Bitcoin broke a new all-time high as its market capitalization rose to $2.096 trillion, which places it above Google’s parent company in the global asset rankings. The feat is achieved as BTC is trading just below $105,000. Bitcoin Overtakes Silver and Google in Market Capitalization Bitcoin has risen to sixth place in world asset rankings by market capitalization, ahead of Alphabet (Google) and silver. Recent data by 8marketcap places the flagship crypto at a combined market capitalization worth $2.096 trillion, compared to Google’s $2.028 trillion and Silver’s $1.844 trillion. BTC has shown brilliant performance with 2.56% increase in the past 24 hours and 2.66% increase in the past week. Such upward momentum is contrary to some of the traditional assets leading the list that have shown weekly declines. They are Apple (-1.95%), Amazon (-2.46%), and Silver (-1.10%). Source: 8marketcap Bitcoin’s price movement in recent days has been quite stable, as… Read More at Coingape.com
Fartcoin price has become one of the best-performing cryptocurrencies this month. It has surged by over 170% in the last 30 days, outperforming the stock market and top coins like Bitcoin and Ethereum. Fartcoin is still showing bullish signs, a trend that may be boosted if Solana price surges to $200.
Fartcoin Price Would Benefit if Solana Surges to $200
The ongoing Fartcoin surge has triggered more upside for some popular Solana meme coins. Dogwifhat has jumped by 37% in the last seven days, while Popcat, Cat in a dogs world, and Gigachad have soared by 20% and 50%, respectively.
The rally has also sparked a substantial Solana price comeback. After bottoming at $94.5 earlier this month, SOL has soared by 40% to $135, outperforming comparable tokens like Cronos and Avalanche.
This Solana rally has excited some crypto investors, some whom expect it to rebound to $200 eventually. Such a move would signal a 50% surge from the current level. Such a rebound is possible since the coin has a history of dropping and rising over time.
For example, Solana price crashed to $168 on January 13 and then recovered by 75% to $295 a few days later. Also, as shown below, Solana plunged to $109 in August last year and then soared by 140% to $265 a few months later.
A renewed Solana surge would be highly bullish for meme coins in its ecosystem like Fartcoin, Bonk, and Dogwifhat.
Solana Price Chart
Fartcoin Technical Analysis and Key Targets
Fartcoin price has soared after bottoming at $0.19 in March. It has soared by over 300%, making it the best-performing major coins in the market, and pushing its market cap close to the $1 billion mark.
The token moved above the key resistance point at $0.6345 on April 9. This was a notable level since it was the upper side of the cup and handle pattern, a highly accurate continuation sign.
This C&H pattern had a depth of 71%. The coin has now moved above the 25-day Exponential Moving Average (EMA), which is a bullish sign.
Therefore, measuring 71% from the upper side of the cup brings the target price at $1.0730, which also coincides with the 61.8% Fibonacci Retracement level. That target would be a 20% above the current level. A move above that target would point to an increase to the 50% retracement point at $1.3732. A recent CoinGape article quoted an analyst who predicted that Fartcoin would soar to $1.29.
Fartcoin Price
The bullish Fartcoin price forecast will be canceled if the price drops below the crucial support at $0.6345, the upper side of the cup. It would signal a potential drop to the lower side of the cup at $0.2125.
Shiba Inu (SHIB) price sets its eyes on record highs, with two on-chain metrics suggesting that it may skyrocket soon. These metrics hint that the meme coin has entered an accumulation phase, which may renew the bullish momentum and spark an upward trend.
Despite bullish tailwinds, SHIB value today remains subdued and is down by 15% from its April highs of $0.000015. At press time, the coin trades at $0.000013 with a mild 0.03% gain in 24 hours.
Shiba Inu Price Analysis as 108% Rally Looms
The daily chart for Shiba Inu price hints that an explosive rally is looming, as the meme coin teases a breakout from an accumulation zone after overcoming resistance from a descending trendline. The next key level to watch is $0.00001364, and if it can form a decisive close above it, it will flip the market structure to bullish.
If this breakout occurs, and SHIB holds above the MA level of $0.0000182, a reaccumulation phase will likely play out before a potential 108% rally to $0.0000286.
The RSI stands at 54, an indication that the bullish momentum is strong to support an upward trend. However, traders should remain wary of a weakening uptrend as the AO bars suggest that the bullish sentiment is weak.
SHIB/USDT: 1-day Chart
Despite the weak outlook depicted by the AO bars, two key on-chain metrics hint that the 108% will likely out, and the SHIB price could skyrocket soon.
MVRV Ratio, On-Chain Losses Hint At Explosive SHIB Rally
The Shiba Inu Market Value to Realized Value (MVRV) ratio teases that the price of this top meme coin is about to enter an explosive bull market. This metric is at the same level it was in Q3 2024 before a 54% rally ensued within two months, followed by another 94% surge in Q4. This surge saw SHIB clinch a multi-month high of $0.000033 in late 2024.
Shiba Inu MVRV Ratio
If history rhymes and SHIB follows the same trend, and the price skyrockets by 94%, the new target will be $0.0000259. This supports the thesis around a bullish Shiba Inu price prediction and the possibility of fresh highs being formed soon.
Meanwhile, data from Santiment shows that the ratio of daily on-chain transaction volumes in profits and losses has plummeted to 0.24%, marking the lowest level in nearly two months. This indicates that most holders are in losses, a fact that has always preceded a strong bounce as traders are less incentivised to sell.
SHIB Daily On-Chain Transaction Volume in Profit or Loss
If the Shiba Inu price follows previous trends and these on-chain metrics hint towards a rally, the meme coin will skyrocket and potentially reach new record highs. However, this rally faces headwinds considering that traders have been flocking to newer meme coins, which have diverted capital away from older coins.
