Latest news with #Memecoin
Yahoo
a day ago
- Business
- Yahoo
Shiba Inu Could Surge 3,000% and Overtake Dogecoin by 2026, Say Analysts
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Memecoin Shiba Inu (CRYPTO: SHIB) is expected to outperform Dogecoin (CRYPTO: DOGE) in the forthcoming bull cycle, as per analysts' predictions. What Happened: Analysts, including Kevin Capital, a prominent Dogecoin observer, and a Finder report, indicate that SHIB could potentially eclipse DOGE as early as 2026 or during the 2028–2029 cycle. SHIB might surpass DOGE intensifying the rivalry between these two community-backed digital assets. Currently, DOGE has a market capitalization of $35.69 billion, while SHIB stands at $8.27 billion. Don't Miss: Be part of the breakthrough that could replace plastic as we know it—invest in Timeplast before the July 31st deadline and help revolutionize a $1.3T industry. This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — You Can Become an Investor for Just $500.25 Under a scenario where SHIB grows three times faster than DOGE, price projections show a significant gap. If DOGE's price increases 1,000% to $2.61, SHIB would need to surge 3,000% from its current $0.00001404 to $0.000435, pushing its market cap to $256.32 billion. Despite these optimistic predictions, SHIB faces several hurdles. It has yet to gain institutional adoption, with no asset managers filing for a SHIB spot ETF. The project's anonymous development team raises questions about long-term governance and accountability, which are essential for sustained price growth. Investors are urged to treat these projections with caution, as the 3x growth assumption relies on unverified catalysts such as broader market conditions, technological advancements, or regulatory changes. Meme coins are notoriously volatile, and past performance is not indicative of future results. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock/CryptoFX This article Shiba Inu Could Surge 3,000% and Overtake Dogecoin by 2026, Say Analysts originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Shiba Inu Could Surge 3,000% and Overtake Dogecoin by 2026, Say Analysts
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Memecoin Shiba Inu (CRYPTO: SHIB) is expected to outperform Dogecoin (CRYPTO: DOGE) in the forthcoming bull cycle, as per analysts' predictions. What Happened: Analysts, including Kevin Capital, a prominent Dogecoin observer, and a Finder report, indicate that SHIB could potentially eclipse DOGE as early as 2026 or during the 2028–2029 cycle. SHIB might surpass DOGE intensifying the rivalry between these two community-backed digital assets. Currently, DOGE has a market capitalization of $35.69 billion, while SHIB stands at $8.27 billion. Don't Miss: Be part of the breakthrough that could replace plastic as we know it—invest in Timeplast before the July 31st deadline and help revolutionize a $1.3T industry. This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — You Can Become an Investor for Just $500.25 Under a scenario where SHIB grows three times faster than DOGE, price projections show a significant gap. If DOGE's price increases 1,000% to $2.61, SHIB would need to surge 3,000% from its current $0.00001404 to $0.000435, pushing its market cap to $256.32 billion. Despite these optimistic predictions, SHIB faces several hurdles. It has yet to gain institutional adoption, with no asset managers filing for a SHIB spot ETF. The project's anonymous development team raises questions about long-term governance and accountability, which are essential for sustained price growth. Investors are urged to treat these projections with caution, as the 3x growth assumption relies on unverified catalysts such as broader market conditions, technological advancements, or regulatory changes. Meme coins are notoriously volatile, and past performance is not indicative of future results. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock/CryptoFX This article Shiba Inu Could Surge 3,000% and Overtake Dogecoin by 2026, Say Analysts originally appeared on
%3Amax_bytes(150000)%3Astrip_icc()%2Fdogecoin-02b89237819544f19a7440c5405e12f7.jpg&w=3840&q=100)
Arabian Post
05-07-2025
- Business
- Arabian Post
Stock market information for Dogecoin
Dogecoin is a crypto in the CRYPTO market. The price is 0.164341 USD currently with a change of -0.00 USD from the previous close. The intraday high is 0.167214 USD and the intraday low is 0.161817 USD. Memecoin Resilience: Dogecoin Holds Firm at $0.16 Level Dogecoin bounced off the $0.16 mark after a sharp intraday decline, signalling that bulls are defending this multi‑week floor. Trading volume surged near these levels, indicating accumulation and potential consolidation ahead. ADVERTISEMENT The memecoin dropped around 5 per cent intraday, bottoming at approximately $0.161 before recovering to about $0.163, according to CoinDesk's data. Volume during the bounce doubled the daily average, underscoring robust buyer interest around this critical price band. Market observers note that holding above $0.160 could pave the way for a sustained recovery. Technical analysts suggest Dogecoin may be forming a base around this level. CoinDesk's Shaurya Malwa points out that the token remained in a narrow range between $0.162 and $0.164 after the bounce—a pattern often associated with consolidation and trend reversals. The broader cryptocurrency landscape remains volatile. Macroeconomic pressures—particularly global trade tensions and central bank policy uncertainty—have triggered risk‑off sentiment. That volatility tends to amplify swings in meme‑style tokens like Dogecoin, yet it also creates value opportunities for strategic buyers. On‑chain interest appears healthy. Cryptocurrency analytics platform CoinGecko reports substantial trading activity across centralised exchanges, with 24‑hour turnover exceeding $900 million, although this reflects a slight dip from the previous week's average. Coinbase indicates Dogecoin remains the top