Lucie, the official marketing expert of the Shiba Inu team, recently addressed the SHIB community on X/Twitter with a significant warning about investment choices in projects, particularly those involving the layer-2 blockchain Shibarium.
Lucie emphasized that the failure of some projects could be attributed to poor management or insufficient growth, rather than fraudulent schemes like rug pulls.
She cautioned investors, stating, “Even the best can get their fingers burned.” She underlined her priority, asserting, “I’m $SHIB first everything comes after…”
In her communications, Lucie also provided guidance for new projects aiming to launch on Shibarium.
She stressed the importance of self-reliance, noting that new initiatives do not require endorsements to be successful. Lucie outlined key strategies for these projects, including the necessity of presenting a clear roadmap and defining achievable goals.
READ MORE: Victims of $6.2 Billion Chinese Fraud Scheme Seek UK Help to Recover $4.3 Billion in Seized Bitcoin
She advised projects to actively engage with their communities across major social media platforms, such as Telegram and Discord, emphasizing respect and active participation as crucial for maintaining a good relationship with community members.
Furthermore, Lucie advised against spending on marketing. Instead, she recommended focusing on organic community growth and securing genuine supporters to establish a more sustainable and engaged supporter base.
Her guidance reflects a strategic approach to fostering long-term success and stability for projects within the Shibarium ecosystem.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Cryptocurrency exchange OKX is seizing the opportunity to engage with the current memecoin trend by adding notable Solana-based tokens like Dogwifhat (WIF) and Cat in a Dog’s World (MEW) to its trading platform.
The exchange has initiated spot trading for WIF and MEW, as revealed in their latest announcement on X. OKX customers are now able to deposit these tokens for trading against the Tether stablecoin.
The schedule for trading these tokens was detailed in the announcement: “WIF spot trading will open at 9:00 am UTC on April 15, or one hour after MEW spot trading was launched.”
It also stated that withdrawals for both tokens will become available at 10:00 am UTC the following day.
WIF and MEW have shown rapid growth within the memecoin market, with transactions amounting to millions of dollars daily.
Both coins utilize the Solana blockchain, which currently outpaces competitors like Ethereum and Avalanche in terms of network use and popularity, spurred by the memecoin phenomenon.
READ MORE: Doctor Doge Will Surge 8,000% Within 48 Hours as it Aims to Challenge SHIB and DOGE
Since its launch in November 2023, Dogwifhat (WIF) has climbed significantly in the market rankings, joining the top 50 cryptocurrencies by the first quarter of 2024 with a market capitalization close to $50 billion.
Presently, WIF stands as the 42nd largest cryptocurrency overall and the third most prominent memecoin following favorites such as Dogecoin and Shiba Inu, as per CoinGecko’s data.
At the time of reporting, WIF’s value was $3, marking a 13% increase over the last day.
Cat in a Dog’s World (MEW), introduced just weeks prior on March 26, aims to challenge the prevailing dominance of dog-themed memecoins.
This new token saw an impressive 80% rise in its price within 24 hours, trading at $0.0052, according to the latest figures from CoinGecko.
With the addition of WIF and MEW, OKX has expanded its memecoin offerings, which now include about 20 different tokens, per the exchange’s official website.
This broadening of its cryptocurrency portfolio underlines OKX’s strategy to capitalize on the expanding interest in memecoins within the digital asset space.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Dogecoin (DOGE) and Shiba Inu (SHIB) have struggled to build momentum in recent weeks, leading to some investors to sell their positions and invest in new coins, like Laughing Shiba Inu (LSHIB).
Laughing Shiba Inu (LSHIB), a new memecoin that was launched earlier today, is set to rally over 2,500% within the next 24 hours, while larger memecoins, such as Dogecoin (DOGE) and Shiba Inu (SHIB), are struggling.
LSHIB, which is currently only available to buy on decentralized Solana exchanges, like Raydium and Jupiter, has a market cap of just $6,300.
It’s set to reach a market cap of $150,000 within the next 24 hours, meaning that early investors will generate a 2,500% return on investment within a day.
Furthermore, after reaching a $150,000 market cap, Laughing Shiba Inu (contract address: 28UNYzpJxAd3PXbPZcfwpBgEhbfQMZV7wZHFoAi8MYx5) will be poised to then rally another 1,300% before the end of April to reach a $2 million market cap.
