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.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
