Shadows Over Meme Coins, Dogecoin (DOGE) and Shiba Inu (SHIB) Face New Rival in Breakthrough Fitness Crypto

Shadows Over Meme Coins, Dogecoin (DOGE) and Shiba Inu (SHIB) Face New Rival in Breakthrough Fitness Crypto

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This year is shaping up to be quite the rollercoaster for crypto enthusiasts, with Bitcoin recently hitting a dazzling high of $45,000. Kicking off the year at a humble $16,500, BTC has been on a steady climb, with institutional investors throwing their hats into the ring. 

Then there's the curious case of Dogecoin (DOGE) and Shiba Inu (SHIB). Remember when these meme coins were the butt of jokes? Well, the tables have turned – on November 6, no one was laughing as DOGE and SHIB strutted their stuff, clocking in gains of 4% and 5%, respectively. But with the market taking a breather on Thursday, these two are facing a real test. Can they hold onto their newfound glory or is this just a flash in the pan? And in the midst of all this, there's Step App (FITFI), the dark horse of the move-to-earn (M2E) scene. In just a month, it's jumped a whopping 31%, and it's not just about the numbers – FITFI boasts a spotless rep and is pulling in some serious celebrity love. 

As the market waits with bated breath to see if Dogecoin (DOGE) and Shiba Inu (SHIB) can keep up their momentum, Step App (FITFI) might just be hinting at what's next in the wild world of crypto.

Step App (FITFI): Fitness Pays Off Here

If you've ever thought about pocketing $5 to $50 for each jog, Step App might be just what you're looking for. Since 2022, the project has been financially rewarding its health-focused users, firmly securing its leading position in the move-to-earn market. Being the first application where FitFi meets smart AI workouts, Step proves to have a stable economy and impressive ROI as shown by its resilience throughout 2023 and an ever-growing user base. Even if you're new to Web3, managing earnings in the app is easy, which contributes significantly to the overall adoption of the M2E model. Notably, Step’s esteemed market reputation is further boosted by rave reviews from sports superstars like Usain Bolt.  

Turn Each Step into Real Money – Try Step App Today!

As 2024 rolls in, Step App jubilantly marks its first anniversary with the vibrant launch of Step 2.0 – a major rebranding that injects innovation and simplicity to its expanding ecosystem through a fresh and more inclusive visual identity. In celebration of this exhilarating milestone, they're hosting a not-to-be-missed $10,000 giveaway in FITFI! Along with KCAL, earned from jogs to spruce up your workout gear, FITFI forms the backbone of the Step experience and opens up exclusive app features. Both assets hold promise for future growth and, with the FITFI public vesting ending on January 26, now is an ideal time to snag some tokens before their value takes off. To dive into the giveaway fun, follow Step's socials, download the app, start the trial, and leave a review in a preferred app store. Inviting at least three friends to join Step App is another key term, entering you into a special bonus raffle for a chance to win one of three annual subscriptions designed to bump up rewards and customize in-app adventure.

The Giveaway Is Already Live – Take Your Chance!

Step App (FITFI) Technical Analysis

Peeking into the latest chart of Step App (FITFI), it's playing tag between $0.006569 and $0.008505. This zone is buzzing with potential – the market's feeling pretty confident these days as evidenced by the Fear & Greed Index which is chilling at a lofty 72 and signaling greed. Such a vibe often spells price hikes as more investors hop on, looking to catch the wave of expected gains.

Source: TradingView

The Relative Strength Index (RSI) has settled at 42.42, which is like saying FITFI has found its comfy spot, possibly luring in buyers who've been on the lookout for the 'just right' moment. And with the Stochastic %K at a modest 16.92, it's whispering that the asset might be a bit of a hidden gem at its current price – a wink to those bargain hunters out there. The Average Directional Index (ADX) taking a dip to 14.26 is like the quiet before the storm. It's saying there's no strong trend at the moment, but with Step App (FITFI) ending public vesting and some cool features on the horizon, we might be gearing up for some action. And the Commodity Channel Index (CCI) at -92.585 is nudging about a potential uptick on the way. 

The long-term moving averages (the 200-day SMA at $0.006334 and the 200-day EMA at $0.006521) are looking up, hinting at a positive crossover. If Step App (FITFI) surpasses the first resistance level at $0.008505, it could garner increased market interest, potentially driving the price towards the second barrier at $0.009521. A breakthrough to the third target of $1.011458 would represent a substantial increase from its current price. Additionally, its high liquidity based on market cap adds to the appeal of FITFI as an investment option.

