Dogecoin or Shiba Inu: race for gains

The cryptocurrency market is witnessing a significant transformation, with the potential approval of a Bitcoin ETF signaling a new era of mainstream acceptance and investment. Coinbase’s recent analysis suggests that this approval could attract billions into the market, marking a pivotal moment for cryptocurrencies. Amidst this evolving landscape, Shiba Inu (SHIB) and Dogecoin (DOGE) have emerged as notable players, while ScapesMania is carving out its unique niche.

Shiba Inu and Dogecoin have reached extraordinary highs in the past, sparking investor anticipation for another bull run. The question on everyone’s mind is when Shiba Inu and Dogecoin will make their move and who will be the first to reap significant profits. Alternatively, could the emerging player, ScapesMania, outpace them all? Let’s figure it out.

ScapesMania: a new contender

Multiple crypto experts are considering ScapesMania in 2023. Its holders can get revenue streams and potential gains in the ongoing presale. 

Companies and individual crypto traders looking for short- and medium-term potential gains can examine ScapesMania’s proposition. At the end of the presale, it will list at $0.01, which is higher than the coin’s current value. Presently, there’s an active discount of close to 85%.

ScapesMania’s tokenomics and features could explain why it is being considered an altcoin to consider. Their fresh gaming-related core idea, presale numbers, $100,000 giveaway, social media presence, and other aspects may support prices in the long run. 

Shiba Inu may rally

Shiba Inu is currently at a critical juncture in the cryptocurrency market. The token is showing signs of a possible breakthrough, with its price action closely watched by enthusiasts and investors. The anticipation of a significant move is palpable, as SHIB hovers near key technical levels.

The price of Shiba Inu is oscillating within the range of $0.00000688 to $0.00000845. The 10-Days Moving Average is currently at $0.00000839, suggesting a short-term bullish sentiment, while the 100-Days Moving Average stands at $0.00000771, indicating a more stable, long-term trend.

The support levels for SHIB are established at $0.00000442 and $0.00000599, providing potential floors for price dips. Conversely, resistance levels are observed at $0.00000913 and $0.00001070, which could cap upward movements.

SHIB is on the cusp of a potential 15% price increase, a move that could significantly alter its market standing. However, this optimistic outlook is tempered by a major concern: the declining volume profile of Shiba Inu. This decrease in trading volume is a critical factor, as it may indicate a waning interest among traders or a lack of conviction in the market’s direction. 

Dogecoin: surge incoming?

Dogecoin, the renowned meme coin, is once again catching the eye of crypto traders. This renewed interest is not just a fleeting trend but is backed by intriguing market movements and technical indicators that suggest a possible shift in its market dynamics.

Currently, DOGE is trading within a price range of $0.0583 to $0.0765. The 10-Days Moving Average, standing at $0.0782, indicates a bullish trend in the short term. Meanwhile, the 100-Days Moving Average at $0.0656 reflects a more consolidated and stable long-term trend.

The support levels are identified at $0.0303 and $0.0485, which could provide a cushion against any downward price movements. On the flip side, the resistance levels are placed at $0.0849 and $0.1031, marking the thresholds for potential upward breakouts.

The current market analysis of Dogecoin points towards a potential for significant price appreciation. A key technical signal, rarely seen in its trading history, has been observed, which in the past has been followed by substantial rallies. This signal, coupled with the recent increase in trading volumes and open interest, paints a bullish picture for Dogecoin. 

Conclusion

The cryptocurrency market is in a state of flux, with new opportunities and challenges emerging constantly. Shiba Inu and Dogecoin show potential for price movements, albeit with hurdles to overcome. 

ScapesMania, with its approach and presale performance, seems to add another layer of excitement to the market. Their gaming concept, presale figures, a $150,000 giveaway, and several other actors suggest that ScapesMania will likely edge higher.

Site: https://scapesmania.io/

X: https://twitter.com/ScapesMania

Telegram: https://t.me/scapesmania