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SHIB and DOGE News: The cryptocurrency market started September with a downward trend, and meme coins also experienced a decline as Bitcoin fell back to $58,000. However, the two leading meme coins, SHIB and DOGE, have been trading in critical support zones, including last August, and have shown no signs of recovery. Shiba Inu and Dogecoin, which have experienced double-digit losses in the past month, continue to trade under downward pressure throughout the day.

The DOGE price is unresponsive to recent developments

The dismissal of Elon Musk's lawsuit related to Dogecoin manipulation last week was echoed as a positive development. Then Musk announced that DOGE would be used again as a cryptocurrency in Tesla payments. Musk, who had previously made a similar announcement, had announced that they were trying to implement a payment system that would allow customers to buy various products from online stores with DOGE meme coin.

However, the online platforms' infrastructures were not yet ready for crypto payments, and there were discussions about how to integrate this into the system. Then, Dogecoin payments, clarified with Elon Musk's recent approval, did not have a positive impact on the price as expected.

When looking at the technical graph of DOGE from CoinMarketCap, the meme coin's price, which has decreased by 2% in the last 24 hours, continues its downward trend, having not contracted by 11% in the past week and 17% in the past month. The meme coin price, moving within a descending trend on the four-hour candle chart, is trading below the 50 EMA. The RSI index rose during the day, exceeding the 50 level and standing at 53. Lastly, DOGE price fell below the $0.10 support to trade at $0.09728, with trading volume increased by 87%.

Why isn't the SHIB price rising with token burning?

According to the Shiburn data, X account sharing SHIB burning rates on an hourly basis, $1,043 worth of SHIB was burned in the last 24 hours with two transactions. According to last month's data, a total of 680,798,109 SHIB was burned with 118 transactions. The burning rate increased by 79 percent compared to last month, but the reduction in supply in the market did not have an impact on the price.

The amount of tokens burned throughout the whole month is not more than $9000 when viewed in terms of dollars. Despite the small amount, it is expected to have a positive impact on the system with a systematic burning activity in the long term. In addition, the mysterious leader of Shiba Inu, Shytoshi Kusama's posts and developments in the Shiba ecosystem do not have a positive effect on the price as in the past. Especially Kusama's optimistic posts over the weekend and his statements regarding token burning did not affect the price.

SHIB technical chart EMA and MACD Source: CoinMarketCapIn addition, the price of SHIB, which is moving within a downtrend, is trading below the $0.000015 support at $0.0000135. The daily candle chart of the altcoin, which has lost 13% in the past month, has been continuously moving in a declining trend since July 14th. The price is trading below the 50 EMA. The MACD indicator is in the negative zone, and the signal line crossing the MACD signals a strengthening downtrend. The DMI index, which indicates the strength of the trend, shows the decrease of the positive DI and the increase of the negative DI, signaling an increase in selling pressure. The RSI value has fallen below the neutral level of 50 in the past 2 weeks and is at 42.

However, the on-chain data provides more hope for SHIB than technical indicators. Santiment data indicates an increase in social dominance and a growing interest from investors. The decline in the price of SHIB and DOGE coins, which are meme coins with long-term optimism and potential for growth, is attributed to the overall market sentiment since mid-September, showing a general improvement in the price of both meme coins.

The information in the text is purely for informational purposes. It does not constitute any investment advice. Cryptoparahaber.com is not responsible for any profit or loss arising from your investments. Ultimately, investment is based on many factors such as knowledge, experience, research, and personal decisions.

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According to the CoinMarketCap ranking, Aave (AAVE), the 41st largest cryptocurrency in terms of market capitalization, continues to maintain its upward momentum with significant updates. While the cryptocurrency market was trading in the red zone at the end of August, Aave, a resilient DeFi token, has been moving within a stable growth trend for the past 10 days. Outperforming the overall market, the altcoin has also been at the center of significant whale movements in recent times.

