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Tag: SHIB

  • Shiba Inu Price Analysis (SHIB)

    Shiba Inu Price Analysis (SHIB)

    Bitcoin Analysis 

    Bitcoin’s price is experiencing its lowest level of volatility since 2012 and bullish traders defended the $19k level for the 41st consecutive day on Monday. Despite holding $19k, when traders settled-up at 12:00 AM UTC, BTC’s price was -$239.8 for the day. 

    We’re starting our price analyses today with the BTC/USD 1W chart below from ft-73. BTC’s price is trading between the 0 fibonacci level [$17,664.04] and the 0.382 fib level [$37,230.34], at the time of writing. 

    Bullish traders need to do more than just stall bearish momentum and they firstly need to regain BTC’s 2017 ATH [$19,891] with a second target of eclipsing the asset’s 200WMA [$23,719]. 

    Above those targets are the typical fib level aims of 0.382, 0.5 [$43,296.39], 0.618 [$49,362.44], 0.786 [$57,998.85] and the 1 fib level [$69,000] on the BITSTAMP chart. 

    From the perspective of bearish traders, they’re looking to again send BTC’s price below the 0 fib level which will mark a fresh 2022 and 12-month low for the asset.

    BTC/USD 1W chart
    BTC/USD 1W chart: the price is trading between the 0 fibonacci level [$17,664.04] and the 0.382 fib level [$37,230.34]

    Traders can see just how low the volatility is on the chart below from Babenski.

    index
    Chart with volatility index

    The Fear and Greed Index is 20 Extreme Fear and is -2 from Monday’s reading of 22 Extreme Fear.

    Fear and Greed
    The Fear and Greed Index is 20 Extreme Fear

    Bitcoin’s Moving Averages: 5-Day [$19,231.25], 20-Day [$19,438.56], 50-Day [$20,069.44], 100-Day [$21,267.31], 200-Day [$29,911.07], Year to Date [$30,612.38].

    BTC’s 24 hour price range is $19,157-$19,601.2 and its 7 day price range is $18,788.33-$19,660.63. Bitcoin’s 52 week price range is $17,611-$69,044. 

    The price of Bitcoin on this date last year was $63,100. 

    The average price of BTC for the last 30 days is $19,335.8 and its -0.2% over the same stretch. 

    Bitcoin’s price [-1.23%] closed its daily candle on Monday worth $19,331.4 and in red figures for the first time in four days. 

    Ethereum Analysis 

    Ether’s price was also sent lower on Monday and ETH finished the day -$20.31.  

    The ETH/USD 1D chart by EdgarTigranyan is the second chart we’re focusing on this Tuesday. ETH’s price is trading between the 100.00% fib level [$1,217.87] and 78.60% [$1,341.25], at the time of writing. 

    If bullish traders can regain the 78.60% fib level their targets are as follows, 65.00% [$1,419.67] 61.80% [$1,438.12], 50.00% [$1,506.15], 38.20% [$1,574.18], 23.60% [$1,658.36], and a full retracement at 0.00% [$1,794.43].

    Bearish Ether traders are conversely trying to continue ETH’s downtrend that began during the week leading up to The Merge. The targets to the downside for bears are the 100.00% fibonacci level followed by the 161.80% fib level [$861.56].

    ETH/USD 1D chart
    ETH/USD 1D chart: the price is trading between the 100.00% fib level [$1,217.87] and 78.60% [$1,341.25]

    Ether’s Moving Averages: 5-Day [$1,308.50], 20-Day [$1,321.38], 50-Day [$1,475.22], 100-Day [$1,444.33], 200-Day [$2,077.12], Year to Date [$2,145.14].

    ETH’s 24 hour price range is $1,324.17-$1,370.6 and its 7 day price range is $1,264.48-$1,370.6. Ether’s 52 week price range is $883.62-$4,878. 

    The price of ETH on this date in 2021 was $4,220.35. 

    The average price of ETH for the last 30 days is $1,316.22 and its +1.73% over the same interval. 

