The 2021 bull cycle saw nearly all cryptocurrencies surge to new all-time highs. Shiba Inu (SHIB) outperformed the rest of the industry with a whopping 43 million percent jump. As we approach another bull market, market analysts have spotted another crypto asset exhibiting a similar price action to SHIB before the 2021 rally. They believe this token will post similar gains as Shiba Inu (SHIB) in 2024.
Shiba Inu (SHIB): Revisiting past glory
Shiba Inu was created in 2020 by an anonymous developer or group of developers using the pseudonym Ryoshi. The Ethereum-based token was created to compete with Dogecoin, which had a monopoly on the meme coin market at the time. Shiba Inu started its rally on May 10, 2021, when a huge inflows rocked the market and pushed its price up 457% in just 24 hours. Shiba Inu continued soaring higher throughout the rest of the year, posting a record 43,223,296.55% increase in 12 months. On October 28, 2021, SHIB reached an all-time high (ATH) price of $0.00008845, translating into a $44 billion market cap.
What caused the 2021 SHIB rally?
Several factors contributed to the rally. Shiba Inu had a strong and loyal community of supporters, the “SHIB army,” who constantly caused a buzz on social media spaces. This community drew a lot of attention to the token, which led to more buys, pushing its price higher.
Shiba Inu also captured the attention of celebrities like former Tampa Bay wide receiver Antonio Brown and socialite Paris Hilton, who increased its awareness and legitimacy.
SHIB has since fallen from glory and is now trading approximately 90% below its all-time high. The token has also lost much of its popularity, convincing analysts that a similar rally in 2024 is impossible.
Click Here To Take Part In Retik Finance Presale
Retik Finance (RETIK): Replicating SHIB’s Performance
With Shiba Inu running out of gas, the baton of explosive performance has now been passed to Retik Finance. Retik Finance is rapidly gathering momentum in presale, threatening to break in a rally that might even break SHIB’s record. Last week, Retik Finance sold over 15 million RETIK tokens in the first stage of its presale in less than 72 hours, raising almost half a million. This performance demonstrates high investor confidence in the project and its ability to succeed Shiba Inu. Should Retik maintain this momentum, it will surely eclipse SHIB’s 2021 gains.
Retik Finance (RETIK) is a DeFi-focused platform bridging the gap between traditional finance and cryptocurrencies. Retik Finance envisions a world where crypto users can effortlessly spend their crypto holdings on day-to-day purchases.
This is particularly possible through Retik DeFi Debit Cards, which not only allow users to spend crypto directly from their wallets but also facilitate instant crypto-to-fiat conversions. This allows them to spend their digital assets at establishments that may not accept direct crypto payments.
But that’s not all Retik Finance does to reshape the payments sector. The platform includes Retik Pay, an innovative payment system that enables merchants to integrate crypto payments into their businesses. The rapid adoption of cryptocurrencies is quickly changing the payments sector, and sooner or later, businesses lacking crypto integration will fall behind. Retik Finance is enabling businesses to stay ahead of the curve. Retik Pay is compatible with any e-commerce platform and can be used from anywhere in the world.Holding the Retik Finance ecosystem together is Retik Wallet, a multi-chain wallet that enables users to participate in a range of decentralized finance activities such as swapping, mining, staking, lending, and borrowing. The wallet also introduces a new range of functionalities that, in the past, have only been available through centralized exchanges. Retik Wallet is connected to Retik DeFi debit cards, allowing instant crypto-to-fiat conversion.
Retik Finance is home to the world’s first AI-powered P2P lending platform. The platform uses
Machine learning technologies to match lenders and borrowers in an approach that enhances the lending experience and reduces the risks associated with traditional lending models.
Retik’s innovative features and products work together to drive value and cement Retik’s position in the DeFi realm as a top contender for explosive growth in 2024.
Retik Finance is holding a $333,000 giveaway as a thank-you to its early investors. Ten lucky participants will each receive $33,300 in RETIK.
Click Here To Take Part In Retik Finance Presale
Visit the links below for more information about Retik Finance (RETIK):
Website: https://retik.com/
Linktree: https://linktr.ee/retikfinance
Disclaimer: The text above is a press release that is not part of Cryptonews.com editorial content.
The post Shiba Inu (SHIB) type returns to be replicated by Retik Finance (RETIK) feels expert appeared first on Cryptonews.
