After 6% Bounce, Is Shiba Inu’s Sell-Off Done? AI Altcoin Attracts Pepe & Dogwifhat Investors
Popular dog-themed meme coin Shiba Inu (SHIB) was back in the league of top crypto coins after its price rose by 6%. The uptick in its price had analysts wondering if whales were done with their selling spree and they could finally be relieved.
Many crypto pundits believe that it might be too soon to dismiss Shiba Inu’s potential, given its achievements in the past.
On the other hand, other leading meme coins like Pepe Coin (PEPE) and Dogwifhat (WIF) are losing favor to InQubeta (QUBE) because of its recent presale success.
What you'll learn 👉
InQubeta: Preparing AI startups for business excellence
InQubeta is a crypto-first platform where startups can find investors for their projects in exchange for a share in their equity. The Ethereum-based crypto project offers a fundraising service for AI innovation entrepreneurs.
Startups’ pitches are turned into NFTs which crypto users buy using InQubeta’s native cryptocurrency known as the QUBE token.
Every NFT represents a project and has all information about how people can benefit from investing in it.
The token has featured in top analysts’ lists of recommended presales because of its ICO gains, which currently stand at over $13.3 million.
The QUBE token is among the best altcoins to buy now as it can survive the impact of market conditions or volatility and post steady returns.
The credit for its resilience goes to its deflationary character, which reduces the token supply whenever the markets are troubled. The asset’s lower availability pushes its value and thereby its demand.
Pepe Coin announces syrup pool for stakers
The Pepe coin is a meme token that made its mark in the crypto space in mere months. Its native token, PEPE, is inspired by a famous frog-themed character designed by Matt Furie.
The proof-of-stake platform allows token holders to validate the transactions to secure the network and earn rewards.
The token was recently in the news after it announced its ‘syrup pool’ in collaboration with Pancake Swap. Under the program, token holders can stake trading pairs of the PEPE coin and get rewarded with cryptocurrencies.
Dogwifhat becomes the third largest meme coin in terms of market cap
Dogwifhat is among the best crypto investments available in the market today for those interested in exploring the meme coin mania.
The dog-themed coin is used globally for efficient and seamless cross-border payments.
Its native token WIF is used for various transactional purposes. In March, the WIF token hit the headlines after it became the third-largest meme coin in the world, in terms of market cap.
As per Coingecko data, WIF trailed behind only Shiba Inu and Dogecoin.
Shiba Inu burn rate shoots up to 300%
Shiba Inu is a leading meme coin that’s inspired by a Japanese dog breed of the same name. The meme coin’s native token, known as SHIB, is used for settling all transactions on the network.
Two other tokens known as BONE and LEASH are used for governance and rewarding loyal supporters.
The SHIB token price recently witnessed an uptick of 6% which has led analysts to be quite optimistic about its prospects.
The surge in Shiba Inu’s price coincided with a 300% increase in its burn rate on April 9, 2024. The development removed around 100 million SHIB tokens from circulation and has sparked speculation about what might be in store for the token.
Conclusion
Keeping in mind the track record of these coins, it’s tough to decide which is a good crypto to buy between InQubeta, Shiba Inu, Pepe Coin, and Dogwifhat. The four coins have been the frontrunners of the recent market rally and have clocked consistent returns.
Several experts credit the tokens’ success to the milestones they have unlocked in the past month. Shiba Inu’s positive price action coincided with its burn rate soaring to 300%. The development restored crypto users’ faith in the cryptocurrency.
Pepe Coin has expanded its community with its staking program on Pancake Swap, while Dogwifhat became the third largest meme coin globally in terms of market capitalization in March. The developments have enabled the two meme coins to climb up the crypto hierarchy and reach out to more crypto users.
For InQubeta, its biggest strength is its unique model which promotes both AI innovation and financial independence among crypto users. With presale funding that has already crossed $13.3 million, experts claim that the cryptocurrency is set for bigger things in the coming months.
Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
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