Check out the latest news on Shiba Inu (SHIB), Dogecoin (DOGE) and Scorpion Casino (SCORP).
The cryptocurrency industry is buzzing with developments that have caught the attention of investors and enthusiasts alike. This article dives into the latest updates on Shiba Inu (SHIB) and Dogecoin (DOGE), as well as the exciting new presale of Scorpion Casino ($SCORP), which has quickly become a sensation among investors. Join us as we explore these compelling crypto narratives and their impact on the market.
Scorpion Casino has cemented itself as the new exciting project in the presales that has caught the eye of investors. Enough so that they’ve smashed past $3.6m in sales and gotten people hooked. Arguably, their staking scheme is significantly responsible for this in allowing investors to earn up to 10,000 USDT daily.
Scorpion Casino could reshape the crypto landscape in due time. They’ve already obtained a listing on BitMart and received endorsements from influencers and YouTubers within the crypto space. This is some feat for a project still in its embryonic stages.
To further incentivise people, they’ve spiced up their presale with a promotional deal where the bonus code “SC20” will result in an extra 20% intake of $SCORP.
Dogecoin (DOGE) and Shiba Inu (SHIB), with market caps of $11.4 billion and $5.3 billion respectively, have mirrored each other’s market movements closely since SHIB’s launch, including a simultaneous 17% drop in value by January 26, 2024. However, Dogecoin miners, key players in the crypto ecosystem, may be setting the stage for a divergence from SHIB in February. Their potential increase in selling freshly mined DOGE could signal a bearish turn for the coin.
This move, by increasing supply and potentially outpacing demand, might depress DOGE’s price further. Such a scenario presents an opportunity for SHIB to outperform Dogecoin, especially if DOGE’s price faces downward pressure from these actions.
Even though DOGE has been going through a bit of a rough patch with some serious bearish moves in the past month, there’s a chance it might take a deeper plunge in the next few weeks, especially if those miners keep selling heavily.
There is a key support line at $0.07 that the bears need to break to really own the stage. It’s like a make-or-break situation. And if that happens, we might be looking at a retest of $0.06.
Now, let’s peek into IntoTheBlock’s Global In/Out of the Money (GIOM) data. It’s like a secret code that tells us about current DOGE holders and how they got in. There’s this big group of holders – 528,180 addresses holding 45.6 billion DOGE – and they got in at an average price of $0.071. These holders could be pivotal in turning the momentum against bears, but only if they begin buying big to defend their positions.
While Shiba Inu (SHIB) and Dogecoin (DOGE) navigate through their market dynamics, with DOGE potentially facing further challenges and SHIB poised to potentially outshine its meme coin counterpart, Scorpion Casino ($SCORP) emerges as an increasingly appealing investment. The project’s remarkable achievement of surpassing $3.6 million in sales, combined with the promise of daily staking rewards up to 10,000 USDT and the enticing 20% bonus offer using the code “SC20”, positions Scorpion Casino as a standout in the crypto presale space.
Join The Scorpion Casino Presale While You Still Can!
Presale: https://presale.scorpion.casino/
Twitter: https://twitter.com/ScorpionCasino
Telegram: https://t.me/scorpioncasino_official
The guest posts featured on Coinpedia are contributed by external authors and reflect their personal opinions and viewpoints. Coinpedia does not endorse, verify, or take responsibility for the accuracy, legality, or reliability of the content, advice, or opinions expressed in these guest posts. Including guest posts does not imply Coinpedia's approval of the content or the author’s views. Readers are encouraged to independently evaluate the information and seek professional advice if necessary before acting on any information provided in the guest posts.
The top two cryptos, Bitcoin and Ethereum, continue to trade below their respective resistance levels,…
Indian crypto traders are increasingly coming under the scanner as the Income Tax Department begins…
The Federal Reserve’s December meeting minutes highlight a steady but moderate U.S. economic growth, with…
Roundhill Investments, a U.S.-based firm known for launching new ETF products, has filed an updated…
Bitwise is making a strong move to broaden crypto ETFs beyond Bitcoin and Ethereum. The…
Bitwise Asset Management filed for 11 new cryptocurrency strategy ETFs with the U.S. SEC on…
