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Shiba Inu ($SHIB) price has declined 9% from Thursday’s high, the token is trading around the $0.00000765 level.
The sharp decline of $SHIB has raised questions about the future of the coin – with many wondering whether its pricing potential is lost in the water.
In other news, the Wall Street Memes ($WSM) presale has now raised an incredible $11 million, indicating investor appetite for community-backed meme coins.
A week of volatility prompts $SHIB holders to exercise caution
It has been a stormy week for Shiba Inu holders, given the extreme volatility of the coin.
At the beginning of the last week, the price climbed above the 20-day exponential moving average (EMA) on the daily price chart and reached a high of $0.00000846.
Unfortunately, $SHIB could not breach the 50-day EMA – and immediately rejected the indicator, leading to a sharp decline in price.
The price is now stuck between the 20-day and 50-day EMA, with no clear directional bias present.
Given the history of Shiba Inu surrenders, a sense of uneasiness has arisen in the investor base due to the stability of the prices in the last three days.
Market sentiment has turned cautious, with $SHIB holders expecting some catalyst to turn the token’s price in either direction.
Shiberium development offers glimmer of hope for Shiba Inu
Amid this uncertainty, many Mem coin enthusiasts are deliberating whether the ongoing volatility is the “new normal” for the Shiba Inu.
However, crypto influencer Miles G, who has nearly 150,000 views on YouTube, released a Video Detailing his short-term optimism – referencing Shiberium’s recent development update.
Shiberium is an upcoming layer-2 network for the Shiba Inu ecosystem that will be built on the Ethereum blockchain.
The layer-2 network is expected to go live later this year and aims to expand the Shiba Inu ecosystem to include decentralized finance (DeFi) apps, the metaverse world, and blockchain-based games.
The developers of Shiba Inu are simultaneously working on a service called “Shibacles” that will be used to link NFTs to real-world assets (such as artwork) – thereby helping to prove ownership.
This ambitious growth strategy has sparked excitement among $SHIB holders – many of whom expect these upgrades to add significant value to the token.
Thus, although the price of $SHIB has been volatile for some time now, the ongoing ecosystem development suggests that the future of this popular meme coin may be bright.
Which meme coins can outdo the Shiba Inu?
While the price of $SHIB remains volatile, a new entrant in the meme coin sector has attracted attention – Wall Street Memes.
This fresh-off-the-block coin has garnered massive interest from the trading community and has raised a remarkable $11 million through its presale phase.
Wall Street Memes Poised To Disrupt The Meme Coin Space After Raising $11M
Wall Street Memes ($WSM)The self-proclaimed champion of the “little guy”, is a meme coin that is currently shaking up the status quo in the crypto market.
With the viral power of crypto-based memes, Wall Street Memes aims to “tokenize” its community of over 1.1 million people by launching the $WSM token.
Importantly, the Wall Street meme team has already demonstrated its ability to generate demand for viral digital assets. wall st bulls nft collection Sold out in 2021 in just half an hour.
This earned the creators a cool $2.5 million – making the Wall Street Memes brand stronger in the crypto-sphere.
Now that the Wall Street memes team is preparing to launch $WSM on tier-1 crypto exchanges, many early investors speculate that the token’s price could skyrocket.
Over 9,000 people have already opted to join the project telegram channelWhich has seen massive growth due to the initial success of the presale.
The Wall Street Memes presale is currently in stage 19 out of 30, meaning that eager investors have already taken about two-thirds of the token allocation.
With $WSM available for only $0.0304, some believe this could be a golden opportunity to get in on the ground floor of a potential crypto revolution.
Visit Wall Street Memes Presale
Disclaimer: The above article is sponsored content, and is written by a third party, and is for promotional purposes only. It does not represent the opinions or views of Cryptopotatoes, and nothing herein should be construed as financial advice. Readers are strongly advised to independently and carefully verify the information. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above sponsored content.
