Author: BTCLFGTEAM

Shiba Inu Prediction 2025 – Can the Meme Coin Repeat Its BOOM?

Shiba Inu Coin triggered massive hype in the last bull market. Due to extreme price increases, small investors jumped on the SHIB bandwagon, which drove the Shiba Inu price upwards. Can this price explosion be repeated in the next bull market? What is the Shiba Inu price prediction 2025? In this article, we discuss the Shiba Inu forecast for the year 2025 and assess whether a similar bullrun can be repeated.

What is the Shiba Inu Coin?

The Shiba Inu is a cryptocurrency that belongs to the meme coins mentioned. These are fun currencies without a specific function, which investors still buy for speculative purposes. The Shiba Inu Coin is a parody of the Dogecoin, the first meme coin ever.

The Dogecoin was the first meme coin to make fun of Bitcoin. The Shiba Inu now took up the Dogecoin meme and turned the confused Shiba Inu dog into an aggressive Shiba Inu dog for its own cryptocurrency. Shiba Inu uses the modern and efficient Proof-of-Stake consensus mechanism. As a result, the Shiba Inu Coin can also be used for transactions quickly and efficiently.

How did Shiba Inu Perform in 2022?

The Shiba Inu price has fallen sharply in recent months. In doing so, the price saw an explosion in 2021, rallying to $0.00008845. We saw an increase by a factor of 8000 since the beginning of 2021. After this price explosion, the Shiba Inu price began to fall sharply in November.

At the turn of the year 2021/2022, the Shiba Inu price was only 0.000033 dollars and had already fallen by more than 50%. In the months that followed, the price continued to fall. In mid-June, the Shiba Inu price hit a low of $0.000008. The price has fallen more than 90% since its all-time high.

Shiba Inu price in the last 12 months, source: gocharting.com

The price has stabilized in recent weeks, which makes the Shiba Inu forecast for the turn of the year a little more calculable. In the last few days, the price has settled around a value of $0.00001.

Can Shiba Inu recover in 2023?

Shiba Inu Coin came out of nowhere in 2021. The coin was only created in 2020 and basically saw an extremely strong increase at the turn of the year at the beginning of 2021. No other major cryptocurrency has seen a surge by a factor of 8000 and it can only come from a meme coin.

As a speculative asset that is even more unpredictable than other cryptocurrencies, massive increases in bullish times are always possible. However, there is also a possibility that the Shiba Inu Coin will disappear into oblivion in the future. This can especially be the case if the meme coin does not receive any attention. The extreme price explosions were mainly triggered by the spread of the meme via social media.

Why can Shiba Inu Price in 2025 EXPLODE?

If we deal with the Shiba Inu forecast for the year 2025, we have to look at the direction in which the overall market should develop over the next few weeks and months. We are in a bear market at the moment, but have reached a stabilization phase.

In the next few months, we could see stronger increases in cryptocurrency prices again, which also improves the Shiba Inu forecast. But especially after the Bitcoin Halving in 2024, the market should slowly but surely transition back into a bull market.

The year 2025 is the year in which the bull market should be back in full swing. The strongest increases should come this year. The market would thus follow its typical 4-year cycle, which is based on Bitcoin Halving.

What is the Shiba Inu Prediction 2025?

Now let’s look at how much the Shiba Inu Coin can rise over the next 3 years. We want to look at how strong the increase in the Shiba Inu coin was in the last bull market and to what extent this increase can be repeated in the next bull market.

In the last bull market, we saw a surge from late 2020 to an all-time high of 8000x in November 2021. This massive surge came as the aggressive dog meme became more prevalent on social media. As a result, more and more speculative investors bought the Shiba Inu Coin, which made the forecast better and better.

Due to the extremely strong increases, more small investors became aware of Shiba Inu. These investors were mostly buyers who invested in cryptocurrencies for the first time or only in the bull market. This type of investor is particularly prominent at the peak of a bull market.

Can Shiba Inu Repeat its Rise In 2025?

An increase by a factor of 8000 hardly seems possible in the future. The Shiba Inu basically came out of nowhere, causing the price to rise from an extremely low value to much higher prices. In addition, it is normal that established cryptocurrencies do not rise as much in new cycles as in the first bull market of a cryptocurrency.

Nevertheless, it cannot be ruled out that the Shiba Inu Coin can increase in value again. We saw a similar trend in the last bull market with Dogecoin. This experienced its first hype in the 2017 bull market but was again able to record extremely strong price gains within a short period of time in 2021. This makes a positive Shiba Inu forecast for 2025 likely.

