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Crypto traders gambling money against celebrity meme tokens The majority of the meme tokens inspired by celebrities are performing very well in this crypto bull phase. Meme tokens are those crypto assets which are not backed by any use case fundamentally. Dogecoin (Doge), and Shiba Inu (Shib) are top market cap meme tokens. In 2021, many meme tokens took birth under the influence of Tesla CEO Elon Musk. In the last two weeks, the trade price of the majority of the meme tokens surged rapidly, as a part of the crypto bull run. In particular Shiba Inu token surged 127% in 7 days & Dogecoin surged 95% in 30 days.

Top Meme Coins Combined to Deliver $100M Daily Trading Volume? Which Meme Tokens Will Play Major Role? Market conditions are robust again, and the price action market-wide is favourable, to say the least. Most tokens are in the green as they observe their values hike more than they have recently. It is a no-brainer for crypto enthusiasts to make the most of the market at this time and walk away with hefty profits. Meme coins are known to attract the greatest returns—especially the ones with smaller market caps that have the grit to make it to the top during the bull cycle. Luckily for enthusiasts, meme coins are performing extremely well right now and witness exorbitant daily trading volumes. SHIB, DOGE, and PEPE are each being traded daily in volumes reaching the multibillion-dollar mark. While these established meme tokens generate undoubted returns through the surging market, certain traders .

Why a BONE rally might not be realistic in the near term Despite a bullish signal, BONE’s price action might remain bearish, as suggested by market indicators. Bone ShibaSwap [BONE] witnessed a massive price correction in the last 24 hours, which can be attributed to the on-going market condition. While that happened, the token’s metric flagged a bullish signal. Does this mean a trend reversal for BONE?  According to CoinMarketCap , BONE was down by more than 10% in the last 24 hours. At press time, the meme coin was trading at $1.18 with a market capitalization of over $270 million. However, LUCIE, a popular X handle that posts updates related to the Shiba Inu ecosystem, revealed that BONE had a technical score of over 84. This meant that the chances of the meme coin gaining bullish momentum were high. Therefore, AMBCrypto checked BONE’s on-chain data to find out what to expect from the .

Comparing $HYPE's price action to broader market trends helps identify correlations, divergences, and unique factors driving its performance. Here's how $HYPE's movements can be analyzed in the context of the overall cryptocurrency market: Correlation with Major Cryptocurrencies 1. Bitcoin (BTC) and Ethereum (ETH): $HYPE, like many altcoins, often mirrors the price action of Bitcoin and Ethereum due to their influence on market sentiment. Bull Market: If BTC and ETH are in a bullish trend, $HYPE may experience increased buying interest as investors diversify into smaller-cap tokens. Bear Market: In a bearish environment, $HYPE might face selling pressure as investors prioritize safer assets like BTC or stablecoins. 2. Altcoin Market Trends: $HYPE’s price action can be influenced by trends in the altcoin market. During altcoin seasons, smaller tokens often outperform BTC and ETH, benefiting $HYPE. Conversely, during market downturns, altcoins like $HYPE may experience sharper declines due to lower liquidity and higher volatility. Divergences from Broader Trends 1. Unique Catalysts: If $HYPE has specific developments, such as partnerships, token burns, or ecosystem expansions, its price action may diverge from the broader market. Positive news can lead to independent rallies, even in a bearish market, while negative events might suppress its price during a bull market. 2. Volume and Liquidity Differences: $HYPE’s trading volume and liquidity may cause it to react differently to market conditions. Low liquidity can amplify price swings, leading to more pronounced movements compared to larger-cap assets. Analyzing Relative Strength 1. Outperformance: If $HYPE’s price rises faster than BTC or ETH during a rally, it indicates stronger relative strength. This could attract more traders seeking higher returns. Track $HYPE’s performance ratio against BTC or ETH to gauge its relative strength. 2. Underperformance: If $HYPE lags behind the broader market during a rally or declines more during a correction, it may signal reduced investor confidence or weaker fundamentals. Influence of Market Sentiment 1. Fear and Greed Index: During periods of extreme greed, speculative assets like $HYPE tend to perform well as traders take on more risk. In times of fear, $HYPE may face selling pressure as investors move to stablecoins or larger-cap assets. 2. Macro Trends: Broader economic factors, such as interest rate decisions or regulatory developments, affect the entire crypto market, including $HYPE. However, smaller tokens may react more sharply to these changes. Strategy for Comparing Price Action 1. Chart Analysis: Overlay $HYPE’s price chart with BTC, ETH, or an altcoin index to visually compare trends and identify correlations or divergences. Use indicators like correlation coefficients to quantify the relationship. 2. Market Segment Analysis: Compare $HYPE to tokens in similar categories (e.g., DeFi, gaming, or meme coins) to determine if its movements align with sector trends. 3. News and Sentiment Monitoring: Track news and social media sentiment to identify whether $HYPE’s price movements are driven by broader market trends or unique factors. By analyzing $HYPE’s price action relative to broader market trends, investors can better understand its behavior, identify trading opportunities, and make more informed decisions.

Is Dogecoin A Good Investment? Holders Hedge with Utility Tech Token Option2Trade for 500x Gains The cryptocurrency landscape is ever-evolving, with new tokens and platforms continuously emerging, promising not just returns but revolutionary utilities and technologies. In this dynamic environment, the question of Dogecoin’s (DOGE) viability as a long-term investment remains a hot topic among investors. While Dogecoin (DOGE) has enjoyed its moments of glory, largely driven by a strong community and notable endorsements, many holders are now looking to diversify their portfolios by hedging with a utility tech token that offers more than just speculative value. Enter Option2Trade (O2T), a token that is catching the eye of the cryptocurrency community for its potential for 500x gains and its innovative approach to trading. Dogecoin (DOGE): The Meme Coin Phenomenon Dogecoin (DOGE) has long been the .