The ongoing downward trend in prices is causing traders to feel unsettled. Market shifts have prompted some Solana and Chainlink holders to diversify their holdings with WW3 Shiba (WW3S), the first SocialFi memecoin. The game’s play-to-earn elements and real-life use cases make it quite popular with investors during its initial coin offering.
This article explores Solana’s current position, Chainlink’s future, and WW3 Shiba’s status as one of the best-performing cryptocurrencies on the market.
Solana’s Bearish Dip
On June 27, the daily volume of USDC stablecoin dropped ninety percent, unexpectedly and significantly. This was yet another blow to Solana. As soon as the anomaly was discovered, suspicions were immediately raised over Solana’s legitimacy. Many people concluded that the volume may have been influenced by wash trading.
It just received a boost as VanEck, an exchange-traded fund issuer, put through a filing to launch a product based on the asset earlier this week, its most significant one in a month. Solana continued to reverse losses as the Solana (SOL) token climbed to 15% in one week since early May.
Currently, Solana is priced at $140 (at the time of writing).
A Strong Upswing For Chainlink
The crypto market has been challenging for Chainlink (LINK) this month. After dropping for several weeks, Chainlink has witnessed a significant revival. A recent turn of events has resulted in it surpassing the support level of around $13.64. Although other such coins are relatively unstable and can suddenly surge higher, the bulls are bullish for the longer term as they hope to be out of this range.
At the time of writing, the price of Chainlink’s integrated token LINK is $13. 7% of the increase in value within the last twenty-four hours, as noted from the above information. During the same timeframe, a rise of 49.9% in trading volume has been observed at Chainlink and the market capitalization of Chainlink has reached $8.
However, as the earlier observation shows, the market still has a sustained bearish outlook. AMBCrypto investigation reveals that despite the optimistic promises, the price fluctuations of Chainlink’s token, LINK, have displayed very few bullish signs over the past twenty-four hours.
WW3 Shiba Is The New Favorite Memecoin
After attracting the attention of individual investors, WW3 Shiba has solidified its position as a top new altcoin to watch in the second half of 2024. Fans of Web3 are swarming to WW3 Shiba in anticipation of SocialFi’s entry into blockchain gaming.
If WW3 Shiba’s practical roadmap is successful, memecoin might quickly rise to the top of the cryptocurrency market. The project has reserved 8% of its total token supply for listing on prominent DEXes and CEXes to facilitate more trading volume and a price boom.
Due to WW3 Shiba’s foundation in Ethereum, investors are also discovering that purchasing WW3S tokens during the presale is more accessible. The presale projection of 580% gains is undoubtedly possible.
Lastly, despite dipping by 11% in the last month, Solana is trying to recover and showing steady signs of growth. Similarly, Chainlink (LINK) is also trying to regain strength.
On the same note, there is a newly launched coin called WW3 Shiba, which, after analyzing the tokenomics and potential of the P2E model, was recommended as one of the best memecoins to buy.
If you would like to find out more information about the presale,
Website: ww3shiba.com
Twitter: https://x.com/WW3SHIBA
Telegram: https://t.me/ww3shiba_portal
