• Latest
  • Trending
SHIB Soars To Take DOGE Spot In Top 10, Time To Cash In?

SHIB Soars To Take DOGE Spot In Top 10, Time To Cash In?

October 27, 2021
Dogecoin Whale Transactions Jump 45% as DOGE Sees Buying Pressure

Dogecoin Whale Transactions Jump 45% as DOGE Sees Buying Pressure

June 26, 2022
SFLMaven CEO Joe Ladin Joins MoneyTV for an Update on Sales Growth and the Company’s Recent Launch of the World’s First Metaverse Digital Vintage Jewelry Store

SFLMaven Announces Development Work Now Underway on New Boutique Digital Jewelry NFTs to be Sold Through Recently Launched SFLMaven Metaverse Store

June 26, 2022
Bitcoin Whale Presence On Derivatives Still High, More Volatility Ahead?

Bitcoin Whale Presence On Derivatives Still High, More Volatility Ahead?

June 26, 2022
What is DFI Money and Why is It Surging?

What is DFI Money and Why is It Surging?

June 25, 2022
Crucial Decision on Testnet Hard Fork to Be Made Next Week

Crucial Decision on Testnet Hard Fork to Be Made Next Week

June 25, 2022
Misleading Metrics Like Accuracy Are Not Worth Your Time | by Dylan Cunningham | The Capital | Jun, 2022

Misleading Metrics Like Accuracy Are Not Worth Your Time | by Dylan Cunningham | The Capital | Jun, 2022

June 25, 2022
Why Solana Has Outperformed Ethereum, SOL Up 36% In One Week

Why Solana Has Outperformed Ethereum, SOL Up 36% In One Week

June 25, 2022
How to make money with NFTs: Liquidifty experts share secrets

How to make money with NFTs: Liquidifty experts share secrets

June 25, 2022
Can you earn passive income running a Lightning node?

Can you earn passive income running a Lightning node?

June 25, 2022
  • Contact Us
  • Privacy Policy
Sunday, June 26, 2022
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • Store
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • Store
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto

SHIB Soars To Take DOGE Spot In Top 10, Time To Cash In?

Automatic by Automatic
October 27, 2021
in Crypto, Top News
0
SHIB Soars To Take DOGE Spot In Top 10, Time To Cash In?
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter


Switching positions in the crypto top 10 during the past 24 hours, Shiba Inu (SHIB) has finally taken Dogecoin (DOGE) position as one of the largest cryptocurrencies by market cap.

Related Reading | Shiba Inu (SHIB) Jumps 50% To ATH Amid Robinhood Rumors

As of press time, SHIB trades at $ 0,000068 with a 44% and 144% rally in the daily and weekly charts, respectively. In the 30 days chart, the token records a massive 865% profit.

SHIB on a massive rally in the 4-hour chart. Source: SHIBUSDT Tradingview

The token was launched as a competitor to DOGE, but with its own team and community. Their collective efforts have managed to bring SHIB to this point, as it continues to gain more popularity.

The token has gone from being a meme coin dumped by the creator of Ethereum Vitalik Buterin to representing the spirit of retail investors looking to create their own opportunities.

With millions in profits in the 1-year chart, SHIB could easily be crowned as the king of meme coins. Pseudonym trader IncomeSharks has been tracking the price of this token.

Despite its massive rally, the cryptocurrency could be approaching a selling zone as the euphoria mania around comes to an end. As seen below, IncomeSharks compared SHIB and DOGE’s performance and concluded that there are “identical” market conditions and human behavior.

$SHIB – Identical human behavior and market conditions to $DOGE (even if it’s better).

– Long accumulation
– Massive breakout (millionaires are made)
– Retail wants to get rich
– Narratives and price targets start
– MEME dog tokens explode
– Top holders cash out
– Panic sell pic.twitter.com/InyBG0xfOI

— IncomeSharks (@IncomeSharks) October 26, 2021

These two elements have allowed SHIB to climb all the way up to the top 10, but also suggest an irrational market that could lead to a sudden crash. Similar to DOGE, SHIB Whales could be preparing to dump on retail:

Irrational markets create a lot of opportunity but you have to remember it doesn’t last forever. Don’t let unusual market behavior change your strategies. Either flow with it temporarily or wait for conditions to align back to what you were comfortable with.