    Ether’s price [-1.49%] closed its daily candle on Monday worth $1,343.88 and in red digits also for the first time in four daily candle closes. 

    Shiba Inu Analysis

    Shiba Inu’s price followed the macro market cap low on Monday and when SHIB’s daily candle was printed it was -$0.0000024.

    The final chart we’re looking at today is the SHIB/USDT 4HR chart below from abanefsobulls. Shib’s price is trading between the 0.236 fib level [$0.000009884] and 0.382 [$0.00001021], at the time of writing. 

    The overhead targets for bullish SHIB traders are 0.382, 0.5 [$0.00001051], and 0.618 [$0.00001081]. 

    Bearish SHIB traders that are still short the asset want to push SHIB’s price below the 0.236 fibonacci level followed by a target of a full retracement back at 0 [$0.00000924]. 

    SHIB/USDT 4HR chart
    SHIB/USDT 4HR chart: the price is trading between the 0.236 fib level [$0.000009884] and 0.382 [$0.00001021]

    Shib’s 24 hour price range is $0.00000984-0.00001019 and its 7 day price range is $0.00000974 / $0.00001045. Shiba Inu’s 52 week price range is $0.00000716-$0.0000884. 

    Shib’s price on this date last year was $0.00003599. 

    The average price of SHIB over the last 30 days is $0.00001068 and its -8.2% over the same duration. 

    Shiba Inu’s price [-2.36%] closed its daily session on Monday worth $0.00000992 and in red digits for the second time over the last three days. 



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  • Shiba Inu Price Prepares for Significant Move Following 23.3M SHIB Burn

    Shiba Inu Price Prepares for Significant Move Following 23.3M SHIB Burn

    Shiba Inu (SHIB) has been called many names — from ‘Doge killer’ to meme token. Nonetheless, with the SHIB supply shrinking, can demand kick price gains in gear?

    On Oct. 25, Shiba Inu’s burn rate spiked by a massive nearly 1800%, according to data from Shibburn.

    Despite the SHIB price moving in a narrow range near the $0.0000100 level, there are signs of a break in volatility. This could lead to more significant moves for the token. 

    Burning SHIB, breaking barriers 

    The SHIB burn rate spiked by over 1,800%, with 23 million tokens burned within 24 hours. The recent burn brought the total number of SHIB tokens burnt to 410 trillion. 

    While burn events aim to decrease the supply, thereby increasing price and demand, it didn’t pan out well for SHIB.

    Data from CoinMarketCap presented that 24-hour volumes for SHIB stood at $111 million, an 8.23% fall over the last day. 

    Additionally, from a social perspective, the weighted sentiment was still negative. Social volumes also oscillated at low levels. 

    Source: Sanbase

    Despite little-to-no retail euphoria and negative weighted sentiment, there is still some hope left for SHIB holders. 

    SHIB price volatility storm incoming?

    The SHIB price has still been trading close to the $0.000010 level, which has acted as a crucial support/resistance during Q2 and Q3 2022.

    The daily RSI was leaning more toward the oversold zone, showing that sellers were dominating the market as trade volumes maintained low levels. 

    SHIB/USDT 1-day chart | Source: TradingView 

    At press time, the SHIB price dropped below the key support level and was trading for $0.000009986. 

    Nonetheless, SHIB’s volatility oscillated close to its all-time low level noting 35% on the charts. With volatility at such low levels and a larger market looking overheated, the Shiba Inu price could potentially break out of the consolidation it has been stuck in. 

    Source: IntoTheBlock

    A look at IntoTheBlock’s In and Out of Money at Price presented that the next crucial level for SHIB is the $0.000010 mark, where 4.67 trillion SHIB is held by around 9.2K addresses. A fall below this level could lead to further losses pushing the SHIB price down to $0.0000090. 

    Source: IntoTheBlock

    In case of a bullish turnover, the SHIB price could potentially see a push to the $0.0000110 mark. 

