The post Investors Lose Confidence in Memecoins Like SHIB and DOGE in Favor of Pullix – The Ultimate Utility Token appeared first on Coinpedia Fintech News
Recent developments suggest a growing loss of confidence in meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE). The spotlight is now firmly on Pullix (PLX) – the ultimate utility token in Stage 6 of its presale. Some analysts hint that this altcoin may pump by 1,000% in 2024. Keep on reading to discover why.
Shiba Inu Price Drop
Recently, Shiba Inu (SHIB) has experienced a downtrend. According to CoinMarketCap data, the Shiba Inu price has fluctuated between $0.00001044 and $0.000009659 in the past month alone. Its market cap also fell from $6.15B to $5.69B during that time.
The technical analysis for this memecoin also shows mixed signals with 14 technical indicators in the green. However, Shiba Inu is still trading above its 50 and 100-day EMAs with a Fear & Greed index rating of 64 (Greed). Because of this, experts fore
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