During the current market situation, many investors are looking for new investment opportunities to help them diversify their portfolios. This strategy is considered to slightly decrease the investment risk level. As some investment choices may rise in value, others might drop. CashFi news…
Dogecoin (DOGE) and Shiba Inu (SHIB) are the two biggest meme coins in the crypto world. While they have been hit by the current crash, many investors are still keeping their eye on these cryptocurrencies because of their early successes that brought them exponential returns.
Presale popularity seems to be growing even during bear markets as more investors turn to new crypto projects, hoping for better returns on their investments. CashFi (CFI) is a new and exciting project that has caught the attention of many crypto enthusiasts.
CashFi’s (CFI) Presale Takes The Spotlight
Currently, in presale, CashFi (CFI) is a next-generation decentralised network. Its use of an innovative fee-sharing model that will give holders access to a wide range of asset classes, including liquid staking, NFTs, and others assets. CashFi’s platform is designed to bring the blockchain ecosystem together to provide users with fast, cost-effective, and scalable services.
CashFi has a well-designed roadmap that presents the project’s future development. It has received great attention from investors and is appreciated by industry experts. While in presale, the token’s price is comparatively low, thus giving you a chance to become an early investor with a smaller initial investment amount.
Dogecoin (DOGE) Is Among Top 10 Cryptocurrencies Right Now
Being the biggest meme coin on the market did not help Dogecoin (DOGE) avoid the recent crypto crash. However, Elon Musk expressed his support for the cryptocurrency despite its downturn and this has shown to influence a significant rebound in the crypto’s value. Tesla is said to continue to accept Dogecoin for merchandise and SpaceX is likely to do the same.
According to Shivam Thukral, Founder & CEO of BuyUcoin, Dogecoin’s revival is primarily driven by Elon Musk’s supportive tweets; therefore, it is difficult to predict how long this momentum will last. While DOGE was designed to be a payment medium, it needs to find a real-world use case. Some experts believe that the meme coin rally might happen to be short-lived because of the lack of strong fundamentals.
Shiba Inu (SHIB) Leads Altcoin Gains
A popular meme coin, Shiba Inu (SHIB), has shown an astounding rebound in the last 24 hours, impressing many of its investors. It has begun to rise dramatically following a recent news announcement that SHIB has surpassed Tether, a stablecoin, as the second most held asset by Ethereum whales.
Many investors followed the whales and caused a spike in SHIB investments. However, SHIB’s price increase might be short-lived. Similarly to Dogecoin, many crypto experts warn that the lack of real-world use cases may make it difficult for this token to be adopted as anything more than a medium of exchange.
If you are uncertain about investing in meme-tokens like Dogecoin (DOGE) or Shiba Inu (SHIB) during the current crypto bear market, the consider the CashFi (CFI) presale. To learn more about it, follow the links below.