Shiba Inu, a leading meme coin, has recently experienced a 20% surge in price, driven by a significant influx of $2 billion in trading volumes. This surge in activity can be attributed to the announcement from SHIB developers regarding the addition of an extra privacy layer to the recently launched Shibarium L2. The collaboration with Zama, a prominent cryptography company, will utilize fully homomorphic encryption, enabling developers to work with data on untrusted domains without the need for decryption.
Currently, Shiba Inu is trading at a market price of $0.00001407, marking a 24-hour change of +12.26%. The coin has seen five consecutive days of upward movement since bouncing off lower support at the 20 DMA on February 24. The 20 DMA has become a crucial moving average, serving as both a key support and resistance level. The 200 DMA reflects SHIB’s shift towards the upside of the trading channel, with gradual divergence providing support at $0.00000875. However, the RSI indicator is showing signs of being overbought on the short-time frame, with a reading of 89.56.
While Shiba Inu’s price analysis suggests a potential retracement, investors are turning their attention to a newer AI crypto coin called Scotty. Scotty AI, with its presale success and innovative solutions, offers a promising investment opportunity in the realm of blockchain and artificial intelligence convergence. The project has garnered over $1.1 million in funding and aims to reach a $100 million market cap. Scotty AI is positioned as the “Guardian of the Crypto Universe,” providing AI-driven solutions for seamless token swaps and market insights.
As the Scotty AI presale gains momentum, early investors have the chance to participate in a project with a clear roadmap and strategic milestones. The project emphasizes community engagement, token launches, and partnerships to establish itself as a leader in the crypto market. With significant token allocation for public sale and attractive staking rewards, Scotty AI offers an enticing opportunity for those looking to be part of a monumental crypto venture.
Scotty AI stands at the intersection of AI and blockchain, providing a valuable alternative to volatile meme coins. With a strong foundation and a vision for innovation, Scotty AI appeals to investors seeking to diversify their portfolios. By aligning with Scotty AI, investors not only gain potential returns but also contribute to shaping the future of crypto. The project’s commitment to strategic growth and community building positions it as a frontrunner in the evolving crypto landscape.
The evolving landscape of cryptocurrency presents exciting opportunities for investors seeking innovative and transformative projects. Scotty AI emerges as a beacon of change in the industry, offering a blend of AI technology and blockchain solutions. As the crypto market continues to evolve, aligning with forward-thinking projects like Scotty AI may prove to be a wise investment decision.
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