Shiba V Pepe Witnesses Decline as Sellers Exert Downward Pressure
You may have noticed that Shiba V Pepe (SHEPE) experienced a 5% decline recently. This decline was caused by sellers who showed increased resilience and exerted downward pressure on the price. As a result, the price dropped significantly by 28% in a single day, currently worth $0.000000013711 as of 9:39 a.m. EST. In addition, the volume of daily trading decreased by 6.5%, settling at $4 Million. These developments raise questions about future of the SHEPE and whether it can recover from this decline. It is worth keeping in mind that SHEPE is set to be listed on the MEXC and Bitget exchanges on September 8, which could potentially catalyze a sustained positive trend surge in the future.
SHEPE Price Recovers Retracement
Upon analyzing the chart, it is evident that SHEPE’s price has been on an upward trajectory since its introduction to the market and digital currency exchanges. Nonetheless, the price encountered resistance, leading to a market retreat. This retreat prompted the bulls to seek refuge near the lower positive trend trendline. In addition, the price is forming an ascending triangle pattern, indicating the capacity for a positive trend to continue. If the rebound along the lower trendline persists, it is very likely trigger a surge that propels the price beyond its previous peak. The Relative Strength Index (RSI) likewise indicates indications of a rebound, further instilling optimism between the bulls. Monitoring critical levels at $0.00000001595 and $0.00000001790 is critical for probable upward price movements. Nonetheless, if bearish pressure persists, a candlestick close below the positive trend trendline could prompt the bulls to regroup around the $0.00000001092 level of support. As an alternative to SHEPE, you may want to explore Wall Street Memes, which has been garnering considerable attention.
Wall Street Memes Tier 1 Launch Approaching
Wall Street Memes (WSM) is gearing up for its highly anticipated tier-1 launch on September 27, with about two weeks left. The project has already secured an impressive $25 Million in funding, and investors eagerly await probable price surges. The WSM token is as of now priced at $0.0337 per token during the presale phase, making it an attractive entry point for investors. The project has likewise garnered a substantial following of over 1 Million users on social media platforms, generating more than 40 Million monthly impressions. This outlines the whole lot of reach of WSM and its probability for growth in the future.
WSM Staking Strategy Promotes Stability
WSM is implementing a high-yield staking mechanism to encourage stability and promote token staking. This mechanism helps mitigate abrupt sell-offs and probable market downturns. The accumulation of staked tokens forms a whole lot of portion of the circulating supply, demonstrating the community’s embrace of this incentive-driven system. In the latest staking update, the aggregate staked WSM has surged past 212 Million, offering an estimated annual percentage yield (APY) of 94%. Participants are rewarded with 75 bonus per block, and the total supply of WSM tokens is 1.6 billion. Furthermore, WSM has organized a $50,000 airdrop event for active holders engaged with their social media channels. This provides additional incentives for engagement in the WSM community.
Hot Take: Ripple Co- Founder Criticizes SEC Chair Gary Gensler
A prominent figure in the cryptocurrency industry, a co- founder of Ripple, recently criticized the Chair of the Securities and Exchange Commission (SEC), Gary Gensler. The co- founder accused Gensler of being “power-hungry” and “bullying” cryptocurrency corporations, which has had a negative impact on the blockchain industry. This outlines the ongoing tensions between regulators and the cryptocurrency community. In addition, there is speculation that the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) could lead to whole lot of inflows of financial resources into the cryptocurrency market. Several specialists suggest that it would be wise to accumulate Bitcoin (BTC) aggressively in anticipation of this probable development.
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.