The post Investors Flee SHIB, Bet on DigiHorse as Helium Rallies Ahead  appeared on BitcoinEthereumNews.com.

In a notable shift within the cryptocurrency market, investors are retracting their support from Shiba Inu (SHIB) and pivoting towards emerging projects like DigiHorse, coinciding with a significant rally in Helium (HNT).  SHIB has taken a hit in the early morning of Tuesday, August 13 after failing to break through the resistance level and due to decreased demand, whereas Helium is gaining momentum from increased buying pressure.  SHIB Loses Steam Due To Investors Apathy Shiba Inu, once touted as a “Doge-killer” due to its meteoric rise in 2021, has seen a decline in investor enthusiasm amid market volatility and diminishing returns. Analysts suggest that a combination of market saturation, heightened competition among meme coins, and a lack of substantive advancements in the SHIB ecosystem has prompted many investors to reassess their portfolios.  Likewise, the token failed woefully at breaking past the $0.00015 resistance level and reversed to $0.00013. Further decline may occur if the token fails to reignite buyers’ interests.  Helium Slowly Gaining Ground With Rising Investors Optimism  In contrast, Helium, a decentralized wireless network provider, has witnessed a remarkable increase in its token value. Helium’s promise of enabling low-cost connectivity for IoT devices has resonated with investors amid rising demand for smart devices and enhanced connectivity solutions. As the adoption of such technologies accelerates, Helium’s growth trajectory is attracting significant attention, leading to a resurgence in its market performance.  HNT has made over 75% on a seven-day winning streak while there were predictions that it is headed for the $10 mark. Likewise, the trading volume climbed up to $49.39 million signifying 41% margin from previous numbers.  Whether or not this coin will indeed reach $10 is a matter of time and dependent on the level of demand resurgence currently happening.  DigiHorse To The Rescue As a viable alternative to…

---

Filed under: News - @ August 16, 2024 9:19 am