    For now, healthy demand for SHIB from entities such as ETH whales could support a price push. Interestingly, Shiba Inu was still high up on the ETH whales’ holding list, as shown in data from Whale Stats: 

    Even though ETH whales could support the SHIB price, retail trading momentum and an uptick in volume would be key for Shiba Inu going forward. 

    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.



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  • Big Eyes Coin (BIG), Shiba Inu (SHIB) and Floki Inu (FLOKI) Could Dominate the Meme Coin Market Very Soon

    Big Eyes Coin (BIG), Shiba Inu (SHIB) and Floki Inu (FLOKI) Could Dominate the Meme Coin Market Very Soon

    With Big eyes coin joining the crypto market, it seems very possible that along with Shiba Inu and Floki Inu, it can over take the current market situation

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  • Shiba Inu [SHIB]: Why investors should closely watch the latest burn reaction

    Shiba Inu [SHIB]: Why investors should closely watch the latest burn reaction

    Contrary to its recent trend, Shiba Inu’s [SHIB] burn rate spiked incredibly by 1858% in the last 24 hours. According to Shibburn‘s data, the hike pushed the total SHIB burned within the period to a figure of 45,165,582 SHIB. In doing so, the total SHIB burned since initial supply is now 410.38 trillion.

    Here’s AMBCrypto’s Price Prediction for Shiba Inu for 2022- 2023

    Source: TradingView

    Not the SHIB you used to know

    In unusual fashion, SHIB did not follow the trend of an increased burn rate and decreased volume. According to CoinMarketCap, SHIB’s volume rose by 32.86% within the same period the burn rate increased. With the 24-hour trading volume at $123.72 million, SHIB’s price failed to react positively as it preferred an almost neutral position at $0.000010.

    While the whole outcome might be surprising, there were other unusual events that took place leading up to the present state. A look at the chart showed that SHIB’s accumulation and distribution had surged incredibly high. With the Accumulation and Distribution Line (ADL) at 97.95trillion, it meant that there was high demand for SHIB. In this case, traders were not only buying to hold, but also using the token to trade.

    Despite the neural reaction of the price, it seemed that the ADL had also helped in raising the SHIB support since 21 October. At press time, SHIB was holding its support level at $0.00000994.

    However, there were indications that the support might not be solid enough. This state was revealed by the Directional Movement Index (DMI). Based on the DMI indication, SHIB seemed to be at risk of falling to the bears. 

    This, because of the buyers’ (green) inability to overcome the sellers’ strength (red). Hence, giving the latter an edge over them. In addition, the Average Directional Index (ADX)  was close to hitting strong directional movement. With the ADX at 23.58, a move further north might spell doom for investors looking to make short-term profit.

    Source: TradingView

    What’s with SHIB on-chain?

    On-chain data from Santiment revealed that SHIB had not done much in terms of its one-day circulation. In fact, the decline from 18 October till the time of this writing was a glaring one. The platform revealed that SHIB’s circulation was 532.71 billion, at the time of writing. The circulating state might prove that investors should not take the DMI’s indications lightly.

    It was not also a positive sight, as per the transactions count. Santiment recorded the transaction count to be 133 billion, at press time. As such, SHIB seemed to be losing hold of attracting more investors to its shield. Considering all of this data, SHIB might require an “all-star” increase both on-chain and on-charts to see a significant hike.

    Source: Santiment

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  • Gokhstein buys huge stake in Shiba Inu because no “SHIB killer” will ever beat the real project

    Gokhstein buys huge stake in Shiba Inu because no “SHIB killer” will ever beat the real project

    • David Gokhstein showed he is unwilling to dive into the Shiba Inu competitor THE Protocol, buying huge SHIB coins.
    • THE Protocol emerged from a jibe by Ethereum founder Vitalik Buterin and is gaining traction as a potential SHIB-killer.

    Last week, a tweet by Vitalik Buterin led to the birth and fast growth of THE Protocol, in competition to memecoin Shiba Inu (SHIB). However, some die-hard supporters of SHIB continue to back the crypto without any plans of switching their preferences to THE coin.