Developments on the Aave blockchain support the rise

In a blog post published on August 21, the altcoin announced the ZKsync Era Mainnet integration, expanding its DeFi user base by unveiling new institutional use cases, which is an important step in scalability and privacy. This integration, which is quite critical for security, aims to provide reliable price feeds. The Aave protocol, which offers faster transactions and thus attracts a wider user base, is considered an exciting development in the altcoin team, strengthening the potential of the asset as a future scaling solution.

With this development, which is referred to as Aave V3 process, the altcoin, which has entered a period of stable growth, has attracted significant investor interest as one of the DeFi protocols. In the last month, the altcoin, which has grown by 19%, has seen a 24% increase in Open Interest (OI) rate in the past 24 hours, according to Coinglass data. The 21% increase in volume indicates an increased investor interest in OI support.

Can Aave (AAVE) sustain its rise?

The Aave price has increased by 8 percent in the last 24 hours, reaching $130. Despite some retracement, the altcoin has managed to hold above the $130 level. Its trading volume has increased by 13 percent, and its market value has grown by 9.54 percent, reaching $1,932,119,494 ADB.

Aave technical chart Source: CoinMarketCap The altcoin's price is in an upward trend above the 50 EMA on the technical chart. While +DI is at 24 level in the DMI index, -DI is in the 14 zone, indicating a strengthening upward pressure on the price.

A cryptocurrency moving within a bull channel has its MACD indicator in the positive zone. However, the signal line intersecting the MACD trajectory in an upward direction creates uncertainty for the future price. With the improving market conditions, if the altcoin momentum can be sustained, it may first rise above $135 next month, and then above $150.

The information in the text is for informational purposes only. It does not constitute investment advice. Author and kriptoparahaber.com are not responsible for any profit or loss resulting from your investments. Ultimately, investment is based on various factors such as knowledge, experience, research, and personal decisions.

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Pepe News: Meme coins are having a tough month along with general market movements, and popular meme coin Pepe has lost 32 percent of its value in the last month. While the declines raise concerns among investors, whale movements and transfers over the last two days have begun to attract attention. In addition, the current price of the meme coin is moving close to the critical support level of $0.0575.

PEPE whales have been active for the past two days

On August 28 and 29, Pepe whales are regularly making sales and transfers. On-chain data mostly signals a bear market, but according to IntoTheBlock data, there was a $8.96 million outflow on August 28. It is noteworthy that in the last three weeks, whales have started to accumulate Pepe during the price drops of the meme coin. According to the data announced on the Stoponchain platform, a whale that previously bought on July 25 made a purchase of 1.34 million PEPE coins on August 28.

Source: According to the StoponchainPlatform's announcement, Whale 0x612 bought 173.023B PEPE for a total of 1.34 million US dollars. The new move of the whale, who previously sold 170.2 billion coins at the end of a 9-month period in July, earning 1.77 million dollars in profit, raised the question of a new buying opportunity. The whale, who made a profit of 886 percent, may have taken the opportunity to buy at the bottom, especially in the meme coin, which has shown a downward trend in the last month.

PEPE price analysis: How will meme coin move in September?

The meme coin market, along with the general cryptocurrency market, has had a tough summer. Some recovery is expected in the fourth quarter of 2024 due to global events such as the Fed interest rate cut. However, the prevailing view is that the sideways trend will continue in September. It is thought that Pepe's price may show better performance in September and will rise at the end of 2024 with the best meme coins.

PEPE graph Source: CoinMarketCapWhen we look at the current graph, it can be seen that Pepe, a popular shitcoin, has been moving in a weak trend for the last five days. 50 EMA is moving above the price and the Relative Strength Index (RSI) is below the 50 level at 46. The trading volume of the meme coin, which is trading in the neutral zone, has decreased by 30%, and the current price has risen by 8% in late trading hours, trading at 0.058138 dollars.

The information in the text is purely for informational purposes. It does not constitute investment advice. The author and kriptoparahaber.com are not responsible for any profit or loss arising from your investments. Ultimately, investment is based on many factors such as knowledge, experience, research, and personal decisions.

