Shiba Inu ATH in sight as price skyrockets while a new Meme Index Fund coin competes

  • Shiba Inu (SHIB) surges 67% in a week, nearing its all-time high (ATH).
  • Whale trading, token burning, and growing interest drive SHIB’s bullish momentum.
  • Vantard Meme Index Fund ($VTARD) offers exposure to top meme coins with minimal risk.

As the crypto market surges on Donald Trump’s reelection, Shiba Inu (SHIB) is quickly soaring towards its all-time high (ATH), fueled by significant whale activity and growing investor confidence.

At the same time, a new player in the meme coin space, the native token of a revolutionary Meme Index Fund (VMP), is generating buzz, with its promise of capturing the explosive returns of meme coins like SHIB.

As global liquidity increases and meme coins dominate the market, both SHIB and the new meme portfolio coin are gaining attention for their potential to deliver life-changing returns to investors.

Current Bull Run expected to push Shiba Inu price to its ATH

Shiba Inu has become a household name in the crypto world, and its recent bull run has sparked fresh market speculations about its future potential.

At press time, SHIB was trading at $0.00002926 following a 67% surge over the past week and an astounding 224% rally over the past year.

The latest Shiba Inu price movements have been influenced by several factors, including massive whale trading activity and increasing interest in meme coins. Notably, on-chain data from Etherscan  shows that a savvy whale recently made a $2.85 million profit by selling 100 billion SHIB coins, while still holding a massive 2.5 trillion SHIB worth $75.2 million, highlighting the growing market confidence in the coin’s future potential.

The renewed interest in SHIB has coincided with a broader bullish trend in the meme coin market, driven in part by the rise of other notable tokens and an overall increase in market liquidity.

With Bitcoin’s recent price surge and growing risk appetite in the market, many crypto enthusiasts are positioning themselves for another potential wave of explosive growth in meme coins, with SHIB at the forefront of this movement.

The burning of nearly half a billion SHIB coins has further amplified the bullish sentiment, as decreased supply often leads to price appreciation.

Investors are eyeing SHIB closely, believing that the coin could break through previous resistance levels and reach new ATHs in the near future. Given the coin’s 224.7% increase over the past year, many experts predict that as global liquidity continues to rise and market conditions favor speculative investments, meme coins like SHIB could experience another violent leg-up.

The new meme portfolio coin with 1,000X potential

As Shiba Inu continues to shine, a new player in the meme coin space, Vantard, is positioning itself as the ultimate way to capitalize on the meme coin supercycle.

Vantard is a Meme Index Fund (VMP), offering a portfolio that includes the top meme coins of the cycle, including SHIB. By bundling these high-potential assets into a single investment product, Vantard aims to deliver eye-watering returns with minimal effort from investors.

Vantard operates on the same principles as traditional index funds, but with a twist—this portfolio focuses exclusively on meme coins, a sector that has shown remarkable growth and outperformed other crypto sectors this year.

According to the project’s whitepaper, the fund’s core strategy involves periodic rebalancing, ensuring that investors are exposed to the top-performing meme coins at any given time.

The funds native token, $VTARD, reflects the Net Asset Value (NAV) of the assets in the portfolio, giving holders the opportunity to redeem their tokens for the underlying meme coins, thereby participating in the wild upside potential of these assets.

Vantard’s launch comes at a time when meme coins are gaining immense popularity, and investors are looking for ways to access these volatile assets without the complexities of individual coin selection. By investing in Vantard, investors can gain exposure to top meme coins like SHIB, Dogecoin, and others, all while benefiting from the overall market momentum.

If interested in investing in Vantard, it is currently conducting the presale of its $VTARD token. The presale is structured to have the token price rise through ten predetermined presale stages and hit a final price of $0.00019. At the moment, the token is going for $0.00013 and it is expected to rise to $0.00014 in the next presale stage.

If interested in the Vantard presale, you can visit the official Vantard website for more information.

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MicroStrategy buys 27,200 BTC worth over $2 billion; Bitcoin spikes above $84k

MicroStrategy, the business intelligence company founded by Michael Saylor that;s now the biggest corporate holder of Bitcoin (BTC), has added to its haul of the digital asset.

On Monday, Saylor announced that the publicly-traded company had acquired another 27,200 BTC for over $2 billion. The news coincided with the surge in Bitcoin price – which reached a new all-time high above $84k.

Earlier, the world’s largest and most popular cryptocurrency had traded to above $82k. This follows sentiment from the Donald Trump election victory, which continues to create a bullish buzz.

MicroStrategy its $22 billion in BTC purchases

The latest Bitcoin purchase for MicroStrategy comes after the company raised $2.03 billion. Earlier, MicroStrategy had revealed plans to raise $42 billion to buy more bitcoins – a scenario that has added to the overall bullish sentiment around the benchmark cryptocurrency.

Saylor said his company spent these proceeds on buying an additional 27,200 BTC. With this acquisition, which was finalized at the average price of $74,463, MicroStrategy now has a total of 279,420 bitcoins.

In total, the company has spent $11.9 billion to buy BTC at the average price of $42,692 per coin. At current price of $84,153, MicroStrategy’s Bitcoin holdings amount to over $23.5 billion.

The BTC has achieved a yield of 7.3% quarter to date and 26.4% year-to-date.

“Our MSTR treasury operations in the first 10 days of November resulted in a BTC Yield of 7.3%, a net benefit to our shareholders of ~18,410 BTC,” Saylor posted on X.

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Over 40,000 BTC leave exchanges as Bitcoin hits $82k

  • Bitcoin rose to a new all-time high above $82 on November 11, 2024
  • Over 40,000 Bitcoin valued at nearly $3.28 billion have left exchanges in the past week.

The price of Bitcoin (BTC) has climbed to a new record high above $82,000 as the momentum that pushed cryptocurrencies higher continues to dictate sentiment.

On Monday, BTC reached highs of $82,329 across major exchanges to put the flagship digital asset up more than 20% over the past week.

The gains have also impacted altcoins, with notable performances for Ethereum that has crossed above $3,100 and Solana that’s eyeing a new year-to-date high. Cardano, BNB and meme coins Dogecoin and Shiba Inu are also trading higher.

Over 40,000 BTC leave exchanges

According to crypto analyst Ali Martinez, Bitcoin’s spike to the new ATH comes as the amount of BC leaving exchanges surges.

In the past week, Ali noted via X, bullish BTC holders have withdrawn over 40,000 bitcoins from exchanges. This represents nearly $3.3 billion worth of Bitcoin exiting from exchanges. Exchange balances for Bitcoin have plummeted in the last seven days.

Bitcoin exiting exchanges has increased this past week. Chart by Ali Martinez on X

The bullish sentiment across the market could be driving this trend. Donald Trump’s US election victory and interest rate cuts are two major catalysts. Meanwhile, institutional demand amid spike in spot ETF inflows has also helped BTC past the $82k mark.

What next for Bitcoin price?

BTC price forecasts suggest a surge to $100k is possible before the end of the year. With this outlook in place, a huge number of traders taking a short term bearish view after recent gains have lost significant amounts of money.

Per Coinglass data, the past 24 hours have seen the crypto market a staggering $270 million in liquidations.

However, longs expecting an even sharper spike for Bitcoin have recorded a $361 million liquidations. In total, more than 208,800 traders have been liquidated in the past 24 hours, the total liquidations comes in at $632.57 million, with $124 million in Bitcoin shorts.

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Bitcoin breaks $82,000 boosted by Trump’s re-election win

  • Bitcoin’s upward trajectory follows Donald Trump’s presidential win last week
  • Over the past 30 days, Bitcoin has increased in value by more than 30%
  • Institutional interest is rising with Bitcoin ETFs, noted by BlackRock’s IBIT ETF reaching $1.12 billion in daily inflows

Bitcoin has hit another record, reaching over $82,000 on Monday, boosted by Donald Trump’s re-election to the White House last week.

According to data from CoinMarketCap, Bitcoin’s value has risen more than 19% in the past seven days and 30% over the past 30 days. Taking to X, Anthony Pompliano, host of the Pomp podcast, said:

“The first pro-Bitcoin President was elected in US history and Bitcoin hit $80,000 within a week. The market is preparing itself.”

While Trump’s win has helped push crypto prices up, many don’t think it’s the sole reason. In response, Sleep Money Maker said: “Think bigger than one week or one event. We’re watching decades of regulatory friction starting to dissolve. When barriers fall, capital flows – that’s just market physics in action.”

Speaking to CoinJournal last week, James Toledano, COO at Unity, a self-custody crypto wallet, said it was “disingenuous” to say the US election directly caused the price increase.

In the long-term, it won’t be the election that moves the crypto market, but “broader macroeconomic events, technological advancements, shifting market sentiment, and factors outside of the next President’s control,” Toldeano explained.

Institutional appetite for Bitcoin is rising

Institutional interest in Bitcoin has also reached new levels, noted by BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) bringing in a record $1.12 billion in daily inflows. This followed BlackRock setting a new record in October when its total assets reached $30 billion in 293 days.

Speaking of the recent price rally, Toledano, said:

“There is clearly heightened confidence in Bitcoin as a key investment vehicle and institutional investors are not only recognizing Bitcoin’s resilience as an asset class but are increasingly allocating capital in response to favorable macroeconomic conditions, including recent rate cuts and political shifts.”

Other coins that are rallying include Ethereum, trading over $3,100, Solana, at $216, and Dogecoin, up nearly 158% in the past month at $0.2877.

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Crypto price predictions: Vantard, Cardano, Hamster Kombat

Cryptocurrency prices jumped sharply as Bitcoin moved close to the important resistance point at $80,000. Other cryptocurrencies like Cardano (ADA), Hamster Kombat (HMSTR), and Catizen (CATI) have all surged by double digits. The market cap of all coins has jumped to over $2.7 trillion. This article looks at top coins like Vantard (VTARD), Cardano, and Hamster Kombat.

Hamster Kombat price forecast

The Hamster Kombat token price has surged hard in the past few days, ending the recent bear market. This rebound happened after the coin formed a falling wedge chart pattern, a popular bullish signs in the market.

The Hamster Kombat token has moved above the 25-period and 50-period Exponential Moving Averages (EMA). Also, the Relative Strength Index (RSI) and the Stochastic Oscillator have all pointed upwards. 

Therefore, the token will continue rising as bulls target the key resistance level at $0.01, which is about 77% above the current level. A drop below the key support level at $0.0040 will point to more downside to the key support at $0.002.

Cardano price prediction

The daily chart shows that the ADA price has surged hard in the past few days. It has risen in the past six consecutive days, reaching its highest level since April 9 of this year. It has crossed the important resistance point at the 50% Fibonacci Retracement level.

Cardano has formed a golden cross pattern as the 200-day and 50-day moving averages have formed a golden cross pattern. Also, the MACD, Relative Strength Index (RSI), and the Stochastic Oscillators have all moved to their overbought levels. 

Therefore, the Cardano price will likely continue rising as bulls target the key resistance point at $1.

Vantard token sale continues

Vantard, an upcoming Vanguard-themed coin, has become one of the best-performing token sales of the year. In less than three weeks, the token is on track to raise over $1 million from investors.

Vantard’s token sale has attracted thousands of investors who believe that it could be the next big thing in the crypto industry. For one, it is a coin that aims to replicate the success made by most meme coins, which have continued to outperform the likes of Bitcoin and Ethereum.

There are a few important catalysts that could do better when it launches its airdrop in the next few months. 

First, most meme coins are expected to keep soaring during this meme coin rally. Second, Donald Trump is expected to implement friendly policies that will support the cryptocurrency industry.

Third, Vantard will do well because of the Federal Reserve, which is expected to continue cutting interest rates in 2025. It has already slashed rates two times – by 0.75% -, a move that will make it better for investors to allocate cash to meme coins. You can buy Vantard token here.

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