Shiba Inu Price Pumps 15% In 7 Days – Will SHIB Continue To Explode in 2023?
Following the positive reactions to the Shibarium announcement, Shiba Inu (SHIB) continues to pump, adding 26% in the last seven days. The question on everyone's lips though is will this continue to explode in 2023?
This marks a total gain of more than 80% since the start of the year, vastly outperforming its main competitor Dogecoin. The general recovery of the crypto market in 2023 has played a significant role in the Shiba Inu pump, but the upcoming release of Shibarium is what pushed the meme coin over the edge. The confirmation from Shiba Inu's lead developer Shytoshi Kusama that the development of a new layer 2 blockchain is on the track came last week, adding fuel to the Shiba Inu's explosion.
Can Shiba Inu Sustain Its Pump Through Out 2023?The million-dollar question here is whether Shiba Inu can sustain its pump throughout 2023. While the answer is far from clear, many experts doubt it can. The main reason for their skepticism is that the Shiba Inu burn rate remains unchanged, meaning that the current pump isn't creating demand for new buys and attracting investors.
The main reason for the lack of interest is that Shiba Inu remains essentially a meme coin, without a clear utility, at least until Shibarium is launched. That is why coins like Meta Masters Guild (MEMAG), Fight Out (FGHT), RobotEra (TARO), and C+Charge (CCHG) clearly outperform it. The fact that all these coins are in the presale phase with limited time remaining only adds to the sense of urgency as investors scramble to get as many as they can before prices start going up. Here is what you need to know about them.
Mobile gaming is the fastest-growing sector of the gaming industry and Meta Masters Guild offers a new way into tapping into it. The idea is deceptively simple, consisting of a unified Web3 app that will cover all your mobile gaming needs. On top of that, all games within the Meta Masters Guild universe will use a single currency, called MEMAG.
MEMAG offers a convenient way to transfer your funds between various tiles without spending a huge chunk of it on transaction fees. It will also be a currency of choice for rewards in the Pay2Earn system that will allow players to earn some cash while playing.
Currently in presale, MEMAG is enjoying tremendous success, having raised almost $3.6 million in just weeks. The presale is in Stage 6, but only for a few more days before Stage 7 starts and the price jumps.
Fight Out represents a new generation of fitness apps, based on Move2Earn (M2E) mechanics. In essence, it is an app that pays to work out, providing some much-needed motivation to start exercising and maintain a healthy lifestyle.
The app will also provide a handy way of tracking your progress, illustrated by the custom Metaverse avatar that will reflect it. As you meet various goals on your fitness journey, your avatar's stats will improve.
Fight Out plans include opening a chain of gyms across the country, starting in cities with the most active communities. Gyms will represent focal points for all FightOut activities and will regularly host celebrity athletes and other interesting events.
The current roster of Fight Out ambassadors includes MMA fighters Amanda Ribas and Taila Santos, boxer Savannah Marshall, and fitness influencer Tremayne Dortch.
You can get FGHT on the cheap while it is still in presale before it hits the open market and the price explodes. There is also a hefty 50% bonus for all presale purchases that will make it even cheaper.
Metaverse gaming is one of the hottest topics in crypto right now and RobotEra is perfectly positioned to take advantage of that fact. A sandbox P2E game, RobotEra offers you a chance to help rebuild planet Taro, devastated in a brutal civil war. Your avatar in the metaverse is a powerful robot through which you can mine and gather resources, improve your land, and cooperate with other players.
RobotEra provides players with a chance to own a piece of metaverse real estate and treat it like any other investment. As you improve it, its value will grow, potentially creating a very lucrative venture in the long run.
On top of that, various actions can earn you rewards in TARO, the platform's native token. You can use TARO to further improve your holding or simply cash it out. Developers also plan on adding a staking option down the line, offering another income stream.
TARO is on presale and can be snagged on the cheap, but the clock is ticking. Once the presale ends and listings start, TARO will start pumping, driving the price sky-high.
C+Charge offers a unique way of stimulating the adoption and use of electric vehicles (EV) by reducing the charging fees. Almost all current models rely on providing stimulus for car manufacturers and charging station owners, neglecting the car owners and operators. C+Charge plans on addressing that issue by providing a Peer-to-Peer (P2P) payment system based on blockchain technology.
CCHG is the native token of the app that can be used to pay charging fees directly from an electronic wallet provided by the platform free of charge. This will provide some much-needed uniformity in the somewhat chaotic system we have today and speed up the adoption of EVs.
This real-world utility will be the main driving force behind the CCHG pump, once its presale ends and the token gets listed on crypto exchanges. If you hurry up, you can get it on the cheap before that happens at the end of March.
Despite the recent pump, Shiba Inu is still just a meme coin and as such doesn't have any inherent utility. If you are looking for tokens that will provide you with a decent ROI, we would suggest looking at MEMAG, FGHT, TARO, and CCHG, which are all prime candidate for massive pump once their presales end.
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