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While the meme coin market traded in the red zone over the weekend, Solana's popular meme coin Dogwifhat (WIF) was showing an upward trend against the declining market conditions. WIF, which has been showing a consistent rise for the past five days, has been the focus of strategic whale transfers for some time.

Dogwifhat (WIF) whale buying is increasing

In the past week, Dogwifhat, which has been trading above 1.40 dollars, has risen by 31 percent since the beginning of last week, making it one of the most profitable meme coins. With the market recovery, whale transfers are thought to be behind this rise. Since last week, whales have made multiple large WIF token transfers and purchases.

Source: According to the latest data, an unidentified whale has deposited 21.9 million WIF tokens into the Solana protocol. The whale then made a purchase of 1.8 million WIF, followed by a third purchase of 1.92 million dollars worth of Dogwifhat tokens. Looking at the total data, the whale, which has a WIF wallet worth 28 million, also influenced market movements with its recent buying and selling activities.

WIF token price view

WIF, with a market value of 1,901 million, experienced a 1.5-point decline during the day in line with the general retreat in the meme coin market. At the time of writing, the trading volume of WIF token, trading at 1.90 dollars, decreased by 17 percent.

WIF technical chart Source: CoinMarketCap The +DI, -DI line in the DMI index, which provides information about the direction of the trend, indicates that the uptrend may continue by crossing upwards. Similarly, the MACD indicator is also moving above the signal line. While the Dogwifhat token is moving in the bullish zone, the PlayDoge, which is in the pre-sale stage, ends on August 26th.

PlayDoge (PLAY) in the final stage

PlayDoge, which brings the Doge meme theme to the play-to-earn (P2E) sector, announced that it has raised more than 6 million dollars as it enters the final stage. The game, based on nurturing a virtual pet with 2D pixel art in a Tamagotchi style, allows players to earn PLAY tokens. The game, which can also be played on the app, promises a more enjoyable experience with touch game controls.

Visit PlayDoge Token

In addition to the game theme, it allows earning an annual 72% APY by staking PLAY tokens. In the final stage, 1 PLAY token can be purchased for $0.00531 in the PlayDoge project. Finally, PLAY tokens, which can be purchased with BNB, in addition to ETH, USDT, and credit cards, can be added to the wallet at advantageous prices before being listed.

The information in the text is purely for informational purposes and does not constitute investment advice. The author and kriptoparahaber.com are not responsible for any profit or loss resulting from your investments. Ultimately, investment relies on various factors such as knowledge, experience, research, and personal decisions.

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The cryptocurrency market is rising along with Bitcoin, while AI tokens are trying to recover from their losses over the past three weeks. AI tokens moving within the rising trend since the beginning of the week are NEAR and FET. Along with the overall optimism in the market, the two altcoins that continued to rise over the weekend also carry signs of a bullish rally with technical indicators.

NEAR network is growing with updates

The artificial intelligence token NEAR Protocol, which has risen by 25% since last week, implemented the Nightshade 2.0 network upgrade on Saturday to increase scalability. In addition, it has reached the highest peak in the last three weeks, rising by 6% in the past 24 hours to $4.98. The rapid growth in the NEAR community, which has reached 120,000 members, has strengthened the AI token.

NEAR technical chart Source: CoinMarketCap The altcoin, which also shows an upward momentum in its technical chart, has approached the zero zone for the MACD line. The Relative Strength Index (RSI) has been trending upwards for the past four days. If it can maintain the upward momentum, NEAR may retest $6.4 and then $8.7 with the market recovery.

FET AI token is in a strong uptrend

Regardless of market fluctuations, FET, one of the tokens with the highest increase during the week, is trading above the 50-day Exponential Moving Average (EMA). At the time of writing, FET, trading at $1.26, has its MACD indicator moving above the signal line and approaching the zero point on the graph.

FET Technical Chart - RSI Source: CoinMarketCap The positive DI in the DMI index has been moving upwards for three days, above the ADX and signal lines. This raises optimism for the upcoming period, while the RSI value approaches the overbought zone of 70. If FET can continue its upward trend, it can easily rise above the $1.47 level.

