Memecoins have been around for the longest time, giving investors speculative thrills but zero utility. However, with the crypto sector entering its maturation phase and nearing mass adoption, only projects having real-world utility will amass growth and momentum.
Among the thousands of memecoins floating in the market, Shiba Inu still commands trust and a dedicated community. Catching the spotlight are also projects like Avalon X (AVLX), a thriving real-estate tokenization project with a utility-driven approach to bringing real estate amenities on-chain. Let’s figure out how these two projects have performed so far, and what the future entails for them.
Shiba Inu News: Can SHIB’s Token Burns Drive Price Recovery?
Shiba Inu is a parody of a parody token. Also called the Doge Killer, Shiba Inu was inspired by DogeCoin, which was itself a parody of Bitcoin. Over the years, Shiba Inu has grown a loyal and dedicated community, and its ecosystem comprises its own exchange, NFT marketplace, payment gateway, etc. It also has its own layer-2 blockchain, Shibarium.
Lately, the SHIB team has been facilitating massive token burns to improve the scarcity of the token and develop a more favorable image among the community and investors. After the March burn, the team burned over 6.3 million SHIB in July. The burn rate was 3401% more than the previous burn. The bold move is being perceived as a value booster for SHIB tokens.
As a result, SHIB open interest grew to $295 million in July, representing a 20% increase. The OI shows bullish speculation and community-led dedication, which can work in favour of the SHIB price improving in the long term.
On-chain activity and the number of user addresses also rose in July, but August saw SHIB prices slumping, and the memecoin hasn’t been able to recover yet. Altogether, the impact of burn rate, investor interest, and on-chain activity is a complex mix, and we cannot be sure of an impending Shiba Inu rally in the coming months.
What Makes Avalon X’s Presale So Successful?
Avalon is a real estate tokenization project that has configured a unique take on the $380 trillion opportunity lying dormant in the real estate sector.
Avalon is a flagship RWA project of Grupo Avalon, a leading real estate developer in the Dominican Republic. The developer has a project value of $548 million in the Dominican Republic, and $1 billion worth of projects are in the pipeline currently.
Instead of going the ‘RWA way’ and selling stake or ownership via tokens, Avalon is using its native token, AVLX, to unlock tiered benefits and access to Avalon’s existing properties for the holders.
AVLX has been intentionally designed as a utility token serving transactional needs of the Avalon ecosystem, and supporting tiered benefits for the users.
There are also two giveaways being conducted right now. Early investors investing during the presale have a chance to win $1 million in tokens. The minimum threshold requirement is a $100 investment. Presale buyers can also get an Eco Valley townhouse as part of the second giveaway, the minimum requirement for which is a $250 investment.
The presale is currently in Stage 1 of its presale with a token price of $0.005. AVLX has robust tokenomics with a 7% burn in place to keep AVLX prices rising. Also, buyers can stake their AVLX tokens during the presale and win staking yields.
Once the platform is live, Users can spend their AVLX tokens to avail discounts while booking any Avalon property, get priority concierge services, or get perks during their stays. The project is receiving applause for its unique yet practical approach to tokenization in Phase 1 of its roadmap.
Which Project Offers Better Investment Potential?
SHIb is slowing down, but that doesn’t mean the veteran memecoin is losing its sheen. The project has built several on-chain utilities within the Shiba Inu ecosystem. However, projects like Avalon, solving real-world problems and presenting fresh perspectives on exploring off-chain utility via on-chain means, are better positioned to drive the crypto market momentum in the coming years.
Join the Community
Website: https://avalonx.io
$1M Giveaway: https://avalonx.io/giveaway
Telegram: https://t.me/avlxofficial
X: https://x.com/AvalonXOfficial
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. Times Tabloid is not responsible for any financial losses.
