Disclaimer: This article does not constitute investment advice. The content and materials appearing on this page are for educational purposes only.
WienerAI generates buzz, fueled by crypto expert's prediction and $7 million presale win.
Memecoins remain the most talked about cryptocurrency niche, with much excitement surrounding two unlikely players.
A cryptocurrency expert has investors excited about Shiba Inu’s (SHIB) next move. But there’s a twist: the expert also has his sights set on WienerAI (WAI), an up-and-coming cryptocurrency that has raised over $7 million in pre-sales.
Shiba Inu in trouble after token falls to four-month low
The Shiba Inu has taken a beating. The price of the memecoin has plummeted to $0.000013which represents a 13% drop in the last 24 hours.
And that’s not all: SHIB is down 26% since last week. The token looks set to record its fifth consecutive weekly red close. If that wasn’t harsh enough, this could be SHIB’s worst week in over a year. It’s now trading at lows not seen since early March.
But the bleeding does not stop at the price. Open interest He also suffered a blowreduced to just $33 million.
This drop in open interest suggests a lack of confidence on the part of traders, showing that they are moving away from the token, at least for now. However, despite all this pessimism, spot volumes increased by 77% over the past day.
It is certainly a headache. These increasing volumes could be traders trying to “catch a falling knife” or they could be a sign of opportunistic buying.
Cryptocurrency expert believes Shibacals could fuel SHIB comeback
While things are looking bleak for SHIB, one crypto guru has an interesting take on the token. YouTuber ClayBro isn’t sugar-coating it: SHIB has been through some tough times. But he thinks things might be about to change.
In his recent videoClayBro noted that Lucie, the Shiba Inu marketing genius, is cooking up something special with “Shibacals.”
Shibacal is a new idea in the Shiba Inu ecosystem that aims to create physical representations of nfts.
ClayBro believes this could lead to serious bugs in SHIB in the future. ClayBro points out that the development team has been promising bugs in their projects for years, but it has all been just talk.
The Shiba Inu community has been doing all the heavy lifting when it comes to the burns, so it could be a great achievement if Lucie and the team go ahead with the Shibacals.
Fewer SHIB tokens in circulation would mean a more limited supply and potentially higher prices.
Expert also supports WienerAI after reaching $7 million in pre-sale
ClayBro isn't just talking about SHIB these days. He also has his eye on another dog-themed token: crypto-news.care/b_wienerdogai-en_80558?referrer=crypto-guru-eyes-surge-for-shiba-inu–predicts-wienerai-could-also-rise” target=”_blank” rel=””>WienerAI.
In its latest videoReleased yesterday, ClayBro talks about Shiba Inu but turns to discuss this new project.
So what is it about WienerAI that makes ClayBro so excited? For starters, it has raised over $7 million in pre-sale funding.
It’s no small feat, especially considering the current pessimism in the cryptocurrency market. ClayBro is also particularly excited about WienerAI.ai/en/staking” target=”_blank” rel=””> Participation rewards.
These rewards are estimated to be 161% annually and over 6.4 billion WAI tokens have already been locked. With returns like that, it’s no wonder investors are taking note.
Then there is WienerAI’s flagship feature – the ai-powered trading bot. Investors can use this bot to identify high-potential buying opportunities backed by objective analysis.
The bot can then execute trades on different DEXs without fees.
As noted inai/assets/documents/whitepaper.pdf” target=”_blank” rel=””> WienerAI White PaperIt will even offer protection against programs running ahead of time. All of this is wrapped up in a fun dachshund theme, which adds a playful touch to these ai tools.
ClayBro is not shy about revealing that he has invested in the WienerAI pre-sale. This is a vote of confidence from someone who has been involved in the crypto world for years.
So while Shiba Inu may be struggling right now, ClayBro still sees potential in WienerAI to deliver positive returns.
For more information, crypto-news.care/b_wienerdogai-en_80558?referrer=crypto-guru-eyes-surge-for-shiba-inu–predicts-wienerai-could-also-rise” target=”_blank” rel=””>Visit WienerAI's pre-sale website.
Disclaimer: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should conduct their own research before taking any action related to the company.