Crypto All-Stars raised over 700,000 funds!

While AI tokens are growing, meme coins are also showing a strong rise over the weekend. However, it is unknown whether this rise, which is based on general market movements, will continue. Crypto All-Stars, which brings together popular meme coins, offers an advantageous opportunity for crypto stakers.

Buy Crypto All Stars

Crypto All-Stars; PEPE, SHIB, FLOKI, and many other meme coins are brought together on a single platform to enable staking. Crypto All-Stars, which launched the world's first integrated staking with the MemeVault ecosystem, is selling 1 STARS token for $0.0014022 in the presale. Additionally, the project has raised $724,152.6 in funding within a short period of time and promises an annual staking return of 2019 percent.

The information in the article is purely for informational purposes. It does not constitute any investment advice. The author and kriptoparahaber.com are not responsible for any profit or loss arising from your investments. Ultimately, investment is based on many factors such as knowledge, experience, research, and personal decisions.

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Altcoin news: Last week, Solana struggled in a narrow range, following the fluctuations in the cryptocurrency market. On Saturday, August 24th, SOL price surged after the news of Federal Reserve Chairman Jerome Powell's interest rate cuts and the increase in Bitcoin price, also influenced by the political events surrounding Donald Trump.

However, crypto analyst Ali Martinez predicted the future of the altcoin by identifying an important formation on the SOL charts.

Why is the Solana price rising?

Solana price has been quite stagnant for the past seven days. The charts have been predominantly red. However, with the market recovery in the last two days, SOL price has shown a 10% increase. Behind this rise are the news of Robert F. Kennedy's withdrawal from the presidential election and his support for Trump, which is closely related to US policy, as well as the news of Solana ETF approvals. R.F. Kennedy's withdrawal has strengthened Trump's pro-crypto stance and optimism in the crypto sector.

In addition, the approval of Solana ETFs in Brazil weakened the SEC's stance on Solana EFTs. Subsequently, Solana's new partnership with Casio had a positive impact on the price. Moreover, this development will increase the adoption rate of the altcoin.

Ali Martinez: New formation on SOL chart

Popular crypto analyst Ali Martinez explained in one of his recent X posts that the Solana chart is forming an Adam and Eve pattern, which usually occurs within a downtrend. This formation indicates a reversal of the ongoing trend and suggests a rise after two bottoms formed in a V and U shape. According to Martinez, if the SOL price surpasses this resistance level, it could show a 33% increase, potentially reaching $220, indicating the price of the altcoin.

Source: XSince the beginning of August, SOL price has been trading below the resistance level of 170 dollars. Its highest peak in the last month was at the level of 163 dollars and it has not yet reached this level with its current rise. In order to reach the analyst's target of 200 dollars, it needs to surpass the resistance of 163 dollars first.

Current SOL analysis

Finally, when we look at the SOL chart, the altcoin is supported at $157 with a 9.81% increase and the rising trend is supported by a 116% increase in trading volume. When we look at the technical chart, on Friday, August 23, the +DI line in the DMI indicator signaled the upward trend by cutting the negative DI index upwards.

Solana technical chart Source: CoinMarketCap It is also considered a positive sign that the price candles began trading within the green-colored Ichimoku Cloud. The Relative Strength Index (RSI) is currently at 56 in the neutral zone. With technical data giving positive signals, if the price of the altcoin exceeds 160, it could move towards its highest peak five months ago, which was $210. As Solana continues to recover, play-to-win crypto projects like Meme Games, which are inspired by the 2024 Olympics, are also attracting attention.

The official meme olympic games of 2024 Meme Games

Inspired by the theme of the Olympic Games, Meme Games is based on the competition between five different meme characters in various games. Developed in a competitive game theme, each contestant has an equal chance of winning within the game.

