Shiba Inu Still on Dogecoin’s Price Pursuit Amid Market Turbulence; $RECQ Presale Targets Millions
The ongoing market bull wave might boost Dogecoin and Shiba Inu’s performance in the second quarter of this year. However, top ICO analysts are now eyeing $RECQ, the latest token introduced by the Rebel Satoshi ecosystem. Projections suggest $RECQ’s value could surge by 85% in the upcoming round of its presale. But does it possess the potential to become the best ICO? Let’s delve into the latest about DOGE, SHIB, and $RECQ.
Dogecoin founder Billy Markus, known as Shibetoshi Nakamoto on X, responded to the recent cryptocurrency market downturn. Following a notable crypto surge, with Bitcoin (BTC) reaching an unprecedented high of $73,835, the market experienced a downward trajectory by the week’s end. Subsequently, Markus tweeted, “Crypto is sure awesome if you enjoy poor mental health.”
Since this downward trajectory, the value of DOGE has dropped significantly. Before the downtrend, DOGE was valued at $0.144, but it dropped to $0.129 after, signaling a 10.42% dip in DOGE’s value. Meanwhile, some market experts foresee an uptrend for Dogecoin because of its growing popularity and active community. As such, they expect DOGE to rise to $0.180 by mid-April.
Conversely, some market analysts predict a downtrend for Dogecoin because of its bearish turn in the last two weeks. As such, they expect DOGE to drop to $0.105 before the end of March.
In a remarkable development on March 17, on-chain data revealed a substantial spike in Shiba Inu token purchases, amounting to an astonishing $10.2 million. Reports indicate that an astounding 382 billion SHIB tokens were transferred to an undisclosed wallet, facilitated by two sizable transactions.
This news set the Shiba Inu community abuzz, and the value of SHIB has dropped since then.
Read more on cryptonews.com
