The post Shiba Inu and Solana Drop Over 20% From The 1st Of February As New Upcoming Meme Coin Could Take Centre Stage This Year appeared on BitcoinEthereumNews.com.

The ongoing crypto sell-off has seen most tokens bleed out their profits and value. Top altcoins like Shiba Inu have lost the profits amassed over the new year, whilst others like Solana face a future full of uncertainty. New crypto projects seem likely to be profitable ventures, but one is showing more prospects than the others.  Today, a new token is surfacing, intending to surge to the top 20 cryptos in no time. This new crypto is pushing the boundaries of social-FI and AI and traders and investors are already queuing up to jump on its many benefits.  Shiba Inu Price Plummets 32% to a Five-month Low  Monday, February 2nd, recorded Shiba Inu’s lowest coin price since five months ago in September 2024, when it plunged by 32%. SHIB has yet to green up the candlesticks and there’s a lot of anxiety over its next rally, but investors are already actively scouting for new high-profit projects on the market. Shiba Inu’s recent mishap has been linked to the broader market instability following the trade wars fueled by United States President Donald Trump on Canada, Mexico and China. The consequent crypto sell-off has now triggered a larger anti-risk sentiment, with investors offloading speculative assets and low-liquidity altcoins like DOGE and SHIB, sparking a capital shift from volatile investments to stabler assets. According to CoinMarketCap, the Shiba Inu price has dropped by 11.69% in the past week and 31.98% over the past month. Market Sell-off Eclipse Solana $258 Billion Record High  Earlier in January, the Solana network capped a record $258 billion milestone but sentiments took a different turn when the Solana price retreated sharply last Sunday when it dropped to $210, down by almost 30% from its highest rally so far this year.  Like SHIB, the ongoing sell-off in the crypto…

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Filed under: News - @ February 8, 2025 5:22 pm