SHIBA INU Price Prediction 2025

We can now do a simple calculation with rough assumptions to see how high the Shiba Inu price can go in 2025. On the one hand, we can assume that the low of the bear market for the Shiba Inu price has already been reached or is at least very close to the current price.

If we adjust the rise of the Shiba Inu coin to the new situation (established coin, second bull market), we can expect the price to rise by a factor of 100 in the next bull market.

If the Shiba Inu price bottomed out at $0.000008 in the bear market and that price could rise by a factor of 100 in the bear market, we would end up with a price of $0.0008 for the Shiba Inu coin . The Shiba Inu prediction for 2025 would be in this range as the cryptocurrency cycle predicts that the peak of the price would be in 2025.

Shiba Inu Forecast 2025: $0.0001 – $0.0008

How much is 1 Billion Shiba Inu worth?

Given the current price of $0.000010 for 1 SHIB, 1 Billion SHIB tokens would be worth around $10,000. Don’t get fooled when someone tells you they own billions and billions in Shiba Inu tokens, they might be worth a couple of thousands.

Can you Mine Shiba Inu Tokens?

Shiba Inu runs on the Ethereum blockchain. Since Ethereum switched from PoW to PoS, mining for it or any other currency running on the Ethereum blockchain is no longer an option. So you can no longer mine Shiba Inu. Shiba Inu can, however, be staked on different exchanges, such as Binance.

How to Buy Shiba Inu on Coinbase?

Shiba Inu currency is available to buy and sell on Coinbase, a reliable exchange. Your SHIB assets will always be under your control. Your SHIB never leaves your account; you only get rewards while keeping your cryptocurrency safe with Coinbase.

Simply buy SHIB on Coinbase or add SHIB tokens from an external wallet to your Coinbase account to start buying and trading right now. Start by creating a Coinbase account right now from this link.

Is an investment in the Shiba Inu Coin worthwhile?

Despite this optimistic forecast, you should keep in mind that Shiba Inu is a highly volatile cryptocurrency and the price can crash very quickly. If you want to invest in the Shiba Inu Coin, you should only invest what you are willing to lose. A diversified portfolio of different cryptocurrencies is also recommended.

Offer from CryptoTicker

Are you looking for a charting tool that doesn’t distract you with community news and noise? Consider having a look at GoCharting! It’s an easy-to-use online charting tool that doesn’t require any downloads or previous charting knowledge.

Click here to get 10% OFF on your first payment (monthly or yearly)

CLICK HERE TO TRADE SHIBA INU AT BITFINEX!

Recommended posts

You might also like

More from Altcoin

Source link

October 22, 2022
Shiba Inu, Tron, Or Snowfall Protocol (SNW): Which Can Get You the Biggest Returns?

The crypto universe changes every day. In such a highly volatile and fast-paced environment, it isn’t easy to select winners with high certainty. It takes a trained eye and an expert mind to see the potential at an early stage and then realize the returns when the potential of a crypto is realized. You can place such a bet on new coins or old coins making a comeback and still realize the biggest returns. Today, we bring three hottest cryptocurrencies on the block – Shiba Inu, Tron, and Snowfall Protocol (SNW). Let’s go!

>>BUY TOKENS<<

Shiba Inu

Those active in the crypto circles know that Shiba Inu is called the “Dogecoin Killer.” Shiba Inu’s nickname is apt because the cryptocurrency has attracted many experienced crypto professionals. Shiba Inu’s decentralized exchange, ShibaSwap, has made it a part of the DeFi system on Ethereum. So, unlike Dogecoin, it allows features like staking, yielding, and swapping tokens.

The meme coin gained popularity from the arguably popular Twitter feed of Elon Musk but also due to many of their inherent benefits. Compared to other cryptocurrencies, Shiba Inu is trading at a low price. Shiba Inu is not immune to volatility, but its lower price has made it a popular token among users. Moreover, SHIB tokens have now become a medium asset, which means that Shiba Inu has delivered on its growth potential and is still going strong. Shiba Inu’s high trading volume of well over $110,000,000 is also an indicator of the coin inching toward a brighter future.

Tron

Tron is the largest operating system in the world based on a blockchain. Tron can support smart contracts and decentralized apps compatible with the Ethereum Virtual Machine (EVM). Tronix or TRX is the cryptocurrency for the accounts on the blockchain.

