- Binance just lately introduced a two-week memecoin contest.
- The competition is ready to run from July 12-26
- Crypto analyst Javon Marks forecasts Shiba Inu will reclaim its ATH.
Outstanding crypto analyst Javon Marks believes Shiba Inu (SHIB) will reclaim its all-time excessive amid Binance’s launch of a memecoin duel between SHIB and its main rival, Dogecoin (DOGE).
Binance just lately introduced a two-week competitors dubbed “Battle of the Meme Canines,” rewarding potential winners with $100,000 in token vouchers. In the course of the competitors, contestants from the SHIB and DOGE groups earn factors for finishing every day or everlasting duties. The competition is slated for July 12 to July 26, 2024, and participation is easy.
Aspiring individuals should log in to their Binance accounts and ensure participation by becoming a member of both Staff Shiba or Staff Doge on the exercise web page. Upon affirmation by Binance, customers are redirected to the promo web page to start duties.
The factors are structured as follows:
- 30 factors for every day login
- 20 factors for sharing the competition on social media
- 200 factors for profitable referrals who full KYC verification
- 250 factors for a single DOGE or SHIB deposit of a minimum of $100.
As well as, individuals who place spot or convert orders in SHIB or DOGE of a minimum of $100 will earn 350 factors. In the meantime, customers earn 500 exercise factors for buying and selling a minimal of $1,500 in SHIB or DOGE in Binance futures.
After the competition, Binance will reward the crew with essentially the most factors. A minimal of three,000 particular person factors is required to take part within the $100,000 prize pool. $50 might be shared among the many first $50,000 individuals of the successful crew. Equally, the primary 20,000 individuals from the dropping crew might be rewarded with $50.
In the meantime, analyst Javon Marks predicts SHIB will reclaim its ATH, citing a good market outlook and technical indicators. In keeping with his report, the Shiba Inu worth pattern alerts the potential for one more rally, which might propel it to important highs.
“$SHIB (#Shiba)’s 3D costs, regardless of its current motion, are persevering with to carry damaged out of sample that resembles pretty carefully, one other sample that sparked an enormous run to new All Time Highs,”
Shiba Inu trades at $0.00001963 throughout press time, having elevated by 1.66% within the early hours of the day.
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