The cryptocurrency world quickly turned from a river into a mountain, leaving investors and currencies alike to scale the harsh environment that was created by the FTX collapse in 2022. Like all mountains, there were peaks and valleys with some greenery and stability, but for the most part, it was overtaken by bearish results. Shiba Inu and Dogecoin constantly found themselves in the bears’ claws, while up-and-coming crypto like SignUp Token provides some relief.
It was not all negative, as there were platforms that had been working on exciting advancements and new features. The crypto winter allowed the coins to display their true strength.
Shiba Inu and Shibarium
Shiba Inu has been showing bearish results since the end of February despite starting the year quite strong. Over the past few weeks, there has constantly been a tussle between Shiba and Litecoin for 13th place. Still, Shibarium could give the coin the advantage to either remain in its current position a while longer or even move up a few spaces.
Shibarium is the much-awaited expansion of the Shiba Inu Universe that will bring about better performance for the coin. It allows the coin to run more efficiently with a higher demand on the system, essentially serving as a scaling system. In addition, Shibarium will introduce a burning mechanism that will significantly influence the coin’s price.
Dogecoin in a Bear Hug
Although Dogecoin was on a rally at the beginning of 2023, it has come to look like a very high-risk play due to the effect that high inflation and interest rates are having on the market. Market analysts speculate that the reason for the bearish condition of the coin is due to its high transaction fees and the high number of traders who hold the coins. This greatly decreases the possibility of the coin’s price climbing.
The coin’s unlimited supply negatively affects its performance on the market and has put downward pressure on the price because it is not affected by demand and supply. There will always be coins, so the price will never rise significantly. Additionally, a long-time supporter of the coin, Elon Musk, has moved his interests into Artificial Intelligence and has limited his verbal support for the coin. This has also negatively affected its performance.
SignUp Token – No Presale, Only Profit
SignUp Token brings a new perspective to crypto investing. Traditional investments focus on having presales so that investors can have exclusive access to tokens before it hits the mass market.
Unlike traditional crypto platforms, SignUp Token has no presale, which means users will not need to have a substantial amount of money to invest in the coin. The platform simply asks the users to sign up using their email addresses and thereafter wait for an email to have exclusive access to the token once it is released into the market. The platform aims to launch at 1 Million subscribers, at which point they will create 1 Million Millionaires.
SignUp Token’s simple investing process, community focus, and dedication to making its users rich display a unique competitive advantage that has not been seen before. This will most likely make it very popular with its users.
Final Thought
The market has not been performing well for the past year, and investors are becoming increasingly anxious about its stability. Investors are holding onto the traditional coins because they believe that these will never surrender to the pressure of the market. However, there are still coins that are advancing in performance and user experience, which is sure to amplify their value and competitive advantage and is sure to make a profit. With this in mind, investors need to make a calculated decision about what they feel is best to put their money in.
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