    Prominent cryptocurrency influencer and the founder of Gokhshtein Media, David Gokhstein showed he is unwilling to dive into the Shiba Inu competitor. Instead, he doubled down on his support for the memecoin SHIB.

    Expressing his undying support for Shiba Inu (SHIB), Gokhstein said that he would stick to the canine-themed cryptocurrency. Furthermore, he added that he has zero interest in the supposed SHIB killed “THE” coin. “I’m sticking with $SHIB — not interested in $THE at all,” he wrote. But this doesn’t mean that Mr. Gokhstein isn’t interested in any other memecoin in the market. In one of his other tweets, he writes:

    Give me a meme token that has an actual roadmap, use-case and even a working product. I’m looking to throw $1,000 into something right now. Give me the next $SHIB.

    Also, this is not the first time that Gokhstein has been publicly backing the SHIB cryptocurrency. In the past, the memecoin enthusiast has frequently shared his predictions for SHIB on Twitter. Earlier this month, Gokhstein said that Shiba Inu will have a parabolic rally in its next bull run. Before that, he had also expressed regret for not going all in Shiba Inu while investing in the memecoin. “When it came to meme tokens, I should have just [gone]all in on SHIB,” he said.

    Launch of THE Protocol

    Last week, Ethereum founder Vitalik Buterin took a jibe at new crypto projects stating that protocols often use THE to gain traction in the market. He jokingly said that someone should be creating a project named THE Protocol.

    A few days later, an ERC20 protocol THE Protocol (THE) came into existence. Memecoin $THE came into existence by drawing a leaf from the Shiba Inu playbook and many talked about it as the next SHIB-killer.

    THE Protocol also gifted Buterin 100 million THE memcoins or 10 percent of THE coins in circulation. Soon after the creation of THE, its value propelled by 1000 percent the next day. However, it has lost much of its value since then.

    While the launch of THE Protocol as a SHIB-killer managed to stir up some momentary interest in the memecoin, Shiba Inu is holding strong. The Shiba Inu ecosystem has seen some interesting developments in recent times. Recently, Shiba Inu secured a second rank as a Web3 security leaderboard, after Polygon. On the other hand, Canada-based crypto payment gateway, FCFPay allows users to pay for their Netflix and Amazon subscriptions in SHIB crypto.



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  • While Tron (TRX) and Shiba Inu (SHIB) Fall Short, Flasko (FLSK) Gets A Loyal Following – CryptoMode

    While Tron (TRX) and Shiba Inu (SHIB) Fall Short, Flasko (FLSK) Gets A Loyal Following – CryptoMode

    Currently, Shiba Inu (SHIB), as well as Tron (TRX) are two of the top 15 cryptocurrencies. In the last year, they successfully provided investors with remarkable returns. The profitability of these cryptocurrencies is, unfortunately, being significantly negatively impacted by the crypto winter that ravaged 2022 as a whole.

    With these cryptocurrencies and other prominent coins losing their value, investors are on the hunt for new exciting projects poised for success. And crypto experts believe that Flasko is one of them. 

    Tron (TRX) Investors Racing To Be A Part Of Flasko (FLSK)

    Also Read: BlueZilla Launches LUNCHBOX – Decentralized Prediction Platform for $LUNC Burning

    Tron (TRX) combines peer-to-peer (P2P) network technology and blockchain to cut out the intermediaries and let content producers sell their products directly to customers. Apps that are distributed upon this Tron (TRX) network are made by programmers using the Solidity language.

    TRON (TRX) achieved pretty solid gains in the last few weeks. However, it has since given up a portion of those advances. An evident benefit of Tron (TRX) is the freedom to produce and share information without worrying about transaction costs.

    Tron (TRX) currently sits at $0.06218, a far cry from its all-time high of $0.207137. This dramatic fall has made Tron (TRX) investors flee the project in search of more substantial profit. 

