On May 10th, the price of Shiba Inu coin (SHIB) rose sharply. Before the deadline, its price was reported at $0.00001601, with an intraday increase of 6.44%. This is mainly attributed to the optimistic expectations of the market for the conclusion of the trade agreement between the United States and the United Kingdom, as well as the strong willingness of investors to hold coins.
Market views generally hold that if the US-UK trade agreement is reached, it will boost economic activities in both countries, thereby attracting more funds to flow into the cryptocurrency market and driving the price of SHIB to rise rapidly in the short term. Moreover, after the agreement is implemented, global economic cooperation is expected to strengthen, and the overall demand for cryptocurrencies will also increase accordingly. As a community-driven project, Shiba Inu Coin has attracted much attention and its trading volume has been continuously rising. Meanwhile, the trend of investors holding for the long term is obvious, with a decrease in selling behavior and limited circulation, further pushing up the price of Shiba Inu coins. As risk appetite in the crypto market rises, “meme coins” such as Shiba Inu coins have gained popularity, and related discussions on social media have heated up, with the investor base continuously expanding. As of the time of submission, Shiba Inu coins have achieved six consecutive gains, with the largest increase on May 8th, reaching 12.34%.
On the other side, the cryptocurrency presale performance of the SUBDD project was strong. This project, which combines an AI revenue model, has attracted the attention and participation of many investors since its pre-sale was launched. SUBDD is based on Ethereum and adopts the ERC-20 standard, aiming to build a decentralized platform that directly connects creators and fans. With its unique AI tools and monetization functions, it is expected to become a leader in the creator economy in the Web3 era. At present, the project team is actively disclosing the subsequent development plan and market expansion strategy.
With the continuous emergence of projects such as Shiba Inu Coin and SUBDD, the crypto market continues to gain new impetus for development. In the future, the dynamics of these projects and the trends of the crypto market will continue to be the focus of attention.
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