Cryptocurrencies Price Prediction: Polygon, Shiba Inu & Pepe — Asian Wrap 11 September
MATIC price declines, on-chain activity fails to catalyze recovery in Polygon’s token
Polygon’s MATIC token witnessed a spike in user activity since Thursday, September 7. There has been a steady increase in metrics that measure user activity: Daily active addresses, volume, whale transfers greater than $100,000 and $1 million.
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Shiba Inu price lags behind despite massive spike in Shibarium transactions and SHIB token burn
Shiba Inu price is struggling to wipe out its losses from the past week. SHIB price declined 3.42% in the past seven days. The meme coin’s Layer 2 chain Shibarium noted a spike in activity, however the development failed to act as a catalyst for SHIB price.
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PEPE price recovery fazed by split in the meme coin’s team and Telegram account hack
PEPE, a frog-themed meme coin, that recently made headlines for differences between the founding team members and the theft of nearly $15 million worth of tokens. Early on Saturday, the official X account of the meme coin informed the community that the Telegram account was compromised.
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