Mixed Trends: DOGE and SHIB dey drop, MANEKI dey rise as market dey change
Di cryptocurrency market dey experience mixed dynamics wit different trends among meme coins. While old meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) dey face big drop sake of say market cap and burn rate don reduce, one new one wey dem dey call MANEKI dey show big growth. DOGE and SHIB market value don drop by 66% from where e first reach wey plenty people dey sell am, so traders dey shift focus to coins wey dey more stable and strong like Bitcoin, wey don dey gain ground as market no dey too sure. But MANEKI, wey dem introduce for April 2024, don jump up by 333%, wit technical indicators dey show say e fit reach new high levels. MAGIC INTERNET MONEY (MIM) don see increase, even though e still dey change anyhow. Dem dey advice investors to dey watch technical levels and how market dey feel as all these things dey happen.
Bearish
News dey show say meme coins like DOGE and SHIB no dey do well, as market money dey reduce and investors dey move to Bitcoin because of wahala. But, new coins like MANEKI dey grow well, even though na gamble. This different performance dey create wahala for old meme coins, while new coins like MANEKI fit give small time gains but with risk. Overall, as investors dey move to Bitcoin, e show say dem dey run from high-risk assets to where things dey stable because market dey shake.