- Shiba Inu drops 6% in a week
- Toncoin gains 2% over seven days
- Rebel Satoshi presale attracting investors
The crypto market is currently divided, with major altcoins either experiencing minimal gains or succumbing to renewed bearish pressure.
This bearish sentiment has caused Shiba Inu (SHIB) to decline while Toncoin (TON) struggles to maintain its positive momentum.
Amid this, Rebel Satoshi (RBLZ), an upcoming meme coin, has sold 10 million tokens in its public presale.
Shiba Inu drops 6% in a week
Over the past week, SHIB has fallen 7% despite initial positive news cycles.
On Nov. 15, SHIB was trading at around $0.000008371. It briefly spiked to $0.000009118 following announcements of a partnership between Shibarium and the Manny Pacquiao Foundation but failed to sustain those gains.
As of Nov. 22, SHIB had stabilized around $0.000007808 as volatility cooled and transaction volumes decreased from short-term peak levels.
Some analysts expect the token to reach $0.000007915 by the end of November.
Their optimistic outlooks cite reports from Nov. 21 about a sharp rise in the SHIB burning rate.
Toncoin adds 2% in a week
Over the past week, TON has seen modest price gains following an announcement of new decentralized finance (defi) functionality being added to the TON ecosystem.
On Nov. 15, Toncoin was trading around $2.26 before spiking briefly to $2.46 the next day after details were unveiled about a new token swap feature enabled through the TON Space wallet on Telegram.
TON has since stabilized in the $2.30 range as of Nov. 22. This represents approximately a 2% price increase over the roughly 7-day period since the initial infrastructure upgrade was publicized.
Some analysts speculate the added defi utility around TON could bolster adoption if leveraged heavily by Telegram users. Their forecasts envision Toncoin reaching $2.60 by the end of November and $2.64 by year’s end.
Investors examine Rebel Satoshi presale
Rebel Satoshi, an emerging meme coin challenging centralized crypto entities, has garnered significant investor attention during its pub
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