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Recently, the cryptocurrency market has witnessed notable shifts, particularly among meme coins like MANEKI, MIM, and Shiba Inu.
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Despite the market stabilizing, these coins have shown remarkable volatility and investor interest, reflecting broader trends in the crypto ecosystem.
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According to recent data from COINOTAG, MANEKI’s incredible rally underscores a growing demand for niche tokens, particularly those themed around popular culture.
This article explores the latest developments in the crypto market, focusing on meme coins MANEKI, MIM, and Shiba Inu, as they navigate volatility and investor interest.
MAGIC•INTERNET•MONEY (Bitcoin) (MIM) Surges Amid Volatility
MIM, which debuted in February 2025, has made headlines with its remarkable weekly performance, demonstrating a surge of 64% before experiencing slight declines. Trading currently at $0.003026, MIM represents an interesting case within meme coins, leveraging its association with Bitcoin to attract investment.
This meme coin features a total circulating supply of 21 billion MIM and a fully diluted valuation of $65.54 million. The coin’s recent fluctuations suggest it could potentially reach $0.004000, yet market forces indicate a risk of retracement back to $0.00200. Investors should remain vigilant regarding market sentiment and price movements.
MIM Price Analysis. Source: CoinGecko
Shiba Inu’s Struggles Amid Declining Burn Rate
Shiba Inu (SHIB), which launched in August 2020, currently trades at $0.00001189 and is facing significant challenges, including a substantial drop in its burn rate, which has fallen by 98% within the last 24 hours. The reduced burn rate limits potential upward price movements, presenting a real challenge for the coin.
Despite these difficulties, SHIB is holding support at $0.00001141. Any breach below this threshold could trigger further declines, while a break above the resistance at $0.00001252 might suggest a recovery. Monitoring these critical price levels is vital for investors.
SHIB Price Analysis. Source: TradingView
Diving into Small Cap Tokens: MANEKI Takes Center Stage
Launched in April 2024, MANEKI has captured the attention of crypto enthusiasts, experiencing an impressive rise of 333% recently. With a total circulating supply of 8.85 billion MANEKI and a fully diluted valuation of $38.45 million, this cat-themed token has become a facilitator of the burgeoning trend towards meme-based cryptocurrencies.
Currently trading at $0.0043, MANEKI is testing resistance around $0.0047. A successful breakout could pave the way for a price target of $0.0055, although failure to maintain this momentum could lead to a drop back to $0.0036.
MANEKI Price Analysis. Source: TradingView
Conclusion
The current landscape of the cryptocurrency market highlights a dichotomy between stabilization and specific meme coin exuberance, particularly for tokens like MANEKI, MIM, and SHIB. As investors navigate these volatile assets, the importance of vigilant monitoring remains paramount, especially regarding price support and resistance levels. Overall, continuing trends in the meme coin sector suggest a fusion of speculative behavior and cultural resonance, which will likely influence market movements in the near future.