    Even Elon Musk Could Not Prevent Shiba Inu (SHIB) From Falling

    A digital coin that encourages camaraderie, Shiba Inu (SHIB), was created as a test within the Shiba Inu Network. Shiba Inu (SHIB) and Dogecoin (DOGE) are examples of meme coins, which are tokens tied to specific themes but frequently introduced as jokes or parodies rather than as good coins.

    Elon Musk, the inventor of Tesla, once posted that he wanted to have a Shiba puppy. This tweet fueled the cryptocurrency market and caused the Shiba Inu (SHIB) value to increase by 200%. Nevertheless, this did not prevent the bear market from crippling Shiba Inu (SHIB). 

    Shiba Inu (SHIB) is worth $0.000009918, and Shiba Inu (SHIB) investors are losing hope for the token. 

    Flasko (FLSK) Enters Stage Two Of Presale 

    Flasko hopes to be the first alternative-investment platform to combine the world of cryptocurrency with the trillion-dollar wine, whiskey, and champagne industry. It will allow users to purchase NFTs supported by the real-world assets of bottles and casks of premium spirits, which are kept in secure locations worldwide. 

    Early investors can earn many benefits and rewards, from having access to 75 exclusive NFTs to entry into various wine and champagne-tasting events partnered with Flasko.

    Regarding security, the minds behind Flasko have announced many positives. Solid Proof, the best German auditing firm, has completed the audit of Flasko, and it has passed with flying colors. Another plus is the locking of team tokens in the first two years while also locking liquidity for 33 years. 

    Flasko is currently worth only $0.065, and crypto experts believe it may reach $4 by mid-2023. The presale is on, and it has reached stage two, do not miss out on this fantastic opportunity to yield profit. Follow Flasko on the links below: 

    Website: https://flasko.io

    Presale: https://presale.flasko.io

    Telegram: https://t.me/flaskoio

    Twitter: https://twitter.com/flasko_io

    Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff. 

    CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio.
    Contact us if you have any questions: [email protected]
    None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. No reviews should be taken at face value, always conduct your research before making financial commitments.



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  • Shiba Inu (SHIB) and Cardano (ADA) Staring at Bottomless Pit After Snowfall Protocol (SNW) Debut? – CryptoMode

    Shiba Inu (SHIB) and Cardano (ADA) Staring at Bottomless Pit After Snowfall Protocol (SNW) Debut? – CryptoMode

    The crypto market is rife with speculations. That’s true. However, coincidences are a rare thing. Every rumor and every development triggers frantic buying and selling of assets. So, when one token loses and the other gains, there’s a good chance that the behaviors are closely related. Such conjectures get validated with more evidence of tangled behavior. Consider the case of Snowfall Protocol (SNW), Shiba Inu (SHIB), and Cardano (ADA). Snowfall Protocol (SNW) has consistently claimed new highs with each passing week since its launch. And coinciding with this launch, Shiba Inu (SHIB) and Cardano (ADA) appear to be seeking a bottomless pit.

    >>BUY TOKENS<<

    Shiba Inu’s Unstoppable Slump

    On a micro level, things are going great for Shiba Inu. Shiba Inu’s card game, Shiba Eternity hit a new milestone in customer rating as it reached 5 stars from its previous 4.9 stars. Additionally, Shiba Inu will soon be accepted by Google Cloud as payment for its cloud services. None of these developments have managed to turn what increasingly looks like a nosedive in Shiba Inu’s price. Why?

    Also Read: BlueZilla Launches LUNCHBOX – Decentralized Prediction Platform for $LUNC Burning

    The answer to this question can be found in a newcomer to the De-Fi industry, Snowfall Protocol (SNW). Snowfall Protocol (SNW) is a cross-chain bridge that connects several cryptos, NFT platforms, NFT marketplaces, and other blockchains. Unlike other cross-chain bridges in the market, Snowfall Protocol (SNW) is connecting new cryptos and NFT platforms to its bridge at an accelerated pace. This does not bode well for Shiba Inu, which is a meme coin, and a copycat of Dogecoin, another meme coin. Users and developers can quickly drop Shiba Inu in favor of dozens of other copycats that offer precisely the same features as Shiba Inu and more – faster transactions, lower fees, more security, and so on.

