Each cryptocurrency has its projected outlook, but there could be some cases whereby one coin may influence the price of another coin, maybe because of a similarity in the sentiment of the holders or some other reason. This article explores why analysts say the prices of Avalanche (AVAX) and Shiba Inu (SHIB) may motivate Cosmic Kittens (CKIT) to rise further.
Avalanche (AVAX) is a highly scalable project, boasting impressive speeds of up to 4,500 transactions per second (TPS). This scalability, alongside the capacity of each subnet to handle 4,500 TPS positions Avalanche (AVAX) favorably, particularly amidst concerns over high gas fees on the Ethereum network. Such innovations could contribute to a surge in Avalanche (AVAX) price in Q3 and Q4 2024.
However, one primary concern regarding Avalanche's (AVAX) price trajectory is its aggressive token vesting schedule. With just 48.02% of the total supply currently circulating, the substantial increase in circulating supply expected by the end of 2024 could exert sell pressure on Avalanche (AVAX) prices. Looking ahead to 2025, while institutional interest in crypto will drive prices higher, Avalanche's (AVAX) vesting schedule may hinder its ability to get significant gains.
Shiba Inu (SHIB) stands out in the crypto space for its token and ecosystem, including tokens like BONE and LEASH, various NFT collections, and decentralized applications (dApps). The broader market's performance, including events like the Bitcoin Halving and meme mania, could influence Shiba Inu's (SHIB) trajectory. Speculative assets like meme coins tend to suffer the most during market downturns.
Nonetheless, the overall outlook for Shiba Inu (SHIB) remains positive, with a price prediction forecasting a high of $0.000048, a possible low of $0.00000920, and an average price of $0.000032 by the end of 2024. Looking further ahead to 2025, excitement within the Shiba Inu (SHIB) community over the layer two scaling solution, Shibarium, could drive its prices higher.
Cosmic Kittens (CKIT) emerged as a pioneering DeFi endeavor to revolutionize meme coins and play-to-earn (P2E) gaming. It features an intergalactic feline phenomenon that will follow in the footsteps of beloved virtual pet classics like Tamagotchi and Nintendogs.
Cosmo Kittania is a mystical distant galaxy teeming with celestial kittens endowed with otherworldly powers. It will offer an immersive gaming experience filled with excitement. This cosmic adventure draws inspiration from iconic franchises such as Pokemon and Digimon, Cosmic Kittens (CKIT) invites players to nurture their cosmic companions, engage in selective breeding, and unlock new and extraordinary powers.
By selling beloved creations as NFTs to earn CKIT tokens, players unlock cosmic enhancements, super abilities, and stylish decorations, creating personalized sanctuaries where their Cosmic Kittens (CKIT) can unwind and recharge after exhilarating cosmic escapades. Cosmic Kittens (CKIT) also features a reward system that incentivizes long-term dedication.
Its most dedicated token holders will earn exclusive NFTs and Galactic art drops. Cosmic Kittens (CKIT) will capitalize on the growth of the NFT play-to-earn industry, which is poised to grow to a value of $8.9 billion. Market experts say Cosmic Kittens' (CKIT) play-to-earn dynamics, attractive crypto gaming services, and asset ownership features could increase CKIT token value by 600% in its first full year of launching.
Cosmic Kittens (CKIT) has emerged as a potential contender to rival Avalanche (AVAX) and Shiba Inu (SHIB). While both Avalanche (AVAX) and Shiba Inu (SHIB) are established projects, Cosmic Kittens' (CKIT) unique DeFi attributes have boosted its ratings in the eyes of many investors.
Some analysts have declared their preference for CKIT due to its low presale price, currently pegged at $0.0055 per dollar. It will also offer a 20% token bonus to investors, Cosmic Kittens is unveiling 700 NFTs at a presale exclusive price of 0.02 ETH for our presale partners, with the price increasing to 0.04 ETH post-launch. To join other investors to capitalize on this limited opportunity, click the links below.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.