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  • Shiba Inus Rebound: Is the Sell-Off Finally Over?

Shiba Inus Rebound: Is the Sell-Off Finally Over?

Shiba Inu (SHIB) Shows Signs of Recovery

Shiba Inu (SHIB) has rebounded from its low point in June, sparking optimism among traders. The recent upward momentum suggests a potential turnaround for SHIB.

  • SHIB has grown by 16% in the past month.
  • SHIB has gained 0.10% from yesterday’s low.
  • Shibarium layer-2 network launch could lead to big rallies for SHIB.

Shiba Inu is currently trading for $0.000007593 USD and has a market cap of $4.48 billion.

Has the Sell-Off Ended Or Not?

SHIB’s relative strength index indicates a solid market, and its 30-day moving average suggests an upcoming rebound. The support level has also steadily risen, strengthening SHIB’s position.

In terms of fundamentals, there is no specific explanation for SHIB’s recent recovery.

DeeLance Airdrop and Project Updates

The DeeLance project has raised over $1.521 million and is currently selling for $0.043. They have launched an airdrop where participants can earn $7 worth of DLANCE tokens by completing tasks. The project aims to provide freelancers and employers with equal security and guarantees.

  • DeeLance offers a platform for freelancers to showcase their work and for employers to interview and hold meetings.
  • Other projects by DeeLance will likely expand the platform’s use cases and increase the utility of DLANCE’s native token.
  • DeeLance is a Web3 project that demonstrates the future potential of Web3 technology.

Hot Take

Shiba Inu’s recent rebound and the potential for big rallies with the launch of the Shibarium network indicate positive momentum for the cryptocurrency. Additionally, the innovative approach of projects like DeeLance in the freelancing market and the utilization of Web3 technology show the ever-evolving nature of the crypto market. Investors should keep an eye on these developments and assess their potential for investment opportunities.

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This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.

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Shiba Inus Rebound: Is the Sell-Off Finally Over?