Recently, the level of excitement in the encrypted world has been higher than usual, which is not without reason. Huge hedge fund manager Paul Tudor Jones recently called on investors to shift their attention to Bitcoin and gold, rather than traditional stock markets

Recently, the level of excitement in the encrypted world has been higher than usual, which is not without reason. Huge hedge fund manager Paul Tudor Jones recently called on investors to shift their attention to Bitcoin and gold, rather than traditional stock markets. Why? He emphasized the unstable geopolitical situation and the rapid growth of US debt, which seemed to be an unprecedented challenge rather than just a minor problem.

In addition, the tense situation between Israel and Hamas has also raised concerns on the international stage. Paul is not the only one who holds this view. Large financial institutions, including JPMorgan Chase, are actively exploring blockchain technology, as evidenced by their partnerships with companies such as BlackRock and Barclays.

Dogcoin: The meme of roaring

2023 is like a roller coaster for dog coins. Although it has fallen by 17% so far this year, there is still hope, especially rumors that Dogcoin has been integrated into X (Twitter's successor). Elon Musk's love for Dogcoin is no longer a secret. May DOGE be the payment currency for the future X platform?

Price Analysis of Dogcoin (DOGE)

The market dynamics of Dog Coin (DOGE) have received much attention, especially discussions about its potential integration into various platforms. Interestingly, the price volatility of DOGE has decreased in recent September, and even to some extent has affected the volatility of Bitcoin. This trend indicates that DOGE may usher in a more stable future, which is a positive sign for the development of memes.

At present, the price of Dogcoin fluctuates within a relatively narrow range, around $0.06015, close to its 10 day moving average. This price trend provides recent support for DOGE, and if this trend can continue, it may push the token further towards a bullish direction. In addition, if DOE is able to break through the direct resistance level of $0.06760, it is likely to attempt to test and potentially break through the more important resistance level of $0.07312.

The 200 day moving average of $0.07046 is considered a critical threshold, and if DOGE can continue to maintain above this level, it will be a strong bullish signal indicating that tokens may face a potential long-term upward trend. Given recent price trends and market sentiment, these potential bullish signs are crucial for the future of DOE.

However, on the other hand, DOGE is close to the direct support level of $0.05655, and if it falls below this support level, it may seek the next support level, which is $0.05103. It is worth noting that the current price of DOGE is already below the 200 day moving average, indicating a certain cautious trend. If the 10 day moving average of $0.06015 starts to decline and falls below the above support level, it may indicate a short-term bearish trend. Therefore, any behavior that breaks through established support levels may lead to DOGE entering a more sustainable bearish market.

Nevertheless, the passion and attention surrounding DOGE cannot be ignored. As DOE may integrate into major platforms and reduce volatility, the future seems promising. However, there are still some challenges that need to be overcome. The key to the success of DOGE lies in maintaining low volatility and increasing adoption rates.

Chaigou (SHIB): A Bitcoin Substitute

Since its launch in August 2021, ShibaInu has made significant progress and has become the fourth most popular alternative to Bitcoin this year. Although the Shibarium agreement has achieved milestone achievements and has recently successfully broken through millions of blocks, SHIB tokens face some challenges.

A worrying trend is that more and more SHIB tokens are being transferred to exchanges, which may indicate that a large-scale sell-off is imminent. According to CryptoQuant data, the total supply of SHIB tokens on the cryptocurrency exchange has peaked in the past 50 days, reaching 169 trillion tokens. Especially on October 8th, with 1.3 trillion SHIB tokens entering the exchange, funds began to flood in on a large scale.

Price Analysis of Chaigou (SHIB)

The current transaction price of SHIB is between $0.00000688 and $0.00000793. It is slightly below the 10 day moving average of $0.00000709, which may indicate a short-term downward trend. If SHIB can successfully break through the direct resistance level of $0.00000851, it may develop towards a stronger resistance level of $0.00000956. However, caution is needed as the price is below the 200 day moving average of $0.00000854.

As SHIB approaches its first support level of $0.00000641, potential risks gradually increase. If it falls below this level, it may cause the price to plummet to the next support level of $0.00000536. Given the current bearish sentiment, traders should closely monitor these key levels and caution is recommended.

The recent Marketplace Fairness report shows that SHIB is becoming increasingly popular. According to Google search results, SHIB ranks fourth with 678000 searches per month, surpassing other well-known cryptocurrencies.

FlokiInu (FLOKI):

The release of 'Floktober' has attracted widespread attention from the cryptocurrency community, especially regarding FLOKI tokens. Recently, a public opinion survey conducted by the Floki community showed an increase in bullish sentiment. More than half of the participants (52.2%) believe that memes are highly valued because they possess solid basic principles and practical applications. In addition, FLOKI has established a strong brand reputation and partnership, which has led to 23.5% of survey participants expressing confidence in the project.

During a highly inspired AMA (ask me any questions) event, the FLOKI team revealed many of the future plans and progress of the project. Some suggestive tweets sparked excitement among community members. Of particular interest is the potential institutional adoption, with one of the core contributors strongly indicating a partnership with cryptocurrency market maker DWFLabs.

Although the specific details of the cooperation have not been made public due to the confidentiality agreement, the community is expected to release a major announcement soon. In addition, FLOKI has established a strong relationship with the respected market maker Wintermute, which may have a positive impact on the future of the token.

