Altcoin
Shiba Inu Coin Lead Slams Litecoin As It Changes Identity To Meme Coin
Shiba Inu coin lead developer Shytoshi Kusama sparked discussions in the crypto landscape on Tuesday, slamming Litecoin (LTC) over its recent identification change to meme coin. In a series of posts on the social media platform X, the SHIB lead constantly mirrored a sense of dismay at the recent change in the crypto’s identification. Notably, LTC rebranded itself as a meme-themed coin, primarily a stick figure with the letter ‘L’ as its head.
Shiba Inu Coin’s Shytoshi Kusama Takes A Dig At Litecoin
According to an X post by Shytoshi Kusama on November 19, the lead developer expressed that he was not looking to get into “beef” with Litecoin this year. However, the Shiba Inu coin lead states, “They’re forming the memevengers and I am starting to feel like Thanos.” Notably, pointing to LTC’s new stick figure, Kusama stated, “take that L and stand down.” These statements, underscoring a sense of dismay in the identification change saga, promptly gained significant traction across the industry.
CoinGape Media reported that LTC claimed it identified as a meme coin earlier this month. Kusama’s slamming statements come in the aftermath of this chronicle.
Meanwhile, in a reply to the lead developer’s digging remarks, the LTC community stated, “What is this? 8th grade?” Nevertheless, the SHIB lead dev sarcastically replied, “Says the intern posting stick figures. Lol.” Altogether, these statements clearly point out that the dog-themed meme coin’s community remains gloomy on the abovementioned crypto identification change.
How Is The Meme Coin Performing?
SHIB price today showcased sideways trading in recent days, down nearly 2% intraday to $0.00002508. The token’s intraday low and high were registered as $0.00002415 and $0.00002578, respectively. However, the monthly chart for the crypto indicated gains worth 33%. This broader rising movement underscores the dog-themed meme coin’s potential amid a bullish market despite the recent consolidation.
A recent Shiba Inu coin price analysis by CoinGape Media indicated that the coin may mirror XRP’s surge in 2024, attributable to ecosystem growth, token burns, and bullish market trends driving investor optimism. Shibburn data on November 19 further indicated the token’s burn rate surged 938%, solidifying optimism on the coin’s long-term prospects.
On the other hand, Litecoin price traded at $89.60 at press time, down 3% intraday. Its 24-hour low and peak were $86.68 and $92.19, respectively.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
In a bid to boost market optimism, renowned dog-themed meme crypto Floki Inu recently announced a marketing campaign in Delhi NCR, India. The meme token’s community revealed that the marketing campaign primarily zeroes in on bringing the ecosystem’s much-lauded PlayToEarn MMORPG game, Valhalla, to the Indian Web3 landscape. Meanwhile, with the coin already being on a rally, showcasing phenomenal weekly and monthly gains, market watchers remain curious as to what future movements hold in light of recent developments.
Floki Inu Brings Valhalla To India With Massive Marketing Campaign
The Floki Inu community revealed in an X post on November 18 that the meme token’s community is “bringing its groundbreaking PlayToEarn MMORPG game Valhalla to the heart of India with an explosive marketing campaign across Delhi NCR.” Per the announcement, this campaign kicked off on November 18, aiming to magnetize the Indian space toward the project.
Targeting key areas such as Delhi Airport, South Delhi Extension, and Connaught Place, the campaign aims to target over 650,000 people daily, bringing additional attention to the meme crypto and its ventures. Overall, this recent advancement has sparked significant investor enthusiasm as it paves a bullish path for crypto, given that the campaign enhances appeal across the Indian crypto space.
Notably, despite India’s unclear stance on digital assets, the nation still sees a remarkable amount of traders and investors partaking in crypto trading. This stat adds optimism surrounding the leading meme coin‘s crypto journey ahead.
Meme Coin’s Price On A Rally?
The weekly chart for the meme coin showed gains worth 32% at press time, sparking optimism among investors. Further, even the monthly chart mirrored gains worth 61%, indicating a strong rally. However, the intraday chart illustrated a 2% dip in FLOKI price, reaching $0.0002521, raising contrasting investor speculations on the token’s future movements. Nevertheless, it’s worth mentioning that broader events primarily paint a bullish scenario for the meme token.
Intriguingly, CoinGape Media reported that the meme coin’s price skyrocketed as Coinbase added it to its listing roadmap recently. This development has added to optimism about future movements, further accompanied by the latest marketing campaign. Crypto market enthusiasts continue to eye the coin for further price action shifts in the wake of an ongoing bull market and the abovementioned developments.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Bitcoin, Ethereum, Solana, XRP and the wider crypto market fell suddenly on Tuesday as Russian President Vladimir Putin signed a decree allowing wider use of nuclear weapons. Stock markets around the globe also saw sharp fall amid the reports. The move comes in response to US President Joe Biden’s authorization to Ukraine to strike Russia with US missiles.