And, once listings on centralized exchanges are announced, LSHIB’s market cap will skyrocket much higher than $2 million.
The potential for huge returns is the reason why many Dogecoin (DOGE) and Shiba Inu (SHIB) investors are already buying up positions in LSHIB.
Meanwhile, Dogecoin and Shiba Inu have been struggling to build momentum in recent weeks, but both of these dog-themed memecoins have the potential to rally another 50%-150% over the coming months.
Dogecoin (DOGE) and Shiba Inu (SHIB) have struggled to build momentum in recent weeks, leading to some investors to sell their positions and invest in new coins, like Laughing Shiba Inu (LSHIB).
Laughing Shiba Inu (LSHIB), a new memecoin that was launched earlier today, is set to rally over 2,500% within the next 24 hours, while larger memecoins, such as Dogecoin (DOGE) and Shiba Inu (SHIB), are struggling.
LSHIB, which is currently only available to buy on decentralized Solana exchanges, like Raydium and Jupiter, has a market cap of just $6,300.
It’s set to reach a market cap of $150,000 within the next 24 hours, meaning that early investors will generate a 2,500% return on investment within a day.
Furthermore, after reaching a $150,000 market cap, Laughing Shiba Inu (contract address: 28UNYzpJxAd3PXbPZcfwpBgEhbfQMZV7wZHFoAi8MYx5) will be poised to then rally another 1,300% before the end of April to reach a $2 million market cap.
And, once listings on centralized exchanges are announced, LSHIB’s market cap will skyrocket much higher than $2 million.
The potential for huge returns is the reason why many Dogecoin (DOGE) and Shiba Inu (SHIB) investors are already buying up positions in LSHIB.
Meanwhile, Dogecoin and Shiba Inu have been struggling to build momentum in recent weeks, but both of these dog-themed memecoins have the potential to rally another 50%-150% over the coming months.
Dogecoin (DOGE) and Shiba Inu (SHIB) have struggled to build momentum in recent weeks, leading to some investors to sell their positions and invest in new coins, like Laughing Shiba Inu (LSHIB).
Laughing Shiba Inu (LSHIB), a new memecoin that was launched earlier today, is set to rally over 2,500% within the next 24 hours, while larger memecoins, such as Dogecoin (DOGE) and Shiba Inu (SHIB), are struggling.
LSHIB, which is currently only available to buy on decentralized Solana exchanges, like Raydium and Jupiter, has a market cap of just $6,300.
It’s set to reach a market cap of $150,000 within the next 24 hours, meaning that early investors will generate a 2,500% return on investment within a day.
Furthermore, after reaching a $150,000 market cap, Laughing Shiba Inu (contract address: 28UNYzpJxAd3PXbPZcfwpBgEhbfQMZV7wZHFoAi8MYx5) will be poised to then rally another 1,300% before the end of April to reach a $2 million market cap.
And, once listings on centralized exchanges are announced, LSHIB’s market cap will skyrocket much higher than $2 million.
The potential for huge returns is the reason why many Dogecoin (DOGE) and Shiba Inu (SHIB) investors are already buying up positions in LSHIB.
Meanwhile, Dogecoin and Shiba Inu have been struggling to build momentum in recent weeks, but both of these dog-themed memecoins have the potential to rally another 50%-150% over the coming months.
Early investors who invested into Shiba Inu (SHIB) and DogWifHat (WIF) generated astronomical returns.
Doctor Doge (DRDOGE), a newly launched Solana memecoin, is set to rally 3,300% following an announcement that the coin will be listed on MEXC – one of the largest centralized exchanges in the world – in April.
This will be DRDOGE’s first listing on a centralized exchange, and it can currently only be purchased on Solana decentralized exchanges, such as Raydium and Jupiter.
Doctor Doge is looking to become one of the most prominent memecoins in the world, challenging the likes of Shiba Inu (SHIB) and DogWifHat (WIF).
The MEXC listing is a huge bullish catalyst for Doctor Doge, as millions of dollars are expected to immediately flow into the coin following the listing.
Furthermore, other CEX listings are planned by the developers later this month.
DRDOGE is currently trading at around $0.00000983, down 78% in the last 24 hours after previously rallying as high as $0.00009.
It therefore now presents an excellent opportunity for investors to buy the dip, and when it returns to its previous all-time high – which was reached just over 24 hours ago – investors could cash in a 1,000% profit if they buy at the current price.
