Shiba Inu continues to surge as traders turn bullish, pushing the number-two-ranked meme coin toward its all-time high prices.
The cryptocurrency exploded by an extraordinary 275% this week as the Bitcoin price hike toward $69,000 continues to drive prices higher.
While traders turn bullish on meme coins like Shiba Inu ($SHIB), they’re also turning their attention to newly-emerging meme coins with projects like Smog Token ($SMOG) and Scotty the AI ($SCOTTY) also rising.
Shiba Inu Sees Impressive 275% Surge This Week – All-Time High Coming?
Shiba Inu ($SHIB) has seen impressive growth this week after surging by an impressive 275% to reach as high as $0.0000438.
The cryptocurrency had been trading beneath the 2023 highs until the first few days of March pushed the market higher into the $0.00002200 resistance.
$SHIB stalled at this resistance over the weekend but exploded higher yesterday, allowing it to reach as high as $0.0000438 today, meeting resistance at a 1.272 Fib Extension level. It has since pulled back but is finding support at the February 2022 high of $0.00003520;
Looking ahead, if the buyers can overcome the hurdle at $0.0000438, higher resistance lies at $0.0000472 and $0.00005. Beyond $0.00005, additional resistance is expected at $0.0000543 (December 201 highs), $0.00006, $0.000065, and $0.00006812 (1.618 Fib Extension).
On the other side, the first support lies at the February 2022 highs. This is followed by $0.00003175 (.382 Fib), $0.00003000 (April 2022 highs), $0.00002780, and $0.00002320 (.618 Fib Retracement).
What Other Tokens Are Also Rising?
While meme coins see a sudden pump, the rest of the sector is also witnessing aggressive price hikes.
In particular, Smog Token is seeing huge gains as it sets fresh all-time high prices, with traders hailing it as the next $BONK.
Scotty the AI is seeing impressive growth in its presale numbers as investors rush to get positioned as early adopters in the AI-centered project.
Smog Token ($SMOG) Sets New All-Time High as Traders Suggest It’s the Next $BONK
Smog Token ($SMOG) is one of the newly emerging meme coins that’s making an impact in the sector.
The cryptocurrency launched on Solana’s Jupiter DEX in February and has since skyrocketed to reach a market cap above $90 million.
The meme coin intends to bring a historic airdrop to the meme coin space, allowing users to buy and hold $SMOG to earn airdrop points. Users can also increase their airdrop points by participating in the Zealy campaign, which has witnessed over 600,000 quests completed – demonstrating the immense hype behind the airdrop.
The team has set aside an impressive 30% of the total supply to facilitate the airdrop, with many expecting huge wallet balance increases once it lands.
$SMOG is also available on Ethereum after the team launched it through Wormhole, making it a multi-chain meme coin.
The best place to buy $SMOG is through the project’s website, which offers a 10% OTC deal. Alternatively, it can be purchased on Jupiter DEX using $SOL.
Scotty the AI ($SCOTTY) Sees Impressive Growth as Presale Grows Beyond $2.3 Million
Scotty the AI ($SCOTTY) is another meme coin project turning heads as its presale grows beyond $2.3 million this week.
This innovative meme coin is centered around AI, with an AI integration into its blockchain and a suite of AI-powered products to provide real-world utility to the community.
Through its products, the platform intends to enhance how users perceive security, fraud detection, and risk mitigation in the blockchain space.
Scotty Swap is one of its products that comes with an AI integration to provide seamless token swaps for traders. Its AI integration ensures that all swaps are optimized for maximum gains and introduces the ability to place limit orders ahead of time.
Scotty the AI also has Scotty Chat, an AI-powered chatbot that provides deep market insights and analysis to users interacting with it. The chatbot uses its AI integration to comb through blockchains and alert users to emerging industry trends, allowing them to get ahead of the herd.
Overall, with the AI narrative pumping markets, it’s unsurprising to see $SCOTTY thriving.
The token can be purchased on presale through the project’s website using $ETH, $USDT, or a credit/debit card.