One of the primary use cases of TRON is using blockchains for sharing content, which makes it increasingly relevant today. Its partnership with Samsung and Opera also adds to Tron’s appeal to its investors.

Tron also offers staking opportunities on crypto exchanges like Kraken giving excellent returns to savvy investors.

Snowfall Protocol (SNW)

Snowfall Protocol (SNW) is another cryptocurrency that has presented itself as an incredibly attractive option for investors. Snowfall Protocol (SNW) aims to link multiple blockchains to create efficient communication. With this, Snowfall Protocol (SNW) plans to solve the issue of bridging. In the process, Snowfall Protocol (SNW) is also building an independent DeFi platform that can be used as a singular platform for all cryptocurrencies.

Besides the primary use case, Snowfall Protocol (SNW) also offers opportunities to generate passive income with staking and yielding. This further adds to the potential of young cryptocurrencies. With every new use case ofSnowfall Protocol (SNW), its consensus algorithm changes. This property of Snowfall Protocol (SNW) lends it not just a high degree of adaptability but also scalability.

Snowfall Protocol (SNW) has generated a lot of interest in the short time it has been around, which is proof that crypto users envision Snowfall Protocol (SNW) to scale in the future but believe in the inherent value of the crypto as well.

Website: https://snowfallprotocol.io

Telegram: https://t.me/snowfallcoin

Presale: https://presale.snowfallprotocol.io

Twitter: https://twitter.com/snowfallcoin

Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

For publishing articles on our website get in touch with us over email or one of the accounts mentioned below.

Latest posts by Guest Author (see all)

Source link

October 22, 2022
its pros, cons, and how it works

With the massive increase of cryptocurrencies today, it is becoming harder and harder for crypto investors to independently keep track of every cryptocurrency on their crypto portfolio and that is where crypto portfolio trackers like CoinStats come in.

CoinStats allows crypto investors to manage their crypto and DeFi portfolio from one place. It eliminates the need to jump from your crypto wallet to your crypto exchange of the DeFi platform to manage your crypto holdings, transactions, and trades.

Here is a comprehensive review of how this platform works including its pros and cons.

How it works

It is no doubt that CoinStats makes it easy to track cryptocurrencies on the market thus making it a great tool for crypto investors, especially those focused on areas of Ethereum and decentralized finance (DeFi). Besides being compatible with several crypto exchanges, it also allows you to sync your MetaMask, Ledger, and any other Ethereum-compatible wallet directly with the tracker.

All you need to start using CoinStats is to register for an account. You can choose to use the free plan which offers many free features although to get the most from the platform, you can choose between CoinStats Pro and CoinStats Premium plans. CoinStats has Android and iOS apps so you don’t have to worry if you don’t have access to a desktop or personal computer; you can access your account via a mobile device.

Once you create your account and sync it with your crypto wallets and crypto exchanges, you can access several tools like transaction analytics, fast trading, and instant notifications. You also get up-to-date news which is a big plus for traders since it gives an outlook of what to expect from the market movements.

CoinStats also has its own crypto wallet called CoinStats wallets that allows to access several decentralized finance (DeFi) features including staking.

CoinStats pricing

CoinStats offers a lot of powerful features for free. However, to unlock additional features, users can choose between the two paid plans: CoinStats Pro and CoinStats Premium.

The CoinStats Pro plan starts at $3.49 per month and allows users to connect up to 10 cryptocurrency exchanges and 10 different crypto wallets. Users are also allowed to track up to 1,000 transactions per month. There is also access to coin insights including propriety reviews and analysis.

CoinStats Premium on the other hand starts at $13.99 per month and allows users to connect an unlimited number of exchanges and wallets. Users can also track up to 100,000 transactions per month. Then, in addition to market insights, users also get personal account managers to help with the crypto portfolio.

There is an additional option called CoinStats Community that allows cryptocurrency trading communities to access special packages of the features included in CoinStats Pro and CoinStats Premium accounts at a discounted rate. This could be a big plus, especially if you want to save some money.

Exchanges supported by CoinStats

CoinStats supports a lesser number of crypto exchanges compared to what its competitors like Blockfolio support. The exchanges that CoinStats currently supports include Binance, Bitfinex, BitMax, BitMEX, Bitso, Bitstamp, Bittrex, CEX.io, Coinbase, FTX (native support), Gemini, HitBTC, Huobi, IDEX, Liquid, Kraken, Kucoin, Poloniex.

CoinStats, however, supports any type of trading especially if it touches on Ethereum or Ethereum-based dApps.