Within the coming days, Doctor Doge is poised to rally at least 3,300%.
However, most investors are expected to hold their DRDOGE positions for the medium-to-long-term, as it has a market cap of just $43,000 and will therefore deliver astronomical gains if its market cap reaches $5mn-$10mn, which is widely expected.
Furthermore, if DRDOGE can become as prominent as Shiba Inu (SHIB) and DogWifHat (WIF), it would turn a few hundred dollars into millions.
It’s therefore not surprising that numerous investors who bought SHIB and WIF early are also investing into DRDOGE (contract address: 8uckaPYZWDs57Lm5eeEVnx4FGJDLhXuvrmryzKj7yUvv) in search of more massive gains in a short period of time.
Doctor Doge (DRDOGE) is an exciting new memecoin that is set to challenge other dog-themed memecoins, including Shiba Inu (SHIB) and Dogecoin (DOGE).
Doctor Doge (DRDOGE) has rallied 1,350% in the last 24 hours, reaching $0.0000491, as it begins its journey to eventually challenge the likes of Shiba Inu (SHIB) and Dogecoin (DOGE).
DRDOGE, a Solana memecoin, began trading on Raydium and Jupiter on 15 April, and its market cap is currently only around the $220,000 mark despite the huge gains it has already posted.
This means that Doctor Doge has massive potential to grow further, with it targeting a $5 million market cap before the end of April.
When this happens, investors who buy tokens at the current price will generate a 2,300% return on their investment.
For example, if an investor buys $500 of Doctor Doge at the current price, their coins would be worth $11,500.
Furthermore, DRDOGE (contract address: 8uckaPYZWDs57Lm5eeEVnx4FGJDLhXuvrmryzKj7yUvv) is poised to continue to aggressively rally even once a $5 million market cap is reached, as it looks to become as mainstream as Shiba Inu (SHIB) and Dogecoin (DOGE).
If this happens, early DRDOGE investors could turn hundreds or thousands of dollars into millions.
DRDOGE’s recent rally comes ahead of the first-ever listing on a centralized exchange for this coin – which is likely to cause its price to skyrocket once the listing is publicly announced.
This is because the listing will make it easier for millions of additional crypto investors to buy Doctor Doge, and lead to massive inflows into the coin.
Amid DRDOGE’s rally, most altcoins have dropped in value due to mounting tensions between Israel and Iran.
Shiba Inu has witnessed a remarkable surge in its token burn rate, skyrocketing by an impressive 25,035.22% over the past day, according to Shibburn.
This increase reflects a strong community commitment to reducing the token’s supply and enhancing its deflationary status during a widespread market downturn, aligning with insights previously shared by ETHNews.
Despite the broader crypto market undergoing significant price corrections, Shiba Inu is actively countering the trend by increasing the number of tokens it burns.
In just one day, eleven transactions led to the burning of 658,082,956 SHIB, effectively reducing the total supply from its initial one quadrillion tokens to 410,725,555,674,170.
At the time these tokens were burned, they were valued at approximately $14,385. The ongoing strategic reduction of SHIB’s supply has yet to show a clear impact on its market value, which remains uncertain.
Currently, SHIB is priced at $0.00002347, as per CoinMarketCap data, showing a slight 2.69% increase over the past 24 hours but a substantial 16.96% drop over the past week.
READ MORE: Bitcoin Dominance Reaches Three-Year High as Altcoins Suffer Steep Declines
This points to a strong bearish trend within the market. Moreover, SHIB’s market capitalization has fallen by 12%, now standing at $12.7 billion, with a daily trading volume of $1.9 million.
These figures underline the meme token’s vulnerability to the volatile and challenging market conditions.
Despite the extensive token burns, the value of SHIB has not shown signs of recovery, trading between $0.000022 and $0.000025, and facing a resistance range of 51 trillion SHIB.
Market analysts and investors are closely monitoring these developments, suggesting that the dramatic increase in the burn rate may potentially boost the token’s value.
The community remains hopeful that these deflationary measures will eventually prompt a positive market response, though much effort is still needed to stabilize and possibly enhance SHIB’s market value.
This significant burn event, one of the largest in recent weeks, is seen as a crucial move to increase the token’s scarcity and its appeal to investors.
