Shitcoin Price Soars 80% In A Week As Traders Turn To This Meme Coin Dishing Out Bonuses To Degens

On Sep 25, 2024

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The Shitcoin price surged 12% in the last 24 hours to trade at $0.01184 as of 5 a.m. EST on trading volume that skyrocketed 32% to $5.86 million.

The pump added to an 80% surged for the token in the past week, which brought the Solana-based SHIT from $0.006608 last Wednesday to its current price.

The token is also currently ranked fifth on CoinMarketCap’s list of trending cryptos, although it ranked even higher yesterday — something that the popular meme coin highlighted in a recent post on X.

Hey @CoinMarketCap, is that $SHIT trending #1 over Bitcoin?
Guess we’re really the shit now. pic.twitter.com/suoB9jwq4j
— Shitcoin (@shitcoin) September 24, 2024

The project’s continuous price surge over the past several weeks comes primarily from new listings, as Shitcoin itself pointed out. It said in a post published on September 3 that it got listed on BloFin Exchange, which marked its third CEX listing in as many weeks.

3rd CEX listing in 3 Weeks.
Get that $shit on @BloFin_Official
and don’t get caught with ur pants down before the next leg up… pic.twitter.com/6hob58aN74
— Shitcoin (@shitcoin) September 23, 2024

Shitcoin Price Prediction

Despite seeing regular growth for weeks, the SHIT token encountered several major resistances that took time to breach, often rejecting its price. The latest one that emerged as a major barrier for the project was at $0.013 — a barrier that Shitcoin hit only hours ago, and has failed to overcome.

In fact, its price was rejected back to the support at $0.012. With that said, there are multiple technical indicators that suggest that Shitcoin might soon bounce back up, and retest the resistance — possibly even breaching it and enabling its value to continue its increase.

The project’s Bollinger bands have seen a sharp narrowing after its price started a rather sharp and sudden drop a few hours ago. However, soon after the bands started widening again, which can be perceived as a bullish move. The price, which once pushed the lower band further down, is now slowly returning to the middle point between the upper and lower band, which is also an improvement.

In addition, the project’s Relative Strength Index (RSI) has also spiraled down in a similar fashion, going from the overbought zone to the oversold zone, reaching the value of 33.88 as of the time of writing.

The RSI crash came as traders started rapidly selling their SHIT tokens, which allowed the bearish sentiment to overtake the bulls. But, with the RSI value now at the border between the neutral and oversold areas, trades who take their cues from the RSI performance ara bound to start buying the token again.

Doing so will push the demand up, and with it, the token’s price, as well. In other words, many signs are pointing at the fact that SHIT is about to see a new bull run that is likely to bring it back to $0.013, and potentially break the resistance, pushing the meme coin further up.

Promising Alternative To Shitcoin

Even as the Shitcoin price surges, some would argue that the token has had its time to shine and that now might be the moment to consider a new crypto like Memebet Casino (MEMEBET Token).

Memebet Casino is a new cryptocurrency that is a mix of casino token and meme coin, as its name clearly suggests. Essentially, this is the first web and Telegram casino that allows players to play games and place bets by using meme coins.

While there are plenty of crypto casinos out there, none of them cater specifically to meme coin investors.

The project has had a strong start, raising over $284k in two weeks and is offering airdrops, bonuses, and other similar benefits. The team says the project is designed by degens specifically for degens.