Related Reading | Why Shiba Inu (SHIB) Rallied 266% Following Biggest Dump In Its History

Forget SHIB, What’s The Next Big Thing

Market conditions could also tip in favor of SHIB bulls, and the token could continue its impressive rally. As IncomeSharks has also noted, Bitcoin’s Dominance (BTCDOM) in the market has been moving sideways in the past few days.

The metric stands now at a “sweet spot” and could allow altcoins to persist in their price discovery mode. Several altcoins besides Shiba Inu have experienced all-time highs or a fast return to their previous highs in the past week, including Solana (SOL), Polygon (MATIC), and others.

Related Reading | Shiba Inu Outranks Chainlink And Takes Place In Top 15 Crypto-Assets

IncomeSharks tries to stay ahead of the trend. Therefore, he suggested investors take their profits from SHIB and move it to MINISHIB, and other meme coins already yielding high returns. He claimed:

I’m excited for the $SHIB holders making money, and hope it keeps going. But while everyone was buying green candles and following the herd I went to the MEME plays which are always next. I had higher returns on 4 of these than this $SHIB pump. $DIGINU $SNOOD $SMI and #MINISHIB.

SHIB Shiba Inu DOGE
Source: IncomeSharks via Twitter





Source link

Related articles

Dogecoin Whale Transactions Jump 45% as DOGE Sees Buying Pressure

Dogecoin Whale Transactions Jump 45% as DOGE Sees Buying Pressure

June 26, 2022
SFLMaven CEO Joe Ladin Joins MoneyTV for an Update on Sales Growth and the Company’s Recent Launch of the World’s First Metaverse Digital Vintage Jewelry Store

SFLMaven Announces Development Work Now Underway on New Boutique Digital Jewelry NFTs to be Sold Through Recently Launched SFLMaven Metaverse Store

June 26, 2022
ShareTweetShareShare
Previous Post

VC Giant Sequoia Capital Changing Fund Structure to Invest in Emerging Asset Classes Including Crypto

Next Post

FDIC is developing banks’ cryptocurrency activity guidance

Related Posts

Dogecoin Whale Transactions Jump 45% as DOGE Sees Buying Pressure

Dogecoin Whale Transactions Jump 45% as DOGE Sees Buying Pressure

by Automatic
June 26, 2022
0

Tomiwabold Olajide Large transaction surges are typically linked to increased activity from whales According to IntoTheBlock data, Dogecoin whales, or...

SFLMaven CEO Joe Ladin Joins MoneyTV for an Update on Sales Growth and the Company’s Recent Launch of the World’s First Metaverse Digital Vintage Jewelry Store

SFLMaven Announces Development Work Now Underway on New Boutique Digital Jewelry NFTs to be Sold Through Recently Launched SFLMaven Metaverse Store

by Automatic
June 26, 2022
0

FORT LAUDERDALE, FL, June 24, 2022 (GLOBE NEWSWIRE) — SFLMaven Corp. (OTC Pink: SFLM), (“SFLMaven” or the “Company”) (www.sflmaven.com), a...

Bitcoin Whale Presence On Derivatives Still High, More Volatility Ahead?

Bitcoin Whale Presence On Derivatives Still High, More Volatility Ahead?

by Automatic
June 26, 2022
0

On-chain data shows Bitcoin whales are transferring large amounts to derivatives exchanges right now, a signal that more volatility could...

What is DFI Money and Why is It Surging?

What is DFI Money and Why is It Surging?

by Automatic
June 25, 2022
0

The YFII price has rebounded sharply in the past few days as investors buy the coin’s dip. The token is...

Crucial Decision on Testnet Hard Fork to Be Made Next Week

Crucial Decision on Testnet Hard Fork to Be Made Next Week

by Automatic
June 25, 2022
0

Tomiwabold Olajide IOG also hopes to deliver Cardano's lightweight wallet, Lace, this summer As stated in its weekly development update,...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store

Top News

Enhance Basic Tech Capacity & Provide All-encompassing Products & Services

The Sandbox offers a long-term buying opportunity after a recent sell-off

Fiat Money Poisons Everything. Fiat money destroys lives | by Jonathan Garner | The Capital | May, 2022

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • Store

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT