Happycoin.club - Crypto analyst and trader Crypto Tony believes that the meme coins are looking very good right now, especially Shiba Inu (SHIB), which is slowly gaining momentum. One of the events that may be contributing to FLOKI's rally was DWF Labs' acquisition of tokens worth about $1.25 million, which led to an 18% increase in the meme coin's price. In addition, FlokiFI Locker, an element of the FLOKI ecosystem, recently reached a record $100 million in total blockchain value (TVL), partly indicating the FLOKI project's confidence in token storage and DeFi services.
The U.S. Bureau of Labor Statistics is releasing consumer price index (CPI) inflation data for November today. Inflation is forecast to fall to 3.1%, the lowest level in five months. The cryptocurrency market, analysts predict, should start to rise. The US dollar index (DXY) fell below 104, moving around 103.75, which may support the recovery of BTC price. Experts say that a correction of the cryptocurrency market to $40 thousand is possible, but analysts predict the continuation of BTC growth to $50-60 thousand.
Dogecoin (DOGE), the largest meme (memcoin) cryptocurrency by capitalization, celebrates a decade today, December 7. According to Coinmarketcap, the cryptocurrency has a capitalization of $14.2 billion and is the ninth largest cryptocurrency. Over the past 24 hours, DOGE has gained 12.7% and is trading at $0.1 as of 15:30 Moscow time. Dogecoin price chart. Source: Coinmarketcap Exactly ten years ago, on December 6, 2013, a developer named Jackson Palmer created Dogecoin, ironizing the crypto market of that time. The coin's mascot was a Shiba Inu dog named Kabosu.
Solana (SOL): impressive results continue despite signs of a price correction SOL is facing a possible price correction due to TD Sequential's sell signal SOL fell 2.06% in 24 hours but maintained impressive overall performance