The recent market correction has dealt a major blow to leading artificial intelligence coins. After a red-hot streak rally that started in late 2023, AI coins such as Injective (INJ) and Render (RNDR) have registered major price declines.
This has pushed their holders to invest in WW3 Shiba (WW3S), an upcoming SocialFi meme coin regarded as the best new crypto to buy in 2024.
The steep correction offers investors a 'buy the dip' opportunity. However, some investors are worried that AI coins could tank further. This has pushed cautious investors to hold stablecoins, while experienced players are interested in new but promising projects such as WW3 Shiba.
Injective, one of the most popular AI coins, has experienced significant selling pressure in the past three months. This impulsive price action has left investors wary of buying the dip, with some selling all their holdings until the dust has settled. This mainly applies to late longs who risk losing their unrealized profits.
At the time of writing, Injective is trading at $21,56, down 59% from its all-time high of $52.75 reached on March 14. Analysts have given a bullish price prediction, citing that advancements in artificial intelligence could trigger a price correction for AI tokens.
Recent data has shown that the number of Render holders in profits plummeted to an eight-month low, a development that could trigger profit-taking among RNDR holders. Render is one of the many AI coins that have not been immune to the recent crypto market crash.
The Render coin price action tells the whole story. Render is down 23.5% in the past month, as it trades at $7.71 at press time. On March 17, Render reached an all-time high of $13.60 and is currently trading 43% below this price. Analysts have given a bearish Render price prediction, possibly triggering profit-taking as investors try to protect their positions.
WW3 Shiba, a new SocialFi meme coin aiming to disrupt the $175 billion gaming market, is attracting Render and Injective investors looking to make huge presale gains. Experienced investors are counting on the new meme coin, as it has been described as a solid crypto coin to buy amid a downturn.
Apart from its meme culture appeal, WW3 Shiba will turn to its play-to-earn (P2E) platform to onboard traditional gamers and Web3 fanatics. WW3 Shiba will offer in-game rewards to create virtual economies that bring more people to the ecosystem.
Analysts are predicting 1,000x gains for early investors as they claim that WW3S, the native token of the meme coin's ecosystem, is the best new meme coin to buy now. Investors are flocking to buy WW3S tokens for a low price of only $0.001 in the early stages of the ongoing presale.
If you would like to find out more information about the presale,
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.