Meme coins are the set of cryptocurrency that have less attention then and one of the reason I think this is because of how worthless memecoins can be, a memecoin can be launch with a price tag of 0.00000012, funny right? now think about this kind of price and the possible interest anyone could gain by trading this kind of coins.
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However the rise of memecoin is just at the very beginning, for the past months memecoins has archieved some milestone. As October 2024 is just in it's first half a new bull market might be around the corner who knows, but this should be in the mind of every trader out there, there are some memecoins that has potential growth and re set to be on the bull.
For the non crypto enthusiast that might be confuse on the some term like “bullish” or bull in cryptocurrency,
“Bull” is the term used in the cryptocurrency space in description of a potential growth of a crypto assets, so therefore a bull run is a period of time where an asset (i.e) crypto, or NFT is in high demand, leading to a surge in prices.
This very simple to understand, it is just like our popular law of demand and supply in economics.
When the demand is higher than the supply the price must definitely increase.
But I want to talk particularly about a coin now the market that has risen to spotlight and probably has the potential of skyrocking.
Shibu_Inu (SHIB)
There are many meme coins in the market with the same potentials but I just want to talk about Shibu Inu today on this post.
This coin has price poised for potential growth in the crypto market and chances are here for any trader who will like to invest in a memecoin to try Shibu_Inu, as at last week the coin was the price was 0.00001514, recent signs shows an increase in price with over 6% percent and almost 18% percent over the past months.
Meanwhile the the price and signals are not static, there all moving upward and downward, the trends looks good and promising which makes me suggest the Shibu inu memecoin as among the next in bull run this year.
However it's advisable to do research on projects and assets before endulging into one, although the crypto market and blockchain is an open bank where everyone and anyone can view transactions, asset prices,
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different goods and services, you probably will not hold any body responsible for your loses, the slightest mistake you make there can cost your entire investment, so extra carefulness is needed to keep things cool and on the right track.
Thanks for reading through my blog
I'm @sylvasticks.
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