Meme coins take center stage amid Twitter saga
A Twitter logo change to DOGE’s face has catapulted meme coins into the spotlight, with Dogecoin (DOGE), Shiba Inu (SHIB), and Floki Inu (FLOKI) making significant strides in the market.
As the crypto world buzzes excitedly, let’s look at these meme coins and their potential for the coming days.
Dogecoin price moves
As of April 4, DOGE’s current price stands at $0.1009, having risen by an impressive 28% in the past 24 hours.
On April 3, a short-lived Twitter logo change featuring Dogecoin’s face sent the coin’s price soaring by 27% intraday.
Key areas to watch for in DOGE’s price action include a potential pullback to regain momentum and a significant increase in trading volume.
As DOGE’s price struggles to maintain its current position, it will be interesting to see if the DOGE community can hold strong and sustain the bullish trend.
Shiba Inu leveraging the Shibarium Network
As of April 4, SHIB is trading at $0.0000115, up nearly 6% in the last 24 hours.
The Shiba Inu team has updated the Shibarium testnet documentation with crucial information on the token’s burn mechanism.
As a result, SHIB has experienced a significant surge in both burn rate and active addresses, albeit with intermittent gains and losses.
The updated Shibarium documentation could be the key to unlocking further growth for SHIB. The burning mechanism, in particular, can reduce the overall supply of SHIB tokens, making them more scarce and valuable.
With over 1 billion SHIB tokens burned in the past week and a burn rate of over 16%, the Shiba Inu community is eagerly watching for signs of sustained price appreciation.
Meanwhile, Shibarium’s Puppynet is on fire. The test network has processed 828,105 transactions from 100,781 unique wallets since its launch on March 11, building up momentum for the upcoming main network release later this year.
Floki Inu: the underdog vying for Binance US listing
FLOKI’s price currently sits at $0.00003771, rising by nearly 11% in the last 24 hours.
Amid the newfound momentum, the crypto community is anticipating FLOKI’s listing on Binance.
If FLOKI manages to secure a spot on primary exchanges, it could see substantial price gains similar to its meme coin counterparts.
With the possibility of other meme coins like Baby Doge also being listed on Binance and Bybit, the stage is set for FLOKI.
Meme coin prediction
As DOGE, SHIB, and FLOKI continue to ride the wave of Twitter-fueled momentum, investors need to keep a keen eye on market developments.
While meme coins are often seen as whimsical digital assets, they can potentially create lucrative opportunities for those who can navigate the erratic dance of the crypto market.
Will these meme coins continue to charm their way into investors’ hearts and wallets, or will the market spree abruptly halt? Only time will tell.