In the Meme Games, there is a chance to earn a 25% bonus on the first participation. Thus, the Meme Games project, which tries to attract more users, offers the advantage of getting MGMES tokens early in the presale stage without increasing the price after the launch.

Visit Meme Games

1 MGMES token is trading at $0.0093 at the time of writing this article. The project, which quickly raised $1,093,190 in the presale phase, is starting to strengthen in terms of the community and may enter the high potential cryptos after the launch. Lastly, Meme Games, which also has staking advantage, offers a 492% annual passive income. It is possible to add MGMES tokens to the wallet via ETH, USDT, and BNB to take advantage of early purchase.

The information in the text is purely informative. It does not constitute any investment advice. Cryptoparahaber.com is not responsible for any profit or loss resulting from your investments. Ultimately, investment is based on many factors such as knowledge, experience, research, personal decisions, etc.

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SunPump News: While August has been tough for the cryptocurrency market trying to maintain its market value above 2 trillion dollars, TRX has demonstrated a weekly growth of 20% thanks to SunPump, Tron coin's new meme coin platform that has been occupying investors for a while.

TRX has reached its highest peak since 2021, earning a revenue of only 3.84 million in the last day. As TRON rapidly grows, SunPump is creating an environment that will change the perspective on meme coins.

SunPump increases competition for Solana

Meme coins on SumPump, which launched over 7000 tokens in less than two weeks, significantly boosted the TRX momentum and network activities, can be a competitor for the Solana meme ecosystem. The platform, which earned over $1.1 million in just 11 days, has raised network fees to an all-time high. However, the Solana meme coin ecosystem has faced a decline in user interest.

Source: CoinGecko SunPump, created by Tron founder Justin Sun, outperformed the Solana meme ecosystem in daily token launches, but it remains uncertain whether it will sustain investor interest in the future. According to the latest data from CoinGecko, the market value of the SunPump ecosystem is $230 million, while the Solana meme coin platform has a value of $251.17 billion.

Although it is not currently in a position to compete with the Solana ecosystem, SunPump stands out as the "first adil meme launch platform", with meme coins such as Sundog, FoFar, and Suncat taking the lead.

Current situation in market-leading meme coins

With Bitcoin rising back to $61,000, the cryptocurrency market has seen some movement, and meme coins have gained an average of nearly 3% on the last trading day of the week. Looking at the weekly perspective, Pepe price has risen by over 15% and is trading at $0.058119. The meme coin with the highest increase is Floki, which has seen a 22% increase. FLOKI, trading at $0.00012377, has also attracted attention with its increase in trading volume. Brett price has increased by 15% on a weekly basis and is trying to reach its weekly highest peak of $0.103.

Meme coin market / CoinMarketCapSolana meme coin WIF is trying to hold above the $1.62 resistance. The meme token, which rose 18% weekly, is subject to major whale movements and price predictions are changing. On the other hand, DOGE price became one of the memes that moved stably on a weekly basis. The meme coin, which rose 9% weekly, is trading at $0.1081.

When looking at the second largest meme coin Shiba Inu, SHIB has risen by 10% weekly and is trading at $0.00001452. Additionally, as the SHIB price continues to recover, Shiba Shootout, inspired by Shiba Inu, stands out as a play-to-win token that requires speed and strategy.

Shiba Shootout offers early buying advantage

Shiba Shootout, a play-to-earn (P2E) game with a Wild West theme, is a project that stands out with its duels and events in the town square. In the game, which features fun and unique characters, players have the opportunity to vote on decisions that will affect the platform, accumulate savings in their wallets, and earn tokens through lucky lasso games.

With its features, the play-to-earn token, which could have a special place in the crypto ecosystem, enters the ranks of strong meme coins after raising a total of 1,024,375.7 dollars in the pre-sale stage, with strong growth potential after launch.

Visit Shiba Shootout token

In the Shiba Shootout project, which currently offers a passive income of 922%, 1 SHIBASHOOT token can be added to the wallet for $0.02. As the project is in the pre-sale process, it offers investors the opportunity to buy at a low price, as it goes through a gradual price increase. Finally, it is possible to buy SHIBASHOOT tokens with BNB, in addition to ETH, USDT, and card payments.

