Shiba Inu (SHIB) has experienced a 4% drop in the past 24 hours, with the price falling to $0.00002358 amidst a broader 2% decline in the crypto market. Over the course of the week, SHIB has decreased by 12% and over the month by 21%, although it has still gained 128% over the past year. Despite the recent downturn, SHIB is expected to continue on an upward trajectory in the long term, making the current selloff a potential opportunity to purchase the coin at a discounted price. Technical indicators suggest that SHIB may be primed for a bounce back soon.
A recent development for Shiba Inu is the raising of $12 million with the TREAT token for the development of a privacy-focused layer-three blockchain. Polygon Ventures and other non-US investors participated in this funding round, showcasing ongoing efforts by SHIB’s developers to plan for future growth and evolution. With its own decentralized exchange (DEX), ShibaSwap, and layer-two network, Shibarium, handling over 400 million transactions, SHIB is more than just a meme token – it has become an ecosystem. These developments suggest that SHIB’s price may see an uptick and could potentially reach $0.000040 by the end of the summer.
While Shiba Inu remains a strong meme coin, there are also other high-potential altcoins in the market that investors may consider diversifying into. One such coin is DICE, the native token of the online crypto casino Mega Dice. With a successful presale that has raised over $500,000, DICE has the potential to experience significant growth once it lists on exchanges. As the payment token for games on Mega Dice’s platform and offering exclusive access to select games and promotions, DICE may see steady price growth over time, particularly as the online casino attracts more users.
The presale for DICE will continue for several weeks, with 35% of the token’s overall supply allocated to the sale. Interested investors can participate in the presale by visiting the Mega Dice website and connecting their crypto wallet. Priced at $0.069 per token, the future price potential for DICE remains uncertain, but its utility and unique features may contribute to its growth. It is important to note that investing in crypto carries a high level of risk, and individuals should exercise caution and conduct thorough research before making any investment decisions in this volatile market.
This content highlights the recent performance of Shiba Inu (SHIB) and its potential for a rebound following a period of decline. The article also discusses the development of the TREAT token and its use in the privacy-focused layer-three blockchain for SHIB. Additionally, it explores the emergence of new altcoins like DICE, the native token of Mega Dice casino, and its potential for growth and utility in the online gambling space. Investors are advised to carefully consider the risks associated with investing in crypto assets and to seek out professional guidance before making any investment decisions.
