Binance Coin (BNB) rocketed to an $86 billion market cap in July. Injective (INJ) records a 24% rally, spurred by increasing DeFi activity within its ecosystem.
Meanwhile, investors are fixing their eyes on the next best P2E meme coin investment after Shiba Inu. In the opening stage of its presale, $WW3S has raised $56,000 and counting. But is this milestone enough to position it as one of the top cryptocurrencies in 2024? Let us discuss.
Binance Coin (BNB) Hits $86 Billion Market Cap, Announces Initiative That Could Improve DeFi Activity
Weeks after crossing an all-time high and hitting $700 levels, Binance Coin (BNB) has seen its market cap skyrocket to $86 billion. At the time of writing, Binance Coin is trading for $595.80, 17% below its peak of $720 achieved on June 6.
However, Binance Coin’s (BNB) momentum may improve in the coming weeks. Recently, BNB Chain made headlines after dedicating a $900k liquidity pool to support the meme coin ecosystem. Bullish analysts say this move will increase developer participation within the Binance ecosystem and position BNB Chain as the ideal network to launch meme tokens. If the bulls are right, Binance Coin may fluctuate between $600 and $700 in Q3.
Injective’s (INJ) Impressive Token Burn
Injective (INJ) is an open-source layer-one blockchain protocol that is making a resurgence. INJ was trading bearishly for most of June. Investors are impressed by Injective’s weekly token burn, which destroyed over $65,000 INJ during the most recent burn event. This burn, along with emerging partnerships in Injective’s ecosystem, have pushed Injective (INJ) up from $22 at the start of the week to $26 on July 22. Like Binance Coin (BNB) bullish observers say Injective may rise further in the coming weeks, reaching $30 in Q3 2024.
WW3 Shiba: Exploring Passive Income Generation Through Blockchain Technology
As the first SocialFi P2E meme coin that rewards users for completing missions, WW3 Shiba presents an immersive gameplay universe that captures the attention of gamers, investors, and traders alike.
Within the WW3 Shiba universe, players recruit loyal dog companions and lead them into battle to prevent dangerous world leaders from destroying the earth. The WW3 Shiba ecosystem rewards the most dedicated gamers for their participation. So, in return for playing the game and saving the world from World War 3, players earn high-value NFTs, cash prizes, and $WW3S tokens.
Yet, WW3 Shiba offers more than just a gaming experience. With its rich P2E opportunities, WW3 Shiba enables players to make money while furthering the financial ambitions of its network. In addition to in-game rewards, players may also generate passive income by trading their NFTs, staking their $WW3S tokens, and even competing to become the top dog in their country. Top Dogs earn huge in-game rewards and individual NFTs representing the dog from the country of their choice.
In addition, WW3 Shiba demonstrates its commitment to the welfare of dogs by dedicating 2% of all transactions and funds to dogs affected by current wars. As excitement surrounding its launch grows, the founders of WW3 Shiba have locked liquidity assets for ten years and team tokens for three years. Doing so has helped demonstrate their commitment to the longevity of WW3 Shiba.
Conclusion
In July, Binance Coin witnessed its market cap reach $86 billion, signaling increasing DeFi activity in its ecosystem. Also, injective holders have much to celebrate as they watch the token soar 11% on the back of increased DeFi activity within its ecosystem.
Elsewhere, WW3 Shiba has been the name on most investors’ lips since the launch of its presale, which has raised $51,000+ so far. With a starting price of $0.001 and plans to flood 50% of its token supply into the hands of investors, this presale event is widely considered a rare opportunity to make lucrative profits on a tiny investment. Bullish predictions back $WW3S to 100x when it lists, fueled by its novel blend of gameplay elements, P2E opportunities, and charitable contributions to dog causes.
If you would like to find out more information about the presale:
Website: ww3shiba.com
Twitter: https://x.com/WW3SHIBA