogecoin could triple in price and reach $0.39. The forecast is bullish and could change the fortunes of the meme currency if it turns out to be true. Also Read: Shiba Inu: $1 Weekly Investments...

The MAGA price has plunged by 20% over the past 24 hours to trade at $5.92 as of 5:30 p.m. EST. This comes after presidential candidate Donald Trump vowed to create a “strategic national Bitcoin reserve” and said he’d fire the anti-crypto Securities and Exchange Commission chair Gary Gensler if he retakes the White House in November. ”On day one, I will fire Gary Gensler,” he said in a speech at the Bitcoin 2024 conference in Nashville on July 27. “I pledge to the Bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris’s anti-crypto crusade will be over. Never sell your bitcoin,” JUST IN: 🇺🇸 Donald Trump says, “The United States will be the crypto capital of the planet and the #Bitcoin superpower of the World.” pic.twitter.com/5CNHY8hhQE — Bitcoin Magazine (@BitcoinMagazine) July 27, 2024 MAGA Price Review: How is MAGA Doing? Looking at an in-depth Analysis using Coi...

A volatile week looms over the cryptocurrency market, with the Federal Reserve interest rate decision shaking the macroeconomic landscape. Moreover, the industry will unlock nearly $190 million in vested tokens this week, sounding an alarm to these affected cryptocurrencies. These crypto unlocks release previously illiquid tokens, usually in vesting contracts, inflating the circulating supply and creating sudden selling pressure. Usually, the involved entities receive the unlocking promise within the project’s initial distribution and have to wait for the schedule to sell and realize the promised value. According to TokenUnlocksApp data, 14 projects will unlock $189.97 million in tokens in the seven days following July 27. In particular, three crypto currencies stand out with $139.62 million in unlock s, representing 73.5% of this week’s events. Picks for you ...

Cryptocurrencies, commodities, and stocks are among the most popular risk assets for investment and trade, also leading finance indicators. Bitcoin (BTC) leads the cryptocurrency market, gold leads the commodity market, and the S&P 500 indexes stock market leaders. In this context, Mike McGlone, Senior Commodity Strategist for Bloomberg Intelligence , shared a recent Analysis weighing their current state. McGlone stated he is biased toward the precious metal as the currently best asset for investing amid growing “deflationary” uncertainty. According to the data presented on July 26, the Bloomberg Commodity Spot Index has dropped 2% below its 200-day moving average, raising an alert of a potential bearish reversal. Moreover, the chart shows a significant battle between the S&P 500 and gold while Bitcoin loses momentum. Picks for you ...

Proton Privacy launched a Bitcoin (BTC) wallet on July 24, dividing the cryptocurrency community with an ambiguous and unclear communication strategy. When questioned about the product being “Bitcoin-only,” the official account said they are “not interested in shitcoins,” raising doubts. The controversy arises in a context where some industry leaders forcefully promote Bitcoin as the only legitimate cryptocurrency, calling everything else a “shitcoin” or a “scam.” Notably, the Proton Wallet account followed only 17 individuals on X by press time, some of them known for this “Bitcoin maximalist” belief. Therefore, some in the crypto community believe Proton Wallet could have mirrored this behavior, while others believe this is just confusion and that the account was referring to something else. Picks for you ...