However, the long-term success of this strategy remains uncertain amidst ongoing market challenges and investor caution within the broader cryptocurrency landscape.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Doctor Doge (DRDOGE) is an exciting new memecoin that is set to challenge other dog-themed memecoins, including Shiba Inu (SHIB) and Dogecoin (DOGE).
Doctor Doge (DRDOGE) has rallied 1,350% in the last 24 hours, reaching $0.0000491, as it begins its journey to eventually challenge the likes of Shiba Inu (SHIB) and Dogecoin (DOGE).
DRDOGE, a Solana memecoin, began trading on Raydium and Jupiter on 15 April, and its market cap is currently only around the $220,000 mark despite the huge gains it has already posted.
This means that Doctor Doge has massive potential to grow further, with it targeting a $5 million market cap before the end of April.
When this happens, investors who buy tokens at the current price will generate a 2,300% return on their investment.
For example, if an investor buys $500 of Doctor Doge at the current price, their coins would be worth $11,500.
Furthermore, DRDOGE (contract address: 8uckaPYZWDs57Lm5eeEVnx4FGJDLhXuvrmryzKj7yUvv) is poised to continue to aggressively rally even once a $5 million market cap is reached, as it looks to become as mainstream as Shiba Inu (SHIB) and Dogecoin (DOGE).
If this happens, early DRDOGE investors could turn hundreds or thousands of dollars into millions.
DRDOGE’s recent rally comes ahead of the first-ever listing on a centralized exchange for this coin – which is likely to cause its price to skyrocket once the listing is publicly announced.
This is because the listing will make it easier for millions of additional crypto investors to buy Doctor Doge, and lead to massive inflows into the coin.
Amid DRDOGE’s rally, most altcoins have dropped in value due to mounting tensions between Israel and Iran.
On April 15, Hong Kong took a significant step in the cryptocurrency market by authorizing the launch of spot exchange-traded funds (ETFs) for Bitcoin and Ether.
The Hong Kong Securities and Futures Commission (SFC) granted conditional approval for the country’s inaugural spot BTC and ETH ETFs, as per a report by Reuters.
This groundbreaking move involves at least three offshore Chinese asset management firms, including the Hong Kong branches of Harvest Fund Management, Bosera Asset Management, and China Asset Management (ChinaAMC).
These firms are poised to introduce their spot Bitcoin and Ether ETFs shortly.
The collaboration for these launches includes partnerships with local companies. Bosera will work alongside Hong Kong-based HashKey Capital.
Meanwhile, OSL Digital Securities, a licensed digital asset platform, will serve as the sub-custodian for the ETFs of ChinaAMC and Harvest.
The SFC’s conditional approval is based on several requirements being met, such as fee payments, document submissions, and obtaining the necessary listing approval from the Hong Kong Stock Exchange (HKEX).
The ETFs in question will operate under an “in-kind” creation model, which allows for the issuance of new ETF shares in exchange for Bitcoin and Ether, contrasting with the cash-create redemption model more commonly seen in the U.S.
Patrick Pan, Chairman and CEO of OSL, emphasized the innovative nature of this approach in an interview with Cointelegraph. “
The in-kind subscription model for the spot BTC and ETH ETFs in Hong Kong represents a substantial innovation,” he said.
READ MORE: Massive Movements of Shiba Inu Tokens to Trading Platforms Suggest Potential Market Shift
Pan highlighted that this method would bolster market liquidity by facilitating the direct exchange of assets for ETF shares, which reduces the dependency on cash settlements and promotes continuous trading activities.
He added, “This principle is essential for ensuring market stability and is consistent with practices in both digital and traditional asset ETFs.”
Pan also commented on the preliminary approval status, noting it indicates that the firms have successfully navigated through most of the critical regulatory evaluations, bringing them closer to their launch goals.
However, he mentioned it’s still too soon to predict the exact start date for trading. “The dates are not yet confirmed.
“However, all parties involved are diligently working to expedite the launch.
“The initiation of these ETFs is expected to significantly boost capital inflow into the digital asset market in Hong Kong,” Pan explained.
Despite reaching out for further comments, Cointelegraph received no immediate responses from the SFC, Bosera, or Harvest at the time of publication.
Following the regulatory green light, the HKEX is anticipated to need about two weeks to complete the listing procedures and other necessary arrangements before the ETFs can officially begin trading.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.