TLDR:
According to CryptoQuant, the amount of Shiba Inu tokens on exchanges has been decreasing over the last six months.
Dogecoin has come under bear pressure, and has suffered losses on the weekly and monthly price charts.
Rebel Satoshi Arcade has attracted the interest of holders of DOGE and SHIB with its gaming ecosystem.
The CryptoQuant data indicates that Shiba Inu’s supply on the exchanges has been consistently decreasing for the last six months, a bullish news. On the flip side, Dogecoin has suffered bearish pressure on both weekly and monthly price charts. With these changes, a new meme coin, Rebel Satoshi Arcade has generated interest among the holders of DOGE and SHIB with its unique gaming ecosystem.
Rebel Satoshi Arcade (RECQ) Hybrid Network Has Caught the Attention of Investors
Rebel Satoshi Arcade (RECQ) is a new gaming platform that combines memecoins, play-to-earn features, and non-fungible tokens (NFTs) into a single ecosystem. This unique approach allows players to enjoy different arcade games while also exploring the best NFTs.
The play to earn model is one of the key features of Rebel Satoshi Arcade, and allows the players to earn while playing the games. Users can also gather NFTs, gaming assets, merchandise, and free RECQ tokens by playing games and communicating with other players. These tokens can also be used for buying extra gaming assets as well as NFTs to unlock new games.
This fusion of meme coins, NFTs, rewards, and different games makes Rebel Satoshi Arcade one of the best DeFi projects to join. Meanwhile, Rebel Satoshi‘s native token, RECQ, has received high interest so far in its cryptocurrency ICO. Priced at $0.0037, RECQ is poised to increase to $0.0044 in the near future. Analysts predict a bullish trend, with RECQ expected to surge by 200% before the presale ends.
Shiba Inu (SHIB) Reserves on Exchanges Dropping
Shiba Inu (SHIB) faced resistance around the $0.000028 mark lately before beginning an uptrend with the $0.000030 point in view. However, bulls could not maintain the bullish momentum, and Shiba Inu’s price dropped to $0.00002457.
Nevertheless, there are hopes for SHIB’s price growth. According to CryptoQuant, the data suggests that the SHIB supply on centralized exchanges has been decreasing continuously for the past six months. The fact that Shiba Inu meme coin‘s investors are ready to hodl their coins is a bullish sign.
Dogecoin (DOGE) Drops Prices on the Weekly and Monthly Timeframes
While other memecoins have recovered from the latest liquidation in the crypto market, Dogecoin (DOGE) is still under the control of bears. Apart from the 78.1% gain on the yearly price chart, the price of Dogecoin has dipped 3.1%, 24.6%, and 21.7% on the 7-day, 14-day, and 30-day price charts.
Regarding the price performance of Dogecoin in the market, the meme coin has been consolidating between $0.1481 – $0.1637. Should this bearish attitude persist, the memecoin would fall to deep levels within the next few weeks.
Final Thoughts
Investors could embrace new meme tokens, such as Rebel Satoshi Arcade, as Shiba Inu and Dogecoin undergo price swings. Its meme coins, play-to-earn features, and NFTs combination make it the best meme coin to invest in for those who want to grow their assets.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram.
The post Shiba Inu Supply on Exchanges Drop To New Lows, Dogecoin Declines As Holders Show Interest in New Token appeared first on BitcoinWorld.