Pros and Cons of CoinStats

Pros

It offers free and paid plans thus allowing you to choose what to use depending on the features you want to use.

It allows any type of crypto trading.

It has mobile apps for both Android and iOS devices which allows users to track their crypto portfolios on the go.

It supports a majority of Ethereum-based tokens and crypto wallets making it a go-to crypto portfolio tracker for those involved with altcoins.

It provides 24-hour cryptocurrency reports which are very useful for daily recaps.

Users can get discounts on paid plans (CoinStats Pro and CoinStats Premium) through the CoinStats Community.

It provides users with unrivalled data and analytics that help them to trade and correct mistakes.

It provides up-to-date alerts allowing traders to capitalize on market trends.

It allows users to stake their crypto assets through the CoinStats wallet and earn staking rewards of up to 20% APY.

Cons

The free plan does not allow access to some key features meaning you have to choose one of the paid plans to access these features.

CoinStats does not support many major BTC wallets.

CoinStats does not support many crypto exchanges compared to its competitors.

Why you should use CoinStats

If you are focused on Ethereum-based altcoins then CoinStats could be a good choice for a portfolio tracker. CoinStats has focused on the Ethereum ecosystem which has set it apart from most of its competitors who have generalized their approach.

You can basically add any Ethereum wallet to your CoinStats account and trade or invest in any ERC-20 token.

CoinStats also does not limit the types of crypto trades or investments thus providing a fair playing ground especially if you want to diversify your crypto investment. You also get some market insights including analysis to help you invest better in crypto.

Final verdict

While CoinStats is not the most popular crypto portfolio tracker, it has made a name for itself within the Ethereum ecosystem making it one of the best portfolio trackers for crypto investors focused on ERC-20 tokens.

Besides the wide variety of features and relatively affordable paid plans, CoinStats have mobile apps that allow users to track their portfolios on the go.Ethereum

Share this article

Categories

Tags

Source link

October 22, 2022
What Are The Biggest Meme Coins In the Cryptocurrency Market – Dogecoin, Shiba Inu, and Big Eyes?

Meme coins like Big Eyes, Dogecoin, and Shiba Inu are gaining huge popularity in the cryptocurrency market. Let’s find out more

Source link

October 22, 2022
Why MetaCryp Could Be Your Best Crypto To Buy Today Alongside Shiba Inu And Fantom | Coinspeaker

MetaCryp (MTCR) is a one-of-a-kind gaming platform that combines the features of GameFi, DeFi, NFTs, and the Metaverse to create a unique gaming experience for users.

Source link

October 22, 2022
Why MetaCryp is the Next Metaverse Coin, You Should Buy Alongside Shiba Inu and Gate Tokens

Metacryp (MTCR) is a Metaverse project that intends to provide users with entertainment solutions based on the blockchain.

Source link

October 22, 2022
Find Here The Sudden Massive Shiba Inu Transaction by Crypto Whale
- Recently, a massive crypto transaction of Shiba Inu was noted by a crypto whale.
- In the transaction, 3,388,119,787,804 SHIB worth about $34 Million got transferred from unknown wallet to unknown wallet.
The most advanced blockchain tracker and analytics system, Whale Alert, a high-net-worth crypto investor transferred a huge amount of meme coin, Shiba Inu (SHIB) in a single transaction.

The data sourced from whale-surveying platform, Whale Alert, the deep-pocketed investor quickly and without warning shifted 3,388,119,787,804 SHIB worth roughly $34 Million from an unknown wallet to another one.

As per the analysis of the blockchain search engine, Etherscan, the sending wallet got totally abandoned as it no longer holds any funds or digital assets. On the other hand, the receiving wallet, which was empty before, now had the Millions of Dollars worth of SHIB that was sent.

Also, Etherscan data, showed the 50th richest Shiba Inu Whale contributed an incredible 125.34 billion SHIB, worth around $1.32 Million, in two separate transactions.

After that, the Whale added 63.60 Billion SHIB, or $673,537, to its wallet, which increased the number of Shiba Inu it owned. Additionally, the seventh-largest Shiba Inu whale surfaced and made a sizable purchase of 131.63 Billion SHIB, or approx. $1.39 Million. And, the famous Shiba Inu Whale now has 15.44 Trillion SHIB (approximately $163.51 Million) in her wallet. The world’s second-largest canine-themed cryptocurrency by market cap dropped below a critical support level, sparking renewed interest in SHIB.

