Why big investors are accumulating Dogecoin DOGE and Shiba Inu SHIB in the market before the hal

Mondo Finance Updated on 2024-02-21

While Bitcoin appears to be dormant above $52,000, a harbinger of possibility**, altcoin season is in full swing, and this is especially evident in the volatile space of meme coins. Unlike previous seasons, the coins made quick and significant jumps, and this time, they took a more cautious pace. This slower approach may be a harbinger of a bull market to come, especially as we approach the Bitcoin halving event, which is now only 8,776 blocks.

The pre-halving ** is a moment ripe for opportunity, suggesting that now may be the ideal time to invest in the top meme tokens, Dogecoin (DOGE), and Shiba Inu (SHIB), which could then soar. DOGE has shown a steady uptrend, up 6% over the past week**, although it is still trying to end the month on a high note. SHIB, on the other hand, buoyed by the success of the Shibarium project, continued to build on February's gains** and edged up to 2 this week5%。Interestingly, over a 90-day period, Shiba Inu (SHIB) outperformed Dogecoin (DOGE), indicating a more stable medium-term growth trajectory.

In this landscape, a new player – Scapesmania (Mania) – is also making waves. Although the presale phase has ended, the crypto community is eagerly awaiting the upcoming token generation event and subsequent listing on decentralized exchanges.

Ride the wave of innovation with Scapesmania

The public sale of Scapesmania ended and became a hot topic in the crypto community. The project has managed to raise over $6,125,000 at an unprecedented rate, and there is a good chance that the token's value will grow exponentially in the future.

The focus has shifted to the Token Generation Event (TGE), which will take place from February 25 to March 9. The token pool is smaller than before and the conditions are better than the market average, so the opportunity to maximize potential returns is rapidly decreasing. It would be a huge waste to let it slip away now, especially since you can join with just one click of the mouse.

Your last chance to boost your potential post-IPO returns

The team behind Scapesmania has years of expertise in developing a robust post-market marketing strategy. Buybacks, burns, staking, and all the benefits for holders continue to attract new adopters, while also ensuring a high level of community participation. Through DAO governance, proponents will be able to influence and benefit from the growing industry.

In addition, the utility of the token is impressive. This isn't another meme coin whose success relies heavily on trends and hype. Scapesmania ($mania) is a well-balanced, well-designed project that acts as a gaming ecosystem. As a multi-billion player in the casual gaming industry, it has capitalized on the growth potential of the market. After the debut, holders can expect greater liquidity and easier trading. A robust token management plan will further increase the long-term growth potential.

So far, the community's excitement about the project has been palpable: the number of followers has reached 60,000+. In addition, the growing interest from crypto whales who have deposited more than $20,000 is likely to accelerate Scapesmania's transition from niche to mainstream.

Scapesmania's smart contracts have been approved by a well-known security ranking company, ensuring peace of mind for holders. In addition, the PancakeSwap listing is coming soon, and the CEX listing is still ongoing.

Scapesmania is also known for its cliff-and-cash structure that prevents token dumping, ensuring that supply and demand are perfectly matched to potential growth.

Make sure you don't miss out on taking advantage of all the discounts and potentially beating the market when TGE is coming. Hurry up if you want to be the first to get all the post-listing opportunities, it can be very lucrative.

>>> TGE alerts to stay up to date with the latest news <<

Dogecoin: Breaking transaction records

Driven by a 140% surge in trading volumes, Dogecoin (DOGE) is showing signs of a strong recovery from its recent decline. The increase in trading activity has propelled DOGE back into the top 10 cryptocurrencies by market capitalization. Since late January, and especially around January 30, the network has consistently surpassed 1 million transactions per day, peaking at nearly 2 million. A series of activity reported by IntoTheBlock highlights the significant rise of the Dogecoin (DOGE) ecosystem, closely linked to its ** move.

Dorecoin (DOGE) Technical Analysis

From a technical point of view, DOGE is currently trading at the first support level of 0$0805 and the first resistance level of 0$0894.

