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Arbitrum and Solana battle for transaction speed dominance as WW3 Shiba attracts investors with its highly-subscribed presale and potential in the blockchain gaming space.
Arbitrum (ARB) and Solana (SOL) clash as the need for speed and lower transactions become a talking point in the crypto space. As the battle rages on, WW3 Shiba (WW3S), a new SocialFi memecoin that combines blockchain gaming, is leaving a noticeable footprint during its highly-subscribed presale.
Arbitrum and Solana have suffered the same fate in the past month, crumbling under unfavorable market conditions. WW3 Shiba, tipped to be the successor to Shiba Inu (SHIB), capitalized on the market chaos to lure whales and retail investors.
Arbitrum fluctuates as correction bites
Arbitrum has hit a new high in 2024. ARB, the native token of the Arbitrum ecosystem, is fetching a price of $0.8335, marking a 7% rally in the past 24 hours, at the time of writing. Arbitrum’s price reached a low of $0.7706 before bouncing off a market-wide relief rally.
Investors are hoping that the local bottom is in, paving the way for an uptrend. Analysts are bearish as they further downside. They are warning that Arbitrum could sink below $0.7453, its all-time low price reached on September 11, 2023. Some experts claim that Arbitrum presents a good buying opportunity for investors given that it is 12% above its all-time low price.
Solana emerges as best performer
Crypto got a major scare when Bitcoin dipped below $60,000. This fear seems to be a thing of the past as blue-chip cryptocurrencies, including Solana, are bouncing. At the time of writing, Solana surged 8% in the past 24 hours to trade at $138.44, with investors fixing their eyes on $150.
Some whales remain sidelined as they play the wait-and-see game. They want Solana to show strength before buying more SOL coins. Solana recently made some technical developments that lower its transaction costs, a move that could result in more decentralized apps (Dapps) being deployed on the platform. Solana is up 717% in the past year, making layer-1 blockchain one of the best-performing assets.
WW3 Shiba: A promising new entrant
WW3 Shiba has earned its place as one of the leading new altcoins to watch in H2 2024 after generating interest from whales and retail investors. Web3 enthusiasts are flocking to WW3 Shiba as the SocialFi meme coin plans to enter the blockchain gaming space.
WW3 Shiba has laid a practical roadmap that could help propel the memecoin into the list of top coins. The project has set aside 8% of its total token supply for listing on major DEXes and CEXes, opening an avenue for increased trading volume, and, by extension, a price surge.
The memecoin will have real-world applications that will see WW3 Shiba donate to dog-focused charities. Investors are also finding it easier to buy WW3 tokens during the presale because WW3 Shiba is built atop Ethereum.
WW3 Shiba aims to change the market as it might achieve the projected 580% gains during the presale. Interested investors can buy each WW3S token for only $0.001.
To learn more about the presale, visit the website, Twitter or Telegram.
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