However, following the huge accumulation of Whales, the price of SHIB/USD quickly recovered.

In the continuation, on October 19, Shiba Inu tried to break the significant support level of $0.0000094 on the four-hour chart. Luckily, it got unsuccessful, as two anonymous, wealthy Shiba Inu buyers invested a staggering $2.72 Million in three significant transactions to purchase 256.98 Billion SHIB.

In addition, the meme token, SHIB has seen rise in its use cases, as on October 11, 2022 Coinbase announced its partnership with Google Cloud to accelerate web3 adoption and innovation. This partnership would see Shiba Inu along with ashite of other altcoins that will be accepted by Google Cloud.

SHIB Price Analysis

CoinMarketCap: Shiba Inu to USD Chart

The above graph shows the recent seven days price performance of Shiba Inu. At the time of writing, Shiba Inu is currently trading at $0.000010 USD with a 24-hour trading volume of $166.31 Million USD. Shiba Inu is down 2.83% in the last 24 hours. Its current CoinMarketCap ranking is #15, with a live market cap of $5.36 Billion USD.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing

Latest posts by Andrew Smith (see all)
Source link
October 21, 2022
Tron (TRX) and Shiba Inu (SHIB) Step up Burn Rates

Tron (TRX) and Shiba Inu (SHIB) are changing the narrative of their meme coin status by stepping up their burn rates.

The Tron (TRX) price and Shiba Inu (SHIB) price remain unaffected and we look at whether Tron (TRX) and Shiba Inu (SHIB) will ever recover.

We also look at The Hideaways, which is currently running a 50% off flash sale for a limited time only. This is the cheapest the HDWY token will ever be, so investors are making the most of the reduced price.

Tron (TRX): Project Losing Momentum?

After founder Justin Sun left the project to the community, Tron (TRX) has become nothing more than a joke token.

It was an unfortunate event for holders since the Tron Network is among the first to envision the decentralization of digital content.

Unlike Tron (TRX), team tokens in The Hideaways (HDWY) are locked for a year, while liquidity is kept forever. This prevents the possibility of a rug pull after hitting the crowdfunding target.

Tron (TRX) burned 1.1 billion tokens in May 2022 while producing only 5.2 million. But even a deflationary status could not bring investor confidence back to the project.

Shiba Inu (SHIB) burn rate hits record high again

Shiba Inu (SHIB)’s burn rate rallied nearly 600% in the last 24 hours – 50 million SHIBs were sent to dead wallets over the same period.

On the other hand, this is relatively small compared to its circulating supply of 1 quadrillion, and investors see this as a signal to seek more stable projects like The Hideaways (HDWY).

In its mission to make prices more stable, Shiba Inu (SHIB) has burned 410 trillion since its founding. Analysts say burning events will not discount the fact it has zero real-world usage – prices will always be volatile to the ups and downs of the market.

Flash sale now live at the Hideaways

The Hideaways (HDWY) is becoming more popular than projects like Tron (TRX) and Shiba Inu (SHIB) and the presale is offering the HDWY token at a huge 50% discount. This is the cheapest the HDWY token will ever be, and investors are buying big.

The Hideaways (HDWY) is working on a real project. It plans to introduce decentralization towards real estate investing by selling NFTs that are underpinned with real-life properties.

This means that however volatile the NFT market will be, The Hideaways (HDWY) will always be stable.

The Hideaways (HDWY) still has a low market capitalization and investing in it means you’ll be buying a token at $0.03 that analysts think will be listed on exchanges at close to $1.00. A huge 30x on your investment in 2023.

Don’t miss your chance:
Website | Pre-Sale | Telegram | Twitter

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Source link

October 21, 2022
Cardano, Shiba Inu, and Snowfall Protocol Are About To Skyrocket In Value – They’re Trending Now!
Cardano (ADA), Shiba Inu (SHIB), and Snowfall Protocol (SNW) are about to experience a huge surge in value, according to recent reports. The three cryptocurrencies have been trending upward in recent weeks, and there is no indication that this trend will reverse any time soon. If you’re thinking of investing in any of these coins, now might be the time to do so!

>>BUY TOKENS<<

In this crypto trends market report, we will be discussing:
- Cardano (ADA), is a leading smart contract platform that is scalable, decentralized, and environmentally friendly.
- Shiba Inu (SHIB), is a meme-based cryptocurrency that has seen explosive growth in recent months.
- Snowfall Protocol (SNW), which is a new protocol that promises to make blockchains more interoperable
Cardano (ADA) Is Trending To The Top – Invest Now?

