Crypto News Updates: Shiba Inu (SHIB) Holder Count Keeps Going Down as New Memecoins Enter the Market, Retik Finance (RETIK) Keeps up the Pace as It Raises $1.7 Million in Its Presale, Solana (SOL) Gains Momentum and Moves Towards $150 Mark

Shiba Inu (SHIB) witnessed a decline in its holder count amid the emergence of new meme coins in the market. Moreover, the crypto project like Retik Finance (RETIK) has been making waves by maintaining momentum, successfully raising an impressive $1.7 million in its presale.

Meanwhile, Solana (SOL) is gaining significant traction, steadily advancing towards the $150 mark, reflecting the ongoing shifts and developments within the crypto space.

Shiba Inu (SHIB) Holder Count Keeps Going Down as New Memecoins Enter the Market

Shiba Inu (SHIB) is an Ethereum blockchain based ERC-20 meme coin project. The project was created in August 2020, the token has won the heart of many retail crypto investors, namely the SHIBArmy. The Shiba Inu project is going down because of the botched launch of Shibarium, which was marred by a network outage and a faulty bridge. Moreover, after the launch on August 16, the SHIB's blockchain underwent serious technical issues which saw over 1,003 ETH stuck on a bridge. At that time, the SHIB price plunged 10%. Due to this reason most SHIB investors now turned into other crypto projects like Retik Finance. Retik Finance is a Decentralized Finance (DeFi) based project that bridges the gap between crypto and real-world utility.

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Retik Finance (RETIK) Keeps up the Pace as It Raises $1.7 Million in Its Presale

Retik Finance is a crypto DeFi project that seeks to revolutionize global payments with its DeFi solutions, such as DeFi Debit Card, Payment gateway, AI lending P2P Wallet, and a scalable blockchain infrastructure, designed to enhance the overall user experience. On December 6th, the project started its token presale with the initial price at $0.03. Notably, the first stage sold out within 72 hours and raised $450,000 at the end of stage 1. Moreover, the project is currently in the third stage, with the RETIK token priced at $0.05. The Retik Finance project has already raised over $1.7 million in total during its presale without VC involvement.

In order to celebrate Retik's platform launch, the project officially announced its mega $333K giveaway, providing users the fantastic chance to become one of the 10 winners who can get $333K worth of Retik tokens each.

Solana (SOL) Gains Momentum and Moves Towards $150 Mark

Solana is one of the most leading crypto projects in the market. To note, the SOL's impressive increase below $50 happened just a month ago to $95 today has helped the token to overtake Ripple (XRP) as the fifth-largest crypto project.In addition, institutional investments in SOL have also surged in recent days. Indicating the tokens demand, the Shares of Grayscale Solana Trust (GSOL) hit an almost 900% premium to the spot SOL held in each share.All-in-all, SOL is not the only altcoin making waves in the crypto space. PEPE (12%), Aptos (10%), Optimism (22%), have all posted impressive daily gains. In addition, new crypto projects like Retik Finance are also gaining huge interest and momentum among investors in the crypto space.

About Retik Finance

Retik Finance's vision lies in a steadfast commitment to connect the bridge between the cryptocurrency realm and real-world utility. Retik DeFi solution includes DeFi Debit Cards, a Crypto Payment Gateway, AI-powered Peer-to-Peer (P2P) Lending, and a Multi-Chain Non-Custodial Highly Secured DeFi Wallet.

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