Elon Musk’s recent moves are sparking fresh excitement in the crypto world, with Dogecoin (DOGE) inching closer to a potential new all-time high. Alongside DOGE, Shiba Inu (SHIB) and an unnamed altcoin, IntelMarkets, is seeing heightened demand, driven by on-chain activity that could signal a renewed meme coin surge. It offers a stable option for investors during the rapid shifts in meme coin prices. Keep on reading to understand more.
Elon Musk’s Moves Push DOGE Closer to New Highs
Elon Musk’s influence on Dogecoin (DOGE) has once again become a focal point, especially after a recent U.S. District Court ruling dismissed a lawsuit accusing him of manipulating DOGE’s price. Judge Alvin Hellerstein dismissed claims against Tesla and Musk stating that the tweets Musk made on such matters were “those of aspiration and puffery”.
The victory in the courts has provided more confidence to Musk, whose next mission is the reintroduction of Dogecoin (DOGE) payments at Tesla, starting with the sale of merchandise and subsequently the sales of Cars if need be.
After this statement, the price of DOGE surged by 20% as investors were betting that the launch of Tesla’s Doge payment system would lead to renewed buying pressure. Experts think that in part due to Musk, it is possible that bypassing past performance Dogecoin (DOGE) may increase by 50% with hopes of hitting the coveted $1.00 price level. If Tesla follows through and expands Dogecoin payments, the increased utility could bring DOGE closer to this milestone.
Technically, DOGE has been experiencing high trading volume and maintaining a critical support zone of $0.142. Analysts recommend that should this support level be maintained and the overall market remain bullish, there is a positive outlook for Dogecoin (DOGE) to reach an ATH.
Through the acceptance of Dogecoin for payment by Tesla and the follow up of Mr. Musk, we forecast that DOGE shall transcend this as a meme coin and reach price levels that have never been seen before in a very short term.
Shiba Inu (SHIB) Sees Renewed Interest with Rising Activity on Shibarium
The Shiba Inu (SHIB) token continues to grow since the Layer-2 solution – Shibarium – is recovering. Most of the recent activities have been attributed to the climbing user activity, with Shibarium recording 4.77 million activities by the 24th of October, and 423 million activities performed across 1.86 million wallets. This upturn is an indicator that expectations on the use of the platform for dApps are on the rise.
On the other hand, Shibarium’s TVL has also reached an all-time high of $7.03 million, which confirms robust support from the investors to its DeFi development, although this has plunged to $3 million. Such trends, as per the analysts, demonstrate the resilience of Shiba Inu (SHIB) investor base and calls for optimism on its long-term viability.
At present, Shiba Inu (SHIB) is selling for about $0.00001801 and thus remains stable despite wider market movements. Given the ongoing development and growing adoption of Shibarium, further upside potential for Shiba Inu (SHIB) looks likely thereby solidifying its place amongst Layer-2 competitors.
IntelMarkets Comes Out as a Stable Choice During 2024 Meme Coin Hype
As meme coins like DOGE and Shiba Inu (SHIB) experience wild swings, IntelMarkets is a reliable choice for those looking to trade with more control and stability.
Unlike volatile meme coins, IntelMarkets offers real-time access to essential trading data and enable users to make decisions backed by accurate, up-to-date information from multiple independent data feeds.
By using advanced oracles, IntelMarkets ensures that all market data is sourced from reliable providers and updated in real-time so traders avoid the price manipulations often seen in meme coin trading.
Also, IntelMarkets’ autopilot trading robots automatically identify and execute trades based on the user’s preset risk preferences. These robots use self-learning technology, improve over time, and adapt to the market to make trading smoother and more strategic.
Adding to its appeal, IntelMarkets offers up to 1000x leverage to traders to maximize their positions with minimal initial capital. In a time when meme coins are riding on market speculation, IntelMarkets provides a grounded option that is both adaptable and data-driven.
IntelMarkets is currently in the Stage 4 of its presale, with over $1.6 million raised from fortune 500 investors. As the next presale round approaches with a price of tokens will increase to $0.04. That’s why now is the time for investors to invest in INTL, a growth-focused alternative to meme coin hype.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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