Putin Approves Nuclear Decree, Dumps Stocks and Crypto Market
On November 19, Russian President Vladimir Putin signed a decree allowing Moscow to use nuclear weapons against a non-nuclear state if it is supported by nuclear powers. “Any attack by a nation in a military bloc will be considered an attack by the entire bloc,” as per the reports.
Stock markets around the world fell suddenly, reversing recent gains and creating a panic selling. Joe Biden’s approving Ukraine using missiles inside Russia has washed away President-elect Donald Trump’s push to bring peace between the nations.
The crypto market saw a selloff in the last few hours as longs were liquidated, as per Coinglass data. Bitcoin (BTC) and Ethereum (ETH) saw a nearly 0.50% drop, while altcoins XRP, Dogecoin (DOGE), Cardano (ADA) and others saw a more than 1% drop in an hour.
PNUT, RAY, XTZ, AKT and other recent gainers were the leading losers in the last few hours. PNUT price dropped 5% to $1.68.
Will Further Panic Trigger BTC Price Selloff to $82K?
US stock futures tied to S&P 500, Dow Jones Industrial Average and Nasdaq Composite also fell as trades took cues from European stock markets. In the pre-market hours Coinbase stock price fell 3% to $315.50 and MicroStrategy (MSTR) price dropped 1.31% to $379.76.
CoinGape reported that Bitcoin on-chain metrics and market sentiment suggested a 10% correction to drop to $80,000. The next key Bitcoin support zones are at $85,800-$83,250 and $75,520-$72,880.
Moreover, profit bookings are expected as the Crypto market fear and greed index indicates extreme greed, which could result in profit booking.
CryptoQuant CEO Ki Young Ju revealed that 99.3% of UTXOs are in profit now. “Everyone’s happy. This euphoric phase typically lasts 3–12 months (except Nov ’21 bull trap).”
BTC price fell 0.86% in the past 24 hours, with the price currently trading at $$91,274. The 24-hour low and high are $89,393 and $92,596, respectively.
Varinder Singh
Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Cryptocurrencies like Solana (SOL), XRP, Cardano (ADA), Tron (TRX) are taking charge with 15-90% gains over the past weekend. As Bitcoin and Ethereum moved sideways amid the altcoins pump, it has raised speculation about whether it is altcoin season. However, this rally remains incomplete without the ETH price surge as the world’s largest altcoin takes some rest at $3,000.
When Will the Altcoin Season Start?
The real rally hasn’t yet started! Historically, altcoins have outperformed during consolidation phases following major rallies in BTC and ETH, as profits rotate into smaller-cap coins. QCP Capital noted that BTC dominance currently sits around 60% but would need to drop below 58% to confirm the start of an altcoin season.
In its report, QCP Capital shows that the Solana price has witnessed a quick uptick over the last weekend gaining 17%, and is holding up to the crucial resistance of $240. Analysts at QCP noted that the pro-crypto stand of the Donald Trump administration has triggered a euphoria for an impending altcoin season.
They also added that the BTC price eyes $100K amid favorable conditions. However, as the Trump administration resumes office in January, the investor appetite for altcoins could increase with the hope of favorable crypto policies.
Despite Bitcoin ETF outflows last Thursday and Friday, BTC maintains robust support, driven by institutional interest. Furthermore, top corporations like MicroStrategy and Metaplanet have continued with massive Bitcoin purchases even at $90,000 levels.
ETH Price Rally Remains Crucial
While the altcoin market has given staggering returns, the ETH price gains didn’t witness expected gains. After hitting a high of $3,444 in early November, Ethereum has retraced nearly 10% since then. Price of ETH today has bounced back 1.13% at press time after finding strong support at $3,000 levels.
Popular crypto analyst Ali Martinez noted that there’s a strong demand zone at $3,000 as 2.82 million addresses accumulated over 6.14 million ETH. It will act as a strong support for an Ethereum rebound in order to contribute to the altcoin season.
Additionally, the Ethereum Logarithmic regression model suggests that the price can rally to $9,200 at the top of the band by May 2025. If the rally extends further as per the historical trends, it can also rally all the way up to $17,600. It indicates that analysts anticipate altcoin season next year.
Crazy good data model by @intocryptoverse:$ETH topped at band 10, bottomed at band 2 in the first cycle; then it topped at band 7, bottomed at band 4 in the second cycle.
The range is getting coiled into a triangle
band 6 top by mid 2025 = $9.2k #Ethereum, band 7 = $17.6k… pic.twitter.com/ka3PvQr7jD
— venturefounder (@venturefounder) November 19, 2024
Furthermore, the spot Ethereum ETF has seen renewed interest following the Donald Trump victory, thereby turning the net flows positive.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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