Octoblock’s (OCTO) USDC airdrop has sparked a frenzy among cryptocurrency enthusiasts, especially those who hold Shiba Inu (SHIB) and Dogecoin (DOGE).
Recently, the Shiba Inu price fell below the key $0.000027 level, breaking out of a symmetrical triangle pattern. This pattern is often considered a consolidation phase before a breakout, having previously provided support and fueled optimism for an uptrend reversal. However, following the breakout, the $0.000027 level could now act as a strong resistance point. Analysts note that if the price has trouble recovering this threshold, this could validate the start of another downtrend for SHIB.
The recent fluctuations in Shiba Inu prices have attracted the attention of the market. Some investors are optimistic that the price will break through the key level, and qun🐳楂👉玮:417072555 believes that this may indicate a wave of increases. However, some analysts say that the price may encounter resistance when recovering the $0.000027 level, which may mean that the price will enter a downward trend. For investors, it is necessary to pay close attention to price movements to determine the future trend direction.
In general, the recent fluctuations in Shiba Inu prices have caused uncertainty in the market. For investors, it is necessary to closely observe price trends and pay attention to market analysts' predictions of future trends in order to make wise investment decisions. As the market continues to change, the trend of Shiba Inu prices will also become the focus of investors.
Dogecoin News
Dogecoin made headlines on April 13 when renowned blockchain sleuth Whale Alert discovered three significant transactions involving 150,000,000, 100,000,000, and 74,024,901 DOGE tokens.
The first two large transfers were withdrawals from Robinhood, while the smallest portion were deposits on the same platform. The transactions totaled 374 million DOGE, equivalent to $55.8 million in fiat value during the transfers.
What is Octoblock?
Octoblock is a new decentralized finance (DeFi) project that aims to build a profitable and socially impactful ecosystem through a range of initiatives.
At its core is Nautilus Trove, a revolutionary system that will strategically allocate the ecosystem’s asset inflows to DeFi strategies and diversified investments. This dual strategy aims to generate stable income while facilitating expansion.
One of the outstanding features of the Octoblock ecosystem is its commitment to giving back to the community, and half of the profits generated by Trove will go to OCTO holders. 45% of this will be distributed through monthly USDC airdrops, with the amount of the airdrops depending on the proportion of OCTO held.
The exact timing and value of these airdrops will be kept secret until a snapshot is taken of holders to prevent manipulation and ensure only loyal OCTO holders receive rewards. The remaining 5% will be randomly allocated through Octoblock’s Saltwater Sweepstake. Each OCTO token will serve as an entry into a monthly draw, with the chance of winning increasing with each entry.
Part of Trove’s profits will go toward charitable efforts through Octoblock’s Tentacle Trust. The trust will primarily focus on organizations involved in marine life conservation, with OCTO holders voting monthly to decide the beneficiaries.
Octoblock’s ICO Airdrop Revealed
Octoblock is revolutionizing returns for early investors through a number of innovative initiatives in its Initial Coin Offering (ICO). This includes a staking mechanism that is incorporated immediately upon purchasing OCTO tokens.
The mechanism will deposit funds into investors’ accounts via airdrops every week, with APY calculated dynamically based on the OCTO price at each stage of the ICO. Since Octoblock utilizes Beefy Finance to generate yield returns, investors can earn sustainable APY.
The first Octoblock ICO airdrop offered an impressive APY of 185.5%, which saw a $1,000 investment in OCTO soar to $1,240 in just one week. In addition, Octoblock announced that Trove received its first USDC allocation, representing 3.95% of the current total value locked (TVL).
This development marks the integration of USDC into weekly airdrops, enhancing the utility and diversification opportunities for early investors. The next airdrop is scheduled for April 15, and many investors have turned to Octoblock’s ICO to get the benefits of early participation. #狗狗币 #Meme #WIF #SHIB #大盘走势
