Ethereum\u0027s most recent moves raise some unpleasant questions
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What could help Shiba Inu at this point? For starters, an increase in network activity could signal renewed interest in the asset. Additionally, positive developments or partnerships could also serve as catalysts for a potential uptrend. However, as it stands, the meme coin has a long way to go before it can regain its former glory.Dogecoin , once the darling of the meme coin world, has been stuck in a rut for the last two months. The cryptocurrency is currently trading at $0.
The poor performance of DOGE is even more glaring when compared to its competitors. Shiba Inu, for instance, has seen periods of high volatility and has even managed to steal some of Dogecoin's thunder. The lack of price movement on DOGE can be attributed to several factors, including the absence of significant updates or news surrounding the coin.
One of the most talked-about potential catalysts for Dogecoin is the implementation of smart contract technology, a topic that has been discussed for around a year now. Unfortunately, no progress has been made in this direction, leaving investors disappointed and contributing to the coin's stagnant price.
Another potential catalyst could be endorsements from high-profile figures like Elon Musk or implementation on platforms like X . However, these are speculative at best and cannot be relied upon for sustained growth.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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