Shibarium Launch in August: Price Implications for Shiba Inu (SHIB), Pepe (PEPE), and SPCT
Both Pepe (PEPE) and Shiba Inu (SHIB) have established themselves as noteworthy meme coins, but the two are now showing different price trends. Shiba Inu (SHIB) is looking up as its upgrade to Shibarium, a Layer 2 blockchain solution, is officially confirmed. Meanwhile, increased volatility in the cryptocurrency market is negatively affecting Pepe (PEPE).
Fortunately, investment choices abound as new players enter the crypto market, such as the highly anticipated VC Spectra (SPCT). Currently in Stage 1 of its public presale, VC Spectra (SPCT) uses sophisticated security mechanisms to safeguard investors’ funds.
Will the Shibarium Launch Drive up the Shiba Inu (SHIB) Price?
The Shibarium launch has sparked considerable enthusiasm and anticipation among the Shiba Inu (SHIB) community. According to analysts, the launch could significantly influence the price of Shiba Inu (SHIB). Regardless of the current bearish sentiment surrounding Shiba Inu (SHIB), a bullish move for the dog meme coin is on the horizon.
In the previous week, there were 14 Shiba Inu (SHIB) whale transfers; these surpassed $1 million in total and marked the largest amounts seen within the past three months. The whale transactions are an indication of positive signals. Subsequently, Shiba Inu’s (SHIB) unique token circulation hit a three-week high.
The potential utility provided by the Shibarium protocol could be the primary factor generating demand for the Shiba Inu (SHIB) token. The current Shiba Inu (SHIB) trading price is $0.000007552. Long-term predictions for the meme coin are bullish, with the price anticipated to eventually hit its goal of $0.0001.
While things are looking up for Shiba Inu, the same can’t be said about Pepe (PEPE).
Pepe (PEPE) Is on a Decline
Just 17 days after its launch on April 16, 2023, Pepe (PEPE) showcased an impressive increase of 7000%. Furthermore, Pepe (PEPE) attempted to kick off another bull run on June 26, 2023, with eight TA indicators suggesting a potential increase. However, the positive performance was short-lived, as Pepe (PEPE) has experienced a significant decline in the past few weeks.
The bearish outlook can be attributed to the heightened volatility of the broader cryptocurrency market. Not only that, Pepe (PEPE) was delisted as a borrowable asset by Binance. Sure enough, Pepe’s (PEPE) price has decreased by 0.55% over the past 24 hours; it is currently trading at $0.000001506.
According to analysts, Pepe (PEPE) is likely to decline further and could reach $0.000001255 by the end of July 2023. Moreover, based on the analysis of 13 indicators, the sentiment towards the Pepe (PEPE) token is predominantly bearish.
VC Spectra (SPCT) Looks Set for Better Returns
Shiba Inu (SHIB) and Pepe (PEPE) are trying to catch up, but they are unlikely to beat VC Spectra’s (SPCT) colossal potential and real-world utility.
VC Spectra (SPCT), a decentralized hedge fund, is a new entrant in the cryptocurrency market. The platform leverages systematic and algorithmic trading strategies for extensive market sentiment analysis. VC Spectra (SPCT) investors gain exclusive access to pre-ICOs and early-stage blockchain ventures. VC Spectra (SPCT) also grants voting rights to its investors, enabling them to shape the platform’s trajectory.
VC Spectra’s native token, SPCT, is built on the Bitcoin blockchain to enhance functionality and security. Crafted as a BRC-20 standard token, SPCT is deflationary with a burn mechanism that gradually reduces token circulation.
VC Spectra (SPCT) is trading at $0.008 in Stage 1 of the public presale, and over 82% of the 125,000,000 SPCT Stage 1 tokens have already been sold. The price will jump to $0.11 in Stage 2, with an anticipated 37.55% ROI. Furthermore, the price is poised to surge to $0.08 when SPCT goes live on exchanges, and that will lead to a 10x or 900% ROI for investors.
Learn more about the VC Spectra presale here:
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