Shiba Inu (SHIB)’s Slowing Burn Rate Dents Prices
Shiba Inu (SHIB)’s burn rate is at record levels since the beginning of summer. This has given prices strong support lately.
In August, the community sent 3 billion SHIB tokens to an inactive wallet where they will be stored for life, in an attempt to regulate its unlimited supply and keep prices moving up.
However, we are now seeing a pattern reversal. Midway through September, Shiba Inu (SHIB)’s burn rate is almost flat, with only 272 million SHIB tokens burned as of late.
Investors are taking the recent news negatively. SHIB is trading with a 1% decline to $0.00001269, erasing some of the gains made last week. With more holders rushing to exit this trade, we expect prices to fall to the $0.00001180 support.
Dogecoin (DOGE) Couldn’t Break Important Resistance
Dogecoin (DOGE) is not performing any better. The world’s biggest meme coin is trading on the rocks after failing to stage a breakout from the $0.065 level. Initially, it managed to make a fake breakout that sent its prices to trade briefly at $0.066, but sellers started to take the lead from there.
The retracement sent the prices to $0.063 where it is currently exchanging hands. To make things worse, Dogecoin’s co-founder recently called out Elon Musk for overhyping the meme coin in an attempt to send prices to the “moon.”
Dogecoin co-founder’s comment and ongoing price volatility are making investors realize it’s time to put their attention elsewhere. Recently, everyone has been wanting to jump into The Hideaways (HDWY) presale after the team confirmed the price will increase to $0.02, doubling your investment if you’re able to get in before midnight on Friday.
The Hideaways Confirm Price Rise to $0.02, Early Investors Gain 100%
Shiba Inu (SHIB) and Dogecoin (DOGE) owners can now turn towards a more stable coin in The Hideaways (HDWY). The real estate superstar is currently holding its presale period where its native token, HDWY, sells at $0.01. This is confirmed as increasing to $0.02 by Friday midnight, so investing before then will see you make a 100% gain in less than 1 week.
Analysts predict gains of up to 9,000% by the end of 2022 based on the presale demand to date. Investors will also benefit from monthly passive income once they have their HDWY tokens, both from real-world rental and crypto staking rewards – a huge opportunity to benefit whatever the market.
In addition to this, the project is attention from investing superstars thanks to its Gold, Platinum and Diamond tier rewards. Investments of over $10k, $20k and $50k will secure one of the limited availability tiers.
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter (NYSE:TWTR): https://twitter.com/hdwycrypto
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Source: Cryptocurrency - investing.com
