The crypto market is going nowhere at the moment, stabilizing instead of rallying or crashing. However, this is not stopping meme coins from noting extravagant rallies as displayed by MANEKI.
BeInCrypto has analyzed two other meme coins that, while not experiencing explosive growth, are still generating enough market movement to make them important assets to watch.
MAGIC•INTERNET•MONEY (Bitcoin) (MIM)
- Launch Date – February 2025
- Total Circulating Supply – 21 Billion MIM
- Maximum Supply – 21 Billion MIM
- Fully Diluted Valuation (FDV) – $65.54 Million
MIM experienced an eventful week with sharp rallies early on, followed by slight declines in the past few days. Currently trading at $0.003026, this meme coin has garnered attention due to its performance as a Bitcoin-based token.
Despite recent declines, MIM has surged by 64% over the past week. The token’s unique positioning as a meme coin on Bitcoin adds to its intrigue, especially as meme coins expand into different blockchain ecosystems. This trend indicates growing investor interest and speculation in such assets.
MIM remains primed for further gains, potentially reaching $0.004000 or higher. However, if investors decide to sell, the price could fall back to $0.00200, reflecting the volatility of meme coins. Traders should carefully monitor market sentiment and any signs of selling pressure.
Shiba Inu (SHIB)
- Launch Date – August 2020
- Total Circulating Supply – 589.2 Trillion SHIB
- Maximum Supply – 589.5 Trillion SHIB
- Fully Diluted Valuation (FDV) – $7.01 Billion
Shiba Inu’s price is currently at $0.00001189, continuing its downtrend since the start of the year. While the meme coin shows signs of potential recovery, the reduced burn rate has contributed to limiting upward momentum. A continuation of this trend could hinder any substantial gains for SHIB.
The burn rate for Shiba Inu has dropped significantly, falling by 98% over the last 24 hours. A high burn rate usually helps reduce inflation and supports price growth. The current decline in burn rate presents challenges, as it reduces demand and further limits SHIB’s ability to recover in the short term.
SHIB is holding above the support level of $0.00001141 and may continue to consolidate around this price point. However, if it breaches the $0.00001252 resistance, it could invalidate the bearish-neutral outlook.
Small Cap Corner : MANEKI (MANEKI)
- Launch Date – April 2024
- Total Circulating Supply – 8.85 Billion MANEKI
- Maximum Supply – 8.88 Billion MANEKI
- Fully Diluted Valuation (FDV) – $38.45 Million
MANEKI has emerged as one of the top-performing tokens this month, gaining 33% over the past week. In the last 24 hours alone, the meme coin surged by more than 30%, showing strong potential for further upward movement. The growth in the cat-themed token market is fueling this momentum.
Despite being a small-cap token, MANEKI has caught the attention of investors. The growing interest in cat-themed tokens has added to its appeal. Currently trading at $0.0043, the coin is on the verge of breaching the $0.0047 resistance. A successful breakthrough could push the price to $0.0055.
However, if the price fails to breach $0.0047, the coin could fall back to $0.0036. Losing this support would invalidate the bullish thesis, causing a drop to $0.0022. Investors need to monitor the price closely to determine the next potential move for MANEKI.
Source: BeInCrypto / Digpu NewsTex