The information in the text is for informational purposes only. It does not constitute investment advice. Yazar and kriptoparahaber.com are not responsible for any profits or losses resulting from your investments. Ultimately, investment relies on various foundations such as knowledge, experience, research, and personal decisions.

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Bitcoin news: Bitcoin followed a volatile trend in August and traded in a narrow range between 58,000 and 60,000 dollars. As global economic tensions and the upcoming US elections push cryptocurrencies towards an uncertain future, 10x Research shared that Bitcoin is at a potential upward threshold. According to the latest analysis by 10x Research, BTC is moving within a triangle formation, and a new correction could occur towards the end of September.

Bitcoin (BTC) could recover by the end of 2024

10x Research, which summarizes its analysis in 6 points, stated that despite Bitcoin's inability to break out of the triangle formation after its recent rise, it has shown signs of recovery. It stated that the market is showing signs of improvement in technicals and that there may be a rise towards $65,000.

A report suggesting that the closing of short-term positions in Bitcoin after the August 5th crash could lead to a price movement, predicts that the BTC price could rise along with the momentum in the US stock markets on traditional exchanges.

Source: X 10x ResearchIn a report explaining how current events will affect the market-leading crypto, the effects of the FOCM meeting in September were discussed. Accordingly, the debate over the Fed's interest rate cuts may be triggered. Additionally, the Fed's interest rate cut could serve as a significant catalyst that could trigger a rally in the crypto market.

Potential Risks of the US Elections on Bitcoin

The most important technical detail in the 10x Research research report will be the impact of the upcoming US elections and the Kamala Harris and Trump debate planned before that on the market. The report reveals that after the Trump assassination, there was a recovery in the crypto markets, but it has been revealed that the strengthening of Harris' position currently raises uncertainty about how the markets could be affected by the election process.

10x Research warned investors to be prepared for a technical breakout that could occur in either direction. Technical data supports a recovery in BTC price, but highlights increased risks with institutional sell-offs and the possibility of a breakout in both directions in the triangle pattern.

August 22 Thursday: Current Bitcoin analysis

The cryptocurrency market rose back to $60,000 on Thursday, August 22. The price of Bitcoin is currently trading at $60,926 with a 2.70% increase, and the 30% increase in trading volume is supporting the price rise. Looking at the technical chart, the price is below the Ichimoku Cloud.

BTC technical chart MACD indicator signaling a possible improvement by crossing the signal line in the negative zone. The DMI index, which helps determine the direction of the trend, shows that +DI is below the -DI index. ADX is moving sideways, indicating that the current trend may continue for a while. Finally, the Relative Strength Index is in the neutral zone above the 50 level.

When looking at the current crypto market movements, the best altcoins are rising with general market optimism. In the meme coin sector, Floki price and Brett price lead meme coins with an increase of over 5%. Market leader Doge, on the other hand, rose by a more modest 1.65%. PlayDoge, which brings Doge meme coin to the P2E Gaming category, is approaching the final stage of the presale process.

PlayDoge launch is approaching

PlayDoge (PLAY), which will end its presale on August 26th, is a crypto game that requires taking care of a virtual pet in a Tamagotchi-style. To earn PLAY tokens in the project, it requires participating in in-game activities and ensuring the well-being of the pet. The PLAY tokens, which are in the final stage of the presale and can be purchased at lower prices before listing, are sold for $0.00531.

Visit PlayDoge Token

The play-to-win crypto project, which also has a staking mechanism, offers a 74% annual return according to the latest data. PLAY tokens can be purchased with Ethereum, USDT, and card, and can also be added to the wallet on the BNB network.

The information in the text is purely for informational purposes. It does not constitute any investment advice. The author and kriptoparahaber.com are not responsible for any profit or loss arising from your investments. Ultimately, investment is based on many factors such as knowledge, experience, research, and personal decisions.

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