Exponential Moving Flat ** EMA) paints a hopeful picture with a 10-day EMA of 0$0871, slightly higher than the current **, while the 50-day and 200-day EMAs are 0., respectively$0848 and 0$0826, providing a bullish backdrop.

The Relative Intensity Index (RSI) is 5327, indicating that Dogecoin (DOGE) is neither overbought nor oversold, providing room for volatility in either direction.

Also, the Stochastic %k is 4882 with an average directional index (ADX) of 3012, the Commodity Channel Index (CCI) is 541. Indicates the potential for momentum to increase.

The MACD level is at 00009, the kinetic energy is located at 00011, further supporting the potential for change.

dorecoin (doge) *

Considering the underlying scenario, the bullish scenario for Dogecoin (DOGE) could break above 0$0894 and targeting the next resistance level of 0$0932 and 0$1021, which is underpinned by speculation about a Ferrari partnership and whales accumulating millions of doge. Dogecoin's vision is to expand the utility of DOGE through integrations with e-commerce platforms like Shopify and other merchants, which could also drive a sustained upward trajectory.

On the other hand, if DOGE fails to maintain its momentum, a bearish scenario could occur, which could lead to a retest of 0The first support level of $0805. Influenced by market sentiment and broader cryptocurrency market trends, further ** may approach the lower support line at 00754 USD and 0USD 0665.

Shiba Inu (SHIB): A Milestone and NFT Revolution for Shibarium

The latest update to the ShibariumSCAN browser shows that Shibarium, a layer-2 blockchain designed for Shiba Inu (SHIB), has achieved two important milestones, marking a significant expansion in its utility. This includes creating more than 3A new transaction record of 600 million SHIB transactions, and an impressive surge in daily volume to 3 million. In addition, the Shiba INU (SHIB) team is innovating by introducing ShebosHis NFTs on the new ERC-404 standard, targeting the female group of the SHIB community. Upgrades to the Shiba Eternity game and enhancements to the Play-to-Earn feature also paint an optimistic picture of the future of Shiba Inu (SHIB).

Shiba Inu (SHIB) Technical Analysis

From a technical point of view, SHIB is currently at its first support level of 000000928 dollars and the first resistance level of 0Run between $00001012.

The EMA shows convergence and the 10-day EMA is 000000982 dollars, 50-day EMA is 000000969 dollars, 200 days EMA is 000000946 USD, indicating that there is a possibility of consolidation.

The RSI is 555, indicating a neutral market sentiment, while the Stochastic %k value is 649, indicating increased buying pressure.

However, 15A low ADX of 2 implies the lack of a strong trend, with the MACD level and momentum indicator showing minimal positive divergence, indicating cautious optimism.

Shiba Inu (SHIB) *

Considering the underlying scenario, the bullish case for Shiba Inu (SHIB) includes a breakout of 000001012 the US dollar and aim for a higher resistance level of 000001051 dollars and 000001135 USD. The increasing utility and trading volume of Shibarium, coupled with the expected integration of Sheboshis NFTs and enhancements to the Shiba Eternity game, are likely to drive this upward trend.

On the other hand, in a bearish scenario, SHIB will fall back to support, especially if it is unable to sustain the current buying momentum. Falls below 0$00000928 could lead to a test of 000000883 USD and 000000799 lower support level for the US dollar.

Conclusion

With the altcoin season on the horizon, Dogecoin (DOGE) and Shiba Inu (SHIB) stand out for significant developments and promising technical indicators. Rejuvenated by the surge in trading volumes, DOGE oscillates between key support and resistance levels, promising to create a potential momentum. Meanwhile, SHIB is also trading between key technical indicators, boosted by Shibarium's record-breaking trade and Sheboshis NFT launch, hinting at a possible consolidation, but also cautiously optimistic. In the pre-halving**, both Dogecoin (DOGE) and Shiba Inu (SHIB) presented interesting scenarios for investors, balancing the edges of a bullish and bearish trend in a market full of opportunities and challenges.

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