FlokiInu (FLOKI) Price Analysis

Currently, the transaction price of this token fluctuates between 0.0000158 and 0.0000204. If the price remains above the 10 day moving average of 0.0000175, it may challenge the direct resistance level of 0.0000204. Once it breaks through this level, it may continue to rise to the next resistance level of 0.0000224. Positive developments regarding recent events and potential partnerships may also support price increases.

However, if the token price falls below the support level of 0.0000132, there may be a bearish situation. A more severe downtrend signal will occur when the second support level, 0.0000086, is breached. Furthermore, it should be noted that the price of the token is currently below its 200 day moving average, which is 0.0000257456, which may be a red flag.

PEPE: The Meme in Dispute

Pepe was once widely regarded as a meme coin, but the controversial "sell up" scandal pushed it to the forefront. There are reports that the former head of OpenSeaVentures is suspected of using PEPE for money laundering, allegedly scamming up to $10 million from unsuspecting investors. Although this incident is unlikely to have an impact on Pepe's long-term value, it undoubtedly casts a shadow on his reputation.

Even more shocking is another incident where a group claiming to be a former member of Pepe's team extracted $15 million from Pepe's multi signature wallet, according to reports. In response, the remaining members of the Pepe team took swift action, stating that the suspected perpetrator had been expelled from the team and refused to use the wallet.

Throughout history, the price of Pepe has experienced significant fluctuations. From the historical low of $0.0000002764 on April 17, 2023 (an increase of over 2000%) to the historical high of $0.000004354 on May 5, 2023, it has since fallen by over 85%.

Price Analysis of PEPE

At present, the trading price range of PEPE is between $0.0000006577 and $0.0000008838. The 10 day moving average, positioned at $0.0000006878, is of great significance, while the 100 day moving average is located at $0.0000010461, which may indicate a potential long-term trend.

If PEPE can maintain its current momentum and successfully break through the direct resistance level of $0.0000009689, it is expected to challenge a higher resistance level of $0.000001950. Despite recent controversies, decisively breaking through these resistance levels, especially with the support of large trading volumes, may signal a recovery in investor confidence and a potential upward trend.

In addition, the recent scandal may put heavy pressure on PEPE. If the token faces selling pressure, it may fall below the first support level of $0.0000005167, and then may find the next support level at $0.0000002906. In addition, if the 10 day moving average currently positioned at $0.0000006878 intersects with a bearish price, it may indicate that the bearish sentiment in the market will continue for a longer period of time.

Given recent events, investors and traders should be more cautious when dealing with PEPE, wait for the clarification of disputes, and closely monitor the performance of tokens near these critical levels.

The trend of PEPE in the next few days may depend on investor sentiment and how the Pepe team effectively responds to these crises. It can be confirmed that the encryption community will closely monitor the development of PEPE.

BoneShibaSwap (BONE): A New Investment Worth Choosing?

On Telegram, the ShibariumTech team is full of vitality, and ShytoshiKusama, the chief developer of SHIB, elucidated some important issues surrounding BONE. He responded to concerns about unallocated BONE pledge rewards, the current lack of new validators, and specific measures taken by the development team. He emphasized that the team is adopting specific strategies to add validators to ensure network security. Adding too many validators at once may damage the integrity of the network, so a gradual increase method is needed.

In terms of rewards, Shytoshi stated that the rewards have been increased and will be distributed soon. He also explained in detail the mechanism of SHIB burn on Shibarium, indicating that this is the process of converting from BONE to SHIB, starting at $25, and this involves a large amount of BONE, so the entire process may take longer than expected. However, Shytoshi guarantees that the team is still working hard to improve the platform, even though the entire strategy has not yet been publicly disclosed.

BoneShibaSwap (BONE) Price Analysis

Currently, the price of BONE fluctuates between $0.6713 and $1.0902. Its 10 day moving average is $0.7705, which provides a more intuitive understanding of recent price behavior, while the long-term 200 day moving average is $1.0262.

If BONE is riding the wave of positive development and breaks through its direct resistance level of $1.3526, it may aim for a higher resistance level of $1.7715. This measure, especially supported by strong trading volume, may indicate an optimistic attitude and confidence in the market towards the Chaigou ecosystem, which is further driven by the integration of Chaigou ecosystem with platforms such as Bitcoin.

On the other hand, if the concerns expressed by ShibariumTech Group affect investor sentiment and BONE falls below its main support level of $0.5148, it may seek further support at the significantly reduced level of $0.0959. If there is a bearish cross between the 10 day moving average ($0.7705) and prices, it may indicate that the market will continue a negative trend. Given the potential development and dialogue of BONE, it is recommended that investors and traders remain cautious and vigilant.

The future development trajectory of BONE largely depends on the efforts of the development team and broader market sentiment. No matter what happens, BONE remains an interesting token in the cryptocurrency field.

conclusion

The craze for memes does not seem to have slowed down. Despite the volatility of these assets, their popularity and adaptability are still astonishing. With the trend of potential integration and increasing adoption, the meme market will undoubtedly usher in a royal roller coaster. Investors and enthusiasts should act cautiously and arm their teeth with solid research and understanding. In the field of encryption, fate may change even faster than saying 'Bob is your uncle' - or even faster than memes' fleeting moments.

Thank you for your support, we will see you next time!