5.7 Trillion SHIB Volume Spike Signals Potential Shiba Inu Price Surge and Altcoin Bullishness

Recent bullish news regarding Shiba Inu’s volume spike of 5.7 trillion SHIB could boost SHIB price and indicate a potential bullish trend in the market.

Shiba Inu has seen a significant increase in its 24-hour large trading volume, indicating an increase in whale activity. This suggests a higher potential for increased asset volatility. With the current bullish market conditions, the likelihood of an uptrend increases.

According to IntoTheBlock data from July 8, 2024, Shiba Inu’s significant trading volume reached 5.71 trillion SHIB. This notable increase indicates recent active participation from major holders. Such movements usually indicate strategic distribution or accumulation, increasing market interest and volatility.

Shiba Inu is currently recovering from its recent lows, trading at $0.00001964, as shown on the SHIB/USDT daily chart. It has broken above the 50-day exponential moving average ($0.00001750) and is now approaching the 100-day resistance level.

A break above these levels would indicate a bullish trend, which could put SHIB on track for higher targets. Rising trading volume contributes to this optimistic outlook. Increased involvement from large investors reflects growing confidence in the asset’s future performance, often preceding significant price movements.

Shiba Inu is also benefiting from the overall positive sentiment in the cryptocurrency market, bolstered by the strong performance of major cryptocurrencies like Bitcoin. This favorable environment could give SHIB additional momentum to continue its ascent.

Exciting developments in the crypto space extend beyond Shiba Inu, positively impacting smaller tokens like Base Dawgz Also.

Base Dawgz Sees Strong Pre-Sale Demand With $2.5 Million Raised

Base Dawgz (DAWGZ) has defied the cryptocurrency bearish trend and enjoyed a bullish reversal. Currently in presale, the project has raised $2.5 million. Analysts expect significant gains when Base Dawgz begins trading on exchanges.

Currently, Base Dawgz is available at a fixed, discounted price of $0.006405. As the campaign progresses, the pre-sale price will increase, removing the opportunity to make big profits at current rates. Potential investors can check out our guide on how to buy Base Dawgz tokens here.

Additionally, Base Dawgz offers a Referral and Earn program, allowing community members to earn commissions by referring others to join the presale. Referrals can earn 10% of the token purchase amount, paid in USDT. Points earned from referrals can be exchanged for $DAWGZ once the campaign ends.

Base Dawgz understands that a strong community is essential to the success of memes. They are launching a social rewards program where people earn points by sharing memes and posts about Base Dawgz on social media. These points can be redeemed for more $DAWGZ tokens.

This approach may explain why Base Dawgz now has 4,900 followers on X (formerly Twitter) and has reached new milestones in its presale. As the community grows, the value of Base Dawgz tokens may also increase.

The ICO end date has not yet been announced, so there is still time to invest. However, it is in the best interest of investors to buy early while the price is low, as it will only increase as the pre-sale continues.

Base Dawgz Defies Market Trends with Staking Rewards and Multi-Chain Integration

Base Dawgz could become the next big cryptocurrency on the Base blockchain. It plans to integrate with multiple blockchains, including Ethereum, Solana, Binance Smart Chain, and Avalanche, for true interoperability without relying on wrapped tokens.

Using Wormhole and Portal Bridge technology, Base Dawgz will allow community members to easily transfer funds between chains. This flexibility allows users to choose which blockchain their funds will be placed on, making it easy to transfer money based on their preferences.

Base Dawgz has allocated 1.69 billion $DAWGZ tokens (20% of the total 8.4 billion tokens) to staking rewards. Investors will receive 192,000 $DAWGZ tokens every hour for a year, allowing them to continually earn more tokens and potentially increase their earnings.

Early buyers can earn an annual percentage yield (APY) of over 1,400%, though this rate will decrease as more investors join the staking pool. Currently, staking is only available on the Ethereum network, but the team plans to add Solana staking as part of its multi-chain strategy.

Base Dawgz recently responded to community requests to enable staking on Solana. The team has taken note of these requests and is working to make it possible. Staking has recently launched, unlike some other meme coin presales that offered it from the start.

Developers are actively working on implementing Solana staking and brainstorming solutions. The cross-chain nature of Base Dawgz makes this more complex, but the team is determined to overcome this challenge.

Staking will attract more buyers than just those driven by hype. Base Dawgz has undergone a rigorous audit by third-party blockchain security firm SolidProof.

The audit found no issues, indicating that the $DAWGZ smart contract is safe and secure, reducing the risk of a rug pull and distinguishing it from other new Meme Coins.

To participate in the $DAWGZ token presale, visit basedawgz.com.

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