Shiba inu

Shiba Inu Coin is a victim of its own success, while Wall Street memes fetch $13 million in presale

Join our Telegram channel to stay updated on breaking news coverage

The rapid rise in popularity of the Shiba Inu coin has made the coin a victim of its own success. Meanwhile, Wall Street Memes has set an impressive pre-sale target of $13 million.

Although both projects reflect meme-coin tendencies, their trajectories will differ as they navigate the emerging cryptocurrency landscape.

Shiba Inu Coin will have to deal with scalability and regulatory scrutiny while Wall Street Memes builds on its strong presale momentum to provide a strong foundation for future growth.

The rise and challenges of the Shiba Inu coin: a victim of its own success

The popularity of the Shiba Inu coin has skyrocketed but it comes with some unique challenges. The coin’s similarity with Dogecoin attracted an enthusiastic community of investors, causing its value to skyrocket.

However, the high demand resulted in scalability and liquidity issues, leading to delays and high fees on the Ethereum network.

The popularity of Shiba Inu Coin has raised questions about decentralization, investor protection, and market manipulation. Despite these challenges, the community is actively working on scalability and improving the functionality of the coin.

Despite the uncertain future of Shiba Inu Coin, its journey provides valuable insight into meme-based cryptocurrencies.

Shiba Inu Coin: Challenges Between Popularity and Value History

According to CoinMarketCap, Shiba Inu Coin started August 2020 at $0.000000001009. In May 2021, the coin price rose to $0.00003791 for the first time. It jumped 460% on May 10.

After its initial all-time high (ATH), the price recovered quickly and stabilized between $0.0000065 and $0.000008 until September. The September explosion of Shiba Inu Coin surprised observers as it surged by over 1200% in just one month, reaching $0.00008845 which is its new all-time high.

After reaching the ATH, SHIB price declined sharply, eventually finding support at $0.00000802. Unfortunately, recent events related to the SEC lawsuit against Binance and Coinbase put further pressure on the price, forcing it below the support level.

According to the Shiba Inu price chart, the price briefly revisited its low on June 22, 2021, but is showing signs of upside.

Source: TradingView Weekly Chart

Shiba Inu was trading at $0.000007561 USD with a trading volume of $93M in the last 24 hours. The Shiba Inu price is down 0.21% in the last 24 hours.

Shiba Inu Statistical Data

  • SHIB price now – $0.000007561
  • SHIB Market Cap – $4.46 billion
  • SHIB Circulating Supply – 589.35T SHIB
  • SHIB Total Supply – 589.59T SHIB
  • SHIB Coinmarketcap ranking – 19

Source: Coinmarketcap

Shiba Inu’s Performance and Market Outlook: Influenced by Conditions

The Shiba Inu is at a critical point, and market conditions will affect its performance. A bullish market could lead to a rally, but a bearish one could break the Shiba Inu’s support, leading to a fresh decline.

Cryptocurrencies remain popular despite SEC crackdown; Cryptocurrency prices are still on the rise. Hong Kong has allowed retail investors to trade crypto on exchanges. BlackRock, the world’s largest asset manager, has filed for a bitcoin exchange-traded fund (ETF) and is buying MicroStrategy.

In addition, recent US macroeconomic data show a slow recovery from inflation, with the Federal Reserve holding off on rate hikes as a sign that it is under control.

There are bullish signs coming from institutions and governments towards crypto and recovery in the economy, so the chances of a crash are slim.

Based on these factors, the Shiba Inu has the potential to rebound. Bitcoin will halve in about 300 days, so a rise above the recent trading area seems impossible. The Shiba Inu will likely trade in a range for the rest of the year.

Shiba Inu Coin is a victim of its own success, while Wall Street memes fetch $13 million in presaleSource: TradingView Weekly Chart

In 2023, we predict a minimum price of $0.000005560, a high of $0.00001689, and an average price of $0.00001130 for Shiba Inu.

Memecoin mania: Wall Street memes take center stage in the crypto world

This meme-coin craze shows no signs of slowing down. As new memecoins emerge, they are gaining momentum in the market. The second versions of the already dominant Memcoin also perform well, like Pepe 2.0 and Shib 2.0.

The Wall Street Memes team is committed to becoming the next big memecoin. Pre-sales for the project have already exceeded $13 million and are nearing $14 million. People are brought together, and boundaries are broken.

The Wall Street Bulls NFT collection and the Gamestop incident inspired Wall Street memes. Rather than focusing solely on token accumulation, the project seeks to foster a vibrant community. Memes and decentralized technology give users control over the platform.

Wall Street Memes: Fostering Engagement and Empowering Crypto Enthusiasts

Wall Street Memes is followed by over a million people, which shows how much of an impact a community can have on a crypto project. It raised over $300,000 in its first day. The WSM token is an attractive prospect for crypto exchanges looking to list it after the presale due to its rapid growth and wide acceptance.

WSM, the Wall Street Memes token, is currently in its 21st phase with a price of $0.0313. Over the past few years, Dogecoin has attracted a lot of attraction and attention from investors including Elon Musk, whose support was crucial to its rapid growth.

In addition to garnering support from its community, The Wall Street Memes Project also gives back by airdropping $50,000 to users. The presale continues till the end of the 30th phase, so investors and traders can still participate.

Furthermore, the project promotes decentralized finance (DeFi) and increases liquidity. The project is also engaging with the community and raising awareness of DeFi.

Read also:

Wall Street Memes – The Next Big Crypto

wall street memes

  • Early Access Presale Live Now
  • Established community of stock and crypto traders
  • Featured on BeInCrypto, Bitcoinist, Yahoo Finance
  • Ranked Best Crypto To Buy Right Now In The Mem Coin Sector
  • The team behind the OpenSea NFT collection – Wall St. Bulls
  • Elon Musk replied to the tweets

wall street memes

Join our Telegram channel to stay updated on breaking news coverage

Source

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *