SPONSORED POST*
The cryptocurrency market keeps seasoned and beginner cryptocurrency investors on edge. Shiba Inu ($SHIB), the meme-based token that took the crypto world by storm, is no exception. Over the last month, $SHIB has experienced a 3% setback, mirroring the broader cryptocurrency market’s decline during the same period. As of now, $SHIB is ranging around the $0.000008 level.
What makes Shiba Inu’s current trajectory particularly intriguing is its subdued performance throughout the year. While most leading cryptocurrencies have charted upward paths, $SHIB has constantly declined since the start of the year. This divergence has led many to wonder if $SHIB shows potential for the future.
The recent bearish trend gripping $SHIB can be attributed to a specific setback—Shibarium’s Layer 2 protocol disruption. The Shiba Inu community eagerly anticipated this milestone, as it promised to enhance the token’s utility and scalability. Unfortunately, the rollout hit a snag, causing frustration among investors.
The initiative encountered a setback when approximately $2 million worth of $ETH was withdrawn, halting its progress. Fortunately, the timeline for $SHIB’s potential recovery largely hinges on the successful relaunch of Shibarium’s Layer 2 protocol. The crypto community is anxiously awaiting the outcome of this relaunch, as it could play a pivotal role in determining the speed and magnitude of $SHIB’s resurgence.
Looking closely at the technical indicators, the relative strength index (RSI) for $SHIB is hovering around 40. This suggests that there is consistent selling pressure, which has led to the token being discounted compared to its current price levels. The 30-day moving average of $SHIB is also below the 200-day moving average. This indicates that $SHIB is undervalued, and a push towards highs may be imminent.
While the challenges are evident, there are signs of resilience within the altcoin market, which includes Shiba Inu. Altcoin support levels have shown strength during recent market declines. This means these tokens have found a bottom and are less likely to experience significant further declines.
Meanwhile, InQubeta ($QUBE) continues to impress analysts and investors with its stellar presale performance. The token’s continuous push towards new highs has earned it praise from experts. They have projected a remarkable 100x rally for $QUBE, and the crypto ICO is already showing signs of delivering.
InQubeta’s ($QUBE) Is A Game-Changer For The Cryptocurrency And AI Sectors
For decades, access to startups has been limited by gatekeepers that keep small investors out of the process. But even beginner cryptocurrency investors can invest in the next great AI startup with InQubeta. Its groundbreaking offerings are revolutionizing crowdfunding and the blockchain sector, igniting high anticipation from investors.
InQubeta plans to mint fractionalized NFTs representing equity in promising early-stage AI companies. Interested investors can buy and trade these NFTs on the InQubeta NFT marketplace with $QUBE. These fractional investments help eliminate gatekeepers by providing $QUBE holders access to the best crypto investments.
The $QUBE token fuels the InQubeta ecosystem, with its holders set to enjoy benefits like governance, staking, and more. The highly positive reaction to InQubeta’s crypto ICO is an excellent indicator of the project’s potential. High demand for $QUBE has helped the project reach a milestone of almost $3 million.
$QUBE has already surged 90% in the fourth stage of its presale, pushing from $0.007 to $0.0133. Analysis shows that $QUBE’s price will increase by over 110% during its presale period, showcasing its appeal among the best crypto investments for massive gains. Market experts expect $QUBE to surge at least a hundredfold in the next few months.
Conclusion
Although Shiba Inu is experiencing downtime in its price performance, there’s still a chance for a price correction soon. In contrast, InQubeta, being a new entrant, is recording incredible demand for the $QUBE token. Its impressive presale performance and experts’ projections of a remarkable 100x rally show the anticipation surrounding InQubeta. Potential investors interested in capitalizing on the presale should take advantage of the 10% bonus that’s currently available.
*This article was paid for Cryptonomist did not write the article or test the platform.
 continues to impress analysts and investors with its stellar presale performance.){kind=link}