Readers are also advised to read Cryptopotato’s full disclaimer.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
Shiba Inu ($SHIB) price has declined 9% from Thursday’s high, the token is trading around the $0.00000765 level.
The sharp decline of $SHIB has raised questions about the future of the coin – with many wondering whether its pricing potential is lost in the water.
In other news, the Wall Street Memes ($WSM) presale has now raised an incredible $11 million, indicating investor appetite for community-backed meme coins.
A week of volatility prompts $SHIB holders to exercise caution
It has been a stormy week for Shiba Inu holders, given the extreme volatility of the coin.
At the beginning of the last week, the price climbed above the 20-day exponential moving average (EMA) on the daily price chart and reached a high of $0.00000846.
Unfortunately, $SHIB could not breach the 50-day EMA – and immediately rejected the indicator, leading to a sharp decline in price.
The price is now stuck between the 20-day and 50-day EMA, with no clear directional bias present.
Given the history of Shiba Inu surrenders, a sense of uneasiness has arisen in the investor base due to the stability of the prices in the last three days.
Market sentiment has turned cautious, with $SHIB holders expecting some catalyst to turn the token’s price in either direction.
Shiberium development offers glimmer of hope for Shiba Inu
Amid this uncertainty, many Mem coin enthusiasts are deliberating whether the ongoing volatility is the “new normal” for the Shiba Inu.
However, crypto influencer Miles G, who has nearly 150,000 views on YouTube, released a Video Detailing his short-term optimism – referencing Shiberium’s recent development update.
Shiberium is an upcoming layer-2 network for the Shiba Inu ecosystem that will be built on the Ethereum blockchain.
The layer-2 network is expected to go live later this year and aims to expand the Shiba Inu ecosystem to include decentralized finance (DeFi) apps, the metaverse world, and blockchain-based games.
The developers of Shiba Inu are simultaneously working on a service called “Shibacles” that will be used to link NFTs to real-world assets (such as artwork) – thereby helping to prove ownership.
This ambitious growth strategy has sparked excitement among $SHIB holders – many of whom expect these upgrades to add significant value to the token.
Thus, although the price of $SHIB has been volatile for some time now, the ongoing ecosystem development suggests that the future of this popular meme coin may be bright.
Which meme coins can outdo the Shiba Inu?
While the price of $SHIB remains volatile, a new entrant in the meme coin sector has attracted attention – Wall Street Memes.
This fresh-off-the-block coin has garnered massive interest from the trading community and has raised a remarkable $11 million through its presale phase.
Wall Street Memes Poised To Disrupt The Meme Coin Space After Raising $11M
Wall Street Memes ($WSM)The self-proclaimed champion of the “little guy”, is a meme coin that is currently shaking up the status quo in the crypto market.
With the viral power of crypto-based memes, Wall Street Memes aims to “tokenize” its community of over 1.1 million people by launching the $WSM token.
Importantly, the Wall Street meme team has already demonstrated its ability to generate demand for viral digital assets. wall st bulls nft collection Sold out in 2021 in just half an hour.
This earned the creators a cool $2.5 million – making the Wall Street Memes brand stronger in the crypto-sphere.
Now that the Wall Street memes team is preparing to launch $WSM on tier-1 crypto exchanges, many early investors speculate that the token’s price could skyrocket.
Over 9,000 people have already opted to join the project telegram channelWhich has seen massive growth due to the initial success of the presale.
The Wall Street Memes presale is currently in stage 19 out of 30, meaning that eager investors have already taken about two-thirds of the token allocation.
With $WSM available for only $0.0304, some believe this could be a golden opportunity to get in on the ground floor of a potential crypto revolution.
Visit Wall Street Memes Presale
Disclaimer: The above article is sponsored content, and is written by a third party, and is for promotional purposes only. It does not represent the opinions or views of Cryptopotatoes, and nothing herein should be construed as financial advice. Readers are strongly advised to independently and carefully verify the information. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above sponsored content.
Readers are also advised to read Cryptopotato’s full disclaimer.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
