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Recent market turbulence has impacted Shiba Inu (SHIB) and Dogecoin (DOGE), with both memecoins experiencing significant price declines over the past few days. This setback comes amid a broader downturn in the crypto market, yet some analysts remain optimistic about the potential trajectories for these popular memecoins. Javon Marks, a well-known analyst on Elon Musk’s social media platform X, has shared his perspective on both SHIB and DOGE, offering insight into where these memecoins might be headed next. Related Reading: Shiba Inu Burn Rate Explodes 7,240% With 1.1 Billion Tokens Burned In 24 Hours, What’s Driving It? Shiba Inu On The Verge Of A Major Rally In his analysis of Shiba Inu, Marks highlighted several technical signals that could indicate a bullish continuation. He noted that SHIB has already broken out of a larger resistance trend, setting a potential target at $0.000081. Marks emphasized that recent price dips have been met with substantial buyer activity, creating a strong rejection of selling pressure. This, he suggested, could indicate that the market has enough support to shift sentiment back toward a bullish stance. Near 10X to $0.0001553 for $SHIB ????: SHIB (Shiba Inu) has already confirmed Bull Signals that suggest a continuation while also being broken out of a much larger resisting trend that implies $0.000081 to be in play as the target On top of that, buyers in the recent dip showed… https://t.co/DVZmRNVaQZ pic.twitter.com/CwGHrUdLwr — JAVON⚡️MARKS (@JavonTM1) February 4, 2025 According to Marks, these conditions could pave the way for SHIB to eventually reach a higher target of $0.0001553, a level that would represent a significant gain from its current price. In his words: With Shiba’s recent sideways action and dip while holding broken out, this can actually be a positive and contribute to the longevity and scale of this run, making it much more likely for a break above the $0.000081 target to take place which would then welcome $0.0001553 into play! $0.0001553 is currently over 840% way Dogecoin Path Toward Higher Levels Turning his attention to Dogecoin, Marks outlined a similarly optimistic scenario. He pointed out that DOGE has shown a strong breakout response, with recent price action suggesting a potential climb to $0.6533. Marks also indicated that if DOGE were to surpass this level, it could set its sights on a higher target of $1.25111, representing a significant upward move from current levels. $DOGE (Dogecoin) to $0.6533 is looking like its only a matter of time here with such a major breakout response and climb thus far but a move above is looking more and more likely! A move above $0.6533 brings in play $1.25111 which is currently over 333% away… https://t.co/fAGPkw2n2F pic.twitter.com/RyUuojWxsh — JAVON⚡️MARKS (@JavonTM1) February 4, 2025 Featured image created with DALL-E, Chart from TradingView
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Dubai to Host Second Edition of Middle East Blockchain Awards as MENA Drives Global Crypto Growth
Dubai, United Arab Emirates, February 6th, 2025, Chainwire The Middle East Blockchain Awards (MEBA) returns for its second year after the success of its inaugural edition, with Dubai selected as the host city. The ceremony will take place at the iconic Jumeirah Burj Al Arab on April 29, coinciding with the TOKEN2049 conference. The event will unite industry leaders, innovators, and visionaries to celebrate achievements in blockchain and cryptocurrency. MEBA 2025 arrives at a pivotal moment amid the rapid acceleration of blockchain adoption across the MENA region. Recent data from Chainalysis positioned the region as the seventh-largest cryptocurrency market in the world. Between July 2023 and June 2024, MENA received an estimated on-chain value of $338.7 billion—accounting for 7.5% of the global transaction volume. Notably, the UAE has emerged as a global leader in digital asset adoption. According to Henley & Partners’ latest report, the UAE ranks third worldwide in digital currency usage. Chainalysis data also revealed that the UAE received approximately $34billion in cryptocurrencies between June 2023 and July 2024, experiencing a robust 42% year-on-year growth. This is driven by the country’s progressive approach to blockchain technology, with cities like Dubai establishing themselves as key innovation hubs. Max Palethorpe, Founder and CEO of Hoko Group, the official organizers of MEBA, commented: “The Middle East Blockchain Awards provides a unique platform to recognize the incredible achievements that are driving the next wave of innovation in blockchain and digital transformation. With the UAE leading the charge in the Web 3.0 revolution, it’s inspiring to see industry leaders coming together to shape the future of this dynamic industry. This year’s event promises to be a true celebration of the pioneers who are pushing boundaries and setting new standards.” Returning as a judge for the second consecutive year, Dr. Marwan Al Zarouni, CEO, AI for Dubai Department of Economy and Tourism and CEO of Dubai Blockchain Centre (DBCC) added: “ I am thrilled to be part of the judging panel once again and witness the rapid evolution of blockchain technologies in the MENA region. With the UAE at the forefront of this transformation, the government’s forward-thinking approach, combined with the region’s dynamic innovation ecosystem, is accelerating the adoption of Web 3.0 technologies. The Middle East Blockchain Awards captures this momentum and further cements the UAE’s position as a global hub for blockchain excellence.” Other judges of the Middle East Blockchain Awards this year include: ● Jumana Al Darwish, Award Winning Social Entrepreneur and Founder of Happy Box ● Scott Melker, Host, The Wolf of All Streets Podcast, and Crypto TownHall ● Mario Nawfal, Host of Largest Show on X and Founder of International Blockchain Consulting Group ● Saqr Ereiqat, Secretary General of Dubai Digital Assets Association and Co-Founder of Crypto Oasis ● Jorge Sebastiao, Co-Founder Global Blockchain Organization and Co-Founder EcoX ● Matthies Mende, Founder and CEO of Bonuz and Co-Founder of Dubai Blockchain Center MEBA aims to foster innovation, recognize excellence, and set new standards for blockchain and Web 3.0 projects across the region. In its inaugural edition in 2022, MEBA partnered with Abu Dhabi Global Market’s flagship platform, Abu Dhabi Finance Week, and the Middle East, Africa, and Asia Crypto and Blockchain Association (MEAACBA). Submissions are now open at www.mebawards.io , where participants can find additional details about the categories and the nomination process. About Hoko Abu Dhabi Hoko Agency is a diversified and innovative company that owns and operates a diverse portfolio of businesses within the sectors of Finance, Blockchain, Entertainment, Sport and F&B. Hoko strives to be the best-in-class in each of their service lines; offering quality products, world class service and fitting solutions that go beyond the industry’s expectations. Contact Head of PR Yousef Batter White Label Strategy yousef.batter@whitelabelstrategy.io NewsBTC
Impact of U.S. Strategic Bitcoin Reserve: How $1 Billion Investments Could Boost Bitcoin Market Cap by $20 Billion
According to a recent report by the Investment Research Director at Swiss cryptocurrency bank Sygnum, Katalin Tischhauser, significant implications arise from the U.S. Strategic Bitcoin Reserve initiative. The report indicates NewsBTC
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