    Snowfall Protocol’s (SNW) arrival has triggered a migration of users from Shiba Inu, and no good news appears to stop it.

    Cardano’s (ADA) Burgeoning Weakness

    Cardano (ADA) has attracted thousands of developers to its platform in recent weeks. However, the claims by Cardano’s founders regarding its adoption remain questionable. A few months ago, Cardano had a total value locked (TVL) of a mere $63, which is abysmal for a $12 billion market cap cryptocurrency. That proves that most of Cardano’s users are small-time retail investors. Cardano has received no love from institutions and developers.

    Unlike larger coins like Ethereum, Cardano does not have a sizeable thriving ecosystem of developers. On the other hand, it does not offer hard-to-replace utility to any niche groups on Metaverse. So, Cardano is neither here nor there. Against this background came Snowfall Protocol (SNW). Snowfall Protocol (SNW) makes it possible for users to buy NFTs on Cardano and use them on Decentraland or Sandbox, or any of the numbers NFT-supporting platforms really.

    WithSnowfall Protocol (SNW), users can buy cryptos or NFTs on one platform and hold or use them on another. So, why should developers or users stick to any one platform? NFT developers can benefit greatly from moving to a platform that costs them the least in transaction fees and development. Or, they can move to platforms where their users actually use their NFTs – any of the game-Fi platforms.

    Snowfall Protocol (SNW) is challenging the dominance of cryptos like Cardano by making even the latter’s smallest competitors their biggest challenges.

    Website: https://snowfallprotocol.io

    Telegram: https://t.me/snowfallcoin

    Presale: https://presale.snowfallprotocol.io

    Twitter: https://twitter.com/snowfallcoin

    Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff. 

    CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio.
    Contact us if you have any questions: [email protected]
    None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. No reviews should be taken at face value, always conduct your research before making financial commitments.



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  • Analysts Predict Flasko (FLSK) Will Rise Faster Than Shiba Inu (SHIB) and Dogecoin (DOGE)

    Analysts Predict Flasko (FLSK) Will Rise Faster Than Shiba Inu (SHIB) and Dogecoin (DOGE)

    we’re looking at Flasko, a one-of-a-kind cryptocurrency, and why it may rise quicker than Shiba Inu and Dogecoin.

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  • Two levels to accumulate SHIB for maximum returns

    Two levels to accumulate SHIB for maximum returns

    • Shiba Inu price has been stuck below a declining trend line since August 25 and is having trouble forming a base.
    • A sweep of the equal lows at $0.0000092 or a retest of the FVG at $0.0000083 will be two significant places to accumulate SHIB.
    • A daily candlestick close below $0.0000077 will break the bullish market structure and invalidate the optimistic outlook. 

    Shiba Inu price remains bearish with no clear signs of a bullish attempt to recover. Moreover, the inefficiencies hint at a further move down south, bringing more pain to SHIB holders. 

    Shiba Inu price needs another haircut

    Shiba Inu price set up the second swing high at $0.0000179 on August 14, creating an equal high. Since then, SHIB has produced lower highs and lower lows, indicating the persistence of a clear bearish trend.

    The dog-themed cryptocurrency is currently hovering above the $0.0000092 support level and the equal lows at $0.0000090. A slight spike in selling pressure coupled with a bearish Bitcoin outlook could send Shiba Inu price spiraling lower.

    A sweep of the sell-stop liquidity below $0.0000090 is a good place to accumulate SHIB tokens at a discount. However, investors should note that a further descent to fill the inefficiency at $0.0000083 is also possible.

    Hence, these two areas are points of interest for investors looking to play the meme coin rally. Market participants should note that the liquidity resting above the equal highs at $0.0000179 is a good reason for Shiba Inu price to rally towards.

    This move will allow market markers to collect the buy-stop liquidity resting above this. Hence, this trade is a long-term swing position and is unlikely to manifest in a few days.

