Altcoin
Shiba Inu’s Shytoshi Kusama Confirms India Visit, What Is In Store?
In a groundbreaking move, the enigmatic Shiba Inu project lead, Shytoshi Kusama, has confirmed his next destination: Mumbai, India. This announcement follows his electrifying appearance at the IVS Conference in Kyoto, Japan. During his Kyoto visit, Kusma captivated the Shiba Inu community, also known as the SHIB Army, as he made his first-ever public appearance.
Shytoshi Kusama Confirms Another Public Apperance
As Shiba Inu lead developer, Shytoshi Kusama, announced his visit to India, the country’s SHIB community got excited. After the success of the recent Kyoto event, a similar frenzy could be witnessed along Mumbai’s shores. In a post on X, Kusama wrote, “Thank you, Kyoto! Great event @IVS_Official ! Next stop… Mumbai!”
Earlier, Kusama’s appearance at the Shiba Inu booth in Kyoto, as he previously hinted on his social media, was met with tremendous enthusiasm. The Shiba Inu lead was dressed in a black haori samurai ensemble and a Batman-style mask. Hence, he maintained his pseudonymous identity while engaging with the Shib Army and other crypto enthusiasts.
Moreover, the event was marked by photos and videos going viral within the Shiba Inu community, amplifying the excitement around the project. Furthermore, Lucie, Shiba Inu’s marketing lead, expressed her delight at this historic moment. She spotlighted highlighting the enthusiasm of the Japanese Shib Army.
In her tweet, she thanked the community and shared a photo of Kusama alongside a Japanese politician, emphasizing the significance of the encounter. In addition, a prominent Shib Inu community member from Japan, shared videos from the event. The videos showcased Kusama interacting with participants at the Shiba Inu booth.
Moreover, another video showed him shaking hands and signing a participant’s cap, further solidifying his connection with the community. Additionally, WeCreate3, a student community of Japanese Web3 enthusiasts, also documented their meeting with Kusama. They also expressed hopes for a future partnership with the Shiba Inu network.
Also Read: Shiba Inu Coin Surges As 360M SHIB Burnt Over The Week, More Steam Left?
Will Kusama Continue Meeting The SHIB Army?
Despite some skepticism regarding whether it was truly Kusama under the costume in Japan, the SHIB Army’s loyalty remains unwavering. The community eagerly anticipates future developments in the Shiba Inu project and Kusama’s contributions to the broader crypto ecosystem.
Moreover, Kusama’s visit to India is expected to be a significant milestone for the Shiba Inu project. It indicates a strategic move to engage with the global SHIB Army. The Indian crypto community, known for its vibrancy and enthusiasm, is likely to provide a warm reception to Kusama.
The event in Mumbai is anticipated to feature interactive sessions. In addition, it could also witness discussions on future projects, and perhaps more revelations about Shiba Inu’s roadmap. However, the actual details of the event are still under wraps.
Whilst, this announcement hints at further public appearances for Kusama for interacting with the SHIB Army. Earlier, the Kyoto meet was expected to be one-off-its-kind. However, with the revelation of a similar event in India, the Shiba Inu community is optimistic on Kusama’s continued global visits.
Also Read: Why Meme Coins Are Pumping Today?
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.
The crypto market today (March 13) has continued to keep investors hopeful, preventing a downtrend amid macro relief. With cooler U.S. CPI data released recently, risk assets have witnessed a positive market sentiment. Bitcoin (BTC) price topped the $84K level on Thursday, offering traders relief after a highly volatile session previously. Ethereum (ETH), XRP, and Solana (SOL) prices also maintained a trading session in the green zone, up 1%-3%.
Crypto Market Today: BTC Touches $84K, Alts Prevent Dip Amid US CPI Relief
Notably, CoinGape reported that the headline CPI dropped from 0.3% in January to 0.2% in February, signaling declining inflation. Also, the annual decline totaled from 3.0% to 2.8%, better than market expectations of 2.9%.
