Memecoin Surge Overshadows Bitcoin as Search Interest Shifts
Google search trends reveal a stark contrast between Bitcoin and memecoin interest, with the latter gaining momentum amidst a surge in new token creation on Solana and Tron networks.
Google search trends reveal a stark contrast between Bitcoin and memecoin interest, with the latter gaining momentum amidst a surge in new token creation on Solana and Tron networks.
Dogecoin is testing critical $0.10 support after a 20% market cap drop, with potential for a significant rebound to $0.16 if the level holds, or further decline if breached.
Historical data indicates Shiba Inu (SHIB) could experience significant price growth in October, with past performance showing an average return of 283.4% during this month.
Despite the crypto market’s stability and Bitcoin’s strong position at $63K, Dogecoin’s price forecast for October 2024 suggests a potential 13% drop, challenging the traditional ‘Pumptober’ expectations.
Shiba Inu’s burn rate skyrocketed by 5,975% in 24 hours, coinciding with a price increase. This surge follows a period of zero burns and comes amid broader cryptocurrency market gains.
Lookonchain analysis reveals 42 cryptocurrencies, including Popcat, Mantra, and Mog Coin, have outperformed Bitcoin in year-to-date returns for 2024, showcasing the dynamic nature of the crypto market.
As Dogecoin and Shiba Inu face market challenges, investors turn to Rollblock, a promising new altcoin that has seen a 140% surge in its presale, reaching a $2.9M valuation.
Dogecoin faces a crucial resistance level at 32.68 billion coins, with potential price movements hinging on breaching this threshold. Current market indicators show mixed signals for DOGE’s short-term performance.
Dogecoin’s price has dropped below $0.10, experiencing a 5% decline in 24 hours, amid a broader cryptocurrency market downturn influenced by Bitcoin’s performance and economic uncertainties.
Solana has outperformed Ethereum in weekly revenue for the first time, generating $25 million compared to Ethereum’s $21 million, largely due to increased transaction fees and MEV tips fueled by memecoin activity.