Cardano (ADA) has been one of the top-performing cryptocurrencies in recent months, and it is showing no signs of slowing down. Cardano (ADA) has a strong focus in the regions of Africa and Asia, which is where most of the world’s population resides.

Cardano (ADA) is also working on bringing blockchain technology to the people who need it the most. Cardano (ADA) is a great investment for those who believe in the power of blockchain technology and its ability to change the world.

Shiba Inu (SHIB) Is On The Rise – Should You Invest?

Shiba Inu (SHIB) is a meme-based cryptocurrency that has seen explosive growth in recent months.

Shiba Inu (SHIB) is a great investment for those who are looking for high-risk, high-reward investments. Shiba Inu (SHIB) has the potential to 100x in value in the coming months, making it a very attractive investment opportunity.

Shiba Inu (SHIB) may not have the same use cases as the other cryptocurrencies in this article, but people love investing in this funny coin. If you want to allocate a small portion of your portfolio to this, feel free to do so but just be careful not to over-invest as it can be volatile.

Snowfall Protocol (SNW) Is Bridging At Its Best – Invest Now?

Snowfall Protocol (SNW) is still in its early stages, but it has already increased by more than 80%. Soon, it will increase by another 5000% because of its unique bridging model. It’s enviable that this token will be a 1000x investment. However, you should invest now while the price is still $0.009. Check out the links below to learn more about this opportunity.

The problem Snowfall Protocol (SNW) is solving is major. It’s like an iPhone user could only use apps from the Apple store and an Android user could only use apps from the Google Play store. That’s not very interoperable, right? Snowfall Protocol (SNW) is going to change that by creating a protocol that will allow different blockchains to interact with each other.

This is HUGE because it will increase the adoption of blockchain technology by leaps and bounds. So, make sure to invest in Snowfall Protocol (SNW) while the price is still low!

For more information about Snowfallprotocol.io’s (SNW) Pre-sale

Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfall co in

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
Source link
October 21, 2022
Why did Shiba Inu miss out on this Cryptos’ list?

Prices of top assets from the crypto market hardly fluctuated this week. Bitcoin remained stagnated around the $19k threshold, while Ethereum horizontally oscillated between $1.2k to $1.3k.

Nevertheless, the community kept discussing the odds of a possible recovery against the odds of a prolonged downtrend. In fact, today’s options expiry was also a point of contention. Resultantly, the top-two cryptos, Bitcoin and Ethereum, managed to garner the highest social engagement this week.

Of late, the largest meme-coin—DOGE—had become irrelevant. Over the past few days, however, it did manage to garner social traction, thanks to Musk. On 12 October, the self-proclaimed DogeFather announced that customers could buy his ”Burnt Hair” perfume using Dogecoin. And perhaps that contributed to the refined social sentiment rollover this week too.

Aptos featured fourth on the list. This coin had been trending on social platforms even before its official launch itself. As highlighted in a recent article, the project received a lot of backlash pertaining to its slow TPS processing on social platforms. Alongside, the listings of FUD and the tokenomics controversy were also widely spoken about.

Read More: Is Aptos’ TPS slower than Bitcoin?

Three other cryptos from the top 10—Solana, XRP, and Cardano—managed to feature on the list. While the community was more interested in the investment aspect of Cardano and Solana, the case was a bit different for XRP. NFTs on the XRP Ledger and the developments in the ongoing lawsuit against the SEC were talking points about the sixth-largest crypto.

With fairly high social engagements, Axie Infinity, Velas and Tezos also found a place for themselves in the list.

Shiba Inu misses out

Shiba Inu, surprisingly, did not make the cut. The SHIB Army has always been quite enthusiastic and engaging on social platforms like Twitter. Right from sharing and endorsing updates and releases to discussing burn rates and potential price actions, they’ve mostly been on their feet.

Of late, however, it seems like the community has started feeling things are becoming redundant within the ecosystem. There have, undoubtedly, been regular updates and releases—like the ShibaEternity game—that have been taking place. But, they’ve not essentially aided the asset’s price recovery.

On the other hand, all the main releases—like Shibarium—that the community believed can scale Shiba Inu’s price up sustainably, are being postponed. Perhaps that’s why they losing interest in it.

Alongside the 6% weekly price decline, Shiba Inu-related social mentions and engagements have dropped by 7.7% and 2.8% respectively.

Source: LunarCrush

Source link

October 21, 2022