Bitcoin price has closed above $72,000 for the first time and is currently trading at $72,300. In the last 24 hours, BTC reached as high as $72,800, thus bolstering the rise of altcoins. Notably, the ongoing altcoin rallies have started to take a pause for some profit-taking.
The Future of Shiba Coin
As one of the largest meme coins by market value, Shiba Coin finally breaks upward after a prolonged period of stagnation. With a daily increase of about 5%, the price seems eager to reach higher levels.
Shiba Coin peaked at $0.000045 during the week of March 4, creating a long upper wick as investors took profits. However, its refusal to drop below $0.0000306 reflects investors’ appetite for further increases. If the price continues to linger in the current range, it could reach the ATH region after surpassing the $0.0000477 and $0.0000591 peaks.
The peak for Shiba Inu (SHIB) on the Binance exchange is at $0.0000885. However, Shibarium data is not supportive for SHIB. Daily active users nearly reached 2,000 on March 4 but dropped below 150 yesterday. Despite last year’s excitement, Shiba’s layer2 solution is underperforming on its most crucial days.
The Future of PEPE Coin
Launched during a bear market, PEPE Coin quickly reached a volume of over $1 billion. Even today, this volume equates to around $20 billion, marking a strong start for PEPE Coin.
In three weeks, it surged by 639%, pushing its all-time high even higher. Elon Musk‘s response to a PEPE-themed post hints at future speculative growth potential. Despite profit-taking, there’s no significant loss. As long as the $0.0000085 region is maintained, the price could move to $0.00000994 to drop another zero. Beyond that, it will seek peaks above $0.00001.
The Future of GALA Coin
Blockchain-based gaming offers one of the strongest alternatives. It could become the Web3 world’s Epic Games, but there’s still a long way to go. It was one of the fastest-growing altcoins recently, but now it’s facing sell-off pressures.
GALA Coin is currently holding above the $0.07 support level, and if it surpasses $0.0867, it could reach $0.1. However, if the sell-offs continue, it could potentially drop back to $0.043.
