The cryptocurrency market is seeing renewed activity among meme coins such as Shiba Inu (SHIB) and Cheems (CHEEMS). Recent events have drawn attention to both tokens, while Dragoin begins its journey amid growing investor interest.
SHIB Aims for $0.001 After Burning 1 Billion Tokens
Shiba Inu (SHIB) is experiencing a surge thanks to significant token burns. An anonymous wallet recently destroyed 1 billion SHIB, worth approximately $13,050. This burn, combined with increasing activity on Shibarium, is raising supply concerns. The total locked value (TVL) on Shibarium has reached a two-month high, and SHIB's reserves on exchanges have dropped to a four-year low, potentially pushing the token's price to $0.001.
CHEEMS Reaches $210 Million Market Cap After Binance Listing
Cheems (CHEEMS) is also seeing success. Over the past week, its price rose by 52.4%, hitting $0.00015094 and increasing its market cap to $210 million. This rally followed its listing on Binance, boosting trading volume and visibility. Although it has slightly cooled down by 0.00132% since its last close, CHEEMS still has room to grow.
Dragoin: A New Player with Low Entry and Promising Potential
Dragoin ($DDGN) presents an opportunity for new investors to join the action without significant financial commitment. The presale is ongoing at a mere $0.0000292 per token, making it accessible to a broad audience. With a focus on community engagement through gaming mechanics and a staking system, Dragoin provides potential for token value appreciation over time.
With the rising interest in meme coins like SHIB and CHEEMS, Dragoin offers a strategic, thoughtful investment approach. Considering active burns, liquidity growth, and exciting opportunities for early participants, the meme coin market remains dynamic and captivating.