    SHIB/USDT 4-hour chart

    SHIB/USDT 4-hour chart

    On the other hand, if Shiba Inu price fails to bounce at $0.0000090 and $0.0000083, it will retest the $0.0000077 support floor.

    If buyers fail to step up here and allow sellers to produce a daily candlestick close below it, the bullish thesis will face invalidation. In such a case, SHIB could continue its descent and retest the $0.0000060 level. 

     

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  • Will Flasko (FLSK) be the Shiba Inu (SHIB) and Solana (SOL) of the Next Bull Run? – CryptoMode

    Will Flasko (FLSK) be the Shiba Inu (SHIB) and Solana (SOL) of the Next Bull Run? – CryptoMode

    Each bull run has new shiny projects that steal the show. The 2020 – 2021 bull run had several cryptocurrencies that increased significantly in value.

    Shiba Inu (SHIB) gained a massive 46,000,000% in 2021. Although it is just a meme coin, it outperformed several cryptocurrencies by a mile. Solana (SOL) was another big gainer as its price skyrocketed from under $1 in 2020 to a high of $258 in 2021.

    The hunt for the next crypto gem is on, and Flasko is a new cryptocurrency project that investors should seriously look at.

    Also Read: BlueZilla Launches LUNCHBOX – Decentralized Prediction Platform for $LUNC Burning

    How Shina Inu (SHIB) and Solana (SOL) Succeeded in the Last Bull Run

    Shiba Inu (SHIB) had a roller coaster ride as its market cap soared beyond what many thought possible. Shiba Inu’s token, SHIB, made significant gains that are a cocktail of many factors.

    Shiba Inu (SHIB)’s value rose as several cryptocurrency exchanges listed the SHIB token. This increased Shiba Inu’s community because many people had access to it.

    A strong community is one of the key components that drive the success of a cryptocurrency project. A good example is Chainlink, a leading cryptocurrency that owes much of its success to work done by a community known as the Link Marines.

    The launch of the ShibaSwap decentralized exchange was another key factor that contributed to Shiba Inu’s historic run. The decentralized exchange allowed SHIB holders to stake their tokens and earn passive income. This incentivized holding and, in the long run, romped up SHIB’s demand.

    And Shiba Inu’s biggest secret weapon is its ability to create social media buzz. It is common knowledge that a cryptocurrency can surge significantly if it can create social media hype. Shiba Inu (SHIB) did just that, and crypto investors’ appetite for the meme coin increased.

    Shiba Inu’s success was one-of-a-kind. However, other cryptocurrency projects, such as Solana (SOL), had a great run too.

    Solana (SOL) is a layer 1 blockchain that competes with the likes of Ethereum. Its major selling point was that it was faster, cheaper, and more scalable than Ethereum. In essence, it had great utility and was solving a problem that the blockchain world required. 

    Will Flasko Headline the Next Bull Run?

    No one knows when the next bull run will be, but it is coming. And when it comes, will Flasko be in the headlines?

    Flasko is an alternative investment platform that aims to bring the world of whiskeys, wines, and champagnes to the cryptocurrency sector. Flasko claims to be the first to go this way. This gives Flasko a big headstart. 

    Flasko has great tokenomics, with a significant portion of its total token supply reserved for marketing, partnerships, and exchange listing. 

    If the FLSK token is listed on major exchanges, this could unlock new potential investors. This increases liquidity and, in turn, drives FLSK’s price higher. 

    As it reaches more people, Flasko will likely build a bigger, strong, and more vocal community that would support the project. 

    Flasko seems to have what it takes to be the Shiba Inu (SHIB) or Solana (SOL) of the next bull run. However, what matters more is that investors start buying the FLSK token during the ongoing Flasko presale.

    Website: https://flasko.io

    Presale: https://presale.flasko.io

    Telegram: https://t.me/flaskoio

    Twitter: https://twitter.com/flasko_io

    Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff. 

    CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio.
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