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$SHIB Rockets 13% as Market Recovers
$SHIB Rockets 13% as Market Recovers
Shiba Inu, the 2nd-largest meme coin by market cap, jumped 13.9% in the past 7 days, marking one of the biggest gains in the meme coin market in a month.
While most crypto traders were taken by surprise, ClayBro saw the move coming. He spotted a 180% increase in buying activity around $SHIB, which corresponds to an explosive growth in overall trading volume around the token. Shiba Inu is now trading with 24-hour volume of $289.5 million, with more trading taking place every successive day of the rally.
The bullish move was broad-based—nearly all major meme coins moved higher—but Shiba Inu led the way. It gained more than Dogecoin, Pepe, Dogwifhat, Bonk, and Brett. In fact, Floki Inu, which is based on the same shiba inu meme as $SHIB, was the only top 10 meme coin to post a larger gain.
That broad-based move bodes well for Shiba Inu, which could continue its momentum to post even more gains. Traders who bought at the bottom could be in for a solid gain if the token is able to climb back to its March peak of $0.000036. $SHIB is currently trading at $0.0000180.
Analysts Also Bullish on WienerAI – $7M ICO Ends in 15 Days
While ClayBro was one of the first to spot the move in Shiba Inu, it’s not $SHIB that he’s been telling followers to buy. Instead, he’s been heaping praise on WienerAI, a new meme coin that he thinks could have 10x potential after launch.
Other analysts have also noted the token’s potential, with Jacob Bury speculating it could be the next 100x meme coin.
WienerAI combines two themes that the crypto world loves: dogs and AI. The token features an adorable dachshund as its mascot and is in the process of building an AI-powered crypto trading bot.
On the meme side, WienerAI has set a tone meme coin users are sure to love. Playing on the sausage shape of its mascot and Shiba Inu’s ‘Shib Army,’ the project calls its community the ‘Sausage Army.’
On the trading bot side, WienerAI has released a preview showing some impressive features. For example, the bot will include a ChatGPT-like interface that traders can use to find opportunities that fit their strategy or to ask the bot more about why it recommended a certain trade.
The AI trading bot has the potential to be a serious game-changer for meme coin trading. It’s able to outrun MEV bots, suggest which DEX to use to place a trade, and much more. The bot will be powered by the $WAI token, giving this coin immense value after it hits exchanges.
Traders who want to get ahead can buy $WAI during the WienerAI presale, which is going on now and has already raised nearly $7.5 million.
Conclusion
The rally in Shiba Inu has been a pleasant surprise for many traders, and analysts are now eyeing another meme coin with potential. WienerAI combines the popularity of dogs and AI to create a unique and promising project. With a strong presale underway and impressive features in its AI trading bot, this token could be poised for massive gains.
FAQs
Q: What was the reason behind Shiba Inu’s recent rally?
A: According to ClayBro, a 180% increase in buying activity around $SHIB was spotted, leading to a massive growth in overall trading volume.
Q: What are the key features of WienerAI’s AI trading bot?
A: The bot includes a ChatGPT-like interface, ability to outrun MEV bots, and suggests which DEX to use for trades.
Q: How much has WienerAI raised in its presale?
A: Nearly $7.5 million has been raised so far in the presale, with the ICO ending in 15 days.
Q: What is the current price of Shiba Inu?
A: Shiba Inu is currently trading at $0.0000180.
Q: How does WienerAI’s AI trading bot differ from other bots in the market?
A: WienerAI’s AI trading bot has the potential to be a game-changer in the meme coin trading space due to its ability to outrun MEV bots, suggest which DEX to use, and much more.
