The enthusiasm around the memecoin sector is popular for its overnight pump and dump pattern. While the majority of contributing factors for memecoin rely solely on social engagement and political influences, this first decentralized intelligence marketplace ‘IntelMarkets’ has disrupted the trillion-dollar crypto market with its viral adoption among investors.
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Memecoin Traders Go All In: SHIB Eyes Multi-Week High
The volatile crypto market has maintained its bullish sentiment after the Bitcoin price jumped above $102K. This move resulted in Shiba Inu (SHIB) seizing the opportunity and soaring ahead. As of today, Shiba Inu (SHIB) has shot up its daily growth rate to 7.2%, with the price pegged at $0.000024. Apart from its price, several key metrics have also flipped bullish in the push for a higher valuation target.
Shiba Inu (SHIB) Performance Metrics Overview
While the price is a major point of the memecoin optimism, the Shiba Inu (SHIB) trading volume has also jumped high. As of writing time, trading volume is up 39.28%, with a total of $728,358,135 shuffled by market traders. The trading volume of Shiba Inu on major exchanges like Binance and Upbit has also skyrocketed.
Shiba Inu (SHIB) Open Interest has also surged by 12.67% in the last 24 hours. Current market data from CoinMarketCap shows that SHIB’s open interest has seen 22.66 trillion tokens committed by traders on the futures market. As a hot memecoin, Shiba Inu (SHIB) is on the frontline of rolling out new projects, products, and community-centered initiatives.
Shiba Inu (SHIB) Technical Analysis & Future Outlook
SHIB price projection Unlike XRP, which has recorded an epic breakout, it still lags in its growth tracks during this bull cycle. Despite flipping the psychologically important resistance level at $0.000023, SHIB is still down by 74% from its all-time high (ATH) of $0.00008845. Given the current memecoin hype, the confidence that SHIB might get rid of this loss gap is high.
However, sustaining the $0.000024 price mark as a support zone amid intense volatility will determine the next moves for Shiba Inu (SHIB). As a major demand source, SHIB whales are active during this period and might help boost the token’s resistance in the short term.
IntelMarkets Successful Presale Soars Past $7 Million Milestone
While the memecoin sector is blazing with hyped-up trading activity by SHIB whales, the memecoin giant could be on the brink of facing a backlash from its investors after a new contender in the market makes waves in the market. IntelMarkets (INTL) demand among savvy traders has skyrocketed in the last 7 days, resulting in a massive influx of new signups on the platform.
Following the chain reaction in the platform, IntelMarkets’ presale stage 9 has gained momentum – raising millions in record-breaking time. Considering the analytics provided by a crypto expert, INTL holds the potential to increase 20x in the coming months, given the growing demand among investors for its $0.08 token.
Analyst Predicts INTL at $0.08 Could Deliver 300% Gains In Q2
Analysts are presenting off-the-charts performance data for IntelMarkets (INTL) as its cutting-edge auto-trading feature shakes the crypto market. The trading robots offered by IntelMarkets are trained on over 100,000 data points, offering pinpoint accuracy and self-learning tools that improve their performance with every movement in the market.
Additionally, the platform’s dual-chain functionality makes it a top choice among new traders. In a nutshell, dual exchange functionality means the exchange is supported and runs on both the Ethereum and Solana blockchains. As a result, traders get to trade using the blockchain of their choice, using custom requirements and preferences.
Join the fast-selling presale with up to 40,000% potential upside now!
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