Historically, with reducing inflation in play, risk assets witness a boosted market sentiment. Moreover, the Core inflation, which excludes volatile items like food and energy, also hit a multi-year low at 3.1%.
In turn, BTC, ETH, XRP, & SOL prices witnessed some relief after a bloodbath post-Donald Trump’s tariff saga. The crypto market gained nearly 1.65% in the past 24 hours, with the market cap exchanging hands at $2.71 trillion.
BTC Price Touches $84K
As of press time, BTC price gained nearly 2% and closed near the $84K level. The flagship coin’s 24-hour low and high were $80,635.25 and $84,358.58, respectively. Bitcoin sees renewed market interest, as indicated by a 3% gain in its futures OI to $47.72 billion. Simultaneously, the coin’s market dominance gained by 0.08% to 61.36%, undermining the altcoin sector.
ETH Price Jumps 1%
ETH price gained only by 1% in the past 24 hours and exchanged hands at $1,889. The coin’s intraday low and peak were $1,832.02 and $1,954.57, respectively. Ethereum further lost market dominance by 1.66%, reaching 8.4% on Thursday. Nevertheless, ETH futures OI gained by 1.5% to $17.59 billion, underscoring rising investor interest.
XRP Price Up 3%
Ripple’s XRP gained 3% to $2.24, leveraging rising XRP ETF odds and the broader market trend. The coin bottomed and peaked at $2.14 and $2.26 in the past 24 hours. XRP soars in sync with the broader market trend, whilst its futures OI surged nearly 4% to $3.04 billion today.
SOL Price Gains 2%
SOL price gained by nearly 2% in the past 24 hours and closed in at $125. The coin’s intraday bottom and peak were $121.37 and $130.66, respectively. Solana mimics the broader market upswing today, with its futures OI up 2.5% to $3.64 billion.
Meme Crypto Market Gains Today
Simultaneously, meme coins have also witnessed an uptick in the past 24 hours, in sync with the relief to risk assets. Dogecoin (DOGE) price gained over 5% and exchanged hands at $0.1707. Shiba Inu (SHIB) price soared 2.5% to reach $0.00001228. Also, Pepe Coin (PEPE) led the meme coin market gains, pumping nearly 18% to reach $0.000007316.
Top Gainers In The Crypto Market Today
Pi (PI)
Price: $1.71
24-Hour Gains: +16%
Story (IP)
Price: $6.30
24-Hour Gains: +14%
Celestia (TIA)
Price: $3.68
24-Hour Gains: +12%
Top Losers In The Crypto Market Today
Ethena (ENA)
Price: $0.365
24-Hour Loss: -4%
Hyperliquid (HYPE)
Price: $13.42
24-Hour Loss: -4%
Movement (MOVE)
Price: $0.4792
24-Hour Loss: -3%
In conclusion, broader market sentiments revolving around the market’s future took an optimistic shift with cooling U.S. inflation. Further, a recent X post by Santiment revealed that Bitcoin’s total amount of holders (non-empty wallets) had reached 54.71 million, which is within 0.018% of the all-time high of 54.72 million. Despite the previous volatility, these stats have pushed investors to weigh optimism on the market’s long-term prospects.
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.
Dogecoin price is showing upside momentum, gaining 5.38% after reversing the trajectory from a crucial support level and eyeing further rally to $3. Additionally, the DOGE network has been expanding very fast with new addresses doubling over the past month. This shows that the ecosystem is making a strong base for a big upside ahead.
Dogecoin Price Eyeing A Parabolic Rally to $3?
Crypto analyst Ali Martinez has highlighted Dogecoin’s critical positioning within a key price channel. According to Martinez, DOGE is currently holding at a significant support level that could determine its next move.
“If this support holds, we might see a rebound toward the mid or upper boundary of the channel,” Martinez noted, suggesting the possibility of a bullish recovery to $3 and beyond.
Also, based on the stock RSI, the Dogecoin price could go parabolic moving ahead. During two previous instances of October 2023 and February 2024, when the stock RSI made a bullish crossover, DOGE price surged by 88% and 187% respectively. On the weekly chart, the stock RSI is once again setting up a bullish crossover, said Martinez. Thus, there could be a big rally ahead in the making.
