Popular meme coins like DOGE, SHIB, and FLOKI continue to compete on fundamental developments as well as charts. The crypto community heard important news from these 3 meme coins today.
Floki Inu (FLOKI) announces partnership with RadioShack
RadioShack Swap announced the addition of support for Floki Inu (FLOKI). The partnership came to increase adoption of Floki’s innovative solution, the FlokiFi Locker protocol.
https://twitter.com/RadioShack/status/1555239957769474051
FLOKI has listed a $400,000 liquidity pool on the RadioShack platform to allocate $200,000 worth of FLOKI from the Floki treasury and match them to RADIO. This pool will then be locked/burned with FlokiFi Locker.
Dogecoin releases LibDogecoin upgrade
Dogecoin announced that they have released version 0.1 of their C library, called Libdogecoin. According to the company, Libdogecoin is a comprehensive implementation of Dogecoin Protocols. It is also a programming library that allows anyone to create a Dogecoin compatible product without worrying about the nuances underlying crypto functions. The announcement came from Dogecoin developer Michi Lumin’s Twitter account.
So after several months, many late/sleepless nights, and one false launch, #libdogecoin v0.1 is now ready play with right here:https://t.co/hcYXnt8UJX
Huge props to the rest of our small lib team, @KBluezr and Jackie (github: jaxlotl) , for the insane effort.
More to come.
— Michi Lumin (@michilumin) August 5, 2022
Libdogecoin will not provide a ‘runnable’ node facility. Instead, the company says it will only operate as a library. The process of assembling individual components into a single engine is planned to occur at a higher level through the use of network libraries provided by the host language.
As to why it was made and what it accomplished for Dogecoin, the firm behind it said it hopes to increase the innovation capacity of the community by making the core functionality of Dogecoin accessible as a simple C library with bindings for various languages.
Dogepedia will be users’ Dogecoin library
As you follow on Kriptokoin.com, Dogecoin recently announced that it has launched Dogepedia, which will be used to combat FUD. Dogepedia is the comprehensive database covering all aspects of Dogecoin, including instructions and frequently asked questions. However, unlike Wikipedia, the content is not created by users. Also, it is not modified by any user. Thus, the accuracy of the information is controlled.
https://twitter.com/tjstebbing/status/152092819921088513
Shiba Inu completes an important technical formation
According to Shiba Inu’s daily chart, the price is now moving towards the upper end of the range created in July. If SHIB reaches the upper limit, we will see a consolidation where it will either rush to the next resistance levels or return to the lower limit of the range, according to analyst Arman Shirinyan.
The formation that we can see in Shiba is now the flag formation, which is formed during sharp trends and acts as a “cooling off”. However, statistics show that the Shiba has fallen below the lower end of most models and is seeking new bottoms. However, there is a possibility that Shiba will see an increase in upside volatility which will have a positive impact on the price.
The market has already confirmed the pattern formation with the help of the usual decreasing dynamically showing volume profiles for this model. We will most likely see an increase in trading volume when SHIB breaks the resistance level and exits the chart pattern.
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