Shiba

Rally

Buck

Shiba Inu

Elon Musk

Crypto Price Prediction: On Tuesday, the market crypto witnessed no major change in its broader sentiment as a 2% drop in <a href="https://coingape.com/price-predictions/bitcoin-btc-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin price</a> to $61600 indicated the continuation of prevailing consolidation.&nbsp;
Defying the sluggish market moment meme coins have witnessed an impressive start this week, characterized by a notable inflow in major assets of the sector. According to Coinmarketcap data, the total market capitalization of the top meme tokens stands at $53.1 billion, reflecting an intraday increase of 4.6%. Moreover, the 24 hours of these tokens recorded $8.7 Billion to record 142.8% growth.
This uptick highlights the potential of meme assets to provide significant movement despite uncertain market sentiment.&nbsp;
Also Read: <a href="https://coingape.com/meme-coin-party-begins-after-gamestop-rally-adds-5-billion-to-index/" rel="noopener noreferrer nofollow">Meme Coin Party Begins After GameStop Rally, Adds $5 Billion To Index</a>
<h2 id="b-crypto-price-prediction-shiba-inu-shib-b">Crypto Price Prediction: Shiba Inu (SHIB)</h2>
<a href="https://coingape.com/shiba-inu-price-tanks-4-amid-100b-shib-moved-coinbase-what-next/" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB) is a decentralized cryptocurrency that emerged as a meme coin but has since evolved to include various projects aimed at establishing a robust ecosystem. Initially created as an Ethereum-based ERC-20 token, it has gained significant attention and adoption, often regarded as a rival to Dogecoin.
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/j/JGdJQ0IB.png" alt="BINANCE:SHIBUSDT Chart " width="1946" height="937">
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 Shiba Inu (SHIB)| Tradingview
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Amid the current market correction, the Shiba Inu has been trading sideways for the past seven weeks resonating within two converging trendlines. This dynamic resistance and support squeezing the <a href="https://coingape.com/price-predictions/shiba-inu-shib-price-prediction/" rel="noopener noreferrer nofollow">SHIB price</a> in a narrow range indicates the formation of the symmetrical triangle pattern.
This Shiba Inu coin currently trades at $0.0000236 and holds a market cap of $840.8. With the asset price close to the apex of the triangle pattern, a breakout from either is imminent.&nbsp;
A potential upside breakout will release the build-up of bullish momentum and push the Shiba Inu price to $0.00003285.
Also Read: <a href="https://coingape.com/markets/shiba-inu-coin-price-analysis-reasons-why-shib-poised-to-hit-0-0001-in-2024/" rel="noopener noreferrer nofollow">Shiba Inu Coin Price Analysis: Reasons Why SHIB Poised To Hit $0.0001 In 2024</a>
<h2 id="b-dogwifhat-wif-b">Dogwifhat (WIF)</h2>
<a href="https://coingape.com/markets/will-dogwifhat-outperform-top-meme-coins-doge-shib-in-may/" rel="noopener noreferrer nofollow">Dogwifhat</a> (WIF) is a memecoin based on the Solana blockchain, characterized by its light-hearted and community-focused nature. Despite lacking functional utility, the appeal of Dogwifhat lies largely in its communal and speculative aspects, driven by its unique theme of a Shiba Inu dog wearing a hat.
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/r/r5ULHO5F.png" alt="BINANCE:WIFUSDT Chart " width="1815" height="677">
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 Dogwifhat (WIF)| Tradingview
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Similar to the SHIB price, the Dogwifhat has been witnessing a consolidation trend for the past six weeks within the formation of a symmetrical pattern. Currently, the <a href="https://coingape.com/markets/dogwifhat-price-eyes-to-6-following-4-2-million-whale/" rel="noopener noreferrer nofollow">WIF price</a> trades at $3.03 and it continues to witness supply pressure at the overhead trendline.
This long-wick rejection in yesterday’s daily candle indicates this memecoin could prolong its current consolidation. Currently, the Dogwifhat coin shows a market cap of $3 Billion, and the trading surged 124% to $705 Million since yesterday.
A potential breakout from the pattern’s upper boundary will accelerate the buying pressure and bolster a renewed recovery to $4.86.
Also Read: <a href="https://coingape.com/blog/shiba-inu-vs-pepe-which-erc-20-memecoin-to-buy/" rel="noopener noreferrer nofollow">Shiba Inu vs PEPE: Which ERC 20 Memecoin to Buy</a>
<h2 id="b-floki-b">Floki&nbsp;</h2>
<a href="https://coingape.com/floki-price-surges-8-following-bitpanda-index-listing/" rel="noopener noreferrer nofollow">Floki</a> is a multifaceted cryptocurrency project that stands out through its community-driven approach and ambitious utility projects. Initially inspired by a tweet from Elon Musk about his dog named “Floki,” the token has grown into a significant ecosystem within the cryptocurrency space.
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/7/7Z7c3PbS.png" alt="BINANCE:FLOKIUSDT Chart " width="1946" height="937">
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 Floki| Tradingview
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The <a href="https://coingape.com/floki-price-soars-10-token-burn-proposal-gains-majority-support/" rel="noopener noreferrer nofollow">Floki coin</a> recently entered a recovery phase, with its price rebound from a support level of $0.000109 in mid-April. Demonstrating a bullish trend, the coin formed three consecutive higher highs, propelling its value by 76% to a current trading price of approximately $0.0001934.&nbsp;
Amidst a general uptick in the meme cryptocurrency market, Floki has experienced a significant 21% increase over the past two days alone. Consequently, its market capitalization has risen to $1.846 billion, and its trading volume has surged by 77.6% today, reaching $526 million.&nbsp;
This price movement marks a decisive breakout from a two-month corrective downtrend, potentially setting the stage for buyers to retest the previous high of $0.00031.
<h2 id="span-style-font-weight-400-key-takeaway-span">Key Takeaway</h2>
The crypto market has been trading sideways for the past two weeks with the Bitcoin price wavering around the $60000. However, this consolidation witnessed occasional upticks, and fast-moving sectors like meme cryptocurrency offer excellent opportunities in the intraday and short-term trends.
The post <a href="https://coingape.com/markets/crypto-price-prediction-14-5-meme-coins-market-trend-lead-week-rally/" rel="noopener noreferrer nofollow">Crypto Price Prediction 14/5: Meme Coins Buck Market Trend to Lead New Week Rally</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Crypto Price Prediction 14/5: Meme Coins Buck Market Trend to Lead New Week Rally

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