Is Shiba Inu Price Going to Zero? New Meme Coin Shib 2.0 Explodes on Uniswap, Best Crypto to Buy Now

Shiba Inu (SHIB) is facing challenging market conditions, down over 5% in the last week and 24.5% in the last year. The Shiba Inu price has made lower lows throughout the bear market without establishing any support.

Instead, meme coin liquidity has shifted into newer and more trending coins such as Pepe, 4Chan, and, most recently, 2.0 meme tokens such as Pepe 2.0, Doge 2.0, Safemoon 3.0 and Shib 20.

New meme coin rival $SHIB2.0 is up 26% in the last 24 hours and 14,722% since its launch on 29 June

After launching on 29 June, Shib 2.0 immediately pumped, but the most explosive candle came 20 hours after it launched when the price surged 1,800% in one four-hour window.

Following this, the price has formed an ascending channel, making higher lows and higher highs. However, moves in both directions have been large; this is a factor of low liquidity, significant hype and early investors locking in profits.

The project has amassed a market cap of $2.48 million with 2.14K holders and $164K liquidity.

Shib 2.0’s 24-hour trading volume is approximately $2 million, over the last 24 hours.

Despite a falling volume, interest is still brewing around Shib 2.0, with one buyer recently purchasing 1.2 ETH worth of $SHIB2.0.

The Shib 2.0 coin is the latest rendition of the new meme coin trend of “2.0” versions of popular meme coins. Other popular coins include Doge 2.0 and Pepe 2.0. However, the next coins to pump will likely follow a different path, bringing something new and unique to the meme coin market.

With that in mind, let’s check out two new meme coins that could be next to explode.

Wall Street Memes

Wall Street Memes is a presale meme coin that has caused a stir recently as it approaches the $12 million presale mark. The project is touted as the next coin to explode due to its community of over one million social media followers.

Unlike other meme coins, Wall Street Memes started as an online meme brand in 2021 and has only recently ventured into the meme coin world.

The project is renowned for posting viral crypto and stock-related memes across Twitter and Instagram. It has fostered a community containing notable celebrities and industry figures and has received engagement from Elon Musk.

Wall Street Memes aims for the $WSM coin to “tokenise the movement” regarding building communities to fight back against traditional finance. The project seeks to empower everyday investors to “get rich off meme coins”.

On top of its own community, the Wall Street Memes project is teaming up with numerous ambassadors to help expand its reach. So far, the team has onboarded Twitter influencer Crypto Jamie and popular crypto TikToker Aaron Cryptonoob.

In celebration of the presale, Wall Street Memes is running a $50K airdrop. The community can enter up to seven times by completing simple tasks like following Wall Street Memes on Twitter.

Visit the Wall Street Memes Presale

Thug Life

Another project gearing up to explode is Thug Life – a brand-new presale meme coin expected to sell out quickly. This is because the presale has a hard cap of $2,058,000 and has raised almost $250K despite only launching just a few days ago.

According to the website, Thug Life is “a movement fueled by humour, brotherhood, and the struggle of hustlin’ in this crypto game”. Essentially, the project is a home for meme coin degens looking to recover their past losses by turning “screw-ups into profits”.

Like most meme coins, Thug Life does not aim to offer utility; instead, it seeks to build a vibrant and cohesive community. Unlike other presale cryptos, the entire Thug Life presale will be carried out at one price of $0.0007.

Usually, presales are carried out in rounds, with earlier investors getting lower prices. However, Thug Life aims to generate long-term sustainability for the project, as there will be no dumping immediately after its exchange launch.

While it is not confirmed, there are whispers that Snoop Dogg may be a part of the project. As well as being featured on the website, the Thug Life Twitter has also tagged the hip-hop artist in a post.

The main reason for these rumours is that Snoop Dogg has partnered with NFT and metaverse projects in the past. Therefore, it would be no surprise if he teamed up with Thug Life, considering the current popularity of meme coins.

Visit the Thug Life Presale