A fight Over Shark Cat Meme Coin, Involved In A Legal Battle
- Development of Meme Cryptos:
- Memes turning into multi-million dollar ventures overnight in the cryptocurrency world.
- Pet parents facing unwanted spotlight due to crypto culture.
- Fair & Desired Compensation:
- Cat parent seeking fair compensation for the use of her cat's image in meme coins.
- Initial resistance from the Shark Cat team led to negotiations breaking down.
- Discussion On Another Meme Coin:
- Cat parent entering discussions with another meme coin, White Coffee Cat (WCC), based on her other cat, Coffee.
- WCC team showing genuine concern and offering a stake in the token for using Coffee's likeness.
- Legal Issues and Consequences:
- Shark Cat team facing potential legal liabilities for copyright infringement.
- Discovery of real identities and residence of the Shark Cat team in the United States strengthening the case for legal action.
- Conclusion:
- Shark Cat's token value plummeting by 70% after the argument.
- Emphasis on the need for transparency, respect, and legal compliance in the world of meme coins.
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Technical Analysis for SC
Technical Sentiment Analysis for Siacoin (SC). As of , Siacoin (SC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Siacoin (SC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000694 | 0.000862 | 0.00103 | 0.0012 | 0.00137 | 0.00154 | 0.00171 |
| Fibonacci | 0.000862 | 0.000991 | 0.00107 | 0.0012 | 0.00133 | 0.00141 | 0.00154 |
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