Dogecoin (DOGE): Reacting to Billion-Dollar X.AI Rumors

Dogecoin (DOGE) has been on the rise lately, thanks in part to some buzz around Elon Musk and his AI startup, X.AI. Picture this: news hits that X.AI is considering a massive $1 billion equity offering. With Musk being a known DOGE enthusiast, traders couldn't help but wonder if the meme coin would get a slice of the pie in Musk's ventures. This rumor initially gave Dogecoin (DOGE) a nice lift, but then Musk chimed in with a tweet, clarifying that they weren't raising funds just yet. This threw a bit of cold water on the excitement, and DOGE dropped 9% in just 24 hours.

Dogecoin (DOGE) Technical Analysis

In trader's lingo, Dogecoin (DOGE) is sailing between $0.0902 and $0.103. It's like DOGE is walking a tightrope – the RSI is at a pretty balanced 50.56, suggesting it's neither overbought, nor oversold. But the Stochastic %K is up at 72.86, hinting that the asset might be inching towards the 'too hot' territory. The trend indicator, ADX, is hanging out at 32.08, showing there's some momentum behind this movement, while the CCI is lounging near -10.8, suggesting Dogecoin (DOGE) is just around its average price level.

Source: TradingView 

The 10-day moving averages, both SMA and EMA, are also playing it cool, hovering around $0.095, close to their 200-day counterparts. On the bright side, if DOGE can leap over the $0.103 hurdle, spurred by market optimism or another Musk tweet, it might just make a dash for the $0.1111 mark. Dream big, and even the $1.1239 level isn't off the table. But here's the twist: if the bears take over and the winds shift, Dogecoin (DOGE) could find itself drifting back towards the $0.0902 support. And if the current dips deeper, we might see it nearing $0.0855 or even $0.0727.

Shiba Inu (SHIB): Cautious Optimism Meets Market Reality Checks

With Bitcoin's ascent, Shiba Inu (SHIB) is flirting with the idea of dropping a 'zero' from its price tag, a move that's got the crypto community buzzing as indicated by the frenzy of on-chain activity. SHIB is seeing some serious action, with a jaw-dropping 803% spike in its burn rate and a staggering 363% surge in large transactions. This bustling activity is stirring up excitement and speculation – is Shiba Inu (SHIB) gearing up for a major leap regardless of its latest 5% price dip?

Shiba Inu (SHIB) Technical Analysis

Right now, SHIB is trading between $0.0000091 and $0.0000105, and from the technical standpoint, there's a lot to unpack.The RSI, sitting at 59.77, gives off a vibe of cautious optimism, hinting that traders are somewhat bullish, but not going overboard. The Stochastic %K, soaring at 83.33, is like a party that's maybe getting too loud, suggesting Shiba Inu (SHIB) might be over-celebrated and due for a cooldown. The ADX, playing it cool at 12.23, whispers of a lack of a strong trend, suggesting SHIB is in a 'wait and see' phase. The CCI at a stratospheric 184.466 is like an overzealous fan, potentially pointing towards an imminent price reality check. And with the MACD at zero, it's as if the asset is sitting at a crossroads, pondering its next move. 

Source: TradingView

The 10-day moving averages, both SMAs and EMAs, are in lockstep with the current price, adding to this narrative of a market in contemplation. If Shiba Inu (SHIB) keeps its cool and hops over the $0.0000105 fence, we might witness it stretching its legs towards $0.00001126, basking in bullish glory. This upward journey could be fueled by the market's overall vibe and increased whale activities. But, there's always another side to the story: should SHIB lose its footing and slip below the $0.0000091 safety net, it could find itself tumbling towards $0.00000854 and $0.00000718, a typical move after a market high. This scenario would align with the rapid price movements and heightened trading activities surrounding Shiba Inu (SHIB).

Final Words

As we look forward, the paths of Step App (FITFI), Dogecoin (DOGE) and Shiba Inu (SHIB) are as intriguing as their past. DOGE and SHIB, always sensitive to the market's heartbeat and social media's whispers, and FITFI, with its unique niche, keep us on our toes. Whether we're surfing through bullish trends or steering through bearish tides, the crypto world remains a thrilling, ever-evolving adventure, rich with surprises and ripe with opportunities for the bold.

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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