After a brutal market correction, investors expect meme coin cryptocurrencies to lead the recovery phase. Binance (BNB) is showing signs of sustainable reversal, leading investors to speculate that this might be a good time to buy altcoins at huge discounts. On the other hand, shrewd investors are focusing on new but promising altcoins such as WW3 Shiba.
Bitcoin and BNB have been on a rollercoaster ride, but recent trends suggest a shift towards stability and growth. Data suggests that traders are winding down their short positions while spot bids are on the rise. It is too early to tell but meme coin cryptocurrencies are gaining ground, with the meme coin WW3 Shiba gaining traction during its initial coin offering.
Bitcoin, the leading cryptocurrency, has reclaimed its $67K, sparking hopes that a sustainable recovery is on the cards. This Bitcoin price action could be a false flag, something that traders need to watch out for. Recent data revealed that Bitcoin miner reserves fell to their lowest levels in 14 years.
Analysts claim that the recent Bitcoin pullback is a normal part of every bullish cycle. Bitcoin is up 133% in the past year although it is down 7% in the past month. A top expert gave a slightly bullish Bitcoin price prediction, claiming that BTC needs to strongly reclaim $69K to have enough momentum to trade above $70K. However, the risk is that Bitcoin could fall to $54K, a development that could condemn altcoins to further losses.
BNB Chain, a smart contract platform associated with the Binance exchange, announced on June 20 that it had successfully activated the Haber hard fork, which will introduce new improvements to the protocol. The layer-2 costs on the BNB Chain will see a 90% reduction.
The Haber hard fork comes after BNB reached a new all-time high of $720.67 on June 6. BNB is trading at $595.30, 17% down from its all-time high. Experts predict that the Haber hard fork will have a positive impact on BNB’s price, helping it stabilize amid market volatility.
The demand for WW3 Shiba has increased during the first stages of the initial coin offering. WW3 Shiba, the world’s first SocialFi meme coin with interests in blockchain gaming, will build a play-to-earn platform for gamers and crypto enthusiasts.
The investor-centric tokenomics will see WW3 Shiba mint a total of 4.3 billion tokens. WW3S, the native token of the WW3 Shiba ecosystem, will have several utilities. WW3S holders will earn passive income through staking, with up to 90% rewards. WW3 Shiba passed an independent smart contract audit with flying colors.
Investors are rushing to WW3 Shiba because of the potential for 580% presale gains. A top analyst has called WW3 Shiba the best cryptocurrency investment for beginners and experienced investors.
If you would like to find out more information about the presale,
Website: ww3shiba.com
Twitter: https//x.com/WW3SHIBA
Telegram: https://t.me/ww3shiba_portal
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
Singapore, Singapore, 18th September 2024, Chainwire
The blockchain industry is experiencing explosive growth, yet major hurdles like scalability bottlenecks and the…
The cryptocurrency industry is very dynamic and there are newer tokens and new projects that…
As the altcoin season looms, smart money is positioning itself for the next big thing:…
Choosing the right cloud mining platform is crucial to ensure reliability and trustworthiness. Legitimate cloud…
Singapore, Singapore, 18th September 2024, Chainwire