Dogecoin Network Sees Significant Growth in New Addresses
Furthermore, analyst Marinez explained that the Dogecoin network has been expanding over the past month. The total number of new DOGE addresses has doubled over the past month, surging from 16,400 to 34,600. This increase highlights growing interest and adoption of the Dogecoin network, reflecting its continued prominence in the cryptocurrency market.
A DOGE Bull Run Is In the Making
Crypto trader Tardigrade has identified a recurring pattern in Dogecoin price action, suggesting a potential bullish trend. According to the trader, DOGE typically forms an initial low as the Relative Strength Index (RSI) enters the oversold zone. This is followed by a second, lower low with the RSI maintaining a similar oversold reading. Tardigrade notes that if this historical pattern holds, Dogecoin could be on the verge of a significant DOGE bull run.
As of press time, the Dogecoin price is trading 5.7% up at $0.172 levels with the DOGE futures open interest surging more than 4% to $1.40 billion. and 24-hour liquidations soaring past $7.24 million. On the other hand, asset managers like Bitwise are pushing ahead for a Dogecoin ETF, which could trigger major activity for the meme coin.
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.
Altcoin
Dogecoin Whales Accumulate Amid Price Crash, Analyst Reveals Catalyst That Could Drive DOGE To $0.5
Crypto analyst Lumen has revealed a significant accumulation trend among Dogecoin whales, which provides a bullish outlook for the DOGE price. The analyst also mentioned what could drive the meme coin’s price to $0.5, marking a bullish reversal for Dogecoin.
Dogecoin Whales Accumulate As Price Eyes Rally To $0.5
In an X post, Lumen revealed that Dogecoin whales accumulated 1.7 billion DOGE ($298 million) in 72 hours, which he noted signals bullish sentiment ahead of a potential Dogecoin ETF approval. These whales’ accumulation has come amid a massive price crash for Dogecoin, which has dropped 20% in a week, falling from around $0.22 to as low as $0.16.
Lumen then went on to give a price projection for the foremost meme coin. He stated that if DOGE reclaims $0.2 before the ETFs approval, there is a possibility that Dogecoin could rally to $0.5 because of the liquidity of ETFs. He added that the world’s richest man, Elon Musk, could also resume bull posting about DOGE as he had done before.
It is worth mentioning that the US Securities and Exchange Commission (SEC) recently postponed the approval process for Grayscale’s Dogecoin ETF, suggesting that the pending DOGE ETF applications are unlikely to be approved anytime soon. However, despite this development, crypto analyst Ali Martinez has predicted that DOGE could soon rebound.
The analyst stated that investor sentiment around Dogecoin is at its most negative in over a year. Martinez added that historically, extreme fear has set the stage for major reversals. In line with this, he remarked that this could be a prime opportunity to be a contrarian.
Current State For DOGE
Crypto analyst Kevin Capital provided insights into Dogecoin’s current price action. He stated that DOGE has had a back test of the macro 0.5 Fibonacci level. It has also back-tested macro trend lines, including the 200-week Simple Moving Average (SMA) and Exponential Moving Average (EMA). Meanwhile, the meme coin’s 3-day Relative Strength Index (RSI) is at historical lows.
The analyst stated that if the Bitcoin price holds up and macroeconomic data and monetary policy adjust, then this might be the last opportunity to buy DOGE relatively cheaply. He added that a lot of factors are at play and there is a lot of work to do but the risk reward at this level is “superb” given the circumstances.
Crypto analyst Trader Tardigrade also provided a bullish outlook for Dogecoin. He stated that DOGE is forming a 5-wave Ascending Broadening Wedge and is approaching a breakout on the 4-hour chart. The analyst added that after a confirmed RSI bullish divergence, DOGE bounced back to the descending line of the wedge, indicating that a reversal may be imminent.
At the time of writing, the DOGE price is trading at around $0.16, up over 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Adobe Stock, chart from Tradingview.com
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