memecoin by trading volume, commanding approximately 1 per cent of the total crypto market cap. In European trading on 3 July, Dogecoin climbed close to $0.174 following a defence of the $0.16 region. Analysts caution that this rebound, representing an 11 per cent gain from the low, may end up corrective rather than reflecting a confirmed trend shift. More Crypto Online, a technical analyst, contends the price movement fits an ABC diagonal wave pattern, warning that failure to hold $0.16 could invalidate bullish outlooks. Should the token maintain support, targets around $0.196 appear plausible; yet a break below $0.151 may trigger renewed weakness. Amid this backdrop, speculation builds around a possible Dogecoin‑based ETF. Amendments filed by Bitwise for a spot‑DOGE ETF have increased optimism, with analysts estimating a high probability of SEC approval by the year‑end. A green light could invite fresh institutional capital and broader market legitimacy, although timing expectations remain uncertain. Social media and celebrity influence continue to play a strong role. Elon Musk's intermittent endorsements and jovial online commentary have historically driven surges in trading volume and public interest. At present, Dogecoin remains range‑bound, with the $0.16 level acting as both a psychological and technical barrier. A sustained break above $0.164—coupled with upticks in volume—could signal a reversal toward mid‑$0.18 or even $0.20. Conversely, capitulation below the $0.16 threshold may re‑test June lows and weaken broader memecoin sentiment. Traders await forthcoming macroeconomic signals—US inflation data, central bank communications—and updates on ETF applications, all of which could determine whether Dogecoin's floor holds or fractures.
Yahoo
06-06-2025
- Business
- Yahoo
Memecoins Show 94% Cross-Ownership Rate: Why These High-Beta Assets Are More Casino Than Investment
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Memecoins—cryptocurrencies inspired by internet memes, viral trends, and pop culture—have captured mainstream attention with their explosive price movements and social media-driven hype. While recent data shows 94% of memecoin owners also hold traditional cryptocurrencies, suggesting these assets serve as a gateway to broader crypto adoption, investors must understand the significant risks lurking beneath the viral success stories. Memecoins represent the ultimate expression of high-beta assets within the cryptocurrency ecosystem. In traditional finance, beta measures an asset's volatility relative to the broader market—but memecoins often exhibit beta coefficients that defy conventional measurement scales. Where stocks with beta above 2.0 are considered highly volatile, memecoins can experience price swings of 1,000% or more within hours, making them among the most volatile assets in any investment category. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . This extreme volatility stems from their speculative nature and lack of fundamental anchoring mechanisms. Unlike established cryptocurrencies such as Bitcoin or Ethereum, which have underlying technology, network effects, and utility-driven demand, memecoins derive value almost entirely from social sentiment and momentum trading. Memecoin price movements often bear no relationship to traditional risk-return models. A single tweet from an influencer or celebrity endorsement can trigger price surges of several hundred percent, only to see those gains evaporate within days when attention shifts elsewhere. This creates an environment where timing becomes everything—but predicting optimal entry and exit points proves nearly impossible for retail investors. The mathematical reality is sobering: while early adopters may capture extraordinary gains, the majority of participants enter positions after initial price spikes, exposing themselves to devastating losses when momentum reverses. This pattern mirrors classic speculative bubbles but compressed into timeframes measured in hours rather than months. The memecoin ecosystem operates in a regulatory gray area that enables widespread market manipulation. Pump-and-dump schemes have become increasingly sophisticated, with coordinated social media campaigns designed to create artificial demand. Influencers and insiders often accumulate positions before promoting coins to their followers, then liquidate holdings at peak prices, leaving retail investors holding depreciated assets. These schemes exploit the decentralized nature of cryptocurrency markets and the absence of traditional market-making mechanisms that provide stability in conventional securities. The Securities and Exchange Commission has clarified that most memecoins don't qualify as securities, but this regulatory uncertainty creates an enforcement vacuum that bad actors readily exploit. Many memecoins suffer from structural liquidity problems that compound their risk profile. Low trading volumes mean that even modest buy or sell orders can dramatically impact prices, creating a scenario where paper profits may be impossible to realize. During market stress, liquidity often evaporates entirely, trapping investors in positions they cannot exit without accepting catastrophic losses. This illiquidity problem is particularly acute for memecoins trading on decentralized exchanges, where automated market makers may have insufficient depth to handle significant transactions. The result is a market where theoretical gains on paper may never translate to actual profits for investors. Trending: New to crypto? on Coinbase. The low barrier to entry for creating memecoins has spawned an ecosystem rife with fraudulent projects. 