The crypto market that’s known to be notorious for its unpredictable fluctuations has recently seen a major drop in value. Various crypto market price drops affected even the most popular meme coins, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
The SHIB meme coin lost all of its August 2023 gains due to the crypto market sell-off. Investors in both SHIB and DOGE started fleeing to safer options like Watchvestor’s (WVTR) cutting-edge platform in the midst of the sell-off.
Although SHIB’s price has declined by 7.54%, crypto experts provided hopeful forecasts as the SHIB fire burns up and Shibarium, a Layer-2 (L2) blockchain, prepares to bring decentralised apps to the network. Crash crypto gambling enthusiasts see this as a good omen for the SHIB price to rise again in the following months.
Aside from SHIB, the latest market sell-off has also derailed the optimistic trend that DOGE had been constructing. DOGE has lost 7.5% of its value, trading at $0.0624. Many believe that this is a bearish indicator, and it may cause the Dogecoin price to fall back to the $0.06200 level of support.
Despite this, DOGE has supporters in the crypto community. It has been predicted that the price of DOGE will rise above the $0.1 barrier in the next few months as a result of the integration of Doge into X (Twitter).
BTC price levels off after drop as QUBE rises
The crypto market was rocked by Bitcoin’s (BTC) unexpected dip below the $25,000 threshold which has left traders and investors shaken. BTC’s fall was worsened by the lack of bullish market catalysts and widespread pessimism among traders. Fortunately, BTC soon found stability and is once again trading above the $26,000 mark.
BTC has given investors reason to be optimistic despite the market’s volatility and this has shifted focus to other coins including Ripple (XRP) and InQubeta (QUBE). While the rest of the crypto market is tanking, these two are charging ahead to new heights.
Both XRP and QUBE are widely expected to surge with some analysts projecting an astonishing 1150% growth potential for both currencies. QUBE tokens are in high demand because of their status as the premier crypto investment for the venture capital and crowdfunding industries.
Before, only large institutions and rich investors had access to promising venture capital prospects. It was difficult for startups to secure capital without handing up a sizable portion of their company.
On QUBE’s marketplace, AI businesses can tokenise their equity as fractionalised NFTs which can then be purchased by regular investors using QUBE tokens. This broadens access to investment opportunities in the AI industry, opening the door to potentially lucrative investments representing ownership in AI enterprises.
The goal of QUBE is to make it easier for businesses and investors to raise money and make investments. Since its initial coin offering (ICO), the price of QUBE has increased by 60%, from $0.007 to $0.0112 per token.
In light of the fact that its value is expected to expand even more after being listed on an exchange, experts predict that it will grow by more than 1,150% by the end of the year. With BTC’s price value levels off and other coins like QUBE rising to the top, crypto investors and Crash crypto gambling enthusiasts see a bright future ahead for the entire crypto market.