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With over 200% ROI in the last month, Shiba Inu has been one of the top-performing meme coins in the market, right next to tokens like PEPE and MEMEAI.
The surge slowed down after BTC dropped the $70,000 target, but many investors believe it could pick up where it left off in the upcoming months.
However, it's unlikely that Shiba Inu will bring bigger profits in the 50x-100x range anytime soon.
If that's what you're looking for, a much better option is to focus on presale coins like Dogecoin20 ($DOGE20), Slothana ($SLOTH), and Sponge V2 ($SPONGE).
Let's check out the details.
Over the past month, the value of SHIB has fluctuated between $0.000009 and $0.000044. This variation indicates an upward trend, demonstrating a significant increase of over 200%.
One of the reasons behind the surge was that the Shibarium network witnessed a notable surge in its Total Value Locked (TVL), reaching a high of approximately $2.25 million on March 5th. This milestone underscores the growing interest and investment in this popular meme project.
However, following this record, Shibarium's TVL experienced a decline, dipping below $2 million before stabilizing at around $1.72 million.
Despite this fluctuation, the network's ability to attract such a significant TVL highlights its appeal and strong community backing.
The escalating TVL coincided with increased user engagement, which was seen by the activation of over 1.3 million wallet addresses on the network.
Currently, the resistance level for Shiba Inu Coin is at $0.000032. A breakthrough past this level could drive its value towards $0.00004. If the upward trend maintains momentum, SHIB may reach new peak values.
But new meme coins like $DOGE20, $SLOTH, and $SPONGE could easily outperform it in the following weeks and bring much bigger gains.
Below, we'll see why this is the case.
One of the hottest crypto presales right now is the newly launched Dogecoin20 (DOGE20).
Drawing inspiration from the iconic Shiba Inu-themed tokens like Dogecoin and Shiba Inu, Dogecoin20 aims to set a new standard for meme coins by prioritizing sustainability and innovation.
Unlike typical meme coins, Dogecoin20 is built on the Ethereum network as an ERC-20 token. It allows holders to stake their DOGE20 tokens and earn substantial passive income through high rewards.
According to the whitepaper, early investors in the presale can expect staking yields exceeding 2,000%, with 15% of the total token supply allocated for staking rewards – a sweet deal for those getting in on the ground floor.
Meme coins are currently experiencing a surge in popularity, with tokens like Shiba Inu skyrocketing almost 250% in the past month.
Given the high-profile support from figures like Elon Musk, who's a fan of Doge-themed coins, Dogecoin20 has the potential to explode after the presale. Investors can grab some DOGE20 now at the low price of $0.00014.
While embracing the iconic Doge ethos of "Do Only Good Everywhere," Dogecoin20 offers an eco-friendly alternative to other meme coins and provides lucrative staking opportunities.
It combines the best of both worlds – the fun and appeal of meme coins with a sustainable and innovative approach.
A new Solana-based meme cryptocurrency called Slothana ($SLOTH) has recently hit the market with its presale event.
Instead of a traditional multi-round presale, $SLOTH is taking a unique approach – investors can send $SOL tokens to Slothana's wallet address and receive $SLOTH airdrops in return.
Being built on the Solana blockchain, Slothana may attract more investors due to Solana's high transaction throughput and low transaction costs. This makes it an appealing choice for those looking for a fast and affordable meme coin experience.
The central figure of Slothana is an office sloth who's had enough of the 9-to-5 grind. Now, this sloth is determined to dive headfirst into cryptocurrency trading and amass massive profits.
Slothana takes inspiration from other popular Solana-based projects like $SMERF, which launched in March 2024 and has already reached a market cap of nearly $400 million in just a few weeks.
Since $SLOTH is still available during the presale phase, early investors could potentially earn substantial returns. The goal is for $SLOTH to complete a successful presale and immediately list on major centralized exchanges, following in the footsteps of projects like $SMERF.
$SPONGE V2 is an upgraded version of the popular $SPONGE meme coin, promising to be even better and more valuable than its predecessor. And that's saying something, considering the original token saw a massive 100x explosion after its launch and reached a peak market cap of $100 million.
The $SPONGE V2 sale has some exciting offerings for investors. According to the project's whitepaper, the only way to acquire V2 tokens is by bridging from the original V1 tokens.
Investors who stake and permanently lock their V1 tokens will receive a whopping 4 years' worth of staking rewards in $SPONGE V2 – a substantial payoff for being among the first to make the switch.
But that's not all. For a limited time, $SPONGE is offering a 100% purchase bonus in V2 tokens. This means that if an investor buys $100 worth of $SPONGE, they'll not only lock up $100 in V1 tokens for staking but also receive an additional $100 in V2 tokens right away.
While Shiba Inu is showing potential to continue its profit streak throughout April, the gains it could bring are nowhere near what these new meme coins promise.
Meme coins like $DOGE20, $SLOTH, and $SPONGE could all bring profits in the 100x range as they near listing day.
This is due to a number of factors, including their robust technology, innovative ideas, and strong communities.
And right now, you can capture the low prices before these projects explode!
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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.