'Rug pulls'—where developers abandon projects and withdraw all liquidity—have become increasingly common, with some estimates suggesting that over 90% of new memecoins are scams or fail within months of launch. Even legitimate projects face security vulnerabilities, as many memecoin developers lack the technical expertise to implement robust smart contract security. Hackers regularly exploit these weaknesses, draining liquidity pools and leaving investors with worthless tokens. Unlike traditional investments that generate cash flows or have tangible assets backing their value, memecoins typically lack any fundamental value proposition. Their prices reflect pure speculation rather than underlying economic value, making them susceptible to complete collapse when market sentiment shifts. This absence of intrinsic value means traditional valuation models become meaningless. Without revenue streams, user adoption metrics, or technological advantages to analyze, investors must rely solely on crowd psychology and momentum indicators—factors that have historically proven unreliable for sustained wealth creation. From a portfolio management perspective, memecoins represent concentrated, uncorrelated risk that can quickly overwhelm diversification benefits. Their extreme volatility and tendency toward total loss scenarios make them unsuitable for any meaningful portfolio allocation beyond amounts investors can afford to lose entirely. The high-beta characteristics that make memecoins attractive during risk-on periods can become devastating during market corrections, often amplifying losses far beyond what traditional high-risk assets would generate. While social media platforms overflow with stories of overnight memecoin millionaires, the statistical reality tells a different story. The vast majority of retail investors lose money on memecoin investments, with many experiencing losses of 80-99% of their initial investment. The survivors' bias in social media narratives obscures this harsh mathematical reality. Professional traders may find opportunities in memecoin volatility using sophisticated risk management techniques, but retail investors typically lack the tools, speed, and emotional discipline required to navigate these markets successfully. Memecoins may serve as an introduction to cryptocurrency markets, but they function more like entertainment or lottery tickets than legitimate investments. While they may continue attracting speculative capital and serving as crypto 'onramps,' investors should approach them with the same caution they would apply to casino gaming—with money they can afford to lose and clear understanding that the odds favor the house. For investors seeking cryptocurrency exposure, established assets with proven utility, regulatory clarity, and institutional adoption offer more sustainable risk-return profiles than the memecoin casino. Read Next: A must-have for all crypto enthusiasts: . Invest Where It Hurts — And Help Millions Heal: Image: Shutterstock This article Memecoins Show 94% Cross-Ownership Rate: Why These High-Beta Assets Are More Casino Than Investment originally appeared on
Yahoo
31-05-2025
- Business
- Yahoo
Solana's SOL Dips 5% Amid Fading Memecoin Trading Activity on Network
Solana (SOL) fell more than 5% over the past 24 hours, rattled by geopolitical tensions and waning memecoin activity on its network. The token dropped from $163.72 to a low of $154.99 as a combination of market uncertainty and declining network revenue put pressure on its price. The decline coincides with a broader crypto market correction triggered by the U.S. Court of International Trade's reversal on Trump's tariff suspension, which reignited trade concerns and spooked investors. Memecoin revenue from the once-popular platform has also nosedived since early April, weakening one of Solana's key transaction drivers. News Background Solana Labs on Friday introduced the Solana AppKit, an open-source React Native toolkit designed to let developers build iOS and Android apps on the Solana blockchain in about 15 minutes. The kit integrates 18+ protocols, including embedded wallets powered by providers like Privy, Dynamic, and Turnkey, and supports Mobile Wallet Adapter for Solana Mobile. It also offers direct swaps and copy trading features, powered by Jupiter Exchange, along with integrations from Raydium and aiming to boost app functionality and user engagement within the Solana ecosystem. Price-ActionTechnical analysis shows SOL forming a double-top pattern near $184.50, breaking below key Fibonacci support levels. The SOL/ETH trading pair also collapsed below a rising wedge, with some analysts warning of a potential 40% drop relative to Ethereum if network activity fails to recover. Standard Chartered added to the caution, suggesting that unless Solana can diversify beyond memecoins, its price could continue to underperform. Meanwhile, long liquidations have increased, contributing to the bearish pressure. Despite these headwinds, some traders remain optimistic, noting that SOL is still within a broader bullish structure if it can hold the $150-$160 support range. A sustained hold at these levels could pave the way for a potential recovery toward $200, though failure to do so may trigger further declines toward lower support zones. Technical Analysis Recap SOL dropped from $163.72 to $154.99, a 5.33% decline over the past 24 hours. Price action highlighted increased volatility, with an overall range of $11.87 (7.24%). A key resistance level was established at $161.84 during a heavy sell-off at 16:00, accompanied by above-average volume (2.52M). Support emerged at $152.37, with high-volume buying (1.81M) at 01:00. The pattern of lower highs and lower lows underscores the ongoing bearish trend. Recovery attempts were modest, with SOL needing to reclaim $157 for short-term momentum. A local bottom formed at $154.37 at 07:17, followed by a small rally to $155.36. Strongest buying pressure was recorded at 07:54 with a volume spike of 10,295 units. Price retraced to $154.97 in the final minutes, suggesting a possible short-term support zone. As traders weigh Solana's next move, the market will be watching closely to see if the token can hold above critical support levels or if bearish momentum will push prices lower. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
