Dogecoin Surges & SHIB Shows Positive Outlook While Web3Bay Leads the DeFi E-Commerce Uprising
The post Dogecoin Surges & SHIB Shows Positive Outlook While Web3Bay Leads the DeFi E-Commerce Uprising appeared on BitcoinEthereumNews.com.
The recent surge in Dogecoin value following Donald Trump’s election win has reignited interest in the potential of meme-based cryptocurrencies in today’s unpredictable market. Similarly, the forecast for SHIB suggests potential profitability despite a surge in competition from newer digital currencies. Web3Bay is advancing its initiative to establish a decentralized e-commerce platform that prioritizes community governance. This approach fosters an inclusive marketplace fueled by the platform’s native token, 3BAY, which is now entering the market at $0.003 in its initial presale phase. Presidential Win Boosts DOGE Millionaire Count by 40% The surge in Dogecoin following Donald Trump’s election triumph has been newsworthy, notably increasing the count of DOGE millionaires by 40%. Data from BitInfoCharts, accessed via the Wayback Machine, indicates that the number of millionaire addresses rose from 1,009 in September to 1,417 in early November. The price of Dogecoin jumped from $0.14 to a high of $0.4, propelled by Trump’s victory and backed by Elon Musk’s vocal support, a staunch advocate for DOGE. Musk’s backing, alongside rumored ties to Trump’s administration, has spurred significant investor interest. Market analysts believe this rally reflects a positive outlook on the Republican White House’s stance towards cryptocurrencies. SHIB’s Price Anticipating a Rebound The price forecast for SHIB is catching eyes, with analysts forecasting up to a 60% increase, despite ongoing market fluctuations. October witnessed modest improvements for Shiba Inu, with a rise of about 2.5%, though it faced a 7% decline at the start of November. Presently, Shiba Inu’s market capitalization is recorded at $10.21 billion, marking a 6.33% fall, as per CoinMarketCap. Despite SHIB’s promising price projections, the emergence of new competitors like WallitIQ (WLTQ) introduces elements of unpredictability. Financial experts recommend a balanced optimism, acknowledging that Shiba Inu’s valuation might experience significant swings due to evolving market dynamics and the arrival…
Filed under: News - @ December 13, 2024 10:19 pm