These days, predictions are all over the place in the crypto world. Pretty much all of the cryptocurrencies are on the rise, but people are rightfully wondering how long will that last, and what will be the end result.
It’s no different for Cardano (ADA), as this cryptocurrency also saw a nice boost.
There’s good news for meme coins as well, with the likes of Dogecoin surging over 30% the day after the US elections. In addition, an awesome new project is on the horizon - Shiba Galaxy, a meme coin with huge potential.
Let’s dive in.
How well is Cardano doing?
It would be an understatement to say that the crypto world is doing very well in these last couple of days. Trump’s win gave a huge boost to a lot of cryptocurrencies, with Bitcoin (as the blockbuster crypto star and go-to example) hitting an all-time peak.
It would be fair to say that Cardano is all over the place, fluctuating every few days. The price goes up, then a bit down, then up again, and so on. It’s not a straight line increase but it definitely is a 25% increase compared to the day before the elections.
Judging by a pattern from four years ago, some analysts believed that a pump might happen around a few weeks from now, and that Cardano will reach its peak in autumn next year. Some forecasts say that Cardano might go to $1.1351 at the start of the next year.
At the time of writing, Cardano is sitting at $0.442.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
On the other hand, meme coins are fully enjoying their day in the sun, with a noticeable increase. For example, the day after the presidential elections, a growth of 200% was registered in daily trading volume across the meme coin sector.
Perhaps the crazy thing is, that’s probably not the most exciting news when it comes to meme coins. That honor goes to Shiba Galaxy ($SHIBG), the project poised to make a significant impact.
Meme coin goodness overload
One of the most exciting and interesting projects in the meme coin market lately, Shiba Galaxy has some unique features that you don’t see every day when it comes to meme coins.
So why is it so noteworthy?
For starters, Shiba Galaxy is building an L2 blockchain focused on creating and launching new meme coins. On top of that, it offers rapid, cost-effective bridging between Ethereum and Shiba Galaxy Chain, which in some way makes it a pioneer as it is bridging the divide between meme coins and traditional, utility-focused tokens.
It also features a dedicated block explorer and on-chain builder. The cherry on top is that this coin has already been audited, offering strong security.
The coin is going through its pre-sale phase, and is currently priced at $0.109.
Worth mentioning is that its market cap is fairly lower than other similar projects, at $30 million. As such, Shiba Galaxy presents a prime opportunity for investment in times when the crypto world eagerly anticipates the potential meme coin super cycle.
Be prepared
These have been a great few days for the crypto industry and its people. We’re still waiting to see how all of it will look like after the post-Trump win dust settles, but there is no denying that crypto enthusiasts have plenty to look forward to when it comes to meme coins - in no small part thanks to Shiba Galaxy.
Granted, Cardano is doing relatively well too, with some favorable predictions. However, from the looks of it, virtually nobody believes it will ever reach its highest peak from several years ago - at least not anytime soon.
That’s what makes Shiba Galaxy so interesting and enticing. It’s a meme coin that packs a lot of punch while being cost-effective - all the ingredients for a proper boom in the meme coin sector.
