The news of Shibarium daily transactions hitting record highs has fueled hopes that Shiba Inu (SHIB) can finally hit $0.01. The major milestone would mean that SHIB has gone through a major rally, securing millionaire status for many of its holders.
Guide on How to Secure Millionaire Status – Can Shiba Inu Hit $0.01?
With Shibarium finally up and running, the SHIBArmy is hoping that it will provide a major boost to the Shiba Inu price. The layer-two network was launched only two months ago and already reached 32 million transactions, representing a 44,397.9% surge in daily transactions. The increase has caused Shiba Inu’s burn rate to spike 900%, with over 500 million SHIB burnt in a week.
Other metrics also indicate that Shibarium is a roaring success. The network already boasts 1.27 million wallets, with the total value locked (TVL) reaching $750,000. But despite these glowing indicators, analysts advise caution. Lucie, a SHIBArmy member with more than 100,000 followers on X, had this to say:
“Shibarium is open for all to build upon. We don’t keep tabs on projects launching – it’s decentralized! Just like on ETH or Polygon, any project can kick off here. But, a word of caution: DYOR (Do Your Own Research). Stay vigilant and avoid falling into traps.”
The success of Shibarium, coupled with the overall bullish market sentiment, gives hope to SHIB holders that the popular meme coin can finally achieve a breakthrough and hit $0.01. However, there are several flies in the ointment that may prove fatal for these hopes.
Shiba Inu Traditionally Underperforms
Ever since its inception, Shiba Inu has been surrounded by massive hype generated by its community. The supporters even went as far as to dub it “the Dogecoin Killer”, claiming that it is only a matter of time before SHIB overtakes the biggest meme coin on the market. At one point, even the infamous billionaire Elon Musk stated his support for Shiba Inu. Unfortunately for SHIB followers and investors, the token failed to perform to their expectations.
Since then, SHIB’s performance has been criticized by many in the crypto market. Analysts were almost unanimous in claiming that Shiba Inu’s boat has sailed and that not even major network improvements like Shibarium are enough to revive the project.
Even today, when there are significant reasons to be optimistic about Shib’s future, the majority of experts remain unconvinced. They claim that there are far better investment opportunities for meme coin enthusiasts available, and we have to agree with them. If you are planning on securing millionaire status, Meme Kombat (MK) and Wall Street Memes (WSM) offer a much better chance of success. Here is what you need to know about these two emerging meme coins.
Meme Kombat – The Best P2E Platform on the Market
Meme Kombat and its native token MK differ from the vast majority of meme coins in one key aspect: MK is a utility token within the Meme Kombat ecosystem. Combined with meme power, this makes it stand head and shoulders above the rest of meme coins. That is why we included it in our guide on how to secure millionaire status.
Meme Kombat’s key feature is meme battles. Popular memes are pitted against each other in fierce combat to determine which one will be the champion. In Season 1, the designers have provided players with 11 contenders. Memes are based on popular meme coins, and in Season 2, we will see even more of them.
Play2Earn component consists of wagering on the battles. Each player will have a range of bets they can place, including direct betting,
But that is not the only way you can earn money with Meme Kombat. There is also a lucrative staking option, offering up to 112% APY. Even better, the developers have made staking available even during the presale, so your tokens can start earning income as soon as you buy them.
Considering all this, it is easy to see why so many experts claim that Meme Kombat has the potential to be the next big meme coin. With presale raising $2.6 million so far and fast approaching its hard cap goal, the time is running out for investors looking to get in on the ground floor of this amazing project.
Wall Street Memes – Meme Coin of the Revolution
The GameStop saga has revealed two things: how deeply corrupted Wall Street is and how ordinary people joined behind a common goal can inflict massive losses on the corrupt elites. Inspired by the success of r/wallstreetbets, Wall Street Memes is a meme coin providing one such goal. With more than a million-strong community behind it and $25 million raised in presale, it is one of your best bets for securing a millionaire status.
The team behind WSM is already famous, and known for their success with earlier projects. They are the same people who were behind the Wall Street Bulls NFT collection, famous for selling out in just 36 minutes. The team’s expertise is now employed on a new project, shaping to be even more successful.
Wall Street Memes also comes with a built-in utility. WSM Casino is one of the most promising online casinos on the market, offering its players a wide variety of games designed by the best casino software studios in the world. All transactions are powered by the WSM token, making it indispensable and creating a huge upward pressure on its price.
Designed for long-term stability and sustainability, Wall Street Memes employs several features to achieve those goals. The buyback mechanism ensures that a portion of WSM tokens are regularly burned, providing financing for rewards and airdrop campaigns. There is also a staking option, offering some of the highest APY in the industry. With more than 476 million WSM tokens staked already, it is in full swing and paying massive dividends to its holders.
Available on major exchanges like OKX, CuCoin, Gate.io, MEXC, CoinEx, and others, WSM is fast becoming the biggest meme coin on the market and your best path toward millionaire status.
Conclusion
Even though Shiba Inu is showing some major gains, mainly due to Shibarium overperforming and the overall market recovery, most analysts agree that there are far better options for securing millionaire status in crypto investing. Two emerging meme coins, MK and WSM, are showing massive potential and are both poised to dominate the meme coin space in the near future. Investing in them can easily make you a part of the next batch of crypto millionaires.
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