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Shiba Inu Analyst Warns of SHIB Price Drop as Shibarium Adoption Collapses, Points to $0.03 Altcoin for 5000x Gains

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In the cryptoverse, no coin is immune to fluctuating market forces. Shiba Inu hit highs of $0.000036 earlier this year but has been on a decline and is now at $0.000016.

This SHIB price drop is no accident; it’s a symptom of the trouble in its universe. Slowed Shibarium adoption and declining Shibaswap stakes means it’s time to reevaluate. According to a well-known Shiba Inu analyst, this $0.03 altcoin could offer 5000x gains.

In this bearish SHIB environment, RCO Finance (RCOF) is catching the eye of analysts with its growth and revenue trajectory and giving SHIB investors a chance to recover their losses.

The Rise and Fall of Shibarium: What Went Wrong?

Shibarium, the layer-2 scaling solution for Shiba Inu, was launched with much hype and expectation. Designed to solve scalability issues and reduce transaction costs, it was seen as a major step in SHIB’s evolution. But several factors such as technical issues, lack of developer support, limited ecosystem, heavy competition in a saturated market and changing investor sentiment have contributed to this decline.

These issues have caused analysts to worry about the long-term viability of the platform as investors are now looking for projects with strong fundamentals and real-world use.

This drop in Shibarium adoption has put downward pressure on SHIB’s price. Analysts say that without a dramatic turnaround, SHIB holders may see further price depreciation before the end of the year.

Introducing RCO Finance (RCOF): The $0.03 Altcoin with 5000x Gains Potential

As SHIB investors face losses, experts are looking at emerging projects that could offer big gains. A project that’s getting a lot of attention is RCO Finance (RCOF) currently priced at $0.03 per token.

This altcoin could be the lifeline for disappointed Shiba Inu investors as it’s looking to revolutionize the DeFi space with its next-generation platform and unique features.

First is the 100% integration of AI-powered tools. The AI robo-advisor provides personalized investment advice after analyzing historical data, market trends, price fluctuations and your personal preferences. With these insights, it identifies investment opportunities and automatically executes trades on your behalf. This automated trading approach allows investors to make informed decisions and capitalize on market movements while minimizing risk.

The platform offers access to a comprehensive DeFi ecosystem where users can interact with decentralized applications (dApps), decentralized exchanges (DEXs), and lending platforms. You also have numerous opportunities to earn passive income, such as yield farming opportunities and bonuses from liquidity pools.  

With automated market making, the platform utilizes dynamic pricing algorithms to ensure efficient trades. This means the price of your assets is not fixed but adjusted constantly based on supply and demand. 

The platform also offers enhanced security and privacy to its users by employing advanced security protocols to protect user data and assets. A favored feature is the non-KYC policy, which appeals to those who value anonymity in their transactions. A feature not found in traditional financial systems. 

To enhance data safety, SolidProof frequently audits all RCO Finance smart contracts to guarantee that they are safe and promote transparently. 

With its rich features and a token price that’s currently a steal at $0.03, RCO Finance has crypto enthusiasts buzzing. Some analysts are even going out on a limb, predicting a potential moonshot as more users flock to the platform. 

This Is The Best Time To Get In on This Deal

As cryptocurrency trends shift, RCOF finds itself poised for an amazing run. Its innovative features and ambitious roadmap present a new opportunity for smart investors to recoup their SHIB losses. 

Joining the presale offers users an early-stage investment opportunity to get these tokens at a discounted price of $0.034. With a listing price anywhere between $0.40 and $0.60, you are guaranteed to maximize your returns. Participate in the presale now and get a 50% bonus with your purchase. 

For more information about the RCO Finance (RCOF) Presale:

Visit RCO Finance Presale

Join The RCO Finance Community



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Alameda Research Dumping Polygon (POL) Amid Price Spike, What’s Next?

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Alameda Research has sparked concern in the crypto community after transferring large amounts of Polygon (POL) tokens amid a price rally. The beleaguered company transferred another 2 million POL tokens worth $927,000 a few hours ago to a centralized exchange. As Polygon sees upward momentum amid SEC Chair Gary Gensler’s resignation, large transactions are impacting POL’s trajectory.

Alameda Research Large Transfer Spark Concerns

Alameda Research has transferred 2 million Polygon (POL) tokens worth $927K to Binance on November 23, as per Arkham data. This follows a trend of significant movements amid price fluctuations, raising questions about the potential market impact as large transfers signal a sell-off, especially with the token’s recent price surge.

In total, Alameda Research has moved 4.5 million POL tokens over the last four days. The transfers to one of the top crypto exchanges Binance are valued at approximately $1.98 million. This consistent transfer activity, paired with Polygon’s recent price surge, has led to concerns about a possible price correction if whales join the sell-off. Investors contemplate if these moves are part of a strategy to capitalize on POL’s increasing value.

The wallet address associated with Alameda, 0xf02e86d9e0efd57ad034faf52201b79917fe0713, remains active, keeping traders on high alert as they monitor Binance’s order books for any signs of liquidation. Previously, Alameda had a history of large-scale token dumps that have caused substantial market fluctuations.

For instance, Worldcoin saw a price drop after Alameda Research dumped a large amount of its tokens, leading to concerns about a similar outcome for Polygon (POL) following the recent transfers.

