In cryptocurrency, meme coins have gained significant popularity among investors and enthusiasts alike. Often characterised by their vibrant online communities and humorous origins, these coins have become a focal point of attention due to their potential for high returns. This article will examine three prominent meme coins: Shiba Inu, BEASTS Coin (BEASTS), and Kusama. We will explore their potential worth and offer speculative price predictions. Whether you are a meme coin enthusiast or a curious investor, this article aims to shed light on the exciting world of bullish meme coins.
Shiba Inu: The Rising Meme Coin
Shiba Inu has experienced a slight uptick of 1% in the past 24 hours at the time of writing, reaching a value of $0.00001123. This modest increase aligns with the overall movement of the cryptocurrency market, which has seen a corrective upward trend following a period of excessive pessimism earlier this week.
Over the past seven days, SHIB has witnessed a 3% jump in price, although it has faced an 8% decline in value over the past month. However, technical indicators suggest that SHIB is currently oversold and undervalued, providing a potential opportunity for a new rally.
Interestingly, unlike other major coins, SHIB has seen positive growth over the past 12 months, recording a 60% increase, according to CoinCodex. It is worth noting that SHIB is down by 87% from its all-time high of $0.00008616 in October 2021, which is in line with the pullbacks experienced by other prominent cryptocurrencies.
SHIB’s recent downward trend may reverse, with a rise in its strength index from 30 to 45 and a 30-day moving average approaching 200. Recent rallies, such as 58% in February and 64% in August, suggest a potential rally. The global launch of Shiba Eternity and the adoption of the Shibarium layer-two network are expected to contribute to this likely rally.
BEASTS Coin: The Exciting Newcomer
BEASTS Coin has quickly emerged as an exciting newcomer in the meme coin space. It is still in its early stages, but its passionate community and promising roadmap indicate the potential for significant growth. The team behind BEASTS Coin has outlined ambitious plans for the future, including developing additional features and partnerships to expand its reach. BEASTS Coin has the potential to emerge as a formidable contender in the meme coin market.
BEASTS Coin is a unique cryptocurrency project with the potential for exponential growth. Early investors can witness the development of caged beasts as the project raises funds. To enhance community engagement, BEASTS Coin introduces a referral scheme, allowing users to generate personalised codes and invite as many individuals as they want. Referrers receive a 20% commission based on their referrals’ purchases, while referred users receive an extra 20% in BEASTS tokens. This mutually beneficial scenario attracts individuals seeking an immersive experience.
Shiba Inu and BEASTS Coin focus on building a vibrant community through social media competitions, giveaways, and events. However, Shiba Inu lacks a referral scheme, limiting its potential for community-driven expansion compared to BEASTS Coin.
Kusama: The Different Approach
Kusama, a blockchain platform, stands out as a hub of experimentation and development, serving as a counterpart to the Polkadot network. Its primary purpose is to provide a playground for early adopters, developers, and researchers, enabling them to explore and construct innovative blockchain-based technologies and applications. Its rapid and agile development cycle sets Kusama apart, facilitating quick iterations and the seamless deployment of new features and upgrades.
Currently, one unit of Kusama (KSM) holds a value of $23.43 on leading cryptocurrency exchanges. It is possible to exchange one Kusama for 0.00077710 bitcoins. The total market capitalisation of Kusama tokens in U.S. dollars is $201.43 million. This market cap is self-reported and relies on an unverified circulating supply of 8,597,992 KSM tokens.
In conclusion, this comparative analysis explored three bullish meme coins: SHIBA INU, BEASTS Coin, and Kusama. While each coin operates within the cryptocurrency industry, they differ in their origins, tokenomics, and overall market positioning.
SHIBA INU boasts a strong community and growing adoption, BEASTS Coin impresses its community engagement and real-world utility ambitions, and Kusama offers a unique testing ground for blockchain innovation. The world of meme coins presents exciting opportunities, but making informed decisions based on your own risk tolerance and investment goals is essential.
BEASTS Coin :
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
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