You Can’t Teach An Old Dog New Tricks: Traders Offload Dogecoin and Shiba Inu For A New Viral Star 

As the world of cryptocurrency evolves, traders are shifting away from traditional favorites like Dogecoin and Shiba Inu. Many investors are selling their once-popular tokens in favor of Layer Brett (LBRETT), a new viral star on the market. These tokens are losing their appeal. This change demonstrates the desire for new, creative ideas that will be more useful and have greater room to flourish in a market that is constantly evolving.

Dogecoin Price Struggles

Since its price has fallen, traders have begun selling Dogecoin (DOGE), indicating market uncertainty. Since hitting a multi-month high of $0.28 on July 21, Dogecoin has fallen almost 24%. This has led major holders to sell. Binance received 900 million DOGE, valued at over $200 million. 

This could lower prices further. On-chain measures suggest a 6% reduction in Dogecoin wallets holding $10 million to $100 million since late July. Big investors may be becoming risk-averse. Daily active addresses have plummeted to 58,000 from 674,500 in July. 

Retail interest appears to be declining. A rising wedge pattern, a bearish reversal formation, suggests the price could rise to $0.12 if $0.218 support fails. These changes demonstrate Dogecoin’s difficulty adapting to a changing market.

Shiba Inu Faces Sharp Decline

Shiba Inu (SHIB) traders are selling amid a price drop, indicating investor skepticism. The cryptocurrency’s price has fallen over 60% from its November 2023 highs. Many reasons contributed to this collapse, including a 99.8% drop in daily transactions on Shibarium, Shiba Inu’s layer-2 network, indicating reduced network activity. 

Investor sentiment has been further eroded by Shiba Inu’s 72% burn rate cut, which has raised inflation. Due to its excellent fundamentals and real-world utility, many traders are switching to more promising alternatives like LBRETT. Shiba Inu’s market position is weak as traders seek safer and more promising investments.

LBRETT: The Market’s New Sensation

We are seeing traders moving their focus from established names like Dogecoin and Shiba Inu to the newest viral sensation, Layer Brett (LBRETT). It’s already being referred to as the next 100x meme coin, with some predicting it could even hit 300x in the coming bull cycle. With a presale price of only $0.0053, the prerequisites for significant profit are undeniable, and there are very compelling reasons for this. 

LBRETT’s total supply is capped at just 10 billion tokens, adding a sense of scarcity. With the presale round raising over $2 million, this newer rival presents potential for huge gains without reaching the stratospheric market cap of Dogecoin and Shiba Inu.

Its Layer 2 infrastructure adds further support to the coin’s growth by optimizing transactions for speed, cost, and scalability on the Ethereum network. Its balance of meme appeal and practical application sets it apart from other hype coins that tend to burn brightly and fade away.

After Layer Brett launches on key exchanges, short-term estimates are above $2, but long-term predictions reach $5 or more as the bull market strengthens. For cryptocurrency diversifiers beyond Dogecoin and Shiba Inu, LBRETT is a pioneering opportunity for high rewards. The amount raised in the first few weeks of the presale indicates substantial support from both retail and wholesale traders.

Conclusion

Shiba Inu and Dogecoin have been around for a while and are still significant players in the meme market. However, large investors seek out small-cap gems when they desire enormous yields.

Because of this, Layer Brett’s presale has already surpassed $2 million as retail investors and whales scramble to purchase this low-cap growth monster at the $0.0053 price floor.

Don’t miss your chance to join the next top meme coin and stake for potentially life-changing rewards.

Website: https://layerbrett.com

Telegram: https://t.me/layerbrett

X: (1) Layer Brett (@LayerBrett) /