POL Price Jumped 35% This Week Amid Gensler’s Resignation

POL token has jumped 35% over the past week following news that SEC Chair Gary Gensler will step down next year. The announcement, made after growing calls for Gensler’s resignation following Donald Trump’s presidential victory, has sparked market optimism for a potential shift toward more crypto-friendly regulations. POL is currently trading at $0.53, up 18% in the past 24 hours, with a 24-hour low and high of $0.4496 and $0.5434.

Polygon has been making strides with its ambitious goal of creating an agglayer focused on cross-chain interoperability and liquidity unification. The project is working towards connecting all major blockchain networks, with Agora AUSD selected as the native stablecoin for the agglayer. This initiative could significantly enhance Polygon’s utility in the broader ecosystem, potentially driving further adoption.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Terra Luna Classic Community Discord On Proposal Amid LUNC Price Rally

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Terra Luna Classic community dismissed a community pool spent proposal by Cosmos developer team BLV Labs for recent work on the blockchain. Some developers and community members highlighted that the developer group failed to follow governance rules as there were no testnet and mainnet deployments. LUNC price saw more than 5% upsurge amid recent developments.

Terra Luna Classic Proposed Rejected By Community

Community pool spend proposal 12146 by BLV Labs faced a roadblock as the developer group failed to execute the developments on the Terra Luna Classic mainnet. The proposal saw nearly 90% “No” votes, including Allnodes, Interstellar Lounge, Interstake One, and other validators. The developer seeks $5000 in LUNC.

Validators responded that there was discussion, with no testnet deployment or mainnet deployment. The community requested the team to finish the work for payout.

Terra Classic validatorTerra Classic validator

The developer worked on the use of Oracle module to update and calculate the minimum deposit required to create a proposal in the governance module. BLV suggested that the system will automatically increase the minimum margin to ensure the value of the proposal is maintained in the event of a sharp drop or spike in LUNC price.

The team claimed the code pushed to GitHub and a pull request created on the Classic Terra repository. After that, we continued to work on all the bugs related to testing and integration. The team plans to EVM, SDK50 upgrade, or IBC improvement.

Meanwhile, the Terra Classic community has approved a proposal to transfer CoinMarketCap dashboard account access to top validator Allnodes directly.

LUNC and USTC Price Jumps

LUNC price soared 5% in the last 24 hours and 15% in a week. The price currently trades at $0.000118, with a 24-hour low and high of $0.0001102 and $0.0001199, respectively. The $0.00012 is a key resistance level for LUNC, surpassing this level clears a rally to $0.0002.

Moreover, Terra Luna Classic open interest jumped 8% in the last 24 hours, with buying on Binance and OKX. However, Bybit recorded a sell-off in 1000LUNC futures.

Meanwhile, USTC price climbed more than 5%, with the price now trading at $0.0245. However, the trading volume saw a 31% decline in the last 24 hours. The price overall moves in the range for his month.

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Varinder Singh

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Arthur Hayes Shills Another Solana Meme Coin, Price Rallies

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BitMEX co-founder and crypto millionaire Arthur Hayes has shilled another Solana meme coin to his followers. As expected, the coin’s price rallied following Hayes’ mention of the coin in an X post.

Arthur Hayes Shills FLOWER Meme Coin

In an X post, Arthur Hayes shared the Dextool profile of the FlowerAI (FLOWER) meme coin with the caption “kek.” Given Hayes’ status in the crypto community, this post was enough to send the meme coin’s price soaring.

When he made the post, FLOWER’s price was $0.02232, but the coin’s price has since spiked and is now above $0.03. The coin’s market cap was $22 million at the time but is now at $30 million following the price rally.

Arthur Hayes’ post has drawn criticism. Some of his followers questioned why someone of his repute was shilling a low-cap coin. Meanwhile, some accused him of intentionally trying to pump and dump the coin on his followers.

Besides shilling top SOL meme coins like Dogwifhat (WIF) in the past, Hayes has also dabbled into low and mid-cap coins. There was a point where he mentioned that he bought the MOTHER and MOG tokens. He also bet Solana AI meme coin Goatseus Maximus (GOAT).

Meanwhile, more recently, the Solana meme coin Deep Worm Price skyrocketed 180% after Hayes shilled it and asserted that the coin would reach a billion market cap. When he shilled the coin, WORM had a market cap of $55 million. However, following the pump, WORM’s market cap has since dropped to $41 million.

Solana Meme Coin Ecosystem Presents A Huge Boost

While Arthur Hayes continues to shill Solana meme coins, there is no doubt about the positive impact these coins have had on Solana and the SOL price. The SOL price recently hit a new all-time high (ATH) of $263, and this development is thanks to the increased demand for the coin among traders looking to invest in meme coins on the network.

The Solana network has also continued to record massive trading volume thanks to its meme coin ecosystem. For context, Solana is currently leading all other chains, including Ethereum, in terms of decentralized exchange (DEX) volume.

DeFiLlama data shows that the network has recorded a DEX volume of $44 billion and $5 billion in the last seven days and 24 hours, respectively. Ethereum comes in a distant second with $17 billion and $2.9 billion recorded during these periods.

With stakeholders in the crypto industry like Arthur Hayes shilling these Solana meme coins, the Solana network will unlikely continue to enjoy more trading volume as more investors also look to trade these coins.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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