Today's crypto market saw a significant rally, with the total market capitalization surging by approximately 9% to surpass the $2.14 trillion mark. Bitcoin (BTC) increased by an impressive 12%, reaching the $57,000 threshold. Bitcoin's market valuation exceeded $1.11 trillion, now accounting for more than half of the total crypto market cap, as the approval of spot ETFs opened avenues for institutional investments. Additionally, the anticipation of the coming Bitcoin halving and MicroStrategy's purchase of an additional 3,000 BTC for $155 million injected a wave of positive sentiment across the market.
This rising tide in the crypto market also lifted meme coins, particularly Dogecoin (DOGE) and Shiba Inu (SHIB). DOGE marked a 12% increase, while SHIB wasn't far behind with a 9% rise. The trading activity for both these tokens skyrocketed, with over 200% spikes. Amidst this bustling market scenario, there's a growing curiosity surrounding ScapesMania (MANIA). Although its presale stage has concluded, the crypto community is eagerly anticipating its Token Generation Event and subsequent DEX listing.
The question that lingers is whether MANIA can ride the current wave of market optimism and capture the interest of the crypto world just as its predecessors, Dogecoin (DOGE) and (SHIB), have done.
Ride The Wave of Innovation with ScapesMania
The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token's value might increase exponentially in the future.
The spotlight has shifted to the Token Generation Event (TGE) coming up on the date that will be announced in the CEO’s AMA on 27.02.2024. The pool of tokens is smaller than it was before, the conditions are better than the market average, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away.
Your Last Chance to Boost Potential Returns Post Listing
The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters while also ensuring a high level of community engagement. Through DAO governance, backers will be able to influence and benefit from a growing industry.
Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the multi-billion casual gaming industry, it leverages the market's growth potential. Post-debut, holders can anticipate greater liquidity and easier trading. A solid token management plan will further increase longer-term growth potential.
The community's excitement about the project is evident so far: the follower count has reached 60K+. Also, the growing interest from crypto whales with deposits of $20,000+ might expedite ScapesMania's transition from niche to mainstream.
ScapesMania's smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the PancakeSwap listing is on the horizon, with CEX listings still in the works.
ScapesMania is also notable for a great cliff vesting structure to prevent token dumping, making sure that supply and demand are well-matched for potential growth.
Make sure you don't pass up the opportunity to leverage all discounts and potentially beat the market with the TGE fast approaching. Be quick if you want to be the first one in line for all the post-listing opportunities, which might be quite lucrative.
>>> TGE ALERT – Keep Up With Latest News <<<
Dogecoin (DOGE): Rally Post-Bitflyer Listing
Dogecoin (DOGE), the popular dog-themed cryptocurrency, has been basking in the spotlight following its recent listing on Bitflyer, one of Japan's largest crypto exchanges – a significant expansion in DOGE's accessibility and potential investor base. Bitflyer's broadening cryptocurrency offerings and its attempts to facilitate Web3 participation further accentuate the growing mainstream appeal of DOGE.
In response to this positive news, Dogecoin's (DOGE) price has mirrored the overall bullish trend in the crypto market, with a notable increase in value since reaching a support level of $0.082 on February 23. The recent rally saw DOGE peak at $0.096, tantalizingly close to the psychological barrier of $0.1.
Dogecoin (DOGE) Technical Analysis
Technically, Dogecoin (DOGE) is trading between the support level at $0.0702 and the resistance level at $0.1033.
Source: TradingView
The Exponential Moving Averages (EMA) present a bullish signal, with the 10-day EMA at $0.0876, the 50-day EMA at $0.0839, and the 200-day EMA at $0.0792, all aligned below the current price level, indicating an upward trend.
The Stochastic %K at 74.23, the MACD Level at 0.0021 and Momentum at 0.0118 further underline the current bullish sentiment.
However, the Relative Strength Index (RSI) at 69.24 is nearing the overbought territory, suggesting high buying interest. The Commodity Channel Index (CCI) at an extremely high 256.79 reinforces the possibility of overextension, signaling a potential pullback.
The Average Directional Index (ADX) at a low 19.56 points towards a lack of strong trend strength in the short term.
Dogecoin (DOGE) Price Prediction
In a bullish scenario, if DOGE maintains its upward trajectory, supported by positive market sentiment and its recent listing, we could see it breach $0.1033. The breakthrough above this level will pave the way towards testing the next resistance level at $0.1241 if the broader market continues its rally.
On the flip side, a bearish turn, possibly triggered by a market correction or overbought conditions, could see Dogecoin (DOGE) retract towards $0.0702. A break below this level might lead to further declines towards the further support levels at $0.0617 and $0.0409.
Shiba Inu (SHIB): Breaking Critical Resistances
Following the broader crypto market rally, Shiba Inu (SHIB) managed to erase a zero from its price, breaking above the $0.00001 level, a significant psychological barrier. This rise came after SHIB successfully breached a critical resistance level around $0.000009, which also represented a break-even point for numerous holders.
The IntoTheBlock Global in/out of money indicator revealed a massive cluster of 227,830 SHIB addresses holding a total of 162.64 trillion SHIB, purchased at prices ranging from $0.000008 to $0.00001, a strong accumulation zone and a potential base for the recent rally. Furthermore, Shiba Inu's (SHIB) attempt to reach $0.00001 in mid-February, which culminated in a high of $0.00001005, and its recent recovery from lows of $0.00000934, signaled a revived bullish interest in the token.
Shiba Inu (SHIB) Technical Analysis
From a technical standpoint, SHIB is trading between the support at $0.000007892 and the resistance at $0.000011974.
Source: TradingView
The EMAs for 10, 50 and 200 days are all below the current trading level, indicating a bullish trend. The 10-day EMA at $0.000009867, in particular, may act as a dynamic support in the short term.
The CCI at a high 279.74 shows an extended bullish momentum, also supported by the MACD at 0.000000183 and the Momentum at 0.000000968.
However, the low ADX value of 16.07 indicates a lack of strong trend. The RSI stands at 71.42, suggesting that Shiba Inu (SHIB) is in overbought territory, which often precedes a potential price pullback.
The Stochastic %K, also in the overbought region at 75.08, supports this view.
Shiba Inu (SHIB) Price Prediction
In a bullish scenario, if SHIB maintains its momentum and the market sentiment remains positive, it could target $0.000011974. A break above this level could lead to a test of the most ambitious resistance at $0.000014541.
On the flip side, in a bearish scenario, if selling pressure increases or broader market sentiment weakens, Shiba Inu (SHIB) could retreat towards $0.000007892. A breach below this could see SHIB testing lower supports at $0.00000684 and $0.000004272.
Bottomline
In today's dynamic crypto market, Dogecoin (DOGE) and Shiba Inu (SHIB) have emerged as significant players, riding the wave of a broader market rally. DOGE, bolstered by its Bitflyer listing, has strengthened its position, nearing the psychological barrier of $0.1. SHIB, not far behind, erased a zero from its price, indicating a strong bullish sentiment.
Both Dogecoin (DOGE) and Shiba Inu (SHIB) have surpassed critical resistance levels, fueling optimism among investors. However, certain oscillators suggest that DOGE and SHIB might be entering overbought territory, hinting at potential price pullbacks. Traders need to balance the current bullish momentum with the possibility of future corrections in meme coins' prices.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
